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Binance Maintains Over 100% Reserves for 29 Straight Months
Binance has maintained a reserve ratio above 100% for 29 consecutive months despite rumors of the crypto exchange selling off a significant portion of its Bitcoin reserve, according to blockchain analytics firm CryptoQuant. The reserve ratio is a key metric that shows whether an exchange holds enough assets to match customer balances. A ratio above…
Read MoreSophisticated crypto address poisoning scams drain $1.2M in March
Victims of address poisoning scams were tricked into willingly sending over $1.2 million worth of funds to scammers, showcasing the problematic rise of cryptocurrency phishing attacks. Address poisoning, or wallet poisoning scams, involves tricking victims into sending their digital assets to fraudulent addresses belonging to scammers. Pig butchering schemes on Ethereum have cost the crypto…
Read MoreCardano's Social Sentiment Is Booming – Will ADA's Price Follow?
Cardano (ADA) is experiencing declining momentum amid a broader market downturn. Over the past month, the crypto asset has shed nearly 12% and is currently hovering around $0.70. Recent on-chain data reveals that whales offloaded more than 100 million ADA tokens last week, which further contributed to increased selling pressure and uncertainty over the asset’s…
Read MoreFeds charge filmmaker with stealing $11M from Netflix to gamble on crypto, stocks
US federal authorities have arrested and indicted a filmmaker, accusing him of spending $11 million given by Netflix to gamble on stocks and crypto instead of using it to finance a science fiction TV show. The Department of Justice said in an indictment unsealed in a Manhattan federal court on March 18 that it had…
Read MoreSolana Foundation Deletes Controversial Ad After Crypto Community Backlash
The Solana Foundation has removed an advertisement from its official X account following criticism over its political messaging on gender identity. The ad, posted on March 17 to promote the Solana Accelerate conference, attracted negative commentary from the crypto community for its references to gender and pronouns. Solana Co-founder Disapproves of the Campaign The video…
Read MoreRipple v. SEC Lawsuit Speculation: Can This Key Development Lead to a Resolution?
TL;DR XRP supporters hope Paul Atkins’ eventual SEC leadership will bring a favorable resolution for the Ripple case, given his pro-crypto stance in the past. One legal expert predicts a settlement before April 16, while ongoing uncertainty continues to weigh on XRP’s price, currently down 33% from its local high. The New Chairman Might Soon…
Read MoreMichael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin
Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. In an announcement, the company said it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However,…
Read MoreNew Meme Coin MUBARAK Explodes as PEPE and MEMEX Gain Momentum
Things are heating up in the meme coin space again. Mubarak, a new meme coin launched last week, has exploded in price – becoming the sector’s top gainer. Not to be outdone, Pepe and the presale project Meme Index are also gaining momentum, hinting that retail traders are back in force. MUBARAK – From a…
Read MoreMusk says he found ‘magic money computers’ printing money ‘out of thin air’
US government cost-cutting csar Elon Musk claims to have found at least 14 “magic money computers” in the federal government with the ability to send money from nothing. Musk said the computers, which exist in several federal departments, including the Treasury, Defense and Health and Human Services departments, can essentially issue payments and send money…
Read MoreNo Strategic Bitcoin Reserve in South Korea: Report
The United States government may be keen on owning and maintaining a digital asset stockpile, but not all countries feel the same way. South Korea, for one, has expressed its disinterest in including bitcoin (BTC), or any cryptocurrencies, in its foreign exchange reserves. A report from the local media Korea Economic Daily revealed that the…
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