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Politicians Urge Biden to Intervene in Binance Case in Nigeria

Politicians Urge Biden to Intervene in Binance Case in Nigeria

A group of politicians has sent a special letter to U.S. President Joe Biden, calling on him to intervene in the case of Binance's top executive, Tigran Gambaryan, who has been detained in Nigeria for over three months. Gambaryan faces charges of money laundering and tax evasion. On June

Bitcoin Mining Companies' Reserves Hit 14-Year Low, Signaling Potential Supply Crisis

Bitcoin Mining Companies' Reserves Hit 14-Year Low, Signaling Potential Supply Crisis

According to the latest data from CryptoQuant, bitcoin reserves held by mining companies have plummeted to a 14-year low, marking a significant moment in the cryptocurrency sector. The reserves now stand at only 50% of their all-time high, signaling a stark reduction in available assets within this segment. Currently, these

Report Reveals 6.8% of World Population Now Crypto Investors

Report Reveals 6.8% of World Population Now Crypto Investors

Triple-A, a leading financial technology company, has released a comprehensive report detailing the global adoption of crypto assets. The findings reveal a significant increase in the number of crypto investors worldwide, highlighting a surge of 142 million new investors since 2023. The United Arab Emirates (UAE) emerges as the frontrunner

Japanese Crypto Exchange DMM Bitcoin Loses $303 Million in Hack

Japanese Crypto Exchange DMM Bitcoin Loses $303 Million in Hack

In a significant cybersecurity breach, the Japanese cryptocurrency exchange DMM Bitcoin announced the loss of 4,503 BTC, valued at approximately $303 million. The breach involved unauthorized access to the company’s accounts, resulting in the withdrawal of 4,502.9 BTC. Following the incident, DMM Bitcoin has temporarily halted

Trader Turns $2,700 into $1.24 Million with Shiba Inu Meme Coin Investment, Achieving a 419-Fold Increase

Trader Turns $2,700 into $1.24 Million with Shiba Inu Meme Coin Investment, Achieving a 419-Fold Increase

In a remarkable display of cryptocurrency acumen, an unknown trader managed to transform a modest investment of about $2,700 into a staggering $1.24 million, all thanks to the meme coin Shiba Inu (SHIB). This astounding success story, reported by the analytics company Lookonchain, showcases a 419-fold increase in

Crypto Whale Falls Victim to Phishing Attack Again, Losing Nearly $7 Million

Crypto Whale Falls Victim to Phishing Attack Again, Losing Nearly $7 Million

In a startling repeat of financial misfortune, a crypto whale known for previously falling prey to phishing scams has once again suffered a staggering loss of nearly $7 million due to a sophisticated phishing attack. On-chain analysts reported that this unfortunate incident unfolded on May 26, 2024, stripping the trader

MetaMask Team Works on Integrating Bitcoin Network: Potential Access Expected in June 2024

MetaMask Team Works on Integrating Bitcoin Network: Potential Access Expected in June 2024

MetaMask, a widely recognized cryptocurrency wallet primarily associated with the Ethereum network, is reportedly expanding its capabilities to include the Bitcoin network. According to a recent report from CoinDesk, citing insider sources, the development team at ConsenSys, the company behind MetaMask, is actively working towards this integration. The anticipated access

Circle Launches Bold "Money Is Now Open" Campaign to Revolutionize Financial Transparency with USDC Stablecoin

Circle Launches Bold "Money Is Now Open" Campaign to Revolutionize Financial Transparency with USDC Stablecoin

Circle, the issuer of the prominent USDC stablecoin, has recently unveiled its dynamic new advertising campaign titled "Money Is Now Open". This initiative seeks to showcase how the advent of the open internet has dramatically reshaped various facets of human life and asserts that despite these advancements, the financial sector

Coinbase Derivatives to Launch Futures Trading for Oil and Gold Starting June 3

Coinbase Derivatives to Launch Futures Trading for Oil and Gold Starting June 3

Coinbase Derivatives, a prominent player in the derivatives market, has announced an expansion of its product offerings to include futures on commodities like oil and gold. This move will complement the existing cryptocurrency derivatives already available on the platform. The new trading positions are set to begin on June 3,

Venezuela Bans Cryptocurrency Mining to Protect Its Power Grid

Venezuela Bans Cryptocurrency Mining to Protect Its Power Grid

In a bold move to stabilize its national energy supply, Venezuela has officially imposed a ban on cryptocurrency mining across the country. According to government officials, this initiative aims to address the unreliable power supply that has plagued the nation for the past decade. Local law enforcement has already seized