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During the Christmas weekend, Indonesian authorities conducted raids at ten locations. These were suspected of illegal Bitcoin mining operations fueled by stolen electricity from the national grid. While Indonesia is becoming increasingly involved in the crypto currency realm, it has not been traditionally recognized as a major mining hub. The crackdown poses a new challenge for authorities, given that electricity theft is deemed a criminal offense in Indonesia. It carries penalties of up to five years in prison or a fine double the value of the unpaid electricity. Electricity Theft in Indonesia’s Crypto Scene While Indonesia has rapidly embraced crypto currency adoption in recent years, mining activities have not been a focal point until the recent crackdown. The surge in crypto currency prices may be drawing more individuals into mining operations, elevating the risk of electricity theft. Similar issues have been faced by Malaysia, Indonesia’s neighboring country. Here...

Crypto analyst Egrag Crypto recently took to X and shared a discussion with “a top-tier banker.” According to the banker, holding Ripple ’s XRP token “for a decade could yield incredible rewards,” perhaps as high as $2,500 per token. According to Egrag Crypto, the banker challenged them to explain how 40,000 XRP could become $100 million. The crypto analyst pointed to the token’s decade-long life cycle. For 40,000 XRP to become $100 million, each Ripple token would need to trade for $2,500. Also Read: Ripple’s XRP to Rally 90% and Hit $1.20: Predicts Analyst The banker, meanwhile, highlighted Ripple CTO David Schwartz’s prediction about 40,000 ETH reaching $100 million. The banker also said that XRP was repeating a “cycle resembling 2013-2017 but stretched out twice as long.” However, the crypto analyst did not reveal the identity of the banker or the firm they worked for. #XRP $2,500 – Don't Shout The Mes...

ABBC’s price rose to $0.077, a 45% increase in the last 24 hours. ABBC was overbought but increasing upward momentum may push it to $0.1 The project plans to upgrade its network to ABBC 3.0 in January. According to CoinMarketCap, the price of ABBC Coin (ABBC) increased by 45% in the last 24 hours. At press time, the cryptocurrency’s price was $0.077. ABBC was spared from a generally red day in the markets, which saw Bitcoin (BTC) and Ethereum (ETH) dragging many altcoins down with them. ABBC 24-Hour Price Performance (Source: CoinMarketCap) What is ABBC Coin? The ABBC team created the ABBC Coin as a way to give holders voting power during governance proposals. ABBC also focuses on enabling fast and secure payments through a multi-platform wallet. The wallet supports BTC and ETH and is built on the EOS blockchain.  At press time, there were 1.47 billion ABBC tokens in circulation. Its market cap was around $109.92 million, and its trading volume...

MetisDAO’s Ecosystem Development Fund worth $360M fuels a surge in Metis network activity and project engagements. METIS value skyrockets 426% in 30 days, signaling strong investor confidence and ecosystem growth. Ecosystem tokens MAIA and HERMES soar, with liquidity pools offering up to 350% rewards, invigorating the Metis network. The MetisDAO Foundation’s recent unveiling of an Ecosystem Development Fund (EDF) worth 4.6 million METIS, translating to over $360 million, marks a pivotal moment for the Metis network. This fund, dedicated to fostering development and adoption within the Metis ecosystem, has set the stage for a surge in user activity and project engagements.  Starting in the first quarter of 2024, these funds will enhance the network’s vitality following the release of the Metis decentralized sequencer. Surging Token Values and Liquidity Pools In the wake of this announcement, Metis (METIS), the native cryptocurrency of ...

A researcher revealed questionable practices by Ledger that raises important privacy concerns about the leading crypto wallet. In a recent X thread a cryptocurrency researcher unveiled practices by Ledger that raise concerns about privacy for Ledger Live users. The researcher particularly raised concerns regarding how Ledger Live manages user data and the limited options for offline use on Ledger hardware wallets. According to @rektbuildr’s findings, Ledger Live actively monitors users and gathers data, performing a device check whenever a Ledger device connects. Ledger Live embeds the genuine check into the apps listing procedure. As it is, they always doxx your device when installing or updating apps and firmware. I removed most tracking in Lecce Libre, but they still track you regardless. For the past couple days I'd been trying to… pic.twitter.com/Q1aF1qpjge — REKTBuildr (@rektbuildr) December 27, 2023 Ledger’s code, according to @rektbuildr, preven...

