Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.
Grant Colthup, the former CEO of Mine Digital, faces serious fraud charges for allegedly stealing $1.5 million from a customer. This transaction occurred just two months before the firm collapsed in September 2022. The Australian Securities and Investments Commission (ASIC) announced the charges on October 21, detailing a transaction that
October 22, 2024 2 mins read
The current price of NEIRO stands at $0.001757, showing a 4.50% decrease in the past 24 hours. Its market cap has dropped by 4.50%, now sitting at $738.96 million. Trading volume has surged, increasing by 18.04% to reach $328.29 million in the same period. The volume-to-market cap ratio of 44.82%
October 22, 2024 2 mins read
The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a
October 21, 2024 2 mins read
Vitalik Buterin recently addressed significant issues facing Ethereum’s staking and block production mechanisms. He emphasized the urgent need for innovative solutions to enhance the network’s performance. Firstly, Buterin noted the disparity in staking rewards among validators. Currently, some validators earn substantially more than others, leading to centralization. To counter this,
October 21, 2024 2 mins read
Stripe has acquired stablecoin platform Bridge in a landmark deal valued at $1.1 billion. TechCrunch founder Michael Arrington confirmed the news on X, making it Stripe’s largest acquisition ever. The deal also stands as the biggest acquisition in the history of the cryptocurrency industry. Bridge provides software that allows businesses
October 21, 2024 2 mins read
The UAE’s Ras Al Khaimah Digital Assets Oasis (RAK DAO) plans to introduce a legal framework for decentralized autonomous organizations (DAOs). This framework will be discussed at the DAO Legal Clinic, an event organized by the law firm NeosLegal, on October 25. Significantly, the new framework aims to clarify the
October 18, 2024 2 mins read
Radiant Capital, a cross-chain lending protocol backed by Binance Labs, fell victim to a serious cyber attack. It resulted in losses exceeding $50 million in cryptocurrency On October 16, 2024. This incident underscores the significant vulnerabilities within decentralized finance (DeFi) platforms. Attackers gained control of the private keys belonging to
October 18, 2024 2 mins read
Chirag Tomar, a 31-year-old Indian Citizen, was sentenced today to 60 months in prison for his role in a cryptocurrency spoofing scheme that defrauded victims of more than $20 million. U.S. District Judge Kenneth D. Bell issued the sentence in Charlotte, North Carolina. Tomar’s scheme involved hundreds of victims worldwide,
October 18, 2024 2 mins read
The real-world asset (RWA) tokenization sector is expected to grow remarkably, with estimates predicting an increase of up to 50 times by 2030. A recent report by Tren Finance indicates that the market size could soar from its current valuation of approximately $185 billion to between $4 trillion and $30
October 16, 2024 2 mins read
John Deaton and Elizabeth Warren engaged in a Senate debate on cryptocurrency regulations, showing clear differences in their views. Deaton, a crypto advocate, argued for a balanced approach. He warned that over-regulation could stop innovation in the sector. He pointed to Bitcoin and XRP as examples of crypto’s ability to
October 16, 2024 3 mins read