Day: June 26, 2024

Blast Airdrop Scams Unleash Havoc on Crypto Twitter

In a dramatic turn of events surrounding the highly anticipated Blast airdrop, Twitter has become a breeding ground for scammers exploiting the platform’s verification tools. As users awaited the distribution of 17 billion BLAST tokens from the Ethereum layer-2 scaling network, associated with the creators of the NFT marketplace Blur, malicious actors swiftly moved in […]

Nigeria Tightens Crypto Regulation: 30-Day Ultimatum

In a significant regulatory move, Nigeria’s Securities and Exchange Commission (SEC) has issued a 30-day ultimatum to all cryptocurrency exchanges and digital asset traders operating within the country to re-register their businesses or face potential enforcement actions. This directive marks a pivotal step in Nigeria’s broader strategy to bring digital assets trading under stricter regulatory […]

Crossover Markets Secures $12M to Boost Ultra-Fast Crypto Trading

Crossover Markets, a trading platform renowned for its superfast execution-only services for cryptocurrencies, has successfully closed a $12 million Series A funding round. This round was spearheaded by Illuminate Financial and DRW Venture Capital, marking a significant endorsement from prominent investors in the fintech and crypto sectors. The evolution of crypto trading platforms now caters […]

Crypto Countdown: Major Options Expiry Stirs Market Volatility

As the clock ticks toward another significant event in the cryptocurrency markets, traders are gearing up for a major options expiry event set for this Friday at 08:00 UTC. Deribit, the leading crypto derivatives exchange, is preparing for the expiration of bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion. This […]

Bitstamp Tightens Reins: Delisting Non-Compliant Stablecoins

In a move reflecting the tightening regulatory landscape across Europe, crypto exchange Bitstamp has announced it will delist Tether’s EURT and other stablecoins that fail to comply with the European Union’s forthcoming crypto regulations before the looming June 30 deadline. The new regulation, known as the Markets in Crypto-Assets (MiCA), is set to redefine the […]

Crypto Under the Gavel: DOJ Declares HYDRO a Security

In a landmark decision, the U.S. Department of Justice (DoJ) has for the first time classified a cryptocurrency, the HYDRO token, as a security. This pivotal ruling accompanied the sentencing of Shane Hampton, CEO of Hydrogen Technology, and Michael Kane, the firm’s head of financial engineering, for their roles in manipulating the token’s market prices. […]

Metallica’s Twitter Hack: A Heavy Metal Crypto Scam

Late Tuesday night, the Twitter account of iconic heavy metal band Metallica fell victim to a hack, used to promote a Solana meme coin—highlighting an ongoing wave of celebrity-targeted crypto scams. In this brief but impactful episode, the hackers orchestrated a Twitter Spaces audio call and interacted with users, pushing the dubious METAL token. Although […]

BLAST Token’s Big AirDrop: What’s It Really Worth?

The cryptocurrency community braces for the Blast airdrop, which promises to disperse a whopping 17 billion BLAST tokens among point farmers, gold holders, and the Blast Foundation. This massive event raises a pressing question: What will BLAST be worth once the dust settles? For months, the crypto sphere buzzed with activity as enthusiasts amassed Blast […]