Browsing:Crypto

Kenya's Ministry of the Interior has taken the unprecedented step of suspending the operations of Worldcoin
9 months ago 1 min read

Kenya Halts Worldcoin Operations: Concerns Over Financial Security and Privacy

Kenya’s Ministry of the Interior has taken the unprecedented step of suspending the operations of Worldcoin, a pioneering identity crypto protocol co-founded by Sam Altman of OpenAI. The move comes as a response to concerns over the project’s legitimacy, financial security, and data protection, prompting local authorities to initiate a comprehensive investigation. The decision was officially communicated through a statement on the ministry’s Facebook page. Worldcoin’s ambitious mission revolves around establishing a global identification mechanism based on iris scans—a technology that can authenticate an individual’s unique identity. As the world navigates a landscape increasingly intertwined with artificial intelligence, such an

XDC token Soars 300% to Reach Annual Peak
9 months ago 1 min read

XDC Token Rockets 300% to Achieve One-Year High

XinFin Network’s native cryptocurrency, XDC, has taken the cryptocurrency market by storm with an impressive rally that has lasted for five consecutive days. Based in Singapore, XDC has surged to its highest value since January 2022, showcasing a remarkable price increase of over 300% from its monthly low of $0.03 to an impressive $0.08. Amidst a backdrop of a slight 1.88% decline in the global cryptocurrency market, XDC Network stands out as a shining example of resilience and strength. Defying its prolonged bearish trend, XDC has experienced consistent upward momentum, presenting a stark contrast to major cryptocurrencies such as Bitcoin

Project Catalyst has taken a step by introducing a solution to reshape its capabilities and performance of Cardano.
9 months ago 2 mins read

Project Catalyst Unveils Innovative Testnet Rollout to Fuel Cardano Ecosystem Evolution

Project Catalyst, renowned globally as a pioneering decentralized grant fund and a driving force behind the Cardano ecosystem’s innovation, has taken a monumental step by introducing a groundbreaking solution to reshape its capabilities and performance. With a focus on bolstering stability and creating an optimal environment for collaboration and exploration, the fund is set to operate multiple testnet instances alongside its mainnet, ushering in a new era of development. As Project Catalyst charts its course towards evolution, it does so in tandem with Cardano’s governance era of Voltaire. This strategic move is designed to ensure the sustained growth of the

The US SEC appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts.
9 months ago 2 mins read

U.S. SEC Open to Considering Ethereum Futures ETF Applications Amid Growing Interest

The United States Securities and Exchange Commission (SEC) appears to be adopting a more open stance towards exchange-traded funds (ETFs) centered on Ethereum futures contracts. Recent reports suggest that the SEC is leaning towards the possibility of reviewing applications for Ether Futures ETFs, which have been submitted by both traditional finance (TradFi) and cryptocurrency industry players in the past week. It’s important to note that while the SEC’s consideration of these Ethereum Futures ETFs is a positive sign for the market, it does not automatically guarantee their approval. Background on Ethereum Futures ETF Applications Earlier this year, Grayscale Investments took

Hacker Uses Zero-Value Transfer Technique to Swipe $20 Million
9 months ago 2 mins read

$20 Million USDT Hacked: Hacker Exploits Zero-Value Transfer Vulnerability

Blockchain security service PeckShieldAlert has revealed a recent incident in which a scammer managed to steal a whopping 20 million USDT from an unsuspecting victim using a zero-transfer attack. The cryptocurrency community was quick to respond, with Tether proactively freezing the stolen assets by blacklisting the scammer’s addresses within just one hour of the incident. The victim, identified as 0x407e, had earlier received 10 million USDT from Binance (BNB) and had subsequently attempted to transfer the coins to an intended alternate address. It was during this transfer that the fraudster executed a zero-value token transfer from the victim’s address to

Kraken FX co-founder Jesse Powell raised concerns over the viability of the FTX relaunch
9 months ago 1 min read

Kraken Co-founder Critiques FTX Reboot, Calling It a Step Backward

Days after FTX unveiled a reboot plan, Kraken FX co-founder Jesse Powell raised concerns over the viability of the FTX relaunch, suggesting that it might face challenges worse than starting from scratch. The troubled crypto exchange recently revealed a new strategy to relaunch and settle its debts, but doubts persist about the success of this plan. Powell’s skepticism stems from the existing hurdles that FTX faces. The tarnished reputation of the exchange and the absence of a functioning team, licenses, and banking facilities make its revival a complex endeavor. Rather than pursuing the current relaunch, Powell proposes a different approach

