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Abarajitha T

An English graduate emerging into the crypto world, captivated by its boundless potential and opportunities for innovation and growth.

Posts by Abarajitha T

Banana Gun Vows $3M Compensation After Telegram Bot Exploit

Banana Gun Vows $3M Compensation After Telegram Bot Exploit

In a recent post on X, Banana Gun announced plans to refund $3 million stolen from users affected by a Telegram bot exploit last week. The incident impacted eleven users, with hackers stealing 563 ETH from 36 separate wallets associated with the bot. Notably, Banana Gun confirmed that no tokens

September 25, 2024 2 mins read
Binance Assists India ED in Exposing $48M Fiewin Scam

Binance Assists India ED in Exposing $48M Fiewin Scam

The Indian Enforcement Directorate (ED) has arrested four individuals in connection with a massive $47.6 million scam involving the Fiewin app. It lured users into online gambling and gaming with deceptive promises. Binance’s Financial Intelligence Unit (FIU) played a crucial role in tracing the funds associated with this fraudulent network.

September 25, 2024 2 mins read
Dogecoin

Is Dogecoin on the Verge of a Bullish Breakout?

Dogecoin is experiencing a bullish momentum at press time. DOGE is the top memecoin with 1.21% in market cap next to SHIB. DOGE is currently trading at $0.11006, reflecting a 2.34% increase in value. Over the past 24 hours, trading volume has surged to $701 million, up 16.29%, contributing to

September 25, 2024 2 mins read
Kraken

Kraken Expands European Footprint with Acquisition of BCM

Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and its adaptability to the evolving cryptocurrency landscape despite its legal fight with the SEC by requesting a jury trial. The

September 24, 2024 2 mins read
Sam Bankman Fried SBF

Is SBF’s Trial Behaviour Misinterpreted Due to His Neurodivergence?

Sam Bankman-Fried, was once a prominent figure in the cryptocurrency world. Claimed in November 2023 that he had become “the most hated man on earth” due to his role in the collapse of FTX. He was sentenced to 25 years in prison and fined $11 billion after being found guilty

September 24, 2024 2 mins read
Polymarket Sees $533M Trading Volume in September as US Election Draws Near

Polymarket Targets $50M Funding with Hints of a Token Launch

Polymarket, a blockchain-based prediction market, is reportedly in discussions to secure over $50 million in new funding, as reported by The Information. The platform is also exploring the possibility of launching a dedicated token, which could enhance its betting market functionality. If successful, this token is anticipated to be a

September 24, 2024 2 mins read
XRP

Is XRP Price Up for a Bullish Upswing or a Bearish Dip?

XRP recently outperformed many cryptocurrencies but is currently trading at $0.5861, reflecting a 1.63% decrease. The 24-hour trading volume stands at $940 million, a 14.94% drop, while the market capitalization is approximately $33 billion, down 1.67%.  Ripple CEO Brad Garlinghouse, recently addressed a concerning incident involving the Supreme Court of

September 23, 2024 2 mins read
Will Ethereum Break Free from Its Mixed Market Signals?

Is Ethereum Poised to Break Through the $2.7K Barrier?

At the time of writing, Ethereum (ETH) is trading at $2,676, reflecting a 3.10% increase over the past 24 hours. This surge is accompanied by a robust trading volume of $15 billion, marking a significant 46.85% uptick.  In the institutional space, US spot ETH ETFs recorded a daily net inflow

September 23, 2024 2 mins read
El Salvador

El Salvador  President Engages with Elon Musk on AI and Technology

El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the country’s commitment to integrating cryptocurrency into its

September 21, 2024 2 mins read
cbBTC

Coinbase Introduces cbBTC Integration with Solana at Breakpoint 2024

Hassan Ahmed, Country Director of Coinbase, announced at Solana Breakpoint 2024 held on September 20-21 in Singapore, that Coinbase plans to introduce its native cbBTC token to the Solana blockchain. This announcement has sparked excitement among crypto investors, as it signals a strategic expansion for the cbBTC token. Originally launched

September 21, 2024 2 mins read