Coinspeaker Crypto Exchange HTX Faces $258 Million in Net Outflows The HTX exchange, a digital asset trading platform associated with Tron founder Justin Sun, has experienced a net outflow of $258 million since resuming operations following a significant hacking incident. Following a security breach on November 22 that led to the temporary suspension of services […]
Bonk Displaces Pepe to Become Third-largest Memecoin
Coinspeaker Bonk Displaces Pepe to Become Third-largest Memecoin Solana-based memecoin Bonk (BONK) has successfully flipped Pepe on the list of the largest memecoins in terms of market capitalization. The move by the dog-themed token, however, may just have been helped by its recent price gains. In just 30 days, BONK saw an over 370% price […]
AI-Driven “Nudify” Platforms: A Deep Dive into the Alarming Surge and its Implications
Graphika reports a significant increase in AI-driven “nudify” services, with over 24 million users in September, raising privacy, legal, and ethical concerns. (Read More)
Pudgy Penguins Reveals Details About Upcoming Virtual World
Ethereum-based NFT collection Pudgy Penguins has revealed details about its upcoming Pudgy World, as it plans to make a foray into the gaming industry through its virtual world. It is described by Pudgy Penguins as a social open-world game that allows Pudgy Penguin NFT holders and owners of physical Pudgy toys to come together. Pudgy […]
Cardano chief’s casual tag leads to crypto chaos
Even minor actions can have serious consequences in the lightning-fast world of cryptocurrency. With this context in mind, consider the story of Charles Hoskinson, founder of Cardano, whose latest social media update triggered an ugly event in the cryptocurrency market. Recently, Hosinkson encountered controversy following a post in which he referred to his dog as […]
INJ prices up, Helix gains market share: All before Volan upgrade
Prices of INJ, a native token to the Injective Protocol, were $21.79 at the time of articulating this piece. While it is a drop from the recent high of $23.21, it still marks an interesting event, considering Injective has been experiencing an upward trend for a long time now. Most of it is credited to […]
South Korea excludes NFTs, CBDCs from crypto interest mandate
Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits. South Korean regulator, the Financial Services Commission (FSC), published a notice highlighting that by July 2024, investors in digital assets must receive interest when depositing their funds into an exchange. However, the guidance clarified that nonfungible […]
$300M crypto long liquidations — 5 things to know in Bitcoin this week
BTC price action obliterates latecomers betting on continued upside as Bitcoin analysts and miners breathe a sigh of relief. Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction. The largest cryptocurrency broke down toward $40,000 in a fresh bout […]
Nvidia plans Vietnam expansion for AI development
Nvidia CEO said the company has plans to expand its partnership in Vietnam and potentially set up a base to attract local talent in the AI industry. Nvidia, one of the market’s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country […]
Vivek Ramaswamy Blasts SEC Chair Gary Gensler: ‘Regulations Need to Catch Up’
Presidential candidate Vivek Ramaswamy heavily criticized the lack of action of the U.S. Securities and Exchange Commission (SEC) and its chair, Gary Gensler, on the fraud cases in the crypto industry. Ramaswamy stated that regulations needed to catch up and that the existence of these cases was evidence that the current framework was not working. […]