The value of the Normie (NORMIE) token plummeted by a staggering 99% in just three hours following a smart contract exploit. This unfortunate event saw the market cap of the token drop from $42 million to a mere $200,000 in a very short amount of time. The developers of the Base meme coin, where Normie
Scams
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 recent surge in the price of the APPLE meme coin has captured the attention of the cryptocurrency market. The price of APPLE skyrocketed by an astonishing 76,926% overnight following the launch of Apple’s latest iPad model. Despite the lack of official affiliation with the tech giant, the decentralized nature of meme coins allows for
The SPACEX token, launched by a dedicated Elon Musk enthusiast and developer, has recently gained significant attention in the crypto space. With remarkable gains and a market price of $138, representing a 24-hour change of +78,940%, SPACEX has quickly become a hot topic in the market. The token’s surge in price is attributed to its
The recent announcement of Sony and Microsoft’s plans to incorporate blockchain technology into their consoles has sparked a new era in the gaming industry. By integrating Non-Fungible Tokens (NFTs) into Playstation and Xbox games, players will have the opportunity to truly own their in-game assets and trade them with others. This shift towards ownership of
The current state of the cryptocurrency market is highly influenced by geopolitical tensions, particularly between Iran and Israel, along with strong US economic data. These factors have led to a bearish sentiment in the broader crypto market, causing traders to shift their focus towards on-chain micro-cap markets in search of top crypto gainers. The tension
Bitcoin Layer 2 solutions have been the subject of significant debate and controversy within the cryptocurrency community. Mononaut, the founder of Mempool, has been particularly vocal in his criticisms of these solutions. He argues that if a Bitcoin Layer 2 solution does not support unilateral exit, it essentially functions as a multi-signature system rather than
According to IRS criminal investigation chief Guy Ficco, there has been a noticeable increase in taxpayers committing tax crimes related to cryptocurrency. These crimes, categorized as “pure crypto tax crimes,” encompass a range of violations falling under Title 26 of the US Code, specifically federal income tax violations. Some examples of these crimes include failing
In recent times, there has been a noticeable increase in crypto crimes globally, spurred on by the booming market. One of the most vulnerable groups being targeted by fraudsters are elderly individuals, who are often convinced through various means to exchange their funds for cryptocurrencies with the promise of substantial investment gains. This alarming trend
The Financial Conduct Authority (FCA) in the UK has recently released guidelines addressing meme-based marketing for financial products, targeting both financial services firms and social media influencers. The aim is to ensure transparency and prevent misleading marketing practices in regards to cryptocurrencies and other investments. The FCA’s guidelines emphasize the importance of obtaining approval from