Binance Research has published a report suggesting that ordinals could bring about a major transformation in the Bitcoin ecosystem. What are Ordinals? Ordinals allow users to inscribe digital data, such as images and videos, onto a single satoshi, or individual unit of BTC. This creates the equivalent of non-fungible tokens (NFTs) on the Bitcoin network….
Trafficked Man’s Ordeal A Malaysian man who responded to a job ad on Facebook was trafficked to Cambodia and forced to engage in crypto scams. The man, known as John, lost his job during the Covid-19 pandemic and was offered a customer service job at a Cambodian casino. Held Captive and Forced to Scam Upon…
The Congressional Budget Office (CBO) projects a significant increase in the US national debt, estimating it will reach $54.4 trillion by 2034. This represents a staggering $20.180 trillion increase from the current debt of $34.22 trillion. Hedge fund billionaire Paul Tudor Jones issued a warning, stating that the US is approaching a “debt bomb” explosion….
At the Bloomberg New Economy Forum, Hilary Clinton and Mike Novogratz, CEO of Galaxy Digital, engaged in a heated debate about the future of the US dollar and the potential role of Bitcoin in de-dollarization. Clinton’s Concerns Clinton expressed concern that Bitcoin’s rise could undermine the dollar’s status as a reserve currency, citing its influence…
The Menace of Counterfeit Drugs The pharmaceutical industry grapples with the persistent issue of counterfeit medicines, posing significant health risks and financial losses. According to Goldstein Market Intelligence, the estimated impact of counterfeit medicines this year is a staggering $5.3 billion. Substandard drugs result in a shocking 500,000 deaths annually in sub-Saharan Africa alone, with…
Compromised Deployer Address On February 9th, Cyvers Alert reported suspicious transactions on PlayDapp’s network. An unauthorized entity gained access to the deployer address, allowing them to mint 200 million PLA tokens worth $31 million. The stolen assets were distributed to various addresses, including $5.9 million worth of PLA deposited on Gate.io exchange. PlayDapp’s Response PlayDapp…
Federal Investigation Finds Bank Engaged in Redlining Practices The US Justice Department and the state of North Carolina have reached a settlement with a major US bank to resolve allegations that the lender discriminated against minority communities for years. In a press release, the Justice Department says First National Bank of Pennsylvania (FNB) redlined predominantly…
Crypto Analyst Jason Pizzino Expresses Concern Crypto analyst Jason Pizzino recently shared his concerns about the sustainability of Bitcoin’s (BTC) current rally. In a video update, he pointed out that Google searches for the term “Bitcoin” have been declining, which could indicate waning interest in the flagship digital asset. Correlation Between Google Searches and Bitcoin’s…
Elections and Stimulus Former Goldman Sachs executive Raoul Pal believes that the upcoming elections and stimulus packages in the US and around the world will have a positive impact on the crypto industry. Pal explained that politicians tend to distribute stimulus packages during elections, leading to higher inflation and increased prices for digital assets. China,…
A leading crypto analytics firm, Santiment, is cautioning that the digital asset markets may soon experience a corrective move. Altcoin Interest Spikes Santiment observed a surge in interest in altcoins on social media platforms during the recent market rally. Mentions of “alt,” “altcoins,” and “altcoin” spiked towards the end of last week, indicating growing excitement…
