Uniswap founder Hayden Adams shocked the cryptocurrency community when he recently announced on X (formerly Twitter) that he burned 99% of the HayCoin (HAY) supply. This drastic decision was made due to Adams’ concerns about the excessive price speculation surrounding the token in recent days. Five years ago, Adams deployed the HAY token for testing
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Hong Kong’s Customs and Excise Department is taking steps to tighten regulatory measures in response to the money-laundering risks associated with cash-for-crypto shops. The move comes after several store owners were arrested in connection with an alleged $192.7 million fraud involving the JPEX crypto exchange. These over-the-counter (OTC) cryptocurrency exchange shops currently operate without licensing
Over the past week, Bitcoin has seen a remarkable surge of 10.50%, driven by a series of significant gains. One particular event that contributed to this surge was the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. As a result, the largest cryptocurrency experienced a 7% price increase on
In a recent development, the Federal Bureau of Investigation (FBI) has taken action against an unlicensed money-transmitting business that utilized cryptocurrencies as a tool for money laundering. According to court filings dated October 18, six individuals were charged with conspiracy and the operation of an unlicensed money-transmitting business. This illicit operation involved converting Bitcoin and
As the price of Bitcoin gradually approaches the 100-day and 200-day moving averages, there is a sense of hope and optimism in the market. Breaking above these key indicators has instilled a bullish sentiment among investors. Currently, Bitcoin is eyeing the pivotal resistance level of $30K, which holds significant importance for the cryptocurrency. Upon examining
Binance, the largest cryptocurrency exchange by trading volume, is facing a significant setback as it endures over $1 billion of net outflows in the past 24 hours, according to DeFillama CEX’s transparency dashboard. This substantial outflow comes in the wake of yet another top executive leaving the company, further adding to the challenges faced by
The anticipation of a spot Bitcoin Exchange Traded Fund (ETF) approval by the US Securities and Exchange Commission (SEC) has generated significant speculation about the potential impact on the price of Bitcoin. The crypto financial services platform, Matrixport, has conducted a thorough analysis and predicted that the approval of a spot Bitcoin ETF could push
Ras Al Khaimah, one of the seven Emirates of the United Arab Emirates, has taken a significant stride towards economic diversification with the launch of the RAK Digital Assets Oasis (RAK DAO). Primarily targeting digital and virtual asset companies, this free zone positions itself as a forward-thinking center for emerging technologies. Dedicated to Modern Technologies
Ripple has recently secured a significant legal win in its ongoing battle against the United States Securities and Exchange Commission (SEC). On October 19, the SEC announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. This development marked a major milestone in the civil case that was
In recent cybersecurity news, a new attack vector called EtherHiding has emerged, posing a significant threat to blockchain smart contracts. Contrary to its name, this attack does not primarily target the Ethereum network but instead exploits vulnerabilities in the Binance Smart Chain (BNB). EtherHiding allows hackers to conceal malicious code within smart contracts, enabling them
