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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

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

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,

Magic Square Launches New Launchpad Platform to Bolster Web3 Projects with Its 4.5 Million Users and 1,400 Applications

Magic Square Launches New Launchpad Platform to Bolster Web3 Projects with Its 4.5 Million Users and 1,400 Applications

Magic Square has announced the launch of its new launchpad platform, a significant development in the Web3 sector designed to facilitate Initial DEX Offerings (IDO). This platform is strategically designed to support and accelerate the growth of Web3 projects by leveraging Magic Square's substantial user base and extensive

Chinese Authorities Expose a $1.9 Billion Underground Bank Using USDT for Illicit Transactions

Chinese Authorities Expose a $1.9 Billion Underground Bank Using USDT for Illicit Transactions

In a major operation spanning 26 provinces, Chinese law enforcement has uncovered an underground banking network that engaged in illegal financial activities using Tether (USDT), a popular stablecoin. This operation involved the seizure of approximately 13.8 billion yuan ($1.9 billion) and the detention of 193 suspects, indicating a

Former Binance CEO Changpeng Zhao to Write a Book on Cryptocurrencies While Serving Prison Sentence

Former Binance CEO Changpeng Zhao to Write a Book on Cryptocurrencies While Serving Prison Sentence

Changpeng Zhao, known popularly as CZ, the former CEO of the cryptocurrency exchange Binance, has announced his intention to write a book during his time in prison. This revelation comes amidst his current incarceration, where, according to CZ, he has found himself with "quite a bit of spare time&

Uniswap Founder Urges President Biden to Reconsider His Stance on Cryptocurrencies, Warning of Potential Electoral Defeat

Uniswap Founder Urges President Biden to Reconsider His Stance on Cryptocurrencies, Warning of Potential Electoral Defeat

Hayden Adams, the founder of the decentralized trading platform Uniswap, has publicly called on U.S. President Joe Biden to shift his administration's approach towards cryptocurrencies. In a pointed critique, Adams expressed concerns that Biden’s current disregard for the crypto sector might jeopardize his chances in the

Revolut Launches Revolut X, a New Cryptocurrency Exchange Aimed at Experienced Traders, in a Move to Compete with Leading Platforms

Revolut Launches Revolut X, a New Cryptocurrency Exchange Aimed at Experienced Traders, in a Move to Compete with Leading Platforms

Revolut has officially launched its cryptocurrency exchange, Revolut X, specifically designed for experienced traders. This strategic move is aimed at positioning the company as a strong competitor against the top cryptocurrency platforms. The plans for launching this exchange were first revealed in February 2024. As a neobank with over 40

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Uncovers Dozens of Cryptocurrency Wallets with Millions of Dollars Stuck in Blockchain Bridges

Arkham Intelligence has recently disclosed a significant discovery involving dozens of cryptocurrency wallets containing assets that are stranded within various blockchain bridges. This revelation includes wallets linked to prominent crypto exchanges and key figures within the cryptocurrency sphere. These accounts, some associated with major names like the exchange Coinbase, contain

Fraudulent Group Launches New Project on Blast Network, Transfers $1 Million for Liquidity Provision

Fraudulent Group Launches New Project on Blast Network, Transfers $1 Million for Liquidity Provision

A group of fraudsters, previously involved in multimillion-dollar thefts from several cryptocurrency platforms, has initiated a new project on the Blast network, as discovered by cryptocurrency expert ZachXBT. The criminals have been linked to a series of scams involving large sums and have now deployed the Leaper Finance protocol on