A new memecoin on the Solana blockchain, Book of Meme (BOME), has soared to a market cap of over $1 billion in just two days. Binance Listing Sparks Rally The surge began after Binance, the world’s largest crypto exchange, announced support for BOME perpetual futures. The coin skyrocketed from $0.0077 to $0.0268 in hours, a…
Stolen Funds and Altered Check Lindsay Aleman, a Wells Fargo customer, reported that $7,000 was stolen from her account in July. She discovered that a check she had mailed to pay taxes had been altered to a different amount and payee. Prolonged Claim Process Aleman filed a claim with Wells Fargo, but the bank claimed…
Crypto analyst Hsaka predicts a surge in the altcoin market as traders cash in on Bitcoin’s recent gains. Solana Ecosystem Soars Altcoins in the Solana ecosystem, such as Jupiter and Pyth Network, have seen a rally following Solana’s own surge. Hsaka believes this capital will now flow into other altcoins. Avalanche as a Potential Beneficiary…
El Salvador’s President Nayib Bukele has announced that the country is moving its Bitcoin holdings into cold storage. This move aims to enhance the security of the nation’s digital assets. Cold Storage for Bitcoin Cold storage involves storing cryptocurrencies on encrypted external hard drives that are disconnected from the internet. This measure protects the assets…
Prison Time Recommendation Prosecutors are seeking a prison sentence of 40-50 years for Sam Bankman-Fried, the disgraced founder of FTX. This is despite sentencing guidelines that could lead to a life sentence for the 32-year-old. The prosecution argues that a lengthy sentence is necessary to deter others from engaging in financial misconduct and to protect…
Surge in Activity A surge in memecoin trading has sent the volume on Solana’s decentralized exchange (DEX) to record highs. According to DefiLlama, Solana’s volume hit $3.8 billion on Saturday, surpassing previous records. Rising Value Solana’s total value locked (TVL) has also soared to $4 billion, indicating the growth of the crypto ecosystem. Memecoin Success…
Ethereum as the Settlement Layer Crypto investor Chris Burniske believes Ethereum (ETH) has established itself as the “trusted settlement layer for crypto assets.” While other protocols like Solana (SOL) and Avalanche (AVAX) aim to compete with Ethereum, Burniske emphasizes that “being a settlement layer is not a path to success, it’s the result of success.”…
Massive Transfer Raises Questions A massive transfer of 1 trillion Shiba Inu (SHIB) tokens, worth over $28 million, has been detected by Whale Alert. The tokens were sent from an unknown wallet to the cryptocurrency exchange Gate.io. This move has sent shockwaves through the crypto community, with speculation swirling about its implications. Shiba Eternity Game…
According to Kris Marszalek, CEO of Crypto.com, Bitcoin (BTC) is currently in a bullish phase similar to December 2020. Comparing to 2021 Rally Marszalek analyzed data from retail investors and concluded that the current market conditions resemble those of December 2020, when BTC began a surge from $20,000 to over $60,000. Recent Pullback Despite Bitcoin’s…
Nigeria’s Securities and Exchange Commission (SEC) is planning to increase the registration fees for companies that deal with cryptocurrencies (VASPs). VASP Registration Fees Starting March 15th, VASP registration fees will jump from 30 million naira ($18,841.75) to 150 million naira ($94,208.76). This means a 400% increase. Other Fees Crypto exchanges and trading platforms will also…
