Author: Crypto News

Last updated: May 28, 2024 01:38 EDT | 1 min read Defunct crypto exchange Mt. Gox transferred about 42,829 Bitcoin, valued at roughly $2.9b, to a new wallet according to data from Arkham Intelligence. Bitcoin’s price dropped slightly to $67,787 after reaching a high of $70,600 on Monday.The transfers occurred ahead of the exchange’s schedule to reimburse BTC holdings to creditors by October. The wallets still retain 95,061 Bitcoin following the outflow.According to Arkham, four transactions took place on May 28 between 1:41 AM to 2:54 AM UTC. These transactions involved a total of 21 transfers from multiple Mt. Gox…

Last updated: May 28, 2024 00:32 EDT | 1 min read Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash.Local outlet Chosun Ilbo reported Monday that financial authorities are concerned that corporate accounts, unlike individual accounts with real names attached, can be used for money laundering more easily due to the lack of individual verification.The Korean Financial Intelligence Unit (KoFIU) and the Ministry of Education are reportedly expected to uphold their position on prohibiting universities from opening…

Dog-themed meme coins are all the rage now.It doesn’t seem like they’ll be on the throne for long, however. Over the last few years, the market has witnessed a flood of dog coins with little that differentiates them. Most are duplicates of well-known meme coins like Dogecoin, Shiba Inu, or Pepe.They are vying for attention with no results. The meme coin arena could benefit from an overhaul.The KAI presale, which swiftly raised $100,000, hints that the new era of cat coins is here.A Viral Fusion of Meme Coins and AIKAI enters the meme coin scene with a bold challenge.Its fluffy…

The cryptocurrency space keeps growing, with new and innovative projects continually being developed. One innovation currently making waves is Dreamcars (DCARS), a crypto project set to revolutionize the way we perceive and experience luxury car ownership. By leveraging blockchain technology, Dreamcars has introduced the concept of fractional ownership, allowing individuals to invest in their dream cars and earn daily rewards from rentals.As the world’s first blockchain-based fractional car platform, DCARS has emerged as the top crypto to watch this month, and for good reason.Fractional Ownership That Comes With RewardsDreamcars has democratized luxury car ownership by offering car-backed non-fungible tokens (NFTs).…

Last updated: May 27, 2024 19:30 EDT | 1 min read Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.Per the South Korean media outlet Kyunghyang Games, the findings were published in a report on the nation’s crypto community by the blockchain market consultancy DeSpread.The report’s authors noted that “altcoin preference” is “one of the main features of the domestic virtual currency market.”They added that “users of domestic crypto exchanges mainly trade in altcoins, rather than Bitcoin (BTC) or Ethereum (ETH).”Top trading pairs on the South Korean…

Last updated: May 27, 2024 18:22 EDT | 4 min read Notcoin, Floki and Dogwifhat make the shortlist for best crypto to buy now. Image by cryptonews.com It was a quiet start to the week for global markets, with US markets shuttered for Memorial day, but cryptocurrencies were nonetheless in a good mood, with most major coins rising in wake of pro-crypto commentary from US Presidential candidate and former President Donald Trump last week, and traders hunting for the best crypto to buy now.Further positive commentary from Trump comes following last week’s surprise approval of spot Ethereum ETFs from the…

Last updated: May 27, 2024 17:41 EDT | 2 min read A cryptocurrency wallet linked to former President Donald Trump, a leading Republican presidential candidate, reportedly holds assets worth approximately $10 million.According to blockchain data tracked by Arkham Intelligence, the wallet contains sizeable amounts of MAGA tokens, Ethereum (ETH), and MAGA VP tokens.Details of the Holdings BREAKING: Donald Trump now holds $10M in crypto Donald Trump’s on-chain holdings surpassed $10 Million this morning, mainly fuelled by the rise in price of the $TRUMP coin – of which Trump currently holds $7.3M. pic.twitter.com/rkQi6SLvvG — Arkham (@ArkhamIntel) May 27, 2024The wallet linked…

Last updated: May 27, 2024 17:32 EDT | 2 min read A new investigation led by ZachXBT on on May 27 implicated the creators of a new memecoin in hacking a crypto influencer’s account, exposing a complex scheme to manipulate cryptocurrency prices.The probe, conducted by the pseudonymous blockchain investigator ZachXBT, uncovered that the team behind CAT, a Solana-based memecoin, hacked the Twitter account of crypto influencer Gigantic-Cassocked-Rebirth (GCR) on May 26. Their goal was to influence the prices of certain cryptocurrencies through deceptive means.Crypto Influencer GCR’s Account Hacked By Memecoin Team According to Investigation On Late Sunday, popular crypto influencer…

Last updated: May 27, 2024 16:53 EDT | 2 min read Michael Saylor. Source: a video screenshot, Natalie Brunell / YouTube The recent approval of Ethereum spot ETFs is a net positive for Bitcoin adoption, according to MicroStrategy executive chairman Michael Saylor, who appeared on the What Bitcoin Did podcast last week.The billionaire Bitcoin investor has long championed Bitcoin as the best crypto asset for value storage and assumed that no other assets would gain regulatory legitimacy in the United States. Recent developments have proven that the country’s leadership is pivoting in a more industry-friendly direction, however.Michael Saylor Wrong On…

Last updated: May 27, 2024 15:22 EDT | 2 min read Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, sold the asset claims of Gopax victims at less than half their face value on May 27. The discounted sale has led to substantial financial losses for investors, contradicting Binance’s earlier promise to fully compensate victims of the virtual asset deposit service ‘GoFi.’ The sale occurred amid rising cryptocurrency prices, exacerbating the losses for Gopax’s creditors.Initial Promises and Unexpected Actions Concerning Gopax Victims Asset ClaimsWhen Binance acquired a majority stake in Gopax, it committed to compensating investors for…