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Countless people lost money in Do Kwon’s high-interest crypto scheme, and the time has finally come to start a formal loss claim. At its peak, the market capitalization for Luna peaked at around $40 billion, and the Anchor protocol had a peak Total Value Locked of approximately $17 billion. Many people simply saw Kwon’s advertised 19-20% interest rate, bought Kwon’s Terra stablecoin, and deposited it into his Anchor protocol in order to earn yield. Others speculated on Luna or Anchor governance tokens. It sounded too good to be true, and it was. All of Kwon’s tokens – Terra, Luna, and Anchor – have lost over 99.9% of their peak value. The SEC sued. A jury in New York agreed, deciding Kwon and his company, Terraform, are guilty of defrauding investors. Kwon and his company must pay billions of dollars to victims. Kwon is now a felon and international fugitive . If you held Terra (UST), Luna (LUNA), Anchor (ANC), or Mirror (MIR) in or prior to May 2022, you might be eligible for com...

Over the last seven days, Ethereum [ETH] has dropped by 7%. The largest altcoin took a hit similar to the rest of the market. At press time, ETH was trading at $3,090.81 with a daily surge of 0.33%. During its recent rally, the community expected ETH to revisit its all-time high of $4,891.70. But things did not go as expected. The real question is whether Ethereum will continue trading at its current level or witness an upgrade to $3,500 this weekend. Changelly revealed that Ethereum will indeed have a bullish week ahead. The altcoin is expected to surge to a high of $3,172.27 following a 2.85% rise from its current levels. While the altcoin is still away from the $3,500 zone, the upcoming days could build ETF to reach its milestone. Source Factors like market sentiment, regulatory concerns, and the launch of exchange-traded funds [ETFs] could boost the price of Ethereum. Also Read: Upbit Lists Ethereum Name Service: A Market Impact Analysi s Ethereum ETFs To Hit the Market Sooner Than...

After releasing his own crypto currency called ‘Smash,’ Russian professional mixed martial artist (MMA) and freestyle wrestler Khamzat Chimaev became the target of the UFC and crypto communities’ ridicule, and one online security researcher has found evidence that points to a possible scam. Indeed, the UFC fighter has recently asked his followers what they thought was the best crypto asset to invest in, shortly after which he announced the release of his own crypto named ‘Smash,’ and pseudonymous scam investigator ZachXBT has revealed insider trading, detailing it in an X post on July 4. As it happens, the researcher accused Chimaev and his team of incompetence in a comment to the wrestler’s X post that includes the token’s address, telling them they “directly linked the team wallets with the insider wallets buying up 78% of the supply” and asking why “all of you instantly nuke your reputation with meme coin scams?” ...

This year’s presidential elections are turning out to be interesting. More so for the crypto currency industry. The U.S. has remained confused and stringent when it comes to the digital asset sector. But a number of politicians have openly embraced crypto currencies in a new turn of events. Former President Donald Trump was one of them, whose shift in favor of the market surprised a lot of people. Joe Biden also jumped in on the trend after Trump’s progress. While several believe that this was an attempt by both parties to get votes, a few others are hoping to hear Bitcoin talk in the upcoming presidential debate. Biden and Trump will take part in the first presidential debate of this year. CNN will serve as the host, and it takes place on Thursday, June 27 at 9 p.m. ET. These candidates will be participating in their first debate since 2020. Dana Bash and Jake Tapper of CNN are moderating. It was said by the network that the moderators “will use all tools at their d...

The crypto currency market remains volatile, heavily influenced by broader economic factors. Recent U.S. job growth data exceeded expectations, indicating the economy is coping well with higher interest rates. This reduces the likelihood of rate cuts, which impacts the flow of money into riskier investments like cryptocurrencies. Amid this backdrop, Finbold has identified two cryptocurrencies projected to achieve a $25 billion market cap by the second half of the year. Picks for you Crypto influencer lost $8 million in one month from a $15 million investment 45 mins ago 2-year high: Nearly $200 billion cryptocurrencies invested in DeFi 2 hours ago ...

Shiba Inu [SHIB] has been a topic of intense discussion and speculation within the community. At press time, the asset was priced at $0.00002545, reflecting a 2.49% increase over the past hour and a 5.44% rise in the last 24 hours. Amidst these gains, the asset’s market cap surged by 4% to $15.6 billion. SHIB’s performance last month was quite volatile, with a notable 27.16% decline. However, it has clearly rebounded with an 11% gain this month. Source The Hypothetical Scenario: SHIB at $1 The idea of Shiba Inu reaching a price of $1 has been a tantalising albeit highly speculative, thought among investors. To understand the potential impact, let’s consider a hypothetical scenario where SHIB hits this ambitious price target. At its current price of $0.00002545, a $1,000 investment in SHIB would acquire around 39,184,952 or 39.18 million tokens. If SHIB were to achieve the $1 mark, the value of this investment would soar to a whopping $39.18 million. For contex...

In a new turn of events, crypto currency exchange Coinbase is currently experiencing a system-wide outage. This issue has rendered the platform temporarily inaccessible to its users, who are greeted with a “503 Service Temporarily Unavailable” alert upon attempting to access this site. Coinbase quickly addresses the situation in a post on X [formerly Twitter], assuring users that their funds remain safe despite the outage. “Your funds are safe,” the firm stated, emphasizing that the technical team is diligently working to resolve the issue. Beyond this brief communication, a spokesperson for Coinbase confirmed that there are no further updates available at this time. Coinbase is experiencing a system wide outage. We are investigating this issue and working on a solution. Please see https://t.co/a3pl4WiDhZ for updates. Your funds are safe. — Coinbase Support (@CoinbaseSupport) May 14, 2024 Also Read: Coinbase Officially Integrates Bitcoin ...

