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In the midst of a continuing investigation into market manipulation and insider trading at the cryptocurrency exchange Bithumb, a South Korean court has granted bail to Won Young-sik, a prominent media mogul and business executive. Won Young-sik, formerly the CEO of Chorokbaem Group, the parent company of Chorokbaem Media, has been at the center of…
Xai, a gaming-focused “layer-3” scaling network built on Arbitrum, which is itself a layer-2 solution for Ethereum, had exciting plans to kick off its XAI token airdrop today, bringing a holiday surprise to eligible community members. However, there’s a slight change in plans, and the token distribution will take a little longer. Earlier this week,…
It’s a thrilling time in the world of cryptocurrency airdrops, especially with the gaming industry getting into the mix. The current trend sees various apps, protocols, and projects jumping on board to launch their tokens, potentially rewarding millions of crypto enthusiasts, especially with the looming bear market. So, what’s an airdrop all about? In the…
Benjamin Cowen, a crypto analyst with a large YouTube following, is raising concerns that Bitcoin might be heading for a downturn similar to what happened in 2019. He shared with his 788,000 subscribers that the current Bitcoin price pattern mirrors the one from 2019, which led to a significant correction. Cowen explains that if Bitcoin…
The head of the Chamber of Digital Commerce is making waves with a bold prediction: Bitcoin might soar to a million dollars per coin by 2029. This optimistic forecast hinges on the continued rise in Bitcoin adoption. Perianne Boring, the CEO and founder of this crypto advocacy group, shared her insights in a recent CNBC…
Recently, Max Keiser, a well-known Bitcoin enthusiast, raised doubts to his 550,000 social media followers about Ark Invest CEO Cathie Wood’s statements regarding a Bitcoin exchange-traded fund (ETF). Keiser bluntly stated on a social media platform (previously known as Twitter), “This is misleading.” Cathie Wood Advocates for Bitcoin ETF as a Fast Solution for Institutions…
Recently in Shenzhen, a tech hub in China, the curtains were raised on a brand new digital economy conference. The buzz was all about the announcement of a massive Web3 accelerator fund, a move that shows China’s keen interest in diving into the world of Web 3.0. $10 Billion Web 3.0 Fund Unveiled Li Haolong,…
Michael Erogov, the brains behind Curve Finance, has been busy transferring a hefty sum of over 23 million CRV tokens to Binance, the top dog in the crypto exchange world. This move, which took place over the past five days, hit a peak on December 27 when Erogov shifted a cool 2.5 million CRV. This…
Decentralized finance (DeFi) is reshaping the financial landscape, offering an alternative to traditional finance that’s less reliant on central institutions. It’s a rapidly growing sector, even surpassing the GDP of some major economies. DeFi remains largely experimental, with new projects popping up every day, each trying to tackle common problems in unique ways. For savvy…
Recently, Bitcoin’s value took another dip, falling below the $42,650 mark. Currently, it’s showing signs that suggest a potential further decline, possibly hitting the $40,000 support level. The trend for Bitcoin is looking somewhat bleak, especially below the $43,500 benchmark. Right now, the cryptocurrency is trading under $43,000 and is below the 100 hourly Simple…
