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A new altcoin connected to a viral game on the encrypted messaging platform Telegram printed fresh all-time highs this week after surging by nearly 160%. NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin that began trading on May 16th when Binance rolled out support for the asset via its Launchpool platform, which lets users stake coins to farm new assets....
A former investment banker and registered broker has been sentenced for masterminding a $1.5 million crypto fraud scheme. In a new press release, the US Department of Justice (DOJ) says that Rashawn Russell, who used to work for the Financial Industry Regulatory Authority (FINRA), has been sentenced to three years and five months behind bars. The DOJ says that between November 2020 and August...
An infamous hacker group says it’s behind a breach at one of the world’s largest banks. The notorious group ShinyHunters says it’s responsible for a new data breach at Santander, claiming personal information from 30 million customers is now for sale. The group says the data will be sold one time to one bidder, for a whopping $2 million. The cyber threat news outlet Hackread says it has seen the...
A new report from bug bounty platform Immunefi shows that crypto losses due to hacks and fraud plummeted over the past year. According to Immunefi, the crypto sector saw 108 specific incidents of hacks and rug pulls in 2024 year-to-date. The financial losses amounted to $473,229,944, or 20% less than the $595,438,324 lost during the same period in 2023. In May 2024, the crypto space saw 21...
New data from market intelligence platform Santiment reveals that one Bitcoin (BTC) indicator that has historically predicted price rallies is flashing a bullish signal. In a new post on the social media platform X, Santiment says that when crypto wallets holding at least 10 BTC are accumulating, the price of BTC tends to go up. However, when they sell, the crypto analytics platform says that...
Do Kwon appears to have reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC). In April, a jury found Kwon and Terraform Labs liable for defrauding investors regarding the stability of the algorithmic stablecoin Terra USD, which de-pegged and collapsed in 2022, causing crypto prices to plummet across the board. The case’s court docket indicates oral arguments...
Crypto supporter and US Presidential candidate Donald Trump has been found guilty on 34 felony counts by a jury in Manhattan. According to widespread reports and a press release from Manhattan District Attorney (DA) Alvin Bragg, the former president was found guilty yesterday on all counts of “falsifying New York business records in order to conceal his illegal scheme to corrupt the 2016 election...
A widely followed crypto analyst is suddenly turning bullish on one low-cap Ethereum (ETH)-based altcoin project. Crypto strategist Michaël van de Poppe tells his 719,400 followers on the social media platform X that Skale Network (SKL), an Ethereum sidechain, could soar 150% from its current value. “SKL is looking great. Did reject at the first resistance zone, but is on edge of a significant...
Elon Musk is refuting claims that he was in talks with former US president Donald Trump about crypto. Citing a source who purportedly knows about the meetings, Bloomberg recently reported that the two billionaires are discussing cryptocurrency policy. However, in a post on social media platform X, Musk says the report is unfounded. “Pretty sure I’ve never discussed crypto with Trump, although I...
One trader is seeing seven-figure profits on a Solana (SOL)-based memecoin that is up 51x year-to-date, according to on-chain data. Blockchain tracking firm Lookonchain notes that one trader purchased dogwifhat (WIF) in December 2023 and has racked up a 118,967% gain by making a series of strategic sales as the memecoin soared. “Every time WIF goes up, this 1,000x winner sells part of WIF for...