Bad actors hacked the Instagram account of fast food giant McDonald’s and promoted a meme coin based on Solana. On his X (formerly Twitter) account, which is believed to have been compromised, the company’s director of marketing also published a relevant message. After hacking into McDonald’s Instagram account, the hacker
Polygon’s MATIC token has emerged as a beacon of hope in an otherwise tepid cryptocurrency market, captivating investors with a price surge and a decisive bullish breakout. This remarkable performance stands in stark contrast to the struggles faced by market leaders Bitcoin (BTC) and Ethereum (ETH), positioning MATIC as a
Ripple’s XRP has staged a remarkable comeback, breaching a critical resistance level that has historically acted as a bulwark against major corrections. This resurgence has ignited a wave of optimism among investors, aligning with observed patterns of positive market behavior and setting the stage for potential further gains. The Relative
Vitalik Buterin, co-founder of Ethereum (ETH), has proposed the “Plurality” philosophy to address the conflict between the cryptocurrency ecosystem and more conventional forms of governance. Though he acknowledges that this pluralistic approach may improve current systems, he fails to see any chance of a substitute. American writer and economist Glen
Investors in the cryptocurrency market have taken notice of the latest declaration from top stablecoin issuer Tether. The USDT issuer recently announced plans to create and release a stablecoin linked to the UAE dirham in an X post. Taking advantage of the increasing use of blockchain technology in the Middle
Justin Sun, the founder of Tron, launched SunPump on August 13, positioning it as a competitor to Solana’s Pump.fun token generator. In just eight days since its debut, SunPump has generated over $1 million in revenue. As a memecoin deployer on the Tron network, SunPump has quickly gained traction, earning
Abu Dhabi is taking significant steps towards regulating fiat-referenced tokens (FRTs), a specific type of stablecoin. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) introduced a proposed framework on August 20. It aimed at overseeing the issuance and operation of FRTs. FRTs are digital assets
TON and TRX have been standout performers in the crypto asset class recently. Current market structures suggest an altcoin dominance, potentially leading to significant gains for both tokens. Conversely, DIGI has consistently drawn bullish sentiment from analysts, who predict it will outshine both TON and TRX as altcoin dominance fuels
This week, the global cryptocurrency market has shown signs of recovery, with many tokens displaying positive price movements. However, the Fear and Greed Index remains at 45, indicating a neutral market sentiment. Despite this, the global crypto market cap has decreased by 1.59% to $2.1 trillion, and the total market
A crypto whale has fallen victim to a phishing attack, losing a substantial 55.47 million DAI tokens ($55M) after negligently signing a fraudulent transaction. According to the on-chain data, the funds were stored in the vault of Maker, a decentralized finance (DeFi) protocol built on Ethereum. However, the ownership of
