Crypto news

Marathon Digital Holdings, a global crypto-focused platform, announced that its mining operations for Kaspa have yielded approximately $15 million worth of KAS since they commenced last September. The company states that the decision to mine Kaspa was part of its strategy to diversify its mining operations. Marathon Mining Kapsa In the statement released on Wednesday, Marathon Digital mentioned that since the dawn of their Kaspa mining operations, they have already mined...

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, hit a significant milestone with its recently launched incentivized testnet “Odyssey,” reaching 100,000 connected wallets and over 17 million transactions in the buildup to a mainnet launch. Backed by Cypher Capital, a multi-strategy crypto investment firm, Sonic’s latest fundraise allows it to expand its ecosystem in the leadup to the mainnet launch...

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] PinEye launches an innovative platform that combines gaming entertainment with community-driven engagement and fosters a sense of belonging. By leveraging cryptocurrency rewards, it offers its users a unique opportunity for financial empowerment. It will develop in phases to arrive at its final goal of creating the biggest community of decentralized financial interactive charity platforms to empower people in both the spiritual...

A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into...

American influencer Logan Paul has filed a defamation suit against Coffeezilla, real name Stephen Findeisen, a YouTuber covering various scams on his channel. He made a series of videos in 2022 that shined light on Logan’s failed CryptoZoo project, a game that was to incorporate cryptocurrencies, NFTs, and other on-chain elements. Many of its investors had their investments crash—Logan sold the project’s NFTs to them, which would find utility in CryptoZoo. However, the game’s development was...

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers. The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume. NFT Volumes Downward Momentum According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in...

Two men have been sentenced for manipulating the price of Hydrogen Technology’s cryptocurrency, HYDRO, and scheming to defraud investors. This case marks the first time a jury in a federal criminal trial has classified a cryptocurrency as a security and found that price manipulation of cryptocurrency constitutes securities fraud. $300M HYDRO Crypto Fraud Scheme Court documents and trial evidence revealed that Kane, the co-founder and CEO of Hydrogen Technology, and Hampton,...

Bitcoin’s (BTC) market sentiment recently turned to “fear,” the lowest it has been in 18 months! This critical market positioning has raised the alarm in the broader crypto space as crypto investors speculate on Bitcoin’s (BTC) future trajectory and the subsequent impact on altcoins.  Conversely, RCO Finance (RCOF) and Kaspa (RCOF) have shown great potential, generating 582% bullish rally predictions.  Keep reading to learn about the market performance of these cryptocurrencies and how...

Losses from hacks and rug pulls in 2024 year-to-date amount to over $473 million across 108 incidents, according to Immunefi’s latest data. This marks a 20% decrease compared to the same period in 2023, which saw losses of more than $595 million. In May 2024, victims of hacks and fraud lost $52.4 million across 21 incidents, a 12% decrease from May 2023’s losses of almost $60 million and a 28% decrease month over month. The crypto bug bounty platform’s report observed that a...

The first half of 2024 has ended, and on-chain experts have compiled data to determine the profitable sectors so far in the year. According to coverage from independent crypto reporter Colin Wu, memecoins became the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Memecoins Emerges as Most Profitable Wu analyzed the price return rate of the top ten tokens by market cap in each sector using data from CoinGecko by...