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Sarala

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.

Posts by Sarala

scam

Scammers Drain $240,000 in NFTs on Blur Marketplace

In a concerning development for the crypto community, an adept scammer has executed a phishing scam on the Blur marketplace, making off with non-fungible tokens (NFTs) valued at approximately $239,676.  The victim, known as 0xQuit on X (formerly Twitter), reported the theft. That involved six Bored Ape Yacht Club NFTs,

July 3, 2024 1 min read
Is SHIB Ready for a Big Move with Lead Developer's Japan Talks?

Is SHIB Ready for a Big Move with Lead Developer’s Japan Talks?

Shiba Inu, a leading memecoin, has once again come to the spotlight. Shytoshi Kusama, the lead developer of the SHIB ecosystem, is currently in Kyoto, Japan, hinting at a significant moment for the project.  According to a post on X (aka Twitter), his visit isn’t just tourism, focusing on transitioning

July 3, 2024 1 min read
Toncoin and Cardano Lead Gains Amid Crypto Market Slump

Toncoin and Cardano Lead Gains Amid Crypto Market Slump

The global cryptocurrency market has displayed a notable downtrend recently. Following a substantial price surge, Bitcoin (BTC) briefly climbed above $63,700 before experiencing a decline that mirrored the overall market trend. In the past 24 hours, the global crypto market saw a bearish reversal, dropping over 2.32% to $2.26 trillion.

July 3, 2024 2 mins read
Is Binance US Ready for a Protracted Legal Battle with the SEC?

Is Binance US Ready for a Protracted Legal Battle with the SEC?

Binance US, the American arm of the giant cryptocurrency exchange, is prepared for an extended legal battle with the Securities and Exchange Commission (SEC). The company emphasizes its commitment to regulatory compliance while criticizing the SEC’s approach to enforcement. Despite a prolonged 11-month discovery process, the US entity claims that

July 2, 2024 1 min read
Is Ethereum Set for a Major Upswing or Continued Correction?

Is Ethereum Set for a Major Upswing or Continued Correction?

Over the weekend, the Ethereum market displayed a bullish trend and enjoyed a 5% jump to the $3,500 resistance zone. However, the momentum couldn’t be sustained as the cryptocurrency initiated declined below the $3,450 mark. This resistance has been a recurring challenge since June 6, when Ethereum failed to break

July 2, 2024 2 mins read
What’s Happening in the US Markets with Crypto

What’s Happening in the US Markets with Crypto

The US Marshals Service (USMS) has taken a significant step by partnering with Coinbase Prime to oversee its large-cap digital assets. The USMS, responsible for asset forfeiture under the Department of Justice, will support Coinbase’s custody and advanced trading services through a $32.5 million contract. This collaboration highlights the growing

July 2, 2024 1 min read
Tether Mints $1B USDT on Tron, Hits $33B in Yearly Issuance

Tether Enables USDT Payments for Philippines Social Security System

Tether, the world’s largest stablecoin issuer, has launched a new payment option for Filipino citizens. Through a partnership with Web3 firm Uquid, Tether now enables citizens in the Philippines to settle their Social Security System (SSS) contributions using USDT, a stablecoin pegged to the US dollar, on The Open Network

July 1, 2024 1 min read
Mog Coin Overtakes BOME with 100% Surge in Market Cap

Mog Coin Overtakes BOME with 100% Surge in Market Cap

Today, the global cryptocurrency market has shifted to a positive trend, with memecoins making significant strides. Among these, Mog Coin (MOG), an Ethereum-based memecoin, has seen a substantial increase in value, outpacing its competitor, BOOK OF MEME (BOME), in market cap and hitting an all-time high of $0.000002095. Over the

July 1, 2024 1 min read
Bitcoin (BTC) Shoots 5% Rally, a Sign of Rebound?

Bitcoin (BTC) Shoots 5% Rally, a Sign of Rebound?

Bitcoin (BTC) has displayed a significant surge, gaining over $3,000 in the past 24 hours and climbing to a high of $63,787. This increase comes as the weekend ends with higher trading volume and activity in the new week.  The price of Bitcoin has stabilized above the $63,000 mark, setting

July 1, 2024 2 mins read
XRP Price Consolidates Near $0.47 Amidst Ongoing Legal Uncertainty

Is Ripple (XRP) Headed for a Significant Breakout?

Today, the global cryptocurrency markets saw a modest uptick, with Ripple’s XRP showing a 2.62% gain over the past 24 hours, rising from a recent low of $0.4678 to a high of $0.48. This follows a recent dip, prompting speculation among analysts of a potential bullish reversal.  At the time

June 28, 2024 2 mins read