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Heading into December 2023, the cryptocurrency community is closely monitoring Shiba Inu (SHIB), a notable meme coin renowned for its lively community and recent innovations such as Shibarium. Although it hasn’t surpassed Dogecoin in market capitalization within the memecoin category, SHIB has carved out a niche for itself with a dedicated and thriving ecosystem. Community Growth and Innovations Shiba Inu’s ascendancy is characterized by a flourishing and expanding community. The introduction of Shibarium stands out as a significant development contributing to SHIB’s appeal. This innovation enhances the ecosystem’s versatility, emphasizing the project’s commitment to continuous enhancement. Market Dynamics and Whale Engagement While Shiba Inu’s price has seen an upward trend this month, there are signs indicating a potential decline in whale interest. On-chain large transaction volume has reportedly dropped by 90% from its peak in early November. This reduction suggests a potenti

The US Treasury Department has requested that Congress give it more authority to go after illicit actors in the cryptocurrency space, including in some cases overseas. “We are calling on Congress to create a secondary sanction regime that will not only cut off a firm from the U.S. financial system, but will also expose any firm that continues to do business with the sanctioned entity to being cut off from the U.S. financial system,” said Deputy Treasury Secretary Wally Adeyemo on Nov. 29. “This is a significant tool we do not request lightly. But we need to do everything in our power to make sure that groups like Hamas are not able to find safe haven within the digital asset ecosystem,” he added.  Crypto’s use in terrorism financing has been at the forefront of discussions since militant group Hamas attacked Israel. US Treasury Sets Its Sights on Virtual Asset Service Providers The U.S. Treasury’s proposal asked that lawmakers allow for the “targeting of cryptocurrency entitie

Stablecoin issuer Paxos has received in-principle approvals from the Financial Services Regulatory Authority to issue stablecoins in Abu Dhabi. Paxos, a cryptocurrency brokerage firm and stablecoin issue r, has secured two in-principle approvals of the Financial Services Regulatory Authority in Abu Dhabi. According to a press release on Nov. 29, 2023, the greenlight from the regulator allows the firm to issue U.S. dollar and other currency-backed stablecoins . The New York-headquartered company can now also offer crypto-brokerage and custody services in the region. “Our in-principle approvals from the Financial Services Regulatory Authority, on the heels of our in-principle approval from the Monetary Authority of Singapore, solidify our commitment to pursuing international growth through regulated frameworks.” Paxos Head of Strategy, Walter Hessert You might also like: Paxos to issue USD stablecoin in Singapore The expansion in Abi Dhabi comes just a few weeks after

Bioniq, a new market place for Bitcoin Ordinals, introduces a distinctive approach by operating on the Internet Computer (ICP) blockchain. The introduction of Bioniq, a Bitcoin Ordinals market place, marks a notable development in the evolving landscape of cryptocurrency. Distinctively, Bioniq operates on the Internet Computer (ICP) blockchain, a platform developed by Dfinity, rather than directly on Bitcoin. This approach positions ICP as a type of layer-2 network for Bitcoin, a significant deviation from traditional practices in this space. Hello world! We're an experienced team of Web3 developers bringing you the worlds greatest trading experience for ordinal NFTs Send, receive, inscribe, buy, sell, swap, trade, auction, offer, and collateralize all in the works Can't wait to show you what we are building — bioniq (@bioniqMarket) February 28, 2023 Bioniq claims to offer several benefits including being the “world’s fastest” market place for Bitcoin Ordinals, incorporat

This Web3 security protocol halted on-chain transactions to recover $800,000 in Vulcan Forged user funds after a Web3 gaming platform suffered a security breach. As Web3 gets bigger, it struggles to keep up with the malicious actors targeting users’ funds across different blockchains and networks. This security protocol takes a preventive approach against hacks and exploits, freezing assets before they get stolen. Web3 benefits from being a digital-first ecosystem for innovation and growth. However, it also opens up the appetite of malicious actors, including hackers and exploiters, in the digital realm. The bigger crypto and Web3 get, the more they become vulnerable to hacks and exploits — victimizing users and causing the loss of billions. From decentralized finance (DeFi) platforms to nonfungible token (NFT) marketplaces, no one can claim full invulnerability against attacks targeting investors, traders and funds stored across the Web3 industry. DeFi exploits also move the related

