The Office of Foreign Assets Control (OFAC) has escalated its enforcement efforts by tightening its grip on individuals and entities operating within the financial services and technology sectors in Russia, particularly those involved in virtual assets, enabling evasion of US sanctions. The enforcement agency claimed that these individuals and entities played a crucial role in […]
[PRESS RELEASE – NY, US, March 31st, 2024] The growing fascination with meme coin projects within the Solana blockchain ecosystem is highlighted by the swift increase in market capitalization seen across several projects. With the price of Solana holding strong at around $180 per SOL, the platform showcases its ability to facilitate the rapid rise […]
Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the […]
Bitcoin’s price movements continue to be quite underwhelming, but the asset has remained above the coveted $70,000 mark. The altcoins are also quite sluggish during the same time frame, but the weekly scale shows some impressive gains from the likes of SOL, DOGE, BCH, ICP, and others. BTC Maintains $70K The previous weekend was quite […]
The TRON network accounted for 45% of all illicit volume in 2023, according to data released by analysts at blockchain forensics firm TRM Labs. TRM Labs released a report titled “The Illicit Crypto Economy” on Wednesday shedding light on the key trends in 2023 related to illicit activities and funds in the crypto space. TRON […]
On March 29, the firm announced its Grayscale Dynamic Income Fund (GDIF) stating that it is its first actively managed investment product. Grayscale added that the new fund aims to optimize income in the form of staking rewards associated with proof-of-stake crypto assets. It is the latest effort from the world’s largest crypto asset manager […]
TL;DR Sam Bankman-Fried’s 25-year prison sentence sparked the creation of some meme coins like “Sam Baseman Fraud (FTX).” This phenomenon underscores the crypto community’s habit of launching meme coins tied to major news events, albeit with a cautionary note on their high volatility and investment risks. Sam Bankman-Fried, the founder and former CEO of the […]
It has been over 15 years since Satoshi Nakamoto introduced Bitcoin to the world, and a lot has happened within this timeframe. From being called a pyramid scheme, rat poison (sq), and proclaimed dead hundreds of times, to becoming a trillion-dollar asset with a dozen exchange-traded funds tracking its performance on the world’s largest financial […]
Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the […]
Tokens linked to artificial intelligence (AI) projects are once again soaring, riding the bullish wave of the broader crypto market. The latest analysis by Santiment also highlighted a similar trend. The crypto analytic platform’s findings revealed an impressive growth in the market cap of AI and BigData projects. AI and Big Data Market Cap Soars […]