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Token airdrops targeted by farm accounts and ‘Sybil attacks’ | Amid surging prices, many crypto projects have seen a rise in fake farm accounts, or “Sybil attacks,” named so after a book about a woman with many personalities. These fake accounts create artificial network activity to claim as many tokens as possible during airdrop events, which have become highly lucrative over the... | Amid surging prices, many crypto projects have seen a rise in fake farm accounts, or “Sybil attacks,” named so after a book about a woman with many personalities.
Source: DegenThe memecoin project is far from the first protocol to suffer from Sybil attacks.
The Bitget Wallet airdrop has been ongoing for the past month ... |
Crypto traders bet $2.4M on spot Ether ETF decision | Crypto gamblers are placing bets on whether spot Ether exchange-traded funds (ETFs) will be approved by the United States Securities and Exchange Commission (SEC) before May 31.
Polygon-based crypto gambling site Polymarket shows that traders have placed “Yes” or “No” bets on whether a spot Ether (ETH) ETF application... | Polygon-based crypto gambling site Polymarket shows that traders have placed “Yes” or “No” bets on whether a spot Ether (ETH) ETF application will be approved before May ends.
Over $2.4 million worth of bets have been placed, with about 81% pessimistic about the chances of a spot Ether ETF approval before the deadline.... |
Sam Bankman-Fried asks to stay in Brooklyn prison for appeal | Former FTX CEO Sam “SBF” Bankman-Fried, recently sentenced to 25 years in federal prison, has requested a judge allow him to temporarily remain incarcerated in the New York City area instead of California.
In an April 8 filing in United States District Court for the Southern District of New York, Bankman-Fried’s lawye... | Former FTX CEO Sam “SBF” Bankman-Fried, recently sentenced to 25 years in federal prison, has requested a judge allow him to temporarily remain incarcerated in the New York City area instead of California.
According to the legal team, SBF wanted to stay at the Brooklyn prison to “facilitate access to his appellate coun... |
Crypto hacking losses decline in Q1 2024 — Immunefi | The cryptocurrency industry saw a 23% decline in losses due to hacking and scams in the first quarter of 2024 compared to 2023, according to a March 28 research report by blockchain security firm Immunefi.
According to the report, the total amount lost to hacking and fraud incidents in Q1 of 2024 amounted to approxima... | The cryptocurrency industry saw a 23% decline in losses due to hacking and scams in the first quarter of 2024 compared to 2023, according to a March 28 research report by blockchain security firm Immunefi.
According to the report, the total amount lost to hacking and fraud incidents in Q1 of 2024 amounted to approximat... |
Binance Labs shifts investment focus to Bitcoin DeFi | Binance Labs, the venture capital (VC) arm of the world’s largest cryptocurrency exchange, has announced an investment in Bitcoin-native restaking protocol BounceBit.
BounceBit merges centralized finance (CeFi) and decentralized finance (DeFi) features in an effort to create more utility for Bitcoin (BTC), wrote Yi He... | Binance Labs, the venture capital (VC) arm of the world’s largest cryptocurrency exchange, has announced an investment in Bitcoin-native restaking protocol BounceBit.
BounceBit merges centralized finance (CeFi) and decentralized finance (DeFi) features in an effort to create more utility for Bitcoin (BTC), wrote Yi He,... |
ParaSwap DAO votes to compensate hack victims | The community behind the decentralized finance (DeFi) aggregator ParaSwap has agreed to compensate hack victims using funds from its treasury.
On April 4, the ParaSwap decentralized autonomous organization (DAO) pitched the idea of refunding the victims of the AugustusV6 contract vulnerability. After a three-day votin... | The community behind the decentralized finance (DeFi) aggregator ParaSwap has agreed to compensate hack victims using funds from its treasury.
On April 4, the ParaSwap decentralized autonomous organization (DAO) pitched the idea of refunding the victims of the AugustusV6 contract vulnerability.
After a three-day voting... |
Phishing scam thefts on Base are up 1,900% from January — Scam Sniffer | Ethereum layer 2 Base has seen an 18-fold increase in cryptocurrency funds stolen from phishing scams in March compared to January figures, recent data shows.
Approximately $3.35 million was stolen from phishing scammers on Base in March alone, according to blockchain anti-scam platform Scam Sniffer.
It marks a 334% ... | Approximately $3.35 million was stolen from phishing scammers on Base in March alone, according to blockchain anti-scam platform Scam Sniffer.
Binance’s BNB Smart Chain observed a similar surge in phishing scams in March, Scam Sniffer noted in an April 2 X post.
Scam Sniffer noted that phishing links from fake X accoun... |
Hedera’s HBAR token pumps 96% on misinterpreted BlackRock announcement | Shares of a BlackRock money market fund have been tokenized on the Hedera blockchain sending the Hedera (HBAR) token on a 96% rally in the last 24 hours — but the world’s largest asset manager confirmed it has no relationship with Hedera despite many believing it was actively involved.
The widely misinterpreted April ... | The widely misinterpreted April 23 HBAR Foundation X post — an organization working with the Hedera community — shared that blockchain trading and infrastructure firms Archax and Ownera tokenized BlackRock’s ICS US Treasury Fund on its network.
Cardano Ghost Fund DAO founder Chris O’Connor posted that BlackRock had “no... |
Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023 | After posting record-breaking earnings on the day of the Bitcoin halving, miners now face another reality: a high network hash rate and lower revenues pushing down profits.
The average revenue a Bitcoin (BTC) miner earns per performed hash, known as the hash price, has reached its lowest level since October 2023. Acco... | After posting record-breaking earnings on the day of the Bitcoin halving, miners now face another reality: a high network hash rate and lower revenues pushing down profits.
The average revenue a Bitcoin (BTC) miner earns per performed hash, known as the hash price, has reached its lowest level since October 2023.
Bitco... |
Technical charts suggest a roaring altseason may be just ahead: Analysts | Crypto’s famed “altseason,” a time during bull markets when smaller-capitalization cryptocurrencies skyrocket in value, could be coming very soon, according to market analysts.
On April 11, trader and analyst Rekt Capital observed that the altcoin market cap “has been the only constant” despite Bitcoin’s (BTC) price w... | Crypto’s famed “altseason,” a time during bull markets when smaller-capitalization cryptocurrencies skyrocket in value, could be coming very soon, according to market analysts.
On April 11, trader and analyst Rekt Capital observed that the altcoin market cap “has been the only constant” despite Bitcoin’s (BTC) price wh... |
How Solana developers are tackling network congestion challenges | The Solana Foundation has pinned recent network congestion issues on a combination of high demand for Solana block space and a failure to implement patches related to its networking stack in a timely manner.
Solana Foundation strategy lead Austin Federa spoke exclusively to Cointelegraph during Paris Blockchain Week a... | The Solana Foundation has pinned recent network congestion issues on a combination of high demand for Solana block space and a failure to implement patches related to its networking stack in a timely manner.
There’s a team of engineers across different core contributor groups working on building the Solana network, and... |
Weekend Wrap: Berachain raises $100M, Trump NFT sales dump and more | Berachain gets $100 million in Series B raise
Layer-1 blockchain Berachain — which is yet to announce its mainnet — has raised a $100 million Series B funding round.
Venture firms Framework Ventures and Brevan Howard Digital led the round, with contributions from Hack VC, Animoca Ventures and Polychain Capital, among... | Berachain gets $100 million in Series B raiseLayer-1 blockchain Berachain — which is yet to announce its mainnet — has raised a $100 million Series B funding round.
