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Ethereum (ETH)

Pepe Unchained Surges to $8.7M in Presale as Layer-2 Meme Coin Gains Momentum

Just when it looked like the meme coin craze was cooling off, along comes Pepe Unchained. This new Layer-2 project has raised over $8.7 million during its presale – leaving investors scrambling to get a piece of the Pepe Unchained (PEPU) action. Pepe Unchained – The Lightning-Fast Layer-2 Network for Meme Coins So, what’s all the hype around Pepe Unchained? It’s a meme coin with a twist – the developers are building their own Layer-2 network. Think of it as an express lane...

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BestChange Unveils AML Analyzer: Enhances Crypto Security and Compliance

[PRESS RELEASE – Gurgaon, India, August 14th, 2024] BestChange, the leading exchange monitor, proudly introduces its state-of-the-art AML Analyzer tool. Designed to increase the security and compliance of cryptocurrency transactions, this new tool empowers users to ensure that cryptocurrency addresses comply with international anti-money laundering standards (AML) before sending or receiving payments. In today’s environment of increased regulatory scrutiny, ensuring that your...

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Defunct Canadian Crypto Exchange Went Under Due to Founder Gambling Away Assets

The Canadian regulator is going after Smillie as the only defendant in this case. He misappropriated about one-third of funds entrusted by users on his platform, which amounted to at least 935.46 BTC and 159 ETH. ezBtc, a crypto exchange operational between 2016 and 2019, was dissolved in 2022 due to customers being unable to withdraw their assets. The British Columbia Securities Commission (BCSC) revealed that the exchange’s founder, David Smillie, gambled away 13 million Canadian Dollars,...

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South Korean Tech CEO Byun Young-oh Arrested for Perpetrating Crypto Fraud

Byun Young-oh, CEO of the South Korean technology firm Wacon, has been arrested for his alleged role in a massive Ethereum-based scam. The scheme defrauded over 500 investors, totaling around $366 million. Byun, along with an alleged accomplice named Yeom, face serious fraud charges. Currently, both are in custody and will be tried by the Fifth Criminal Division of the Seoul Central District Prosecutor’s Office. Based on the iNews24 report on 12 August 2024, the scam was associated with...

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Ethereum Leads Market Recovery with $155M Inflows Amid Recent Downturn

Ethereum has seen the greatest advantage from the recent market downturn as investors appeared to have viewed the price weakness as a buying opportunity. In fact, data suggests that Ethereum has managed to attract $155 million in inflows over the past week. According to CoinShares, the latest round of inflows boosted its year-to-date total inflows to $862 million, the highest since 2021, primarily fueled by the recent introduction of US spot-based ETFs. Inflows Rebound...

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Futures Market Data Suggests Ethereum (ETH) Could Rally Soon: CryptoQuant

A CryptoQuant analyst says Ether (ETH) could experience a rally soon, as shown by metrics in the cryptocurrency’s futures market. According to a post by the analyst, Shayan, ETH has just witnessed a significant liquidation event, and historically, such occurrences are often followed by price rallies as markets stabilize and spot buying pressure dominates. ETH Could Rebound Soon Earlier this month, ETH price took a downward trajectory, causing the crypto asset to lose almost...

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