Analysts from QCP Capital have indicated that the imminent decision on the approval of spot Ethereum exchange-traded funds (ETFs) could lead to a significant short squeeze, potentially driving the price of ETH back to recent highs. This prediction comes despite the current cautious sentiment among investors. In a recent report, QCP Capital analysts highlighted a ...
In an exciting fusion of fashion and technology, Imaginary Ones, a web3 entertainment firm, has partnered with fashion brand HUGO to introduce a groundbreaking customizable denim jacket integrated with web3 features. According to a press release shared with crypto.news, this special-edition denim jacket is part of HUGO’s new HUGO BLUE line, focusing on denim and ...
Bitcoin (BTC) is currently struggling to maintain its footing in a bearish market zone, trading below the crucial $67,000 mark. After briefly reaching an intraday high of around $67,600, BTC has seen a 0.7% decline in the past 24 hours, now trading at $66,500. The asset’s market capitalization teeters on the edge of $1.3 trillion. ...
The cryptocurrency market has experienced a remarkable surge in fundraising, reaching an impressive $2.4 billion in the first quarter of 2024, driven by a shift in market sentiment and fresh capital inflows. A recent analysis by PitchBook, a leading data provider for private and public market investors, highlights a significant increase in investment activity within ...
Venezuela has become the latest nation to ban cryptocurrency mining firms, citing the heavy energy consumption associated with their operations. According to local news outlet AlbertoNews, the Ministry of Electric Power plans to disconnect crypto-mining companies from the national power grid, Sistema Electrico Nacional (SEN), in a bid to control excess energy use and ensure ...
Jarett Dunn, the alleged mastermind behind the pump.fun exploit on the Solana memecoin protocol, has been arrested in London. According to Blockworks, British authorities apprehended Dunn, known online as @STACCoverflow, early on May 18. The arrest followed a detailed 26-hour intelligence operation led by a private intelligence firm hired by a third-party stakeholder. The operation ...
Oklahoma has enacted a new law to protect residents’ rights to self-custody digital assets, including cryptocurrencies, starting November 1. The legislation, known as OKHB3594, was signed into law by Governor Kevin Stitt with strong support from Republican legislators, including State Senators Bill Coleman and Dana Prieto, and State Representatives Brian Hill and Cody Maynard. This ...
Thomas John Sfraga, widely known in the cryptocurrency community as “T.J. Stone,” has pleaded guilty to wire fraud charges in a Brooklyn federal court. The U.S. Department of Justice (DOJ) revealed that Sfraga misled investors with promises of up to 60% returns within three months through a fictitious cryptocurrency digital wallet. Instead of delivering on ...
A Federal High Court in Abuja has refused to grant bail to Tigran Gambaryan, a Binance executive charged with money laundering and tax violations in Nigeria. On Friday, Justice Emeka Nwite denied Gambaryan’s bail, citing his potential flight risk and the seriousness of the allegations. Gambaryan, who serves as the head of financial crime compliance ...
In 2023, cybercriminals employing crypto drainers have increasingly funneled stolen funds into decentralized finance (DeFi) protocols, moving away from centralized exchanges. Data from Chainalysis indicates that nearly 75% of funds stolen via crypto drainers this year ended up in DeFi, a significant shift from 2020 when over 90% of such funds were directed to centralized ...
