Category: Latest News in cryptocurrency world

In a significant legal development, the Australian Federal Court delivered a ruling on Friday that favored the Australian Securities and Investments Commission (ASIC) in a case concerning an unlicensed cryptocurrency platform accused of misleading customers. The court’s attention was drawn to the actions of BPS Financial, a crypto promoter based in Gold Coast, which allegedly…

The Solana network, once heralded for its robust on-chain activity, now finds itself grappling with a concerning decline amid waning trading interest. The recent tumultuous events in the crypto market sent shockwaves through Solana’s ecosystem, precipitating a significant price correction for SOL. As the value of SOL dipped towards crucial support levels, investors held their…

On May 1st, the United States Treasury’s Office of Foreign Assets Control (OFAC) took decisive action against a developer affiliated with OKO Design Bureau, a prominent drone manufacturer based in Russia. The developer in question was sanctioned by OFAC, and three cryptocurrency addresses linked to the company were added to the Specially Designated Nationals (SDN)…

Cloud mining offers a convenient alternative to traditional cryptocurrency mining methods by utilizing rented cloud computing power instead of requiring users to invest in and manage hardware and software directly. Through cloud mining services, individuals can remotely engage in cryptocurrency mining by opening an account and paying a small fee, thereby democratizing the mining process…

In the dynamic realm of cryptocurrency investment, navigating the decision between allocating resources to established coins versus emerging contenders represents a critical juncture. The choices made here can significantly impact one’s portfolio trajectory. Among the plethora of options available, Solana and Polygon have emerged as stalwarts, commanding substantial positions within the market. However, amidst the…

The enigmatic figure known in the cryptocurrency world as the “Hundred Finance hacker” has reemerged from the shadows, setting in motion a series of transactions that have reignited concerns within the digital asset community. This individual, infamous for orchestrating a high-profile crypto theft amounting to a staggering $7.4 million, has resurfaced on May 1st after…

Amidst the tumultuous tides of the financial market, where the waves of uncertainty crash against the shores of investor confidence, a beacon of resilience emerges amidst the storm. In a week marred by steep declines and unsettling volatility, investors find themselves navigating through treacherous waters, seeking refuge and opportunity amidst the chaos. While recent glimpses…

SUMMARY – Bitcoin’s price has stabilized at approximately $60,000, marking a 50% increase since January, attributed to the introduction of new U.S. spot Bitcoin ETFs. – Sovereign wealth funds and major financial institutions are showing heightened interest in Bitcoin trading, as reported by BlackRock. – Robert Mitchnick of BlackRock emphasizes their efforts in educating firms…

Story Highlights Patrick Gruhn, a former executive at FTX Europe, recently purchased a historic pocket watch from the Titanic for a record-breaking amount.     Sam Bankman-Fried, the founder of FTX US, is serving a lengthy sentence for orchestrating a financial fraud.     Gruhn intends to relaunch FTX Europe under a new name to distance himself from the…

A collaboration between blockchain forensic company Elliptic, IBM Watson, and MIT researchers has led to significant progress in utilizing artificial intelligence (AI) for the detection of money laundering activities on the Bitcoin blockchain. As per a recent report published by Elliptic on Wednesday, the researchers employed a deep learning model to effectively identify instances of…