Author: Sophia Hernandez

Article written by Sophia Hernandez

Bitcoin (BTC) surges past $50,000 for the first time since December 2021

February 12, 2024 1 min read

The price of Bitcoin (BTC), the largest crypto by market cap, has surpassed $50,000 for the first time since December 2021. According to Coinbase data, Bitcoin (BTC) crossed the $50,000 threshold at 11 a.m. Eastern Time (5 p.m. Central European Time) on Monday. BTC has increased in value over the last seven days by more than 15% from its price of less than $22,000 at this time last year. It

Open Exchange (OPNX), formerly known as Coinflex, is ending operations this February

February 2, 2024 1 min read

Open Exchange (OPNX), formerly known as Coinflex, is bidding farewell this February, signaling the end of its era as a hub for crypto derivatives and claims trading. In a message, the OPNX team expressed gratitude to its community while laying out the necessary steps for users as part of the closure process. As part of the shutdown protocol, OPNX urged its users to settle all active positions by 8 a.m.

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