Despite hints of waning hype, the US spot Bitcoin ETFs, including GBTC, had a strong start to June. During the first week alone, these ETFs collectively purchased 25,729 BTC. Data also shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and 65,456 in March. April, on the other hand, […]
Bitcoin’s price tried to take down the coveted $70,000 level last night but was violently rejected and pushed back down by over two grand in an hour or so. The altcoins have also turned red, triggering an $80 billion loss to the total crypto market cap. The total value of liquidated positions has risen to […]
Sandwich bots have been wreaking havoc on the Solana network for quite some time. In a bid to crack down on these attacks, the Solana Foundation has decided to remove a group of validator operators from its delegation program. The decision was made due to the involvement of these operators in carrying out “sandwich attacks” […]
On Sunday, Loopring, an Ethereum zero-knowledge roll-up protocol, announced a significant security vulnerability attack on its smart wallets, linked to the Loopring Official Guardian. The project is collaborating with security and law enforcement agencies to investigate how the two-factor authentication system was compromised and to track down the cybercriminals. Loopring Official Guardian Exposed In a […]
Ahmad Shadid, the founder of the decentralized physical infrastructure network (DePIN) protocol io.net, has announced that he is stepping down as CEO “effective immediately.” He said that despite the allegations against him in the past, his resignation as CEO is to allow io.net to move forward without interference. COO Tory Green Takes Over “Today I […]
All eyes are on Wednesday, June 12, which is the date of the U.S. central bank’s policy decision on interest rates. However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May. Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a […]
[PRESS RELEASE – Singapore, Singapore, June 10th, 2024] Lucky Catoshi has introduced a distinctive meme coin project that offers more than 1% of its token supply to users through social media interactions. By simply tweeting, participants can win 1% or more of Lucky Catoshi’s token supply via their “luck machine,” presenting a novel approach to […]
In the last market cycle, altcoin and Bitcoin pairs capitulated in June 2019, just before the United States Federal Reserve cut interest rates. The chart pattern for this cycle is identical, and if history rhymes, a similar final flush out of altcoins may be imminent before this month’s Fed rate decision on June 12. However, […]
A recent report from blockchain intelligence firm Elliptic titled “AI-enabled crime in the cryptoasset ecosystem” has shed light on the emerging threats posed by artificial intelligence (AI) in cryptocurrency crime. The report, supported by case studies, identifies five emerging types of AI-enabled crimes, ranging from deepfake scams to state-sponsored cyberattacks, emphasizing that these threats are […]
Juan Tacuri, 46, of Greenacres, Florida, a senior promoter behind the Forcount cryptocurrency Ponzi scheme, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme, which reaped $8.4 million from primarily Spanish-speaking investors, has been described as one of the more shocking frauds targeting vulnerable communities. Forcount […]