The recent hacking of Tom Holland’s Instagram account, with over 7 million followers, has raised significant concerns. The attackers utilized his platform to promote a fraudulent cryptocurrency and NFT scheme, which could potentially mislead and deceive his fans. By announcing a partnership with Binance and launching fake “Spiderverse” tokens, the hackers aimed to take advantage
Crypto
Ethena is a synthetic dollar protocol built on the Ethereum blockchain. The protocol issues a stablecoin known as USDe, which is pegged to the US dollar. Since its launch, USDe has experienced rapid growth, with its market capitalization surpassing $2 billion in a relatively short period of time. This success has made USDe the fifth-largest
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by the Securities and Futures Commission (SFC) was seen as a significant milestone for the city-state’s ambition to become a central hub for digital assets. However, Bloomberg ETF analyst Eric Balchunas has raised concerns about the market’s potential performance compared to
The unfolding scandal involving Binance executive Nadeem Anjarwalla has taken a new turn with his extradition from Kenya after escaping custody in Nigeria. The manhunt initiated in Nigeria eventually led the authorities to Kenya, where Anjarwalla’s whereabouts were finally discovered. The Nigerian government, in collaboration with Interpol and Kenyan authorities, is now working towards extraditing
Bitcoin (BTC) has the potential to reach substantial price targets, with projections ranging from $91,000 at the bottom of a bear market to $650,000 at the peak of a bull cycle. These estimates are based on the full deployment of the cryptocurrency’s exchange-traded funds (ETFs) in the near future. According to Bitcoin analyst Willy Woo,
Bitrace, a data analysis company in Hong Kong, has taken significant steps to combat cryptocurrency-related crimes in the region. One of the key initiatives undertaken by Bitrace is to organize training sessions for members of the Hong Kong Police Force. These sessions focus on on-chain fund tracking, providing valuable insights and methods to investigate cryptocurrency-related
Recently, Ripple’s XRP faced a significant drop of 20% in response to a market downturn that saw the global cryptocurrency market capitalization drop to $2.4 trillion. This decline led to multi-million liquidations, especially impacting long traders. Despite the drop in XRP’s value, some analysts believe that this presents a buying opportunity rather than a reason
In 2023, while venture capital activity declined overall, funding for Bitcoin startups saw a significant increase. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals grew by 360% last year, with the total number of funded Bitcoin companies rising by 56.9%. TVP defined a “Bitcoin native company” as one
Bitcoin Layer 2 solutions have gained significant momentum in the cryptocurrency space, aiming to improve scalability and transaction efficiency on the Bitcoin blockchain. However, recent criticisms from industry experts have shed light on the potential drawbacks and risks associated with these solutions. The criticisms of Bitcoin Layer 2 solutions, as highlighted by Mempool founder Mononaut,
Over the weekend, Bitcoin experienced a significant drop in its price, falling by five thousand dollars to a multi-week low of around $61,000. This decline was exacerbated by escalating tensions between Iran and Israel, causing widespread unease in the cryptocurrency market. Just days before, Bitcoin was trading above $70,000, but a series of events led