Global Crackdown on Crypto Scams: Israeli Police Accuse Technology Entrepreneur of Defrauding Investors of $290 Million

Law enforcement communities around the world are cracking down on crypto scams, with Israeli police accusing technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million. Hogeg and several unnamed associates are suspected of misappropriating funds from Israeli and foreign investors for personal use, and are facing charges of fraud, theft, money laundering, forgery, […]

XRP Whales Accumulate as Ripple vs SEC Case Sparks Hope for Price Rally

XRP, Ripple’s native cryptocurrency, has seen a price recovery after a strong crash to $0.47 last week. According to blockchain analytics platform Santiment, wealthy investors are driving XRP towards a price rebound following a decline in the broader cryptocurrency market last week.Santiment reported that there are 221 addresses holding between 10 million – 1 billion […]

SEC Not Coming After Cardano’s ADA Token, Says Founder Charles Hoskinson

Charles Hoskinson, the founder of Cardano, believes that the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. He made this statement during a recent YouTube interview on Corey Costa’s Crypto Coins.The SEC recently classified 12 tokens, including Cardano (ADA), Binance Coin (BNB), Solana (SOL), Polygon (MATIC), and […]

Ethereum Layer-2 Scaling Solutions Reach Milestone of 54 TPS

Ethereum’s Layer 2 solutions have achieved a remarkable milestone, reaching 54 transactions per second (TPS) on August 21st. This 5.1-fold increase in transaction throughput has been driven by scaling solutions such as ZKsync and BASE, the latter of which was nurtured by Coinbase’s incubation efforts.First-time transacting wallets have surged, surpassing Ethereum’s activity on occasion. This […]

Former OpenSea Executive Sentenced to Prison for NFT Insider Trading

Nathaniel Chastain, former Head of Products of OpenSea, the world’s largest non-fungible token (NFT) marketplace, has been sentenced to three months in prison for exploiting his position to obtain insider knowledge about specific NFT assets.Chastain was found guilty by United States District Judge Jesse Furman for using underground non-public information to conduct trades on NFTs […]

Crypto Investing: Navigating the Allocator’s Dilemma in a Moment of Transition

Crypto investing is undergoing a transformation, with the reduction of later-stage risks paving the way for financialization and institutional adoption. This presents an “allocator’s dilemma” for investors, as they must decide how to best capitalize on this moment of transition. Smaller funds have a unique opportunity to outperform, but this won’t last forever. Institutional investors […]

Bitcoin Price Crashes Below $25K: Analysis of Market Trends and Miner Behavior

Bitcoin’s price has recently crashed, losing nearly $5,000 in one day. On the daily timeframe, the price has been rejected from the $30K resistance level multiple times in recent months, leading to a significant drop below the critical 200-day moving average around the $28K mark. The $25K support currently holds the price, preventing it from […]

Binance to Remove Spot Trading Pairs, Discontinue Trading Bots Services

Binance, one of the world’s leading cryptocurrency exchanges, will soon remove several spot trading pairs from its platform. The removal will take effect on August 25, 2023, at 03:00 (UTC). The trading pairs that will be removed include ALCX/BUSD, PUNDIX/BUSD, FOR/BUSD, PEOPLE/BUSD, LOOM/BUSD, NMR/BUSD, SPELL/BUSD, and STORJ/BUSD.Binance has also announced the discontinuation of its Trading […]

Bitcoin Mining Companies Lose $2.8 Billion in Market Cap Amidst Rising Revenue

Bitcoin mining revenue has seen a steady increase since the start of the year, despite the top five largest crypto mining companies collectively losing $2.8 billion of their market Cap following last Thursday’s Bitcoin (BTC) flash crash.Hut 8 and Cipher experienced the most significant percentage decline, losing 32%, equivalent to over $400 million of their […]