In a recent development, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his role in a fraudulent cryptocurrency scheme. The scheme, known as the OneCoin cryptocurrency fraud, involved the laundering of $400 million. The Manhattan federal prosecutors successfully convicted Scott of conspiracy
In the ever-evolving world of cryptocurrencies, one project stands out for its bold vision and sustainable focus. Meet eTuktuk, a groundbreaking startup that aims to revolutionize urban transportation in developing countries. By transitioning from polluting gas engines to eco-friendly electric vehicles, eTuktuk plans to reduce the carbon footprint of the popular auto rickshaws, known locally
The recent announcement of the US government’s plans to offload a significant portion of its Bitcoin (BTC) holdings has sparked concerns within the crypto community. The move is seen as potentially adding more selling pressure to an already fragile crypto market. The Department of Justice (DOJ) has indicated its intention to dispose of over $130
Ethereum, the second-largest cryptocurrency by market capitalization, is poised for a potential bullish phase according to Michael van de Poppe, a prominent crypto analyst. One of the key factors he identifies is Bitcoin’s current behavior. As the market leader, Bitcoin’s recent signs of bottoming out tend to precede altcoin rallies, which hints at a potential
In the world of cryptocurrencies, Cardano (ADA) stands out from its contenders due to its unique approach that emphasizes “academic rigor” and “research-driven development,” as highlighted in a recent video from the crypto-based YouTube channel Cheeky Crypto. Unlike many other blockchain platforms, Cardano has developed its proof-of-stake (PoS) blockchain platform using a methodical and evidence-driven
The future of web3 social media platforms is a topic that has gained significant attention in recent years. With the increasing popularity and adoption of cryptocurrencies, blockchain-powered social media networks are steadily emerging as the next big thing in digital networking. But what does web3 social media really mean? How does it differentiate itself from
Changpeng Zhao, also known as CZ, is the founder of Binance, one of the most prominent cryptocurrency exchanges in the world. However, CZ’s journey has been filled with setbacks and legal challenges. In this article, we will delve into the recent obstacles faced by CZ, including his failed attempt to travel to the United Arab
The ever-increasing levels of greenhouse gas emissions have become a pressing global concern, as they continue to fuel the ongoing climate crisis that brings death and devastation worldwide. Recent data from the National Oceanic and Atmospheric Administration (NOAA) has revealed that carbon dioxide, methane, and nitrous oxide levels in the atmosphere have reached all-time highs
The cryptocurrency market has been experiencing a bearish sentiment recently, causing concern among investors and traders. However, one crypto analyst, Elja on X, believes that Ethereum (ETH) will defy the current downtrend and reach an astonishing $15,000 by 2025. This bold prediction is based on technical analysis and the observation of a similar fractal pattern
The Cardano network has once again proven its skeptics wrong by achieving a new milestone. Recent data from Cardano Blockchain Insights has revealed a significant increase in the usage of Cardano’s Plutus V1 and V2 scripts. Surpassing all expectations, a total of 24,050 smart contracts have been executed using these Plutus scripts as of January