Crypto

The crypto markets were rocked late Monday by a shocking flash crash of Bitcoin’s price on the BitMEX exchange. In a matter of minutes, the value of Bitcoin plummeted from around $67,000 to $8,900 before rapidly recovering. @syq reported that an enormous sell order of over 850 Bitcoins worth around $55 million on the BitMEX […]

Binance started a detailed probe into claims about the BOME, a meme coin built on Solana. These claims arose from the “BOME rat warehouse” event after community talks and worries over possible insider trading. After that, the exchange quickly acted by kicking off an internal investigation. Binance Looks Into the BOME Rat Warehouse Situation In […]

Indonesia has experienced an impressive surge in crypto transactions, reaching Indonesian Rupiah 30 trillion ($1.92 billion) in February, according to the country’s crypto regulator. The number of registered cryptocurrency investors in the country also hit 19 million last month, indicating an increase of 170,000 users from January.  The Commodity Futures Trading Supervisory Agency (Bappebti) attributes […]

Cardano, a leading cryptocurrency by market capitalization, achieved a historic milestone with the launch of USDM, the first fiat-backed stablecoin on its network. According to the tweet,  USDM, issued by Mehen Finance, is a digital token that maintains a 1:1 peg to the U.S. dollar. #CardanoCommunity,$USDM IS HERE! policyID – c48cbb3d5e57ed56e276bc45f99ab39abe94e6cd7ac39fb402da47ad assetName – 0014df105553444d pic.twitter.com/gnkh4NikDS […]

The Binance-incubated content generation platform NFPrompt was hacked on March 15th, resulting in the loss of funds from users’ wallets and the company’s treasury. NFPrompt announced the “critical security incident” on X (formerly Twitter), revealing that a group of hackers had compromised some wallets and gained control of funds. The hackers illegally accessed money on […]

Bitcoin’s recent price rally to around $72,000 has sparked an uptick in creating new “millionaire” wallets holding the cryptocurrency. However, this increase is relatively modest compared to the frenzy witnessed during the previous bull market cycle. The leading cryptocurrency, with the highest market capitalization, has seen a phenomenal 70% increase in price since the start […]

Thailand’s Securities and Exchange Commission (SEC) has greenlit asset management firms in the country to launch private funds to offer Bitcoin (BTC) exchange-traded funds (ETFs). However, these private Bitcoin ETF funds will only be available for institutional investors and “ultra-high-net-worth individuals.”  According to a March 12 report from the Bangkok Post, private funds managed by […]

According to crypto sleuth Scam Sniffer’s February Phishing Report, over 57,000 individuals fell victim to crypto phishing scams, losing a staggering $46.8 million. Security firm revealed that impersonated X (formerly Twitter) accounts lured most victims to phishing websites through deceptive comments. According to a chart provided, over $6 million was stolen on Feb. 15. The […]

The Securities and Futures Commission (SFC) of Hong Kong issued a public warning on March 4 about fraudulent websites executing as licensed crypto exchanges. A notice highlighted that multiple websites mimic the appearance and branding of Hash Blockchain Limited and OSL Digital Securities Limited to deceive users. Hash and OSL are the only two exchanges with […]