Crypto News and Updates

Memeinator, a rising meme coin, has made remarkable progress, amassing an impressive $4M in their public presale. The Memeinator Red Apple Partnership has facilitated the creation of the Meme Warfare game, enhancing the coin’s distinctive value in the congested meme coin market. Memeinator’s official token, MMTR, is currently priced at $0.0208 and is swiftly selling out in Stage 14 of the presale. The price is projected to ascend to $0.022 in Stage 15. Memeinator’s advancement is powered by an a

Vast Bank, notable for being the pioneering US bank cryptocurrency provider, has decided to withdraw from the cryptocurrency sector. This decision was taken following an order received from the Office of the Comptroller of the Currency in October 2023. Initially enthusiastic about the potential of integrating traditional banking with cryptocurrencies, Vast Bank’s departure underscores the volatile nature of the US bank cryptocurrency landscape.

Janet Yellen, the U.S. Treasury Secretary, underscored the importance of imposing regulations on cryptocurrencies in a recent House Financial Services Committee hearing. She highlighted the potential risks to the financial system and investors due to the regulatory gaps in the digital asset sector. Yellen specifically mentioned the necessity for a unified regulatory approach to stablecoins throughout the U.S. With a clear stance on Treasury Secretary Cryptocurrency, she regards regulation as cru

Faced with persistent forex troubles, Nigeria’s Bureau De Change operators in Abuja have ceased activities due to a dollar shortage. They place the blame on the P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. cryptocurrency exchange as a part of their difficulties. However, Kue Barinor Paul, an analyst from Nigerian Web3, dismisses these claims as baseless. According to Paul, the allegations that ‘Nigerian BDC shutdown crypto’ are groundless, with cryptocurrency having only a peripheral role in Nigeria’s forex activities. He argues that t

Colin Murphy, a known associate of the notorious Canadian ‘Crypto King’ Aiden Pleterski, has been given a 5-month jail term for defying court orders in Oshawa, Ontario. This sentence follows Murphy’s refusal to surrender his iPhone and allegations of data deletion when a search warrant was executed. Amid the intensifying ‘Crypto King prison’ storyline, Murphy was sued by an investor alleging a loss of $120,000 given to Murphy for investment in Pleterski’s digital currency venture. Despite a cour

A deepfake video showing Australian tycoon Andrew Forrest endorsing a scam cryptocurrency platform, ‘Quantum AI’, has sparked outrage after appearing on Facebook. This incident is the newest addition to a growing list of bogus advertisements featuring manipulated visuals of well-known personalities, thereby fueling distrust in media. Identified by Cybertrace, the video distorts Forrest’s words and actions from a prior ‘fireside chat’ held by the Rhodes Trust in October 2023. Despite Meta, the pa

Congress members Mike Flood, Wiley Nickel, and Senator Cynthia Lummis have introduced measures to repeal the Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC). The ‘SEC crypto custody rule,’ as it’s widely referred to, imposes constraints on banks that aim to safeguard their customers’ cryptocurrency assets, requiring them to record these digital assets in the balance sheet. This trio initiated a resolution under the Congressional Review Act on Februa

Although the Solana SOL price saw a 9.8% fall between January 30 and February 1, the activity on the network is on the rise. In the past month, SOL’s value has decreased by 10.7%, lagging behind EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.) and BNB, which experienced a decrease of 1.2% and 2.6% respectively. This downward trend has led to doubts about SOL’s performance, particularly when the robustness of its network fundamentals is taken into account. The crypto market in general has been under pressure following the U.S. Feder

In an interesting turn of events, Binance, the cryptocurrency exchange, has immobilized $4.2 million in XRP. This action follows the shocking theft of $112 million from Ripple co-founder Chris Larsen’s personal wallet due to the Binance Ripple XRP exploit. Binance’s CEO, Richard Teng, announced the decision on social media, showcasing the success of freezing the thief’s address, thereby stopping any further transfers of the stolen money. Though initially thought to be a hacking incident involvin