Friend.tech native token $FRIEND fell 50% on May 3 after its debut as the largest whale dumped their holdings. Meanwhile, users couldn’t access their airdropped tokens. As BaseScan data shows, within hours of the airdrop, the largest holder, “Murphys1d,” sold over 55,000 of the newly issued $FRIEND. This led to an immediate 53.3% drop in…
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An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers. The court noted that a Gold Cost crypto promoter – BPS Financial – allegedly broke the law by promoting unlicensed crypto wallet. The firm misled customers while offering the ‘Qoin…
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Restaking protocol EigenLayer is handing out an extra 100 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop. On April 29th, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive. On May 2nd, The Eigen Foundation…
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As blue-chip cryptos stabilize following a tumble earlier this week, with Bitcoin (BTC) consolidating below $60,000, traders are turning to the on-chain markets as they hunt for top crypto gainers today. Bitcoin was last trading close to $59,000 as traders digest recent macro developments. Negative ETF flows are also on the radar after BlackRock’s IBIT saw its…
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Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed. Speaking to the Russian media outlet Izvestia, Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, said that “nations” were “exploring the use of DFAs and central bank digital currencies.” Mohsen claimed that CBDC-powered…
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Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), has reported a record net profit of $4.52 billion in the first quarter of 2024, marking a significant achievement for the company. According to the report, the substantial profit was primarily attributed to the firm’s financial gains on Bitcoin and gold, totalling $3.52 billion, and…
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As traders digest the implications of the latest Fed policy announcement and what it means for the outlook for Fed rate cuts later this year, traders are hunting for opportunities in the altcoin market and weighing up what might be the best crypto to buy today. Bitcoin (BTC) was last trading in the $57,000s, down…
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An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation. The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a probe into operator Tools for Humanity. Argentina Lawmaker: We Must Protect Consumer Rights Per…
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In wake of the cryptocurrency market’s latest tumble which saw Bitcoin (BTC) drop convincingly below $60,000 for the first time since late February, traders are turning to the on-chain markets as they hunt for top crypto gainers today. Bitcoin was last trading in the $57,000s as traders digest the latest Fed policy announcement. Negative ETF…
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The Central Bureau of Investigation (CBI) in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme. The operation, spanning 30 locations across 10 states and Union Territories, aims to crack down on individuals and companies involved in the HPZ Token App scheme, according to a report from India Today. Per…
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