OneDegree, a Hong Kong-based virtual insurance company, reported interest from over 100 project teams for stablecoin development .  The enthusiasm spans a variety of applications, including payments, international trade finance, the equity and debt capital markets, and emerging sectors like defi and gamefi. This uptick in interest coincides with the release of a public consultation paper by Hong Kong’s Financial Services, the Treasury Bureau, and the Hong Kong Monetary Authority focusing on stablecoin s. According to a local media publication, Mr. Kwok Yan-lun, co-founder of OneDegree, highlighted the significant attention the company has garnered in the context of stablecoin development . Notably, several of these projects are exploring stablecoin applications and considering applying for a Virtual Asset Service Provider (VASP) license in Hong Kong. You might also like: Over 80% crypto discussions on Reddit were positive in 2023, data shows Mr. Guo Yanlin,...

On-chain trading platform Thunder Terminal was hacked with 86 ETH and 439 SOL on December 27. The exchange reassured customers that neither private keys nor wallets were compromised. Hackers demanded 50 ETH, or else they would delete all user data they claimed to possess. On-chain trading platform Thunder Terminal announced that the funds are safe after the exchange got hacked with 86 ETH and 439 SOL. Hackers, however, claimed that they had all the users’ data and were demanding 50 ETH or else they would delete it.  On December 27, Thunder shared that at 12:11:47 AM (UTC), suspicious withdrawals started to happen while a malicious actor got access to a MongoDB connection URL. MongoDB is a cloud database provider. The hackers reportedly used the URL to pull session tokens and execute withdrawals on behalf of the trading platform users.  Thunder claimed that it had managed to stop the malicious act in nine minutes, saying, “At 12:20:35 AM UTC, the last ...

Ripple ’s XRP token has seen a significant rise in its price this year. Since January 2023, the asset has surged by over 80%. However, the popular cryptocurrency remains overshadowed by others, such as Solana (SOL), which grew by over 1000%, and Bitcoin (BTC), which rallied by nearly 160% in the same time frame. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When XRP saw a massive spike in its price, reaching $0.82 after a US district court ruled that Ripple selling the token to retail clients did not breach securities law. However, the US SEC (Securities and Exchange Commission) has taken the lawsuit to the high court. There is a possibility that the high court will rule similarly to the district court. However, XRP’s price has stagnated over its legal unclarity. The asset has yet to reclaim its July 2023 levels and is since down almost 24%. Ripple XRP price prediction for New Year 2024 Source – The Coin Republic According to Chang...

Shiba Memu on the cusp of market debut as SEC sets deadline for ETF amendments. The SHMU presale ends on December 30, 2023, with debut on crypto exchanges to follow. The SEC has asked spot Bitcoin ETF applicants to submit final changes by December 29, 2023. The crypto market is eyeing what could be a 2024 bonanza, with bullish sentiment around the SEC’s potential approval for a spot Bitcoin ETF the leading catalyst. Alongside a few attractively poised altcoins is Shiba Memu, a presale token that’s on the cusp of its market debut. Here’s a highlight of the latest crypto news likely to be key this week. Also assess Shiba Memu presale, now down to just three days. SEC sets Dec. 29 deadline for spot Bitcoin ETF amendments The anticipation for a first spot Bitcoin exchange-traded fund (ETF) for the US market is set to rise further this week. This is after it emerged that the Securities and Exchange Commission ( SEC ) has asked all applicants se...

A crypto trader turns a $900 investment into $3.47 million in five days, marking a 3800-fold increase. The achievement is attributed to the strategic trading of ANALOS on the Solana network. ANALOS is currently trading at $0.002059, up 145% in the last 24 hours. One trader on the Solana blockchain has captured the attention of the community by turning a $900 investment into a staggering $3.47 million in just five days. The achievement, a remarkable 3800-fold increase in the initial investment, was accomplished through strategic trading of the recently popular token, ANALOS, on the Solana network. According to a report by Lookonchain, the trader initially invested 12 SOL (Solana’s native cryptocurrency), equivalent to $900, to acquire 2.6 billion ANALOS tokens five days ago. Capitalizing on the surging value of ANALOS, the trader strategically sold 1.45 billion ANALOS, yielding a total of $1.43 million in USDC (USD Coin). At present, the trader is...

