As the world of cryptocurrencies continues to evolve, so do the tactics employed by scammers and fraudsters. One such tactic that has been gaining prominence is called “Approval Phishing.” It is a malicious approach that specifically targets crypto users, exploiting their trust and familiarity with blockchain transactions. Traditionally, scammers would distribute fraudulent crypto apps to
In recent months, there has been a significant trend in explosive rallies of DEX-traded tokens. Among these moon-shots, DONK token has emerged as the latest skyrocket, experiencing a 4.5x price pump. This surge in spin-off tokens can be attributed to the widespread FOMO among retail investors who have joined the meme coin party late. DONK’s
In the midst of a volatile market, Bitcoin has made a strong comeback. After dipping below the $41,000 mark, the cryptocurrency’s bulls have returned, pushing the price north and beyond $43,000. This resurgence has not only affected Bitcoin but also the altcoin market, with several coins standing out in the green. Over the weekend, Bitcoin
JPMorgan analysts have recently expressed a bullish outlook for Ethereum (ETH), predicting that it will surpass Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This perspective stands out within the institution, as JPMorgan maintains an overall cautious stance on the cryptocurrency market. Despite the cautious sentiment towards the broader
Gemini Earn, a platform that allows users to lend their cryptocurrencies, has recently provided an update on the reorganization plan from defunct crypto lender Genesis. According to the plan, as of January 19, 2023, Gemini Earn users may only receive 61% of the value of their crypto holdings. This revelation has sparked widespread outrage among
The Financial Accounting Standards Board (FASB) has recently made a groundbreaking decision by adopting new accounting rules for Bitcoin. This move marks a significant shift in the financial landscape for corporations, as it introduces fair value accounting for Bitcoin. With this change coming into effect for fiscal years beginning after Dec. 15, 2024, the treatment
Binance, one of the world’s largest cryptocurrency exchanges, has recently submitted two crucial filings in response to a case brought by the U.S. Securities and Exchange Commission (SEC). These filings aim to dismiss the allegations made by the SEC against Binance’s companies and former CEO, Changpeng Zhao. In its filings, Binance argues that the SEC
The Blockchain Game Alliance (BGA) has recently published its comprehensive 2023 State of the Industry Report, providing valuable insights into the landscape and future of blockchain gaming. This report highlights several key trends and predictions, shedding light on the potential impact of traditional game studios, the integration of blockchain technology, and challenges faced by the
The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler, recently spoke dismissively of spot Bitcoin ETFs in a conversation with Bloomberg. While Gensler introduced new rules to reduce risk in the U.S. Treasury market, he downplayed the significance of crypto ETFs in comparison. Gensler emphasized the importance of the $26-trillion-dollar Treasury market, which serves
Bitcoin, the leading cryptocurrency, experienced a significant correction at the beginning of the week, causing the price to retreat to the $40,000 level. This sudden decline led to panic among some investors, prompting them to engage in panic selling to avoid further losses. However, as the selling pressure subsided, Bitcoin began a gradual recovery. Amidst