Trump NFT volumes drop 99% as criminal trial beginsTrading of nonfungible tokens (NFTs) spruiked by former United States President Donald Trump has tanked ... |
Polygon CEO says L3s are taking value away from Ethereum, sparking debate | Polygon CEO Marc Boiron riled up the debate on X over the weekend after arguing that layer-3 networks aren’t necessary to scale Ethereum and exist only to rob the mainnet of value.
On April 1, the Polygon CEO said that Polygon Labs, a layer-2 scaling network for Ethereum, does not work on layer 3s because they are not... | Polygon CEO Marc Boiron riled up the debate on X over the weekend after arguing that layer-3 networks aren’t necessary to scale Ethereum and exist only to rob the mainnet of value.
On April 1, the Polygon CEO said that Polygon Labs, a layer-2 scaling network for Ethereum, does not work on layer 3s because they are not ... |
Swiss Bitcoiners renew efforts to orange-pill the country’s central bank | Update April 25 at 3:35am UTC: This article has been updated to reflect that 2B4CH's first filing in October 2021 was postponed, and therefore, it didn't fail to obtain the 100,000 signatures needed to initiate a referendum.
Several Swiss-based Bitcoiners are renewing attempts to get the Swiss National Bank to hold Bi... | Several Swiss-based Bitcoiners are renewing attempts to get the Swiss National Bank to hold Bitcoin (BTC) in its reserves by holding a referendum to change the country’s constitution — but they will need to convince more than 100,000 locals to sign a petition first.
“By including Bitcoin in its reserves, Switzerland wo... |
Nigeria launches first multilingual large language model in Africa | Through the Ministry of Communications, Innovation, and Digital Economy, the Nigerian government has launched Nigeria’s first multilingual large language model (LLM) as the country pushes forward to take a leadership position in artificial intelligence (AI) development in Africa.
Nigeria’s Communications Minister, Dr.... | Through the Ministry of Communications, Innovation, and Digital Economy, the Nigerian government has launched Nigeria’s first multilingual large language model (LLM) as the country pushes forward to take a leadership position in artificial intelligence (AI) development in Africa.
The Minister stated,“The LLM will be tr... |
USDT aims to offer a lifeline to inflation-stricken nations: Tether CEO | The main purpose of the world’s largest stablecoin, Tether USD (USDT), is to help people in inflation-stricken economies protect their purchasing power, according to Tether CEO Paolo Ardoino.
In an exclusive interview with Cointelegraph, Ardoino said Tether’s main focus is to help the unbanked population who don’t hav... | The main purpose of the world’s largest stablecoin, Tether USD (USDT), is to help people in inflation-stricken economies protect their purchasing power, according to Tether CEO Paolo Ardoino.
“[USDT] is a tool that helps people in places that have been forgotten by the banking industry.
These 300 million people are of ... |
Fidelity files S-1 application with US SEC for spot ETH EFT with staking | Fidelity filed an S-1 application with the United States Securities and Exchange Commission (SEC) on March 27 to create a spot Ether (ETH) exchange-traded fund (ETF). As expected from an earlier filing, the ETF will give Fidelity the option to stake part of the ETH it holds.
The asset management giant’s ETF would trad... | Fidelity filed an S-1 application with the United States Securities and Exchange Commission (SEC) on March 27 to create a spot Ether (ETH) exchange-traded fund (ETF).
Fidelity's spot ETH EFT S-1 application.
The SEC is reportedly investigating the Ethereum Foundation, which analysts say could impact the chances of spot... |
Number of new memecoin traders hits record high — IntoTheBlock | Memecoins have kick-started a new crypto frenzy, attracting investors new to trading and searching for the next big token that could bring massive gains.
Market intelligence platform IntoTheBlock shows that the number of wallet addresses wallet address holding meme-related tokens for under 30 days hit a record high in... | Market intelligence platform IntoTheBlock shows that the number of wallet addresses wallet address holding meme-related tokens for under 30 days hit a record high in March.
The analytics platform explained that this indicates a large inflow of new traders buying memecoins in March.
The number of traders jumping into th... |
Ripple contests $2B SEC fine, says penalty shouldn’t exceed $10M | Cross-border payment protocol Ripple contested the United States Securities and Exchange Commission’s (SEC) request to impose a $2 billion fine against the blockchain company, saying the penalty should not exceed $10 million.
In a new filing, Ripple Labs opposed the SEC’s request to a federal judge to impose the almos... | In a new filing, Ripple Labs opposed the SEC’s request to a federal judge to impose the almost $2 billion fine on the company.
Ripple urged the court to deny the SEC’s requests for an injunction, disgorgement and pre-judgment interest.
Ripple also said the court should issue a more reasonable civil penalty, which shoul... |
Ernst & Young taps ZK-proofs on Ethereum to automate contracts | Big Four accounting firm Ernst & Young has launched an Ethereum-based solution using zero-knowledge proofs aimed at helping its private business clients facilitate complex contracts.
Called the EY OpsChain Contract Manager (OCM), the solution will help private businesses execute complex business agreements in a timely... | Big Four accounting firm Ernst & Young has launched an Ethereum-based solution using zero-knowledge proofs aimed at helping its private business clients facilitate complex contracts.
Among the types of contracts that can leverage EY’s Ethereum-based solution are purchase agreements, standardized rate cards, volume disc... |
Chainlink co-founder expects more coins to have ETFs — Token2049 | With the crypto space looking for the next narrative to power it higher, Sergey Nazarov, the co-founder of blockchain oracle platform Chainlink, shared some of his ideas on what might be next for crypto.
In an interview with Cointelegraph at the Token2049 event in Dubai, Nazarov shared how the crypto exchange-traded f... | With the crypto space looking for the next narrative to power it higher, Sergey Nazarov, the co-founder of blockchain oracle platform Chainlink, shared some of his ideas on what might be next for crypto.
Source: CointelegraphAccording to Nazarov, with Bitcoin (BTC) ETFs being approved, the crypto space could expect mor... |
BitMEX co-founder must face suit over ‘God Access’ trading desk, judge rules | Crypto exchange BitMEX co-founder Ben Delo is set to face a class-action lawsuit from exchange users after a United States federal judge determined the suit sufficiently showed he was key to an alleged price manipulation plot.
Delo, a British citizen, had asked to dismiss the suit last May, claiming U.S. courts have n... | Crypto exchange BitMEX co-founder Ben Delo is set to face a class-action lawsuit from exchange users after a United States federal judge determined the suit sufficiently showed he was key to an alleged price manipulation plot.
“Plaintiffs have sufficiently alleged that Delo has purposely availed himself of the benefits... |
Cboe seeks SEC approval to mix mutual funds with ETFs | Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds.
According to a Reuters report on April 4, Cboe submitted a 19b-4 form requesting the green light to add an ETF share class to ex... | Cboe Global Markets has asked the United States Securities and Exchange Commission to approve a rule change that would allow issuers to combine exchange-traded funds (ETFs) and mutual funds.
If approved, the rule would allow issuers to combine and offer similar mutual funds and ETFs within a single investment vehicle.
... |
Sphere 3D’s legal issues escalate as Gryphon seeks to block $10M | The legal battle between Bitcoin miners Sphere 3D and Gryphon Digital Mining has gotten another chapter on March 25, as a new legal action seeks to block $10 million from a recent settlement.
In a pre-motion letter filed by Gryphon in the United States District Court for the Southern District of New York, the miner re... | The legal battle between Bitcoin miners Sphere 3D and Gryphon Digital Mining has gotten another chapter on March 25, as a new legal action seeks to block $10 million from a recent settlement.
However, in April 2023, Sphere first sued Gryphon after an alleged spoofing attack led to the irregular transfer of Bitcoin.
In ... |
RFK Jr. wants to put the entire US budget on a blockchain | United States presidential candidate Robert F. Kennedy Jr. wants to put the entire U.S. budget on the blockchain.