OKX cryptocurrency exchange has recently revealed its decision to delist 10 spot trading pairs.
9 months ago 1 min read

OKX Exchange Announces Delisting of 10 Altcoin Trading Pairs to Enhance Trading Environment

OKX cryptocurrency exchange has recently revealed its decision to delist 10 spot trading pairs. This move comes as part of the exchange’s commitment to fostering a robust trading ecosystem and ensuring strict compliance with listing standards. The delisting process follows a comprehensive evaluation of listing attributes and user feedback, in accordance with OKX’s Token Delisting / Hiding Guide. The trading pairs that are set to be delisted include TRUE/USDT, LOON/USDT, WING/USDT, TAI/USDT, EC/USDT, RFUEL/USDT, KCASH/USDT, MCO/USDT, LDN/USDT, and APIX/USDT. This move reflects OKX’s dedication to optimizing its trading offerings and maintaining a streamlined selection of assets. To ensure a seamless

Binance successfully burned a substantial 1.41 billion LUNC tokens
9 months ago 1 min read

Binance successfully burns 1.41 billion LUNC tokens

Binance crypto exchange has concluded the twelfth round of token burning for Terra Classic (LUNC). This strategic process, aimed at reducing the token supply and enhancing its scarcity, holds the potential to influence the token’s value and market dynamics significantly. In the latest token-burning event, Binance successfully burned a substantial 1.41 billion LUNC tokens. This impressive figure corresponds to half of the LUNC trading commission revenues generated on the platform. In terms of market value, this amounts to approximately $112,000, reflecting the exchange’s commitment to maintaining a balanced token ecosystem. Market participants and enthusiasts can anticipate the announcement of the

BTC/USD order book on Binance
9 months ago 1 min read

Bitcoin Trading Volume Plunges to Early 2021 Levels, Fueling Concerns of $25K Potential Return

As Bitcoin (BTC) exhibited more sideways behavior, echoing the trend seen during the weekend and the previous week. The lack of significant market-moving events resulted in a brief spurt above $29,500 after the weekly close. However, bulls struggled to sustain momentum, leaving all eyes on the monthly close as a potential trigger for increased volatility. Monitoring resource Material Indicators provided an analysis of the BTC price action, noting that the cryptocurrency briefly surpassed $29,500, but failed to gain enough bullish momentum to advance further. As the month drew to a close, traders remained cautious about a potential trend shift. Material

The US SEC has filed a fraud lawsuit against prominent crypto influencer Richard Heart
9 months ago 2 mins read

SEC Files Fraud Lawsuit Against Crypto Influencer Richard Heart Over Alleged Misappropriation

In a major development, the US Securities and Exchange Commission (SEC) has filed a fraud lawsuit against prominent crypto influencer Richard Heart, also known as Richard Schueler. The lawsuit alleges that Heart raised over $1 billion through the unregistered offer and sale of crypto asset securities, including Hex, PulseChain, and PulseX. The SEC contends that the crypto assets Hex, PulseChain, and PulseX should be classified as securities. Richard Heart allegedly promoted these investments as avenues to extraordinary wealth, boasting that Hex was designed to become the most appreciating asset in the history of mankind. The complaint further accuses Heart and

OpenAI CEO Investigates Worldcoin Project Over Biometric Data Concerns
9 months ago 1 min read

Germany Launches Investigation into Worldcoin (WLD)

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 to Michael Will, the head of the German data supervisory agency, the Bavarian State Data Protection Supervisory Office will lead the investigation into Worldcoin. The project, initiated by Tools For

XRP price settled around $0.6858
9 months ago 1 min read

XRP Token Loses 3.30% of Value After Partial SEC Case Victory

Following a partial victory in the SEC case, the XRP price experienced a significant surge, climbing from $0.46 to $0.92, eliciting excitement among investors. However, after the initial wave of enthusiasm subsided, the XRP price settled around $0.6858. In recent minutes, a new development has shaken the market, leading to increased volatility in the XRP price, causing the token to suddenly lose 3.30% of its value. The recent partial victory in the SEC case boosted investor sentiment, propelling the XRP price from $0.46 to an impressive $0.92. The cryptocurrency community was abuzz with excitement over the positive outcome. However, as

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