The fusion of social media and finance has given rise to a new phenomenon known as SocialFi. This innovative concept is reshaping the way users interact with social networks by providing more control and opportunities for profit. The integration of decentralized finance (DeFi) into social media structures is empowering content creators and users alike, creating
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Toncoin (TON), the native token of The Open Network blockchain, has been gaining significant attention in the cryptocurrency market. According to the latest analysis by CryptoQuant, TON has outperformed Bitcoin by 118% since the beginning of 2024. The on-chain analytic company has found that while US traders are bullish on TON, European traders have shown
The Worldcoin project has once again been met with a setback, this time from Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD). The PCPD ordered the Worldcoin Foundation to cease all its operations in the region due to violations of local privacy regulations. Specifically, the agency found that Worldcoin
Recently, Coinbase, a leading US-based cryptocurrency exchange, partnered with industry giants Meta, Ripple, Gemini, Kraken, Match Group, and GASO to launch a new initiative known as ‘Tech Against Scams’. This coalition is dedicated to combating online fraud and financial schemes, with a focus on educating and protecting users. They emphasize that scams are not limited
After reaching a high of $71,000 following the Ethereum ETF approval news, the price of Bitcoin has since cooled off. The premier cryptocurrency witnessed a correction to $67,000 and seems to be consolidating in this range. It’s essential to monitor the market closely to see if this consolidation will lead to further price movements. Bitcoin
The recent approval of the Ethereum Spot ETF has sparked discussions around its potential performance in comparison to Bitcoin-based ETFs. According to Bloomberg ETF analyst James Seyffart, the Ethereum spot ETFs are expected to attract only 25% of the demand seen by their Bitcoin counterparts. This prediction is based on various factors, including significant differences
Fourteen years ago, the value of 10,000 bitcoins (BTC) was equivalent to just two pizza boxes. This iconic moment is celebrated on Bitcoin Pizza Day, which falls on May 22. The day commemorates when programmer and early BTC adopter Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC in 2010. At that time, the
Bitcoin had a rollercoaster week, experiencing both gains and losses driven by hype surrounding the approval of spot Ethereum ETFs in the United States. The week started off with Bitcoin struggling to maintain its value above $66,000, slipping beneath this level on multiple occasions. However, the highlight of the week came on Monday when news
The cryptocurrency market has been experiencing a concerning trend with the emergence of tokens launching with high valuations and limited initial circulating supply. This practice has raised questions about the sustainability of potential gains for traders following the token generation event (TGE). Recent research from Binance has shed light on this issue, revealing a growing
A recent incident has shed light on the illegal activities taking place on the dark web. A Taiwanese national, Rui-Siang Lin, has been accused of running a darknet drug marketplace called Incognito Market. This platform has facilitated transactions amounting to over $100 million in cryptocurrencies by selling dangerous substances like fentanyl. Lin, operating under the