Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year
Cryptocurrency investors spent an estimated $4.6 billion on tokens suspected of being part of “pump and dump” schemes in 2022, according to a report from blockchain analytics firm Chainalysis. Pump and dump schemes typically involve the creators of a token orchestrating a campaign of misleading statements, hype, and Fear Of Missing Out (FOMO) to persuade […]
Bankrupt Crypto Lender Moves 250 Billion Shiba Inu ($SHIB) in Surprising Transaction
Cryptocurrency lender Voyager, which declared bankruptcy back in November of 2022, has recently made a surprising move by transferring 250 billion Shiba Inu ($SHIB) tokens worth over $3.4 million to the Nasdaq-listed cryptocurrency exchange Coinbase. The transaction sparked speculation among onlookers, and data from cryptocurrency security firm PeckShield shows that Voyager has transferred a total […]
Keanu Reeves Says Dismissing Crypto Will Only Make It Better
Famous actor Keanu Reeves has been vocal about his views on cryptocurrency and the metaverse. In a recent interview with Wired, the Matrix star said that dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” He added that the principle and ideas behind an independent currency are […]
Mango Maker attacker looks to acquire disputed funds
Avraham Eisenberg, the accused hacker of the decentralized finance protocol Mango Markets, is looking to have his share of crypto acquired from his alleged “extremely profitable trading strategy”. On Wednesday, lawyers for Eisenberg filed a case in a New York District Court opposing a case from Mango that takes about $47 million in damages and […]
Cardano ($ADA) Median Hold Time on Coinbase Nears 200 Days
Diamond Hands: Cardano ($ADA) Median Hold Time on Coinbase Nears 200 Days Cryptocurrency users on the Nasdaq-listed exchange Coinbase are holding onto the native token of the smart contract platform Cardano ($ADA) for longer periods of time. According to data from Coinbase’s price pages, the typical hold time for its users invested in Cardano is […]
Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD
Rewrite and expand this content to 800 words Altcoins Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction took place on Feb. 16, according to data from Etherscan, and also comes two days after Binance […]
Sony and Astrar Network partner for web3 incubation
Sony Network Communications, a Japanese electronics powerhouse, has announced its new web3 incubation program in partnership with Japan’s most popular blockchain, Astar Network. This program will run from mid-March to mid-June and will provide 10-15 startups with direct resources, tech support, and financial assistance. The companies that qualify for this program will also have access […]
South Korean prosecutors alleged executive for accepting LUNA
Rewrite and expand this content to 800 words Legal www.thecoinrepublic.com 12 m Reading time: ~3 m The lawyers of South Korea wants an arrest warrant for the ex-chief executive officer of Tmon, an e-commerce platform from Korea for taking billions of South Korean won in the form of Tera (LUNA), which is now widely […]
Revenue drops 46% in 2022 — Chainalysis
Cryptocurrency scammers faced a sharp decline in revenue in 2022, as the price of various crypto assets fell significantly throughout the year. According to a recent report from Chainalysis, crypto scam revenue amounted to just $5.9 billion in 2022 — a 46% decrease from 2021. The report attributed most of the decline in scam revenue […]
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
Galaxy Digital CEO Mike Novogratz shared his bitcoin price outlook Wednesday at a Bank of America conference. The longtime bitcoin advocate believes that BTC could return to $30,000 by the end of next month, and he wouldn’t be surprised if that happened. “When I look at the price action, when I look at the excitement […]