Blockchain Archives - Page 15 of 53

Crypto Scam in Nigeria, EFCC Declares Foreigner Wanted for Over $800M

The Economic and Financial Crimes Commission (EFCC) has launched a manhunt for Elie Bitar, a 41-year-old foreign national, who is accused of orchestrating one of Nigeria’s largest crypto scams through a platform called Crypto Bridge Exchange (CBEX).

$812M Crypto Scam Through CBEX Promised Fake Returns

According to the EFCC, Bitar allegedly defrauded Nigerians of ₦1.3 trillion (approximately $812 million) by operating CBEX, an unlicensed trading platform that offered unrealistic investment returns. The platform promised to double users’ funds within 30 days, attracting over 600,000 unsuspecting investors.

Though CBEX was registered with Nigeria’s Corporate Affairs Commission and listed with the EFCC’s Special Control Unit Against Money Laundering, it was not licensed by the Securities and Exchange Commission (SEC), making its operations illegal.

The EFCC issued a public notice stating that Bitar’s last known address was Eng. George Enemoh Crescent, Lekki Phase 1, Lagos, and urged anyone with information to contact their offices nationwide. The commission’s spokesperson, Dele Oyewale, reaffirmed their commitment to protecting Nigerians from such scams.

CBEX had previously been flagged by Hong Kong regulators in 2024 for using fake licensing credentials, but Nigerian authorities reportedly took no action at the time.

The platform followed a similar scheme to past scams such as MMM and MBA Forex, using trendy keywords like “crypto” and “AI” to lure in victims. Experts estimate that Nigeria has lost over ₦2 trillion to similar fraudulent ventures over the past decade.

Will Crypto Scam ever come to a halt ?

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Top 5 Best Altcoins of All Time: Ethereum, BNB, XRP, Cardano, and Solana

As the cryptocurrency market continues to evolve, several altcoins have established themselves as significant players alongside Bitcoin. Among these, Ethereum (ETH), Binance Coin (BNB), XRP, Cardano (ADA), and Solana (SOL) have consistently demonstrated substantial market capitalization and adoption.

Top 5 Altcoins of All Time

Ethereum (ETH): Launched in 2015, Ethereum introduced the concept of smart contracts, enabling decentralized applications (dApps) to run on its blockchain. With a current price of $1,863.49, Ethereum maintains a strong position in the market.

Altcoin : Ethereum price as of March 1st 2025

Binance Coin (BNB): Initially created to facilitate trading fee discounts on the Binance exchange, BNB has expanded its utility within the Binance ecosystem. Currently priced at $603.02, BNB continues to be a significant altcoin.

XRP: Developed by Ripple Labs, XRP aims to facilitate fast and low-cost international money transfers. With a current price of $2.24, XRP remains a prominent digital asset in cross-border payments.

Cardano (ADA): Founded by Ethereum co-founder Charles Hoskinson, Cardano emphasizes a research-driven approach to blockchain development. Its proof-of-stake consensus mechanism offers an energy-efficient alternative to traditional mining. ADA is currently priced at $0.708.

Solana (SOL): Known for its high-speed transactions and low fees, Solana has become a preferred platform for decentralized applications and NFTs. With a current price of $152.23, Solana continues to attract developers and investors.

These altcoins have not only achieved significant market capitalization but have also contributed to the diversification and innovation within the cryptocurrency ecosystem. Their continued development and adoption suggest a promising future in the digital asset landscape.

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Eric Trump to Speak at Bitcoin Conference 2025 in Las Vegas

Eric Trump, son of former U.S. President Donald Trump, is set to appear as a featured speaker at Bitcoin Conference 2025, the world’s largest Bitcoin-focused event taking place in Las Vegas. This marks another notable chapter in the Trump family’s growing relationship with the crypto industry.

Eric Trump Family Embracing Bitcoin?

This isn’t Eric Trump’s first foray into the crypto spotlight. He previously addressed the Bitcoin MENA Conference in December 2024 and has since become a vocal supporter of Bitcoin. His appearances alongside notable figures like Tron’s Justin Sun and World Liberty Financial’s Zach Witkoff at TOKEN2049 Dubai cemented his presence in the blockchain sphere.

During these conferences, Eric Trump has sharply criticized the traditional financial system, calling it “absolutely broken.” He accused major banks of being hostile toward both his family and crypto users, further drawing battle lines between the establishment and Bitcoin advocates.

Trump’s influence is not just political. A tweet from him—“Feels like a great time to enter #BTC!”—led to a sudden surge in Bitcoin’s price, pushing it briefly above $98,000. His ties to American Bitcoin Corp., a major U.S.-based mining operation, suggest his involvement isn’t just rhetorical.

Set in Las Vegas, the conference will draw leaders from finance, technology, and politics, making it one of the most watched events in the digital currency calendar. Trump’s attendance underscores how crypto has become a major issue in American political and economic discourse.

