The North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional backdoor capabilities, was distributed through exploiting legitimate security software specific to South Korean crypto firms,

Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments

The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract 20,000 to 30,000 users in the first month. The PHPC will be the first peso-backed stablecoin available for retail use,

A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different regulatory considerations. The forthcoming U.S. election could further impact this scenario, potentially altering

Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country, leading to hyperinflation and the eventual collapse of the

Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of

Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting: “You’re gonna see your regional bank fail … every week, maybe two a

The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak

Bitcoin faces a pivotal period that echoes the past block size wars, according to Bitcoin Core contributor Matt Corallo. In a recent blog post, Corallo examines the ongoing struggles within the Bitcoin community that could determine the future of the pioneering cryptocurrency. From Freedom to Fragmentation In his latest blog post, Matt Corallo outlines the

In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate investment contracts involved in the transactions on Kraken’s platform. Kraken

Robert Kiyosaki has advocated that investors need to take position in Bitcoin and gold amid the likely launch of BRICS Crypto The post BRICS Crypto Launch Looms: Robert Kiyosaki Backs Bitcoin appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The once hyped Bitcoin Runes Protocol has recorded a massive slump in transaction activity over the past few weeks The post Bitcoin’s Rune Protocol Sees Decline in Activity appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive order on day one. He declared that crypto enthusiasts will not vote for Trump but against Biden’s crypto

The Cardano community is currently hyped about the potential to list the ADA coin on American top exchange Gemini The post Cardano Community Suspects Possible Listing on Gemini appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.

The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision

Tom Brady also reentered the crypto conversation, albeit likely against his will.

Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction. Declining Ethereum Fees: A 68-Day Overview Transacting on the Ethereum blockchain has

On May 12, as bitcoin hovered slightly above the $61,000 mark, two dormant bitcoin wallets, inactive for over ten years and eight months, executed transactions totaling 1,000 bitcoins valued at approximately $61.1 million. It appears that both wallets, created on the same day, were owned by the same individual. Dormant for a Decade: Bitcoin Wallets

The post XRP And Wormhole Demonstrate Decent Recovery As The Market Goes Wild Over $RECQ Presale appeared first on Coinpedia Fintech News TLDR XRP pumps 2% in a week, and experts expect it to spike further in May. Wormhole climbs 19% in a week, and analysts foresee more gains by month’s end. Rebel Satoshi’s $RECQ is poised to jump further after surging 85% thus far. Top altcoins like XRP (XRP) and Wormhole (W) have performed well as …

The post Top 3 Altcoins To Turn $1 to $10 By End of May appeared first on Coinpedia Fintech News With the bearish influence growing over the market, the 14% drop in Bitcoin in April continues this month. Certain altcoins are preparing for a bullish takeoff as BTC price struggles near the $60,000 psychological milestone. Ready to swim against the bearish tide in the broader market, these altcoins could explode this month to new unprecedented …

The post Learn How Chimpzee Users are Making a Difference for Wildlife with Every Trade appeared first on Coinpedia Fintech News While the world deals with climate change and animal cruelty, both of which threaten the balance of nature, many people know about these problems but often feel like they can’t do much about them alone. However, a new crypto project called Chimpzee is changing that by giving people a way to earn money while also …

People familiar with the matter said the attack was tied to a $1.9 million crypto investment dispute in which the victim was involved.

As Bitcoin defends the key $61,000 level, technical indicators suggest mixed signals, with immediate resistance and support levels closely watched by traders. The post Bitcoin Price Prediction as Bulls Defend $61,000 Level – Here are Key Levels to Watch Next appeared first on Cryptonews .

The post Insanity Bets Ignites GambleFi Mania With Unmatched Passive Income – How High Can it Go For Presale Investors? appeared first on Coinpedia Fintech News The crypto market is witnessing another GambleFi mania. The presale launch of Insanity Bets ($IBET) has kindled FOMO with a robust passive income model based on revenue sharing. Here is an analysis of the project and whether it lives up to expectations. Staking: Making the Most Out of Crypto Investments Crypto investments are a great …

Next week's events could significantly affect investor strategies. Four major developments are expected to influence crypto markets soon. Continue Reading: Key Developments Impacting Crypto Markets Next Week

The sharp decline Bitcoin Runes' activity may spell trouble for miners and their earnings.

