Crypto.com, a prominent cryptocurrency exchange headquartered in Singapore, has recently joined forces with Standard Chartered, a major global banking institution, to provide fiat services to retail users worldwide. This partnership signifies a significant development in the cryptocurrency industry as it bridges the gap between traditional banking and digital assets. Enhancing Accessibility and Functionality Through the
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Recent findings from TRM Labs have revealed a troubling trend in the world of cryptocurrency ATMs. These cash-to-crypto services have been found to have processed at least $160 million in illicit volumes since 2019, with the proportion of illicit transactions at these ATMs reaching 1.2% in 2023. This is significantly higher than the 0.63% of
The demand for bitcoin (BTC) in the United States has experienced a surge following comments made by Federal Reserve chair Jerome Powell at the recent Jackson Hole symposium. Specifically, BTC has seen a notable increase in demand from U.S. investors, as reflected in the rise of the Coinbase Premium to 0.11%, its highest level since
The year 2024 has not been kind to Bitcoin, despite the initial excitement surrounding the cryptocurrency. Although Bitcoin managed to surpass its all-time high from 2021 early in the year, reaching an impressive peak before the scheduled halving in March, it has struggled to maintain momentum towards the much-anticipated $100,000 mark. The factors contributing to
The U.S. Securities and Exchange Commission (SEC) recently unveiled a massive Ponzi scheme run by two brothers, Jonathan Adam and Tanner Adam. The brothers managed to defraud over 80 individuals by falsely claiming to operate a crypto bot that offered a monthly return of 13.5% to investors. Between January 2023 and June 2024, the Adams
In recent news, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, stirring up conversations within the cryptocurrency community. He moved 800 ETH, valued at around $2.01 million, to a multisig wallet. Following this transfer, a portion of the ETH was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. This movement
Centralization in the cryptocurrency market poses a significant threat to the decentralized nature of the industry. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have come under scrutiny for the high concentration of holdings among the top wallets. For example, Polygon’s top ten wallets control a staggering 69.4% of its total market capitalization, making it
The past week has been a wild ride for bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week strong, rising above $64,000 after bullish developments in the US, including hints of interest rate cuts by Fed Chair Jerome Powell. However, the weekend was quiet for bitcoin, despite turmoil in the crypto market
Floki Inu (FLOKI) recently experienced a drastic decline of close to 20%, resulting in its position dropping among the top 5 meme coins in the market. The current trading price of FLOKI stands at approximately $0.0001272, with a market capitalization of $1.23 billion. As a result of this downturn, Bonk Inu (BONK) has overtaken FLOKI
Recently, Elon Musk, the CEO of Tesla Inc., successfully had a high-profile $258 billion lawsuit thrown out. The lawsuit accused him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit was filed in June 2022 by a group of disgruntled investors who claimed that Musk and Tesla used