During a Michigan rally on April 21, he proposed the idea and said the move would allow every American to look at “every budget item anytime they want, 24 hours a day.”
“We’re gonna have 300 million eyeba... | United States presidential candidate Robert F. Kennedy Jr. wants to put the entire U.S. budget on the blockchain.
The blockchain proposal was lauded by many crypto advocates on social media, where people claimed it would be revolutionary and end corruption.
However, in the past, Kennedy has vowed to end U.S. efforts to... |
PAXG hit new high amid Middle East tensions, raising questions about Bitcoin | The gold-backed digital asset from Paxos spiked to an all-time high over the weekend amid a backdrop of rising tensions in the Middle East, leading to some questioning Bitcoin’s (BTC) value as a geopolitical hedge.
The PAXG gold-backed crypto token hit $2,855 on April 13 as Bitcoin prices conversely tanked $5,000 in a... | The gold-backed digital asset from Paxos spiked to an all-time high over the weekend amid a backdrop of rising tensions in the Middle East, leading to some questioning Bitcoin’s (BTC) value as a geopolitical hedge.
The PAXG gold-backed crypto token hit $2,855 on April 13 as Bitcoin prices conversely tanked $5,000 in a ... |
Ubisoft teases new blockchain game at Paris Blockchain Week | AAA game studio Ubisoft is edging closer to releasing its first blockchain-based game after releasing the first gameplay trailer for Champion Tactics Grimoria during Paris Blockchain Week.
The tactical player-vs-player role-playing game’s lead developers gave Cointelegraph an exclusive playthrough at the conference. T... | AAA game studio Ubisoft is edging closer to releasing its first blockchain-based game after releasing the first gameplay trailer for Champion Tactics Grimoria during Paris Blockchain Week.
Source: ChampionsVerse Champions TacticsThe game certainly has the polish and feel of a Ubisoft title, with high-end graphics and a... |
Mastercard sees partnerships as key to blockchain remittances in Latam | Mastercard has released a white paper on remittances in Latin America. Remittance rates are growing faster than the global average in the region, and mobile phone and internet penetration will fuel a transition from cash to digital options, the report said.
As of 2022, one in ten people worldwide lives in a home that ... | Mastercard has released a white paper on remittances in Latin America.
As of 2022, one in ten people worldwide lives in a home that receives remittances worth a total of $831 billion.
Digital remittances are expected to be worth $20 billion by 2026.
Related: Circle and SBI Holdings partner to boost USDC circulation in ... |
OneCoin’s legal boss gets 4 years jail for massive $4B crypto scam | The former head of legal and compliance for the multibillion-dollar OneCoin fraud scheme has been sentenced to four years in jail after admitting she helped launder millions of dollars.
42-year-old Irina Dilkinska was sentenced on Wednesday to four years in jail by United States District Judge Edgardo Ramos, according... | The former head of legal and compliance for the multibillion-dollar OneCoin fraud scheme has been sentenced to four years in jail after admitting she helped launder millions of dollars.
42-year-old Irina Dilkinska was sentenced on Wednesday to four years in jail by United States District Judge Edgardo Ramos, according ... |
SushiSwap team treasury takeover looks likely despite heated debate | A controversial proposal to change SushiSwap’s treasury structure by the team behind the decentralized exchange looks like it may go through despite vocal opposition to the proposal on social media.
The SushiSwap team made a controversial governance proposal on March 26 to “significantly evolve Sushi by adopting a Lab... | There is a current maximum supply of 250 million SUSHI (SUSHI) tokens under the existing tokenomics model.
Additionally, Sushi Labs will be the sole beneficiary of future airdrops awarded by protocols and partners.
So far, around 29 million SUSHI has been pledged, which is more than enough to reach a quorum.
Among the ... |
Coinbase cleared in lawsuit over crypto transactions | Coinbase crypto exchange has achieved a significant victory in an ongoing lawsuit. The United States Court of Appeals for the Second Circuit ruled in favor of Coinbase, confirming that secondary sales of cryptocurrencies on its platform do not violate the Securities Exchange Act.
The court’s decision affects a nationw... | Coinbase crypto exchange has achieved a significant victory in an ongoing lawsuit.
The plaintiffs lodged federal claims under Sections 5, 12(a)(1) and 15 of the Securities Act 1933, alongside Sections 5, 15(a)(1), 20(a) and 29(b) of the Securities Exchange Act of 1934.
However, Coinbase argued that secondary crypto ass... |
‘Buy Bitcoin’ sign that photobombed Janet Yellen sells for $1M | A yellow notepad with “Buy Bitcoin” written on it, which was flashed behind then-United States Federal Reserve Chair Janet Yellen during a 2017 congressional hearing, has sold at auction for 16 Bitcoin (BTC) — over $1 million.
The buyer, identified as “Justin” — also known as “Squirrekkywrath” — was the winning bidder... | A yellow notepad with “Buy Bitcoin” written on it, which was flashed behind then-United States Federal Reserve Chair Janet Yellen during a 2017 congressional hearing, has sold at auction for 16 Bitcoin (BTC) — over $1 million.
The buyer, identified as “Justin” — also known as “Squirrekkywrath” — was the winning bidder ... |
Vitalik Buterin wants rollups to hit stage 1 decentralization by year-end | Ethereum co-founder Vitalik Buterin is proposing to raise the bar on what’s considered a rollup in the Ethereum ecosystem — and suggests developers should aim to get their decentralization efforts in order by the end of the year.
The comments came in his latest blog post on March 28, reflecting on the year ahead follo... | Ethereum co-founder Vitalik Buterin is proposing to raise the bar on what’s considered a rollup in the Ethereum ecosystem — and suggests developers should aim to get their decentralization efforts in order by the end of the year.
Buterin noted that Ethereum was in the “process of a decisive shift” from a “very rapid L1... |
Binance restricts unverified sub-accounts on Exchange Link program | Crypto exchange Binance announced mandatory Know Your Customer (KYC) requirements for its Exchange Link account holders under the Binance Link Program.
On April 5, Binance said that only verified and compliant users will be given access to their sub-accounts. The rule also applies to subaccounts created for deposit pu... | Crypto exchange Binance announced mandatory Know Your Customer (KYC) requirements for its Exchange Link account holders under the Binance Link Program.
The exchange said it had been applying restrictions to noncompliant sub-accounts since March 20 and giving an ultimatum to unverified sub-account holders.
The exchange ... |
Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: Analyst | Investor confidence in the Bitcoin (BTC) mining sector’s profitability after the cryptocurrency halves its rewards has sent Bitcoin mining shares in the United States and abroad tumbling — but those fears aren’t well founded, an industry analyst said.
“Investors will realize their fears were mostly unsubstantiated,” s... | Investor confidence in the Bitcoin (BTC) mining sector’s profitability after the cryptocurrency halves its rewards has sent Bitcoin mining shares in the United States and abroad tumbling — but those fears aren’t well founded, an industry analyst said.
“Investors will realize their fears were mostly unsubstantiated,” sa... |
Clearstream joins ECB wholesale CBDC trials with tokenized securities | Central securities depository Clearstream, a Deutsche Börse Group subsidiary, will take part in European Central Bank (ECB) trials of digital euro wholesale central bank digital currency (CBDC).
Clearstream, which operates the D7 post-trade platform, is the only central securities depository (CSD) participating in the... | Central securities depository Clearstream, a Deutsche Börse Group subsidiary, will take part in European Central Bank (ECB) trials of digital euro wholesale central bank digital currency (CBDC).
