TRM Labs and Australian digital asset exchange Swyftx have joined forces to launch a world-first trial that rewards virtual asset users for taking steps to protect their accounts against fraudulent actors. With the rise in scams this year, the partnership aims to incentivize users to strengthen their security measures and prevent potential scams. As part
Hong Kong’s financial regulators have made a controversial decision to maintain the grace period for cryptocurrency firms operating in the city, despite recent high-profile fraud scandals. This grace period, which allows crypto firms to continue business without a license until June 2024, was originally introduced to provide sufficient time for compliance with new regulatory standards.
The digital asset investment space has witnessed an astonishing surge of capital in recent times. According to the latest data from CoinShares, a staggering $346 million flowed into digital asset investment products just last week, marking the most significant weekly inflow in a consecutive nine-week run. This influx of funds is reminiscent of the enthusiasm
The intersection of artificial intelligence (AI) and blockchain technology has given rise to numerous projects, each with unique goals and ambitions. While some projects, like Singularity.net, strive to create a better world through the integration of AI and blockchain, there is no shortage of others that merely exploit the buzzwords of “AI” and “Crypto” to
The recent surge and subsequent crash of PEPE100 (PEPE100x) serves as a stark reminder of the volatile nature of the cryptocurrency market. Within a span of a few hours, this meme token experienced a 50x increase, reaching a record high of $0.00386. However, it quickly plummeted by approximately 84%, resembling a classic pump-and-dump scenario. The
The United States Securities and Exchange Commission (SEC) finds itself in a predicament as it grapples with the task of serving a lawsuit to Richard Schueler, who is widely recognized as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC initiated legal proceedings against Heart, accusing him
In a surprising turn of events, TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, has recently experienced a significant upward trajectory, registering gains of over 300%. This sudden price spike has left investors questioning the implications for Terra Classic (LUNC) and the potential revival of the LUNA ecosystem. USTC, formerly known as UST,
The volatile month of November has become a battleground for Apecoin (APE), with bulls striving to prevent a dip below the crucial $1 mark. This tug-of-war between bulls and potential downward pressure has created intense market dynamics surrounding Apecoin, leaving investors on the edge as they carefully monitor the crypto’s price movements. Amidst this volatility,
Justin Sun, a prominent figure in the crypto space, made an unexpected announcement on November 24 regarding HTX and Poloniex. He revealed plans to initiate an airdrop as a way to compensate users for their losses. This announcement came as a surprise to many, as it was the first time such a measure had been
As Bitcoin continues to dominate the market and attract the attention of both retail and institutional investors, popular crypto analyst PlanB has reaffirmed his bullish stance on the cryptocurrency. In his analysis, he suggests that we might be witnessing the final days of Bitcoin trading below $40,000, indicating a potential price surge in the near