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Breaking ! What Happened in the Crypto World Today? | April 30, 2025

Bitcoin and Ethereum experience slight declines, while XRP, BNB, and Cardano show resilience amid market fluctuations in Crypto Space.As April 2025 draws to a close, the cryptocurrency market exhibits a mix of minor declines and signs of resilience among top assets. Here’s a snapshot of today’s performance for the leading cryptocurrencies:

Top 5 Cryptocurrencies by Market Capitalization

Bitcoin (BTC)
- Price: $94,055
- 24h Change: -1.16%
- Market Cap: $1.94 trillion
- Overview: Bitcoin remains the dominant cryptocurrency, often referred to as “digital gold.” Despite a slight dip today, it continues to be a cornerstone for investors.
Ethereum (ETH)
- Price: $1,771.61
- 24h Change: -2.71%
- Market Cap: $327.4 billion
- Overview: Ethereum, known for its smart contract capabilities, has seen a modest decline but maintains its position as a leading platform for decentralized applications.
BNB (BNB)
- Price: $597.22
- 24h Change: -0.76%
- Market Cap: $81.9 billion
- Overview: BNB, the native token of the Binance exchange, shows resilience with a minimal decrease, reflecting ongoing utility within the Binance ecosystem.

XRP (XRP)
- Price: $2.17
- 24h Change: -5.65%
- Market Cap: $44 billion
- Overview: XRP, utilized for cross-border payments, has experienced a notable drop today but continues to be significant in the remittance sector.
Cardano (ADA)
- Price: $0.678
- 24h Change: -4.75%
- Market Cap: $21.5 billion
- Overview: Cardano, known for its research-driven approach, faces a slight downturn but remains a key player in blockchain innovation.

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What Happened in the Memecoin World Today? | April 30, 2025

The memecoin market is buzzing as April 2025 concludes, with several tokens experiencing significant price movements. While established coins like Dogecoin and Shiba Inu maintain stability, newer entrants such as Trump, Bonk, and Pengu are making headlines.

Top Memecoin Performers

Trump Coin: Surged nearly 60% following an announcement that top holders would be invited to a private gala with the U.S. president, pushing its market cap to $2.7 billion.
Bonk (BONK): Experienced a 50% increase over the past week, reaching a market cap of $1.6 billion
Pengu: Soared by 130% in the same period, highlighting the speculative nature of memecoin investments.

Floki (FLOKI): Gained 45%, benefiting from its utility-driven ecosystem, including a play-to-earn game and NFT marketplace.

Established Memecoins Hold Steady

Dogecoin (DOGE): Currently trading at $0.1701, down 0.04896% from the previous close.
Shiba Inu (SHIB): Trading at $0.00001314, a slight decrease of 0.03877%. BeInCrypto

Expert Cautions

Despite the recent rallies, experts warn about the speculative risks associated with memecoins. Blockchain expert Kirill Kretov likens trading them to buying lottery tickets, emphasizing that most participants are unlikely to profit long-term without insider knowledge.

Joel Kruger of LMAX Group and Paul Howard of Wincent stress that such coins hold little tangible value and add volatility, especially during times of broader market uncertainty.

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What Happened in the Crypto World Today? (April 29, 2025)

The cryptocurrency market remains dynamic as April 29, 2025, unfolds. Here’s a snapshot of the top five cryptocurrencies by market capitalization and their recent movements:

Information and Changes on Crypto As of April 29, 2025

1. Bitcoin (BTC)

Current Price: $94,929
24h Change: +1.36%
Market Cap: $2.02 trillion

Bitcoin continues its upward trajectory, approaching the $95,000 mark. Analysts attribute this momentum to increased institutional adoption and the anticipation of the upcoming halving event. Standard Chartered forecasts BTC reaching $120,000 in Q2 and potentially $200,000 by year-end.

2. Ethereum (ETH)

Current Price: $1,816.93
24h Change: +3.25%
Market Cap: $392.5 billion

Ethereum shows resilience, trading above $1,800. The network’s transition to Proof of Stake and the growth of Layer 2 solutions like Arbitrum and Optimism contribute to its stability.

3. Binance Coin (BNB)

Current Price: $601.73
24h Change: +0.30%
Market Cap: $95.98 billion

BNB maintains a steady position, reflecting confidence in the Binance ecosystem. Its utility in trading fee discounts and participation in token sales keeps it relevant.

4. XRP (XRP)

Current Price: $2.30
24h Change: +1.32%
Market Cap: $177.2 billion

XRP experiences a modest gain, buoyed by developments in cross-border payment solutions and ongoing institutional partnerships.

5. Cardano (ADA)

Current Price: $0.7086
24h Change: +3.04%
Market Cap: $60 billion

Cardano shows signs of a potential breakout, trading near its 200-day EMA. The recent integration of Bitcoin into its Lace Wallet and advancements in AI collaborations enhance its appeal.

This is what happened and changed in crypto space as of April 29, 20205

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Cardano’s Lace Wallet Now Supports Bitcoin, Strengthening Cross-Chain Ambitions

Cardano is expanding its cross-chain capabilities. On Monday, Cardano co-founder Charles Hoskinson announced via X (formerly Twitter) that the Lace Wallet now supports Bitcoin, marking a significant step in interoperability.

