Author: James Wilson

Article written by James Wilson

Ethereum co-founder Vitalik Buterin clarifies recent ETH sales

September 14, 2024 1 min read

Ethereum co-founder Vitalik Buterin has been in the news due to repeated ETH sales from a wallet linked to him, totaling 950 ETH. Buterin made major ETH transfers to a multi-sig wallet in August, raising concerns among investors who anticipated that Ethereum’s market value might fall further. The multi-sig wallet subsequently swapped 190 ETH for USDC, prompting widespread condemnation from the community. Some accused Buterin of “dumping” ETH while keeping

The US SEC collects over $4.68 billion in crypto fines during 2024

September 10, 2024 1 min read

In 2024, the US Securities and Exchange Commission (SEC) has imposed $4.68 billion in fines on the crypto sector, representing a 3,018% rise from the prior year. This signifies a transition towards impactful enforcement measures in the cryptocurrency sector, focusing on cases that establish important precedents for the industry. The SEC asserts that these penalties are integral to its comprehensive initiatives to enforce compliance, safeguard investors, and promote transparency in

Quant (QNT) rises by over 17% in the past week, reaching its highest point since August 24

September 9, 2024 1 min read

Quant (QNT), a cryptocurrency facilitating interoperability, has witnessed a 12% price surge, attaining its peak since August 24. This occurs during a downturn in significant assets such as Bitcoin and Ethereum, which have experienced substantial declines. On-chain data indicates a positive divergence between QNT price and Daily Active Addresses, implying that increased accumulation frequently results in price recoveries. Analysts observe that prominent addresses, or whales, have commenced the accumulation of

VanEck is closing its Ethereum Futures ETF (EFUT) by September 16, 2024

September 7, 2024 1 min read

VanEck plans to terminate its Ethereum Strategy ETF (EFUT) by September 16, 2024, and expects to complete the liquidation process by September 23. EFUT, which was introduced in October 2023, has faced challenges in terms of limited growth in assets and performance when compared to VanEck’s more prosperous spot Ethereum ETF (ETHV). VanEck’s decision to liquidate EFUT is in line with its continuous evaluation of criteria such as performance, liquidity,

Dogwifhat (WIF) drops to around $1.58 in the past few days

September 5, 2024 1 min read

Dogwifhat (WIF) has attracted attention and criticism for its high volatility and substantial price variations. WIF is now being traded at a price of $1.59, showing a fall of 1.97%. Its market value is around $1.59 billion. Over the past week, WIF has witnessed a 10% decline in its price, indicating pessimistic sentiment in the cryptocurrency market. The price chart of the currency indicates a notable level of resistance at

The Tron community agrees on a 100% on-chain buyback and burn strategy for SunPump Protocol revenue

September 4, 2024 1 min read

The Tron ecosystem is seeing significant growth, and its community has unanimously agreed on the method of distributing cash generated by the SunPump Protocol. Justin Sun, the creator of the Tron network, solicited advice from the community about the distribution of earnings. He proposed four possible methods: repurchasing SUN tokens, enhancing liquidity in the SUN/TRX pool, making liquidity donations, or eliminating LP tokens by burning. Following much deliberation, the community

Pantera Capital is raising over $1 billion for a new crypto fund

August 31, 2024 1 min read

Pantera Capital is currently in the process of raising more than $1 billion for its latest crypto fund, known as Pantera Fund V. The investment firm is allocating funds towards an infrastructure project on the Solana blockchain, connecting this recent initiative to its previous investment strategy, Pantera Fund IV. In this earlier move, the company acquired Solana and established a vesting term of up to four years for investors. Pantera

Binance urges the U.S. to intervene and secure the release of an executive in Nigeria

August 28, 2024 1 min read

Binance is urging the US government and international bodies to pressure Nigeria to release its top executive, Tigran Gambaryan, who has been in custody for six months. Gambaryan’s detention is deemed unjust, and his physical and mental health is rapidly declining due to a lack of proper medical care and legal access. Binance CEO Richard Teng has expressed concerns about Gambaryan’s deteriorating health, citing a herniated disc that has left

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