Binance Burns 2.1B Terra Luna Classic (LUNC) Tokens in 18th Batch.
The burn campaign for Terra Luna Classic has reached around 98 billion LUNC.The 100 billion LUNC goal is already within reach of the burn campaign.In the 18th batch of the…
Meta’s Reality Labs Experienced Quarterly Operating Loss of $4.6 Billion.
The overall operational loss for 2023 was $16.1 billion.The company anticipates a significant year-over-year growth in Reality Labs’ losses. Despite recording its most quarterly sales ever in the Q4 of…
Deepfake Alert: Scammers Crypto Platform Promoted Scam Ads on Facebook.
Forrest criticized Facebook’s lack of action against scams after a new deepfake video began circulating online. A doctored clip of Australian mining magnate and businessman Andrew “Twiggy” Forrest on Facebook…
Binance Freezes About $4.2 Million worth XRP Connected to Ripple Co-founder’s Wallet Hack
No decentralized exchanges or crypto mixer services were used by the exploit’s hacker.The hacked accounts were Larsen’s personal ones, not Ripple’s. After the biggest breach of 2024 thus far—a $112…
Bankrupt Genesis Global avoid expenses from the SEC lawsuit.
The agreement lets Genesis avoid expenses from the SEC lawsuit and prioritize repaying customers and creditors.Crypto lender Genesis Global has settled with the U.S. Securities and Exchange Commission (SEC) in…
Bybit Crypto Exchange Applies for VATP License in Hong Kong.
The SFC has issued licenses to only two cryptocurrency exchanges in Hong Kong so far.Businesses may cater to both retail and professional investors with the VATP license.The Hong Kong Securities…
Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) –…
Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage.
The government fears more Bitcoin miners could come online as Bitcoin’s price increases, applying increased stress to electricity grids.The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency…
USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023.
A total of $5.4 billion is now in Tether’s surplus reserves, an increase of $2.2 billion.This is according to its latest attestation report by global auditing company BDO. Tether, the…
Ethereum Faces Downturn as Selling Pressure Erodes Recent Price Gains.
If the price manages to go below $2244 level, then it will likely test $2179 support level. At the time of writing, Ethereum is trading at $2270, down 1.56% in…