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Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump. The revelation comes as the token’s association with the Trump campaign remains unverified, stirring significant speculation and controversy. ‘Pharma Bro’ Martin Shkreli Allegedly Co-Creates Trump Crypto Token In a recent … Read more
A newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain. Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another … Read more
The price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings. This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days. Another wallet related to the #beercoin team is selling … Read more
New York Rep. Alexandria Ocasio-Cortez has criticized the involvement of Fairshake, a crypto-focused super PAC, in New York’s 16th congressional district democratic party elections. Ocasio-Cortez qualified the media campaign against incumbent Jamaal Bowman, valued at over $2 million, as “corruption” and a “core threat to American democracy” on social media. Alexandria Ocasio-Cortez Tells Crypto PAC … Read more
The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. … Read more
According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak, Aiming to Ease Defi Transition Transak, a Web3 payments infrastructure provider, has added … Read more
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have been affected by corruption cases involving crypto, watchers report that these tools will keep diverting funds from regular channels. Venezuelan … Read more
A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend. It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million. Inactive for Six Years, whale … Read more
Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value. Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022. … Read more
According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-counter (OTC) liquidity for numerous cryptocurrencies, now holds a Bitlicense. This business … Read more