Clearstream, which operates the D7 post-trade platform, is the only central securities depository (CSD) participating in the ... |
Nifty News: PayPal removes NFT protections, Adidas NFT sneakers and more | PayPal removes protections for NFT buyers and sellers
Multinational payment services firm PayPal is silently taking down protections for purchases related to nonfungible tokens (NFTs).
On May 20, amended policies will take effect, removing buyer and seller protection coverages for NFT purchases. In its upcoming polic... | PayPal removes protections for NFT buyers and sellersMultinational payment services firm PayPal is silently taking down protections for purchases related to nonfungible tokens (NFTs).
In its upcoming policies page, PayPal said that it has revised its Purchase Protection Program to exclude NFTs from eligibility.
Excerpt... |
Memecoin madness is breaking the Bitcoin halving cycle | Crypto industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull market on record, following a premature Bitcoin (BTC) all-time high and a massive rush into memecoins.
On April 1, Chainlink community liaison Zach Rynes — aka “ChainLinkGod” — said, “This bull market has been weird” in a post t... | Crypto industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull market on record, following a premature Bitcoin (BTC) all-time high and a massive rush into memecoins.
On April 1, Chainlink community liaison Zach Rynes — aka “ChainLinkGod” — said, “This bull market has been weird” in a post to... |
GBTC sees $166M outflows despite CEO’s ‘equilibrium’ remark | The Grayscale Bitcoin Trust (GBTC) continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin withdrawn from the fund’s holdings on Friday, April 12.
According to Farside Investors data, outflows from GBTC have now exceeded $16.2 billion since its conversion to a spot Bitcoin (BTC... | The Grayscale Bitcoin Trust (GBTC) continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin withdrawn from the fund’s holdings on Friday, April 12.
Inflows into other spot Bitcoin ETFs have also slowed, indicating declining investor engagement.
GBTC recorded significant outflows ... |
Nansen integrates blockchain data from SportFi chain Chiliz and Ethereum rollup zkSync | Cryptocurrency users looking for the latest “alpha” in SportFi and zero-knowledge rollups can keep close tabs on data and insights from blockchain Chiliz and Ethereum layer 2 zkSync through new integrations on Nansen.
The blockchain analytics platform announced the integration of the two different protocols on March 2... | Cryptocurrency users looking for the latest “alpha” in SportFi and zero-knowledge rollups can keep close tabs on data and insights from blockchain Chiliz and Ethereum layer 2 zkSync through new integrations on Nansen.
The blockchain analytics platform announced the integration of the two different protocols on March 28... |
US gov’t among states with largest Bitcoin holdings — Arkham | The United States government is one of the biggest cryptocurrency holders alongside other global states like the United Kingdom and Germany, according to data from Arkham.
Arkham, a crypto intelligence platform focused on deanonymizing entities on the blockchain network, has introduced a dashboard featuring the govern... | The United States government is one of the biggest cryptocurrency holders alongside other global states like the United Kingdom and Germany, according to data from Arkham.
Arkham, a crypto intelligence platform focused on deanonymizing entities on the blockchain network, has introduced a dashboard featuring the governm... |
Levels of consumer trust in crypto increasing: Report | A new Deutsche Bank survey revealed that consumer skepticism about Bitcoin has fallen slightly, although less than a third of survey respondents still expect a sharp price drop by the end of 2024.
The survey, published on April 8, polled over 3,600 consumers. Slightly more than half (52%) agree that cryptocurrencies a... | A new Deutsche Bank survey revealed that consumer skepticism about Bitcoin has fallen slightly, although less than a third of survey respondents still expect a sharp price drop by the end of 2024.
A similar survey was conducted by Deutsche Bank in September 2023, which showed less than 40% confidence.
The survey also l... |
Bitcoin ‘no longer cheap’ — Fidelity revises medium-term outlook for BTC | Fidelity Digital Assets has revised its medium-term outlook for Bitcoin (BTC) from “positive” to “neutral” following the first quarter, citing several metrics that suggest Bitcoin is no longer considered “cheap” amid a potential build up of sell pressure.
In its latest Signals report released on April 22, Fidelity Dig... | Fidelity Digital Assets has revised its medium-term outlook for Bitcoin (BTC) from “positive” to “neutral” following the first quarter, citing several metrics that suggest Bitcoin is no longer considered “cheap” amid a potential build up of sell pressure.
'”This would suggest that Bitcoin is now trading at “fair value,... |
Bitcoin miner Sphere 3D refutes Gryphon’s claims of financial doubts: 'Disingenuous' | Bitcoin miner Sphere 3D has denied reports of financial troubles, claiming that accusations from its former partner Gryphon Digital Mining are “at best disingenuous.”
In a court document shared with Cointelegraph, Sphere 3D refuted accusations made a few days earlier by Gryphon to the United States District Court for ... | According to Gryphon, the move was necessary since Sphere could not pay roughly $30 million in future breach of contract judgments.
Sphere 3D, on the other hand, claims to have $45 million in assets and $5 million in liabilities, per its 2023 Annual Report.
According to a source familiar with the litigation, Gryphon’s ... |
VC Roundup: Investors move into cross-chain, Bitcoin layer-2 and institutional tools | Venture capital firms are moving to seize market share amid the current bull cycle. March’s developments include the acquisition of quantitative trading firm CFT Capital by Web3-native investment company Borderless Capital.
The move adds artificial intelligence and quant proprietary trading products to Borderless’ bus... | March’s developments include the acquisition of quantitative trading firm CFT Capital by Web3-native investment company Borderless Capital.
For 2024, the venture firm expects cross-chain standardization to be the next chapter in the evolution of the crypto space.
“We strongly believe DePIN represents a new coordination... |
Ether ETFs will ‘probably be rejected’ in May — VanEck CEO | The chief executive of investment firm VanEck says it’s unlikely the United States Securities and Exchange Commission (SEC) will approve spot Ether (ETH) exchange-traded funds (ETFs) in May.
In an April 9 interview with CNBC, Jan van Eck said his firm’s spot Ethereum ETF application will “probably be rejected.”
He no... | The chief executive of investment firm VanEck says it’s unlikely the United States Securities and Exchange Commission (SEC) will approve spot Ether (ETH) exchange-traded funds (ETFs) in May.
Source: BloombergBalchunas lowered his formal odds for an Ether ETF approval by May from 70% to 35%.
VanEck’s spot Bitcoin ETF — ... |
Bitcoin Cash price hiccups amid second-ever halving event | Bitcoin Cash (BCH) stumbled on Wednesday after a three-month-long rally before rebounding shortly after as the blockchain completed its second-ever halving — an event where mining rewards are slashed in half.
Bitcoin Cash is a proof-of-work blockchain network and cryptocurrency that was designed to be faster and cheap... | Bitcoin Cash (BCH) stumbled on Wednesday after a three-month-long rally before rebounding shortly after as the blockchain completed its second-ever halving — an event where mining rewards are slashed in half.
Bitcoin Cash is a proof-of-work blockchain network and cryptocurrency that was designed to be faster and cheape... |
Worldcoin tightens privacy checks, allows users to unverify World ID | Worldcoin, the digital identity and cryptocurrency project built by OpenAI CEO Sam Altman, is adding new features to increase the protection of personal data and improve age verification.
On April 9, Worldcoin announced two updates: The ability to unverify World IDs via permanent iris code deletion and in-person age v... | On April 9, Worldcoin announced two updates: The ability to unverify World IDs via permanent iris code deletion and in-person age verification checks.
World ID holders can now unverify their World ID, which serves as a digital passport that verifies an individual’s humanness using “orbs,” which are devices that scan us... |
Polkadot active addresses hit record 600K | The Polkadot blockchain has reached a new all-time high in active addresses on its network.
Polkadot amassed over 600,000 active addresses on-chain by the end of March, according to data by DotLake, shared in an April 7 X post by Polkadot.
