TONcoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market. According to recent analysis by CryptoQuant, the price of TON has outperformed Bitcoin by 118%. US traders seem to be bullish on TON, while European traders appear to be more skeptical. The on-chain analytics company identified different
The controversial Worldcoin project has recently encountered a significant setback as the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong issued an order for the Worldcoin Foundation to cease all operations in the region. The PCPD cited that the project’s practices were in violation of local privacy regulations, specifically regarding the
Recently, Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ in partnership with several industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This initiative aims to combat online fraud and financial schemes, while also focusing on educating and protecting users. The coalition emphasizes that scams are not limited
The history of Bitcoin is a fascinating journey from humble beginnings to unimaginable wealth. The infamous Bitcoin Pizza Day, celebrated on May 22, marks a momentous occasion in the cryptocurrency world when 10,000 BTC was exchanged for two Papa John’s pizzas. At the time, Bitcoin was valued at $0.0041, making the total cost of the
The recent approval of the Ethereum Spot ETF has stirred up a lot of speculations regarding its potential performance once it hits the trading market. Analysts like James Seyffart have weighed in on the subject, offering their thoughts on the possible level of investments that these funds could attract compared to their Bitcoin-based counterparts. Seyffart
Bitcoin experienced a rollercoaster week alongside the rest of the market, driven by both hype and real developments such as the approval of spot Ethereum ETFs in the United States. The week began with Bitcoin struggling to stay above $66,000 and dipping below this level at times. However, Monday saw a spectacular surge in price,
Recently, the price of Bitcoin surged to $71,000 following the news of the Ethereum ETF approval. However, the price quickly corrected to $67,000 and has since been consolidating. Despite this, Bitcoin whales have started showing increased activity in the market, accumulating significant amounts of BTC in the past few days. Whales, which are entities that
The cryptocurrency market has been witnessing a concerning trend in recent times, with tokens being launched with high valuations but limited initial circulating supply. This has raised questions about the sustainability of the potential upside for traders following the token generation event (TGE). The latest findings from Binance Research shed light on this trend, revealing
The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured