The recent arrest of Aiden Pleterski, also known as the ‘Crypto King’ in Ontario, has sent shockwaves throughout the region. Pleterski, along with his associate Colin Murphy, is accused of being involved in a fraudulent Ponzi scheme that defrauded victims of approximately $30 million. This arrest comes after a 16-month investigation known as ‘Project Swan’
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Polkadot, a leading blockchain protocol, has been making significant strides in the Web3 ecosystem through strategic partnerships and innovative technological developments. The recent collaboration with Founder Institute to launch a Web3 cohort and the introduction of Asynchronous Backing for scalability are just a few examples of Polkadot’s commitment to advancing the decentralized web. Polkadot’s partnership
In a shocking turn of events, two siblings who both attended the prestigious Massachusetts Institute of Technology (MIT) have been accused of exploiting a vulnerability in the Ethereum blockchain. The alleged cyber heist resulted in a staggering $25 million being swindled in just 12 seconds, marking it as a first-of-its-kind caper. The consequences of these
In the recent trading week, Bitcoin saw a significant increase in its price, reaching its highest price tag in nearly a month at over $67,000. The cryptocurrency had retracted to just over $60,000 but managed to defend that support level over the weekend. On Monday, Bitcoin started climbing again, surpassing $63,000. Despite a brief retracement
Magic Square has introduced Magic Launchpad, an Initial DEX Offering (IDO) platform that is set to revolutionize fundraising for early-stage projects. With an impressive 4.5 million unique user wallets and a thriving community-driven platform boasting over 1400 registered projects, Magic Square is well-equipped to provide innovative solutions for growth hacking, brand awareness, user acquisition, and
The recent crackdown by Chinese police forces on a large underground banking operation has shed light on the illicit use of the popular stablecoin Tether (USDT) in facilitating transfers totaling up to 13.8 billion yuan ($1.9 billion). The operation, headed by a criminal gang linked to the Chinese import and export business, used USDT to
In recent days, the cryptocurrency market has experienced a surge in prices, with Bitcoin leading the pack. The price of Bitcoin rose from $61,000 to over $67,000, marking a significant increase in value. This sudden spike in price has generated a lot of interest and speculation in the cryptocurrency community. One of the main factors
The Mollars (MOLLARS) ICO for the upcoming store of value altcoin in 2024 is gaining momentum at a rapid pace, with funds raised quickly approaching US$1,500,000. The ICO has already reached 72% completion, leaving a mere 28% of the tokens designated for the presale still available for purchase. This new altcoin has captured the interest
Bitcoin’s price surged by 2.9% on Friday, surpassing $67,000 for the first time since April 24. This upward movement is primarily attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin’s price is influenced by various factors, one of which could be the increased supply of a specific
One of the key factors that could potentially lead to Dogecoin overtaking Ripple’s market cap is the powerful influence of Elon Musk. With his massive credibility and publicity, Musk has been a vocal supporter of Dogecoin, which has significantly boosted its popularity and value. On the other hand, Ripple lacks a similar high-profile champion, which