Bitget, a burgeoning player in the cryptocurrency sector, has recently announced that its native wallet has achieved a remarkable milestone by reaching over 40 million users—a staggering growth of more than 100% since March 2024. This achievement positions Bitget as a serious competitor to Binance, making its wallet the second most downloaded cryptocurrency application globally.
Crypto
Dogecoin, which began as a lighthearted internet meme, has morphed into one of the most talked-about cryptocurrencies. Its volatility and dependence on social media hype make it a fascinating case study in digital currencies. Recently, the coin has seen a renewed surge in interest, with speculation surrounding Elon Musk’s potential influence on its trajectory, especially
In a striking example of the vulnerabilities inherent in social media and financial markets, a recent incident involving a fraudulent tweet has raised alarm bells. The FBI arrested Eric Council, a 25-year-old individual charged with conspiracy to commit aggravated identity theft and access device fraud. The crux of the situation arose when Council posted a
The past week marked a significant turning point for spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, as these innovative financial products witnessed unprecedented inflows estimated at over $2 billion. This surge represents the most prosperous five-day trading period since mid-March and indicates growing investor confidence in cryptocurrency assets. For the 11 US-based spot
In a significant move towards curbing financial crime in India, Binance has partnered with the Delhi Police to dismantle a sophisticated scam orchestrated by a fraudulent entity named “M/s Goldcoat Solar.” This collaboration has not only led to the apprehension of several suspects but also the recovery of over 100,000 USDT in digital assets. As
The latest “State of Crypto” report from the renowned venture capital firm Andreessen Horowitz (a16z) highlights a significant milestone in the growth of the blockchain industry. This comprehensive analysis indicates that the number of wallets interacting with blockchain technology reached an astonishing 220 million in September 2024—a figure that represents a remarkable tripling since the
Bitcoin (BTC) has a demonstrated tendency to soar during the fourth quarters of bull cycles, particularly in halving years, and current analytics hint that we might be on the brink of another upward trend. The data from market analytics firm CryptoQuant suggests a robust trajectory for BTC as it scales the charts into Q4 of
The boom of cryptocurrencies over the last decade has not only ignited financial hope for many but has also paved the way for numerous scams that exploit the dreams of unsuspecting investors. One of the most egregious examples is the case of Juan Tacuri and his role as a key promoter in the Ponzi scheme
In the intricate landscape of cryptocurrencies, stablecoins have carved out a significant niche by providing a sense of stability amidst volatility. Dominating this sphere are well-known giants such as Tether’s USDT and Circle’s USDC. These established entities have enjoyed a substantial and growing market share, buoyed by their trustworthiness and the backing of fiat currencies.
In recent years, the world of cryptocurrency has seen an exponential growth in user adoption and investment interest. However, alongside this growth has come a darker side: the rise of sophisticated fraud schemes that prey on unsuspecting investors. A case that exemplifies this alarming trend is that of Chirag Tomar, a 31-year-old man who orchestrated
