News

Hacker Swaps Stolen USDT for ETH, Rakes in $1.45M Profits

Discover how a hacker exploited Orbit Chain, converting stolen USDT into ETH and making $1.45 million in profits. Explore the implications for Orbit Chain and the cryptocurrency industry.

Yagyesh Jaiswal

The recent cyber-attack on the Orbit Chain platform, where hackers successfully converted stolen USDT into ETH and made $1.45 million in profits, has shed light on the vulnerabilities in the cryptocurrency space. This incident serves as a reminder of the importance of strong security measures and proactive monitoring to detect and prevent such attacks.

Wall Street's Transition to Crypto: Goldman Sachs Foresees Marketplaces Expansion

Goldman Sachs' Head of Digital Assets, Mathew McDermott, predicts a significant rise in specialized marketplaces and digital asset integration in traditional finance by 2024.

Yagyesh Jaiswal

Goldman Sachs' Mathew McDermott predicts a boom in digital asset marketplaces and increased integration of digital assets in traditional finance by 2024. This trend, fueled by market maturity and technological advancements, indicates a significant shift in the financial industry's future.

Understanding the Upcoming 2024 Bitcoin Halving and Its Impact on Investors

Explore the potential market impact of the upcoming Bitcoin halving in April 2024 and its significance for investors, amid expectations for the approval of a spot Bitcoin ETF.

Yagyesh Jaiswal

The next Bitcoin halving, set for April 2024, is expected to significantly impact the cryptocurrency market. This event, coupled with the potential approval of a spot Bitcoin ETF, creates a complex scenario for investors to navigate, highlighting the dynamic nature of the cryptocurrency market.

PM of Singapore Alerts Residents to Crypto Scam Using His Image

The Prime Minister of Singapore, Lee Hsien Loong, warns residents about a deepfake crypto scam using his image. Learn how to protect yourself from such scams.

Yagyesh Jaiswal

The Prime Minister of Singapore, Lee Hsien Loong, has taken to social media to warn residents about a deepfake crypto scam that is using his image. These deepfakes falsely claim that the Prime Minister guarantees investment returns and crypto giveaways, luring unsuspecting victims into fraudulent schemes.

Chai Payments App in Terra Ecosystem Didn't Use Crypto

Uncover the shocking truth behind the Chai payments app in the Terra ecosystem, as a SEC whistleblower reveals that it did not utilize cryptocurrency. Explore the implications for Terra and the wider crypto industry.

Yagyesh Jaiswal

A whistleblower from the SEC has exposed that the Chai payments app in the Terra ecosystem did not use cryptocurrency as claimed. This revelation raises concerns about transparency and the future of Terra in the crypto industry.

India's Finance Ministry Targets Binance and Offshore Exchanges

India's Finance Ministry seeks to block major offshore exchanges, including Binance, for non-compliance with money laundering laws.

Yagyesh Jaiswal

India's Finance Ministry's decision to block major offshore exchanges like Binance sends a strong message about the government's commitment to regulatory compliance in the cryptocurrency sector. The show-cause notices issued to these exchanges indicate a clear intent to enforce money laundering laws and protect investors.

Decentralization Drift: Vitalik Buterin's Frustration with Rising Fees

Vitalik Buterin expresses concerns about the drift from decentralization in Web3 due to rising transaction fees. Explore the impact and proposed solutions in this article

Yagyesh Jaiswal

Vitalik Buterin's insights shed light on the challenges facing Web3 and its deviation from the initial vision of decentralization. Rising transaction fees have played a significant role in reshaping the crypto space and creating a divide among its participants

PancakeSwap to Slash CAKE Supply by 300M Tokens

Learn about PancakeSwap's recent proposal to reduce the supply of their native CAKE tokens by 300 million tokens. Find out the motives behind the proposal and its potential impact on the token's value.

Yagyesh Jaiswal

The proposal to reduce the CAKE token supply by 300 million tokens is a significant development for PancakeSwap and its community. By aligning the token supply with the circulating supply and moving towards an ultrasound CAKE era, PancakeSwap aims to enhance the deflationary nature of its native token. The reduction is subject to a voting process, and if approved, it will take effect in early 2024.

Former President Trump’s Wallet Linked to Significant Ethereum Sale

An Ethereum wallet linked to former U.S. President Donald Trump reportedly sells over $2.4 million in ETH, amidst his involvement in the crypto and NFT space.

