BONK, the meme coin riding the Solana wave, has cemented its meme-status glory by breaking into the top 55 cryptocurrency rankings. For the first time, its market capitalization has surpassed the $1.4 billion mark, propelling it to newfound heights within the crypto realm. The latest surge witnessed BONK’s value skyrocketing by over 70% in a…
Vitalik Buterin, the founder of Ethereum (ETH), the largest altcoin by market value, has apologized for this meme token after making some negative statements about it in the past. Buterin had shared his thoughts on a meme token called BITCOIN (HarryPotterObamaSonic10Inu) and caused the price of the related altcoin to rise. Previously, Buterin had claimed…
The US dollar is the world’s most dominant currency, used for trade, investment, and savings across the globe. But the traditional financial system that supports the dollar is slow, costly, and inefficient. That’s why Circle, a leading fintech company, launched USDC in 2018, a stablecoin that combines the stability and trust of the dollar with…
Tether, the company behind the popular stablecoin USDT, has seen its market share in the stablecoin sector rise from 50% to an astonishing 71% over the course of 2023, according to data from CoinGecko. The latest development in Tether’s meteoric rise came on the evening of January 12, when the company printed an additional $1…
Tether, the world’s largest stablecoin issuer, has released its 2023 Q4 financial report, audited by BDO, a globally renowned independent auditing firm. The report shows that Tether achieved a net profit of $2.85 billion in the fourth quarter, and a full-year net profit of $6.2 billion in 2023. The report also reveals that Tether has increased its…
The Magic Internet Money (MIM) stablecoin, issued by the decentralized lending platform Abracadabra.money, experienced a flash crash on Tuesday after a hacker exploited a vulnerability in its smart contracts and drained $6.5 million worth of funds. According to blockchain security firm PeckShield, the attacker used a complex scheme involving Tornado Cash, a privacy protocol that…
German police have announced the provisional seizure of nearly 50,000 bitcoins (BTC) worth about $2.17 billion, in what they claim to be the largest cryptocurrency confiscation in the country’s history. The bitcoins were secured in mid-January 2024 as part of a joint investigation by the Dresden Public Prosecutor’s Office, the Saxony State Criminal Police Office, and the…
MicroStrategy, the leading business intelligence company and the largest corporate holder of Bitcoin, became the victim of a cyberattack on its official Twitter account on Friday. The hackers posted a fraudulent message announcing a fake Ethereum token called $MSTR and lured unsuspecting users to claim their free tokens by sending ETH to a phishing address….