“Activity continues to grow in the Polkadot ecosystem, where many apps use ded... | The Polkadot blockchain has reached a new all-time high in active addresses on its network.
Polkadot amassed over 600,000 active addresses on-chain by the end of March, according to data by DotLake, shared in an April 7 X post by Polkadot.
“Activity continues to grow in the Polkadot ecosystem, where many apps use dedic... |
Tether announces restructuring to go beyond stablecoins | Tether — the operator of the eponymous Tether (USDT) stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development.
The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, ... | Tether — the operator of the eponymous Tether (USDT) stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development.
The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, T... |
Nigeria puts faith in new crypto-friendly regulator | Nigeria’s blockchain stakeholders have expressed hope and confidence in the newly appointed Director-General of the Securities and Exchange Commission (SEC). The new SEC Chair’s pro-crypto background is seen as an added advantage for the local crypto industry.
Nigerian President Bola Ahmed Tinubu has appointed Emomoti... | Nigeria’s blockchain stakeholders have expressed hope and confidence in the newly appointed Director-General of the Securities and Exchange Commission (SEC).
The new SEC Chair’s pro-crypto background is seen as an added advantage for the local crypto industry.
Nigerian President Bola Ahmed Tinubu has appointed Emomotim... |
Memecoins are making millionaires, but are they actually good for crypto? | The crypto bull market is back, and with it comes everyone’s favorite — or least favorite — symbol that euphoria is returning: memecoins.
Headlines have been abuzz with wild stories of traders turning relatively modest sums of money into multimillion-dollar jackpots by getting in early on a token that ends up explodin... | The crypto bull market is back, and with it comes everyone’s favorite — or least favorite — symbol that euphoria is returning: memecoins.
He argued that memecoins are a net positive for the crypto ecosystem, as they help people engage with blockchain technology and learn more about how cryptocurrencies work.
When asked... |
FTX estate to unload $7.6B locked Solana balance at 68% discount | The estate of bankrupt cryptocurrency exchange FTX will sell its balance of 41 million Solana (SOL), worth $7.65 billion at the time of publication, to institutional investors at around $60, or a 68% discount to its current market price.
As told by FTX creditor Sunil Kavuri during FTX co-founder and former CEO Sam Ban... | The estate of bankrupt cryptocurrency exchange FTX will sell its balance of 41 million Solana (SOL), worth $7.65 billion at the time of publication, to institutional investors at around $60, or a 68% discount to its current market price.
“Sullivan & Cromwell [FTX bankruptcy counsel] has trampled over our property right... |
New Bitcoin whales, ETFs are up only 1.6% in unrealized profit — Is the BTC bottom in? | Institutional investors and Bitcoin exchange-traded fund (ETF) holders are barely up in unrealized profits, suggesting that this cohort is likely not to produce much selling pressure in the short term. So, was the dip below $60,000 the local bottom for Bitcoin (BTC) price?
Bitcoin ETF holders only up 1.6% in unrealize... | So, was the dip below $60,000 the local bottom for Bitcoin (BTC) price?
Bitcoin ETF holders only up 1.6% in unrealized profitShort-term Bitcoin whales, or investors holding at least 1,000 BTC for up to 155 days have an unrealized profit of just 1.6% on their holdings, according to CryptoQuant data.
BTC unrealized profi... |
Bitcoin halving 2024: 5 ways it’s different this time | Another Bitcoin halving has come and gone, the fourth so far, and this one was like no other before it, with institutional investment playing a key role for the very first time.
Bitcoin halvings have been historically associated with one essential similarity — a subsequent spike in BTC price, which often occurs some t... | While the community has yet to find out whether the fourth halving will follow the same path, some things are already different about the Bitcoin halving 2024.
2024 pre-halving Bitcoin rally has not been seen beforeOne of the biggest differences between the fourth Bitcoin halving and the three past halvings is that the... |
Worldcoin launches its own ‘human-centric’ blockchain network | Worldcoin, an identity coin startup founded by OpenAI CEO Sam Altman, is furthering its “human-centric” approach to the Web3 space with its new blockchain network, World Chain.
On April 17, Worldcoin announced World Chain, which is a new blockchain initiative designed to prioritize human users, enhance efficiency and ... | Worldcoin, an identity coin startup founded by OpenAI CEO Sam Altman, is furthering its “human-centric” approach to the Web3 space with its new blockchain network, World Chain.
On April 17, Worldcoin announced World Chain, which is a new blockchain initiative designed to prioritize human users, enhance efficiency and f... |
Nifty News: LA’s Bored Ape lovers go hungry, Bitcoiners sell $500 Game Boy dupe and more | Bored & Hungry LA flips its last NFT-themed burger
A Los Angeles burger restaurant which used a Bored Ape Yacht Club (BAYC) nonfungible token (NFT) as its brand is serving up its last patties and fries after two years in business and is being sold to a decentralized autonomous organization (DAO).
“Today we say goodby... | Nguyen added the “branding and franchising company” Hungry DAO acquired the Bored & Hungry brand, which also has three locations in the Philippines, one in Seoul, South Korea and slated Hong Kong, Singapore and Dubai pop-ups during events later in the year.
NFT sales drop for 5th straight weekNFT sales volumes for all ... |
Internet Computer users pledge $80M to decentralize its project ecosystem | Internet Computer community members pledged almost $80 million worth of Internet Computer (ICP) tokens to help decentralize protocols in the ecosystem last year.
Contributor to the Internet Computer network, the DFINITY Foundation, released its 2023 protocol ecosystem report on March 27, revealing that the community c... | Internet Computer community members pledged almost $80 million worth of Internet Computer (ICP) tokens to help decentralize protocols in the ecosystem last year.
Contributor to the Internet Computer network, the DFINITY Foundation, released its 2023 protocol ecosystem report on March 27, revealing that the community co... |
Crypto ATMs to resurge once Bitcoin ‘FOMO’ hits full swing, says CEO | Bitcoin ATMs will likely see a global acceleration in installations after the Bitcoin halving, a period when crypto FOMO (fear of missing out) typically hits a fever pitch, according to the boss of a major Bitcoin ATM operator.
In 2023, crypto ATM installs had their first-ever yearly decline in a decade, owing to a be... | Bitcoin ATMs will likely see a global acceleration in installations after the Bitcoin halving, a period when crypto FOMO (fear of missing out) typically hits a fever pitch, according to the boss of a major Bitcoin ATM operator.
In 2023, crypto ATM installs had their first-ever yearly decline in a decade, owing to a bea... |
Bitcoin miner bankruptcies will be less common this cycle — Hut8 CEO | There will be far fewer Bitcoin (BTC) mining firms filing for bankruptcy in the coming years than there were in 2022, says Hut 8 CEO Asher Gennot.
Speaking in an April 3 interview with Bloomberg, Genoot said that the main cause of bankruptcies in 2022 came from firms being overleveraged and unprepared for rising energ... | However, Genoot said that since then, Bitcoin miners have typically relied on less leverage and higher volumes of debt-free capital coming from equity markets to grow their businesses.
He expects to see an uptick in mergers and acquisitions (M&A) activity among smaller-scale Bitcoin miners, something he predicts will c... |
Meta announces VR education metaverse for ages 13 and up | Meta is bringing its enterprise level Quest services to the education sector, the social media giant announced on April 15.
The company’s Quest virtual reality (VR) headsets have become “by far the most popular extended reality (XR) headsets on the market” according to Statista. The sector is expected to reach an inst... | Meta is bringing its enterprise level Quest services to the education sector, the social media giant announced on April 15.
The company’s Quest virtual reality (VR) headsets have become “by far the most popular extended reality (XR) headsets on the market” according to Statista.
