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Ethereum Co-Founder's $72 Million ETH Transfer to Kraken Sparks Concerns
Ethereum co-founder Jeffrey Wilcke recently moved 20,000 ETH, valued at over $72 million, to Kraken. This marks his fourth transfer to the exchange in 2024, totaling over $147 million. The Ethereum Foundation and co-founders have faced scrutiny, with concerns raised over large ETH transfers. Wilcke's previous transfers to Kraken include 4,300 ETH worth $10.6 million in February, followed by 10,000 ETH worth $27.2 million and another 10,000 ETH worth $37 million in May. The EF's transfer of 35,00
Meme coins have seen significant growth in 2024, driven by the current crypto bull market and FOMO. Pepe coin, in particular, has stood out as one of the top-performing cryptocurrencies, soaring by 1,472% since January. This article delves into the reasons behind Pepe's upward trajectory and the increasing interest in iDEGEN among crypto analysts. With over 330,000 holders, Pepe coin continues to attract strong demand, indicating further potential for price appreciation. Technical analysis sugge
Promising Future for IntelMarkets in the Crypto Market
Analysts are optimistic about the crypto market's correction, predicting a rise in Binance Coin (BNB) to $700 and Bitcoin Cash (BCH) to $555. However, IntelMarkets (INTL), a new AI coin, is gaining attention from crypto whales due to significant investor accumulation. The coin is expected to experience a major breakout soon. Binance Coin is poised for a bounce at the $606 support level, with potential to reach $700. On the other hand, Bitcoin Cash is showing gains and could rise to $615 in the s
Make-A-Wish International Calls for Crypto Donations
Make-A-Wish International is urging cryptocurrency holders to contribute to their cause, emphasizing the impact of crypto beyond financial gains. The charity, which grants wishes to children with critical illnesses globally, has welcomed crypto donations for three years through The Giving Block. Despite initial hesitance from charities due to risks like token volatility and fraud, more organizations are now embracing cryptocurrency donations. The Giving Block Co-Founder Pat Duffy highlights the
Celo's native token experienced a 5% drop as Coinbase decided not to support its transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem. This move caused uncertainty and criticism within the community, with Tether confirming its continued support for the network post-transition. The CEO of Celo's developer cLabs expressed disappointment with Coinbase's stance, while Kraken's Inkchain founder assured support for the migration. Despite the setback, there are suggestions t
XT Exchange Assures Users After $1.7 Million Asset Theft Disrupts Services
XT Exchange has halted all coin withdrawals following the confirmation of an unusual asset transfer from its platform, resulting in approximately $1 million worth of assets being affected across 12 different currencies. The incident, first reported by blockchain security platform Peckshield, involved a $1.7 million exploit, with the attacker exchanging the stolen assets for 461.58 ETH. Despite the breach, XT reassured users that their assets were secure, emphasizing their commitment to user-cent
Ethereum DeFi Sector Surges with Uniswap and Aave Milestones
Ethereum's DeFi sector is witnessing a resurgence, driven by increased market interest post Donald Trump's election win. The total value locked in Ethereum's DeFi ecosystem has surpassed $80 billion, the highest in over two years. Key players like Aave and Uniswap have achieved significant milestones during this bullish trend. Uniswap set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38 billion in November. Aave, the largest DeFi lending platform, saw deposits s
OKX Expands into Belgian Market with Cryptocurrency Exchange Services
OKX has officially entered the Belgian market as a cryptocurrency exchange, offering services such as spot trading and crypto conversion to enhance its presence in Europe. The move, announced on November 28, includes partnerships that enable free Euro deposits through Bancontact, Belgium's top online payment provider. Belgian users now have access to over 200 cryptocurrencies and more than 60 cryptocurrency-to-euro trading pairs. OKX supports Bancontact and SEPA services, providing euro deposits
India Blockchain Week (IBW) Conference, the 2-day headline event in Bangalore, is set to showcase the growth of the Indian Web3 ecosystem amidst a bullish market. With Bitcoin nearing $100,000, optimism in blockchain and crypto is high, attracting new users and investors. The conference aims to unite Indian innovators and global stakeholders to discuss ideas, form partnerships, and explore Web3 possibilities. India, with the world's second-largest Web3 developer base, particularly in Karnataka,
Cryptocurrency Scam Victim Recovers Stolen Funds with Blockchain Analysis
The crypto market presents opportunities for investors but also attracts fraudsters. The US Department of Justice reported a case where an Ohio man lost his life savings to a cryptocurrency scam. The victim fell for a pop-up warning on his computer, leading to scammers gaining control of his financial accounts. They transferred $425,000 into cryptocurrency wallets, which were traced using blockchain analysis. Law enforcement seized and recovered 947,883 USDT tokens, planning to compensate the vi
