Tag: Crypto

Crypto Tech 2024 Review: Ethereum Duncun, Solana Surge, and Layer-2 Boom

This special edition of the Protocol looks back at 2024’s groundbreaking developments and forward to what the coming year might bring for blockchain technology. Let’s dive into the milestones, trends, and predictions shaping the next era of crypto. This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. 1. A Look Back: Top Crypto Tech Milestones of 2024 Ethereum’s Duncun Upgrade: 2024 marked Ethereum’s most…

Vietnam police dismantle $1m QFS crypto scam claiming ties to ancient treasures

Authorities in Vietnam have cracked down on a major cryptocurrency scam that defrauded over 400 locals and 100 businesses out of roughly $1.17 million.  According to local media, the Hanoi police have apprehended the general director and seven key suspects involved in a cryptocurrency fraud scheme involving the sale of a fake token created and operated by a company whose name translates to “Million Smiles.”  The scammers promised exorbitant returns on investments in the Quantum Financial System coin, which they claimed were backed by assets and treasures that were said…

Under $1, this crypto is ready to rally like BTC in 2013 or ETH in 2017

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance, with its $0.175 presale price and real-world asset tokenization, mirrors the transformative early days of Bitcoin and Ethereum. Much like the introduction of Bitcoin in 2013 and Ethereum in 2017, the space for crypto was knocked off its feet to innovative and poised pivotal projects. Rexas Finance (RXS) is attracting interest now with its creative ideas in real estate tokenizing and decentralized finance (DeFi). Offering investors an…

Do Kwon Extradited to US to Face Crypto Fraud Charges

Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon […] Source CryptoX Portal

African crypto revolution continues as Ethiopia ranks among global BTC mining leaders

2024 was a pivotal year for Ethiopia as it generated around $1 billion in BTC mining profits due to its access to cheap, reliable, and renewable energy sources. Africa is a region producing fintech unicorns that provide the highly unbanked (and equally highly “smartphonized”) population and merchants with payment solutions. Companies like TymeBank, Moniepoint, and Opay have made hundreds of millions of dollars by creating and maintaining payment mobile apps and ground touchpoints. In conditions where banks are absent—80% of Africans don’t have bank cards—digital money solutions are filling the…

Crypto Trader Nets 17,000% After Elon Musk’s X Name Change

boss

Este artículo también está disponible en español. Elon Musk, billionaire entrepreneur and CEO of Tesla and SpaceX, has once again rattled the crypto market with a simple name change on his X account. This time, Musk renamed his official profile to “Kekius Maximus” and replaced his avatar with a PEPE frog dressed in antique armor holding a gaming controller. While the eccentric tech magnate has not offered an explanation, the sudden shift has fueled intense speculation. Elon Musk’s new name and profile pic | Source: X One of the biggest…

Crypto whales: Friends or foes?

The closing weeks of 2024 saw vintage crypto wallets waking and moving tens and hundreds of tokens to exchanges or other addresses. Public curiosity is by far not the only impact of such transactions. Let’s see how the whale transactions influence the market and why not everyone is happy about them. The whales’ transactions Christmas rampage On Dec. 25, 2024, the Bitcoin wallet that was kept untouched for nearly 14 years moved 20.55 BTC to another address. During the years in the wallet, these coins gained over $2 million in value. The…

Malaysia Cracks Down on Unregistered Crypto Exchanges: Bybit Ordered to Halt Operations

boss

Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing […] Source

Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst

boss

An analyst has explained how Dogecoin could end up witnessing a rally of around 6,770% if this pattern continues to follow for the meme coin. Dogecoin Has Been Trading Inside A Long-Term Ascending Channel In a new post on X, analyst Ali Martinez discussed a long-term pattern in which the weekly price of Dogecoin has been trading inside. The pattern in question is the Ascending Parallel Channel from technical analysis. A Parallel Channel refers to a consolidation pattern that forms when the price of an asset moves inside two parallel…