Blockchain analysis firm Nansen recently revealed that DBS Bank, a prominent banking institution in Singapore, has emerged as a significant player in the world of cryptocurrency. A crypto wallet allegedly owned by DBS Bank contains a substantial amount of 173,753 Ether (ETH), with a market value of approximately $650 million. The wallet, which came under
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Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has achieved an incredible feat in recovering almost all of its customers’ digital assets after its lending arm faced bankruptcy. This recovery is being hailed as one of the most successful in the industry, setting a new standard for how exchanges should handle insolvency situations.
In a shocking turn of events, former FTX co-CEO Ryan Salame has been sentenced to 90 months in prison for his involvement in illegal political contributions and defrauding the Federal Election Commission, as well as running an unlicensed money-transmitting business. This decision was handed down by US District Judge Lewis A. Kaplan, following Salame’s guilty
Grayscale’s upcoming spot Ether exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission has sparked conversations about the potential impact it could have on the market. According to analysts at Kaiko, if Grayscale’s Ether Trust (ETHE) follows the pattern set by the Grayscale Bitcoin Trust (GBTC) in its transition to an ETF, we
The value of the Normie (NORMIE) token plummeted by 99% in just three hours after falling victim to a smart contract exploit. This exploit led to a significant drop in Normie’s market cap, bringing it down from $42 million to a mere $200,000. Following the exploit, the developers of the Base meme coin are currently
Floki Inu (FLOKI) has seen a significant rise of 20% in the past 24 hours, leading to a boost in its market cap to approximately $2.6 billion. This surge has also allowed Floki Inu to reclaim the fifth position in the meme coin sector. One of the key factors contributing to this price increase is
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
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