News

Hacker hacks Litecoin’s X account to promote a fake Solana-based token

January 13, 2025 1 min read

Today, reports emerged that the official X account of Litecoin was hacked. The hacker used the account to promote a fake token based on Solana, which shared the same LTC ticker as the real Litecoin. This unauthorized post included a contract address for the fraudulent token, causing its market cap to briefly rise to $27,000 before dropping to $3,400, according to DEX Screener. The misleading tweet was later removed. Litecoin

Mango Markets shuts down operations

January 13, 2025 1 min read

Mango Markets, a decentralized exchange on the Solana blockchain, is shutting down due to legal issues, including a settlement with the US Securities and Exchange Commission (SEC). Launched in August 2021, Mango aimed to offer fast and affordable trading using its MNGO token. However, in September 2024, the SEC charged Mango DAO, the platform’s governing body, for selling unregistered MNGO tokens during a fundraising round that raised over $70 million.

Indian crypto Mudrex pauses crypto withdrawals until January 28

January 13, 2025 1 min read

Mudrex, an Indian cryptocurrency exchange, recently halted crypto withdrawals, causing confusion and frustration among users. The suspension, announced on January 11, will last until January 28. Mudrex stated that the pause is necessary to enhance the platform’s systems and prevent misuse by malicious actors. CEO Edul Patel emphasized the importance of ensuring security when handling crypto to avoid illegal activities. Despite being one of the few exchanges in India allowing

Shiba Inu announces the WHY Combinator initiative for the meme coin

January 13, 2025 1 min read

Shiba Inu’s lead developer, Shytoshi Kusama, has introduced the WHY Combinator, a decentralized initiative designed to promote growth in the meme coin space. This program aims to enhance the utility of the BONE token and support innovative projects. In a blog post dated January 11, Kusama shared the initiative’s objectives and recent advancements in the Shiba Inu ecosystem. He mentioned the development of over 30 technological tools, referred to as

XRP is up by over 10% with a market cap of $145B

January 12, 2025 1 min read

XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns. The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged

Notcoin price surges by over 8% in the last 24 hours

January 12, 2025 1 min read

The cryptocurrency market is trying to recover from a bearish trend, with Bitcoin currently priced at around $94,000. Altcoins are also experiencing slight gains, although the market has been quiet over the weekend. Upcoming events, particularly Trump’s swearing-in, may influence market activity next week. Notcoin has emerged as a standout performer, experiencing a 7.09% price increase after a week of declines. On January 10, Notcoin (NOT) was trading at $0.0059

US charges 3 Russians for crypto money laundering

January 12, 2025 1 min read

Three individuals, Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, have been indicted for running crypto mixing services Blender.io and Sinbad.io. These platforms allegedly helped criminals launder funds from ransomware attacks and other crimes. U.S. Attorney Ryan K. Buchanan emphasized the commitment to dismantling cybercriminal infrastructure. The indictment states that these mixers provided a way to hide the origins of illegally obtained cryptocurrency. Brent S. Wible, from the

Kenya plans to legalize cryptocurrencies

January 12, 2025 1 min read

Kenya is moving towards legalizing cryptocurrencies, according to Treasury Cabinet Secretary John Mbadi. This marks a significant change from the government’s earlier warnings about the crypto industry. Mbadi highlighted the rise of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs), which present both opportunities and challenges in the financial system. He emphasized the importance of creating a regulatory framework to harness the benefits of cryptocurrencies while addressing risks like

Shareholders suggest Meta assess Bitcoin as a potential treasury asset

January 12, 2025 1 min read

Meta Platforms Inc. shareholders are urging the company to consider adding Bitcoin to its Treasury. They are concerned about inflation diminishing the value of Meta’s $72 billion cash reserves. Shareholder Ethan Peck is advocating for a formal evaluation of Bitcoin’s potential role in preserving value amid rising inflation. He argues that inflation is consistently reducing the purchasing power of Meta’s cash holdings. As of September 30, 2024, Meta reported $72

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves

January 12, 2025 1 min read

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves. These bills take a tech-neutral stance, avoiding direct references to Bitcoin, which reflects a strategic effort to integrate cryptocurrency into state finances. This move aligns with plans from the new administration to incorporate crypto into economic strategies, showing a growing trend among U.S. states. The main goal is to diversify state funds to guard against financial risks like

Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm

January 11, 2025 1 min read

An Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm. Travis Ford, a 35-year-old man from Oklahoma, has pleaded guilty to conspiracy to commit wire fraud. He was involved in running a fraudulent crypto investment firm called Wolf Capital Crypto Trading LLC. The U.S. Department of Justice announced this on Friday. Ford was the co-founder, CEO, and head trader of Wolf Capital. He encouraged people to invest

SUI open interest surges from $679M to $1.26B

January 11, 2025 1 min read

SUI open interest surges from $679M to $1.26B. In early 2025, SUI shows strong performance as it nears its all-time high. The price increase is supported by rising trading activity and capital inflow, indicating growing confidence from both institutional and retail investors in the asset’s value. A notable rise in Open Interest from $679 million to $1.26 billion in just nine days highlights important market psychology. This increase suggests that