Author: James Wilson
Pi Network’s native token PI continued to rally for the second consecutive day amid community hype ahead of Pi Day. According to data from crypto.news, Pi Network (PI) rose to an intraday high of $1.79 on March 13, nearly 42% above its lowest point this week. Its market cap was seated at a little over $12.2 billion, while its daily trading volume doubled over the previous day, hovering over $930 million at the time of writing. Although the crypto is still down over 42.5% from its all-time high of $2.99 in February, PI has recently made a huge leap in…
A bill tightening oversight on cryptocurrency ATMs to curb fraud has been signed into law in Nebraska. According to a March 12 press release from Nebraska Governor Jim Pillen, the new law, called the Controllable Electronic Record Fraud Prevention Act, introduces stricter licensing and reporting requirements for crypto ATM operators. It was introduced as a part of Legislative Bill 609, introduced by Senator Eliot Bostar on January 22. Companies running crypto ATMs must now be licensed under Nebraska’s Money Transmitters Act and get approval from the state’s Department of Banking and Finance before setting up machines. Further, the legislation also…
Trezor’s latest hardware wallets feature secure elements but are still vulnerable to attacks targeting their microcontrollers, Ledger claims. In the constantly shifting world of crypto security, even the most advanced hardware wallets aren’t immune to emerging threats. Now, cybersecurity experts at Ledger Donjon, the research arm of physical crypto wallet Ledger, are raising concerns about its rival Trezor. Despite its reputation for secure design, Trezor’s Safe models appear vulnerable to physical attacks. While the devices feature dual-chip setups and certified secure elements, researchers at Ledger argue that these models aren’t fully protected against determined hackers. In a March 12 blog…
Bybit CEO Ben Zhou shares his thoughts on the massive Hyperliquid ETH whale liquidation which led to the platform losing $4 million. He highlights issues that come with leverage on CEXs and DEXs. In a recent post, Zhou explained how the whale was able to pull off an enormous liquidation with a long position of 175,000 ETH (ETH) (valued around $340 million) with 50x leverage without triggering a market crash. He said the whale was able to make a “quick and clean” exit while letting Hyperliquid take the fall. “Why not just try to hit the liquidation price by withdrawing…
Loaded Lions crypto has continued its upward trend for the seventh day as the project teased a major announcement set to be revealed this week. Loaded Lions (LION) surged 35.3% over the past day, reaching an intraday high of $0.0081 at the time of writing, while its market cap remained just shy of $187 million, approaching the $1 billion mark. The price gains came along with a jump in trading volume, which nearly doubled over the past day, hovering around $3.4 million. The altcoin has continued its uptrend over the last nine days, rising over 250% during this period, outpacing…
An Argentine lawyer has requested an Interpol Red Notice against Hayden Davis, the co-creator of LIBRA. According to a March 12 report from local media outlet Página 12, attorney Gregorio Dalbon, known for having represented former Argentine president Cristina Fernández de Kirchner, filed the request with prosecutor Eduardo Taiano and Judge María Servini. For those unaware, an Interpol Red Notice is essentially a global alert requesting law enforcement agencies worldwide to locate and provisionally arrest someone. Similar notices have been asked for in high-profile crypto cases, including for Terraform Labs’ Do Kwon. In court documents, Dalbon reasoned that Davis played…
Veronum crypto prepares to enter the markets with its VRN utility token, with a total valuation reaching $211 million and real-world uses via the platform. According to the project’s whitepaper, users can acquire VRN through the Veronum exchange platform or through reward programs. Users can earn rewards for every purchase made on the Veronum platform through their global partners, which can be exchanged for VRN. On the official website, the token is already in its pre-sale phase and its initial coin offering sale will begin on March 14. The token’s initial price stands at $0.00043112 with a soft cap of…
North Korea’s Lazarus Group continues its crypto laundering operations, moving illicit funds while deploying new malware to target developers and steal digital assets. On Mar. 13, blockchain security firm CertiK detected a deposit of 400 Ethereum (ETH), worth around $750,000, to Tornado Cash. The transaction was traced back to Lazarus’s activity on the Bitcoin (BTC) network. The group has been linked to multiple high-profile hacks, including the $1.4 billion Bybit exploit in February. https://twitter.com/certikalert/status/1900010122044412187?s=46&t=nznXkss3debX8JIhNzHmzw Following the hack, the group concealed the stolen funds using a variety of techniques. To exchange and transfer large amounts of cryptocurrency, they used decentralized exchanges…
While Ethereum’s current market conditions resemble past extreme lows, ETH is still the “most likely” place for institutional adoption, says Alliance DAO’s Qiao Wang. Ethereum’s (ETH) price is gradually approaching oversold territory, sparking concerns about its ability to reach its previous all-time high before the current bull cycle ends. Data from Crypto Waves shows that as of March 13, ETH entered the weak zone and is now on track to move into the oversold area already filled with such altcoins as TRON (TRX), Maker (MKR), Lido (LDO), and many others. eth is about at the same oversold level as it…
Ripple has received approval from the Dubai Financial Services Authority to provide regulated crypto payment services in the Dubai International Financial Centre. This makes Ripple (XRP) the first blockchain-powered payments company licensed by the DFSA. According to the press release published on Mar. 13, the license allows businesses in the UAE to use Ripple’s crypto payment solutions. Ripple says this will help improve cross-border transactions by making them faster and cheaper. Ripple has been in the UAE since 2020, with its regional headquarters in the DIFC. Around 20% of its global customers are in the Middle East. With a global…