The soccer mogul Cristiano Ronaldo is facing a class-action lawsuit from plaintiffs claiming to have suffered financial losses linked to his promotion of Binance. The lawsuit was filed on Nov. 27 in a Florida District Court and accuses Ronaldo of aiding in the sale of unregistered securities in collaboration with Binance. Binance entered a multi-year partnership with Ronaldo in mid-2022. As per that agreement, Ronaldo promoted a series of non-fungible tokens (NFT) on the platform. The plaintiffs now allege that Ronaldo’s promotion led users to not only invest in his NFTs, but also to engage with other Binance offerings, including investments in what they claim are unregistered securities , such as Binance’s BNB token and its crypto yield programs. “Binance’s partnership with celebrities like Ronaldo was clearly designed to use the positive reputation associated with specific celebrities to convince consumers that Binance was a safe place to buy and sell cryptocurrency.” The

Brian Armstrong’s U.S. crypto exchange emailed some users about a court summons received from the CFTC regarding rival platform Bybit. Coinbase, America’s largest crypto exchange, sent emails to select customers concerning a subpoena the company received from the Commodity Futures Trading Commission (CFTC) in the regulator’s investigation into Bybit, a Dubai-headquartered digit asset trading venue.  The notice posted by Coinbase customers on social media explained that the exchange may submit information on certain accounts and their transaction histories by U.S. laws.   No action is required from you, but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court – including by sending information concerning your Coinbase account to the Commodity Futures Trading Commission. Coinbase email on CFTC-Bybit subpeona CFTC Subpoena to Coinbase In The Matter Of Bybit Fintech

A Los Angeles man who posed as Apple support staff to steal NFT s and Crypto has been sentenced to eight years in prison and ordered to repay $1.2 million to victims, according to the Department of Justice (DoJ). Amir Hossein Golshan defrauded hundreds of victims in numerous online scams between April 2019 and February 2023, prompting an investigation from the Federal Bureau of Investigation (FBI). During this time, he raked in roughly $740,000.  Golshan’s most profitable scheme saw him posing as a member of Apple’s support staff to steal NFTs and crypto. The 25-year-old used Apple’s official support line number to gain victims’ trust and offer them an ‘advanced security protocol’ to protect their iCloud. He would then get them to hand over their two-step verification code, log into their iCloud account, and steal what he could. From one victim, he stole a $319,000 NFT and roughly $70,000 in crypto. He later sold the NFT for $130,000 in crypto. He reportedly defrauded five vict

Although the cryptocurrency market has turned red, with Dogecoin (DOGE) being no exception, the famous dog-themed cryptocurrency has reached a significant milestone in the number of crypto wallets holding it, in addition to a remarkable surge in its user activity. Specifically, Dogecoin recently saw a massive increase in the total number of its addresses with a balance , culminating with 5.02 million , according to the most recent chart information shared by the crypto market intelligence and analytics platform IntoTheBlock in an X post on November 27. Total DOGE addresses. Source: IntoTheBlock On top of that, the platform’s team noted that this milestone coincided with an exceptional surge in Dogecoin’s daily user activity, recording around 168,500 active addresses on November 26, which represents the highest engagement in 20 months, or since March 2022, according to the chart. Daily active DOGE addresses. Source: IntoTheBlock Meanwhile, the sudden increase in activity coul

John Deaton revisited an old post of his on why digital assets cannot be regarded as securities.  The lawyer argued that secondary sales of digital assets cannot be securities, pointing to several U.S. court decisions.  His post comes in reaction to Cardano’s Charles Hoskinson complaint about the SEC’s application of the investment contract rule. In a recent post on X, John Deaton revisited an old post of his on why digital assets cannot be regarded as securities. His post follows a video by Cardano founder Charles Hoskinson, expressing his frustration with the U.S. Securities and Exchange Commission’s application of the investment contract theory.  In a thread posted in April, Deaton argued that “investment contract” is one of the most misunderstood legal terms. Noting the definition included in the Securities Act of 1933, the crypto lawyer mentioned that digital assets or software codes were not listed as securities.  He continued by listing cases where

