Day: May 17, 2024

Bitcoin Surges Post-Halving, Approaches Yearly High

The price of Bitcoin has soared to its highest level since the anticipated halving event on April 19, peaking at $67,422 last Friday before experiencing a slight dip. According to CoinGecko, the leading digital asset has increased by nearly 3% over the past day and by over 9% in the past week, now standing at […]

Lorenzo Protocol Revolutionizes Bitcoin Staking

Bitcoin, the pioneer of cryptocurrencies, still reigns as the largest by market capitalization, but it is not without its limitations. These include a slow consensus mechanism, limited data capacity, and an absence of smart contract capabilities, which significantly restrict Bitcoin’s integration into the thriving decentralized finance (DeFi) sector. Addressing these issues, Lorenzo Protocol has introduced […]

GameStop’s Stock Plunge Stresses Roaring Kitty

GameStop, the company that catapulted Keith Gill, better known as Roaring Kitty, into internet fame, has made a significant move that could dilute its shares. The video game retailer has filed to sell up to 45 million shares, potentially increasing its total shares by as much as 15%. Following the announcement, GameStop’s stock price plummeted […]

Spot Ethereum ETF May Launch Sooner Than Expected

Despite the prevailing pessimism among industry observers, a spot Ethereum exchange-traded fund (ETF) could be closer to launch than anticipated, according to Coinbase, America’s largest cryptocurrency exchange. In a recent communication, Coinbase highlighted the ongoing uncertainty due to the Securities and Exchange Commission (SEC)‘s reticence but remained optimistic about the eventual approval of such a […]

Pink Drainer Scam Service Announces Retirement

Pink Drainer, a notorious wallet-draining service, has announced its retirement in a private Telegram chat, as revealed by blockchain investigator ZachXBT. The announcement marks the end of a service that facilitated the theft of over $75 million from nearly 20,000 victims over the past year. In the message, Pink Drainer expressed regret for the “lack […]

Gambaryan Denied Bail in Nigerian Court

Tigran Gambaryan spent his 40th birthday in a Nigerian court on Friday, facing a disappointing but expected outcome — a judge refused to grant him bail. Gambaryan, the head of financial crime compliance at Binance, has been detained since late February when he arrived in Nigeria for discussions with the government regarding the crypto exchange’s […]

Solayer Opens Restaking Deposits on Solana

Solayer, a startup aiming to build a restaking ecosystem on Solana, launched its invite-only restaking deposits on Thursday afternoon. The initial deposit period was capped at $20 million, allowing users to restake SOL or deposit liquid staking products such as mSOL, bSOL, JITOSOL, and INF. This private access launch positions Solayer as a key player […]

Notcoin’s NOT Token Launches with Massive Airdrop

Notcoin made headlines on Thursday by debuting its NOT token on The Open Network (TON). This significant launch follows more than four months after the game initially launched on Telegram. The massive airdrop has led to the largest gaming token launch of 2024, with over a billion dollars in trading volume within hours. The NOT […]