Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3 Brooklyn District Attorney Shuts Down 40 NFT Scam Websites Bitcoin dips below $92K as 24-hour liquidations hit $1 billion Art Blocks Puts 90% of Its NFTs Directly on Ethereum 2024 saw crypto markets dramatically mature IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft 8 Practical Ways to Build Wealth with Cryptocurrency in 2024 3 Altcoins to Watch in the First Week of December 2024 MetaMask Co-founder Uses Memecoins to Gauge Web3 Investors’ Trust

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Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts
Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts

As much as $1.3 billion worth of Ethereum seized from the PlusToken Ponzi scheme could soon be transferred to cryptocurrency exchanges for sale, according to on-chain data. OXT Research’s pseudonymous analyst Free Samourai indicated in a tweet Wednesday that some of these funds have already been sent to exchanges including BitGet, Binance, and OKX. The price of Ethereum is currently down 1.5% on the day but is flat over the past week, trading at around $2,448, per data from CoinGecko. In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time...

views: 218
13.10.2024
Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3
Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3

By Philip Maina 1 week agoSun Nov 24 2024 16:44:00 Reading Time: 2 minutes The Sky Mavis co-founder thinks Trump’s reign will benefit DeFi and web3 gaming The co-found believes that the outgoing administration stifled crypto and blockchain growth He added that Biden’s administration and the country’s securities watchdog used unclear laws to govern the crypto space Sky Mavis co-founder Jeffrey Zirlin thinks Trump’s presidency will support growth in the DeFi and web3 gaming sectors. Zirlin said that the outgoing Biden administration and the country’s securities watchdog used unclear laws to govern the blockchain world hence stifling innovations in the...

views: 1008
24.11.2024
Brooklyn District Attorney Shuts Down 40 NFT Scam Websites
Brooklyn District Attorney Shuts Down 40 NFT Scam Websites

By Mark Hunter 18 hours agoTue Dec 10 2024 11:49:36 Reading Time: 2 minutes Brooklyn District Attorney Eric Gonzalez has shut down 40 NFT scam websites Some of the websites were impersonating popular NFT marketplaces like OpenSea Scammers targeted artists, with one losing $135,000 Brooklyn District Attorney Eric Gonzalez has stopped scammers in their tracks by shutting down 40 NFT scam websites. The scammers used the sites to target artists, and they had already siphoned the life savings of one victim. Some sites mimicked popular NFT exchanges like OpenSea, with the malicious actors scouting for victims on social media platforms,...

views: 40
10.12.2024

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Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts
Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts

As much as $1.3 billion worth of Ethereum seized from the PlusToken Ponzi scheme could soon be transferred to cryptocurrency exchanges for sale, according to on-chain data. OXT Research’s pseudonymous analyst Free Samourai indicated in a tweet Wednesday that some of these funds have already been sent to exchanges including BitGet, Binance, and OKX. The price of Ethereum is currently down 1.5% on the day but is flat over the past week, trading at around $2,448, per data from CoinGecko. In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time...

13.10.2024
Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3
Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3

By Philip Maina 1 week agoSun Nov 24 2024 16:44:00 Reading Time: 2 minutes The Sky Mavis co-founder thinks Trump’s reign will benefit DeFi and web3 gaming The co-found believes that the outgoing administration stifled crypto and blockchain growth He added that Biden’s administration and the country’s securities watchdog used unclear laws to govern the crypto space Sky Mavis co-founder Jeffrey Zirlin thinks Trump’s presidency will support growth in the DeFi and web3 gaming sectors. Zirlin said that the outgoing Biden administration and the country’s securities watchdog used unclear laws to govern the blockchain world hence stifling innovations in the...

24.11.2024
Brooklyn District Attorney Shuts Down 40 NFT Scam Websites
Brooklyn District Attorney Shuts Down 40 NFT Scam Websites

By Mark Hunter 18 hours agoTue Dec 10 2024 11:49:36 Reading Time: 2 minutes Brooklyn District Attorney Eric Gonzalez has shut down 40 NFT scam websites Some of the websites were impersonating popular NFT marketplaces like OpenSea Scammers targeted artists, with one losing $135,000 Brooklyn District Attorney Eric Gonzalez has stopped scammers in their tracks by shutting down 40 NFT scam websites. The scammers used the sites to target artists, and they had already siphoned the life savings of one victim. Some sites mimicked popular NFT exchanges like OpenSea, with the malicious actors scouting for victims on social media platforms,...

