Author: John Smith
More than 700 unauthorized cryptocurrency tokens have been sent to Donald Trump’s digital wallet in the three weeks following his official meme coin launch. According to a Financial Times analysis, the fleet of copycat coins has prompted warnings about potential investor deception. The surge started within 30 minutes of Trump’s initial token announcement, with creators exploiting Solana (SOL) blockchain features that allow unrequested deposits into other wallets. Hundreds of these tokens use names connected to Trump or his family members, including “OFFICIAL TRUMP” and “OFFICIAL MELANIA,” despite having no actual association with the president. The actual Trump meme coin, shown…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin sparks excitement with a 300% surge forecast, but Lightchain AI’s massive potential steals the spotlight. Dogecoin (DOGE) is once again generating excitement, with analysts predicting a 300% surge as the meme coin community regains momentum. However, while DOGE’s growth potential remains strong, a new blockchain project is capturing the attention of investors looking for higher returns — Lightchain AI. With its AI-powered blockchain solutions and growing adoption, Lightchain AI is primed for a 7,600% rally, significantly outpacing DOGE’s…
Cryptocurrencies were indeed under pressure Saturday, days after U.S. tariff threats triggered market turbulence. The market chaos follows President Donald Trump’s executive order on Jan. 31, imposing tariffs on imports from Mexico, Canada, and China. Although the tariffs on Mexico and Canada remain on pause, the move was enough to rattle investors and spark sell-offs across equities and digital assets alike. Adding to the turmoil, crypto markets have been flooded with over 700 fraudulent tokens capitalizing on Trump’s name, as reported by The Guardian. The wave of scams has further eroded investor confidence, leading to heightened volatility. Rumors of Kanye…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new crypto contender is making waves, sparking curiosity as it’s compared to past success stories in a bullish market. A fresh crypto contender is making waves, capturing the interest of enthusiasts itching for the next big thing. In the midst of a bullish market, this newcomer has piqued curiosity. Many are likening its potential to past sensations that turned everyday investors into sudden success stories. Will it rise to legendary status and transform fortunes? The answer remains tantalizingly…
On Feb. 7, Binance founder Changpeng Zhao posted a poll on X asking if BNB Chain should eliminate/aggressively reduce Maximal Extractable Value (MEV) issues. MEV issues reportedly cost BNB Chain users over $1 billion in the 2020s. Sure enough, over 80% of users voted for eliminating MEV issues. What is MEV? The term Maximal Extractable Value refers to the maximum amount of fees extracted by a validator of network transactions through reordering or rearranging the transactions waiting to be included in the block. The move allows validators to orchestrate the price changes on the market, adjusting the price movements by…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano shows market strength, predicting a surge to $1.50, while Rollblock attracts bullish investors. Cardano (ADA) has recently demonstrated notable market strength, leading analysts to predict a potential surge to $1.50. This optimism is fueled by bullish chart patterns and increased whale accumulation, indicating strong investor confidence in Cardano. As altcoins start to rebound, Rollblock (RBLK) is gaining attention as a promising new project. Its creative approach to online gaming has attracted analysts forecasting huge returns by 2025. Here’s…
A new Arizona bill aims to protect residents from Bitcoin ATM scams following a series of incidents, including one where a woman lost $17,000 to fraudsters. House Bill 2387, introduced by state representative David Marshall, proposes strict regulations on cryptocurrency ATM operations. The legislation comes after Tamara, a Social Security recipient from Peoria, fell victim to scammers posing as PayPal representatives. According to an ABC News affiliate, she was persuaded to withdraw $7,000 from her checking account and $10,000 from her individual retirement account (IRA), which she subsequently transferred using a Bitcoin (BTC) ATM. The scammers used threats and pressure…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. January 3, 2025, marked the 16th birthday of Bitcoin (BTC), the world’s first-ever cryptocurrency. It has come a long way since—inspiring an entire industry of rival cryptocurrencies, exchanges, digital wallets, and trading apps, all of which contributed to a blockbuster year for the crypto sector in 2024. Interest from the retail and institutional sectors were major drivers of this growth, but the emergence of new forms of cryptocurrency, such as memecoins and “rug pull” scams, where developers…
Ripple price remains in a deep bear market as the softness in the crypto industry continued this week. Ripple (XRP) has dropped by 30% from its January high, erasing most of the gains made earlier this year. This retreat aligns with the ongoing Bitcoin (BTC) and altcoin crash. XRP price may be at risk of further weakness amid a slowdown in its ecosystem. CoinGecko shows that most XRP meme coins have plunged by double digits in the past few days. XRP Army token has dropped by over 30% in the last 7 days. PHNIX token has fallen by 32%, while…
Total venture capital investments in the crypto space exceeded $105 million this week. Infrastructure and AI solutions secured decent capital across different funding stages. TNFT marketplace Taproot Wizards secured $30 million while the rest of the funding industry this week… Source link