The Securities and Futures Commission (SFC) in Hong Kong recently issued a warning to the public regarding suspicious websites attempting to impersonate licensed crypto exchanges in the city-state. This fraudulent act has caused concern among investors who have fallen victim to these deceptive platforms. Users have reported issues such as the inability to withdraw funds
In recent years, the cryptocurrency industry has witnessed the rise of niche asset classes during bull markets. From NFTs to meme coins, these unique digital assets have taken the market by storm. As the latest bull cycle seems to have already begun, with Bitcoin and other cryptocurrencies experiencing significant price increases, the question on everyone’s
In the world of blockchain gaming, NFT Worlds faced a major setback when Minecraft banned NFTs in 2022. This decision forced the project to reassess its strategy and eventually led to a complete rebranding, resulting in the birth of Hytopia. The ban by Minecraft disrupted the operation of NFT Worlds, which had seen considerable success
The past week has been nothing short of remarkable in the world of NFTs, with Bitcoin leading the way in record-breaking sales. The Bitcoin network alone recorded over $162 million in transactions, marking a significant 76% increase from the previous week. This impressive performance has solidified Bitcoin’s position at the forefront of the NFT market,
Bitcoin has recently experienced significant increases in price, surpassing $62,000 and causing speculation about the potential start of a major bull run. The cryptocurrency market has been abuzz with excitement as the price of Bitcoin continues to climb, surprising naysayers and thrilling enthusiasts. Despite the current price surge, there are several key factors and upcoming
The recent collaboration between Ilya Lichtenstein, infamous for looting millions of dollars from Bitfinex, and federal prosecutors sheds light on the underground world of cryptocurrency money laundering. Lichtenstein, who previously pleaded guilty to money laundering charges, is now aiding authorities in building a case against Bitcoin Fog, a popular crypto mixing service used by dark-web
Binance, a major cryptocurrency exchange, is currently facing legal troubles in Nigeria after its recent settlement with the U.S. Department of Justice. The House of Representatives Committee on Financial Crimes in Nigeria has issued an ultimatum to Binance CEO Richard Teng, requesting his appearance before the committee by March 4. The committee’s chairman, Ginger Onwusibe,
Bitcoin’s recent surge to $64,000 has ignited concerns among traders and analysts as on-chain indicators start to signal a potential overheating of the market. According to a recent report from market intelligence firm CryptoQuant, indicators such as the rising unrealized profit margin for traders and the high cost of opening new long positions in perpetual
Recent data from cryptocurrency exchanges has shown a significant bullish sentiment among Ethereum traders. According to IntoTheBlock, a whopping $906 million worth of Ethereum was withdrawn from exchanges last week. This withdrawal trend indicates that investors are adopting a holding mentality, moving their ETH into private wallets for long-term storage. This behavior suggests that traders
In the world of cryptocurrency, meme coins have recently dominated the headlines with staggering gains. While Bitcoin has experienced a slight setback, meme coins like Dogwifhat (WIF) have skyrocketed in value. The total crypto market cap has seen a minor decline on a daily scale, but over the past week, it has surged by over