Singapore PM tells followers to ‘remain vigilant’ on crypto after seeing name used to sell tokens

Lee Hsien Loong, Prime Minister of Singapore, claims someone set up a profile on the social token platform BitClout to sell tokens using the information from his Twitter account.  In a Facebook post Friday, Loong urged Singaporeans to “to remain vigilant when dealing with cryptocurrency platforms.” He said that someone had used BitClout to create one of the platform’s Creator Coins using his name, Twitter account bio, and photo. According to the screenshot Loong posted, there were 27.4088 of his tokens with a market capitalization of more than $9,800, with…

The Weeknd Raises Over $2 Million in First NFT Auction

Key Takeaways The Weeknd has minted his first NFT collection, raising $2.29 million in sales. The collection featured previously unreleased music by The Weeknd. A token featuring a full song sold for $490,000. Despite the criticism surrounding NFTs, the technology could hugely benefit musicians and other creators. Share this article Abel Tesfaye just made $2.29 million from his collaboration with Nifty Gateway.  The Weeknd Gets Tokenized  Abel Tesfaye, the platinum-selling R&B artist better known as The Weeknd, just made $2.29 million from his first NFT collection.  He sold the pieces…

Storage coins rev up gains as Markets Pro rides the green wave

It’s been another great week for altcoins as the total market capitalization of all cryptocurrencies moves within spitting distance of the $2 trillion mark. And it’s been equally positive for the Cointelegraph Markets Pro platform, which tracks crypto market conditions and real-time headline news in the blockchain industry to deliver market intelligence for every investor. Markets Pro offers two unique features: The VORTECS™ Score, an algorithmically-derived weighted score that compares current market conditions to historically-similar marketscapes, and NewsQuakes™ — the industry’s most rapid aggregator of market-moving news, analyzed and collated…

Wen Doggcoin? Snoop Dogg hints at future token offering

Dogecoin (DOGE) proponent and media personality Snoop Dogg has said he hopes to release his own cryptocurrency in the future. In a Vanity Fair interview released on Friday, Snoop said his recent non-fungible token, or NFT, offering through Crypto.com will likely not be his only contribution to the crypto space. Citing parallels between Dogecoin and his own professional name, the rapper said journalist Nick Bilton was “damn right” in predicting a Snoopcoin or Doggcoin one day. “Is d-o-g-g similar to d-o-g-e?” asked Snoop. The entertainment icon already has his own version…

Innovative trends impact evolution of blockchain tech

Over the last year, the decentralized finance space has been making waves in the financial sector, building on blockchain technology to decentralize a multitude of banking services. The adoption of DeFi services has been steadily on the rise, and all kinds of assets are making their way onto the blockchain. With nonfungible tokens popularizing digital art ownership representations, blockchain technology is creeping into the most unexpected places, and DeFi is fuelling its expansion. These unique and sometimes quite valuable tokens are especially relevant today, with art galleries closed due to…

Fei Labs raises 639K ETH in genesis event

Fei Labs concluded a successful genesis launch of its Fei stablecoin on Saturday, raising nearly $1.3 billion in Ethereum (ETH) from over 17,000 contributors, highlighting once again the market’s growing appetite for digital assets and decentralized finance.  A total of 639,000 ETH was committed to the so-called minting of the FEI stablecoin, the company announced Saturday. At the time Genesis concluded, the ETH commitments were worth nearly $1.3 billion.  The funds will be used to bootstrap Fei’s Protocol Controlled Value, or PCV, which is a category of total value locked.…

Exploring Venezuela’s crypto ecosystem since the start of the pandemic

In the year since the COVID-19 pandemic first disrupted almost every aspect of our lives, many things have happened within the crypto ecosystem around the world. So, what has the past year been like for crypto in Venezuela? Even before 2020, Venezuela already had a number of businesses that accepted various cryptocurrencies as payment; however, considerably more have moved to adopt this form of payment over the past year. This includes everything from the hotel sector to famous pizza chain Pizza Hut announcing that it will accept Bitcoin (BTC), Litecoin…

Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?

The price of Bitcoin (BTC) is continuing to range between $56,000 and $60,000, as the so-called “Kimchi premium” is surging to yearly highs. Kimchi premium forms when Bitcoin is trading at a higher price in South Korea over other major markets like the United States. In 2017, the Kimchi premium surpassed 20%, causing Bitcoin to trade at around $24,000 in South Korea while it topped at nearly $20,000 in the U.S. Korea Premium Index. Source: CryptoQuant.com Last week, on March 29, this premium resurfaced, hovering at 6%, which has since climbed…

Millions Drained in ForceDAO Attacks, White Hat Returns Funds

Key Takeaways ForceDAO was drained of millions of dollars this morning after a white hat hacker discovered a bug in the smart contract’s code. The white hat hacker successfully took 14.8 million FORCE tokens. Though they returned the funds, other attackers noticed the exploit and have sold their tokens for ETH. FORCE briefly tanked 95% following the attack. It’s still deep in the red following the incident. Share this article Another multi-million dollar rug pull has hit the DeFi space. This weekend, ForceDAO is the victim.  Disaster for ForceDAO  ForceDAO…