Markets

TRM Labs, a leading blockchain analysis firm focused on preventing cybercrime, has released a comprehensive report on the illicit sums lost to bad actors in the crypto space in 2022. The figures are quite notable, especially given the declining prices and interest in the market last year. Improved Cybersecurity Measures In spite of the plummeting value of various digital assets due to crypto winter and the myriad collapses that accompanied it, the number of scams and thefts...

There is an evident pattern in the crypto market when it comes to Meme tokens like Doge, Shiba, and Pepe. They all have a hype that only a few cashed on, and the rest are trying to onboard the passed bus. Unlike them, utility tokens tend to come with slower growth, less hype, but also with long-term potential. Utility vs Meme Tokens In the world of cryptocurrencies, the clash between utility tokens and meme tokens has captured significant attention. Meme tokens, like ike...

The meme coin landscape is continuing to evolve every week, creating an abundance of opportunities for dramatic gains. One token garnering significant attention from the masses is Thug Life ($THUG), a new and culturally resonant project in the meme coin space. Given its unique value proposition and appealing tokenomics, there’s a growing consensus among low-cap crypto traders that $THUG could be the next big meme coin once it makes its open-market debut. Unique Hip-Hop Themed...

A low-profile but highly influential senior executive at Binance has spoken out as the company begins legal battles against two top market regulators in the United States. Yi He, who boasts a massive fortune as one of the company’s early shareholders, has also had children with Binance CEO Changpeng Zhao (CZ). The SEC Lawsuit He spoke to Bloomberg in a series of interviews – one of which took place in Dubai last month, shortly before the Securities and Exchange Commission...

Bitcoin went on a short-lived roller-coaster yesterday but has reclaimed $30,000 after dumping to a 10-day low. Yet, its dominance over the altcoins has declined a lot on a daily scale, as some, such as LTC, LDO, VET, and BSV, have shot up. BTC’s Dump and Pump After last week’s massive price surge, which drove bitcoin from $26,500 to over $31,000 at one point, the cryptocurrency had calmed and remained in a tighter range between $30,000 and $31,000. It tried to overcome the...

Coinbase’s developed Layer 2 network – Base – is gearing up for a mainnet launch. Since its deployment on testnet earlier this year, Base has already met 4 out of 5 of the criteria for the upcoming event while giving security the top-most priority in its goal to attract the next million developers and a billion users on-chain. As such, the team tasked with protocol security has doubled down efforts to improve the security of Base and Optimism over the last six months. The...

American multinational investment giant – Citigroup Inc. – is reportedly reviewing its partnership with Metaco. The Swiss firm, which specializes in crypto custody for institutional investors, had partnered with Citi a year back to develop and pilot the latter’s digital asset custody capabilities. The latest development comes amidst tumultuous market conditions that have significantly strained the relationships of traditional financial firms that tapped into the digital...

Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect to receive their assets denominated only in the top two cryptocurrencies by market cap.  According to Bankruptcy judge Martin Glenn, Celsius “may sell or convert any non-BTC and non-ETH cryptocurrency, crypto tokens, or other cryptocurrency assets other than such tokens that...

One issue facing many new cryptocurrency projects in 2023 is that they set a large hard cap target for their presale fundraising stage, then launched with a high market capitalization by the time of their IEO or IDO. Crypto presales that have several price stages of incentivizing early buyers with a discount also add to that problem – inflating the market cap and FDV further and causing the common ‘ICO dump’ chart pattern in which early investors dump their coins on the...

A lot can change in the cryptocurrency industry within a week, and the waves indeed fluctuated in the past seven days. The market rejoiced recently as several multinational financial giants filed for a Bitcoin Spot ETF, but the tides could be turning now, according to a WSJ report from Friday. Let’s unpack. BlackRock shook the crypto market two weeks ago when it filed an application to release a BTC Spot ETF in the States, which would make it the first such product...