Author: Ava Patel

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Ava Patel

Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.

Articles by Ava Patel

Cardano's Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

Cardano’s Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

4 months ago 1 min read

Charles Hoskinson, the founder of Cardano, raised a red flag in a recent X (formerly Twitter) post about the increasing prevalence of AI-driven scams on YouTube. As artificial intelligence technology advances, Hoskinson sees a new frontier for fraudulent activities in the crypto space. He specifically pointed to a deep fake video on YouTube featuring himself promoting a fabricated ADA giveaway. Despite its initially convincing appearance, closer examination revealed the video to be fraudulent. Hoskinson warned that within a year or two, these deep fake videos could reach a level of realism that makes distinguishing them from authentic content difficult. Hoskinson

Sushi DeFi recently experienced a security breach via its Web3 connector

DeFi Protocol Sushi Falls Victim to Exploit, Affecting Web3 Connector Users

4 months ago 1 min read

Sushi, a well-known DeFi (Decentralized Finance) protocol, recently experienced a security breach via its Web3 connector, prompting the protocol’s Chief Technology Officer (CTO), Matthew Lilley, to issue a warning. As a precaution, users have been advised to refrain from using any decentralized applications (dApps) for the time being. The security incident involves a front-end exploit, which is a type of attack that alters the appearance of a website or application in order to deceive users. While the exploit does not directly target the protocol’s main wallets, it can manipulate the user interface to redirect funds and trick users into performing

Immutable will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM).

Web3 Gaming Platform Immutable Integrates Transak for Seamless Fiat and Web3 Payments

4 months ago 1 min read

Immutable, a leading Web3 gaming company, will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM). This integration aims to simplify payments within gaming ecosystems by enabling users to conduct fiat and Web3-based transactions directly through Transak’s services. Transak’s services will be integrated into both the Immutable Checkout and the Immutable Passport as part of the integration. The Immutable Checkout provides a customizable interface for game developers, allowing them to seamlessly incorporate a variety of payment options. The Immutable Passport, on the other hand, is an all-in-one transaction infrastructure designed specifically for gaming environments.

Burns Over 85 Billion LUNC Tokens

Over 85 Billion LUNC Tokens Burned By Terra Luna Classic Community

4 months ago 1 min read

Since May 18, 2022, the Terra Luna Classic community has burned over 85 billion LUNC tokens, marking a significant milestone. This ongoing effort to reduce the circulating supply of LUNC has reached a significant milestone, with Binance accounting for more than 51% of the total tokens burned. The burning initiatives are critical for improving the Terra Luna Classic ecosystem’s utility and sustainability. 5.83 trillion LUNC tokens are already in circulation, out of a total supply of 6.82 trillion LUNC. Binance has contributed nearly 43.6 billion LUNC to the burning process, demonstrating its commitment to the Terra Luna Classic community. Binance,

Shiba Inu (SHIB) Experiences Explosive Burning Surge and Mystery Whale Moves 4 Trillion Tokens

Shiba Inu (SHIB) Experiences Explosive Burning Surge and Mystery Whale Moves 4 Trillion Tokens

4 months ago 1 min read

Over the last 24 hours, the popular meme coin Shiba Inu (SHIB) has seen a remarkable increase in burning activity, with over 10.3 million SHIB tokens incinerated, representing an astounding 805% increase in burn rate. Simultaneously, a mysterious crypto whale conducted a massive token transfer, transferring 4.2 trillion SHIB tokens—worth over $42 million—to an unidentified address. The increased burning efforts and enigmatic whale activity have sparked interest and debate in the crypto community. Shibburn, a data analytics platform, reported an exponential increase in SHIB burning, which contributed to a faster token removal strategy. While the burned tokens represent only a

Tether Rides Bitcoin Surge

Tether gains over $1.1B from Bitcoin investments

5 months ago 1 min read

Tether, the issuer of the widely used USDT stablecoin, has made impressive gains of over $1.1 billion from its Bitcoin investments. This lucrative venture has significantly bolstered Tether’s Bitcoin holdings, reaching 57,576 BTC, thanks to the recent surge in Bitcoin prices, which soared past $41,000. According to reports from Chinese journalist Colin, Tether strategically acquired these Bitcoins at an average price of $22,480 each. Notably, a significant portion of these acquisitions occurred before March 2023, allowing Tether to capitalize on the remarkable upswing in Bitcoin’s value. Initiating a proactive investment strategy, Tether commenced allocating 15% of its net profits into

