Author: John Smith
Key Takeaways Million Smiles claimed QFS was connected to ancestral treasures and spiritual concepts to make it appear legitimate. The firm managed to rope in about 100 businesses and 400 individuals, convincing them to invest amounts ranging from 4–5 million dong (about $190) to 39 million dong ($1,350) for businesses. The Hanoi City Police have dismantled a crypto scam that defrauded victims of around 30 billion Vietnamese dong (roughly $1.17 million). The scam, led by a company called Million Smiles, targeted hundreds of individuals and businesses across Vietnam, promising unrealistic financial returns and access to an exclusive financial system. At…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AI-powered altcoins RCOF, NEAR, and FIL gain traction, with experts eyeing potential to outshine DOGE and XRP in 2024. New altcoins are shaking up the crypto market as AI takes the spotlight. RCO Finance (RCOF), Near Protocol (NEAR), and Filecoin ( FIL) are gaining attention for their growth potential. Experts predict that one of them could even outperform well-known coins like DOGE and XRP. As January approaches, these coins might be game-changers for investors looking ahead. Could these AI-powered…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme coin market dips 2.23% to $96.5B, but Wall Street Pepe defies trends, raising $38M since December 3rd launch. The meme coin market is down by 2.23% in the past 24 hours, which brought its value to $96.5 billion, a far cry from its ATH of $137 billion earlier this month. Despite the bearish market sentiment, Pepe-themed meme coins are seeing gains today, with Pepe (PEPE) and Book of Meme gaining over 3% each. Although most established meme coins…
Ondo Finance and Plume Network are teaming up to bring Ondo’s tokenized U.S. Treasuries products to more investors across the real-world assets finance ecosystem. The partnership between Ondo Finance (ONDO) and modular layer-1 blockchain for RWAfi Plume Network targets RWAfi. According to the two platforms, the aim is to expand access to products such as Ondo U.S. Dollar Yield (USDY) across Plume Network. By combining Ondo’s expertise in Treasuries-backed yieldcoins, and Plume’s RWAfi-tailored infrastructure, the two projects can simplify onboarding and capital integration. Native issuance of Ondo’s USDY on Plume is a step in that direction. The flagship Ondo Finance…
Binance has now introduced Solv Protocol, a Bitcoin staking protocol with aspirations to build a Bitcoin and Bitcoin-native financial ecosystem. No other platform will be launching the SOLV tokens, and any platform claiming to be “listing” or offering SOLV tokens in advance of the launch timeline is a false advertisement, explains Binance. The details and the exact timing of trading will be announced separately. An updated, formal research report on Solv Protocol will also be published within the next 24 hours. The Solv Protocol’s tokenomics includes the maximum supply of 9,660,000,000 SOLV tokens and a genesis supply of 8,400,000,000 tokens, comprising 86.96%…
Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide to add Bitcoin to the national reserve. He argued that Hong Kong authorities could take advantage of of China’s “one country, two systems” policy to include Bitcoin (BTC) in its national reserve for financial security. The newspaper noted that China currently holds the second largest…
Cryptocurrencies like Ai Companions, Adventure Gold, and Acala were among the best-performing cryptocurrencies on Monday. AI Companions (AIC), which is developing a platform for virtual companionship, rose for the second consecutive day, reaching a high of $0.1727—its highest level in over a week. AIC’s surge is attributed to ongoing momentum in the artificial intelligence sector and the anticipated growth of the virtual companionship industry, which is expected to get to $9.5 billion in 2032. I posted about $AIC a few months back, the team are still building. Let’s take a look at the latest. Key Updates:– OKWallet Integration: A major…
Seraphim Czecker, the head of growth at Ethena, has announced he is stepping down. Czecker shared the “big personal news” in a post on X, revealing that his exit as head of growth at the synthetic dollar protocol comes after an incredible journey that has seen the project grow into one of decentralized finance ecosystem’s top platforms. “It has been a truly incredible and rewarding journey,” he wrote. “I joined the protocol around the seed round, drove $1B+ in DeFi partnerships while making sure Ethena is on your mind 24/7 and had incredible fun while doing it.” The outgoing Ethena…
Sonic Labs, the team behind the Ethereum Virtual Machine (EVM) layer-1 blockchain Sonic, has partnered with Immunefi, a leading bug bounty platform, to launch a $2 million bug bounty program. In its announcement on X, Sonic Labs said it had partnered with Immunefi to offer a $2 million bug bounty program. The projects’ collaboration comes a few weeks after the Sonic mainnet launch. Several exchanges, including Binance, are supporting the 1:1 Fantom (FTM) to Sonic (S) migration. According to Sonic Labs, the bug bounties program is key to the security of both the L1 protocol Sonic and the Gateway bridge.…
Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million. Tether added 7,629 Bitcoin (BTC) alued at approximately $700 million to its corporate crypto reserve address on Dec. 30, according to transaction data from on-chain insight provider Arkham. The (USDT) stablecoin operator now holds 82,983 BTC, worth $7.7 billion at current Bitcoin prices of $92,300. It also holds $6 billion of its U.S. dollar stable token and less than $300 million in its other stablecoins and Crypto.com’s CRO token. In May 2023, Tether announced it would begin buying Bitcoin to diversify its portfolio and…