Author: John Smith
The hack resulted in ANITA surging to $4.9 million in trading volume, which was pumped on account it was tied to Drake’s upcoming tour. Canadian hip-hop mogul Drake had his X account compromised on Dec. 15, with malicious actors using it to promote a meme coin dubbed Anita. Within hours, the newly minted token rose to $4.9 million in volume, largely on account of the rapper’s 39 million followers, who believed it to be connected to his upcoming tour, called the Anita Max Wynn tour. Screenshot showing Drake’s X account hacked on Dec. 14, 2024. The advertisement claimed that the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Affordable crypto coins like Lightchain AI are catching investors’ attention this Christmas, offering a chance to boost portfolios with huge growth at accessible prices. The holiday season is upon us, and it’s the perfect time to think about investing in cryptocurrency. With Bitcoin reaching record highs and more people turning towards digital currency, it can be overwhelming to decide which coins to add to your portfolio. However, there are affordable crypto coins that show promise and could potentially boost…
Solana’s daily net inflows have surpassed all other major blockchains, including Sui, Base, Arbitrum and Ethereum. On Dec. 15, the Solana network accumulated net inflows of $12 million. According to data from Artemix.XYZ, Solana (SOL) recorded the highest number of daily net inflows among the top 20 major blockchains on Dec. 15. Solana’s net inflow of $12 million was larger than the other two blockchains in the top 3, Arbitrum (ARB) and Sui (SUI), combined. Solana regained the top spot a month after the blockchain last held it on Nov. 17 with $17.6 million. On Dec. 15, Solana dethroned Arbitrum,…
David Schwartz, the Chief Technology Officer of Ripple, has warned investors about possible supply constraints and price fluctuations for the company’s USD-pegged stablecoin, RLUSD, upon launch. Source link
Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Cardano faces market struggles, Rexas Finance emerges as a promising alternative with smart asset tokenization and a projected $30 valuation by 2025. Cardano, often described as one of the most original blockchain projects, has been one of the key actors in the cold crypto market. However, recent market activity has stalled; the altcoin lost 15.57% from $1.3 to $0.94 in one week. As Cardano suffers a bearish wave, a new alternative, Rexas Finance (RXS), is attracting investors’ attention.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Charles Hoskinson is reshaping Bitcoin’s DeFi future with bold innovations, while Rollblock offers early backers exciting features. Charles Hoskinson, the creator of Cardano, has provided insight into the next developments within Bitcoin’s DeFi ecosystem. Envision a combination of Bitcoin’s capabilities with cutting-edge DeFi tools—that is the vision. Hoskinson said that his business, Input Output Global (IOG), would collaborate with Fairgate Labs to achieve this, ditching BitcoinOS. As an early supporter of Rollblock, this could mean thrilling prospects to capitalize…
Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve. Bitcoin (BTC) reached an all-time high of $106,488.25 at 12:40 AM UTC after ascending for 25 minutes straight. This hike follows the former U.S. President Donald Trump’s announcement at the New York Stock Exchange on Dec. 12 to create a U.S. Bitcoin strategic reserve. Trump’s remarks, intended to ensure the U.S. maintains an advantage over global rivals, have spurred investor excitement and propelled market momentum. Speaking to CNBC, Trump said, “We’re gonna do something great with…
In this article, we will discuss BTC wallets or Bitcoin wallets. Almost all the wallets out there support Bitcoin but we have selected some of the best Bitcoin mobile wallets for you that provide privacy, security, and transparency. We will evaluate these wallets based on the properties below. Control — Bitcoin is all about taking control of your wealth which means that only you have the sole access to your private keys.Validation — To get control of the validation process, you need to run a Full Bitcoin node and send and receive transactions through it. Most of the BTC wallets use SVP…
As of today, the Financial Accounting Standards Board will put its fair value accounting rules on BTC and other eligible crypto assets into effect. Under the new rules, companies will measure crypto assets at fair value and update them at each reporting period in their financial statements. This will help companies realize both profits and losses based on Bitcoin’s (BTC) market prices, helping them keep pace with the often fluctuating traded status of the currency. FASB ASC Subtopic 350-60 outlines a new accounting standard that is suitable for fungible crypto assets that meet certain requirements. However, NFTs, wrapped tokens, and…