Tag Archives: social

In compliance with regulatory requirements, OKX said that it would discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. OKX attributed the decision to withdraw its virtual asset service provider (VASP) license application to a “careful consideration” of its business strategy, however, the exchange did not provide further details or specific reasons behind this move. OKX Retreats from Hong Kong In its official blog post...

Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer” with the same Web3 blockchain properties as Bitcoin has for storing cash and making payments. Cardano was launched on September 23, 2017 by initial coin offering (ICO)...

Kabosu, the Shiba Inu who became a global internet sensation as the face of the “Doge” meme, passed away on May 24 at the age of 18, her owner, Japanese kindergarten teacher Atsuko Sato, confirmed on Instagram. The beloved dog, known for her iconic expression and the humorous captions that accompanied her photos, captured the hearts of millions worldwide and became a symbol of the whimsical and endearing nature of internet culture. “Kabosu is at rest now,” Sato wrote in a...

Bitcoin’s price experienced some enhanced price fluctuations in the past few days, going down to under $66,500 before jumping to just over $69,000 last night. The altcoins are also slightly in the green on a daily scale. UNI has taken the main stage with a massive 20% surge that has driven it to over $10, while PEPE has charted another fresh peak. PEPE New ATH, UNI Skyrockets The most important news in the cryptocurrency industry this week came from the US Securities and...

Spot Bitcoin ETFs had some hard times at the end of April and especially on May 1, but the trend has changed now with 10 consecutive days of positive flows. This comes as BTC’s price went on a rollercoaster propelled by the news surrounding the Ethereum ETFs, but the asset now heads toward $69,000. The cryptocurrency industry saw a massive milestone in January when the US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs after a decade...

Bloomberg exchange-traded fund (ETF) analyst James Seyffart believes a Solana ETF would see more demand than similar funds for other altcoins, except ether (ETH). Seyffart’s statement was in response to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said Solana ETFs were next in line following the approval of Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Solana ETF to See Heavy Demand The chances of the SEC approving a...

A confidential United Nations report obtained by Reuters reveals that North Korea’s notorious cybercriminal group known as the Lazarus Group transferred millions of stash of stolen cryptocurrency back to the Asian country last year. In March 2023, these North Korean hackers illicitly took $147.5 million worth of cryptocurrency from HTX, a crypto exchange owned by TRON founder Justin Sun. A year later, they funneled the funds into the isolated nation using the sanctioned...

Ontario’s self-styled ‘Crypto King,’ Aiden Pleterski, was arrested and accused of fraud and money laundering related to an alleged Ponzi scheme following one of the most extensive fraud investigations the region has witnessed. The 25-year-old, along with his associate, 27-year-old Colin Murphy, allegedly stole approximately $30 million from unsuspecting victims. Crypto King’s Arrest The charges stem from a 16-month investigation known as ‘Project Swan’ conducted by Canadian...

Two siblings who attended the Massachusetts Institute of Technology (MIT) are now facing allegations of exploiting a vulnerability in the Ethereum blockchain. The duo reportedly swindled $25 million within 12 seconds, which the prosecutors labeled as a first-of-its-kind caper. If convicted, both of them could potentially serve sentences exceeding 20 years in prison. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing federal charges in Manhattan for fraud and...

The price of bitcoin (BTC) has surged past the $60,000 level to the $67,000 zone due to news of a lower-than-expected inflation rate in the United States. According to the latest CryptoQuant weekly report, bitcoin’s latest rally has also been sustained by a recent decline in selling pressure. However, demand for the cryptocurrency has yet to pick up. Bitcoin Selling Pressure Declines The fall in BTC selling pressure can be seen in the on-chain activity of short-term holders...