Crypto News Center

India To Lead Web3 Innovation by 2027, Says Report

By Philip Maina 12 hours agoSat Dec 07 2024 11:59:14 Reading Time: 2 minutes India is set to lead in web3 innovations by 2027 according to a new report The report shows that roughly 12% of crypto developers are in India India is also experiencing a rise in web3 startups and investments A new report has revealed that India is set to lead in web3 innovations within the next two...

Judge Cuts Number of SEC Charges Against Binance

By Mark Hunter 1 month agoMon Jul 01 2024 08:28:39 Reading Time: 2 minutes A federal judge has dismissed some charges in the SEC vs. Binance case Judge Amy Berman Jackson has allowed certain charges relating to BNB to move forward while others remain Charges related to secondary BNB sales and Simple Earn were dismissed In a significant development in the ongoing legal battle between the US Securities and Exchange...

Naira Continues to Appreciate at Official Market

Naira Against Dollar Naira Continues to Appreciate at Official Market The naira has continued to strengthen on the official trading window, the Nigerian Autonomous Foreign Exchange Market, as the Central Bank of Nigeria launched the new Electronic Foreign Exchange Matching System this week. According to data on the CBN website on Thursday, the naira closed trading at 1,567/$ compared to the closing rate of Wednesday which was 1,608/$. This marked...

Potential Altcoin Season in August, Says JPMorgan

The altcoin season is one of the most anticipated events this year, as non-Bitcoin investors have been waiting for profits for a long time now. The chances of an altcoin season rose prior to the recent crash, but there are hopes for the coming month. JPMorgan Is Bullish on Recovery In a recent research report, JPMorgan noted that they expect Bitcoin and the crypto market to rebound in August. The...

Pudgy Penguins Announces Mobile Game, Pudgy Party

By Philip Maina 1 month agoSun Nov 03 2024 08:00:43 Reading Time: 2 minutes NFT project Pudgy Penguins is working on a mobile game known as Pudgy Party The game will be developed in partnership with blockchain game platform Mythical Games It is scheduled for release in 2025 NFT project Pudgy Penguins continues to explore more ways to interact with its fans and has announced a mobile game known as...

Altcoin Season? Not Even Altcoin’s Month Right Now

Bitcoin’s price drop generally causes both concern and celebration, but the last few instances have only been the former. The dependence of the altcoins on Bitcoin has left them impaired, resulting in a failed Altcoin Season. Where Does Bitcoin Stand? Bitcoin’s price has declined sharply by 4% over the past 24 hours, dropping to $54,300. The dip below $55,000 raises concerns among investors, as this level represents the last significant...

Cambodia crackdown locks out 16 crypto exchanges

Michael Saylor said Bitcoin represents the “greatest digital transformation of the 21st century” Saylor believes it “makes sense” for Microsoft to buy and hold Bitcoin rather than buy stock back or hold bonds Over the past five years, Saylor said that Microsoft has surrendered hundreds of billions of dollars of capital Michael Saylor has told Microsoft that Bitcoin is the best asset a company should own, claiming it represents the...

Bitrace Discovers New Crypto Scam Using QR Codes

By Philip Maina 3 days agoSat Aug 10 2024 09:38:50 Reading Time: 2 minutes Bitrace has discovered that scammers are now using QR codes to steal funds Scammers are asking victims to scan QR codes under the guise of a payment transfer test Bitrace noted that the scammers target crypto users open to conducting over-the-counter trades Crypto scammers continue inventing new ways to siphon funds from unsuspecting victims with their...

Daily Active Ethereum Addresses Rise by Over 120%

By Philip Maina 2 weeks agoSun Jul 28 2024 12:11:13 Reading Time: 2 minutes Active addresses across the Ethereum blockchain have increased by over 120% in six months Ethereum-based networks with the highest daily active addresses include Base and Linea The rise in active addresses across the blockchain is influenced by ongoing campaigns by the blockchain’s scaling layers The Ethereum blockchain registered an uptick in daily active addresses in the...

Cleveland Man Loses $400,000 in Apple Support Scam

By Mark Hunter 5 days agoFri Nov 29 2024 10:51:33 Reading Time: 2 minutes Federal authorities recently seized nearly $1 million in cryptocurrency linked to a scam that defrauded an elderly Ohio man of his life savings The victim was deceived by fraudsters posing as Apple support representatives, who gained remote access to his computer The funds were seized and are in the process of being returned to the victim...