Over $11 Million in Liquidity Drained From SafeMoon by Unknown Individual
An unknown individual drained over $11 million in liquidity from various pools associated with the controversial cryptocurrency project SafeMoon on Monday. The transaction triggered immediate speculation about a possible connection to SafeMoon’s ongoing bankruptcy proceedings. Blockchain security company Cyvers Alert identified
Spain Sets Its Sights on Developing First “Crypto-Friendly” City in Europe
Torrevieja, a coastal city in southeastern Spain, has launched an ambitious initiative to become Europe’s first “crypto-friendly” city, according to a February 6 statement. The Association of Small and Medium-sized Merchants of Torrevieja (APYMECO), in partnership with the Torrevieja City Council’s
Nigeria Faces Pressure to Tighten Crypto Regulations for Financial Crime Prevention
Nigeria faces calls to go further in its efforts to clarify crypto regulation after a blockchain firm successfully finished training its fifth cohort of crypto compliance specialists last weekend. Blockchain intelligence service provider A&D Forensics teaches a course on curbing financial
Philippines Central Bank Eyes Bank-Mediated Non-Blockchain CBDC in Next Two Years
Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years. The Bangko Sentral ng Pilipinas (BSP) is optimistic about the ongoing growth of
Bitcoin Bears Take a Bruising as Price Powers Above $50,000 – Where is BTC Headed Next?
Source: Dalle-3 Bitcoin (BTC) bears are taking a bruising on Monday as the price powers above $50,000, as BTC continues its momentum after posting its strongest weekly close since December 2021 on Sunday. According to TradingView citing Bitstamp trading data, Bitcoin just
Bitcoin Price Prediction as $20 Billion Pushes BTC Above $48,000 – $100,000 Incoming?
Bitcoin‘s market position is bullish as it hovers near $48,000, amidst widespread anticipation of potential growth to $100,000. Glassnode’s analysis marks the current Bitcoin market as “high risk,” emphasizing the volatile nature of cryptocurrency investments. Grayscale attributes this potential ascent to
Is This $0.01 Token Poised to Become the New Solana? Big Whales Are Making Their Moves
In the ever-evolving space of cryptocurrency, a new contender has emerged with a price tag of just $0.01, sparking widespread speculation about its potential to rival Solana, one of the leading platforms in the blockchain space. This token, with its
78% of Institutional Traders Have No Interest In Crypto: JP Morgan
New data shows that most global institutional traders have no interest in exposing holdings to digital assets although the number of pro-crypto firms has recorded a slight growth. A recent JP Morgan 2024 survey from over 4000 financial market participants shows
Ethereum Gas Fees Surge to 8-Month High As ERC-404 Tokens Take Off
Gas fees on the Ethereum network have soared to levels not seen since March 2023, driven by the growing interest in a new experimental token standard known as ERC-404. Ethereum Gas Fees Reach Peak Levels On February 9, Ethereum gas prices soared
Russia’s Growth Forecast Doubles to 2.6%
Russia’s Growth Forecast Doubles to 2.6% The IMF has significantly upgraded Russia’s economic growth forecast to 2.6% from a previous 1.1%. Despite this optimistic projection, the IMF warns of substantial challenges ahead for Russia, emphasizing the impact of a war economy. A massive