Shardeum, the world’s first EVM-based L1 blockchain, recently curated a colossal buzz of inferences among crypto market enthusiasts globally as the network geared up with updates orbiting phase 1 of its SHM airdrop. Nischal Shetty, Co-founder of Shardeum, recently proclaimed that the network released a draft version of the Shardeum phase 1 airdrop yesterday, garnering […]
Crypto In Spotlight as UK FCA Unveils Money Laundering Report
The Financial Conduct Authority (FCA) has highlighted the potential for exploitation in the cryptocurrency sector for money laundering activities. In a recent risk assessment report covering 238 firms, the FCA included crypto firms among the highest risk categories alongside retail and wholesale banking and wealth management sectors. The FCA, a financial regulator in the U.K., […]
4 Altcoins Set To Outperform Ethereum In February 2024
4 Altcoins Set To Outperform Ethereum In February 2024: As Ethereum experiences a downward trajectory, several alternative cryptocurrencies are gaining momentum, potentially outshining the well-known Ethereum in February 2024. These emerging altcoins, namely RNDR, XRP, ZETA, and SEI, show promising developments and market movements. This shift in the crypto landscape suggests a dynamic change, where […]
Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence
In March 2024, a New York Jury slapped fraud charges against Terraform Labs and its co-founder Do Kwon with the U.S. regulators demanding them to pay $5.3 billion in penalty. However, the lawyers representing Terraform have refused these allegations stating that the firm sold most of the UST stablecoins outside the United States. Terraform Lawyers […]
AI News: OpenAI CEO Sam Altman Teases Update to GPT-4
A new post from Sam Altman suggests that there might have been an upgrade on the OpenAI’s GPT-4 algorithm. The OpenAI GPT-4 Upgrade Sam Altman, the CEO of Artificial Intelligence (AI) firm OpenAI stated that ChatGPT-4 had a “slow start on its new year resolution but should now be much less lazy now.” This statement […]
5 Altcoins To Buy Before Hitting $1 Billion Market Valuation
The cryptocurrency market is buzzing with potential giants yet to hit a $1 billion valuation. Key among these are the Ordi token (ORDI), Orion (ORN), DeXe Protocol (DEXE), Synthetix (SNX), and Mina Protocol (MINA). Each Altcoin to buy stands out for its innovative solutions and strong community backing, positioning it as a lucrative investment for […]
Hong Kong Reveals Crypto Deadline For Investors, What’s It?
As the clock ticks towards the end of the transition period, Hong Kong’s crypto landscape is undergoing a seismic shift. Investors are now at a crucial juncture, facing an ultimatum set by the China Securities Regulatory Commission (CSRC). Notably, the Securities and Futures Commission (SFC) has issued a stern reminder, urging investors to scrutinize the […]
Dropbox Hit With Massive Data Breach, Here’s What Happened
The cloud storage platform, Dropbox confirmed there was a massive data breach by hackers who gained access and compromised sensitive customer information. The breach enabled the hackers to gain unauthorized access to a service account that was part of the product’s back-end. What Happened and What Was Compromised? According to a data breach notification published […]
Ronin Network’s RONIN Token Tumbles 20% After Binance Listing
Binance, the world’s leading cryptocurrency exchange, recently revealed plans to list the Ronin network’s native token on its platform, nabbing noteworthy attention across the global crypto realm. With this listing, Ronin, an Ethereum sidechain network designed for gaming, advances further with its cryptographic venture, fueling speculations among crypto market enthusiasts globally. Ronin Listing Emerges Amid […]
Coinbase Talks About SEC Lawsuits and Political Donations In Investor Letter
On Thursday, May 2, cryptocurrency exchange Coinbase (NASDAQ: COIN) announced its Q1 results with higher-than-expected revenue amid the strong run-up in the cryptocurrency market and the launch of the spot Bitcoin ETFs. Coinbase Opens Up About SEC Lawsuit Coinbase Global Inc. delved into its ongoing legal matters with the US Securities and Exchange Commission (SEC) […]