10.12.2024
Bitcoin dips below $92K as 24-hour liquidations hit $1 billion
Bitcoin dips below $92K as 24-hour liquidations hit $1 billion

Bitcoin briefly drops over 10% from its $104K high, rebounding to $96.5K as liquidations hit $1 billion. Key Takeaways Bitcoin's price dropped below $92,000, resulting in over $1 billion in liquidations within 24 hours. Bitcoin quickly recovered to $96,500 after a 10% decline from its all-time high. Bitcoin briefly dipped below $92,000 today, marking a sharp decline of over 10% from its all-time high of $104,000 reached on Wednesday. The sudden drop caused over $1 billion in liquidations across the crypto market within 24 hours, with approximately $810 million coming from long positions, according to data from CoinGlass. Despite the...

05.12.2024
Art Blocks Puts 90% of Its NFTs Directly on Ethereum
Art Blocks Puts 90% of Its NFTs Directly on Ethereum

By Philip Maina 6 days agoThu Nov 28 2024 10:50:55 Reading Time: 2 minutes Art Blocks has put most of its NFTs directly on Ethereum to enhance their access The web3 project said the move is part of its mission to preserve collectibles directly on the blockchain The on-chain preservation eliminates the need for third-party tools to view or access the collectibles Generative NFT project Art Blocks has placed 90% of its collectibles directly on the Ethereum blockchain for “true on-chain preservation.” Art Blocks said the achievement is a culmination of a 4-year mission meant to put every artwork on...

28.11.2024
2024 saw crypto markets dramatically mature
2024 saw crypto markets dramatically mature

2024 was a landmark year for the cryptocurrency market. It was a year when the market matured, barriers to the institutional investing world came down, and international regulations started to pave the way for digital currencies to enter the mainstream global financial system.  With a President-elect keen on making the US a global crypto hub, the market experienced significant growth. As crypto adoption rose, more users turned to crypto platforms and ETFs to invest. 2024 was a transformative experience for the crypto market and the blockchain technology that powers it.  The general public, buoyed by positive sentiment and rising crypto...

06.12.2024
IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft
IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft

You are here: Home / News / IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft The United States Internal Revenue Service (IRS) has made significant updates to its crypto taxation form, 1099-DA, which is designed specifically for crypto brokerage accounts. This move is an important step in the overall strategy to organize and explain the procedure of reporting transactions relevant to a digital asset. On August 9, Ji Kim, Head of Global Policy, Digital Assets, and General Counsel at the Crypto Council for Innovation, shared the news via X. Kim emphasized that the latest draft of the 1099-DA...

10.08.2024
8 Practical Ways to Build Wealth with Cryptocurrency in 2024
8 Practical Ways to Build Wealth with Cryptocurrency in 2024

You are here: Home / News / 8 Practical Ways to Build Wealth with Cryptocurrency in 2024 Through cryptocurrency, new opportunities to create big money have opened up: from being a beginner or advanced investor to getting rich quickly. In this article, we’ll explore eight popular methods to grow your wealth in the world of cryptocurrency, starting with the most reliable and widely used strategy crypto staking. Crypto Staking Yield Farming NFT Flipping Crypto Trading Initial Coin Offerings (ICOs) and Token Crypto Mining Decentralized Finance (DeFi) Lending Play-to-Earn (P2E) Games 1. Crypto Staking: Earn Passive Income with Minimal Effort Crypto...

01.11.2024
3 Altcoins to Watch in the First Week of December 2024
3 Altcoins to Watch in the First Week of December 2024

With the last month of 2024 underway, the crypto market is expected to note some significant volatility. Bitcoin is expected to reach the $100,000 historic mark before the end of the year, and this could trigger rallies in all major and minor altcoins. However, before that happens, some altcoins are still looking at potential gains, and BeInCrypto has analyzed three such altcoins to watch in the coming days. Stellar (XLM) Stellar (XLM) may not be the top-performing token, but it is among the altcoins to watch, thanks to bullish market trends. Its recent price movement reflects investor confidence as it...

02.12.2024
MetaMask Co-founder Uses Memecoins to Gauge Web3 Investors’ Trust
MetaMask Co-founder Uses Memecoins to Gauge Web3 Investors’ Trust

By Philip Maina 3 days agoSun Dec 01 2024 09:30:44 Reading Time: 2 minutes MetaMask co-founder launched memecoins to asses web3 investors’ trust He found out that there’s a thin line between trust and expectations when investor put their money into memecoins He said that the industry needs more quality products MetaMask co-founder Dan Finlay has launched two memecoins to understand web3 investors’ trust among other things in the crypto ecosystem. From the experiment, Finlay said that some investors are blindly trusting projects that are sometimes “ a pool of toxic waste.” According to Finlay, investors in the wider web3...

01.12.2024