Phantom Wallet has climbed to third position on the utilities category on the Apple app store and several crypto commentators are taking it as a bullish signal for Solana.
Pump.fun, a popular platform, faced a significant security breach today, resulting in the loss of 12,300 SOL tokens, valued at approximately $2 million.
The recent memecoin surge has seen significant whale activity, notably with Whale 0x541 depositing all 197.99 billion Shiba Inu (SHIB) tokens,
The price of Real-world Asset (RWA) token ONDO surged nearly 14% in the past 24 hours.
In a highly orchestrated maneuver, the deployer of the Wall Street Baby ($WSB) token managed to pocket nearly 5,000 SOL, equivalent to $810,000, in just one hour through a strategy of sniping and dumping the newly deployed tokens.
BlockDAG’s Latest Dev Release Spurs $27.7M Presale Success and Mining Boom BlockDAG has unveiled its Dev Release 29, featuring the integration of the RandomX protocol, enhancing mining fairness and security. This development coincides with significant presale achievements, including a 700% increase in coin price to $0.008 and over $27.7 million in revenue. Additionally, the rapid sale of more than 5,700 miners underscores the growing community trust and enthusiasm for BlockDAG‘s innovations. Advances in Eco-Friendly Mining and Technology BlockDAG combines blockchain and Directed Acyclic Graph (DAG) technologies to achieve fast transactions, scalability, and enhanced security. The latest presale has seen a dramatic rise in coin value, coupled with substantial sales reaching $27.7 million. Over 5,700 miners have been sold quickly, reflecting the high demand for BlockDAG’s mining solutions. The focus on environmentally friendly mining continues with the X100 miner, which is energy-efficient and boasts a 2 TH/s hash rate while consuming only 1800W. This model is designed to be quiet and efficient, making it ideal for various settings. It’s capable of producing up to 2,000 BDAG daily, catering to both enthusiastic hobbyists and professional miners. BlockDAG Dev Release 29: Embracing the RandomX Protocol The introduction of the RandomX protocol in Dev Release 29 is a significant update for BlockDAG, emphasizing fairness in mining by resisting the dominance of ASIC hardware. RandomX operates on a CPU-focused Proof-of-Work algorithm that dynamically generates instructions, ensuring that mining remains accessible to a broader range of participants. The security is enhanced with sophisticated cryptographic tools like AES, Blake2, and Argon2. This release optimizes performance specifically for BlockDAG’s structure, where transactions are vertices in a graph rather than a linear chain. The developers have provided detailed pseudocode to facilitate RandomX integration, addressing aspects from transaction selection to block verification. The update has undergone extensive security audits to ensure its robustness and includes community-driven enhancements to improve the user experience and scalability. BlockDAG’s Continuous Innovation and Market Impact BlockDAG’s series of Dev Releases, particularly the transformative Dev Release 29, illustrate these updates’ significant role in advancing blockchain technology. Integrating innovative protocols such as RandomX offers a deeper understanding of and engagement with new technologies. The success of the recent presale, marked by a surge to a $0.008 coin price and $27.7 million in collected revenues, along with over 5,700 miners sold, highlights the sustained growth and confidence in BlockDAG’s solutions. This ongoing success positions BlockDAG as a leader in the evolving blockchain landscape, paving the way for a more inclusive and secure blockchain ecosystem. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post BlockDAG Dev Release 29: RandomX Introduction & 5,700+ Miners Sold appeared first on The Merkle News.
Despite ongoing speculation about Bitcoin's next potential "deep correction," some cryptocurrency analysts disagree on its likelihood.
Crypto exchange, Binance has played a massive part in solving a major crypto-assisted money laundering case in Taiwan involving nearly NT$200million (approximately US$6million). The crypto exchange’s Financial Crimes Compliance (FCC) department collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office in the case. Binance was able to share its blockchain expertise and intelligence to help law enforcement bring the suspects to justice. As reported by various media outlets, the criminal operation had long been assisting scam groups in laundering money using virtual assets. By creating fake customer conversation records, remittance proofs, and forged identity verification data, the criminals posed as individual cryptocurrency merchants to make their movement of funds seem legitimate. However, their activities did not go unnoticed and law enforcement eventually caught up with them. The police traced and tracked multiple cryptocurrency transactions that appeared suspicious and requested related data from various stakeholders including Binance. Upon receiving the request, Binance set up a cross-border online meeting with the investigating officers and prosecutors to discuss the collaborative strategy. Binance’s FCC teams provided insights and recommendations based on crypto flow analyses. Consequently, law enforcement was able to narrow down the circle of potential suspects more effectively. Bringing the criminals to justice Prosecutor Lo Wei-Yuan of the Taipei District Prosecutors Office Prosecutor Lo Wei-Yuan of the Taipei District Prosecutors Office, who is in charge of the case, subsequently indicted nine suspects on charges of: aggravated fraud violation of the Money Laundering Control Act organised crime prevention regulations Lo Wei-Yuan shared: “We would like to thank Binance for its long-term active cooperation with Taiwan law enforcement agencies and for providing professional assistance and crucial intelligence in this case. It allowed our investigation team to further unravel the threads and piece together the full picture of the crime, ultimately bringing the suspects to justice.” Damien Ho, a representative of Binance’s APAC team, said: “Binance is proud to have cooperated closely with Taiwan’s excellent law enforcement agencies to make significant progress in the investigation. Our cooperation with Taiwan law enforcement reaffirms Binance’s strong commitment to combating financial crime as well as safeguarding the Web3 ecosystem. We will continue to uphold this goal and deepen our cooperation with global law enforcement agencies.” Combatting crime This case highlights the importance of public-private collaboration in combating new types of financial crime. Close cooperation between law enforcement agencies and exchanges can help curb illegal activities and ensure that the financial system is not abused by malicious actors. In Taiwan, Binance has assisted with thousands of law enforcement requests and conducted training courses with more than 10 law enforcement units, involving over a thousand officers and received overwhelmingly positive feedback. Furthermore, Binance was involved in several major law enforcement collaborations recently, including assisting Dutch law enforcement in recovering millions of euros in stolen funds from a fake gambling website and helping Indian law enforcement dismantle an investment fraud scheme disguised as a gaming platform. The post Binance Plays Vital Role In Cracking Crypto-Assisted Money Laundering Case in Taiwan appeared first on The Fintech Times.