Author: Sophia Hernandez

Article written by Sophia Hernandez

The US SEC sues Sam Lee and Brenda Chunga for $1.7 billion HyperFund crypto scam

January 31, 2024 1 min read

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Sam Lee and Brenda Chunga, also known as Bitcoin Beautee, for alleged involvement in the HyperFund crypto scam worth over $1.7 billion. The SEC accuses them of violating federal laws by promoting deceptive “membership” plans that promised large returns to investors. Note that the duo is accused of misleading investors with false assurances of lucrative profits from HyperFund’s

Bitcoin to surge to over $170,000 after the upcoming halving, SkyBridge Capital founder

January 30, 2024 1 min read

Anthony Scaramucci, founder of SkyBridge Capital, is optimistic about Bitcoin’s future, predicting a surge to $170,000 per coin after the upcoming halving event. The halving, occurring around every four years, halves the rate at which new Bitcoin is produced. Scaramucci, known for endorsing Bitcoin as a superior store of value compared to gold, draws parallels between Bitcoin’s halving cycles and its subsequent remarkable price increases. Reflecting on past patterns, he

Will Solana (SOL) surge above $100 or dip?

January 29, 2024 1 min read

Solana, the high-performance blockchain that drew attention throughout 2023, experienced a day of volatility as it sought the elusive $100 mark. After a rally brought the native token (SOL) within reach, it experienced a slight decline but managed to retain the majority of its recent gains, primarily hovering above $97. Analysts note that $100 has become a critical battleground, with significant selling pressure expected at the century mark. The year

ETF provider Bitwise publishes its Bitcoin addresses for Spot ETF

January 25, 2024 1 min read

Bitwise, an asset management company, has released the Bitcoin addresses associated with its spot Bitcoin exchange-traded fund (ETF). This announcement comes about two weeks after shares of the Bitwise Bitcoin ETF (BITB) became available for trading. Bitwise announced the news via Twitter on January 24, inviting the public to verify the holdings of its Bitwise Bitcoin ETF on the New York Stock Exchange Arca. The provided Bitcoin address revealed a

US Senator defends crypto, urges strong rules against bad actors, and clashes with Warren on laundering

January 25, 2024 1 min read

In a recent Senate Committee hearing, US Senator Cynthia Lummis defended the crypto industry, claiming that the primary concern is with bad actors, not the assets themselves. Lummis, a vocal crypto supporter, advocates for a strong regulatory framework to prevent bad actors from abusing the system and to ensure that crypto businesses follow clear rules. Senator Lummis has been actively working to develop a comprehensive regulatory framework for the crypto

Hong Kong Eyes Debut of Spot Crypto ETFs by Mid-2024

January 23, 2024 1 min read

Hong Kong is reportedly indicating that the city will see the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of 2024. Key players in Hong Kong’s crypto exchange landscape, including OSL Hong Kong and HashKey, are actively investigating this development. Gary Tiu, an executive at OSL Hong Kong, predicts that spot crypto ETFs will make their debut in the city within the coming months. According to

Donald Trump says he will stop government-controlled digital currency (CBDCs)

January 18, 2024 1 min read

Former President Donald Trump has stated his intention to obstruct the development of a government-controlled digital currency. This announcement comes amid discussions between the Federal Reserve and many global banks about central bank digital currencies (CBDCs). During a recent speech in New Hampshire, Trump expressed his determination to prevent the establishment of a CBDC. His primary concern is that a government-controlled digital currency could give the authorities too much control

A key Solana DeFi player announces a 1 billion JUP token airdrop to users

January 16, 2024 2 mins read

Jupiter, a major player in the Solana DeFi (Decentralized Finance) space, has made a game-changing announcement. The DeFi aggregator is planning to distribute 1 billion JUP tokens in a carefully planned airdrop, signaling the start of a massive giveaway campaign. Meow, Jupiter’s visionary founder, shared this exciting news, outlining the details of the long-awaited token distribution. Jupiter’s airdrop, scheduled for January 31 at 10:00 a.m. EST, aims to enrich the

A holding wallet receives nearly $1.2 million in Bitcoin (BTC) from the North Korean hacker group

January 9, 2024 1 min read

In an interesting development, a holding wallet recently received nearly $1.2 million in Bitcoin (BTC) from the infamous North Korean hacker unit, Lazarus Group. This transaction has piqued the interest of cybersecurity professionals and blockchain experts, as it is one of the group’s largest transactions in the last 30 days. The Lazarus Group’s wallet was involved in two transactions totaling 27.371 BTC, according to Arkham, a blockchain research organization. This

Visa’s New Web3 Loyalty Program Adds Gamified Rewards to Customer Experience

January 5, 2024 1 min read

Visa recently unveiled its Web3 loyalty program, which aims to redefine customer engagement by introducing interactive treasure hunts and gamified prizes. Through a unique loyalty engagement solution, the program is designed to empower brands to improve customer interactions and build meaningful connections. The Web3 loyalty program from Visa aims to go beyond traditional reward systems. To provide customers with engaging and memorable experiences, the initiative includes interactive treasure hunts and

Congressman Tom Emmer proposes a bill to reduce surveillance through CBDC

January 3, 2024 1 min read

Congressman Tom Emmer’s proposed bill, aimed at reducing surveillance through a central bank digital currency (CBDC), has received widespread support, with 75 cosponsors signing on. The bill, which was first introduced in January 2022 and reintroduced in September 2023, emphasizes the importance of protecting Americans’ financial privacy in the digital currency landscape. In the context of a potential CBDC in the United States, Emmer’s legislative effort places a strong emphasis

Over 4 trillion Shiba Inu (SHIB) tokens moved by a whale

December 27, 2023 2 mins read

Shiba Inu has seen significant whale activity in the last 24 hours, sparking speculation within the crypto community. According to reports, a Shiba Inu (SHIB) whale made a significant move, transferring around 4 trillion SHIB tokens to an unidentified wallet. This activity coincided with a decrease in the SHIB burn rate and a drop in the price of the crypto asset. The on-chain tracker Whale Alert revealed that the transfer