Yagyesh Jaiswal

A blockchain wallet associated with Donald Trump has reportedly sold over $2.4 million worth of Ethereum, highlighting a change in his stance on cryptocurrencies. This activity coincides with his team's involvement in NFTs and could have implications for his 2024 presidential campaign, positioning Trump as a potential national leader with connections to the crypto space.

Bitcoin Futures Smart Money Index Reaches Record High Anticipating ETF Decision

Institutional interest in Bitcoin surges to an all-time high, measured by the Bitcoin Futures Smart Money Index, amidst anticipation of the upcoming spot Bitcoin ETF decision.

Yagyesh Jaiswal

Institutional interest in Bitcoin reaches a new high as measured by the Bitcoin Futures Smart Money Index, with investors showing increased bullishness ahead of the SEC's decision on spot Bitcoin ETF applications. This surge in institutional activity highlights the growing recognition of Bitcoin as a significant asset class.

Korean Traders Fuel Bitcoin SV Surge, Soaring 65% in 24 Hours

Learn how Korean traders have played a significant role in driving the surge of Bitcoin SV (BSV), resulting in a 65% price increase within just 24 hours.

Yagyesh Jaiswal

The surge of Bitcoin SV (BSV) driven by Korean traders showcases the significant influence they have in the cryptocurrency market. Their active participation, particularly on exchanges like Upbit, has propelled the surge and brought attention to Bitcoin SV's potential.

MicroStrategy Wraps Up 2023 with a Hefty Bitcoin Acquisition

Explore MicroStrategy's significant investment move, purchasing an additional 14,620 Bitcoins for $615.7 million, solidifying its position as the largest corporate Bitcoin holder.

Yagyesh Jaiswal

MicroStrategy concludes 2023 with a massive $615.7 million Bitcoin purchase, acquiring an additional 14,620 BTC. This move reinforces the company's position as the largest corporate Bitcoin holder and reflects its commitment to Bitcoin as a strategic long-term investment. CEO Michael Saylor's bullish predictions for Bitcoin's future add to the company's optimistic stance in the cryptocurrency market.

Solana Emerges as a Top Choice for Institutional Investors Over Bitcoin and Ethereum

Institutional investors are increasingly turning to Solana over Bitcoin and Ether, with Solana experiencing significant growth and attracting considerable investment despite overall market outflows.

Yagyesh Jaiswal

Institutional investors are showing a marked preference for Solana over Bitcoin and Ether, as evidenced by Solana's substantial growth and investment inflows despite overall market outflows. This trend indicates a shift in the crypto investment landscape, with Solana emerging as a formidable competitor in the market.

Silbert Resigns as Grayscale Chair; Mark Shifke Takes Over

Barry Silbert's resignation as Grayscale Chairman has surprised the crypto market. Mark Shifke, CFO of Digital Currency Group, will be stepping in as the new Chairman, raising questions about the future of Grayscale Investments.

Yagyesh Jaiswal

Barry Silbert's resignation as Chairman of Grayscale Investments and the appointment of Mark Shifke as his successor mark a significant shift in leadership for the prominent digital currency asset management firm. The implications of this change extend beyond Grayscale itself, impacting investor sentiment and the broader crypto market.

Hashed: S. Korea's Top Crypto Invests $28.44M In 29 Projects

Discover how Hashed, the top crypto venture in South Korea, allocated $28.44 million across 29 investments in 2023. Explore their focus on blockchain infrastructure, gaming, finance, and more.

Yagyesh Jaiswal

Hashed's investments in 2023 showcase their commitment to supporting early-stage ventures that can leverage blockchain infrastructure and drive innovation in various sectors. With a well-diversified portfolio and a global outlook, Hashed has positioned itself as a leading crypto venture in South Korea and beyond.

One Billion Global Crypto Users Expected by 2024

Experts forecast a significant increase in global crypto users, with projections reaching up to one billion by 2024, driven by market growth and new financial products.

Yagyesh Jaiswal

Experts predict a significant rise in global cryptocurrency users, potentially reaching up to one billion by 2024. This growth, driven by bullish market conditions and the introduction of new financial products like a Bitcoin ETF, signifies a major expansion in the global crypto community and the increasing mainstream acceptance of digital currencies.