MEXC faces community panic over reports of frozen assets and supposed CEO vanishing on X. Users allege withdrawal issues, sparking FUD about potential insolvency. MEXC disclaimed withdrawal concerns, threatening legal actions against the entities spreading defamatory statements. MEXC, a prominent crypto exchange based in Singapore, has become the latest target of panic messages of FUD in the crypto community. Crypto market participants have urged one another to remove their funds from the exchange amid claims that the trading platform was freezing users’ assets.  For instance, many users lamented on X that they could not withdraw their tokens. The complaint was more overwhelming from users attempting to move out Kaspa (KAS) tokens from MEXC. However, the panic calls gained momentum as the crypto community speculated that John Chen, the CEO of MEXC, had deactivated his X account. In particular, many crypto enthusiasts shared screenshots of a deactivated X ...

Solana (SOL) just reached a new milestone as the fourth most valuable crypto currency. This happens amid a fantastic year for what is now being again called the “Ethereum-killer.” Notably, Solana surpassed BNB Chain (BNB) in market cap between December 22 and 23. According to CoinMarketCap , both now have $40.84 billion and $40.64 billion in capitalization, respectively. Currently, SOL registers a 24-hour volume of $3.15 billion against BNB’s $772.54 million. The former is up 28% weekly, responsible for conquering the fourth position of the leading crypto index. In the meantime, Tether (USDT) has a $50 billion higher market cap – of $91.25 billion – in the third position. Bitcoin (BTC) is still the dominating crypto currency with $853.79 billion capitalization, followed by Ethereum (ETH), which is valued at $274.90 billion. Top 5 cryptocurrencies by market capitalization. Source: CoinMarketCap Solana’s growth suggests a narrative shift for DeFi and Web3 Cryptocurrenc...

The 52nd Speaker of the US House of Representatives, Nancy Pelosi, has purchased $5 million worth of Nvidia call options. Pelosi remains closely monitored for her well-documented engagement in stock trading. Moreover, the Nvidia purchase occurs after her husband’s, venture capitalist Paul Pelosi’s, past with the technology company. Last July, Pelosi and her husband reportedly sold 25,000 shares of Nvidia at a loss, according to Forbes. Additionally, the sale took place as the couple attempted to avoid scrutiny from members of the public. Especially after the chipmaker’s stock experienced an exponential increase this year. JUST IN: 🇺🇸 US Representative Nancy Pelosi purchases $5 million worth of Nvidia $NVDA call options. — Watcher.Guru (@WatcherGuru) December 22, 2023 Also Read: Patrick McHenry Orders Nancy Pelosi to Vacate Capitol Office Nancy Pelosi Purchases $5 Million Worth of Nvidia Call Options There is no denying that the p...

Bitcoin miner Marathon Digital Holdings (MARA) has experienced a remarkable surge in its stock value, with a 622.8% increase throughout 2023, even though it has previously faced a substantial decline from its all-time high levels. The current price of Marathon Digital Holdings (MARA) sits at $24.78, a figure which, however, still represents an approximate 85% decline from its all-time high of $166.40 reached in March 2012. Marathon Digital stock 1 year price chart | Source: Google Finance The stock ’s remarkable performance coincides with pivotal developments in the cryptocurrency market, particularly the anticipated decision by the US Securities and Exchange Commission (SEC) regarding the approval of the spot Bitcoin Exchange-Traded Fund (ETF), expected by Jan. 10. The approval of this ETF is expected to bring a massive influx of capital into the market, with major institutions like BlackRock and Grayscale potentially offering it to their clients. Amidst these market spec...

