Author: John Smith

Pi Network has been accused of being a scam by Bybit CEO Ben Zhou, bringing up a police notice from 2023 that calls it a ‘scam that preys on the elderly.’ In a recent post, Bybit co-founder and CEO Ben Zhou responded to a claim made by an unofficial Pi (PI) technical team account that claims the crypto exchange was “rejected by Pi” to list on its exchange. The Pi Network is a project that enables users to mine cryptocurrency through a mobile app. “Bybit had made no listing request to PI and the claim that PI refused Bybit listing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Penny cryptos offer high earning potential, and ChowWow, TRON, and Cardano stand out as top picks for investors seeking the next big opportunity. Cryptocurrencies have a large potential, and penny cryptos are considered to be among the most lucrative instruments for obtaining high revenues. They are relatively cheap and have a high earnings capacity, meaning that they can yield high returns and are suitable for those seeking the next big thing. There are quite a number of tokens in…

Several gaming companies with over $1 billion in valuation are now actively considering token launches, according to Immutable co-founder Robbie Ferguson. In a Feb. 21 post published on his X account, Ferguson revealed that he has had multiple conversations with gaming firms valued at over $1 billion that are open to the idea of launching tokens. Ferguson emphasized that these companies, including publicly traded ones, would not have even considered discussions about tokens a year ago. He believes 2025 is accelerating years of development into a much shorter timeframe, signaling a potential shift in the adoption of blockchain gaming assets.…

Thomas Smith, the chief technology officer of the now-defunct cryptocurrency firm SafeMoon, has pleaded guilty to securities fraud conspiracy and wire fraud conspiracy in connection with a multimillion-dollar scheme that allegedly defrauded investors of over $200 million. Per a recent filing with the Brooklyn federal court, Smith admitted to misleading investors about the status of SafeMoon’s liquidity pool, falsely claiming it was locked and inaccessible. Prosecutors allege he, along with CEO Braden John Karony and creator Kyle Nagy, diverted client funds for personal use, thereby engaging in securities fraud and wire fraud. In his recent court appearance before Magistrate Judge…

Utah has advanced its Bitcoin reserve bill to the next stage of legislation, with a second and third reading in the Senate pending before a final vote. As per the latest update, Utah’s Senate Revenue and Taxation Committee has passed the Blockchain and Digital Innovation Amendments bill (House Bill 230), bringing the state closer to recognizing Bitcoin as an official reserve asset. Lawmakers passed the bill with a 4-2-1 vote, where all four votes in favor came from Republican senators. One Republican and one Democrat opposed the bill, while one senator was marked absent. The bill will now undergo a…

JTO, the native token of Jito, has spiked 30% since Upbit announced it will be listing the Solana-based coin on Feb. 21 at 14:30 KST. According to a recent notice, Upbit will be adding trading support for the Jito native token starting from Feb. 21 at 14:30 KST. The token will be available for trading on the Korean won market. Shortly after Upbit announced its listing the Jito (JTO) native token spiked as high as 28%, reaching a price of $3.49 according to data from crypto.news. At press time, the token is trading hands at $3.17, having gone down by…

U.S. spot Bitcoin ETFs have experienced three consecutive days of net outflows, losing nearly $500 million over this period leading up to Feb. 20. The three day outflows started with $61.4 million on Feb. 18, followed by $71.07 million on Feb. 19. However, on Feb. 20, net outflows surged to $364.93 million, according to data from SoSoValue. This marks the most significant single-day decline in the three days. BlackRock’s IBIT experienced the largest single-day withdrawal, losing $112.05 million. The next biggest outflows were $98.3 million from ARK Invest’s ARKB and $89.24 million from Fidelity’s FBTC. With $33.5 million in outflows,…

OpenSea has staged a dramatic comeback, reclaiming 71.5% of the Ethereum NFT market share in the past week. Just four weeks ago, its share stood at 25.5%, with Blur dominating the space. The Block reports that this surge coincides with OpenSea’s long-awaited announcement of its native token, SEA, on Feb. 13. Since the token reveal, OpenSea’s daily trading volume has skyrocketed, averaging $17.4 million, nearly five times its pre-announcement average of $3.47 million. The number of daily transactions also more than doubled, jumping from 6,100 to 14,700 trades. The bulk of this growth came in the past week, as OpenSea’s…

Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation under the ticker LTCC, marking a key step toward its potential launch.  The listing, which showed up on DTCC late Thursday Feb. 20, does not guarantee regulatory approval but signals that the necessary infrastructure for trading is being put in place.  The DTCC serves as a key clearing and settlement provider for U.S. securities, listing both active ETFs and pre-launch funds awaiting approval. Ultimately, the ETF still requires approval from the U.S. Securities and Exchange Commission before it can begin trading. Canary Capital initially filed…

Michael Saylor, executive chairman and founder of Strategy, has advocated for a maxi-sized Bitcoin reserve in the United States, arguing that it would ensure cyberspace dominance for the next century and strengthen America’s lending power. Speaking at CPAC in Washington D.C., Saylor advised the U.S. government to purchase 20% of Bitcoin’s (BTC) supply for the much-anticipated national strategic reserve. “There’s only room for one nation-state to buy 20% of the Bitcoin network,” Saylor said, adding that he “thinks it should be and will be the United States.” U.S. authorities would have to buy 3.9 million Bitcoin in addition to its…