Month: May 2024

Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability

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The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis without safeguards.” RBI Bulletin’s Crypto and Defi Warnings India’s central bank, the Reserve Bank … Read more

Ebury Botnet Expanding: Malware Continues to Steal Cryptocurrency

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ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still affected as of late 2023. The operators of Ebury have diversified their illegal … Read more

Solana Memecoin Dogwifhat ($WIF) Sees Price Surge And Sharp Drop Amid Whale Activity

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Yesterday, the popular Solana-based memecoin Dogwifhat ($WIF) experienced a significant price surge, climbing from $2.80 to above $3.20. However, this rally was short-lived as large transactions by whales created notable volatility. On-chain data from Lookonchain revealed that two major buyers purchased a combined total of 701,668 $WIF, valued at approximately $2.04 million. One whale, operating … Read more

15.246 Billion Floki Tokens Successfully Burned

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In a decisive move that underscores the commitment of the Floki community, 15.246 billion $FLOKI tokens have been successfully burned following a vote by the Floki DAO. This action received overwhelming support, with 99.84% of participants voting in favor of the burn. The burning of $FLOKI tokens is a strategic measure aimed at increasing the … Read more

US Congress Building Pro-Crypto Army, Lawmaker Says

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Crypto is gaining momentum among U.S. lawmakers. Senator Cynthia Lummis stated: “We are building a pro-crypto army in Congress.” This declaration came shortly after the House of Representatives passed the landmark Financial Innovation and Technology for the 21st Century Act (FIT21) crypto bill, despite opposition from the White House and SEC Chairman Gary Gensler. ‘We … Read more

SEC Approves First Eight Spot Ether ETFs

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The Securities and Exchange Commission (SEC) has approved the first eight proposals for spot ether exchange-traded funds (ETFs). According to a document issued on May 23 that orders grating an accelerated approval for these products, NYSE Arca obtained permission to list the Grayscale Ethereum Trust and the Bitwise Ethereum ETF, Nasdaq can now list the … Read more

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