Crypto news

The surge in meme coins significantly contributed to Tron’s record revenue of $151.2 million in Q3 2024. According to a report by Messari, the latest figure marks a 29% increase from the previous quarter. This growth can be largely attributed to the launch of SunPump, a platform designed specifically for launching meme coins. Activity on SunPump started to surge on August 16 and escalated dramatically in the following two weeks. Between August 16 and August 31, Messari...

Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions According to court documents, Tomar and his co-conspirators executed the fraud by “spoofing” a website designed to...

The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume. A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT and USDC now represent roughly 50% of the total transaction volume among major cryptocurrencies. IntoTheBlock’s analysts...

U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto In an October 14 release, the Harris campaign promised their candidate would create a conducive crypto...

TL;DR Shiba Inu teamed up with Mass Finance to enhance its ecosystem with AI-driven legal and fiscal solutions. The partnership aligns with SHIB’s 4% weekly price increase, supported by market revival and increased token burns. The Latest Partnership The meme coin project shook hands with the AI-powered platform Mass Finance, which aims to simplify business setup and growth, particularly for startups, funds, and incubators. It offers legal, fiscal, and banking tools in one...

Sui Foundation, the non-profit organization behind the layer-1 blockchain and ecosystem, has debunked allegations of insiders selling $400 million worth of the network’s native token, SUI since the asset began its remarkable rally. According to a tweet from the foundation, the wallet address involved in the sales likely belongs to an infrastructure partner, and the token releases align with Sui’s lockup schedule. $400M SUI Insider Trading Allegations On October 14,...

[PRESS RELEASE – SEOUL, KOREA, October 14th, 2024] In a remarkable rise, the Korean-origin K-Meme, Pepe Buldak, has exceeded $1 million in presales in less than a month, capturing widespread attention. This meme coin has set itself apart from other projects with its automatic staking reward system and a policy of offering 5x rewards, which has significantly boosted its popularity. Pepe Buldak is planning to introduce its ‘Open Franchise’ service by launching offline stores...

[PRESS RELEASE – DUBAI, United Arab Emirates, October 15th, 2024] WSOT 2024 partners with the world’s top crypto ecosystem players, offering traders access to exclusive content, Web3 engagement, and a chance for incredible prizes. DUBAI, United Arab Emirates, October 14, 2024 — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially opened registration for traders worldwide for the World Series of Trading (WSOT) 2024. Now in its fifth...

Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange following the asset’s approval in the U.S. market. The Monochrome Ethereum ETF (IETH), which will begin trading on Monday, October 14, offers Australian investors a new way to access the cryptocurrency. Details Of The New Offering “Monochrome hosted a private event in Sydney this week with our service providers, team, and partners to mark the...

A man is suing Newport Council for nearly 500 million pounds to recover 8,000 Bitcoin (BTC), which he claims he lost due to a mix-up that led to his hard drive being disposed of at a recycling center in 2013. James Howells has filed the lawsuit as a “last resort” after more than ten years of what he describes as being “largely ignored” by the council. The Lost Bitcoin According to local media reports, Howells is seeking just under half a billion pounds, which translates to...