Analysis Crypto by Thebittimes.Com

A new “culture coin” is rolling out on Binance. The top global crypto exchange airdropped Animecoin (ANIME) to qualified users this week and then listed the asset for trading. Animecoin is the sixth project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Animecoin bills itself as a way for fans to own a piece of the anime industry. “ANIME is a true Culture Coin – a movement that transforms the anime fandom of 1 billion fans into a community-owned network of creativity. Where passion becomes power, cultural energy becomes real value, and the boundaries between consumer and creator dissolve. Backed by Azuki, we’re building a creative economy for the global anime community of one billion fans. A space where fans truly own what they create, where creativity and innovation flow freely.” ANIME is trading at $0.0817 at time of writing. The 202nd-r...

Coinbase is officially listing a new memecoin that uses the name and likeness of the top US crypto exchange’s CEO’s pet dog. According to a new announcement, Coinbase is officially supporting Toshi (TOSHI) starting today. “Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and Coinbase Exchange in the regions where trading is supported.” Coinbase is adding support for TOSHI on Base, an Ethereum (ETH) layer-2 network incubated by the exchange. The announcement was made yesterday around 4 p.m. EST. Immediately following the announcement, TOSHI leaped from $0.00036803 to $0.00048477, an over 27% gain. However, the dog-themed memecoin has since crashed to lower levels than before the announcement, trading for $0.0003579 at time of writing, down 5.6% overall in the last 24 hours. TOSHI is just one of a multitu...

Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users Over Ukraine War About a week after the European Union introduced another set of measures aimed at hurting Russia’s economy and finances, including its access to the crypto market, a number of service providers in the industry have taken steps to comply with the new requirements. In April, the bloc banned only high-value services, those for digital assets exceeding €10,000 in value ($11,000 at the time). Last Thursday, Brussels prohibited the provision of all crypto-related services to Russian residents and entities, regardless of the amount. Localbitcoins, the peer-to-peer exchang...

During the initial few days of the week, top crypto assets found it challenging to glide up on their price charts. That has not been the case for Huobi’s native token. The past five days have been nothing less than a fairy tale for HT . In the said period, the #42nd ranked token has been able to appreciate in value by 101%. Source: TradingView Also Read: Tron registers Rising Activity: Justin Sun denies ‘Huobi-buyer’ link At the beginning of the week, Justin Sun announced that he had officially become one of Huobi’s global advisors, alongside Valkyrie Investment CEO Leah Wald and About Capital founder Ted Chen. During the course of the week, he emphasized that the advisory committee intended to revitalize Huobi. To do so, he said, they’d “empower” HT. In a recent tweet, he said,  We know that the key to revitalizing Huobi is to empower HT, and HT can only thrive on Huobi! In the future, there will be many big moves around H...

Join Our Telegram channel to stay up to date on breaking news coverage The US authorities recently confiscated $22 million in Bitcoin or around 719 BTC, that was obtained through a series of ransomware attacks. The funds were confiscated by the Department of Justice (DOJ), and one of the participants of the attacks is the 35-year-old Sebastien Vachon-Desjardins — a Canadian who joined the infamous NetWalker attacks. The US cracks down on cyber criminals American authorities published a statement, noting that Vachon-Desjardins has been sentenced to 20 years in prison for his involvement with the attacks involving sophisticated ransomware called NetWalker. The ransomware&rsquo ;s focus was apparently on the healthcare sector, which stood out during the coronavirus pandemic. It targeted people and institutions all around the world, such as emergency services, universities, colleges, various companies, and alike. According to Kenneth A. Polite, Jr., the Assistant Attorney G...