Elon Musk Analyzes Bitcoin's Advantages Over Fiat Currency

Elon Musk shares insights on Bitcoin, exploring its strengths over fiat money in the context of global inflation and economic instability, during an interview with ARK Invest’s Cathie Wood.

Yagyesh Jaiswal

Elon Musk, in conversation with Cathie Wood, delves into the potential of Bitcoin to surpass fiat currency amid global inflation. He emphasizes the importance of a predictable money supply and government restraint, while also discussing the integration of crypto payments into his social network platform, X, positioning it as a future 'super app' in the financial ecosystem.

Fake Crypto Websites on Google Ads: A $3M Christmas Scam

Discover how scammers used fake crypto websites on Google Ads to steal $3 million in a Christmas phishing scam. Learn how they operated and the impact on the crypto community.

Yagyesh Jaiswal

The $3 million Christmas phishing scam that targeted unsuspecting crypto users through fake websites on Google Ads serves as a stark reminder of the lengths cybercriminals will go to steal cryptocurrencies. It is imperative for individuals to exercise caution and stay informed about the latest scamming techniques.

Bitcoin Hashrate Soars, Miners Struggle

Discover the impact of Bitcoin's all-time high hashrate on miners' profitability. Explore the challenges miners face and the concerns it raises for investors.

Yagyesh Jaiswal

The Bitcoin network's hashrate hitting a new all-time high is a testament to its growing strength and security. However, this achievement brings forth challenges for miners who are already facing profitability concerns.

South Korean Crypto Price Fixer's Escape Stopped by Storm

A storm in South Korea has thwarted a suspected crypto price fixer's attempt to flee to China. Learn more about the incident and its implications for the cryptocurrency market.

Yagyesh Jaiswal

The capture of a suspected crypto price fixer in South Korea serves as a reminder that illegal activities will not go unnoticed in the cryptocurrency market. Authorities are actively working to maintain the integrity of the market and protect investors. As the industry continues to evolve, it is crucial for participants to adhere to ethical practices and contribute to a transparent and fair ecosystem.

UAE Enhances Crypto Regulations in Line with Global Standards

Discover how the United Arab Emirates (UAE) is strengthening its regulations on digital assets to combat money laundering and ensure compliance with global standards.

Yagyesh Jaiswal

The United Arab Emirates is setting an example by strengthening its regulations on digital assets in line with global standards. This move demonstrates the UAE's commitment to combating financial crimes and fostering a safe and transparent environment for digital currency transactions.

AltSeason is Approaching as Bitcoin Dominance Wavers.

Bitcoin dominance is decreasing, indicating the possibility of an AltSeason. Discover when this anticipated event may begin and its potential impact on the cryptocurrency market

Yagyesh Jaiswal

AltSeason is on the horizon as Bitcoin dominance trembles. The drop in Bitcoin dominance and the potential for altcoins to gain more attention from investors suggest that an AltSeason may be imminent.

Federal Reserve's Balance Sheet Hits Record Low Since 2021

Explore the significant shrinkage of the Federal Reserve's balance sheet in 2023, reaching its lowest point since April 2021, as it continues aggressive quantitative tightening.

Yagyesh Jaiswal

The Federal Reserve's balance sheet has shrunk to its lowest point since April 2021, due to aggressive quantitative tightening in 2023. This significant reduction marks a departure from the Fed's historical approach of quantitative easing during economic downturns, prompting questions about future financial strategies amidst economic uncertainties.

Hong Kong Regulators Show Willingness to Approve Spot Crypto ETFs

Hong Kong's SFC and HKMA signal readiness to consider spot crypto ETF applications, reflecting a shift in regulatory approach towards cryptocurrency investments.

Yagyesh Jaiswal

Hong Kong regulators are now open to approving spot crypto ETF applications, signifying a notable shift in their regulatory stance towards cryptocurrencies. This development, aligning with global trends, positions Hong Kong as a progressive player in the evolving world of cryptocurrency investments.

China Central Bank Urges Global Cooperation in Regulating Crypto.

The People's Bank of China has emphasized the importance of joint efforts by different countries in regulating cryptocurrencies and decentralized finance (DeFi) in its latest financial stability report.

Yagyesh Jaiswal

The People's Bank of China's call for global cooperation in regulating cryptocurrencies reflects the increasing recognition of the need for unified oversight in the crypto industry. As governments and regulators worldwide navigate the complexities of crypto regulation, collaboration becomes crucial in ensuring the long-term stability and security of digital assets.