Crypto News

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

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