The Federal Bureau of Investigation has taken a bold step in utilizing Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud. This unprecedented move marks the first time that law enforcement agencies have employed NFTs to provide restitution to victims of fraud. By leveraging NFTs, the FBI aims to revolutionize the
The month of August has proven to be a rollercoaster ride for Bitcoin investors, with significant price fluctuations that have left many questioning the future direction of the cryptocurrency market. Despite starting the month on a positive note, Bitcoin saw multiple crashes throughout August, culminating in a 30% drop in the first week alone. This
Recently, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, rapidly gaining traction. According to IntoTheBlock’s latest findings, Base now has nearly 40% more daily active addresses compared to the combined total of rival Layer 2 networks such as Arbitrum and Optimism.
In recent weeks, Ethereum has been experiencing significant selling pressure, leading to struggles in breaking free from the weaknesses observed in early August. Despite occasional bursts of strength following the drastic sell-off on August 5th, the cryptocurrency continues to linger below the $2,800 mark. A key observation from the daily chart is the notable resilience
In the past 12 hours, Bitcoin has made a significant recovery after slipping hard the day before. The leading cryptocurrency surged to a weekly high of nearly $62,000, showcasing its resilience and ability to bounce back from temporary setbacks. Alongside Bitcoin, several larger-cap altcoins have also experienced impressive gains. Altcoins like LINK, UNI, MATIC, and
In recent news, the Indian government has announced its plans to introduce comprehensive regulations for the crypto sector. This move comes after various discussions and consultations within the government to address the growing concerns surrounding digital currencies. The first step in this plan is to release a consultation paper in the upcoming weeks to gather
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s plan to upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange will begin migrating the Polygon ticker from MATIC to POL starting on Aug. 26. During this migration process, sending and receiving MATIC on the Polygon network will be disabled
Bitcoin has experienced numerous bull and bear cycles over the years, and these cycles have displayed a consistent pattern. Crypto analysts often look at the past performance of the coin to make predictions about its future. PlanB, a market expert, recently shared insights on X (formerly Twitter) regarding the current Bitcoin bull run. He pointed
Recently, Willy Woo, a renowned technical analyst, highlighted the bearish behavior of the Bitcoin market due to an influx of around 100,000 BTC from governments and exchanges. He pointed out that speculation has led to the creation of more paper Bitcoin, such as derivatives, which do not involve direct ownership of the asset. However, a
The partnership between Aethir and Return Entertainment marks a significant step forward in the world of cloud-based gaming. By combining Aethir’s enterprise-grade GPU services with Return Entertainment’s streaming platform, they are aiming to provide cinematic scalable gaming adventures directly to your living room TV. This collaboration is not only beneficial for gamers but also for