If that prediction remains true, the VR ... |
With 10 days to the halving, analysts predict $150K Bitcoin top | With only 10 days left until the much-awaited halving, Bitcoin is still trading above the $70,000 psychological level, bolstering bullish long-term price predictions from market analysts.
Following the halving, Bitcoin (BTC) price could appreciate over 160% to reach a cycle top of above $150,000, according to a resear... | With only 10 days left until the much-awaited halving, Bitcoin is still trading above the $70,000 psychological level, bolstering bullish long-term price predictions from market analysts.
Following the halving, Bitcoin (BTC) price could appreciate over 160% to reach a cycle top of above $150,000, according to a researc... |
Withdrawals from real estate betting platform Parcl hit $74M after airdrop | Investors providing liquidity to the Solana-based real estate betting platform Parcl have pulled more than $74 million from the protocol following its airdrop snapshot earlier in April.
Parcl distributed its native PRCL tokens to eligible users on April 15 after announcing that it had taken a snapshot of users' point ... | Investors providing liquidity to the Solana-based real estate betting platform Parcl have pulled more than $74 million from the protocol following its airdrop snapshot earlier in April.
Parcl distributed its native PRCL tokens to eligible users on April 15 after announcing that it had taken a snapshot of users' point b... |
Japanese investment firm sees stock price soar after adopting Bitcoin | Publicly listed Japanese firm Metaplanet has announced it has bought 1 billion yen ($6.5 million) worth of Bitcoin (BTC) as a core treasury asset, following in the footsteps of American giant MicroStrategy.
Metaplanet is an investment firm focused on Web3 and metaverse-related businesses. The decision to adopt BTC as ... | Publicly listed Japanese firm Metaplanet has announced it has bought 1 billion yen ($6.5 million) worth of Bitcoin (BTC) as a core treasury asset, following in the footsteps of American giant MicroStrategy.
The adoption of BTC has already helped Metaplanet gain major market momentum, with the stock price up 89% in post... |
Wealth management firms to boost Bitcoin ETF holdings — Bitwise CEO | Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin (BTC) exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving.
Horsley’s prediction aligns with the broader market belief that t... | Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin (BTC) exchange-traded funds (ETFs).
The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving.
Despite its early lead, Grayscale’s supremacy in the Bitcoin ETF m... |
Bitcoin ‘pretty unlikely’ to revisit $50K price level, says analyst | The frequency of Bitcoin reaching higher support price levels, as well as the “lack of immediate froth” in the derivatives markets, suggests that its price is unlikely to retrace down to $50,000 anytime soon, according to a crypto analyst.
Senior analyst at digital asset fund UTXO Management, Dylan LeClair, explained ... | The frequency of Bitcoin reaching higher support price levels, as well as the “lack of immediate froth” in the derivatives markets, suggests that its price is unlikely to retrace down to $50,000 anytime soon, according to a crypto analyst.
If Bitcoin’s price rises to $70,000, approximately $174.17 million will be liqui... |
BlackRock CEO ’very bullish’ on Bitcoin as its ETF crosses $17B | BlackRock CEO Larry Fink has been “pleasantly surprised” by the performance of his firm’s spot Bitcoin (BTC) exchange-traded fund (ETF) and has reiterated he's “very bullish” on the long-term viability of Bitcoin.
“IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the... | BlackRock CEO Larry Fink has been “pleasantly surprised” by the performance of his firm’s spot Bitcoin (BTC) exchange-traded fund (ETF) and has reiterated he's “very bullish” on the long-term viability of Bitcoin.
Grayscale's Bitcoin holdings have continued to slip, however, down from 620,000 BTC it held before convert... |
Solana's mainnet beta update v1.17.31 aims to resolve congestion issues | Solana developers have released a mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain.
The update was released on April 12, and now, after three days of testing, it is being recommended for general use by mainnet beta validators.
This patch contains enhancements that wi... | Solana developers have released a mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain.
The update was released on April 12, and now, after three days of testing, it is being recommended for general use by mainnet beta validators.
This patch contains enhancements that will... |
Pricing aggregators caused Pax Dollar to depeg | The recent depegging of the Pax Dollar (USDP) stablecoin was caused by issues with pricing aggregators, not the protocol itself, according to a Paxos spokesperson
The Pax Dollar’s price briefly surged to $1.29 on April 16 before returning to $1 within three hours of the depeg, according to CoinMarketCap data.
A Paxos... | The recent depegging of the Pax Dollar (USDP) stablecoin was caused by issues with pricing aggregators, not the protocol itself, according to a Paxos spokespersonThe Pax Dollar’s price briefly surged to $1.29 on April 16 before returning to $1 within three hours of the depeg, according to CoinMarketCap data.
A Paxos sp... |
As Sam Bankman-Fried’s sentencing approaches, letters invoking vegan lifestyle call for leniency | Advocates for Sam “SBF” Bankman-Fried, expected to be sentenced on March 28 following his conviction on seven felony counts, have called for leniency for the former FTX CEO.
In letters filed in United States District Court for the Southern District of New York on March 26, five individuals called on Judge Lewis Kaplan... | Advocates for Sam “SBF” Bankman-Fried, expected to be sentenced on March 28 following his conviction on seven felony counts, have called for leniency for the former FTX CEO.
The letters, from people who knew Bankman-Fried personally or were impacted by the collapse of FTX, highlighted SBF’s vegan lifestyle, his experie... |
Bitcoin halving impact on altcoins | Bitcoin’s (BTC) growing dominance over the last 15 years signifies the importance of the mechanisms creator Satoshi Nakamoto devised to overcome the shortcomings of the fiat ecosystem — one of them being halving.
Nakamoto invented the Bitcoin halving mechanism, which reduces the BTC rewards for mining over time to slo... | The Bitcoin halving in 2024—like the previous three halving events—is set to leave a long-lasting impact on Bitcoin as well as the countless altcoin ecosystems it helped create over the years.
Altcoins will react differently to the Bitcoin halving depending on various factors, including tokenomics, value proposition an... |
Crypto.com expands in South Korea despite increasing regulatory scrutiny | Centralized cryptocurrency exchange Crypto.com will launch its cryptocurrency trading app to South Korean retail investors on April 29.
The platform will initially offer access to over 150 cryptocurrencies and nonfungible tokens (NFTs) on the Crypto.com app for South Korean users, which is a significant market segment... | Centralized cryptocurrency exchange Crypto.com will launch its cryptocurrency trading app to South Korean retail investors on April 29.
The new app will exclusively serve retail investors in the country, as South Korean institutions have been banned from investing in crypto since 2017.
The launch in South Korea is part... |
12 Solana presale memecoins abandoned after just a month | At least 12 Solana presale memecoins have been “completely abandoned” in the last 30 days after raising a combined $26.7 million from investors, according to figures shared by independent blockchain sleuth ZachXBT.
In an April 21 post to X, ZachXBT highlighted 12 Solana memecoin projects that raised funds through the ... | At least 12 Solana presale memecoins have been “completely abandoned” in the last 30 days after raising a combined $26.7 million from investors, according to figures shared by independent blockchain sleuth ZachXBT.
According to ZachXBT, the most costly “abandoned” presale project was a memecoin dubbed “I like this coin... |
Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M of BTC | Cameron and Tyler Winklevoss have joined as co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin (BTC) to support the club’s plans.
The Winklevoss twins executed the investment and acquisition through their investment firm, Winklevoss Capital,... | Cameron and Tyler Winklevoss have joined as co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin (BTC) to support the club’s plans.