Operation Chokepoint 2.0: Tech Founders Debanked in Government Conspiracy
Over 30 tech founders have been unexpectedly cut off from banking services, sparking accusations of a government conspiracy. Marc Andreessen, co-founder of Andreessen Horowitz, claims the Biden administration is behind 'Operation Chokepoint 2.0,' targeting legal businesses. This strategy, reminiscent of an Obama-era program, aims to silence political opponents and disfavored tech startups, particularly in the crypto industry. Andreessen and Tesla CEO Elon Musk have raised concerns about the secr
Legal Battle Ensues Over Crypto Mining Firm Ownership
A Chinese-owned crypto mining firm in Arkansas faced legal challenges as the state attempted to enforce laws targeting businesses with ties to Chinese nationals. Chief US District Judge Kristine Baker issued a Temporary Restraining Order (TRO) to halt the state's actions against Jones Eagle LLC. The laws in question, Act 636 and Act 174, aimed to restrict property ownership by Chinese-linked entities. The firm's owner, Qimin “Jimmy” Chen, a naturalized US citizen, argued that the laws violated c
Revolutionizing Luxury Watches with Blockchain and NFTs
JMJ Mach is leading the way in revolutionizing luxury watches by integrating blockchain technology and NFTs. They have introduced 'phygital' timepieces that exist as both physical luxury watches and unique digital assets. Each watch features a one-of-a-kind character printed on the dial, minted as an NFT, making it a truly distinctive piece. Unlike traditional luxury brands that only use blockchain for authentication, JMJ Mach ensures each wearer has a one-of-a-kind watch through encrypted NFC c
MetaMask Enhances Fiat-to-Crypto Onramp with Venmo Integration
MetaMask has partnered with Venmo to offer a fiat on-ramp feature, enabling US users to purchase cryptocurrencies through the payment app. This collaboration, announced on Nov. 27, was made possible by crypto-focused fintech Moonpay. While MetaMask's fiat-to-crypto option is accessible in around 200 countries, the Venmo integration is exclusive to US customers. Venmo, a PayPal subsidiary, introduced crypto transfers for its users in April 2023 and has supported crypto transactions since 2021. Me
Anticipation Surrounding Donald Trump Inauguration and Crypto Market Growth
Anticipation is building for the upcoming Donald Trump inauguration on January 20, 2025. The crypto community eagerly awaits the potential pro-crypto stance of the Donald Trump administration, which could bring regulatory clarity and new growth opportunities. Three DeFi tokens priced under $1 - WallitIQ (WLTQ), Pepe (PEPE), and Cardano (ADA) - are gaining attention from investors seeking to enhance their portfolios. WallitIQ (WLTQ) stands out with its innovative AI-based crypto wallet, offering
Investor Interest Shifts to Promising Altcoins in 2024
As 2024 comes to a close, significant developments in cryptocurrencies like Cardano (ADA) and Shiba Inu (SHIB) have caught the attention of investors. SHIB whales are transferring $2.4 million into other high-potential altcoins. Dubbed the 'Cardano alternative,' ADA stands out for its advanced technology, affordable entry points, and projected high returns. Since its inception in 2017, Cardano has been a trailblazer in blockchain technology, known for its scientific approach and innovative proto
Fastex recently hosted the third edition of the ftNFT YoCerebrum Awards in Malta, honoring exceptional achievements in the NFT space. The event, held at Fort Manoel on Manoel Island, brought together artists, creators, and collectors. Winners, chosen through a blockchain-based voting system and marketplace data, received the prestigious 'Bahamut' trophy and Fasttokens. Vardan Khachatryan, Fastex's CLO, emphasized the importance of recognizing industry accomplishments and fostering connections am
Arbitrum Foundation Launches $1 Million Trailblazer AI Grant Program
Arbitrum Foundation has introduced the Trailblazer AI Grant Program, offering $1 million to support developers creating cutting-edge AI agents and on-chain AI products on the Arbitrum network. The initiative aims to strengthen Arbitrum's position as a leading platform for AI builders, providing advantages like low fees, high throughput, and low latency. Grants of up to $10,000 per project will be awarded, focusing on AI agents integrated with Arbitrum's decentralized infrastructure. Projects mus
Art Blocks NFT Project Achieves On-Chain Accessibility Milestone on Ethereum
Art Blocks, a renowned platform for on-chain artwork, recently reached a significant milestone by ensuring that the majority of its projects can now be accessed solely through the Ethereum blockchain. Previously, Art Blocks' pieces required a back-end generator for online viewing, but now about 90% of the artworks can be viewed directly on-chain. This development signifies a shift towards decentralized accessibility, allowing the artworks to remain online independently of Art Blocks' operations.
Moonray, an Ethereum-based arena battler game, recently made history on OpenSea by conducting the largest free gaming NFT mint. Over 220,000 'Jadeon Adam' character skins were minted in just 48 hours, giving players an exclusive in-game character skin for battles. These NFTs, minted on Coinbase's Ethereum layer-2 network Base, were distributed between November 19-21. Moonray, available on PC via the Epic Games Store, has been actively engaging players through various campaigns, including a play-