The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines. Zambia to Punish Illegal Use of…
Popular multi-chain DEX, PancakeSwap has announced a major community reward program from July 5 to August 5. As part of this initiative, PancakeSwap will distribute over 2.45 million zkSync (ZK) tokens to its community members in appreciation of their support for the zkSync PancakeSwap deployment since July 2023. The airdrop in question aims to reward…
In recent market movements, major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and PEPE have faced notable declines. However, amidst these downturns, a new Ethereum token called RCO Finance (RCOF) has emerged as a promising opportunity for investors. With its AI-powered decentralized trading platform and ongoing token presale, RCO Finance offers crypto investors a once-in-a-lifetime investment…
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National…
A new report by blockchain intelligence firm TRM reveals that crypto thefts in the first half of 2024 have doubled compared to 2023, with $1.38 billion stolen by June 24. Major hacks constitute 70% of losses, with private key compromises and smart contract exploits as top attack vectors. Crypto projects are advised to adopt comprehensive…
Sam Bankman-Fried – the founder of the now-defunct crypto exchange FTX, once celebrated as the “poster boy” of crypto, is embroiled in a multi-billion dollar scandal involving the misuse of company assets for political donations. Emails uncovered by The Wall Street Journal (WSJ) point to extensive involvement of the convicted exec’s family that could potentially…
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor…
On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has…
The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto community might encounter and highlights key points to consider amid the current market volatility. 7 Distinct Things That Could Instantly Change Everything Bitcoin has…
[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, July 5th, 2024] GoMining, a premier Bitcoin mining operator redefining the industry’s accessibility through their innovative NFTs, each backed with a real share of BTC hashrate, has revealed the upcoming listing of the GOMINING token on the HTX crypto exchange. GOMINING, the utility token of the…