Blast TVL reaches $570 million, days after the Paradigm and Standard Crypto backed L2 launched. A Japanese crypto VC is reportedly eyeing a $5M investment in the platform. Blast’s deposit-only smart contract has attracted huge criticism. Blast, the recently launched Layer 2 crypto project has surpassed $570 million in total value locked (TVL), according to data on Dune Analytics. With the project’s one-way deposit contract attracting criticism including from Paradigm researcher Dan Robinson, the number of depositors looks to have fallen from the peak seen last week. However, the L2’s value locked in ETH and stablecoins has risen to over $570 million just days after its launch.  The Blast team also shared the milestone on their X account, noting that over 63k community members were now earning yield (approximately 4% for ETH and 5% for stablecoins). They are also amassing Blast Points. Blast has reached $570 Million in TVL within 1 week. 63,948 communit

While a decision is pending on the amount of damages that Ripple would have to pay to settle the lawsuit against the United States Securities and Exchange Commission (SEC), recent remarks by the agency’s former chairman have caused disbelief in the crypto currency community. Specifically, despite expressing sympathy towards crypto currency entrepreneurs, former SEC chair Jay Clayton also opined that the issue of classification of crypto assets was “overblown” during a Council on Foreign Relations event streamed live on November 21, sparking massive reactions. ‘Overblown’ issue of security vs. commodity As it happens, Clayton was replying to the question from the audience regarding the appropriate way to regulate the crypto sector, stating that the best way to do so would be first to recognize that “it’s technology, not a product,” and further highlighting that: “I think the classification issues about whether it’s a security or a commodity are overblown. Most of those decision

Binance announced it would delist BTS, PERL, TORN, and WTC on December 7. Binance regularly delists tokens that no longer meet required standards or are affected by industry changes. The trading pairs to be delisted include BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT. Binance, the largest cryptocurrency exchange by trading volume, announced it would delist four digital assets, BTS, PERL, TORN, and WTC, from its platform on Thursday, December 7, 2023. In a blog post, the top crypto exchange noted that the delisting exercise is part of its regular review process to check that tokens listed on the platform continue to meet required standards. According to Binance, when a coin or token no longer meets the required standard or the industry changes, it conducts an in-depth review which may result in delisting to protect users. Binance said that it considers several factors to determine if the listed digital assets would remain listed or be removed from it

A top analyst believes that one Solana (SOL) challenger that’s trading under the radar is in the early stages of an up trend . Pseudonymous analyst The Flow Horse tells his 188,000 followers on the social media platform X that layer-1 blockchain Sui (SUI) appears to have ended its down trend after breaking out from a rounding bottom reversal pattern. “This SUI trend looks like it is just beginning. Anything that has come out in the last six months and rounded out while retaking key volume levels is on my list of things to be aggressive about.” Source: The Flow Horse/X At time of writing, SUI is trading at $0.65, down nearly 3% in the last 24 hours. Next up is the smart contract platform Solana itself, which the trader says looks bullish after market participants showed up to accumulate the dip when it dropped to a weekly low of $52.21. “So SOL is definitely going higher. This is a very bullish correction and the spot market is just buying everything.”  At

According to BNB Chain, DappBay identified over 100 risky dApps this week. The risky dApps identified by DappBay include Genesis Universe, DeXe DAO Studio, Web3 Pilot. DappBay’s listing model involves daily updates as it identifies more risky dApps on the BNB Chain. According to BNB Chain, DappBay, the Web3 dApp Store for users to safely explore and use dApps on BNB Chain, identified over 100 risky dApps this week. In a recent post on X (formerly Twitter), the blockchain network noted that Genesis Universe, DeXe DAO Studio, Web3 Pilot, Quick Pay, Silo, and Crystal were all included in DappBay’s recent list of risky dApps. DappBay's Red Alarm identified +100 risky dApps this week! They include: Genesis Universe, AIRDROP HUNTER DeXe DAO Studio, Web3 Pilot, Quick Pay, Silo and Crystal. Check out the entire list here and stay safe!https://t.co/dsAe37Ijnh pic.twitter.com/BFGEYsGinH — BNB Chain (@BNBCHAIN) November 25, 2023 The platform used by DappBay fo

