Ethereum

Russian influencer faces 10 years in prison for defrauding businessmen of $22 million in a crypto scheme

October 23, 2024 2 mins read

Valeria “Bitmama” Fedyakina, a prominent Russian influencer, is currently facing serious legal trouble, with the possibility of a decade behind bars. She stands accused of swindling $22 million from four businessmen through a fraudulent crypto payment scheme. Initially, there were concerns about treason, but the focus has shifted entirely to economic crimes. Fedyakina allegedly misled these businessmen by offering them crypto services to facilitate cross-border payments, claiming to be an

The UK’s FCA defends strict crypto regulations to prevent money laundering

October 22, 2024 2 mins read

The Financial Conduct Authority (FCA) in the UK is standing firm on its stringent regulations for cryptocurrency companies, despite some pushback from the industry. The FCA believes these rules are essential for preventing money laundering and maintaining the integrity of the UK’s financial system. Val Smith, who leads the FCA’s payments and digital assets division, emphasized that the rigorous registration process for crypto firms is designed to create a safe

Exodus vs. Plus Wallet Battle: Who Offers the Best Rewards, Flexibility, and Security for Your Crypto Portfolio?

October 22, 2024 5 mins read

Selecting the optimal cryptocurrency wallet is crucial, and two options are currently making waves: Exodus Wallet and the emerging Plus Wallet. Exodus is favored for its sleek, user-friendly interface and robust security features, making it a leading choice for managing multiple assets conveniently in one place. Meanwhile, Plus Wallet is rapidly gaining momentum in the market with its innovative rewards system. Offering Swap to Earn and Refer to Earn, Plus

Algorand’s User Base Surges by 34%

October 22, 2024 2 mins read

The Algorand Foundation recently shared its monthly report, highlighting a remarkable increase in user engagement on the platform throughout September. This surge in activity, particularly in Daily Active Users (DAU), was largely attributed to the introduction of Algorand Coinbase Learning Rewards, which launched in mid-September. This initiative helped DAUs soar to around 180,000, marking a significant rise of nearly 34% in Monthly Active Users (MAUs) compared to August. To put

Decentraland Launches Revamped Virtual World with Enhanced Features

October 22, 2024 2 mins read

Decentraland has just unveiled an exciting new desktop client, marking a significant advancement in how users can engage with this pioneering decentralized virtual world. This beta version enhances performance and immerses users in a richer environment, while also introducing innovative features that pave the way for future developments and improved tools for creators. Transitioning from a browser-based platform to a more robust, Unity-powered desktop experience, Decentraland is aligning itself with

Bitwise chief investment officer Matt Hougan believes Bitcoin (BTC) will hit $100,000

October 21, 2024 1 min read

Matt Hougan, the chief investment officer at Bitwise, is sharing his insights on what could drive Bitcoin’s price to reach $100,000 and beyond. He believes that current macroeconomic trends and on-chain data indicate that Bitcoin is on the verge of significant price increases. Hougan points out that major central banks are implementing more relaxed monetary policies just as Bitcoin’s supply is decreasing due to this year’s halving event, which cut

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing

Bitcoin dominance surges to 58% as ETF as institutional inflows continue

October 20, 2024 1 min read

This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities

ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions

October 20, 2024 1 min read

ethOS, the Ethereum-focused operating system, has introduced an exciting new device called the dGEN1, which aims to revolutionize how users interact with decentralized applications (dApps) on the Ethereum network. Dubbed “the first on-chain everyday carry,” the dGEN1 is tailored specifically for those immersed in Ethereum’s growing ecosystem. Unlike other blockchain devices like the Solana Mobile Saga, the dGEN1 does not support telecom features, focusing exclusively on Ethereum interactions. It runs

Vitalik Buterin outlines Ethereum’s next phase

October 20, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

Dogecoin Millionaire Aims To 100X Their Profits With Cutoshi And Tron This October!

October 17, 2024 4 mins read

Dogecoin’s price recovery is imminent as active addresses are on the rise. This has led to the Dogecoin price recording a monthly surge of over 10%. Tron (TRX) has also performed better than most mega altcoins, recording a YTD of over 84%. However, a new Ethereum-based utility token seems to have captured the attention of investors with a 46% surge in just stage two of its presale. With this, large

Bitfinex hackers sentence have come up for discussion

October 16, 2024 1 min read

In a notable development, the U.S. government has proposed prison sentences for Ilya Lichtenstein and his wife, Heather Morgan, in connection with the infamous Bitfinex hack of 2016. This security breach, which resulted in a staggering loss of $6 billion, continues to be a hot topic in the crypto world. In a recent court filing, prosecutors are seeking a five-year sentence for Lichtenstein while recommending 18 months for Morgan, who