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…
Binance’s Legal Troubles Binance, the world’s largest cryptocurrency exchange, is facing a legal battle in Nigeria over allegations of money laundering, tax evasion, and currency speculation. Two executives, Tigran Gambaryan and Nadeem Anjarwalla, have been charged. Gambaryan Denied Bail Gambaryan was arrested in Nigeria earlier this year. A court has now denied him bail, citing…
Bank of America is facing a class-action lawsuit from a customer who claims the bank illegally refused to reimburse her for unauthorized transactions. Accusations of Illegal Practices Kimberly Dennie alleges that her Bank of America debit card was stolen in February, and unauthorized transactions were made on her account. She promptly reported the card as…
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) is exhibiting bullish signs similar to those seen before its surge to record highs earlier this year. Bullish Signals Svenson points to a reversal bottom pattern and a breakout above the Relative Strength Index (RSI) downtrend line as indicators of Bitcoin’s bullish momentum. He notes that this pattern…
A renowned crypto trader, DonAlt, has issued a warning to investors, predicting the imminent collapse of memecoins. Memecoin Collapse DonAlt believes that memecoins, such as those featuring dog or cat motifs, are on the verge of a massive sell-off. He warns that these projects could experience a “giga rug” (a large-scale scam). Specific Targets DonAlt…
A crypto analyst, Rekt Capital, believes Bitcoin (BTC) has escaped the risk of a market correction. Post-Halving Danger Zone Over Rekt Capital explained that Bitcoin has exited the “danger zone,” a three-week period after a halving event where a price dip below the current range low is possible. He believes the correction bottom has likely…
