Author: John Smith

JPMorgan CEO Jamie Dimon compared Bitcoin to smoking in a recent interview, stating he does not condone it. However, he says he is not against cryptocurrency as a whole. In an interview with CBS News on Jan. 12, Dimon has reiterated his stance on Bitcoin (BTC) and cryptocurrency as a whole. Speaking to Lesley Stahl, he claims that he is “not against crypto” but he still believes that Bitcoin has no intrinsic value. In fact, he compared people who use Bitcoin to smokers. Dimon acknowledges their right to trade Bitcoin, but he believes they should not hold it. “So, I…

Crypto exchange Mudrex announced Sunday that it has temporarily suspended crypto withdrawals, citing compliance concerns and the need to prevent misuse by bad actors. Mudrex, a Bengaluru-based crypto exchange platform supported by Y Combinator, Better Capital, and Woodstock Fund, has temporarily paused withdrawals. Founder Alankar Saxena, in an X post on Jan. 12, explained that the pause is part of an ongoing compliance upgrade in a bid to “avoid bad actors,” adding that the process will be completed by Jan. 28. We have temporarily paused crypto withdrawals on @officialmudrex, not permanently. This step is part of our effort to upgrade…

Over 7 million OpenSea users are at risk after email addresses compromised in a 2022 data breach were recently made fully public. According to blockchain security firm SlowMist’s chief information security officer, 23pds, the leaked data significantly increases the risk of phishing and other attacks. In a Jan. 13 X post, the security researcher alerted crypto community members that the compromised data had been disseminated multiple times before it was publicized. 23pds added that the leaked data includes email addresses belonging to prominent figures in the cryptocurrency industry, such as former Binance CEO Changpeng “CZ” Zhao, as well as well-known…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With forecasts predicting up to 25,000% returns, XYZVerse is emerging as a potential game-changer, possibly outpacing giants like Ethereum and becoming the next big meme coin. A new digital coin, XYZVerse, is gaining significant attention. Some believe it could overtake giants like Ethereum. With forecasts suggesting returns up to 25,000%, XYZVerse might be the next major breakthrough in digital currencies. Curious about how this newcomer could change the game? Read on to learn more. XYZ: The next meme coin…

The ANIME coin will be launched on Ethereum and Arbitrum in January 2025, with 50.5% of tokens being allocated to the community and more than 20% going to the team, advisors and company. Nearly 10 months after the release of the anime-based web3 network, AnimeChain, the Animecoin Foundation is launching its community’s native token, ANIME on Ethereum (ETH) and Arbitrum (ARB). According to the official post, the upcoming token is meant to empower the anime fandom, its creators and build “an open anime universe.” “ANIME is a Culture Coin — a movement that transforms the anime fandom of 1 billion…

Hack-related crypto laundering reached $1.3 billion in 2024, marking a 280% increase from 2023, PeckShield reveals. Crypto laundering tied to hacks reached $1.3 billion in 2024, representing representing nearly a threefold increase compared to $342 million in 2023, according to data revealed by PeckShield. In an X post on Jan. 13, the blockchain security firm said that the rise in laundered funds is “possibly driven by rising crypto prices” as Bitcoin (BTC) price more than doubled since early 2024. The report focused on hack losses exceeding $1 million. Chain hopping, a process where coins laundered between different blockchains, moved $452…

Decentralized finance protocol UniLend Finance has reportedly been exploited on Ethereum, leading to a loss of roughly $197,000 worth of assets. On Jan. 12, real-time web3 security startup TenArmorAlert reported that an attacker exploited UniLend’s “redeem process” by manipulating a flaw in the share price calculation. This allowed the attacker to artificially inflate their collateral value and drain funds from the pool. The attacker deposited USDC and Lido Staked Ether (stETH) as collateral, borrowed the entire pool’s stETH, and then redeemed their initial deposits without repaying the borrowed tokens, effectively depleting the pool.At around 11:19:59 AM UTC, the exploit transaction…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover how a $1,000 investment in WallitIQ today could turn into $750,000 by 2025 to help users build generational wealth with crypto. Cryptocurrency has become one of the most promising avenues for building generational wealth, and the WallitIQ (WLTQ) presale presents a golden opportunity for early investors to secure life-changing returns. With its low presale token offer price of $0.0420, an investment of $1,000 could turn into $750,000 in 2025 as WallitIQ is predicted to lead the next bull…

Russia’s crypto mining sector is booming, with demand for equipment tripling in just a year. What’s behind this rapid growth? According to a latest report from the Russian news agency PRIME, in Q4 2024, Russia saw a threefold increase in demand for industrial mining equipment and services compared to the same period the year before. This growth aligns with legislative changes introduced by President Vladimir Putin in the summer of 2024. Under the new laws, which came into effect on November 1, 2024, businesses and individual entrepreneurs can engage in crypto mining once they are officially registered in the national…

Popular crypto analyst Ali Martinez found that crypto market inflows have dropped to more than 56% in the past month, indicating investments in crypto have slowed down. According to a recent X post by top crypto analyst Ali Martinez, capital inflows dropped from $134 billion to just $38 billion over the past month. Alongside his findings, Martinez shared a chart showcasing the aggregated realized value net position change within the crypto market. The sharp drop in inflows was particularly evident around mid-December 2024 to early January 2025 after a particularly bullish November. “This points to a significant reduction in investment…