In a surprising turn of events, the FBI has decided to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud. This groundbreaking move marks the first time law enforcement agencies have employed NFTs to assist victims of fraudulent activities. Through the use of NFTs, victims of the CluCoin fraud will
The performance of Bitcoin can be quite volatile from month to month, depending on the sentiment of investors in the market. With years of historical data available, investors and analysts often try to predict the next move of the cryptocurrency based on past performance. As August comes to an end, Bitcoin investors are hopeful for
In the ever-evolving landscape of Layer 2 networks, Base, an Ethereum Layer 2 network incubated by Coinbase, has been making significant strides. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism combined. This impressive growth signifies Base’s increasing dominance in the Layer 2
Ethereum, along with the majority of altcoins, is currently facing notable selling pressure as it struggles to recover from the weakness experienced in early August. Despite brief moments of strength following a steep sell-off on August 5, prices are still hovering below the $2,800 mark. However, there is a ray of hope on the daily
In the past week, Bitcoin experienced a rollercoaster of price movements. After a significant dip from $59,600 to $56,300, the bulls managed to prevent further breakdowns and pushed the price back up. Bitcoin then traded sideways around $60,000 over the weekend until Monday brought another retracement to $58,000. However, the cryptocurrency quickly bounced back and
Cryptocurrencies have been a topic of discussion and debate in India for quite some time now. The Indian government is gearing up to introduce comprehensive regulations for the crypto sector, with the aim of establishing a regulatory framework for digital currencies in the country. Finance Minister Nirmala Sitharaman highlighted the need for unified crypto regulation
Coinbase, one of the leading cryptocurrency exchanges, has made a significant decision to support the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move was announced on Aug. 21, with the migration process set to commence on Aug. 26. During the migration process, users will
Dalmas, a seasoned crypto reporter, has made significant contributions to the industry with his specialization in NFTs, blockchain, DeFi, and blockchain news. With over a decade of experience in journalism and a background in mechanical engineering, Dalmas brings a unique perspective that sets him apart from other reporters in the space. His ability to craft
The recent analysis of the Bitcoin market inventory on exchanges by technical analyst Willy Woo has shed light on the bearish trend that has been prevalent until the start of August. This trend was primarily attributed to an influx of approximately 100,000 BTC from the German and US governments selling as well as Mt. Gox
Ronaldo is not just your average crypto enthusiast; he is someone who has dedicated over five years of his life to researching and understanding the complexities of the cryptocurrency industry. His journey started with a spark of curiosity, which quickly turned into a deep passion for this groundbreaking technology. Ronaldo’s commitment to staying up-to-date with