Bitcoin’s historical data suggests July is a positive month for BTC holders. This bodes well after the asset lost nearly 10% of its value last month. Bitcoin (BTC) reclaimed the $62,200 level and approached $63,000 on Monday after a 2% bounce for the largest cryptocurrency on the market. CoinGlass data also showed that BTC’s move propelled it...
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he...
The U.S. Senate passed a measure to overturn an SEC bulletin on crypto custody standards, and it is now awaiting President Joe Biden’s expected veto. The Senate’s vote on Thursday ended with a 60 to 38 majority, falling short of the two-thirds needed to override a veto. Several Democrats supported the resolution, including Senate Majority Leader Chuck Schumer...
The global cryptocurrency market is witnessing correction with some investors shifting focus to stablecoins. According to data provided by CoinGecko, the total crypto market cap slipped by 04% in the past 24 hours — falling from $2.38 trillion to $2.34. The global daily trading volume, however, increased by 27%, surpassing the $52 billion mark. Global crypto market cap –...
Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into custody by The Public Security Bureau of Panshi in the Northeast Chinese province of Jilin. The authorities claim...
Bitcoin and other leading cryptocurrencies may be showing bearish trends, but Solana meme coin Catwifhat (CWIF) is bucking that pattern. Catwifhat, a feline-themed counterpart to Soalna memecoin Dogwifhat, is back on an upward trajectory. The coin has surged by 42% today, reaching $0.00000082 following a 60% jump in trading volume. Data from CoinMarketCap reveals that Catwifhat has...
ChatGPT’s security audit shows major centralization flaws in the Tomwifhat (TWIF) — a memecoin on the BNB Smart Chain (BSC) and Ethereum smart contract. With the rise of dogwifhat (WIF) in late December 2023, the number of fraudulent memecoins with the hat theme has also increased. According to the ChatGPT analysis, the owner of the TWIF smart contract used...
NFT marketplace OpenSea is seeing user activity drop on its platform to its lowest level since 2021. The NFT platform, once hailed as the leading NFT marketplace, is now struggling to hold its dominance as newer platforms like Magic Eden and Blur are capturing more activity. Data from Token terminal show that OpenSea’s NFT trading volumes have nosedived 33% over the past...
Authorities in the UK have arrested two men for stealing £5.7m (approximately $7.125 million) worth of cryptocurrencies from victims all across the globe. According to a recent report, James Heppel, 42, from Staverton in Wiltshire, and Jake Lee, 38, from Charlcombe in Bath, have been charged with three counts of conspiracy to commit fraud. The accused defrauded cryptocurrency...
An NFT trader recently lost over $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amid the growing rate of scam schemes that have plagued the cryptocurrencyo scene. On-chain security platform PeckShield brought attention to the movements in an X post on May 9. The attack resulted in losing three BAYC NFTs. The...
