The cryptocurrency market has seen a concerning trend lately, with an increasing number of tokens being launched with limited circulating supply and inflated valuations. This has raised questions regarding the sustainability of the upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have highlighted this issue, outlining the potential risks
Crypto
OKX, a major cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision came as a result of the exchange withdrawing its virtual asset service provider (VASP) license application. While OKX cited “careful consideration” of its business strategy as the
A recent case involving a Taiwanese national charged with running Incognito Market, a darknet drug bazaar, has brought to light the seedy underbelly of illegal online drug sales. The accused, operating under the pseudonym “Pharoah,” allegedly oversaw a platform that transacted over $100 million in cryptocurrency, primarily through selling dangerous substances like fentanyl. Rui-Siang Lin,
The world recently bid farewell to a beloved icon of internet culture, Kabosu, the Shiba Inu who captured the hearts of millions as the face of the “Doge” meme. With her iconic expression and humorous captions, Kabosu symbolized the whimsical and endearing nature of the online world. Her owner, Japanese kindergarten teacher Atsuko Sato, announced
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has sparked significant interest within the crypto community. Figure Markets and Pantera Capital were among the buyers who participated in the auctions and acquired large quantities of SOL tokens at discounted prices. The results of the auction were
In a recent unanimous decision, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute arising from the cryptocurrency exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. This decision sheds light on the complexity of arbitration agreements and
The recent decision by the United States House of Representatives to prohibit the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) has stirred up significant debate within the crypto community. This move has been viewed as a victory for supporters of decentralized currencies like Bitcoin, who prioritize privacy, individual sovereignty, and free
The recent announcement by the Trump campaign to start accepting cryptocurrency donations has set a groundbreaking precedent in the realm of presidential campaigns. This move aligns with Trump’s larger agenda of prioritizing freedom over government control, as stated by the campaign. By allowing supporters to donate using various cryptocurrencies through Coinbase Commerce, the campaign aims
Peter Schiff, a well-known gold bug, has been vocal in his criticism of bitcoin for years. His latest warning came amidst a surge in the price of bitcoin, which surpassed $70,000. Schiff’s concerns were specifically directed towards the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. The Impact of Spot
Gala Game, a Web3 gaming project, recently fell victim to an exploit orchestrated by an unknown attacker. This attacker, referred to as a compromised or rogue admin address, managed to mint a staggering 5 billion GALA tokens, equivalent to over $200 million. The security breach was quickly contained, and the affected wallet was promptly frozen.
