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The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often … Read more
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by … Read more
The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states that UK regulation is versatile enough to support the network’s operations. UK Finance Concludes Experimentation Phase of Regulated … Read more
The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken’s crypto exchange, Arkham Intelligence said. Go to Source
Arthur Hayes, the founder of BitMEX, made a splash in the memecoin market just days ago, investing a hefty $500,000 in two trending tokens, $PEPE and $MOG. However, the move has proven costly. Arthur Hayes, the founder of @BitMEX, made a bold move into the meme coin world just a few days ago, splashing $500K … Read more
Bitwise’s recent filing for an XRP ETP (Exchange-Traded Product), not to be confused with an ETF (Exchange-Traded Fund), has triggered a notable on-chain reaction. The filing coincides with increased whale activity and social media buzz, alongside an impressive $2.39 billion in transaction volume—the highest in eight months. These signals hint at possible bullish momentum for … Read more
From January to September 2024, the total supply of stablecoins expanded significantly, increasing by 32.4%. Ethereum, which remains a key player in the space, saw its own stablecoin supply rise by 25.5%, amounting to $17.2 billion. Despite this growth, Ethereum’s dominance in the stablecoin market dropped slightly, from 51.9% to 49.1%, as the overall sector … Read more
Aerodrome Finance has made a major impact on Base, the Layer 2 Ethereum network developed by Coinbase, funneling over $1 billion into the platform. Aerodrome Finance has funneled over $1 billion into Base, a Layer 2 Ethereum network nurtured by Coinbase, claiming more than half of its $2 billion total value locked (TVL). As the … Read more
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the … Read more
TRON has reported its highest-ever quarterly revenue, reaching $577 million in Q3 2024—a 43% increase from Q2. Justin Sun, TRON’s founder, expressed optimism that Q4 will see even greater growth. This surge places TRON well ahead of its competitors, with revenue more than twice that of Ethereum ($253 million), five times higher than Solana ($105 … Read more