The Winklevoss twins executed the investment and acquisition through their investment firm, Winklevoss Capital, ... |
Massive Bitcoin consolidation sparks sell-side liquidity concerns | CryptoQuant founder and CEO Ki Young Ju believes that the movement and consolidation of 2,000 Bitcoin (BTC) by an unidentified individual or entity into a single wallet indicates a “sell-side liquidity crisis waking up old Bitcoin.”
Young Ju pointed out that the pattern of the transactions suggests the coins were sold... | An unidentified individual or entity who received 2,000 Bitcoin in mining rewards in 2010 consolidated them into a single wallet.
It consolidated 40 batches of mining rewards, each comprising 50 Bitcoin, into a single wallet.
The fifth-wealthiest Bitcoin address moved $6 billion worth of Bitcoin to three different addr... |
US Treasury official outlines proposals for tighter crypto crime control | United States Deputy Treasury Secretary Adewale Adeyemo continued advocating for more enforcement powers for his agency in testimony before the Senate Banking Committee on April 9. In a hearing on countering illicit finance, terrorism and sanctions evasion, Adeyemo outlined three proposed reforms to improve U.S. enforc... | In a hearing on countering illicit finance, terrorism and sanctions evasion, Adeyemo outlined three proposed reforms to improve U.S. enforcement efforts against international bad actors using crypto.
Adeyemo was following up on proposals made by the Treasury Department in November.
In his latest testimony, Adeyemo list... |
Binance gets Dubai crypto license following CZ’s departure: Report | Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai.
Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg o... | Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai.
Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg on... |
Ethena announces integration with exchange wallets | Synthetic stablecoin protocol Ethena Labs has integrated with centralized exchange wallets of Binance, Bybit, OKX, and Bitget as of April 10.
“Users locking USDe for at least 7 days through exchange Web3 wallets are eligible for a 20% reward boost starting today,” said Ethena developers.
The incentives, issued in the... | Synthetic stablecoin protocol Ethena Labs has integrated with centralized exchange wallets of Binance, Bybit, OKX, and Bitget as of April 10.
“Users locking USDe for at least 7 days through exchange Web3 wallets are eligible for a 20% reward boost starting today,” said Ethena developers.
The incentives, issued in the f... |
Binance’s $1B emergency ‘SAFU’ fund now makes up 3% of UDSC supply | The world’s largest crypto exchange, Binance, is converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin and now holds 3% of its circulating supply.
The company announced the move on April 18, stating that “we are transferring 100% of SAFU’s assets to USDC” but didn’t elaborate on wh... | The world’s largest crypto exchange, Binance, is converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin and now holds 3% of its circulating supply.
The exchange’s Secure Asset Fund for Users is an emergency insurance fund established in 2018 to protect Binance users in extreme situat... |
Google sues alleged China crypto app racketeers: Report | Google’s parent company, Alphabet, has filed a lawsuit against two people based in China for using the company’s platform for scam cryptocurrency apps that amassed over 100,000 downloads.
Alphabet claims that scammers used its platforms, Google Play and YouTube, to upload and advertise fraudulent crypto apps.
The onl... | Alphabet claims that scammers used its platforms, Google Play and YouTube, to upload and advertise fraudulent crypto apps.
The lawsuit was filed Thursday, April 4, in a federal court in New York, according to an April 4 Bloomberg report.
The scam apps were designed to look like genuine digital asset investments aiming ... |
Tether issued on TON blockchain at a ‘great start,’ says CEO — Now at $60M | $60 million worth of Tether (USDT) has already been issued on The Open Network (TON) since it began supporting the blockchain on April 19, making it the 11th-largest blockchain for Tether out of 16.
On April 19, the stablecoin issuer announced a collaboration with the TON Foundation at the Token2049 crypto conference ... | $60 million worth of Tether (USDT) has already been issued on The Open Network (TON) since it began supporting the blockchain on April 19, making it the 11th-largest blockchain for Tether out of 16.
On April 19, the stablecoin issuer announced a collaboration with the TON Foundation at the Token2049 crypto conference i... |
Solana devs target April 15 for failed TX fix — It’s ‘not a design flaw’ | Solana developers are targeting April 15 to implement a fix for an “implementation bug” that recently caused the transaction failure rate on Solana to skyrocket.
“Solana’s current issue is not a design flaw, it’s an implementation bug,” stressed Mert Mumtaz, the CEO of Helius Labs, a blockchain infrastructure firm tha... | Solana developers are targeting April 15 to implement a fix for an “implementation bug” that recently caused the transaction failure rate on Solana to skyrocket.
“Solana’s current issue is not a design flaw, it’s an implementation bug,” stressed Mert Mumtaz, the CEO of Helius Labs, a blockchain infrastructure firm that... |
Tether’s USDT stablecoin goes live on TON blockchain | Stablecoin operator Tether is strengthening ties with Telegram’s Web3 ecosystem by launching its U.S. dollar-pegged USDT (USDT) stablecoin on The Open Network (TON).
Tether made the announcement on April 19, also revealing it would launch the gold-pegged Tether Gold (XAUT) stablecoin on TON as well.
The announcement ... | Stablecoin operator Tether is strengthening ties with Telegram’s Web3 ecosystem by launching its U.S. dollar-pegged USDT (USDT) stablecoin on The Open Network (TON).
Tether made the announcement on April 19, also revealing it would launch the gold-pegged Tether Gold (XAUT) stablecoin on TON as well.
At the same event, ... |
Ethereum liquid staking protocol Puffer Finance raises $18M in Series A | Puffer Finance, a liquid staking project built on Ethereum restaking protocol Eigenlayer, has secured $18 million in a Series A funding round to launch its mainnet.
According to the April 16 announcement, the round was led by Brevan Howard Digital and Electric Capital, with key investments from Coinbase Ventures, Krak... | Puffer Finance, a liquid staking project built on Ethereum restaking protocol Eigenlayer, has secured $18 million in a Series A funding round to launch its mainnet.
According to data from DefiLlama, shortly after its early test phase in February, Puffer Finance surpassed a total value locked (TVL) of $1.2 billion.
Sour... |
Bitcoin halving: Why it’s important for BTC scarcity | The fourth-ever Bitcoin halving occurred a few hours ago at the 840,000th block. The halving is considered the most important economic mechanism influencing Bitcoin (BTC) supply and creating scarcity for the asset.
The Bitcoin network’s fourth halving event, reduced block issuance rewards from 6.25 BTC to 3.125 BTC pe... | The halving is considered the most important economic mechanism influencing Bitcoin (BTC) supply and creating scarcity for the asset.
The Bitcoin network’s fourth halving event, reduced block issuance rewards from 6.25 BTC to 3.125 BTC per mined block, effectively slashing Bitcoin’s issuance rate in half.
The halving i... |
New Zealand tests the water on ‘digital cash’ issuance | The Reserve Bank of New Zealand (RBNZ) opened a 101-day public consultation on the principles and design options it created for the country’s digital dollar. However, the central bank plans to discuss the issuance of a central bank digital currency (CBDC) in future consultations.
The RBNZ has taken a four-stage approa... | However, the central bank plans to discuss the issuance of a central bank digital currency (CBDC) in future consultations.
The RBNZ has taken a four-stage approach to CBDC issuance and aims to issue an in-house digital dollar by 2023.
New Zealand’s central bank is in the second stage of its digital cash initiative, whi... |
Retail interest in crypto ‘quite low’ compared to last bull run — LunarCrush CEO | While Bitcoin and other digital asset prices are increasing, retail investors are not yet “believing the hype,” according to Joe Vezzani, the CEO of social media analysis platform LunarCrush.
Vezzani said that compared to the last major bull run, social interactions and overall retail interest are “still quite low.” I... | While Bitcoin and other digital asset prices are increasing, retail investors are not yet “believing the hype,” according to Joe Vezzani, the CEO of social media analysis platform LunarCrush.
