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Ethereum (ETH) rival Fantom (FTM) has outpaced the broader crypto market and surged in price this week amid a new upgrade. FTM is trading around $0.801 at time of writing. The 55th-ranked crypto asset by market cap is up nearly 5.5% in the past 24 hours and more than 15% in the past week. By comparison, the overall crypto market cap is down 1.5% in the past 24 hours and up around 5% in the past seven days. Validators on the Fantom Opera mainnet began upgrading their nodes to be powered by the project’s new “Sonic” technology on Tuesday. Fantom says Sonic will “scale the network to unprecedented heights” and can process 2,000 transactions per second. The new technology will also reduce storage requirements by up to 90%, according to the project. It’s not the only recent tech development for the project: Last month, Fantom announced a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom said it utilized the cross-chain messaging protocol Wor

Prolific wallet-draining service Pink Drainer has announced its retirement in a private Telegram chat, according to blockchain sleuth ZachXBT. The scam-as-a-service apologizes for “the lack of prior notice” before thanking its many customers, phishing scam mers who have used it to steal more than $75 million over the past year. The message makes no mention of remorse for the nearly-20,000 victims , instead assuring the scammers that any data will be “wiped and securely destroyed.” They also warn of impersonators, before urging those who have made enough money from the scams to “ take a step back from the grind and enjoy what this world has to offer .” Read more: Darkweb drugs site Incognito Market threatens to out users who paid in crypto What are wallet drainers? Wallet drainers are out-of-the-box malware packages that are developed for use by phishing scammers. Victims are lured in with false airdrop announcements or promises of lucrative returns, before being served the dr

Ripple XRP has drawn significant attention from major investors. In particular, whales have taken a great interest in the altcoin as they await a crucial court decision in the SEC’s lawsuit against Ripple Labs. This accumulation by large wallet investors suggests a promising outlook for XRP, the native token of XRP Ledger. At press time, XRP managed to hold its price above $0.51, with market trends indicating a possible rise to the key resistance level of $0.60. Amidst this, market analyst Mikybull shared Analysis and highlighted a trend that XRP is following a historical pattern potentially leading to significant gains. Source Also Read: Ripple : ChatGPT-4o Predicts When XRP Price Will Rebound Ripple XRP’s Next Quest Mikybull’s analysis features a monthly chart demonstrating a consistent pattern since 2014. This chart reveals that XRP has a dependable moving average indicator, which has accurately predicted major price movements for nearly a decade. This indicato

Due to some formalities in the criminal justice system, a world-class team of lawyers, and Fifth Amendment protections of due process, former Binance CEO Changpeng Zhao isn’t yet in prison despite receiving a four-month sentence. On April 30, 2024, a US district judge in Seattle sentenced Zhao to four months at Seatac, an administrative security federal detention center and prison. According to the judge’s signed judgment, Zhao “shall surrender for service of sentence as notified by the Probation or Pretrial Services Office.” Those offices have not yet notified Zhao that he must enter that California prison. Possibilities for sentenced criminals who don’t immediately go to prison According to federal statute 18 U.S.C. § 3585(a), a criminal’s sentence begins when that person is ‘received in custody awaiting transportation to, or voluntarily surrenders to, the official detention facility at which her sentence is to be served.’ Although that sentence can begin immediately on the day o

I am currently conducting an examination of the legality of utilizing Binance within the UK. This analysis will encompass the existing regulations and compliance prerequisites pertinent to Binance operations in the UK, along with a discussion on the potential risks and tax implications associated with utilizing the platform. Furthermore, I will investigate the ramifications of Brexit on Binance's activities, any ongoing legal proceedings against the platform, and alternative options available for users in the UK. It is crucial to remain well-informed about both the advantages and risks involved in using Binance in the UK, as well as to understand the measures required to safeguard oneself while navigating the intricate realm of cryptocurrency trading. 1. The Legality of Cryptocurrency in the UK The legal landscape surrounding cryptocurrency in the UK is defined by a robust framework of regulations and laws that establish the position of digital assets within the country.