Solana, the high-speed blockchain once hailed as an Ethereum killer, finds itself in choppy waters. After reaching an all-time high of $203 in March 2024, the cryptocurrency has experienced a significant correction, currently trading at $145. Analysts warn of a potential freefall, citing both external market forces and internal ecosystem woes. Related Reading: XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit Solana’s Descent: A Shooting Star Loses Its Luster Technical indicators paint a bleak picture for Solana. Alan Santana, a prominent crypto analyst, points to the emergence of bearish candlestick patterns like shooting stars and inverted hammers, alongside declining trading volume. These signals suggest a potential loss of momentum and investor confidence. Further fueling the bearish sentiment, the broader cryptocurrency market has entered a correction phase. Bitcoin, the bellwether of the industry, has dipped from its highs, dragging other digital assets down with it. This market-wide pullback weakens the overall demand for Solana, pushing its price lower. ✴️ Solana 4X SHORT (222% Profits Potential) Solana peaked March 2024, together with Bitcoin. One month later, April 2024, a market correction was confirmed. This is confirmed by the fact that support broke, in this case we have a “cap” pattern. ➖ Notice the shooting star,… pic.twitter.com/JKynUDENJd — Alan Santana (@lamatrades1111) May 11, 2024 Solana’s Internal Struggles: Network Congestion And Founder Feuds Beyond external market pressures, Solana faces internal challenges that threaten its stability. The network has experienced periods of congestion, hindering transaction speeds and scalability. These hiccups undermine Solana’s core value proposition of being a faster and more efficient alternative to Ethereum. Adding fuel to the fire, recent public spats between founders of prominent Solana-based projects have cast a shadow of disunity over the ecosystem. Such internal conflicts raise concerns about leadership and the long-term viability of the platform. At the time of writing, Solana was trading at $145. Chart: TradingView Solana: Can It Weather The Storm? The current situation presents a critical juncture for Solana. The cryptocurrency’s future hinges on its ability to navigate these challenges. On the one hand, some analysts remain optimistic. Investment giant Franklin Templeton recently identified Solana as a potential contender for the number three spot in the cryptocurrency market, highlighting its potential for long-term growth. Related Reading: ‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details Additionally, the upcoming Breakpoint conference in Singapore, a major gathering for the Solana community, could serve as a catalyst for renewed investor confidence. Solana’s story is far from over. Whether it emerges from this storm as a resilient leader or fades into the background remains to be seen. The coming months will be crucial for determining the cryptocurrency’s long-term trajectory. Featured image from Reformed Journal, chart from TradingView

The meme coin market is a wild place – from cat meme coins to dogs and utility-infused tokens, there’s plenty of fish in the sea. One of the most entertaining meme coins is Popcat. This feline meme coin is stirring investors’ interests with over 140% monthly gains, but a new

The post Fear and Greed Index Neutral. Why Investors are Taking Advantage of the Dip, Buying Bitcoin, Solana, and Raboo appeared first on Coinpedia Fintech News The fear and greed index is a tool that aims to measure the overall sentiment of investors in the crypto market. It has a characteristic score that ranges from 0 to 100. A score less than 25 signifies extreme market sentiment while 75 to 100 means extreme greed. At the moment, the fear and greed …

As Bitcoin (BTC) matures, proponents have maintained that the digital asset has the potential to replace fiat currencies, having already … Continue reading The post Economist taunts Bitcoin replacing fiat is like ‘a sideshow in Las Vegas’ appeared first on Finbold .

Trump, currently on trial for allegedly falsifying business records, previously called BTC "a scam." Now he's working with Bitcoin Magazine's David Bailey on a crypto policy agenda.

Trump, currently on trial for allegedly falsifying business records, previously called BTC "a scam." Now he's working with Bitcoin Magazine's David Bailey on a crypto policy agenda.

