A former security engineer named Shakeeb Ahmed, who masterminded a string of heists on two decentralized cryptocurrency exchanges (DEXs), resulting in over $12 million in stolen crypto, was handed a three-year prison sentence today. This marks the first smart contract hacking conviction in the United States. Ahmed was also ordered to forfeit the stolen crypto … Read more
Based on local news sources, the Australian Securities and Investment Commission (ASIC) has initiated legal actions against two cryptocurrency firms and their leaders for conducting business without a license within Australia. It is claimed that these companies were involved in an intricate scam leading to a financial loss of approximately AU$ 160 million or equivalent … Read more
According to on-chain analysis, an unprecedented 62.5% of Litecoin investors now fall into the category of long-term holders. There Are Now More Than Five Million Litecoin Long-Term Holders Based on information from market analysis tool IntoTheBlock, the Long Tactics (LTC) network has achieved a new mark in the number of its long-term holders. Long-term Bitcoin … Read more
The Ethereum community is still looking forward to hearing if an Ethereum-based Spot ETF will be approved by the authorities, with expectations set for a decision by May. Despite the SEC’s absence of comment on the issue, there’s been growing debate about the potential for approval. The lack of clear information about the approval process … Read more
If a Shiba Inu’s price drops below the significant $0.000027 mark, it begins to exit the symmetrical triangle pattern. This development is concerning because such a pattern usually acts as a strong foundation. The departure from this structure could potentially dictate the direction of SHIB‘s future trend. Examining the graph, it is clear that SHIB‘s … Read more
Major record labels like Warner Music Group and Sony Music Entertainment have reached a preliminary understanding with Hollywood celebrities and media workers on the issue of minimum wage hikes and AI job protections. Hollywood Performers Strike AI Protection Deal Based on Reuters’ report, Hollywood actors and media workers have reached a preliminary deal with significant … Read more
VeChain has revealed a collaboration with the UFC for introducing NFC-enabled tokenized gloves. These gloves, featuring NFC chips, are set to record combat data and validate their authenticity via the VeChainThor blockchain network. At UFC 300 on April 13, these gloves are set to make their first appearance. With the help of VeChain’s blockchain, their … Read more
John Deaton, an attorney supportive of Ripple and a crypto supporter, is campaigning to become a US Senator, opposing Elizabeth Warren who has expressed caution towards cryptocurrencies. With regulatory bodies intensifying their scrutiny and actions against the crypto sector. Significant industry figures have rallied behind Deaton’s campaign, signaling a surging need for modification in crypto … Read more
Peter Schiff, a vocal critic of Bitcoin, once again expressed his doubts about the cryptocurrency on platform X. In his latest post, Schiff drew an unfavorable comparison between Bitcoin and a pet rock, pointing out Bitcoin’s limited practical uses. In contrast, he mentioned how rocks can function as paperweights or decorative items. Schiff’s perspective underscores … Read more
Grayscale recently submitted a revised proposal to the Securities and Exchange Commission (SEC) for its Bitcoin Mini Trust product. Contrary to previous statements suggesting that the mini-trust was being introduced to offer lower fees, the updated filing does not disclose the specific fee structure. Grayscale Files Updates S-1 Prospectus Grayscale’s application for the Grayscale Bitcoin … Read more