Author: James Wilson

Article written by James Wilson

Thailand authorities raid an illegal Bitcoin (BTC) mining operation in Ratchaburi

August 26, 2024 1 min read

The Thai police conducted a raid on an illicit Bitcoin (BTC) mining facility in Ratchaburi, a town located to the west of Bangkok, in response to complaints from residents about recurring power outages that had been occurring for more than a month. The raid was done due to the inhabitants’ nonpayment of a significant portion of the electricity they consumed. The raid uncovered bitcoin mining equipment and implicated individuals utilizing

Sony introduces Soneium, a new Ethereum layer-2 blockchain

August 23, 2024 1 min read

Sony Group has collaborated with Startale to launch Soneium, a public Ethereum layer-2 blockchain, as a means to extend its presence in the blockchain industry. Soneium’s objective is to enhance the accessibility of Web3 technologies and seamlessly incorporate them into everyday applications, providing users with the benefits of blockchain. Soneium, created by Sony Block Solutions Labs, integrates Web3 (blockchain) with Web2 (conventional internet services) to streamline blockchain utilization and tackle

Leading crypto hardware wallet producer backed by Coinbase Ventures integrates MetaMask

August 22, 2024 1 min read

OneKey, a prominent manufacturer of cryptographic hardware wallets, has declared its incorporation with MetaMask, the preeminent self-custodial web3 wallet globally. The most recent update, version 12.0.0, of MetaMask’s browser extension now includes support for OneKey’s Air-Gapped (QR-based) connection. This change improves the security and ease of use for users. Users have the option to link their OneKey hardware wallets by scanning a QR code, which eliminates the requirement for direct

Hackers hack McDonald’s Instagram to promote a fake meme coin, stealing $700,000

August 22, 2024 2 mins read

Hackers infiltrated McDonald’s Instagram account and utilized it to endorse a counterfeit joke cryptocurrency called GRIMACE, ultimately executing a rug-pull fraud that resulted in over $700,000 in theft. The spurious token, erroneously associated with McDonald’s, experienced a temporary surge in value, reaching $25 million before plummeting. The assailants, identified as “India X Kr3w,” expeditiously liquidated their investments, resulting in investors being left with valueless assets. Rug pulls are fraudulent schemes

Donald Trump, once a vocal critic of crypto, now holds over $1 million in Ethereum

August 20, 2024 1 min read

Donald Trump, who previously expressed strong opposition to crypto, has recently allocated a substantial investment of $1 million to $5 million in Ethereum. This represents a noteworthy change in his position towards the crypto sector. Throughout his tenure as president, Trump repeatedly voiced his strong dislike for cryptocurrencies, cautioning that they had the potential to enable illicit activity and were not considered legitimate forms of currency. Recent financial filings indicate

Turkey’s Crypto Boom: License Count Soars to 76

August 18, 2024 1 min read

Turkey has witnessed a surge in crypto platform licensing, with the number of licensed platforms skyrocketing from 47 to 76. This growth is directly linked to implementing the “Capital Markets Legislation Amendment Law” in July 2024, which introduced stricter regulations for cryptocurrency service providers. The move comes as Coinbase, among other global exchanges, seeks more regulated jurisdictions amid regulatory challenges in its home market. Turkey’s revised regulatory framework has positioned

Bitget Wallet users surge to over 30 Million

August 16, 2024 1 min read

In July 2024, Bitget Wallet, the prominent Web3 wallet, achieved a milestone by attaining 30 million users, hence establishing a new global record for app downloads. The wallet has achieved a remarkable 50% increase in just four months since exceeding 20 million users in March, thereby enhancing its standing in the worldwide crypto DeFi industry. The combined number of downloads on Apple’s App Store and the Android Google Play Store

Arthur Hayes predicts altcoin season will start when BTC surpasses $70K and ETH exceeds $4K

August 15, 2024 1 min read

Arthur Hayes, one of the founders and former CEO of BitMEX, has forecasted the commencement of the highly anticipated altcoin season, which is strongly influenced by the performance of Bitcoin and Ethereum. Hayes has the belief that the altcoin season will commence after Bitcoin and Ethereum reach new price peaks, hence initiating a more extensive surge in altcoins. Should Bitcoin exceed the $70,000 mark and Ethereum exceed $4,000, it will

Tether dismisses Celsius’ lawsuit over $2.4 billion Bitcoin liquidation

August 12, 2024 2 mins read

Tether Limited, the entity responsible for issuing the USDT stablecoin, has rejected a legal action brought by Celsius Network Limited. The case alleges that Tether unlawfully sold off $2.4 billion worth of Bitcoin collateral in June 2022. Celsius contends that this was inequitable and is seeking the restitution of Bitcoin. Tether claims that the liquidation took place with the guidance and approval of Celsius, by the Bitcoin values observed in

PayPal’s USD Stablecoin (PYUSD) Market Cap Soars 150% After Solana Expansion

August 10, 2024 1 min read

Since its integration with Solana on May 29, PayPal’s stablecoin, PYUSD, has experienced a significant surge in market capitalization, soaring by 150% and reaching a total value of $684 million. The utilization of PYUSD is evenly divided between Solana and Ethereum, with 48.32% and 51.68%, respectively. This increase in growth can be linked to the implementation of incentive campaigns within its applications, such as Kamino. PYUSD offers the highest annual

Binance announces the listing of Toncoin (TON) on its platform

August 8, 2024 1 min read

Binance, the leading crypto exchange globally, has added Toncoin (TON) to its platform. Trading is scheduled to commence on August 8, 2024, offering four trading pairs: TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY. Binance has assigned a seed tag to the TON listing, indicating its first phases of development. Users are advised to perform comprehensive research prior to participating in trades conducted outside the platform to prevent fraud and guarantee the security

MicroStrategy plans to sell $2 billion in shares to buy more Bitcoin for its holdings

August 5, 2024 2 mins read

MicroStrategy wants to raise more money for other business projects and buy more Bitcoin by selling up to $2 billion worth of shares. Even though the company lost money in the second quarter of 2024, it bought 12,222 Bitcoins, bringing its overall number of Bitcoins to 226,500. The market is feeling bad because the U.S. government’s Bitcoin sell-off and weak economic indicators led to this move. In a statement with