Day: October 8, 2024

Rising Crypto Crimes in Southeast Asia

The United Nations Office on Drugs and Crime (UNODC) has issued a grave report indicating that Southeast Asia is becoming a hotbed for sophisticated crypto-related crimes. These activities, often orchestrated by organized crime groups, are causing financial damages estimated between $18 billion and $37 billion in 2023 alone. Technological Exploits by Criminal Networks According to […]

Crypto.com Challenges SEC in Court

Crypto.com, a major player in the cryptocurrency exchange market, has taken a bold step by filing a lawsuit against the United States Securities and Exchange Commission (SEC). This legal action comes in response to a Wells notice from the SEC. Indicating the regulator’s intention to initiate legal proceedings due to purported securities violations by the […]

Cardi B Meme Coin Stirs Controversy

Rapper Cardi B has recently launched a meme coin dubbed WAP, an acronym matching her 2020 hit song’s title. Within just 12 hours of its release, on-chain analytics firm Bubblemaps reported that insiders, holding 60% of the initial supply, cashed out a staggering $500,000. The coin’s value soared to a $34 million market cap shortly […]

Ty Dolla $ign $500K Sundog Meme Coin Bet

Grammy-nominated rapper Ty Dolla $ign is making waves in the cryptocurrency world with a substantial investment in Sundog ($SUNDOG). A meme coin on the TRON blockchain. On Monday, he invested 3.2 million TRX. Approximately $502,000, spurred by a public interaction with professional boxer Ryan Garcia, a noted supporter of the coin. Celebrity Endorsement Boosts Sundog […]

El Salvador Bonds Surge Amidst Controversial Bitcoin Bet

Despite frequent criticism from institutions and politicians regarding President Nayib Bukele’s financial strategies, El Salvador bonds are experiencing a significant rally. Recent data from Bloomberg highlights this surge following the government’s proposal to buy back nine dollar-denominated bonds from investors—a move aimed at restructuring the country’s debt. Bukele’s Unconventional Methods Paying Off? El Salvador’s approach […]

Trump Election Odds Spike on Polymarket Amid Speculation

Donald Trump’s chances of winning the U.S. presidential election have taken a notable turn, as his odds on Polymarket surged past 53% on Monday. Surpassing Vice President Kamala Harris. This shift has sparked speculation. Particularly around a user identified as “Fredi9999,” who now holds over 7.8 million Trump shares. Making them the platform’s largest single […]