Recently, Rabby Wallet, a popular crypto wallet known for its support for 141 chains and multiple signing modes, faced a serious issue with a fake mobile app. The company behind Rabby Wallet announced the launch of the beta version of its mobile app, only for users to discover that the iOS version available on the
In a strategic move ahead of the upcoming general elections, the People Power Party (PPP) in South Korea has announced plans to push for a further two-year delay in the implementation of crypto taxation. The decision to explore the delay as a key campaign promise aligns with the government and legislative consensus to prioritize regulatory
The crypto market is known for its volatility and potential for quick gains. Investors often look for micro-cap coins with the hope of finding the next big thing. However, it is important to understand the risks involved in such investments and to tread carefully in the world of shitcoins and meme coins. While Bitcoin (BTC)
The recent surge in Bitcoin open interest has been notable, with the open interest reaching historical levels not seen since 2021. According to Coinglass data, the Bitcoin open interest has soared to over $24 billion, representing a significant 50% increase since the beginning of 2024. The last time the Bitcoin open interest reached such heights
In a recent announcement, cryptocurrency exchange Binance revealed that it would be discontinuing trading and subscription services for its leveraged token offerings. This decision, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and BNB Coin. Binance plans to delist these tokens and cease redemption by April 3. The affected
Yuga Labs, a key player in the world of Web3 innovation, has recently made waves with its acquisition of PROOF. This strategic move is aimed at enhancing Yuga Labs’ position as a leader in the Web3 space. By bringing PROOF under its umbrella, Yuga Labs is not only expanding its presence but also solidifying its
Bitcoin (BTC) recently broke through the $50,000 mark, reaching levels not seen since December 2021. The cryptocurrency has continued to climb, currently trading above $51,900. Analysts at CryptoQuant attribute this surge in price to the high demand generated by recently approved spot Bitcoin exchange-traded funds (ETFs). With an estimated 75% of new investments in Bitcoin
In the last few days, the Bitcoin price has shown significant upward movement, surpassing the $50,000 mark for the first time in years. Nonetheless, a well-known crypto analyst on the X platform has raised concerns about potential bearish pressure in the near future. According to the analyst, investors should be prepared for a correction in
As the Bitcoin industry eagerly anticipates the arrival of a Bitcoin ETF, there is a growing concern that the custody of these assets may fall into the hands of traditional financial institutions like Goldman Sachs and JPMorgan. This shift towards institutional custodianship represents a departure from the original ethos of Bitcoin, which aimed to eliminate
Recently, US prosecutors filed a sentencing memo asking a federal judge to approve the plea deal involving Binance and its former CEO, Changpeng Zhao (CZ). The plea deal, which took place in November 2023, involved charges of money laundering and sanctions violations. This agreement required Binance to pay a staggering $4.3 billion in criminal penalties,