Author: cointechies
Cardano founder Charles Hoskinson humorously points out that Intel is dead after CNBC Mad Money host Jim Cramer’s supposed optimism. After several famous bad decisions, including over Bear Stearns over a decade ago Silicon Valley Bank and Signature Bank last year, Jim Cramer, host of CNBC’s “Mad Money,” became a meme on X because critics believe he is constantly wrong. One problem with this infamy, however, is that his words are often taken out of context for the sake of sensationalism, which quickly angers critics. Cardano founder Charles Hoskinson seems to be the latest critic of this kind. Cardano’s Hoskinson…
Three major crypto advocacy groups have filed a lawsuit against the US Internal Revenue Service (IRS), claiming that the agency exceeded its authority by classifying decentralized finance (DeFi) platforms as brokers under newly issued regulations. On December 27, the IRS and Treasury expanded the definition of a “broker” to include decentralized exchanges and other DeFi front-end services. This move forces these platforms to report all digital asset transactions, including details of the taxpayers involved, to increase transparency in the crypto market. The mandate comes into force in 2027. Critics in the crypto community argue that by extending broker duties to…
DataDance is raising millions to disrupt the world of decentralized data with the support of Hash Global. DataDance, a Layer 2 blockchain network focused on revolutionizing consumer data asset services, has secured a multimillion-dollar seed funding round led by blockchain giant Hash Global. This financing represents a significant advancement for DataDance, positioning the company as a key player in the rapidly evolving decentralized data asset ecosystem and highlighting the growing demand for innovative solutions in blockchain-based data management. DataDance is dedicated to developing blockchain-based tools for managing, analyzing, trading and collecting data. By integrating Web2 resources with advanced AI capabilities,…
The fake fart coin has made headlines in the crypto community as it has risen an incredible 116% in just 24 hours and is currently at $0.01934, with a market cap of $1.34 billion . While the original Fartcoin fell by almost 20% with the current price of $0.8294, the current market cap is $829 million and the 24-hour trading volume is currently $84.57 million, which corresponds to a decrease of 12%. Fartcoin is a rather quirky, humorous meme cryptocurrency inspired by the idea of tokenizing farts. This coin was launched almost two months ago on October 24th and later…
Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Lightchain AI is transforming the blockchain with its AI-driven solutions, deflationary tokenomics and real-world utility, positioning itself as a must-have platform for 2025. As the blockchain and cryptocurrency landscape continues to evolve, investors are looking for projects that combine real-world utility with high growth potential. Lightchain AI (LCAI) is emerging as a standout platform for 2025 thanks to its blend of artificial intelligence (AI) and blockchain technology. With its revolutionary Proof of Intelligence (PoI) mechanism, scalable Artificial Intelligence Virtual…
Police in India have arrested a cybercriminal from the state of Uttar Pradesh for running a cryptocurrency cybercrime syndicate in Cambodia that targeted victims in Southeast Asia. The accused, who hails from UP, had already traveled to Cambodia in 2022, joined a group of cybercriminals and was personally involved in over 500 cybercrime cases registered in India. According to police, the accused has been identified as Devendra Pratap Mourya, who allegedly led a gang of over 40 cybercriminals from Cambodia who duped victims across the world using various schemes. The proceeds of the crime were then converted by Mourya into…
XRP has remained below a crucial resistance level for over a month, leaving investors disappointed as the altcoin struggles to gain bullish momentum. This ongoing consolidation has weakened traders’ confidence and led to lower participation and withdrawals from the market. In the last 24 hours, open interest in XRP futures has plunged by $1 billion, having previously reached $2.9 billion on hopes of a recovery. The sudden decline reflects bearish sentiment and growing uncertainty over whether XRP can break its resistance at $2.73. Adding to investor concerns, XRP’s macro dynamics are showing signs of weakness. The price-DAA divergence suggests a…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, is excited about the upcoming release of Shiba Inu’s new racing game Lap Dogs. In an X post today, Kusama reacted to the upcoming release of Lap Dogs, noting that the game represents another victory for the Web3 gaming space. This comes as the Shiba Inu ecosystem team plans to expand the Web3 gaming industry with the upcoming launch of Lap Dogs. GIGANTIC. Another victory for Web 3 gaming. #Shibarmy — Shytoshi Kusama™ (@ShytoshiKusama) December 29, 2024 In a follow-up comment, the Shiba Inu leader expressed his pride in the…
Galaxy Digital’s research arm announces its predictions for the two largest crypto assets in 2025. In a new thread on the social media platform “Bitcoin will exceed $150,000 in the first half of the year and test or exceed $185,000 in the fourth quarter of 2025. A combination of institutional, corporate and government adoption will take Bitcoin to new heights in 2025. Over its existence, Bitcoin has increased in value faster than all other asset classes, particularly the S&P 500 and gold, and this trend will continue in 2025. Bitcoin will also reach 20% of gold’s market cap.” Source: Galaxy…
2024 was a remarkable year for the crypto industry, with Bitcoin crossing the $100,000 mark, the market surging, and a surge in crypto adoption worldwide spurned by Donald Trump’s victory. The year was not without drama either, as 2024 saw major hacking incidents at some of the largest crypto exchanges/companies that had far-reaching implications. According to a report by Chainalysis, hackers lost over $2.2 billion in 303 hacking incidents in 2024, representing a 21.07% increase in such incidents year-over-year. Additionally, individual hacking incidents increased from 282 in 2023 to 303 in 2024. 2024 marks the fifth consecutive year in which…