After a record high in March, Bitcoin has struggled to maintain its momentum. However, a recent surge has sparked a shift in sentiment. Bullish Sentiment on the Rise According to Santiment, a crypto analytics firm, Bitcoin’s sentiment has turned bullish after its recent rally above $67,000. This is based on their Weighted Sentiment metric, which…
The Masterminds The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li (42) and Yicheng Zhang (38), for laundering $73 million in cryptocurrency scams known as “pig butchering.” The Scam In pig butchering scams, fraudsters trick victims into investing in fake cryptocurrency schemes. Once the investment is large, the scammers disappear with…
The crypto world is still struggling with transparency, and a recent donation has raised concerns. The Donation Notcoin, a new game on Telegram, sent $6.8 million worth of its own tokens to Telegram founder Pavel Durov. They claimed it was a “thank you” for Telegram’s support of crypto. Lack of Transparency But there’s a catch:…
After years of waiting, Bitcoin ETFs (exchange-traded funds) are finally here. But do we really need them? Centralization Concerns One major concern is the centralization of Bitcoin ETFs. With big players like BlackRock involved, it raises questions about the future of the decentralized nature of Bitcoin. User-Friendliness Challenges Despite the growth of cryptocurrencies, mainstream adoption…
Suspicious Phone Call Leads to Fraud An Ohio family lost $22,000 from their JPMorgan Chase account after receiving a suspicious phone call. Michelle Kalista reported that the caller, who claimed to be from Chase, knew her personal information and transaction history. Bank Confirms Fraud, but Funds Not Frozen Michelle’s husband, Mike, contacted Chase to confirm…
Despite the broader crypto market’s recent struggles, Fantom (FTM) has surged 15% this week. Sonic Upgrade Powers Growth The surge is attributed to the recent upgrade of Fantom’s mainnet to the new “Sonic” technology. Sonic is expected to significantly scale the network and process up to 2,000 transactions per second. It will also reduce storage…
A Nigerian court has ruled that a detained Binance executive, Tigran Gambaryan, can face trial as a representative of the cryptocurrency exchange. Gambaryan’s Role Despite Binance’s claims that Gambaryan lacks decision-making authority, the judge has held him responsible due to his position as the company’s compliance officer. Gambaryan was initially arrested in April on charges…
Expanding Digital Currency Use Hong Kong residents can now create personal e-CNY wallets, marking a significant step in promoting digital currency use. This collaboration between the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) aims to facilitate cross-border transactions between Hong Kong and Mainland China. Convenient Setup and Usage Setting up…
False Promises and Stolen Savings Thomas John Sfraga, known as “T.J. Stone,” pleaded guilty to wire fraud charges in a Brooklyn court. He admitted to swindling over a dozen victims out of $1.3 million. Sfraga posed as a successful entrepreneur with experience in real estate, media, and cryptocurrencies. He used this facade to convince victims…
ShibaSwap on Shibarium ShibaSwap, the Shiba Inu decentralized exchange, is finally moving to Shibarium, the Layer 2 blockchain developed by the team. This brings reduced transaction fees, enhanced scalability, and new liquidity pools. Shiba Inu Sponsors Major Conferences Shiba Inu is sponsoring the Blockchain Futurist Conference, ETHToronto, and ETHWomen events. These conferences bring together industry…
