Crypto News and Updates

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Dogecoin Shiba Inu fall: Meme Coins Face Hard Times as Trader Interest Shifts

Dogecoin Shiba Inu fall: Meme Coins Face Hard Times as Trader Interest Shifts

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In the crypto-verse, Dogecoin and Shiba Inu, widely recognized meme coins, have seen a ‘Dogecoin Shiba Inu fall’ with DOGE’s value descending by more than 1% and SHIB’s value dropping by 2%. This downward trend appears to be driven by a pessimistic investor outlook. Nevertheless, it’s not all doom and gloom in the world of meme coins. Meme Kombat (MK), a burgeoning game-centric token, continues to attract traders in light of its impending Uniswap debut. Unlike DOGE and SHIB, MK is in its presale

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Celsius Bounces Back from Bankruptcy, Introduces Bitcoin Mining Enterprise

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Following a break of a year and a half, Celsius, the cryptocurrency lender, has successfully navigated its way out of Chapter 11 bankruptcy in the US. The company declared on the last day of January that it would start to distribute $3 billion in cryptocurrency and traditional currency to those it owes. In addition, Celsius is set to introduce a new Bitcoin mining company, Ionic Digital, as part of its operations after bankruptcy. Celsius exits bankruptcy and appears to be on a promising path in

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Legal Action Initiated Against Binance and Others in Connection to Terrorism: A Perspective from Families and Former Hostages

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In the most recent update related to the ‘Binance terrorist lawsuit’, a legal battle has been initiated against the cryptocurrency exchange Binance, its ex-CEO Changpeng Zhao, and the governments of Iran and Syria. Three families, who were directly affected by the Hamas attack on Israel on October 7, have taken legal action against these parties. The plaintiffs include former hostages, relatives of victims, and the estate of a medical professional who sacrificed his life whilst attending to vict

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FTX Bankruptcy Money Back: A Glimmer of Hope for Total Refunds Post-Crypto Exchange Crumble

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Despite the collapse of the FTX cryptocurrency exchange last year, there’s a potential full reimbursement for its clients and creditors. This hopeful view has resulted in the scrapping of any resurrection plans for the exchange. FTX’s legal representative, Andrew Dietderich, confirmed in court that total reimbursement isn’t guaranteed, but it’s an achievable aim. However, several obstacles and hazards must be surmounted to reach this goal. ‘Full’ recovery suggests that customers will be compensa

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Father and Son Convicted in Bitcoin Money Laundering Conspiracy

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A father-son duo, Joseph and Ryan Farace, based in Maryland, have been sanctioned for their participation in a bitcoin money laundering operation connected to illicit drug trade on the dark web. Joseph, the father, at 72 years old, was sentenced to 19 months in federal prison for aiding his son, Ryan, aged 38, in laundering Bitcoin proceeds from unlawful drug transactions. Ryan, a previous offender, was handed a 54-month federal prison term, followed by two years of supervised release, rooted in

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Bitcoin Price Decline: A Close Look at the Recent Downturn Following ETF Approval

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In the aftermath of the Bitcoin spot exchange-traded funds (ETF) getting a green light in the U.S, the Bitcoin price has seen a noteworthy plunge of around 10%, equating to approximately a $4,000 drop. This has sparked a discussion among investors regarding the potential depth of the Bitcoin price drop in the near future. This scenario has triggered an increasing ‘sell-the-news’ mindset in the market. The latest pattern of Bitcoin’s price movement indicates a consolidation within an upward chann

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Injective Protocol Price Surge: An Extraordinary Year-to-Date Increase of 2,700%

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The digital currency, Injective (INJ), has experienced a noteworthy expansion in 2021, marking a 2,700% rise in value, largely propelled by amplified futures trading volumes and leverage utilization. In just 24 hours, the core token of the decentralized finance (DeFi) platform, Injective, exhibited a significant 24% growth. The Injective INJ surge has positioned it among the top performers in the unpredictable cryptocurrency market. Primary drivers of this rally include an upswing in trading vol

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Unstoppable Domains Integration: A Fusion of Classic .com and Modern Web3 Domains

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Unstoppable Domains, a top player in the Web3 domain space, has taken a significant step by bringing traditional .com domains onto its platform. This marks the first instance where conventional Web2 domains have been linked with the advancing Web3 domain landscape. The Unstoppable Domains integration is a strategic move to bridge the gap between the current web structure and burgeoning technologies, offering users the convenience of interacting with both domain types on a single platform. More t

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Transforming SocialFi: Collab Land Telefrens, the First Token Trading Bot on Telegram

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Collab Land is spearheading a revolution in the SocialFi realm with Collab Land Telefrens, the first-ever bot developed for token-gated groups on Telegram. Powered by cutting-edge Arbitrum technology, Telefrens offers an unprecedented blend of rewards for creators and a smooth onboarding process for users. With features such as automated token-gated group setup, advanced security measures, a built-in royalties system, and AI integration for enhanced community experiences, Collab Land Telefrens i

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ethereum to outperform Bitcoin: JPMorgan Foresees Ethereum's Ascension Following Major Enhancements

Ethereum to outperform Bitcoin: JPMorgan Foresees Ethereum’s Ascension Following Major Enhancements

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Financial colossus JPMorgan predicts a bright horizon for Ethereum (ETH) over Bitcoin (BTC) in the forthcoming year, with the keyword ‘Ethereum outperform Bitcoin’ underlying their forecast. This outlook is supported by the impending network upgrade for Ethereum, dubbed ‘Protodanksharding’ or EIP-4844. This upgrade, a precursor to the full deployment of ‘danksharding’, seeks to invigorate Ethereum’s layer 2 networks with heightened transaction bandwidth and reduced fees. Interestingly, this opti

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Bitcoin Market Forecast: The Influence of BTC Ordinals on the Upcoming Bull Surge

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The rise of Bitcoin Ordinals, similar to Bitcoin’s version of Non-Fungible Tokens (NFTs), has sparked significant curiosity in the crypto space. The 46 million plus Ordinals inscriptions highlight the buzz around this new protocol. This advancement, adding fresh functionality to the Bitcoin blockchain, could have a positive impact on Bitcoin’s worth, drawing more participants and broadening Bitcoin’s applications. However, with the potential for market growth, Bitcoin Ordinals also pose challeng

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Unanticipated Glitch Results in Lifinity USDC Pool Depletion

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A surprising bug in an Immediate-or-Cancel order on December 8 led to a substantial setback in Lifinity’s LFNTY-USDC pool. The glitch led to approximately $700,000 being depleted from the pool. The Lifinity USDC pool drained incident occurred when an arbitrage bot tried to exploit price variances between different trading pairs. The bot performed an Immediate-or-Cancel market order on Serum v3, which is required to be instantly filled at the current market rate, and gets cancelled if it’s not fi

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