DAMN’s Rise to Popularity The Shiba Inu team has released the latest edition of their magazine, featuring the new meme coin DAMN. DAMN has quickly become one of the most popular meme coins in the crypto space, with a trading volume of over $3 million within five days of its launch. DAMN’s Connection to Shibarium…
Guilty of Fraud and Obstruction Sam Bankman-Fried, the former CEO of FTX, was found guilty of fraud and obstruction of justice. Judge Lewis Kaplan said Bankman-Fried’s actions caused billions of dollars in losses to investors, lenders, and customers. Judge Highlights Severity of Crimes Judge Kaplan emphasized that Bankman-Fried’s crimes were serious and intentional. He misappropriated…
Sanctions on Gaza Now The US and UK have imposed sanctions on Gaza Now, an online platform allegedly funding Hamas, a militant group. Mustafa Ayash, the platform’s mastermind, and others involved in fundraising have been targeted. Cryptocurrency in Terrorism Financing After an attack in Israel, Gaza Now was found to accept cryptocurrency donations. The investigation…
Coinbase’s Legal Battle A recent court ruling against Coinbase has raised concerns about the future of Solana. The ruling allows the SEC to pursue its case against Coinbase, alleging that the crypto exchange has been operating illegally. Solana as a Security The judge in the case specifically mentioned Solana (SOL) as a potential security. This…
A respected trader who accurately predicted Bitcoin’s low during the 2018 bear market has given a bullish outlook for Near Protocol (NEAR). NEAR’s Bullish Surge Analyst Bluntz believes NEAR is in the midst of a five-wave surge that could drive its price close to $10. He sees a clear ABC correction followed by a breakout,…
The UK’s Financial Conduct Authority (FCA) has issued new guidelines for influencers and memes that promote financial products. What’s Changing? Influencers may now need approval from an FCA-authorized person before promoting financial products, including through memes. Why the Change? The FCA aims to combat fraud and ensure that social media promotions are “fair, clear, and…
Sanctions Evasion Allegations The US Treasury Department has accused 13 Russian companies and two individuals of providing crypto services to help Russian entities evade sanctions. Designated Entities Among the designated entities are: Moscow-based fintech firm B-Crypto, allegedly partnering with Rosbank for cross-border payments using crypto. Fintech firms Masterchain, Laitkhaus, and Atomaiz. Peer-to-peer crypto exchange Bitpapa…
Bullish Indicators on Multiple Timeframes Guy Turner, host of Coin Bureau, believes Solana (SOL) is showing bullish signs on its weekly and monthly charts. He predicts a 35-45% breakout above $300. Bitcoin Breakout Solana is also breaking out against Bitcoin (BTC), which Turner says could lead to an even higher surge, as BTC is expected…
Lack of Clarity on Ethereum’s Status Republican lawmakers have raised concerns about the Securities and Exchange Commission’s (SEC) lack of transparency regarding Ethereum’s (ETH) classification. They argue that Ethereum is a non-security asset, but the SEC’s Special Purpose Broker-Dealer (SPBD) framework does not allow for the custody of such assets. Potential Consequences The lawmakers warn…
Inside Job Turns Shocking Munchables, an Ethereum gaming platform, suffered a security breach on Tuesday, with 17,400 ETH (around $62.5 million) stolen. However, the incident took a twist when it was revealed that the attack was an inside job. Developer-Turned-Hacker Crypto detective ZachXBT traced the stolen funds to a developer working on the project. Solidity…
