Magic Eden has recently unveiled its highly anticipated multi-chain wallet, aiming to tackle the issues of fragmentation and complexity that exist within the handling of digital assets. With its official release date scheduled for January 29th, users are eagerly awaiting this groundbreaking wallet solution. In the NFT market, one of the main challenges is the
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Bitcoin has had a tumultuous start to 2024, with various events shaping its trajectory. From the SEC’s approval of spot Bitcoin ETFs to a significant decline in price and selloffs from the Grayscale BTC Trust, the cryptocurrency market has been filled with activity. Amidst all this chaos, on-chain data has revealed an intriguing sentiment of
Blockchain security firm CertiK, known for its expertise in securing digital assets and decentralized technologies, is currently facing a significant rise in scams and fraudulent activities. These scammers are leveraging the reputation of CertiK to spread misinformation and defraud unsuspecting users. In a recent blog post, the company shed light on the various challenges it
Bitcoin, the flagship cryptocurrency, has recently experienced a surge in price, surpassing the $42,000 mark after trading below $40,000 for several days. This article aims to analyze and evaluate the various factors that have contributed to this market recovery. By examining recent revelations about the US economy, the expiration of monthly BTC options contracts on
The cryptocurrency industry is rapidly evolving, and regulators are faced with the challenge of keeping up with its growth. In a recent speech delivered by CFTC Chair Rostin Behnam, he expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation. This article delves into the key points made in his speech and
Ethereum (ETH) is currently facing the possibility of a massive sell-off worth $1 billion. This significant transaction is attributed to Celsius, a bankrupt crypto lender. As per reports from on-chain analyst Lookonchain, Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution
Manhattan federal prosecutors have announced the sentencing of Mark Scott, a former partner at the U.S. law firm Locke Lord, to 10 years in prison for his role in a fraudulent cryptocurrency scheme worth $400 million. On Thursday, the sentencing took place, and Scott was found guilty of conspiracy to commit money laundering and conspiracy
eTuktuk, a startup focused on eco-friendly transportation solutions, has made significant strides in its presale campaign. With a total of over $550,000 raised to date, eTuktuk’s native token, TUK, has garnered substantial interest from investors. What sets eTuktuk apart is its commitment to improving urban transportation sustainability by transitioning auto rickshaws in developing countries from
The US government recently announced its intention to sell a significant portion of its Bitcoin holdings, sparking concerns within the crypto community. This move has raised questions about the potential impact on the already bearish crypto market. The Department of Justice (DOJ) stated its plan to dispose of over $130 million worth of Bitcoin, which
In the world of cryptocurrencies, Bitcoin often sets the tone for the entire market. As the leading cryptocurrency, its price movements can have a significant impact on altcoins like Ethereum. Crypto analyst Michael van de Poppe suggests that Bitcoin’s recent signs of bottoming out could be an indicator of an impending altcoin rally, potentially benefiting
