Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday. His compromised X account carried a post predicting the price of the ORDI token, causing brief price surges. The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases. GCR later confirmed the...
Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signalling a bearish Bitcoin price prediction. Meanwhile, the cryptocurrency industry is experiencing a surge in hiring, with over 1,200 job openings across major exchanges like Binance, Coinbase, and OKX. This hiring spree highlights the industry’s optimism despite Bitcoin’s recent price fluctuations. Crypto...
Celebrities Caitlyn Jenner and Rich The Kid began boosting namesake crypto memecoins on their respective X accounts over Memorial Day weekend, prompting hacking concerns from X users. In a late Sunday X post, reality TV star and Olympic athlete Caitlyn Jenner announced she launched her own cryptocurrency token, JENNER, using Solana memecoin creator pump.fun. As...
In a dramatic turn of events, Tigran Gambaryan, a detained executive of cryptocurrency exchange Binance, collapsed in court due to alleged ill health during his ongoing money laundering trial on May 23, as reported by Vanguard. The incident occurred at the Federal High Court in Abuja shortly after the case was called for continuation before...
South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.” Police think the international gang ran an “open chat room,” likely a crypto Telegram group or a KakaoTalk open chat, which pretended to offer bona fide crypto trading tips. Instead, officers said, the gang “defrauded...
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC...
A U.S. district court has found crypto influencer Ian Balina guilty of violating U.S. securities laws. According to recent court filings, Judge David Alan Ezra ruled that Balina was guilty promoting and selling SPRK tokens without proper disclosure. the judge ruled that SPRK tokens met the criteria of the Howey Test, making them securities. Unlawful...
Cryptocurrency derivatives trading platform Bitget has appointed Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals. Before being promoted to CEO, Chen held the position of managing director of Bitget, where she oversaw its market expansion, business strategy, and corporate development. Under her leadership,...
Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.” This led to the bank’s failure in July 2023, at a complete loss of equity for investors, the U.S. Attorney’s Office for the District of Kansas noted. Shan Hanes, 52, who served...
Federal Reserve officials expressed growing concern about inflation during their most recent meeting, with many members hesitant to move forward with interest rate reductions. Since the FOMC decided to keep the short-term borrowing rate in the 5.25%-5.5% range, a 23-year high, it has significant implications for the economy, as well as the Bitcoin price prediction....