Author: Anshul

South Korea’s New Crypto Law: A Regulatory Revolution!

South Korea has officially introduced the Virtual Asset User Protection Act, marking a significant advancement in the nation’s crypto regulatory framework. This inaugural law, which took effect on Thursday, is a response to past financial upheavals in the crypto space, such as the Terra-Luna crash and the collapse of FTX, and aims to fortify investor […]

BlockFi’s Big Payback: Crypto Payouts Kick Off After Bankruptcy Saga!

Bankrupt crypto lender BlockFi has announced the initiation of interim cryptocurrency distributions to its creditors, a process set to commence this month in partnership with Coinbase. This development is a significant milestone in BlockFi’s journey towards recovery and marks a pivotal moment for its stakeholders. According to BlockFi’s recent communications via Twitter and a blog […]

“Hamster Kombat” Strikes Viral Gold with Trump-Inspired Card

The Telegram-based tap-to-earn game, Hamster Kombat, has surged in popularity, amassing a staggering 250 million players in just three months. This phenomenal growth is linked to the anticipation surrounding its upcoming token launch. Adding a twist to its gameplay, Hamster Kombat introduced a new card inspired by a real-world event—the failed assassination attempt on former […]

Ethereum Staking Soars as ETF Anticipation Grows

As the crypto market eagerly awaits the potential U.S. launch of spot Ethereum ETFs, a significant portion of Ethereum—32.6 million ETH, over 27% of the total supply—has been staked to secure its proof-of-stake network, according to Coinbase. This development underscores the robust interest in Ethereum staking, despite the ecosystem wrestling with the implications of the […]

GameStop Stumbles as Roaring Kitty’s Meme Stock Magic Fades

GameStop’s stock price concluded another disappointing week, continuing its downward trajectory as the once-thriving meme stock momentum wanes. Influencer and trader Keith Gill, better known as Roaring Kitty, who was instrumental in GameStop’s astronomical rise in 2021, seems to have lost his Midas touch, with shares of GME dropping over 3% in the past week […]

Crypto Heists Soar in 2024: A $1.38 Billion Digital Dilemma

The first half of 2024 has witnessed a dramatic escalation in cryptocurrency thefts, with losses more than doubling compared to the same period in 2023, reveals a report from blockchain intelligence firm TRM Labs. Crypto thefts soared to a staggering $1.38 billion by June 24, 2024, a significant leap from the $657 million recorded up […]

Chimaev’s Crypto KO: SMASH Coin Takes a Dive!

Undefeated UFC superstar Khamzat Chimaev, having not fought for nine months, has taken a controversial dive into the cryptocurrency world by promoting his own meme coin, “SMASH.” This move follows a common trend among celebrities who hint at investing in crypto only to launch their own digital tokens shortly afterward. On Tuesday, Chimaev teased his […]

Crypto Crash: Bitcoin Plummets, Triggers $580M Liquidation Storm

The cryptocurrency market has experienced a severe downturn, with Bitcoin’s price dropping to its lowest level since February. This decline has led to a significant wave of liquidations, with over $500 million in long positions wiped out in the last 24 hours alone, marking the most substantial single-day loss since mid-April, as per CoinGlass data. […]