German authorities have recently made a significant move by confiscating $28 million in cash and 13 crypto ATMs in a coordinated nationwide operation. This action, led by the Federal Financial Supervisory Authority (BaFin), aims to combat unlicensed activities within the rapidly expanding crypto market in the country. The operation, carried out in collaboration with law
Binance, the biggest cryptocurrency exchange in terms of trading volume, recently disclosed that it was able to prevent more than $2.4 billion in potential user losses caused by scams and fraud in the first seven months of 2024. This represents a substantial amount of money that would have otherwise been at risk of being lost.
Shaquille O’Neal, the legendary basketball player, is currently facing a class action lawsuit in connection with his involvement in the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, leading to financial losses for investors. The court has ruled that O’Neal could be considered a ‘seller’ of Astral NFTs, but dismissed the claim
The cryptocurrency market witnessed a surge in meme coins, particularly cat-themed meme coins, leading to a rally that pushed the sector’s market capitalization above $40 billion. This surge comes after a prolonged period of underperformance in the meme coin sector, with many assets charting impressive gains. Popcat (POPCAT), Mog Coin (MOG), and Cat in a
Samuel Edyme, also known as HIM-buktu, is not your typical crypto enthusiast. His entry into the world of cryptocurrency was not marked by success, but rather by a scam that lured him in with promises of quick riches. Instead of being discouraged, Edyme used this experience as a learning opportunity, diving deep into the intricacies
In the midst of the bull run of 2020 to 2021, ADA, the token native to Cardano, reached a peak of $3 in August. However, this moment was short-lived as developers introduced smart contracts during the same period, marking the beginning of the Goguen phase after the successful implementation of the Alonzo hard fork. Since
The challenging crypto market has not spared Ethereum (ETH), the second-largest cryptocurrency. Despite its position, Ethereum has been facing significant challenges in recent weeks, with its price failing to show any signs of a sustained recovery. Crypto analyst Ali Martinez highlighted that some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily
The recently published Democratic National Committee 2024 Party Platform failed to include any mention of Bitcoin, cryptocurrency, or blockchain technology. This omission stands in stark contrast to the Republican Party’s platform, which explicitly promised to end the anti-crypto crackdown initiated by President Biden and the Democratic Party. The ninety-two-page document focused on key issues that
The Nigerian Federal Inland Revenue Service (FIRS) has recently announced plans to introduce legislation to tax the rapidly growing crypto sector in the country. This move is seen as a step towards driving economic growth and innovation, as well as modernizing Nigeria’s regulatory framework to incorporate new technologies that have previously been unaddressed by existing
The Lost Glitches is a captivating card game that transports players into a futuristic setting, where they take on the role of Glitches in a quest to reclaim their lost memories. The game’s storyline and depth provide an immersive gaming experience that keeps players engaged and coming back for more. At the core of The
Hut 8 Corp. recently reported a net loss of $71.9 million in the second quarter of 2024, despite a significant 72% increase in revenue to $35.2 million compared to the same period last year. The company attributed this loss to a $71.8 million loss resulting from the fair value adjustment of its digital assets, driven
Norway, a country in northern Europe with a population of nearly 5.5 million, has made significant investments in Bitcoin stocks totaling around $1.7 trillion. This year, the government has increased its holdings of Bitcoin, now indirectly owning 2,446 BTC through its investments in crypto stocks. This move showcases a bullish stance on Bitcoin and highlights
TeraWulf’s second-quarter earnings report revealed a 21% decrease in the amount of BTC mined compared to the same period last year. This decline in production is concerning as it indicates a possible inefficiency or issue within the company’s mining operations. With the volatile nature of cryptocurrency mining, any decrease in production can have significant financial
Intersect, the organization overseeing the Cardano blockchain’s development, has recently issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for Chang Upgrade #1. This call stems from the need for crypto exchanges and decentralized apps to upgrade to node 9.1.0 and report their progress to ensure the success of