In a recent statement shared with CryptoSlate, Binance, the leading crypto exchange, announced that it had successfully prevented over $2.4 billion in potential user losses from scams and fraud within the first seven months of 2024. This innovative approach highlights a significant step towards protecting users and their assets within the volatile crypto market. Binance
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In a recent turn of events, the meme coin sector has witnessed a significant surge, pushing its market capitalization above the $40 billion mark. This rally was led by various cat-themed meme coins, such as Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). These assets have seen impressive gains, with POPCAT
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual who has made a name for himself in the world of web3 content writing, journalism, and trading. His path to success has not been a smooth one, starting with a scam that initially lured him into the world of cryptocurrency. However, instead of
Shaquille O’Neal, the legendary basketball player, is currently facing a class-action lawsuit in connection with his involvement with the Astrals NFT project. The lawsuit accuses Astrals of promoting unregistered securities, and the court has ruled that O’Neal could be classified as a ‘seller’ of Astral NFTs, holding him accountable as the case progresses. However, the
In the midst of the 2020 to 2021 bull run, the native token of Cardano, ADA, surged to $3 in August. However, this peak was short-lived as developers activated smart contracts at the peak of the cycle post the Alonzo hard fork, marking the beginning of the Goguen phase. Despite initial optimism, ADA has since
The cryptocurrency market has been a tough terrain lately, and Ethereum (ETH) seems to be caught in the storm. Despite being the second-largest cryptocurrency by market capitalization, ETH has been facing a slew of challenges. Crypto analyst Ali Martinez pointed out that some of the biggest Ethereum whales, holding more than 10,000 ETH each, have
The Democratic National Committee recently released its 2024 Party Platform, outlining their priorities for the upcoming election. Surprisingly, the platform did not mention anything about Bitcoin, cryptocurrency, or blockchain. Instead, it focused on issues like affordable housing and climate change. One of the key points was the proposal to tax investment income at the same
The Nigerian Federal Inland Revenue Service (FIRS) is gearing up to introduce new legislation to tax the rapidly growing cryptocurrency sector in the country. This move is seen as a significant step towards modernizing Nigeria’s regulatory framework and fostering economic growth through innovation. FIRS Executive Chairman Zacch Adedeji recently made the announcement during a session
The Lost Glitches is a card game set in a futuristic world known as the Deep Sky Network. Players are immersed in a dystopian realm where they take on the role of Glitches, spirits on a quest to reclaim their lost memories. The game’s engaging storyline and depth provide an immersive experience for players of
Hut 8 Corp. recently announced its financial results for the second quarter of 2024, revealing a net loss of $71.9 million despite a significant increase in revenue. The company reported a 72% year-over-year revenue growth to $35.2 million, driven by its expansion in both energy and Bitcoin mining operations. However, the company also reported a