Author: Crypto News

Digital currencies issued by local governments in Japan are increasingly being exploited by phishing scams, with fraudsters taking advantage of reward programs. A series of fraud cases has exposed vulnerabilities in digital currencies issued by Japanese municipalities, prompting calls for stronger security measures, the Japan Times has learned. Police in Osaka recently arrested seven Vietnamese nationals accused of using stolen credit card information to fraudulently obtain “machikane points,” a regional digital currency used in Toyonaka City. The suspects allegedly exploited the currency’s premium reward system, which offers up to ¥2,500 (around $345) for purchases of ¥50,000 (~$6,900), by using the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XYZ Coin merges sports enthusiasm with meme culture, aiming for a 19,900% presale surge and capturing investor attention in the booming crypto market. As Bitcoin reaches new peaks, the crypto market is ripe with opportunities for significant gains. A new memecoin is making waves, promising to transform modest investments into substantial fortunes. This emerging token aims to replicate the explosive growth seen in previous altcoin successes, capturing the attention of investors seeking the next big breakout.  XYZ Coin merges…

A QUANT holder who got “rugged” after the token’s 13-year-old developer sold his holdings retaliated by allegedly kidnapping the boy’s dog and launching a meme coin called Bari QUANT named after it. Reports of the kidnapping initially started circulating on X after several users claimed that an unidentified individual admitted to stealing the dog, demanding a “refund,” and mentioning the BARI token.  Further, a screenshot suggested the boy’s mother confirmed in an Instagram post that the dog had been stolen. Soon after, the individual launched an X account for the Pump.fun launched BARI token, with the dog’s photo as its…

The Sui Network is suspected to be down for more than two hours. The protocol has not produced any new transaction blocks since Nov. 21 UTC 9:15. Data from the Sui Vision explorer shows that the protocol has not produced any new transactions since 9:15 am UTC | Source: Sui Vision Based on the latest data from Sui Network’s explorer site Sui Vision, the decentralized layer-1 blockchain has stopped producing blocks for more than two hours. At the time of writing, the last transaction block took place on Nov. 21 at 9:15 am UTC. Since then, no new blocks have…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi promised a financial revolution—a world where users could build custom strategies by seamlessly stacking protocols like “money legos.” However, the reality has been disappointing: only 10% of crypto holders are active monthly users, meaning that less than 1% of the global population regularly interacts with DeFi. Meanwhile, the amount of layer-2 chains on major networks like Ethereum has only increased. The result? Complexity and fragmentation make it difficult—if not impossible—for most people to engage. The answer…

CryptoQuant CEO Ki Young Ju says Bitcoin’s current rally appears to be supported by months of accumulation by whales. Bitcoin’s (BTC) ongoing rally toward the $100,000 mark mirrors the price surge seen in 2020, when the cryptocurrency’s value surged sixfold to reach $67,000, CryptoQuant CEO Ki Young Ju said in a recent X thread. https://twitter.com/ki_young_ju/status/1859457863447703811 Ju emphasized that previous on-chain data signaling Bitcoin accumulation by whales over several months has proven accurate, despite initial doubts about the data’s credibility. “Many criticized the data as exaggerated,” Ju admitted, “but now the reason for the accumulation seems to be becoming pretty clear.”…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Best Wallet raises $500k in its presale as Bitcoin hits $94k, positioning itself as the must-have crypto wallet for the bull run. Next-generation crypto wallet Best Wallet (BEST) is gaining pace as its token presale raises over $500k. Its total raised milestone comes as Bitcoin creates a new all-time high (ATH), hitting $94k for the first time ever. As Bitcoin grinds toward $100k, users are swarming back into the crypto industry, so the demand for a user-friendly wallet has…

Tron founder Justin Sun bought the famed banana duct-taped to the wall sculpture for $6.2 million at Sotheby’s after six minutes of bidding. He says he will ‘personally eat the banana.’ On Nov. 21, Justin Sun posted about his recent Sotheby’s purchase, Maurizio Cattelan’s work of art “Comedian” which is simply a lone banana taped to a wall using a strip of duct-tape. “This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community,” Sun wrote on his X post. The TRON(TRX) creator also revealed that he plans to…

BCH jumped over 20% on Nov. 20, leading the top 100 cryptos, as analysts point to bullish chart patterns hinting at more gains. Bitcoin Cash’s (BCH) rally has extended its fortnightly gains to over 41%, with the altcoin trading at a 7-month high of $529 at the time of writing. The crypto asset’s price rally was accompanied by a surge in daily trading volume, which had doubled from the previous day and was hovering around $1.48 billion. Despite the recent price rise, the token remains down 86% from its all-time high of $3,785.8, reached on Dec. 20, 2017. Bitcoin Cash,…

The European Central Bank is urging faster action on the digital euro as legislative delays risk hindering progress amid growing global competition. The digital euro project is facing delays in the European Union, with the European Central Bank urging faster action to prevent Europe from falling behind global competitors. Evelien Witlox, the ECB’s project manager for the digital euro, told Euronews in an interview that Europe should speed up with the development to avoid falling behind, as global competitors like the U.K. and China are also exploring central bank digital currencies. Thus far, there is no pan-European digital payment solution…