The anticipation of several upcoming AI events has sparked a bullish sentiment, leading to a resurgence in AI tokens.  These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, contribute to renewed interest in artificial intelligence technology globally. This renewed enthusiasm may lead to further gains for AI assets, such as Render (RNDR), the ‘Nvidia of crypto .’ The renewed optimism has caused a surge in Render, with its price surging almost 50% in the past week, adding over $1 billion to its market cap, propelling it from a $3.1 billion to a $4.4 billion threshold. Picks for you Ripple v. SEC case update as of May 10, 2024 25 mins ago StaFi LSaaS Stack now supports EigenLayer LRT 30 mins ago Bull rally incoming as Ethereum whale stacks over $32M in ETH since May 2 hours ago Crypto insider turns $600 into $2.5 million of unrealized profits 2 hours ago RNDR market ...

Two UK men who owned Banksy artwork were jailed on Friday for stealing £5.7 million ($7.1 million ) in crypto by using a fake crypto exchange mimicking Blockchain.com.  38-year-old Jake Lee and 42-year-old James Heppel used the fake “blockchain.com” site to bait users into entering their login details. With this information, the two gained access to their victim’s crypto and bitcoin wallets and stole their funds.   According to the South West Regional Organised Crime Unit, the pair managed to scam 55 victims in 26 different countries. Police have seized a £60,000 Banksy print, three vehicles, £64,000 in crypto, and £551,000 in a suitcase full of cash from the pair as part of a £835,000 ($1.04 million) seizure.  The £60,000 Banksy art seized by authorities. Read more: Cartier jewelry heir arrested for laundering drug money with USDT Lee was arrested on suspicion of money laundering in 2018, when police seized £24,000 in cash and three laminated ...

Following Bitcoin’s (BTC) recent drop to $61,000, the cryptocurrency market is alive with speculation and excitement about a potential altcoin season. Analysts are forecasting a significant upturn in altcoin valuations, driven by Bitcoin’s price movements and broader market dynamics. As Bitcoin stabilizes, the spotlight shifts to a diverse array of altcoins poised to lead the next market cycle. The expanding role of decentralized finance (DeFi), continuous improvements in blockchain scalability, and the increasing use of smart contracts are key factors expected to fuel a significant altcoin rally. This surge is anticipated to push several altcoins beyond the $5 billion market cap mark, signifying a major milestone in their valuation and influence within the broader cryptocurrency landscape. Picks for you Here’s when Gold price could hit $3,000 49 mins ago Britain's famous YouTuber and "The Nightmare" in the ring - KSI's net worth reve...

A simple “Buy Bitcoin” sign garnered popularity after it made an appearance behind Janet Yellen during a 2017 Congressional testimony. The sign is once again making noise after it fetched an impressive sum of over $1 million at auction. The sign was crafted on a yellow legal pad by then-22-year-old Christian Langalis. The intern handwrote this message and now it has certainly transcended its humble beginnings. Facilitated by Scarce.City, known for unique item auctions, the sale occurred at PubKey, a prominent Bitcoin-themed bar in New York City. It reached a record-breaking bid of 16 BTC. This further underscores a significant milestone for the entire cryptocurrency community. The auction’s buzz also reflects Bitcoin’s increasing prominence in mainstream culture. The entire feat started off as a spontaneous gesture by a young intern and now it showcases the resilience of the entire ecosystem. And that's a wrap on one of the most ICONIC pieces of Bitcoin ...

Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months WLD supply could increase by as much as 19%. Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains. The scenario that the supply of Worldcoin increases by up to the above number of coins stems from plans outlined in a blog post published on April 23. “ To meet the increasing demand for orb-verified World IDs around the world and support the growth of the Worldcoin network, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) expects to sell WLD token s from the World Assets treasury in the coming months ,” Worldcoin Foundation said in the announcement. In particular, World Assets is looking to sell between 500,000 to 1.5 million WLD token s every week for six months. The token s will account for about 0.1% to 0.4% of Worldcoin’s weekly trading volume. According to the blog post, the token s are from the World ...

Amid a dynamic battle for votes between former United States President Donald Trump and the country’s current leader Joe Biden in the upcoming elections, a stark divide has appeared in the prices of crypto currencies tied to either of them. As it happens, Jeo Boden (BODEN), the meme coin poking fun at the incumbent US President, has soared over 380% in the last 30 days, whereas crypto assets linked to the former President are recording a drop in sales at the same time, according to the information retrieved on April 16. Biden meme coin soars Specifically, BODEN was at press time changing hands at the price of $0.508, which suggests a decline of 30.09% on the day and a loss of 40.23% across the previous seven days but nonetheless represents an increase of 359.20 in the last month, as per the most recent chart data. Picks for you DOGE trades near crucial support; Crypto expert eyes major ‘buy’ opportunity 1 min ago 2 crypto currencies to reach $1 billion market cap...

We have seen all sorts of events happening in the crypto world, where some of the best meme coins can capture a huge chunk of the market while fundamentally strong projects remain in the shadows.  DOGE, with massive community backing, is an example of how hype can impact the price of a token. Some traders are already seeing it touch the $1 mark sooner than later, but that will depend on multiple factors. While we see how it goes, a new ICO, InQubeta, is competing with the likes of Chainlink and Monero. Will Dogecoin touch the $1 mark? Dogecoin has made quite the splash recently, riding the wave of meme culture straight into the hearts of a diverse crowd. It’s not just the seasoned Crypto heads getting in on the action but also those looking for a fun entry point into the world of digital money. Dogecoin stands out, not so much for its tech or financial chops, but for its vibe: it’s all about community. Yet, hitting that $1 dream is tricky. De...