Category: altcoin

A crypto financial services firm has agreed to plead guilty to US charges of helping to manipulate markets for a crypto token created by the FBI aiming to find fraud. The United Arab Emirates-based CLS Global agreed to plead guilty to two counts of fraudulent manipulation of cryptocurrency trading volumes and wire fraud, according to…

Stablecoin issuer Circle Internet Financial has acquired Hashnote, the issuer of US Yield Coin (USYC), a tokenized real-world asset (RWA) fund.  In a Jan. 21 announcement, Circle said the deal “will enable USYC to emerge as a preferred form of yield-bearing collateral on crypto exchanges, and also with custodians and prime brokers.” Hashnote’s USDY is…

Traders are on the lookout for more Trump-branded memecoins after President Donald Trump’s eponymous token briefly broke $80 billion in fully-diluted value (FDV) within a day of launching on Jan. 18.  Spotting the next official Trump coin means sifting through dozens of fakes.  So far, only one other token, Official Melania (MELANIA) — referencing First…

Coinbase users complained of hours-long delays on Solana transactions as network congestion tied to US President Donald Trump’s Jan. 18 memecoin launch impacted the cryptocurrency exchange.  The crypto exchange’s “team is working hard on scaling our Solana infra now,” Coinbase CEO Brian Armstrong said in a Jan. 19 post on the X platform. “Lots of…

World Liberty Financial, the decentralized finance (DeFi) platform backed by President-elect Donald Trump, has started securing Ethereum Name Service (ENS) domain names related to Trump’s family members, fuelling speculation that more Trump family memecoin launches are imminent. On Jan. 19, Etherscan data revealed that the Trump family’s DeFi platform bought the ENS domain names barrontrump.eth,…

United States President-Elect Donald Trump’s controversial memecoin fell 38% as the incoming first lady Melania Trump launched a memecoin of her own, notching a $5 billion market cap within the first hour of launch. The MELANIA memecoin was promoted on Melania Trump’s X account to her 3.2 million followers and was retweeted by the incoming…

Suspicious trading activity has emerged around Donald Trump’s Solana-based TRUMP memecoin as its market cap soared to $42 billion, drawing a frenzy of retail investors. On Jan. 18, Bubblemaps, an onchain analytics firm, investigated a crypto wallet funded with $1 million four hours before the TRUMP token’s launch.  Onchain data reveals that the wallet purchased…

President-elect Trump has launched a memecoin, aptly named Official Trump (TRUMP), on Jan. 17 — drawing both praise and criticism from attorneys, with some arguing that the token signals a positive regulatory shift in the United States and others warning of a Constitutional violation. In a written statement, Consensys attorney Bill Hughes characterized the incoming…

January’s XRP (XRP) price rally risks hitting a point of exhaustion due to an emerging bearish reversal signal. XRP price chart hints at 25% correction XRP has surged nearly 50% in January, briefly topping $3.39 on Jan. 18, its highest level in nearly seven years. However, the explosive rally may face headwinds, with technical indicators…

Dogecoin’s (DOGE) price is up 10% on Jan. 17, forming a higher value of $0.42 on the one-day chart. A candle close above $0.40 will signal a strong trend reversal for the memecoin, which has consolidated between $0.45 and $0.30 since Nov. 11.  Dogecoin 1-day chart. Source: Cointelegraph/TradingView With the crypto market picking up steam…

XRP (XRP) price hit a new all-time high of $3.38 on Jan. 16, outperforming most other cryptocurrencies over the past few days. XRP’s amazing rally has left market participants wondering how high its price can go in 2025, particularly if a spot XRP exchange-traded fund (ETF) is approved. XRP/USD weekly chart. Source: Cointelegraph/TradingView AI sees…

A stablecoin for pig butchering scammers  Telegram-based illicit marketplace Huione Guarantee has launched its own stablecoin, USDH, according to security firm Elliptic. The platform allegedly operates under the Cambodian conglomerate Huione Group and plays a central role in enabling pig butchering scams, which exploit trust and relationships (often romantic) to defraud victims. Hundreds of vendors…

A new survey by onchain analytics company CryptoQuant revealed that over 60% of cryptocurrency investors are aged between 25 and 44 years old.  Released on Jan. 15, CryptoQuant’s “2024 Crypto Survey: Exchange Use and Investor Behavior” highlights that 35% of users are aged 25 to 34, while 26% fall within the 35 to 44 age range.…

Solana’s native token, SOL (SOL), saw a 22.5% decline between Jan. 6 and 13, testing the $169 level for the first time in 10 weeks. A subsequent 15% recovery by Jan. 15 couldn’t push SOL above $200, causing traders to fear that the drop in decentralized application (DApp) activity on the Solana network may hinder…

The motivation behind cryptocurrency mining It’s the money, of course. Cryptocurrency mining is the process of validating transactions on a proof-of-work blockchain network, like Bitcoin or Ethereum Classic.  Miners play a crucial role in securing the network and, in return, are rewarded with newly minted coins.  Mining began in 2009 when Bitcoin’s creator, Satoshi Nakamoto,…

Eliza Labs, the developer behind ai16z, has published a white paper outlining a vision for Web3-native artificial intelligence agents, the Web3 AI project said on Jan. 14. The 20-page document details ai16z’s AI agent toolkit, Eliza, which aims to serve as an “ideal agentic framework that can seamlessly integrate web3 applications into AI agent functionalities.”…

US Senator Elizabeth Warren has penned an open letter to US President-elect Donald Trump’s pick to lead the US Treasury, urging him to evaluate stricter regulations and enforcement measures for digital assets if he takes office.  In the Jan. 12 open letter, Warren asked Treasury Secretary-designate Scott Bessent if the Treasury Department should have more…

Bitcoin (BTC) fell below the solid support of $90,000, indicating that the bears are trying to take control. However, historical data suggests that Bitcoin tends to fall in January after the halving year. Bitcoin fell 30% in January 2017 and 25% in January 2021 but then recovered and went on to make a new all-time…

FTX is preparing to distribute more than $1.2 billion in repayments to the users of the bankrupt former cryptocurrency exchange. FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying defunct users who have been unable to access their funds for over two years. Users of the exchange who are owed…

World, formerly known as Worldcoin, recently announced the milestone of verifying 10 million human beings on its digital identity network. Worldcoin uses a network of orbs to collect biometric data to establish proof of personhood — identifiers that verify an individual is human and who that individual is. The company says proof of personhood is…