ETH Co-founder’s Banter Sparks Memecoin Community Concerns
An amicable Chinese verbal altercation sparked off a banter between an Ethereum co-founder and X, which alarmed the memecoin community. The nerdy co-founder of Ethereum, Vitalik Buterin, was observed trolling the memecoin ecosystem on X. However, his post responded to an earlier statement by an X user designated as fi. Buterin stated earlier today in […]
Floki Restricts Staking for Hong Kong Users Following SFC’s Warning
The Hong Kong Securities and Futures Commission (SFC) has cautioned users against staking in the dog-themed meme coin project, Floki, describing it as “suspicious investment products.” The SFC warned users within its jurisdiction on January 26 regarding the Floki and TokenFi staking programs, highlighting their guaranteed annualized returns ranging from 30% to over 100%. As […]
OKB Surges 9% as Bitcoin Mining Operations Halts
The withdrawal of OKX from Bitcoin mining contributes to OKB’s 9% increase in value and capitalization amidst market volatility. OKX has declared that its Bitcoin mining pool services will be discontinued. This modification, which will become operational as of February 26, 2024, signifies a shift in the exchange’s primary emphasis. The announcement that OKX ascribed […]
Floki Inu Faces Regulatory Heat in Hong Kong Over Staking
The SFC of Hong Kong scrutinizes Floki Inu staking schemes due to their high returns and absence of transparency. Two new investment schemes, dubbed “Floki Inu Staking Program” and “TokenFi Staking Program,” have been castigated by the Securities and Futures Commission (SFC) of Hong Kong. Because of their annual return guarantees ranging from 30 to […]
CryptoCom Confirms Delisting Terra Luna Classic (LUNC)
Crypto.com exchange has confirmed the emails received by investors about LUNC’s delisting from the platform. The news caused the price of LUNC to drop by approximately 10%. Several Terra Luna Classic community members expressed apprehension regarding emails circulated on February 15th, claiming that Crypto.com had delisted LUNC. The community speculated that the emails might have […]