The crypto currency market is bracing for another bull run, which analysts anticipate sometime in 2024. Researchers cite the possibility of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) and the BTC halving event next year as possible drivers. The anticipation of a bull run may lead to many new investors entering the crypto market. However, newcomers may want to start with something small that could give high returns soon. Also Read: Top 3 Crypto To Watch Under $0.50 For Next Bull Run Hence, let’s look at the top 3 crypto currency projects under $0.10 that could rally 2X in 2024. Top 3 crypto under $0.10 Shiba Inu (SHIB): Source – Outlook Shiba Inu (SHIB) is one of the most popular crypto tokens in recent years. Although the asset has struggled in 2023, analysts anticipate SHIB to generate significant steam in 2024. The token is down by almost 90% from its all-time high (ATH), which it attained in 2021. Many believe that SHIB could regain its ATH level in the next bull

Bit farms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital. Bit farms Ltd., a Canadian Bitcoin mining company, has initiated a private placement deal with U.S. institutional investors to raise approximately $44 million ($60 million CAD). This strategic deal, set to close around Nov. 28, entails the issuance of over 44 million common shares at 99 cents each, coupled with warrants for purchasing additional shares.  As Bitfarms mentions, the proceeds from this private placement will fund key growth initiatives, including acquiring new mining equipment, expanding infrastructure, and bolstering the company’s working capital​​. #Bitfarms Announces C$60 Million Private Placement with U.S. Institutional Investors The net proceeds of the private placement will be used by the Company mainly to acquire additional miners, expand infrastructure, and improve its working capital position. Press Rel

India’s anti-terrorism squad has made an arrest after an unnamed person threat ened to bomb the International Airport of Mumbai unless it handed over $1 million worth of bitcoin within 48 hours. According to The Times of India, the threat was emailed to the Chhatrapati Shivaji Maharaj airport at around 11 am on Thursday.  The email’s subject read “Blast,” followed by, “This is a final warning to your airport. We will blast Terminal 2 within 48 hours unless one million dollars in Bitcoin are transferred to the address. Another alert will be after 24 Hrs.” An executive of Mumbai International Airport Limited said, “I was at the quality and customer care center in the airport when I came across the threat mail. The threat mail claimed to blow up the airport within 48 hours if the ransom was not paid .” The Free Press Journal reports that a suspect from the city of Thiruvananthapuram, Kerala, has been arrested by Maharashtra’s anti-terrorism squad and accused of sending the threate

Scammers have started targeting Nansen’s customers via email by offering fake airdrops after the firm’s third-party vendor suffered data leak. Cybercriminals are sending out phishing emails to Nansen customers exposed in a recent data breach related to one of the firm’s third-party vendors. According to web3 threat researcher Officer’s Notes, the customer s who were exposed in the data breach have started receiving phishing emails , claiming they are “eligible” to participate in an airdrop from Nansen. Users have reported receiving phishing emails from fake @nansen_ai today… stay safe! FYI @ASvanevik pic.twitter.com/jqVRVE9by9 — Officer's Notes (@officer_cia) November 24, 2023 The fake letter from Nansen says customer s can now claim their $NANSEN token as part of an “exclusive opportunity,” attaching a malicious link. According to reports on X, the scammers are distributing the phishing letters via an email apparently registered on networkforgood.com. As of press time, N

The heads of Australia’s largest crypto exchanges say a bull run is coming early next year — others say it’s already arrived. The market has already entered the first phase of a major rally, with the number of people buying crypto trickling upward which is expected to accelerate early next year, say the heads of Australia’s largest crypto exchanges. Independent Reserve CEO Adrian Przelozny told Cointelegraph he expects market activity to see an uptick in early 2024 and is hiring to build infrastructure before that happens. “We’re just doing everything we can to get ready for a bull market because we know that when the bull market comes, it happens very fast,” he said. “You need to make sure you have the processes, people, and infrastructure in place so when your business triples overnight, you can handle it.” “I think the next two years are going to be good. Strap yourselves in.” BTC Markets chief Caroline Bowler said market conditions had grown more bullish over the year, with a gene