Bitcoin Now Supported in Cardano’s Lace Wallet Alongside ADA

Lace, developed by Input Output Global (IOG), was originally designed for managing Cardano-native tokens like ADA. With the latest update, users can now also store and interact with Bitcoin directly within the wallet. The update introduces new features including Firefox compatibility and behind-the-scenes performance enhancements.

“With this release, Lace becomes even more accessible and versatile,” the team said in a blog post, noting that Bitcoin integration is still in beta but represents a major usability improvement.

While the announcement didn’t cause a dramatic market reaction, it aligns with Cardano’s broader vision of building cross-chain functionality and offering users a more unified crypto experience.

ADA Price Update: Recovery Continues, But Resistance Ahead

At press time, ADA is trading around $0.71, near its 200-day Exponential Moving Average. The token is moving in a narrow range between $0.7090 and $0.7105, signaling caution among traders.

Yesterday, ADA briefly dropped to $0.66 but has since rebounded. A close above $0.74 could open the door to a move toward the $0.80 level. Meanwhile, the Relative Strength Index (RSI) stands at 53, suggesting a balanced momentum between bulls and bears.

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Abu Dhabi Firms to Launch Dirham-Backed Stablecoin for UAE Digital Economy

Three of Abu Dhabi’s most powerful institutions—ADQ, First Abu Dhabi Bank (FAB), and International Holding Co.—are joining forces to launch a stablecoin backed by the UAE dirham. The move signals a major step in the region’s push toward modernizing digital payments under central bank oversight.

FAB to Lead Dirham Backed Stablecoin Development With Central Bank Support

According to a joint announcement, FAB will create the new digital currency, which will be pegged 1:1 to the UAE dirham and regulated by the UAE Central Bank. The goal is to enable faster, more secure, and more trusted blockchain-based transactions for both businesses and everyday users.

Hana Al Rostamani, CEO of First Abu Dhabi Bank, noted that the stablecoin has the potential to “transform how UAE consumers and businesses use and secure blockchain payments,” offering reliable, real-time settlement across different industries.

The partners have emphasized the need for full regulatory approval before the launch, ensuring compliance with legal frameworks and financial safety standards. Once approved, the stablecoin is expected to be integrated across various everyday use cases and emerging technologies, including machine-to-machine payments and artificial intelligence.

This isn’t the UAE’s first step into the stablecoin space. In December 2024, the central bank approved AE Coin, and more recently, on August 21, 2024, Tether announced plans to issue a UAE dirham-based stablecoin, expanding its presence in the Middle East.

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Crypto Market Update: Bitcoin Holds Above $93K, XRP and Monero Lead Gains

As of April 28, 2025, the cryptocurrency market exhibits a mix of stability and notable movements. Bitcoin (BTC) remains steady, trading at approximately $93,774, showing minimal change over the past 24 hours. Ethereum (ETH), however, faces challenges, with its price at $1,758.48, reflecting a 1.93% decrease.

Altcoins Show Varied Performance in Crypto Space

XRP has experienced a notable uptick, trading at $2.27, marking a 2.25% increase. Monero (XMR) stands out with a significant surge, rising over 40% in the past 24 hours, driven by increased trading volumes and investor interest.

BNB maintains a slight positive movement, currently at $600.07, up by 0.17%. Cardano (ADA) sees a minor decline, trading at $0.689988, down by 0.74%.

The overall market sentiment remains cautious, with investors closely monitoring macroeconomic factors and regulatory developments that could influence future movements.

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New ! CZ Suggests Satoshi Nakamoto Could Be a Future web3 AI

Changpeng “CZ” Zhao, co-founder of Binance, stirred the crypto world with an outlandish yet fascinating theory: Satoshi Nakamoto could be an AI from the future. In a recent interview with Turkish blockchain advocate Erhan Ünal, CZ said while he personally doesn’t know who Satoshi is, he’s heard wild theories—including the idea of a time-traveling AI inventing Bitcoin.

Who is Satoshi Nakamoto ?

“I think it’s good that we don’t know who he is,” CZ said, explaining that even those early Bitcoin contributors who communicated via email with Satoshi never uncovered anything definitive. No IP addresses, no leaks—just a legacy shrouded in secrecy.

CZ also acknowledged the possibility that Satoshi Nakamoto could be a group rather than an individual, emphasizing that whoever it was, they “covered their tracks really well.” Theories about Satoshi’s identity spiked again recently following HBO’s 2024 documentary Money Electric: The Bitcoin Mystery, which controversially named Canadian cryptographer Peter Todd as Satoshi—a claim Todd strongly denied.

On Bitcoin’s future, CZ remained optimistic, saying Bitcoin will be “way bigger than gold,” urging people not to judge new technologies using old benchmarks.

At the moment, Bitcoin’s market cap stands at $1.88 trillion, having recently fallen back to seventh place after briefly surpassing silver, Amazon, and Google earlier this month.

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