In recent years, Hong Kong has seen a surge in fraudulent activities in the cryptocurrency space. The Securities and Futures Commission (SFC) and local law enforcement have issued a joint warning against a scam entity posing as the legitimate crypto exchange MEXC Global. These scammers have been luring unsuspecting victims into a crypto investment scam,
Over the past few days, the price of the Dymension Network’s native token, DYM, has experienced a significant increase following a successful airdrop. The airdrop distributed over 70 million DYM tokens, estimated to be worth $400 million. However, the launch of the token coincided with technical issues with the Dymension mainnet, raising concerns about its
As the cryptocurrency market continues to rally, investors are increasingly seeking opportunities in smaller-cap altcoins. With Bitcoin leading the way and approaching the $48,000 mark, there is a growing appetite for higher-risk investments. While Bitcoin and Ether are showing promising gains, smaller altcoins often offer the potential for faster and more significant returns. In this
In the past four months, the total assets under custodial accounts have experienced a staggering 250% increase in response to the growing enthusiasm surrounding the spot Bitcoin exchange-traded fund (ETF). This surge has been linked to various factors, including the overall performance of the crypto market, increasing anticipation of a bull run among users, and
In her recent testimony before the Senate Banking, Housing, and Urban Affairs Committee, Treasury Secretary Janet Yellen sounded the alarm on the need for stricter regulatory measures for cryptocurrencies and heightened vigilance when deploying artificial intelligence (AI) in financial services. Yellen highlighted the increasing complexity and potential risks within the digital asset sector, as well
In the latest major airdrop development on Solana, meme coin Smog Token (SMOG) has made headlines by announcing its shift into a multi-chain ecosystem using Wormhole. The success of Smog Token’s launch, coupled with the anticipation surrounding its airdrop campaign, has positioned it as a new major player in the crypto market. Smog Token’s launch
As the Lunar New Year approaches, the anticipation for the Year of the Wood Dragon is growing worldwide. Communities are buzzing with excitement as they prepare for celebrations and reunions with loved ones. This particular Lunar New Year holds a special allure due to the presence of the enigmatic MetaStones DAO. MetaStones is auctioning a
Bitcoin experienced a significant breakthrough on February 9th as it surpassed the $46,000 mark, effectively overcoming a substantial resistance level at $44,000. This resistance had hindered the asset’s price increases since the introduction of spot Bitcoin ETFs in the United States about four weeks prior. The breakthrough is particularly notable as it signals the conclusion
Cardano (ADA) has recently seen a surge in trading activity, with a price increase of over 7% on Thursday, reaching $0.53. After a volatile January, analysts and social media users are now speculating on the various factors that could influence ADA’s future trajectory. This article will delve into some of these factors and their potential
Bitcoin (BTC) has achieved a significant milestone, crossing the $46,000 mark for the first time since its ETFs’ debut trade on January 11. This surge in value comes as a relief to early investors in BTC, who had experienced a rocky start to 2024. Despite the approval of eagerly awaited exchange-traded funds, BTC faced a