A cryptocurrency trader in Karachi, Pakistan, faced a terrifying ordeal on December 25, 2024. Mohammed Arsalan, aged 30, was abducted by a group of armed men and forced to transfer $340,000 from his Binance account. The suspects included seven individuals, one of whom was an officer from the Counter-Terrorism Department
Ripple has intensified its U.S. hiring efforts, crediting a favorable shift in the crypto regulatory climate under President-elect Donald Trump. The company has doubled its U.S. hiring compared to 2023, expanding into larger offices in cities like San Francisco and New York. 2025 is here and the Trump bull market
Ethereum co-founder Vitalik Buterin suggests a temporary pause to global computing power to prepare for superintelligent AI. Considering the current rapid development of AI technology, Buterin forecasts a threat to humanity by superintelligent AI. His concerns include irreversible human disempowerment or doom by superintelligent AI in the near future. Buterin
This week brings glad tidings to the crypto community in the form of the largest cryptocurrency surpassing $100K. Bitcoin has gone full bullish as it reclaimed the $102K zone, though briefly, for the first time this year. Meanwhile, Michael Saylor has suggested an intriguing proposition to increase the cryptocurrency’s value
After two long years, FTX, the cryptocurrency exchange that collapsed in November 2022, has finally started repaying its customers. As of January 3, 2025, the court-approved Chapter 11 Plan of Reorganization is now in action, marking an important step in the company’s efforts to settle creditor claims. The FTX Debtors
Crypto.com has launched stock and exchange-traded fund (ETF) trading for users in the United States. The new feature is available in Pennsylvania, Ohio, Washington, and Arizona. The company announced this expansion on Thursday, January 2, 2025. US users, you can now add stocks and ETFs* to your portfolio! Available in
A California resident, Ken Liem, has filed a lawsuit against three Asian banks for failing to prevent a cryptocurrency scam that cost him nearly $1 million. The legal filing in a California district court on December 31, 2024, alleges negligence and lack of due diligence by the banks. Liem became
The Frax community has approved FIP-418, allowing BlackRock’s BUIDL token to collateralize the frxUSD stablecoin. This proposal passed unanimously after six days of voting, Frax Finance announced on Thursday. BlackRock’s BUIDL token, a tokenized money market fund, invests in U.S. Treasury bills, cash, and repurchase agreements. It ensures stability, liquidity,
Every time new ATH values of Bitcoin and altcoins record in the market, the growth goes beyond market prices. Similar to the 2021 bull run, 2024 has also witnessed significant growth in overall crypto adoption. However, as analysts and industry leaders predict, a much bigger crypto bull run is yet
Decentralized social media platform Lens Network is set to enhance its features with new smart contracts release. As the project is still in its early stages, CEO Stani Kulachov announced its plans to release innovative smart contracts. Stani Kulachov is the CEO of one of the top DeFi protocols, Aave