The US-based investment advisor firm Vanguard has officially hired Salim Ramji, BlackRock’s former global head of ETFs, as its new CEO. Indeed, the appointment arrives after Vanugaurd opted to ban all recently approved Spot Bitcoin ETFs on its platform in January of this year. Ramji was a crucial part of BlackRock’s operations and led its iShares & index investing, developing and enhancing the asset management firm’s offerings for their global client base. A major part of that was the firm’s recent Spot Bitcoin ETF which has proved immensely successful. Subsequently, the hire has many wondering if Vanguard could be set to enter the Bitcoin ETF space. JUST IN: Vanguard hires BlackRock's global head of ETFs Salim Ramji as new CEO. Vanguard banned all spot #Bitcoin ETFs from their platform in January. — Watcher.Guru (@WatcherGuru) May 15, 2024 Also Read: Europe’s Second-Largest Bank Buys BlackRock Bitcoin ETF Shares Vanguard Appoints Former BlackRock ETF

As the world’s first multi-chain meme coin, Dogeverse enables users to hold and trade it on major blockchains. With high-yield staking available, its launch is just around the corner. Fueled by analyst predictions of a potential 100x return on investment, the crypto community is buzzing with excitement, especially after the project’s presale raked in over $15 million. This has many believing the coin could experience a surge similar to WIF upon its market launch. Will Dogeverse’s multi-chain advantage outperform existing dog-themed meme coins? Dogeverse is a highly anticipated project aiming to revolutionize the meme coin space by becoming the world’s first multi-chain meme coin. Unlike traditional meme coins confined to a single blockchain, Dogeverse leverages third-party solutions like Wormhole and Portal to achieve cross-chain compatibility. This innovative approach allows Dogeverse to operate seamlessly on a multitude of prominent blockchains, including Ethereum, Binance Smart

Meme coins are trending in the crypto currency market after a month of low activity. Renewed interest surged when the famous meme trader Keith Gill returned to social platforms on May 13. Gill, known as Roaring Kitty, inspired the GameStop (NYSE: GME) short squeeze in 2021 and a following Dogecoin (DOGE) pump. Data from Santiment’s SanBase Pro , Vinicius Barbosa, for Finbold on May 14 shows a recent meme coin trend taking shape. In particular, PEPE leads the charge among today’s trending coins, followed by FLOKI, DOGE, Shiba Inu (SHIB), and dogwifhat (WIF). Trending Coins on May 14. Source: Santiment / Vini Barbosa for Finbold Notably, the Ethereum-based meme token of Pepe The Frog has surged over 21% in the last 24 hours at $0.000011. It is a similar level reached in early March due to a massive meme coin boom. Moreover, PEPE’s social dominance (bars) has jumped to record highs of 2.46% of the market’s overall social interest. Picks for you Canada hunts $40M in unp

Despite the gloom of the crypto market, some low-priced altcoins are generating bullish momentum. Shiba Inu, Jasmy coin, Beam, eCash, Bonk, and Pyth Network emerge as promising cryptos today, showcasing the widespread momentum propelling digital assets forward. We analyze these coins to determine their profitability. Shiba Inu has posted remarkable ROI to early investors surging by over 1.8 million percent since its launch. Notably, SHIB’s YTD surge stands at 178. Meanwhile, Beam has continued its dizzy price movement from April. The token has seen increased market activity, evidenced by its 101% volume increase in the last 24 hours.   7 Best Cheap Crypto to Buy Now Under 1 Cent Regarding upcoming high-value crypto projects, 99Bitcoins is changing the crypto space. The innovative project integrates a “Learn-to-Earn” strategy with blockchain blockchain technology. Users engage in interactive lessons and quizzes to earn $99BTC tokens.  Furthermore, holding $99BTC provides additional

In a series of posts to X (formerly Twitter), Shark Tank star Mark Cuban called out the US Securities and Exchange Commission (SEC) for their crypto regulation tactics. Indeed, the owner of the NBA’s Dallas Mavericks did not mince words when he noted the ineffectiveness of the agency in its primary goal. Within the post, Cuban said the agency was “really, really bad at protecting investors from scams.” Moreover, he championed the digital asset regulation approach of Japan. Using the Mt. Gox situation as the basis for his argument, he noted the ability of Japanese regulators to learn, adapt, and advocate innovation. Whereas Cuban berated the inability of the US to do anything remotely similar. Source: Pixabay Also Read: Mark Cuban Warns Over ‘Unprecedented’ Post-Bitcoin Halving Mark Cuban Calls Out SEC for Crypto Approach Over the last several years, the dissension between the digital asset market and United States regulators has only increased. Indeed, the government agen