The crypto market is highly sensitive to news, trends, and community discussions that shape narratives around various topics. One of the leading topics that have significantly impacted the community is the narrative surrounding crypto whales – large holders of bitcoin and other top cryptocurrencies. These whales have a massive influence on crypto prices, which has
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The recent incident involving the theft of over $235 million from the Indian crypto exchange WazirX has brought to light the alarming rise of cyber crime in the crypto industry. According to reports from blockchain security firm Cyvers, the hacker responsible for the theft has been actively laundering the stolen funds. In just 24 hours,
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since the beginning of summer in June, the price of Bitcoin has experienced a significant decline, with multiple flash crashes shaking the market. The once high-flying cryptocurrency has witnessed a drop from over $70,000 to below $50,000
Robinhood’s cryptocurrency division recently agreed to pay a hefty fine of $3.9 million as part of a settlement following an investigation by the California Attorney General’s office. According to the statement released on September 5th, the investigation revealed some concerning practices by Robinhood Crypto. The company was found guilty of preventing users from withdrawing their
The Future Forward USA PAC, a supporter of Vice President Kamala Harris’s presidential campaign, has recently announced that they are now accepting cryptocurrency donations through Coinbase Commerce. This announcement comes after some initial confusion caused by comments made by a Coinbase executive at a recent conference. The clarification made by a spokesperson for the exchange
Samuel Edyme, popularly known as HIM-buktu, has made a name for himself in the world of web3 content writing, journalism, and trading. His journey into the crypto universe began with a scam, a Ponzi scheme that lured him in with promises of quick riches. However, instead of being deterred by this setback, he used it
X Empire is not just another crypto game on the market. It is a tap-to-earn game that offers players the opportunity to engage in virtual mining and earn rewards in the form of $XEMP tokens. With its innovative gameplay mechanics and the incorporation of Elon Musk’s persona, X Empire stands out in the world of
The recent charges brought by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, highlight a crucial oversight in the firm’s operations. The SEC found that Galois failed to ensure that the crypto assets held by the private fund it was advising were secured with a qualified custodian. Instead, the firm
Ripple made waves in the blockchain and cryptocurrency space by announcing its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with a strong presence in the Asia
The recent settlement between the US Securities and Exchange Commission (SEC) and hedge fund Galois Capital Management LLC serves as a stark reminder of the importance of complying with client asset safeguarding requirements. The SEC charged Galois Capital for allegedly failing to adhere to these regulations, particularly regarding crypto assets that were categorized as securities.