Vezzani said that compared to the last major bull run, social interactions and overall retail interest are “still quite low.” In... |
Bitcoin gears up for a ‘massive’ short squeeze, price could go ‘vertical’ | As Bitcoin (BTC) toes around the $70,000 price mark, there’s speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving uptrends, potentially driving Bitcoin’s price to $80,000, according to an analyst.
“This is a textbook sign that shorts are being squeezed as we hit fres... | The Kobeissi Letter explained the main factor for the BTC short squeeze is the margin between institutional long positions and hedge fund short positions is “at a record high.”Institutions net long against hedge funds net short.
Source: X/The Kobeissi Letter“While hedge funds hold nearly 15,000 in net short contracts, ... |
EU enacts crypto regulations to combat money laundering | The European Parliament approved new regulations that establish formal due diligence obligations for cryptocurrency companies with the goal of combating money laundering.
The new laws are aimed at improving “due diligence measures and identity checks” for customers, extending to entities such as crypto asset managers.... | The European Parliament approved new regulations that establish formal due diligence obligations for cryptocurrency companies with the goal of combating money laundering.
The new laws are aimed at improving “due diligence measures and identity checks” for customers, extending to entities such as crypto asset managers.
... |
Crypto advocacy group claims stablecoin bill would ‘violate free speech rights’ | United States-based cryptocurrency advocacy organization Coin Center has expressed concerns about a bill recently introduced in the Senate to establish a regulatory framework and guardrails for payment stablecoins.
In an April 19 notice, Coin Center claimed that the Lummis-Gillibrand Payment Stablecoin Act — introduce... | United States-based cryptocurrency advocacy organization Coin Center has expressed concerns about a bill recently introduced in the Senate to establish a regulatory framework and guardrails for payment stablecoins.
In an April 19 notice, Coin Center claimed that the Lummis-Gillibrand Payment Stablecoin Act — introduced... |
Thailand’s biggest crypto exchange goes on hiring spree ahead of IPO | Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, is hiring financial advisers to facilitate its planned initial public offering (IPO) listing.
Bitkub aims to go public on the Stock Exchange of Thailand (SET) in 2025, CEO Jirayut Srupsrisopa told Bloomberg on April 1. The upcoming... | Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency exchange, is hiring financial advisers to facilitate its planned initial public offering (IPO) listing.
Bitkub aims to go public on the Stock Exchange of Thailand (SET) in 2025, CEO Jirayut Srupsrisopa told Bloomberg on April 1.
Based in Bang... |
Pro-XRP lawyer requests to be amicus curiae for Coinbase customers | Pro-XRP lawyer John Deaton has upheld his pledge to support customers of cryptocurrency exchange Coinbase by requesting to serve as a friend of the court in the exchange’s legal battle against the United States Securities and Exchange Commission (SEC).
In an April 19 filing in the United States District Court for the ... | “I am admitted or otherwise authorized to practice in this court and I appear in this case as counsel for 4,701 Coinbase Customers,” the filing stated.
During an April 18 podcast interview with Fox Business journalist Eleanor Terrett, Deaton suggested that his motivation for supporting the Coinbase customers was to pro... |
Microsoft AI to make long-term investments in the UK — CEO | Microsoft’s artificial intelligence (AI) arm is making a long-term bet on the United Kingdom as it launches its new AI hub in London.
In a blog post, Microsoft AI executive vice president and CEO Mustafa Suleyman said the company plans to invest long-term in the region. He wrote:
“There is an enormous pool of AI tale... | Microsoft’s artificial intelligence (AI) arm is making a long-term bet on the United Kingdom as it launches its new AI hub in London.
In a blog post, Microsoft AI executive vice president and CEO Mustafa Suleyman said the company plans to invest long-term in the region.
On March 19, Microsoft AI hired Suleyman to lead ... |
Is Bitcoin’s on-chain bull run momentum over? Indicator flashes red | Bitcoin (BTC) OGs appear to be gearing up to cash in on their gains ahead of the Bitcoin halving, according to a leading indicator popular among crypto traders.
An indicator called the Value Days Destroyed (VDD) Multiple recently spiked above 4.0, leading crypto commentators to speculate that the wider market could be... | Bitcoin (BTC) OGs appear to be gearing up to cash in on their gains ahead of the Bitcoin halving, according to a leading indicator popular among crypto traders.
An indicator called the Value Days Destroyed (VDD) Multiple recently spiked above 4.0, leading crypto commentators to speculate that the wider market could be ... |
Australian regulators bust unlicensed blockchain mining companies | Hundreds of Australian investors are more than 160 million Australian dollars ($104 million) out of pocket after three cryptocurrency mining companies, NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Ltd (collectively “NGS companies”) collapsed into liquidation.
According to an April 12 report, the Australian Se... | Hundreds of Australian investors are more than 160 million Australian dollars ($104 million) out of pocket after three cryptocurrency mining companies, NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Ltd (collectively “NGS companies”) collapsed into liquidation.
The NGS companies have been accused of targeting lo... |
Bitcoin mining revenue peaked at $107M on BTC halving day | Revenue earned from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings on Bitcoin halving day, 2024.
On April 20, Bitcoin miners earned a total of $107.7 million in mining rewards and transaction fees as community members willingly paid exorbitant fees to ... | Revenue earned from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings on Bitcoin halving day, 2024.
The previous all-time high revenue for Bitcoin miners was $78.7 million on March 11, when the Bitcoin price broke a new high of $71,415.
The Bitcoin halving... |
39% of Canada’s institutional investors have exposure to crypto: KPMG | Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed.
Nearly 40% of institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in KPMG’s 2021 study, the... | Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed.
Nearly 40% of institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in KPMG’s 2021 study, the ... |
Ethereum client diversity improves, non-Geth clients now account for 34% | The market share of Geth — a major Ethereum execution client — has fallen from a high of 84% in late January to 66% following Coinbase’s recent move to switch around half of its validators to Nethermind, though one commentator says that the fight for decentralization is far from over.
The reduced reliance on Geth help... | On March 22, Coinbase Cloud revealed that “roughly 50%” of its validators switched to Nethermind, which helped bump the execution client’s share up to 22%, according to Client Diversity.
Besu owns a 10% share of Ethereum validators, while Erigon — which is also being supported by Coinbase — has a 2% share, bringing the... |
10 days until halving: Bitcoin mining profitability won’t necessarily fall | Bitcoin mining profitability won’t necessarily fall after the upcoming Bitcoin halving, despite a 50% Bitcoin (BTC) supply issuance reduction, Laurent Benayoun, the CEO of Acheron Trading, told Cointelegraph in an interview:
“In dollar terms, it’s not obvious that miners would be worse off after the halving, quite the... | So all those elements are leading to an increase in network fees.”Bitcoin network fees are transaction fees paid to incentivize miners to include a transaction in the following block.
FOLLOW BITCOIN HALVING COVERAGE IN FULL HEREAverage Bitcoin transaction fees are currently at $4.88 per transaction, down from $16.13 pe... |
History of Crypto: The ICO Boom and Ethereum's Evolution | In this article, we will venture through one of the most transformative periods of crypto history, known as the initial coin offering (ICO) boom.
ICOs swept onto the crypto scene in early 2017, allowing thousands of new blockchain-based projects to rapidly raise significant amounts of capital by selling pre-released t... | In this article, we will venture through one of the most transformative periods of crypto history, known as the initial coin offering (ICO) boom.
Ethereum’s role in the ICO boomEthereum itself was initially funded through an ICO, raising a total of $18 million between July 22 and Sept. 2, 2014.
Similarly, the increased... |
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