CoinGecko’s latest report reveals that the leading 50 crypto airdrops have dispensed tokens valued at $26.6 billion from 2020 to 2023. According to the Dec. 21 post on X, Uniswap (UNI) holds the record for the largest crypto airdrop , distributing $6.43 billion of UNI on Sept. 16, 2020, at its all-time high (ATH) token price of $42.88.  What are the biggest crypto airdrops ? Our study shows that the top 50 airdrops have distributed $26.6 billion worth of tokens in total, based on their all-time high valuation, from 2020 to 2023. Read the full study: https://t.co/JAB6rAM5Po pic.twitter.com/n9ecq2G85x — CoinGecko (@coingecko) December 21, 2023 You might also like: CoinGecko unveiled the top trending altcoins of the week This was followed by Apecoin (APE), which distributed $3.54 billion worth of APE on Mar. 17, 2022, at its ATH token price of $23.63. Notably, Apecoin’s airdrop specifically rewarded Yuga Labs ecosystem owners with a generous allocation ...

Bored Ape developer Yuga Labs has rolled out a new wrapper for the CryptoPunks collection to ease trades on marketplaces. According to an X thread by Yuga Labs‘ smart contract developer, @0xQuit, the newly introduced CryptoPunks721 wrapper operates on a permissionless basis and utilizes Larva Labs‘ PunksData smart contract for on-chain metadata. The primary objective behind the development of the new wrapper is to streamline the trading of NFTs from the CryptoPunks collection, originally minted in 2017, a period predating the widespread acceptance of the ERC-721 standard in January 2018. Last week, Yuga finalized a series of interconnected contracts that unlock new possibilities across our projects. They'll start simple, but they're designed to allow evolution over time. Introducing: Your Stash. 1/ pic.twitter.com/lI5L0eapZQ — quit (,) (@0xQuit) December 20, 2023 As noted by @0xQuit, the original NFTs from the CryptoPunks collection necessitate wrapp...

Shiba Inu has emerged as one of the most successful meme coins out there. With head-to-head competition with Dogecoin, the SHIB team has been working relentlessly on different projects for the community. However, it seems that many holders in the Shiba Inu community are at a loss. With Shiba Inu holding above $0.00001, let us look at how many SHIB holders are in profit currently. Also read: SHIB Forms Large Red Death Candle; Will SHIB Add Another Zero? 37% of Shiba Inu holders are at a profit Details from IntoTheBlock reveal that 37% of the total holders are in profit. Moreover, 7% of the holders are neutral, whereas 57% of the Shiba Inu holders are at a loss. One positive thing is that 75% of the holders have been in it for over a year. Additionally, 22% of the holders have been holding for one month to 12 months, and 3% of the holders have been holding for less than a month. Also read: Here’s How to Be a Millionaire When Polygon MATIC Hits $2 At...

Recent DEX exploits ignite demand for secure investment platforms. Pullix revolutionizes online trading, integrates crypto, anonymity, and security. Beyond a digital currency, Pullix’s PLX token ensures rewards and economic stability. The decentralized finance (DeFi) space has witnessed a series of setbacks, with recent exploits targeting major decentralized exchanges (DEXs). Notably, the OKX DEX suffered a $2.7 million hack, KyberSwap faced a nearly $50 million attack, and the AURY-USDC pool on Camelot DEX was drained. In the wake of these incidents, Pullix emerges as a beacon of innovation and security in the dynamic realm of online trading. New platform offers alternative investment opportunity Amidst growing concerns about the security of decentralized exchanges, a new platform Pullix is has emerged as a pioneering solution that seamlessly integrates online trading , cryptocurrency, and anonymity. Unlike traditional online brokers grappling wit...

Speaking to CNBC, Galaxy Digital CEO Michael Novogratz said that a spot Bitcoin ETF will be approved in January. Specifically, Novogratz stated his belief that the US Securities and Exchange Commission (SEC) will issue an approval before the January 10th deadline. The SEC is currently reviewing more than a dozen applications from issuers seeking to bring the very first Spot Bitcoin ETF to the United States. Subsequently, the digital asset market is carefully awaiting such a decision. If approved, the investment product could have a massive impact on the market. JUST IN: Galaxy Digital CEO says a Spot # Bitcoin ETF will be approved before January 10th. pic.twitter.com/sy1ErViHoO — Watcher.Guru (@WatcherGuru) December 19, 2023 Also Read: Bitcoin: BlackRock Moves Closer to BTC ETF, Makes Amendments Galaxy Digital’s CEO Expects Bitcoin ETF Approval Before January 10th Throughout 2023, ETFs have become an immensely popular idea in the world of crypto. Indeed,...