Author: Sophia Hernandez

Article written by Sophia Hernandez

Whale Sells PEPE Tokens Worth $1.2 Million, Faces $242,000 Loss

September 7, 2023 1 min read

A crypto whale recently executed a massive sell-off, parting with a staggering 1.5 trillion tokens of the meme-inspired cryptocurrency PEPE. This monumental sale, valued at around $1.2 million, took place on the renowned cryptocurrency exchange Binance. However, the outcome wasn’t as profitable as one might expect, as it resulted in a substantial net loss of $242,000. Data sourced from cryptocurrency analytics firm Lookonchain reveals that the whale initiated this move

Alameda Buys Yacht for Co-CEO Sam Trabucco

September 6, 2023 2 mins read

The FTX bankruptcy court proceedings have shed light on some previously undisclosed expenses incurred by the exchange’s C-Suite. While some expenditures, like the purchase of Robinhood shares by SBF and Gary Wang, were already public knowledge, a 57-page document unveiled a few surprises. One such revelation was a substantial sum transferred to the American Yacht Group for the benefit of John Samuel Trabucco, just six months before his departure from

Stake Betting Platform Faces Security Concerns Amidst $41 Million Crypto Outflows

September 5, 2023 1 min read

On-chain analysts have raised alarm bells as a substantial amount of funds mysteriously exited the crypto-based sports betting platform Stake in a series of transactions that have sparked concerns of a significant security breach. The suspicious outflows unfolded in two distinct phases. Initially, data provided by the analyst firm Cyvers indicated that $15.7 million was transferred out of the platform. This sum comprised 6,000 ethers (equivalent to $9.8 million) and

Elon Musk’s X Secures License for Crypto Payments

August 29, 2023 1 min read

Twitter, now known as X, has been granted the Rhode Island Currency Transmission License. This license is a crucial requirement for facilitating cryptocurrency trading activities within the state. This development paves the way for X to potentially offer a range of virtual currency-related services on behalf of its users. These services could encompass vital functions such as securely storing, transferring and exchanging digital assets. The Rhode Island Department of Business

Donald Trump NFTs Experience Surge in Trading Amidst Eventful Week

August 27, 2023 2 mins read

The Trump Digital Trading Cards, a collection of non-fungible tokens (NFTs) featuring illustrated depictions of Donald Trump, have experienced a significant upswing in both price and trading volume. This surge has been attributed to a week filled with noteworthy events in the US political landscape. The boost in trading activity is closely tied to two key developments: the release of Donald Trump’s mugshot and his interview with former Fox News

BONE Price Surges and Transaction Volumes Rise After Shibarium Relaunch

August 26, 2023 1 min read

Shibarium, the Ethereum layer-2 blockchain designed to facilitate transactions within the Shiba Inu ecosystem, has made a triumphant return after initial setbacks. The relaunch this week has successfully resolved the issues, resulting in a smoothly operating network. Initially introduced on August 17, Shibarium encountered congestion problems that hindered its functionality. The surge in user activity led many investors to find their funds trapped in the bridge contract, causing frustration and

FBI Issues Warning: North Korean Hackers Planning $40 Million Bitcoin Cash-Out

August 24, 2023 2 mins read

The U.S. Federal Bureau of Investigation (FBI) has issued a warning to the crypto community, cautioning that individuals linked to North Korean hackers might be planning to sell over $40 million worth of bitcoin. This announcement was made by the intelligence and security agency, which has been tracking crypto stolen by entities known as the Lazarus Group and APT38, both connected to the Democratic People’s Republic of Korea (DPRK). These

Nodal Power Raises $13 Million in Seed Funding to Accelerate Renewable Energy Revolution at Landfills

August 21, 2023 2 mins read

Nodal Power, an innovative firm at the intersection of renewable energy and cryptocurrency, has announced the completion of a $13 million seed funding round. This funding injection is dedicated to advancing Nodal Power’s pioneering approach to reducing methane emissions from landfills while harnessing their untapped energy potential. With a focus on Bitcoin mining, the company is making strides in transforming waste into a valuable resource, as highlighted in their recent

Yuga Labs Ends Collaboration with OpenSea Amidst Creator Royalties Dispute

August 20, 2023 2 mins read

Yuga Labs, the driving force behind the iconic Bored Ape Yacht Club (BAYC) NFT collection, has made an announcement. The developers have decided to terminate their partnership with OpenSea, a leading NFT marketplace. This move comes as a reaction to OpenSea’s upcoming shift towards a discretionary royalty structure, which has stirred a considerable response within the NFT community. OpenSea, a prominent platform for trading non-fungible tokens (NFTs), recently unveiled changes

Shiba Inu’s Shibarium Tier 2 Solution Officially Launches

August 17, 2023 1 min read

Shiba Inu (SHIB), the cryptocurrency that once captured attention as a memecoin, has taken a significant step forward in its evolution. The project has introduced Shibarium, a layer-2 blockchain network built atop Ethereum that operates using SHIB tokens as transaction fees. This groundbreaking move demonstrates Shiba Inu’s ambition to transcend its memecoin origins and provide enhanced utility and value to its token holders. The launch of Shibarium marks a pivotal

New Zealand’s Crypto Exchange Faces Liquidation with Customer Funds at Stake

August 15, 2023 2 mins read

Auckland-based crypto exchange Dasset is facing dire circumstances as it reportedly goes into liquidation, resulting in a distressing situation for its customers who are unable to access their funds. The Herald, a local media outlet, has reported that hundreds of Dasset’s customers are currently locked out of their accounts, with substantial amounts of cryptocurrency worth tens of thousands of dollars trapped within the platform. Amidst the turmoil, a disheartening story

Shiba Inu’s Rise: Can It Overtake Tron and Secure a Spot in the Top 10?

August 13, 2023 2 mins read

Shiba Inu (SHIB) has been riding a wave of bullish momentum for consecutive weeks, reclaiming the #10 Altrank position. With a promising price trajectory, SHIB appears poised to breach the top 10 cryptocurrencies by market capitalization by overtaking Tron (TRX). Shiba Inu’s recent price trajectory has been nothing short of impressive, propelling it to secure the leading spot on Altrank charts. As SHIB’s price displayed nearly double-digit growth on the