Author: James Wilson
More than 700 unauthorized cryptocurrency tokens have been sent to Donald Trump’s digital wallet in the three weeks following his official meme coin launch. According to a Financial Times analysis, the fleet of copycat coins has prompted warnings about potential investor deception. The surge started within 30 minutes of Trump’s initial token announcement, with creators exploiting Solana (SOL) blockchain features that allow unrequested deposits into other wallets. Hundreds of these tokens use names connected to Trump or his family members, including “OFFICIAL TRUMP” and “OFFICIAL MELANIA,” despite having no actual association with the president. The actual Trump meme coin, shown…
On Feb. 7, Binance founder Changpeng Zhao posted a poll on X asking if BNB Chain should eliminate/aggressively reduce Maximal Extractable Value (MEV) issues. MEV issues reportedly cost BNB Chain users over $1 billion in the 2020s. Sure enough, over 80% of users voted for eliminating MEV issues. What is MEV? The term Maximal Extractable Value refers to the maximum amount of fees extracted by a validator of network transactions through reordering or rearranging the transactions waiting to be included in the block. The move allows validators to orchestrate the price changes on the market, adjusting the price movements by…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new crypto contender is making waves, sparking curiosity as it’s compared to past success stories in a bullish market. A fresh crypto contender is making waves, capturing the interest of enthusiasts itching for the next big thing. In the midst of a bullish market, this newcomer has piqued curiosity. Many are likening its potential to past sensations that turned everyday investors into sudden success stories. Will it rise to legendary status and transform fortunes? The answer remains tantalizingly…
Cryptocurrencies were indeed under pressure Saturday, days after U.S. tariff threats triggered market turbulence. The market chaos follows President Donald Trump’s executive order on Jan. 31, imposing tariffs on imports from Mexico, Canada, and China. Although the tariffs on Mexico and Canada remain on pause, the move was enough to rattle investors and spark sell-offs across equities and digital assets alike. Adding to the turmoil, crypto markets have been flooded with over 700 fraudulent tokens capitalizing on Trump’s name, as reported by The Guardian. The wave of scams has further eroded investor confidence, leading to heightened volatility. Rumors of Kanye…
A new Arizona bill aims to protect residents from Bitcoin ATM scams following a series of incidents, including one where a woman lost $17,000 to fraudsters. House Bill 2387, introduced by state representative David Marshall, proposes strict regulations on cryptocurrency ATM operations. The legislation comes after Tamara, a Social Security recipient from Peoria, fell victim to scammers posing as PayPal representatives. According to an ABC News affiliate, she was persuaded to withdraw $7,000 from her checking account and $10,000 from her individual retirement account (IRA), which she subsequently transferred using a Bitcoin (BTC) ATM. The scammers used threats and pressure…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano shows market strength, predicting a surge to $1.50, while Rollblock attracts bullish investors. Cardano (ADA) has recently demonstrated notable market strength, leading analysts to predict a potential surge to $1.50. This optimism is fueled by bullish chart patterns and increased whale accumulation, indicating strong investor confidence in Cardano. As altcoins start to rebound, Rollblock (RBLK) is gaining attention as a promising new project. Its creative approach to online gaming has attracted analysts forecasting huge returns by 2025. Here’s…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. January 3, 2025, marked the 16th birthday of Bitcoin (BTC), the world’s first-ever cryptocurrency. It has come a long way since—inspiring an entire industry of rival cryptocurrencies, exchanges, digital wallets, and trading apps, all of which contributed to a blockbuster year for the crypto sector in 2024. Interest from the retail and institutional sectors were major drivers of this growth, but the emergence of new forms of cryptocurrency, such as memecoins and “rug pull” scams, where developers…
The NFT market has pulled back sharply alongside a broader crypto selloff, with Bitcoin falling to $96,000 and Ethereum tumbling to $2,600. The latest data shows that the overall crypto market cap has contracted to $3.13 trillion from last week’s $3.5 trillion. According to CryptoSlam data, NFT markets have cooled this week as both prices and trading activity fell. The total sales volume reached $119.5 million — a 33% drop from the previous week’s activity. The market data shows an ongoing pullback in trading: NFT sales volume has fallen to $119.5 million from $137.9 million Wash trading on Ethereum (ETH)…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple’s dominance faces uncertainty as XRP struggles, while Rexas Finance gains momentum with real-world asset tokenization. Given its dedicated community and convincing application cases, Ripple has long been identified as a pillar of cryptocurrencies. Its cost-effective, scalable, and efficient blockchain technology is meant to change cross-border payments. Nonetheless, many investors wonder about XRP’s ability to provide life-changing profits by 2025, given ongoing legislative challenges and a flat pricing trend. Meanwhile, a fresh competitor has drawn interest, trading under $0.25…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dawgz AI, a new $0.00231 crypto, is set to challenge SHIB and DOGE with its dog-themed meme appeal and AI integration. The crypto market is buzzing with a new contender: Dawgz AI (DAGZ). Priced at $0.00231, this AI-powered meme coin blends viral humor with new tech to challenge top giants like Shiba Inu (SHIB) and Dogecoin (DOGE). With a presale offering a bargain price and a roadmap packed with utility, this project could redefine what meme coins can achieve. …