Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, aged 39, appeared in court for the first time following their arrest in Tallinn, Estonia in November 2022. They are accused of multiple criminal charges linked to their alleged involvement in a large-scale cryptocurrency fraud. According to the Department of Justice, the indictment states that from 2015 … Read more
Achieving passive income through crypto investments necessitates a nuanced comprehension of the market, tailored strategies, and a prudent stance towards promises of high yields. It’s crucial to recognize the significance of aligning investment tactics with personal objectives and risk thresholds, especially when engaging with the decentralized finance (DeFi) sector. Not All DeFi Protocols Fit the … Read more
Luna Foundation Guard (LFG) has initiated significant transfers of digital assets, sparking speculation and concern within the cryptocurrency community. The transfers, which occurred between 11:29 and 11:33 UTC+8, involved approximately 1.974 million AVAX tokens valued at around $71.2 million USD and 39,499 BNB tokens worth approximately $23.5 million USD. These assets were sent to an … Read more
Over the past week, Cardano (ADA) investors faced challenges with declining prices. Nevertheless, there was a noticeable increase in interest within the DeFi sector. Condition of DeFi The daily volume on Cardano’s DEX (Decentralized Exchange) exceeded 23 million ADA. Even with the increase in DEX volumes, Cardano’s TVL (total value locked) has drastically decreased. The … Read more
A recent uptick in the number of Ethereum addresses holding 10,000 ETH or more indicates a significant shift from asset distribution to accumulation. This trend reflects growing confidence among large investors in Ethereum’s long-term viability. According to CryptoRank’s latest ranking of the top 25 assets by market capitalization, Ethereum’s market cap of $455 billion now … Read more
According to a report by Immunefi, cryptocurrency losses due to hacks and rug pulls amounted to over $473 million across 108 incidents in 2024. In May alone, $52 million was stolen, with Gala Games and SonneFinance being the hardest hit, losing $21 million and $20 million respectively. This total represents a 12% decrease compared to … Read more
Avalanche (AVAX) is set to reduce the barriers to entry for launching a new subnet, aiming to attract more game development teams. Previously, creating a subnet required teams to also become validators for the main Avalanche layer, necessitating a stake of 2,000 AVAX. The network plans to overhaul its subnet creation process, making it easier … Read more
Davido, the Afro-pop star, has faced backlash from the Nigerian crypto community regarding his management of his recently launched meme token, DAVIDO. There are concerns within the community that he may be planning to dump the token. Reports from Lookonchain indicate that Davido made a significant profit of 2,783 SOL ($473,000) within just 11 hours … Read more
Robinhood, the stock trading app, has introduced its cryptocurrency trading application programming interface (API) for users in the United States. This move, announced on May 30, aims to attract experienced crypto traders by offering an API for automated trading strategies. Through this crypto trading API, US-based traders can set up automated strategies to respond to … Read more
During ETHBerlin, Vitalik Buterin, co-founder and lead architect of Ethereum, expressed regret for not implementing a simpler version of Proof of Stake (PoS) sooner. He also highlighted that despite Ethereum’s mainstream success, it is often misunderstood, contrasting it with Bitcoin’s clearer narrative as digital gold. At the recent ETHBerlin event, attended by 620 developers engaged … Read more