Author - James Lim

TON jumps 17% as Tether mints $10m in USDT on TON blockchain

Tether has allegedly minted $10 million in its largest stablecoin by market value on the TON blockchain in a move signaling potential expansion. Tether Holdings Ltd.’s USDT, the world’s largest stablecoin, is now available on the TON blockchain, as the firm’s transparency report indicates an issuance of $10 million on the network. As of press time, Tether made no public...

SPCT token plunges 43% amid allegations of a rug pull

Spectra Chain’s native token, SPCT, experienced a significant decline, plummeting 43% on Friday morning following emerging allegations of a potential rug pull by its team. At the time of writing, the token was trading at $0.0094, marking a 27% fall within the last 24 hours. SPCT 24-hour price chart | Source: CoinMarketCap Previously reaching an all-time high of $0.05065 on April...

Bitcoin could reach $100k by year-end, Komodo CTO

In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform Komodo, we discussed the implications that the upcoming halving might have on Bitcoin and the broader cryptocurrency market. The Bitcoin halving is almost here, and all eyes are on the flagship cryptocurrency. This key event will slash block rewards in half, affecting the premiere cryptocurrency’s supply...

India’s ED probe Bollywood star in $800m crypto ponzi scheme

India’s ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project. The Enforcement Directorate (ED) is probing Raj Kundra, a prominent businessman and husband of Bollywood actress Shilpa Shetty, concerning a money laundering case linked to a cryptocurrency Ponzi scheme dubbed ‘Gain Bitcoin.’ Notably, Kundra is not the...

Pavel Durov reveals new Telegram blockchain features

The founder of the Telegram messenger, Pavel Durov, spoke about the future of the TON cryptocurrency. At the Token2049 conference in Dubai, Durov explained how ordinary Telegram users can use Toncoin (TON). Starting on April 19, the first payments in TON for advertising to Telegram channel administrators will begin. In addition, starting next week, users will be able...

US SEC hints at reason to pursue Justin Sun

In a new document, the U.S. SEC explained why it could pursue Tron Founder Justin Sun. In an amended complaint against Sun, the SEC claimed that his frequent visits to the United States gave rise to legal action. The Commission said in its updated complaint that Sun spent more than 380 days in the United States between 2017 and 2019. The...

Hedgey Finance hacked for $44.7m on Arbitrum, Ethereum

On-chain token infrastructure provider Hedgey Finance suffered two exploits as attackers leveraged a bug in its token claims contract. According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. Cyvers reported that the first attack was deployed on ETH’s chain, and hackers stole around $1.9...

TON Foundation allocates 11m Toncoin to reward USDT users

The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The campaign aims to encourage the adoption of the stablecoin online. “USDt on TON will be accompanied by fully integrated...

Bitcoin ransomware defrauds over 250 companies for $42m

Federal Bureau of Investigation officials warn the public about the spread of Akira ransomware. According to an FBI statement, Akira Bitcoin (BTC) ransomware caused multi-million dollar losses to various companies and organizations in North America, Europe, and Australia. Malicious software gains access to enterprise infrastructure through a VPN, accessing software without multi-factor authentication. Akira then steals confidential data and...

Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving

Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...