Ethereum (ETH) is trading at $2,270

Ethereum (ETH) is trading at $2,270, up 11.73% in the last 7 days

5 months ago 1 min read

Bybit crypto exchange recently published a research report that sheds light on institutional investors’ strategic moves and provides valuable insights into their evolving asset allocation preferences. The report focuses on significant shifts in the Bitcoin and Ethereum realms, providing insight into the shifting perspectives of market institutional players. A key finding from the study indicates a significant resurgence of interest in Ethereum among institutional investors. Following a brief drop following the Shapella update, Ethereum is regaining favor among institutional investors, who see the cryptocurrency’s untapped potential. The analysis reflects a bullish outlook on Ethereum‘s technical advancements and potential development trajectory,

KyberSwap Loses $48.8 Million in Security Breach

KyberSwap Loses $48.8 Million in Security Breach, Plans to Compensate Users

5 months ago 1 min read

A major vulnerability on November 22 resulted in a staggering loss of $48.8 million for the decentralized finance (DeFi) platform KyberSwap. The platform responded quickly by outlining plans to compensate individuals who suffered financial losses as a result of the security incident. To address the fallout, KyberSwap is launching a grant program using funds from its treasury to compensate those affected by the breach. The grants will be equal to the USD value of the assets lost in the security incident to reduce the financial burden on affected users. While the exact details and requirements of the compensation program are

Michael Saylor

The chairman of MicroStrategy announces the acquisition of an additional 16,130 BTC for a total of $593.3 million

5 months ago 1 min read

Michael Saylor, the chairman of MicroStrategy, has announced the acquisition of an additional 16,130 BTC for a total of $593.3 million in the cryptocurrency market. This transaction was completed at an average price of $36,785 per Bitcoin. MicroStrategy’s Bitcoin holdings had increased to 174,530 BTC as of November 29, with a total investment of more than $5.28 billion. Their portfolio’s average cost per Bitcoin is $30,252. This recent acquisition demonstrates MicroStrategy’s unwavering belief in Bitcoin and solidifies its position among prominent corporate Bitcoin holders. This latest development follows MicroStrategy’s recent purchase of 155 Bitcoin for $5.3 million, emphasizing the company’s

Swiss Firm Pando Asset Joins Race for U.S. Bitcoin ETF

Swiss firm Pando Asset Files for Bitcoin ETF, Analyst Worry about the Impact

5 months ago 1 min read

Pando Asset, a Swiss asset manager, has entered the race for a Bitcoin exchange-traded fund (ETF) in the United States, indicating the continued surge in interest in such offerings. On November 29, the company submitted its bid, aiming to establish a fund that mirrors Bitcoin price movements, with Coinbase managing the Bitcoin holdings. Pando Asset is now the 13th contender seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, joining major players such as BlackRock, ARK Invest, and Grayscale. On the same day, investment firm BlackRock was in discussions with the SEC about its own

AI Token Trading Explodes Hits $3 Billion in Surging Volume

Artificial Intelligence Tokens Skyrocket with a 200% Surge, Breaking $3 Billion in Trading

5 months ago 1 min read

The weekly trading activities of crypto projects centered on artificial intelligence (AI) have increased dramatically in the last six weeks. AI-related crypto assets such as Render (RNDR), Worldcoin (WLD), and Fetch.ai (FET) have been leading the pack in terms of trading volume, according to Kaiko, a prominent on-chain analytics firm. According to the data presented in Kaiko’s tweet, the trading volume of AI tokens was initially less than $1 billion in early October. However, a significant and consistent increase propelled weekly trading volume to more than $3 billion this month, representing a remarkable 200% increase. The chart shows that the

The former CEO of Binance

Former Binance CEO Changpeng Zhao Restricted from Leaving the US Until Sentencing, Rules Judge

5 months ago 1 min read

The former CEO of Binance, Changpeng Zhao (CZ), had a roadblock in his attempts to travel to the United Arab Emirates when a district judge halted a portion of his bail. CZ is currently residing in the US and intends to stay there until early 2024, when he will be sentenced. This follows Binance’s guilty plea for breaking money transfer regulations and sanctions, as well as his recent guilty plea for breaching the Bank Secrecy Act. Despite CZ’s $175 million bond release, the Justice Department maintains that he poses a flight risk due to the absence of an extradition agreement

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