Author: Sophia Hernandez

Article written by Sophia Hernandez

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

XRP Temporarily Soars to $50 on Gemini Amid Speculation of Relisting Anomaly

August 11, 2023 2 mins read

Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s

Indian Authorities Arrest Masterminds of $120M Crypto Scheme

August 9, 2023 2 mins read

The Ponzi scheme centered around a cryptocurrency project named STA Crypto Token, exploited the allure of solar technologies and blockchain innovation. As reported by The Indian Express on Aug. 8, the fraudulent scheme revolved around the STA Crypto Token, which purported to merge the potential of solar technologies with the blockchain revolution. However, investigations reveal that the project was a smokescreen for a Ponzi scam that targeted unsuspecting investors. The

Binance’s August 2023 Reserve Report: A Deep Dive into Crypto Holdings

August 7, 2023 2 mins read

Binance, the world’s leading cryptocurrency exchange renowned for its high trading volume, has taken a proactive step towards transparency by releasing its August 2023 reserve report. This report sheds light on the exchange’s substantial holdings of digital assets and its robust reserves-to-customer-balance ratio. Unveiling Binance’s Reserves and Ratio The August 2023 reserve report from Binance underscores the exchange’s commitment to accountability and customer trust. The central focus of this disclosure

FBI Issues Warning About Phishing Scams and Social Media Account Hijacking

August 6, 2023 2 mins read

The United States Federal Bureau of Investigation (FBI) has issued a cautionary alert regarding the escalating threat of criminal actors infiltrating social media accounts and impersonating legitimate figures within the nonfungible token (NFT) and cryptocurrency realm. The FBI’s warning also spotlights the proliferation of spoof websites that deceive victims into believing they are engaging with authentic platforms, ultimately leading to the pilfering of their NFTs or cryptocurrency assets. As the

Lido Finance Emerges as Staking Powerhouse with Over 28% Market Share

August 4, 2023 2 mins read

Lido Finance continues to dominate the cryptocurrency staking landscape, securing an impressive 28% of the total market share, as reported by market intelligence platform IntoTheBlock. The Ethereum Staking Market Share indicator reveals the distribution of staking services within the industry, with Lido Finance leading the pack. Let’s delve deeper into the insights provided by this indicator and explore the latest developments in the staking market. IntoTheBlock’s Ethereum Staking Market Share

Germany Launches Investigation into Worldcoin (WLD)

August 1, 2023 1 min read

OpenAI CEO Sam Altman has been conducting an investigation into the Worldcoin (WLD) project since late last year. The project has garnered attention for its large-scale processing of sensitive biometric data, raising concerns over privacy and data protection. Launched recently, Worldcoin requires users to undergo iris scans in exchange for a digital ID and free cryptocurrency, as part of its ambitious plan to establish an “identity and finance network.” According

12% of Top Ethereum Whales Now Hold Shiba Inu Token

July 28, 2023 2 mins read

Shiba Inu, the meme-inspired cryptocurrency, has consistently remained a favorite among the largest Ethereum whales, and recent data shows that this sentiment remains unchanged. In the portfolios of the top 100 Ethereum whales, Shiba Inu continues to hold a prominent position, demonstrating its appeal as an investment choice in the crypto world. While stablecoins dominate these investors’ holdings, Shiba Inu stands out as the leading non-stablecoin token, solidifying its position

Ripple Labs Applies for Crypto Asset Registration in the UK

July 23, 2023 2 mins read

Ripple, the payment protocol, has taken a significant step in its global expansion plans by applying for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority (FCA). Additionally, the company is seeking a payments license in Ireland, further solidifying its massive investment in the region. This move comes on the heels of a recent partial win against the United States Securities and Exchange Commission (SEC) over

What Does the SEC’s Statement on XRP and Terra Mean?

July 22, 2023 2 mins read

In a significant development in the world of cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) recently announced its intention to appeal a federal judge’s ruling in a landmark cryptocurrency case. The ruling favored Ripple Labs, stating that almost half of its XRP sales did not violate investor protection laws. This decision gave hope to other defendants facing SEC lawsuits over cryptocurrency sales. However, the SEC now seeks to challenge

Binance Successfully Integrates Bitcoin Lightning Network, Enhancing Transaction Speed and Scalability

July 17, 2023 2 mins read

Cryptocurrency exchange Binance has successfully integrated the Bitcoin Lightning Network on its platform, offering its users the option to use the layer-2 scaling solution for BTC withdrawals and deposits. This move comes as Binance seeks to enhance transaction speed and reduce costs amid a surge in Bitcoin network gas fees. The Lightning Network allows users to create off-chain transaction channels, making Bitcoin transactions faster and more cost-effective. In a recent