The last few years have seen an outburst of meme narratives in the crypto industry, a trend spearheaded by pioneers like Dogecoin (DOGE) and Shiba Inu (SHIB). These top crypto coins have created a flurry of millionaires and even billionaires in the sector. However, new contenders have emerged, consisting of Dogwifhat (WIF), Pyth Network (PYTH),…
A recent financial report from Streami, the parent company of Gopax, revealed that the South Korean cryptocurrency exchange experienced significant revenue growth and a notable reduction in net losses in 2023. Gopax’s Revenue Surge And Net Loss Reduction Despite challenges related to liquidity issues and regulatory scrutiny, Gopax narrowed its net loss to 51.3 billion…
The Dogecoin price has continued to trend around the $0.19-$0.2 level after encountering significant resistance from the bears at this level. This has caused a suppressed price action over the last week, stopping the meme coin’s advancement in its tracks. However, the outlook still remains bullish for the DOGE price, with crypto analysts expecting the…
John Deaton, a pro-XRP lawyer and crypto advocate, is running for a seat in the US Senate against Elizabeth Warren, known for her skepticism on cryptocurrencies, when US regulators are stepping up their enforcement actions and crackdowns on the crypto industry. Notably, Deaton’s campaign has gained significant support from industry leaders, indicating a growing demand…
The Ethereum (ETH) community has continued to eagerly await news on approving a spot Ethereum Exchange-Traded Fund (ETF) slated to occur by May. However, as the US Securities and Exchange Commission (SEC) maintains a conspicuous silence on the matter, speculation has risen on the likelihood of the approval. This speculation is further fuelled by the…
On-chain data shows that Litecoin’s long-term holders have achieved a new record: 62.5% of all LTC investors now qualify as these HODLers. There Are Now More Than Five Million Litecoin Long-Term Holders According to data from the market intelligence platform IntoTheBlock, the LTC network recently reached a new milestone in terms of its long-term holder…
According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. ASIC After Unlicensed Mining Companies…
After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US. Ahmed was also ordered to forfeit the stolen crypto and pay…
The Ultimate Fighting Championship (UFC) has landed a heavyweight deal with VeChain, a blockchain logistics firm, in a five-year partnership to the tune of $100 million. This history-making agreement marks UFC’s first-ever top-level blockchain partnership, while VeChain gains a powerful platform to reach fight fans around the world. UFC Flexes Financial Muscle This strategic alliance…
Australian prosecutors have reportedly dropped Andrew Forrest’s lawsuit against technology giant Meta over the appearance of crypto scam advertisements with his face on Facebook. This development comes as a blow to the Australian billionaire, who is hell-bent on ensuring Meta is held responsible for allegedly allowing bad actors to promote crypto scams using his image….
