Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Sheboshi NFTs spark Shiba Inu’s (SHIB) next big move, promising innovative ecosystem growth

February 26, 2024 1 min read

Shiba Inu’s Sheboshi non-fungible token (NFT) launch has sparked excitement within its community, leading to a surge in market activity. Influencer Lucie announced on X (formerly Twitter) that the project aims to innovate and grow the ecosystem. Moreover, the Shiba Inu’s development team is pushing the project beyond its meme coin image by introducing practical applications, such as the Shibarium Layer 2 network and the SHIB Identity blockchain initiative. In

FTX exchange’s secret bank deal to profit from Tether revealed in court

February 20, 2024 1 min read

Bloomberg published the lawsuit on February 17. The lawsuit says that the FTX crypto exchange allegedly profited from Tether (USDT) by using a covert agreement with Deltec Bank. As per Caroline Ellison, the former CEO of Alameda Research, the company could produce USDT on credit and sell it for a profit through an unauthorized line of credit with Deltec without having to pay for it right away. Alameda generated billions

Stacks (STX) token surges by over 30% in the past 24 hours, reaching 22-month high

February 15, 2024 1 min read

Stacks (STX) is the crypto that has gained the most out of the top 100. The price increase coincides with a 22-month high in the global crypto market capitalization. As of this writing, STX is trading at $2.67, up 27% over the last 24 hours. Earlier today, the asset briefly reached a 26-month high of $2.8, a price last seen in December 2021. After the price increase, STX became the

FTX’s FTT token falls by over 40% as the exchange relaunch denied

February 1, 2024 1 min read

FTX exchange of Sam Bankman-Fried has pledged to fully reimburse customers and creditors affected by its current bankruptcy proceedings. The company assured the overseeing judge that affected individuals, if they could prove their losses, would receive their entire investment. However, the promise of complete asset recovery is not without caveats. The reimbursement values are linked to the official declaration of bankruptcy by FTX, which occurred during a period of turbulent

German authorities reportedly seized 50,000 bitcoins, worth around $2.17 billion

January 31, 2024 1 min read

German authorities reportedly seized 50,000 bitcoins, worth around $2.17 billion. This is the largest crypto seizure in Germany, and it marks a significant development in the ongoing fight against cybercrime. The seizure is linked to the operation of a piracy website in 2013, which flagrantly violated the Copyright Act. The illicit proceeds from this operation were later converted into bitcoin. According to an official police statement, one of the two

Cyber Theft in Crypto Sees Significant Drop in 2023, With $674 Million Recovered: PeckShield Report

January 30, 2024 1 min read

Blockchain security firm PeckShield has released a report indicating a significant 27.78% decrease in cyber theft in the crypto space in 2023, with losses totaling $2.61 billion. This represents a significant improvement over the previous year, when cyber theft totaled more than $3.6 billion. Interestingly, the report highlights a significant recovery effort, with more than $674 million recovered from stolen funds. This represents a 25% recovery rate, a significant increase

FTX Exchange Struggles to Settle Debts, Raises $4.4 Billion Amid Uncertainty

January 29, 2024 1 min read

The embattled crypto exchange FTX is facing challenges as it attempts to repay customers following a significant downturn. To raise funds for this purpose, FTX has sold off its crypto holdings. In the turbulent events of 2022, FTX’s collapse had a profound impact on the crypto market, resulting in significant debts owed to customers. In the aftermath, FTX has been diligently investigating ways to keep its promises to users. In

Solana- based Dogwifhat (WIF) token surges over 70% in the last 24 hours

January 25, 2024 1 min read

A new player in the meme coin arena has piqued the market’s interest amid recent turbulence affecting major crypto such as Bitcoin and Ethereum. The Dogwifhat (WIF) token, created less than two months ago on the Solana blockchain, has seen an astonishing increase of more than 70% in the last 24 hours, outperforming more established names. Following in the footsteps of meme coin predecessors like Dogecoin and Shiba Inu, the

This play-and-own mobile gaming platform GAMEE loses over $14 million to hackers

January 24, 2024 1 min read

The play-and-own mobile gaming platform GAMEE suffered a security breach in its GMEE token contracts on the Polygon network. The exploit resulted in the theft of 600 million GMEE tokens, worth around $14 million. As the crypto community awaits further developments, GAMEE has provided preliminary insights into the incident and outlined its plans for dealing with the fallout. On January 22, the X (formerly Twitter) account of GAMEE Token advised

Over 580 million people now own crypto globally

January 23, 2024 1 min read

According to a recent report from Crypto.com, global crypto ownership increased by 34% in 2023, rising from 432 million to an impressive 580 million. This surge in crypto adoption coincides with economic challenges, geopolitical tensions, and the pandemic’s ongoing effects. Bitcoin and Ethereum led the charge in the crypto adoption race, with growth rates of 33% and 39%, respectively. Bitcoin now controls 51% of the global market, with Ethereum accounting

Terraform Labs, the company known for the failed TerraUSD stablecoin declares bankruptcy

January 22, 2024 1 min read

Terraform Labs Pte. filed for Chapter 11 bankruptcy in Delaware on January 21, according to court documents. The company, best known for its involvement in the ill-fated TerraUSD stablecoin, has revealed financial details, including assets and liabilities valued between $100 million and $500 million. The collapse of TerraUSD and Terra’s LUNA token in May 2022 resulted in significant losses for investors, ushering in a difficult period in the crypto world.

Manta Network Faces DDoS Attack Shortly After Token Issuance, $MANTA Prices Surge

January 19, 2024 1 min read

Manta Network, a well-known layer-2 blockchain, experienced a distributed denial-of-service (DDoS) attack shortly after the issuance of its governance token, $MANTA. Despite the disruption, $MANTA prices rose by 25%, bringing Manta’s market capitalization above $550 million. The DDoS attack on Manta Network occurred on Thursday, resulting in network delays and slower withdrawals. Manta developers acknowledged the incident in an X post, explaining the network impact and assuring users that they