SafeMoon, once touted as a promising cryptocurrency venture, now finds itself embroiled in a scandal of monumental proportions. Recent charges of fraudulent activities and money laundering against its founder and top executives have rattled the crypto community, raising concerns about the integrity of digital currency investments. The allegations leveled by the US Department of Justice…

The Bitcoin mining landscape has witnessed remarkable growth in recent times, as both the hashrate and difficulty levels have surged to new all-time highs. This comes as the BTC rally gains momentum, prompting speculation about whether this upward trend will translate into a new all-time high for the cryptocurrency’s price. Bitcoin Mining Difficulty and Hashrate…

Shiba Inu, the popular meme-based cryptocurrency, recorded a significant decrease in its burn rate during the month of October. Shibburn, the official record-keeping platform, revealed that the community burned approximately 1.46 billion SHIB tokens in October, marking a decline in comparison to the previous month. This blog post delves into the details of this decline…

The recent JPEX scandal has left a mark on Hong Kong’s cryptocurrency industry, raising concerns about the future of web3 and digital assets in the region. Nonetheless, a recent speech by Christopher Hui, Hong Kong’s Financial Services and Treasury Secretary at the ongoing Hong Kong Fintech Week, has provided reassurance. Hui confidently declared that the…

The trial of Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, has reached a critical point as the fate of the defendant hangs in the balance. With potential sentences totaling up to 110 years if found guilty, the jury will soon commence their deliberations to determine the outcome of the case. Closing…

In recent developments, the founder of Oyster Protocol, Amir Bruno Elmaani, also known as Bruno Block, has been sentenced to four years in prison for tax evasion. Elmaani pleaded guilty to the charges brought against him, which included offering unregistered Initial Coin Offering (ICO) and engaging in a pump-and-dump scheme that defrauded investors. Multiple Charges…