The Federal Bureau of Investigation (FBI) has recently made a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) in order to return $1.14 million to victims of the CluCoin fraud. This marks a significant shift in the way law enforcement agencies interact with victims of fraud, as it is the first time NFTs have been employed
The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. Data from various sources, including CoinGlass and CoinGecko, confirm a substantial increase in trading activity for ADA. In the span of just 24 hours, Cardano has witnessed a remarkable 150% surge in trading volume, totaling approximately $477
Ethereum has faced significant challenges amidst the recent bearish pressures within the overall crypto market. The ETH price has experienced multiple downturns, bringing it back towards the $2,000 mark and dashing hopes for a new all-time high in the near future. Despite this setback, there is optimism in the air as one crypto analyst suggests
Bitcoin experienced a 2.5% drop on Wednesday to $59,100 following the U.S. government’s transfer of more Silk Road-affiliated Bitcoin holdings to Coinbase Prime. Arkham Intelligence, an on-chain analysis platform, identified the move and highlighted that 10,000 BTC, valued at $593 million, had been transferred. This transfer involved moving the Bitcoin from a known U.S. government
The world of cryptocurrency has seen a disturbing trend in the rise of stolen funds from crypto scams. Data shared by Chainalysis revealed that the amount of stolen funds almost doubled from $857 million to $1.58 billion by late July of this year. This represents a significant 84.4% increase compared to the same period last
During a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed their unwavering support for the crypto industry. Schumer stressed the importance of regulatory clarity as a key factor in shaping the future of the industry. He emphasized the need for bipartisan collaboration in enacting common-sense regulations for crypto, highlighting his
Confiction Labs, the developer behind the popular shooter game Riftstorm, has recently unveiled a groundbreaking system known as Proof of Exposure. This system is specifically designed to tackle the growing issue of bot accounts in Web3 gaming by integrating NFT allowlist verification. The introduction of this system is a direct response to the disruptions caused
The recent settlement of $1.76 million between Binance and the Brazilian securities regulator, Comissão de Valores Mobiliários (CVM), brings an end to a year-long investigation into the exchange’s activities in the country. The crackdown began in July 2020, when the CVM ordered Binance to cease its unauthorized derivatives trading activities in Brazil. Despite warnings and
Core Scientific, a Bitcoin mining company based in Texas, has recently priced an increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial offering size was $350 million but has been upsized due to favorable market conditions. These notes will be settled on August 19, 2024, and will be issued
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual in the world of web3 content writing, journalism, and trading. His path into the realm of cryptocurrencies was not paved with success from the start but rather with a scam that involved a Ponzi scheme using crypto as payment. Instead of being deterred by this
