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Built on blockchain technology, Web3 aims to transform the internet with its decentralized structure and innovative applications. However, there are significant obstacles to this transformation.
Jun 12, 2024The cryptocurrency market is brimming with exciting developments, and the popular memecoin Shiba Inu (SHIB) has been positioning itself for a new rise recently. It seems that 5thScape (5SCAPE), an innovative AR/VR project, lies behind this rise.
Jun 12, 2024South Korea's financial world was shaken by a stunning security breach at Woori Bank. An unnamed employee of the bank attempted to steal $7.3 million with the ambition of increasing his personal wealth by taking advantage of the rapid rises in the cryptocurrency market. This incident revealed the weaknesses in the internal security measures of not only Woori Bank but all financial institutions and the dangers brought by the increasingly popular cryptocurrency market.
Jun 12, 2024The exchange-traded fund (ETF) world has become active again with the latest move by Tuttle Capital, known for its extraordinary offers. The company has applied for a new ETF that aims to invest by tracking stocks owned by members of the US Congress and their spouses.
Jun 12, 2024The average monthly change in Bitcoin retail demand has decreased over the past month. According to one analyst, this could be a precursor to a price increase previously seen in early 2024. Average Bitcoin demand has fallen to a five-month low among retail investors, falling to levels last seen in January – resulting in a 75% increase over the next two months.
Jun 12, 2024Spot Bitcoin ETFs, an important step in the integration of Bitcoin into the world of traditional finance, continue to attract the attention of investors. However, who is driving this interest and the real motivations behind the clear entries raise questions. At this point, Real Vision CEO Raoul Pal made a striking claim: Nearly two-thirds of net inflows could be due to arbitrage trading.
Jun 12, 2024After months of heated discussions in the SushiSwap ecosystem, the decentralized exchange SushiSwap comes up with a brand new brand and business model. The project, which has entered a new era under the name Sushi Labs, replaces the decentralized autonomous organization (DAO) structure with a "council structure".
Jun 11, 2024Bitcoin Suisse has issued a tokenized bond on the Obligate platform to raise new capital. Obligate is a platform that aims to transform capital markets using blockchain technology. Thanks to this platform, it becomes possible to move traditional bonds to the blockchain and trade them as digital assets.
Jun 11, 2024Polygon has taken an important step to accelerate the adoption of blockchain technology. Along with the Community Grants Program starting June 11, it will provide funds to developers to innovate on the network. This program aims to support the growth and strengthening of the Polygon ecosystem.
Jun 11, 2024The cryptocurrency market has once again been on a bumpy ride, and Notcoin (NOT) has had its share of this journey. The NOTE price has fallen sharply in the last 24 hours, losing 15% of its value and currently trading at $0.016. Despite this decline, its market cap still hovers around $1.64 billion, keeping it as the 58th largest cryptocurrency. The decline was not only limited to the price, but the daily transaction volume also decreased by 14%, falling to the level of 700 million dollars.
Jun 11, 2024In a statement published on Monday, the Federal Trade Commission (FTC) informed Americans about how they should behave if a romantic relationship they met online gives them investment advice.
Jun 11, 2024Europol, the European Union law enforcement agency, has opened a new front in the debate on the regulation of cryptocurrencies. In its recently published report on cryptographic encryption, Europol expressed concerns about cryptocurrency mining and layer-2 blockchain solutions. Concerns have been raised that these technologies facilitate illegal activities by criminal elements and complicate the work of law enforcement agencies.
Jun 11, 2024While the cryptocurrency market has been experiencing fluctuations lately, Akash Network (AKT) has been on the rise. Akash, one of the leading players in the decentralized cloud computing industry, draws attention with the 9% increase in value of its native token AKT in the last 24 hours. This increase makes AKT one of the biggest gainers among the top 100 cryptocurrencies.
Jun 11, 2024The cryptocurrency market has witnessed an interesting mix of seriousness and humor. While the sudden decline in GameStop shares dragged down a meme token parodying it, other popular meme coins also experienced losses. This revealed how the cryptocurrency market is intertwined with traditional finance and how retail investors influence volatility in the cryptocurrency market.
Jun 11, 2024Matter Labs, the main development firm behind the Layer-2 network called ZKsync era, has officially announced the distribution criteria for the long-awaited ZK token airdrop. According to the plan published on Tuesday, 17.5% of ZK's total 21 billion supply will be distributed to users as airdrop starting "next week".
Jun 11, 2024The cryptocurrency market has experienced a pullback after the recent rise of the leading cryptocurrency, Bitcoin. Bitcoin, the largest cryptocurrency by market value, fell over 2% to $67,900. This decline is a continuation of the trend away from the recent peak near $72,000.
Jun 11, 2024New York Attorney General Letitia James aims to protect immigrant communities and prevent fraud in crypto markets by filing one of the largest fraud cases in the cryptocurrency space on June 6. The lawsuit is filed against crypto trading company NovaTechFx, its co-founders Cynthia and Eddy Petion, and AWS Mining Pty Ltd, an alleged scam. filed against him.
Jun 7, 2024As of writing, W token is trading at $0.7113 and has gained 12% in value in the last 24 hours. According to CoinMarketCap data, the crypto asset's trading volume was $225 million in the same time period. Its market value is at 1.25 billion dollars.
Jun 7, 2024