Author: John Smith
A user lost $6.5 million in crypto after unknowingly purchasing a compromised cold wallet through TikTok China. In a recent post on X, blockchain security firm SlowMist reported that a user lost $6.5 million worth of crypto after purchasing a compromised cold crypto wallet through Douyin, the Chinese version of TikTok. The wallet, though seemingly factory sealed, had its private key compromised at creation. Just hours after the user transferred funds into it, the assets were drained. “Avoid “Factory sealed” or “Discounted cold wallets” — 99% are tampered,” the firm warned. The incident mirrors the Trezor Model T incident investigated…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Michael Saylor wants Apple to buy Bitcoin, and if they do, it could ignite a chain reaction that propels not just BTC, but altcoins like LILPEPE and XRP into the spotlight. Michael Saylor, the outspoken Bitcoin supporter and founder of MicroStrategy, has once again sparked the crypto conversation by suggesting that Apple should acquire Bitcoin (BTC). Bitcoin is like digital gold. With more than $200 billion in cash reserves, Apple may change the way companies manage their finances by…
The ongoing wave of crypto kidnapping-for-ransom in France has recently claimed another victim. But this time, the attackers walked away empty-handed. A 26-year-old TikTok influencer was the latest target in the troubling trend of crypto-linked kidnappings in France. According to local outlet Europe 1, the victim was abducted late Friday night while returning home in Juvisy-sur-Orge, a residential commune in the southern suburbs of Paris. He was forced into a stolen vehicle by four men, and then reportedly beaten and tortured. The attackers demanded the influencer to provide €50,000 in cryptocurrency to secure his release, banking on his social media…
Memecoins PENGU, BONK, and POPCAT are all setting up for a potential leg higher, having recently pulled back to key support zones and now showing early signs of momentum shift. Pudgy Penguins (PENGU) price recently bounced from a confluence support zone, formed by the rising trendline and a horizontal support range around $0.0088–$0.0090. Momentum indicators are showing early signs of a potential reversal, with a bullish divergence on the RSI and flattening MACD histogram with the signal lines nearing a potential bullish crossover. However, PENGU price remains below the 20-day EMA and 50-day SMA, and the broader downtrend from May…
Matthew Sigel, VanEck’s head of digital assets research, is urging companies with Bitcoin treasuries to adopt stricter capital management practices as their stocks approach net asset value. In a X post on June 16, Sigel warned that continued share issuance near net asset value could harm shareholders rather than benefit them. NAV refers to the net value of a company’s entire Bitcoin (BTC) holdings is divided by the total number of outstanding. It helps investors understand how much Bitcoin backs each share. A company may issue shares and use the money received to purchase more Bitcoin if a stock trades…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Solaxy gearing up for its post-presale launch and Pepeto preparing a game-changing exchange demo, crypto’s next wave of breakout plays may already be here. How to claim presale Solaxy tokens after listing ? Once the Solaxy presale ends and the token officially launches, you’ll be able to claim your tokens directly from the Solaxy dashboard. Just visit the same website where you joined the presale, connect your wallet (like MetaMask or Trust Wallet), and click the “Claim” button. Make sure…
Brazil is taxing cryptocurrency profits at a flat rate, having scrapped the monthly exemption previously granted to small-scale investors. Starting June 12, a 17.5% capital gains tax applies to all crypto transactions, regardless of the value or volume, as part of Provisional Measure 1303, introduced by the federal government to increase revenue from financial market activities. Under the new regulations, taxation applies to crypto assets held in self-custody wallets and digital assets stored overseas. Brazilian investors must now declare all gains quarterly, with the ability to offset losses from the previous five quarters. However, this offset window will be reduced…
Bybit CEO Ben Zhou declared that the exchange’s first incubated on-chain liquidity network, Byreal, is set to make its debut at the end of June 2025. In a recent post, Zhou announced to his followers that the exchange is gearing up to release its first on-chain liquidity DEX which will be built on the Solana (SOL) ecosystem. According to the official announcement, the on-chain DEX is set to go live by the end of this month. “Announcing Byreal — our first on-chain DEX incubated by BB, will be LIVE by end of the month. Starting from scratch and now born…
With stablecoins gaining traction worldwide, Hong Kong is pushing forward with its licensing framework in a bid to position itself as a global leader in the thriving sector. According to Financial Secretary Paul Chan, Hong Kong is speeding up plans to launch its new stablecoin licensing rules by August 1, 2025. His comments, shared in a June 15 blog post, reaffirm the timeline confirmed earlier this month by the Hong Kong Hong Kong Special Administrative Region Government. Chan said the push to fast-track the framework is part of a broader plan to boost Hong Kong’s influence in digital finance, highlighting…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A new trio of tokens is shaking up crypto’s leaderboard, but it’s Little Pepe, the meme-turned-Layer 2 powerhouse, that’s leaping ahead with the loudest splash. A new trio of trailblazing tokens is catching the market’s attention with explosive growth, unstoppable momentum, and unparalleled community hype. Topping this list is none other than Little Pepe (LILPEPE), a memecoin turned Layer 2 giant that’s rewriting the rulebook for blockchain innovation. Alongside it, Bonk and Sei are making powerful strides, each setting…