MoonPay Workforce Reduction: 10% Layoff Announced
MoonPay (@moonpay) lays off 10% of workforce, affecting 30 employees, to cut costs and boost efficiency. Despite this, partnerships with @BinanceUS and @MasterCard continue. #CryptoNews #Updates
Crypto News
General category for all types of news related to the cryptocurrency world.
Chinese Student Jailed for Cryptocurrency Fraud
Chinese student Yang Qichao sentenced to 4.5 years for $50K crypto fraud involving Blockchain Future Force token on BNB Chain. Fined 30,000 yuan. Highlights need for stricter regulations. #CryptoNews #Blockchain
Chinese Student Jailed for Cryptocurrency Fraud
Chinese student Yang Qichao sentenced to 4.5 years for $300K cryptocurrency fraud involving BFF token on BNB Chain. His conviction highlights the urgent need for stricter crypto regulations. #CryptoNews #BNB
MEV Bot Spends $810K in Fees in One Day
MEV bot jaredfromsubway.eth paid $810K in gas fees on June 5-6, 2024, accounting for 1.61% of all Ethereum network fees during this period. #Crypto #Ethereum #Updates
Riot Platforms Acquires 12% Stake in Bitfarms
Riot Platforms, a Colorado-based crypto mining company, acquired a 12% stake in rival Bitfarms on June 5, purchasing 1,460,278 shares for over $3.5 million. This acquisition occurred despite shorting pressure from Kerrisdale Capital, which criticized Riot’s Chinese equipment and raised operational concerns. Riot’s shares initially fell by 9% but rebounded to $9.65 after the Bitfarms purchase announcement. Notably, Riot had made a $950 million acquisition bid for Bitfarms in late May, which Bitfarms rejected, claiming the offer undervalued its growth prospects. This strategic move by Riot highlights its aggressive expansion in the crypto mining industry, aiming for long-term dominance despite… Read More »Riot Platforms Acquires 12% Stake in Bitfarms
Crypto Exchanges Still Liable Despite Disclosure
SEC Chair Gary Gensler warns crypto exchanges: Disclosing risks won’t shield you from legal action. Non-compliance and market manipulation will face strict enforcement. #CryptoRegulation #SEC
Memecoins Surge: Two Follow Its Meteoric Rise
Memecoin market cap hits $64B! ? $PEPE surged 900% in a year; $FLOKI burns 15B tokens, sparking price boost; $KANG presale raises $7.4M, up 400%. #Crypto #Updates
Buterin Slams Memecoins for No Real-World Value
Ethereum co-founder @VitalikButerin criticizes celebrity memecoins for lacking real-world value, urging projects to promote societal benefits. Highlights Ashton Kutcher’s $STONERCATS for funding a show. #crypto #Ethereum
Alchemy Pay Integrates with Scroll Network Expansion
Alchemy Pay integrates with Scroll, enabling USDT & USDC access via zero-knowledge tech. Users in 173 countries can now buy assets using 50+ fiat currencies. #DeFi #CryptoNews
JasmyCoin Forecast: Is JASMY Worth Investing?
? JasmyCoin ($JASMY) surges 101% in 30 days on false Apple rumors. Key partnerships with Panasonic & token lockup in 2024 shape its future. Price correction expected. #CryptoNews #Updates
ECB Confirms High Likelihood of Digital Euro Launch
ECB’s Evelien Witlox discusses the potential of a digital euro at Money20/20, emphasizing security, privacy, and its role in daily transactions. Cash usage in Amsterdam is down to 20%. #DigitalEuro #FinTech
TROG Developers Offer Trump Major Asset Deal
Trump Frog ($TROG) token launched June 1, 2024, surging 1344% after developers transferred half the supply to Donald Trump’s wallet. His crypto holdings now total $30.5M. #CryptoNews #Updates
Cryptoqueen’s Final Chapter: Murder, Money, Misadventure
Cryptoqueen Ruja Ignatova vanished in 2017 after her $OneCoin Ponzi scheme defrauded investors of billions. Her mystery highlights the need for strong crypto regulations. #CryptoScam #FinanceNews
Notcoin’s Fourfold Growth: Pavel Durov’s Insight
Pavel Durov announces Notcoin’s value surged from $6M to $24M, with trading volume hitting $4B. Millions benefit via Telegram’s mini-app. #Crypto #Notcoin #Updates