Crypto news

New research by the cybersecurity reporters at 404 Media has uncovered a new tool named OnlyFakes that reliably generates fake IDs capable of bypassing KYC providers’ checks with relative ease. The fake documents can be generated with or without a background, which would suggest it is a picture that was just taken by a user going through an ID verification process. Allegedly, several hundred fake documents can be produced at once using Excel batches. OnlyFakes Claims to Be...

Digital Currency Group (DCG) has filed a motion objecting to the bankruptcy plan proposed by Genesis Global Capital, its subsidiary, citing violations of the Bankruptcy Code. The objection – lodged on February 5th – asserts that Genesis’ plan exceeds the legal entitlements of its customers, potentially favoring a select group of creditors while stripping DCG of its rights. Instead of adhering to US bankruptcy laws, the venture capital firm said that Genesis has suggested...

[PRESS RELEASE – New York, USA, February 6th, 2024] Frax Finance is among the 1st to adopt no-code Interchain Tokens Axelar network’s Interchain Token Service (ITS) is now live on mainnet and permissionlessly available, allowing any ERC-20 token issuer to create Interchain Tokens with the click of a button. Interchain Tokens move freely to EVM-compatible blockchains selected by the issuer (up to 15 at present) maintaining the full fungibility and custom functionality of...

A cryptocurrency trader has profited more than a million dollars from a less than $100,000 purchase of the just launched Pandora (PANDORA) token. According to a tweet by market analytics platform LookOnChain, the trader’s purchase recorded gains after two days. The price of #Pandora, the first token built on the #ERC404 token standard, has now risen to over $8,600. A trader has made a total profit of ~$1.2M on #Pandora in just 2 days! The trader spent 97,484 $USDT to buy 154...

CoinspeakerOrigin Ether Leads Liquid Restaking Rally on PrimeStaked with over $20M Locked in One Day PrimeStaked does not charge fees on XP or EigenLayer Restaked Points. This means that holders receive 100% of their rewards until further notice. Origin Ether Leads Liquid Restaking Rally on PrimeStaked with over $20M Locked in One Day

A former developer at Terraform Labs, known only as “Lee,” reportedly took the stand on Monday at the 14th Criminal Division of the Seoul Southern District Court, testifying against the company’s co-founders, Kwon Do-hyeong and Shin Hyun-seung. The witness, formerly a leader within the Terra development team, provided crucial testimony against Terra founder Do Kwon and Terraform Labs co-founder Shin Hyun-seung. Lee’s Testimony According to a local media outlet report, Lee...

The cryptocurrency industry is in a state of constant development and improvement, with various protocols emerging to take the spotlight regularly. That said, Farcaster is a. hot topic amongst crypto enthusiasts. In the first quarter of 2024, the protocol has seen an influx of new users as applications built on it are skyrocketing in popularity. The following guide takes a closer look at what Farcaster is and some of the more popular applications built on top of it. We also...

CoinspeakerSOL Price Dips below $94 after Solana Network Outage At the time of writing, the network was still down amidst a call for validators to install the new software batch before restarting the network. SOL Price Dips below $94 after Solana Network Outage

Dogecoin’s price has found significant resistance from the $0.08 level despite a brief upward breakout. The OG meme coin’s trajectory hasn’t been in tandem with the rest of the crypto market. This, however, has not stopped the network from witnessing growth across various metrics. Dogecoin Sees Increased Network Activity Dogecoin’s value has declined by 23% since its local peak on December 9th. Despite this, the number of wallets holding >0 DOGE is growing at a record pace...

CoinspeakerBifrost Launches BTCFi, Native Staking Option for Bitcoin Holders BTCFi comes when the overall market sentiment surrounding crypto, particularly Bitcoin, is overly positive. The foremost crypto asset is expected to undergo its four-year halving event in April 2024. Bifrost Launches BTCFi, Native Staking Option for Bitcoin Holders