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Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program … Read more
Last week, Api3DAO launched its OEV network, an innovative on-chain solution designed to recover oracle extractable value (OEV) for decentralized applications (dApps) and DeFi protocols. This initiative aims to save millions of dollars for DeFi protocols by enhancing their efficiency and reducing operational costs. #API3 keeps delivering They launched OEV network, an on-chain solution aimed … Read more
In a remarkable turn of events, the meme cryptocurrency $FIGHT has skyrocketed by 7500% over the past two days, offering substantial gains for early investors. Those who bought in within the first two hours are seeing significant returns as interest in the token surges. According to on-chain data, 10 Smart Money wallets and 56 Smart … Read more
Scroll, a prominent Ethereum Layer 2 network, has achieved a significant milestone by reaching $1 billion in total value locked (TVL). According to L2Beat, Scroll’s TVL surged by 21.9% over the past week, bringing it to $1.01 billion. This impressive growth makes Scroll the eighth Ethereum Layer 2 network to surpass the $1 billion TVL … Read more
MakerDAO has emerged as the standout performer in the multi-cycle DeFi space, surpassing Ethereum’s growth since the beginning of 2021. The DAO’s recent Endgame proposal has injected fresh momentum into its asset, bolstering its already robust fundamentals. In terms of revenue, MakerDAO has maintained a dominant position within the DeFi sector, capturing nearly 40% of all … Read more
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises … Read more
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea … Read more
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining hash rate dropping 18.8% after reaching an … Read more
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million to Fairshake, another pro-crypto super PAC, following a similar contribution in … Read more
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin as a safeguard against this financial apocalypse, urging former President Donald Trump and his VP pick, Senator J.D. Vance, to … Read more