The post Solana and Ethereum Experience Minor Dips, But Furrever Token Ignites with $20,000 Giveaway Competition appeared first on Coinpedia Fintech News In the swiftly evolving realm of digital assets, today’s market dynamics unveil a captivating narrative: as industry stalwarts like Solana and Ethereum encounter minor fluctuations in their trajectory, Furrever Token emerges as a beacon of excitement and opportunity. Amidst the ebb and flow, Furrever Token not only maintains its position but surges ahead, propelled by …

On the 9th of May, according to Binance, Ethereum Founder Vitalik Buterin wrote a detailed paper explaining the significance and feasibility of implementing a multi-dimensional gas pricing mechanism in Ethereum. Buterin pointed out that Ethereum now reduces the pricing and quotas of all resources to a single dimension of gas,

The post Wishing To Double Your Holding This Bear Run? Check These Top Cryptos Projected for Massive Rallies in the Coming Months appeared first on Coinpedia Fintech News The hope and optimism surrounding the next bull market far outweigh the present bearish conditions. As such, this downtrend time is a unique opportunity that investors should maximize. For investors looking for the best crypto investment, KangaMoon, Bitcoin, Polygon, Tron, and Aptos are suitable options. Built on strong fundamentals, these tokens provide a surefire way …

The post Polygon and Shiba Inu Holders Switching to a New Meme Coin Already Showing 700% ROI Potential appeared first on Coinpedia Fintech News Polygon (MATIC) continues to record important developments, aiming to recover from its current dip. Shiba Inu (SHIB), on the other hand, has been going through a major recovery amid speculations of a potential investment in Argentina. However, despite the recent developments in the two cryptos, another outstanding crypto for beginners and professionals alike seems to …

A balanced reward system will need to be transparent, as well as think beyond token utility to consider the quality of engagement value.

A balanced reward system will need to be transparent, as well as think beyond token utility to consider the quality of engagement value.

Stablecoins are here to stay, and TradFi is taking note

Technical signals are hinting at an explosion in altcoin prices approaching over the horizon, according to veteran crypto analysts. Glassnode co-founders Jan Happel and Yann Allemann, who go by the handle Negentropic on the social media platform X, tell their 62,800 followers that altcoins are likely on the verge of a “massive move.” The analysts The post Technicals Suggesting Altcoins May Be on the Verge of a ‘Massive Move,’ According to Glassnode Founders appeared first on The Daily Hodl .

The post Ethereum (ETH), Rollblock (RBLK), Ripple (XRP), and Binance (BNB): The Biggest Crypto News Of The Past Week appeared first on Coinpedia Fintech News The world of cryptocurrency is forever evolving with movers and shakers continuously making waves with industrious breakthroughs and innovative ideas. This week is no different, with major updates from some of the top crypto coins in the market. Below is a swift glance over the most important events concerning Ethereum (ETH), Rollblock (RBLK), Ripple (XRP), …

Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. “Our desk is getting bearish on consumer and our soft

StaFi, a staking infrastructure provider that aims to amplify staking capital efficiency, announces its support for the EigenLayer liquid restaking token (LRT).

The release of the annual report of Tata Consultancy Services (TCS) in 2024, the leader in India’s IT services sector, will lead to a profound transformation of different industries due to the growing impact of generative artificial intelligence (GenAI). The company high-point led by N Chandrasekaran with the realization that AI General Intelligence (GenAI) is

Ripple still hasn't resolved its ongoing SEC lawsuit. Ripple CEO Brad Garlinghouse recently discussed potential actions against stablecoin issuers in the US. Continue Reading: Ripple Continues Its Legal Battle with the SEC

Rekt Capital has highlighted a critical development in Bitcoin’s price. The analyst showed that BTC has perfectly repeated a historical behavior from 2016. Bitcoin is entering the post-halving re-accumulation phase. Rekt Capital, a renowned cryptocurrency analyst on X, has highlighted a critical development in Bitcoin’s price. In a recent post, Rekt Capital noted that the The post Bitcoin Analyst Shows How BTC Is Repeating the 2016 Post-Halving Trend appeared first on Coin Edition .

Ethereum whales began selling, seemingly not caring about losses. What does this mean for ETH's future?

A Bitcoin wallet that had not shown any activity for many years woke up years later and made a new transaction. Continue Reading: Bitcoin Wallet That Hasn’t Moved in Almost 11 Years Wakes Up – The Level It Bought and Current Value of BTC is Unbelievable

As Ripple Labs nears the conclusion of its legal battle with the U.S. Securities and Exchange Commission (SEC), the cryptocurrency … Continue reading The post Here’s when the XRP price could hit $0.62 appeared first on Finbold .