The fusion of social media and decentralized finance has given birth to a groundbreaking concept known as SocialFi. This innovative approach redefines user engagement by offering digital currency rewards for every interaction on social media platforms. SocialFi empowers users and creators by providing them with more control over their content and the opportunity to profit
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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
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
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
The recent resurgence in the Bitcoin spot ETF market is evident from the consecutive weeks of positive inflows, marking a significant shift from previous low investment activity. This turnaround reflects a rise in investor confidence over the past two weeks, with the market recording a total net inflow of approximately $252 million on Friday, May