NFTs produced $158 million in sales for the third week of November The NFT market continues to show resilience despite slight dips in weekly sales, highlighting sustained interest in digital collectibles. Recent data from CryptoSlam revealed that NFTs generated $158 million in sales during the week ending November 24. While this figure represents a 12.7%
The company has filed for a patent covering several cryptocurrency products President-elect Donald Trump’s media company, Trump Media and Technology Group (TMTG), may be venturing into the cryptocurrency space. A recent trademark application filed on November 18 hints at plans for a digital wallet, cryptocurrency payment processing, and a digital asset trading platform under the
The group has been behind a number of high-profile attacks over the past couple of years Five individuals have been charged in connection with a hacking group known as Scattered Spider, accused of stealing $11 million in cryptocurrency and sensitive information from businesses and individuals. US prosecutors allege the group carried out phishing schemes and
The exchange doesn’t feel the Bitcoin offshoot is meeting its obligations Coinbase has announced it will halt trading of Wrapped Bitcoin (WBTC) on December 19, 2024, due to the token no longer meeting its listing standards. This decision affects all trading on Coinbase platforms, including Advanced Trade, Coinbase Exchange, and Coinbase Prime. Users will still
Polychain and others have provided $12 million in funding to support the initiative The Bitfinity Network, a Bitcoin layer-2 (L2) protocol, has launched with a vision to bridge the gap between Bitcoin and decentralized finance (DeFi). Backed by $12 million in funding, the initiative aims to create Ethereum Virtual Machine (EVM)-compatible DeFi functionality for Bitcoin
The hack was perpetrated through a flash loan attack Polter Finance, a decentralized platform specializing in lending and borrowing, has halted its operations following a significant hack that resulted in the loss of $12 million. The breach, confirmed on November 17, targeted the platform’s newly launched SpookySwap (BOO) market, which reportedly had a valuation of
The states accuse the securities regulator of overstepping its authority on cryptocurrency A total of 18 US states, including Texas, Ohio, and Kentucky, have launched a lawsuit against the Securities and Exchange Commission (SEC) and its chair, Gary Gensler, accusing the agency of overstepping its authority in its regulation of the cryptocurrency industry. The states
Kevin Mirshahi was found murdered three months after having gone missing The body of Canadian crypto influencer Kevin Mirshahi, who had been missing since June, was recently found in a Montreal park. Police confirmed that Mirshahi’s decomposing remains were discovered by a passerby in Île-de-la-Visitation Park on October 30. Authorities conducted an autopsy to verify
The introduction of the exchange across Europe follows a launch in the UK earlier this year Revolut, the digital banking platform known for its cryptocurrency-friendly services, is making a major push in Europe with the launch of its dedicated crypto exchange, Revolut X, in 30 new countries within the European Economic Area (EEA). This expansion
The defunct cryptocurrency exchange believes Binance conducted fraudulent transactions FTX launched a lawsuit against Binance and its former CEO, Changpeng Zhao, claiming that $1.8 billion in “fraudulent transfers” were made to Binance and its executives. The lawsuit hinges on a 2021 transaction where Binance sold back its stake in FTX, acquired in 2019, to FTX
Bitget is setting up a $20 million funding program to entice the creation of more apps Bitget Wallet, the non-custodial crypto wallet from Bitget exchange, is amplifying its support for Telegram-based applications with a new initiative focused on fostering development in the Telegram Mini App ecosystem. In collaboration with crypto investment firm Foresight Ventures, Bitget
The kidnappers allegedly demanded $1 million to release the executive Dean Skurka, CEO of Toronto-based crypto firm WonderFi Technologies, reportedly became the target of a high-stakes kidnapping. It ended with his release after a $1 million ransom was allegedly paid. According to a CBC report yesterday, Skurka was forced into a vehicle in downtown Toronto
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