A Shift in Market Behavior with the Surge of TGEs In the world of cryptocurrencies, there has been a noticeable change in market behavior as Token Generation Events (TGEs) gain increased popularity. According to Andrei Grachev, managing partner of DWF Labs, there has been a significant rise in TGE projects, indicating a shift in the […]
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Cantor Fitzgerald CEO Howard Lutnick Is a Tether Fan Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent private financial services company on Wall Street, recently confirmed the business relationship between his firm and Tether, the issuer of the largest stablecoin in the cryptocurrency market. During an interview on CNBC's Money Movers, Lutnick expressed his
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Bitcoin: A Crucial Asset in a Complex Geopolitical Environment Circle CEO Jeremy Allaire asserts that, in the midst of a complex geopolitical and macroeconomic landscape, bitcoin is an asset that investors should consider including in their portfolios. As the largest digital commodity asset, bitcoin holds significant value and potential for growth. Many individuals who invest
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Bitcoin Takes the Lead in NFT Sales The non-fungible tokens (NFTs) market has experienced a remarkable surge in sales, with a 52.81% increase over the past week, reaching a total of $503.35 million. In this thriving market, Bitcoin has emerged as the frontrunner, generating $276.79 million in sales, surpassing Ethereum's $99.67 million, which previously held
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NFT Trader Compromised: Loss Estimated at $2.85 Million According to reports and confirmation from the peer-to-peer non-fungible token (NFT) market platform, NFT Trader, the platform recently experienced a security breach. The assailant took advantage of an outdated smart contract, leading to the theft of esteemed digital collectibles worth nearly $3 million. The stolen NFTs included
BONK Takes the Lead in the Meme Coin Market In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has seen remarkable growth against the U.S. dollar, surpassing pepe (PEPE) to become the third largest meme coin by market capitalization. Within just a month, BONK, which is built on the Solana blockchain, has surged by an impressive
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Introduction In just a fortnight, the stablecoin asset known as first digital USD (FDUSD) has experienced remarkable growth, with its supply increasing by 690 million coins. This surge has propelled FDUSD to become the fifth-largest fiat-pegged cryptocurrency in the market, with a market capitalization of $1.61 billion. FDUSD's Market Growth and Onchain Movements FDUSD has
Shakepay, the Canadian crypto app, has recently revealed a data breach that occurred, impacting a specific group of its customers. The breach, which was discovered on December 13, 2023, resulted in unauthorized access to personal information but did not compromise any bank accounts, crypto wallets, or customer credentials. Addressing Data Breach Concerns and Offering Free
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Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase Challenges
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Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a