Category: Crypto

Looks like a new frog-themed meme coin has gone viral. Pepe Unchained (PEPU), the joke token with a twist, has just passed $2.5 million in its presale phase. And investors are now wondering if this layer-2 project might be the next big thing in crypto. Pepe Unchained Aims to Be Layer-2 Playground for Meme Coins Pepe Unchained is looking to set itself apart from the competition. This project is cooking up something we haven’t seen before: A layer-2 blockchain network dedicated to meme coins. Think of it as a playground…

At least three Coinbase users and one crypto user have reported being targeted by Coinbase-impersonating scammers in the past week, with one victim claiming to have been swindled out of $1.7 million. Edge & Node co-founder Tegan Kline shared to X on July 7 an explainer from a “good friend” who had their self-custody wallet drained of $1.7 million a day prior after a scammer tricked them into sharing part of their seed phrase. The victim said the scammer called claiming they were from Coinbase’s security team and sent the…

Despite the launch of a slew of blockchain networks offering lower fees and faster transaction times, Ethereum’s dominance continues, and users seem willing to pay higher fees. As such, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, according to data compiled by Lookonchain. With a whopping $2.728 billion, Ethereum clearly leads the pack in fees, while Bitcoin follows in second place, generating $1.30 billion in fees. According to the popular on-chain analytics platform, the Tron blockchain secured the third spot with $459.39 million in fees during the same…

Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears. The buyers are trying to keep the price inside the $56,552 to $73,777 range, while the bears are attempting to yank the price lower. Sellers pulled the price near $53,500 on July 5, but lower levels attracted buying by the bulls. According to Farside Investors, United States-based Spot Bitcoin exchange-traded funds witnessed net inflows of $143.1 million on July 5, the largest in one month. Bitwise Asset Management CEO Hunter Horsley said in a post on X…

TL;DR Ondo is the largest coin in the Real-World Assets (RWA) sector, with a current price around $1 and a market cap of $1.4 billion. It debuted in January and reached an all-time high of nearly $1.50 in June. The niche recently dipped from nearly $9 billion to approximately $6 billion due to the broader cryptocurrency market correction. Ondo (ONDO) Real-world Assets (RWA) have increased their popularity in the past several months. They can represent physical objects or properties and function on the blockchain via smart contracts. Earlier this year,…

Oladotun Wilfred Akangbe, the chief marketing officer of Flincap, a platform for African OTC crypto exchanges, has highlighted the cryptocurrency industry’s remarkable growth and maturity, focusing mainly on Solana’s resilience and community efforts in Africa. Akangbe told Cointelegraph that the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that would have previously triggered a market downturn. Crypto industry resilience Despite severe challenges like the regulatory issues surrounding Binance, the delisting of BUSD, and the resignation and sentencing of Binance’s founder, CZ, the industry remains robust. According…

In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of 660,000 USDT, which is about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were instructed to download the Telegram messaging app and purchase the USDT ransom from an offline OTC store. They were also warned against contacting the police to keep their child safe. The Hong Kong Police Organized Crime and Triad Bureau (OCTB), which specializes in organized crime, took immediate…

Top Stories This Week Roaring Kitty fraud lawsuit over GameStop dropped after 3 days A lawsuit against GameStop trader Roaring Kitty, aka Keith Gill, was voluntarily dropped after three days. The lawsuit, brought by Martin Radev, accused the meme trader of securities fraud for his alleged role in manipulating the price of GameStop’s stock. However, Radev’s lawsuit was dropped without prejudice, meaning he can file the lawsuit against Gill again in the future. ‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles Bitcoin’s recent drop below the $60K…

Private key leaks were identified as the leading cause of crypto thefts in the second quarter of 2024 by cybersecurity firm SlowMist’s investigative branch, MisTrack. The report highlighted many instances wherein users stored their private keys or mnemonic phrases in cloud storage services like Google Docs, Tencent Docs, Baidu Cloud, and Shimo Docs. Private Key Leaks Some users were also found to have shared their private keys or mnemonic phrases with trusted friends via tools such as WeChat, and some even use WeChat’s image-to-text feature to copy mnemonic phrases into…

Bitcoin (BTC) rebounded by 6.40% on July 6, reaching $56,975, after hitting a five-month low the previous day. This recovery indicates that traders are beginning to overcome the bearish effects of Mt. Gox’s $8 billion BTC reimbursement and the recent BTC selloffs by the U.S. and German governments. Bitcoin analysts attempt to calm panic sellers Over the past 24 hours, top crypto analysts and influencers have been working to downplay the impact of Mt. Gox and the BTC selloffs by the German and U.S. governments on Bitcoin’s long-term bullish outlook.…