Day: January 21, 2025

Reverend Lorenzo Sewell’s Memecoin Plummets

Detroit preacher Reverend Lorenzo Sewell captured the nation’s attention with his passionate benediction at Donald Trump’s inauguration as the 47th President of the United States. However, his foray into the crypto world has been less inspiring. Shortly after the inauguration, Sewell introduced his memecoin, Lorenzo, announcing on X (formerly Twitter): “The crypto community was kind […]

MicroStrategy Expands Bitcoin Holdings by 11,000 BTC

In a bold move, MicroStrategy has expanded its Bitcoin reserves by acquiring 11,000 BTC for $1.1 billion, just a day after President Donald Trump’s inauguration. The acquisition brings the company’s total holdings to 461,000 BTC, purchased at an average price of $63,610 per Bitcoin, including fees and expenses, according to a U.S. Securities and Exchange […]

British Crypto Fraudsters Ordered to Pay Back $30M

Three British crypto fraudsters, convicted of laundering millions stolen from an Australian exchange, have been given a stark choice: repay $30 million within three months or face an additional 14 years in prison. The gang exploited a glitch on CoinSpot in 2017, enabling them to withdraw substantial funds undetected. The ringleader, James Parker, discovered the […]

Coinbase Faces Backlash Over Solana Withdrawal Delays

Coinbase users have taken to social media to express frustration over delayed withdrawals of Solana (SOL) tokens, sparking speculation about potential insolvency. On Jan. 21, crypto YouTuber Wendy O tweeted to her 412,000 followers: “What’s the drama with Coinbase and Solana?” Similarly, investor ‘Curb’ questioned Coinbase CEO Brian Armstrong, stating: “After dealing with insolvency last […]

Bybit Launches Copy Trading for Gold and Forex Markets

Bybit, a leading cryptocurrency exchange, has launched a groundbreaking Copy Trading Gold&FX feature, making it the first crypto exchange to introduce copy trading for Gold and Forex markets. This new feature allows users to mirror professional traders’ strategies directly through MetaTrader 5 (MT5), using USDT as collateral. Simplifying Access to Traditional Markets The Copy Trading […]