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[INST] South Korea implements tougher rules for crypto exchange listings [/INST] South Korean financial authorities plan to release new guidelines imposing tighter regulations for token listings on centralized crypto exchanges by the end of April or, at the latest, early May. According to local media News 1, South Kor...
[INST] Bitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise exec [/INST] Bitwise chief investment officer Matthew Hougan said institutional investors would likely inject as much as $1 trillion into Bitcoin (BTC) through exchange-traded funds (ETFs) as they slowly move into crypto. In a memo sen...
[INST] How high can Bitcoin go? New BTC price prediction sees cycle top at $180K [/INST] Bitcoin (BTC) price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert. Bitcoin price top at $180K? The executive ant...
[INST] Polkadot active addresses hit record 600K [/INST] 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 t...
[INST] Crypto miners face energy refusal, restriction in Canadian provinces [/INST] The Canadian province of Manitoba has extended a moratorium on new requests to the government-owned Manitoba Hydro agency for electrical service for cryptocurrency operations. British Columbia (BC) had a similar suspension of service in...
[INST] Tarantino reportedly wanted to create a metaverse for ‘The Movie Critic’ [/INST] Director Quentin Tarantino wanted to create a metaverse for his 10th film featuring actors and characters from his catalog, including a 16-year-old version of himself. According to a report from The Hollywood Reporter, this Taranti...
[INST] Meta drops 15% on weak outlook and high AI and metaverse spending [/INST] Meta (META) shares dropped 15% in after-hours trading after a weak outlook for Q2 revenue and plans to “aggressively” ramp up spending in artificial intelligence (AI) this year — while its metaverse division is expected to continue to run ...
[INST] Solana devs target April 15 for failed TX fix — It’s ‘not a design flaw’ [/INST] 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 ...
[INST] Fantom CEO defends Solana amid network woes [/INST] Fantom network creator Andre Cronje has expressed support for the Solana network amid recent transaction failures. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi). According to a post on X by Cronje, some critic...
[INST] Germany’s largest federal bank to offer crypto custody services: Report [/INST] Update April 15, 11:30 am UTC: This article has been updated to include quotes from Bitpanda. Germany’s largest federal bank, the Landesbank Baden-Württemberg, will start offering cryptocurrency custody solutions in the second half ...
[INST] Bitcoin halving impact on altcoins [/INST] 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 r...
[INST] Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M of BTC [/INST] 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 twi...
[INST] Dmail co-founder says email must be decentralized and protect data sovereignty [/INST] The crypto market is hot, and prices have been in “up only” mode since the start of the year, but looking at the developments beyond Bitcoin and memecoins, the industry’s focus on decentralization remains intact, and for good ...
[INST] Bitkraft launches $275M gaming fund, bringing total managed assets to $1B [/INST] Bitkraft Ventures, a global investment platform for gaming and media projects, recently announced the launch of a $275 million investment round. Once completed, the added projects will reportedly bring the company’s total assets un...
[INST] Meta announces VR education metaverse for ages 13 and up [/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 th...
[INST] Make your code immutable to avoid jail, policy exec advises devs [/INST] Developers building decentralized applications (DApps) should ensure the backing smart contracts can’t ever be changed — that way, they’re less likely to be liable for scams occurring on the platforms, a policy executive claims. “From a re...
[INST] Ubisoft teases new blockchain game at Paris Blockchain Week [/INST] 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 ...
[INST] Chainlink aims to bolster cross-chain security via Transporter [/INST] Chainlink’s newly launched cross-chain messaging app aims to solve the pressing security concerns around cross-chain crypto transfers, a Chainlink spokesperson told Cointelegraph: “Chainlink CCIP, which underpins Transporter, is the only cro...
[INST] dYdX Chain halts production following scheduled network upgrade [/INST] Decentralized finance (DeFi) protocol dYdX has announced it is investigating a recent halt in block production as the chain underwent a scheduled upgrade. On April 8 at 5:30 am UTC, dYdX published a status report stating the chain was proce...
[INST] Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’ [/INST] United States President Joe Biden’s proposal to increase the capital gains tax rate to 44.6% for certain people — the highest rate in U.S. history — will likely be a “nothing burger” for the average crypto investor. Matthew Walrath, foun...
[INST] Bored Ape NFT floor price hits lowest point in over two and a half years [/INST] The floor price of Bored Ape Yacht Club (BAYC) nonfungible tokens (NFTs) has fallen over 90% from its peak, down to 11.1 Ether (ETH) — its lowest point since August 2021. BAYC is now approaching a sub-10-ETH floor price after a 50%...
[INST] Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023 [/INST] 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...
[INST] Railgun denies being used by North Korea as it nears $1B total volume [/INST] Crypto privacy protocol Railgun has denied being used by North Korea and other United States-sanctioned entities to launder cryptocurrency, arguing its zero knowledge-based tech prevents this and the accusations have “no evidence.” It...
[INST] Mystery malware targets Call of Duty cheaters, stealing their Bitcoin [/INST] A new flood of mystery malware has reportedly been targeting video gamers and draining their Bitcoin (BTC) wallets as part of a new info stealer campaign, which also has been targeting cheaters. Malware information repository vx-under...
[INST] Galaxy Digital reports $296M net income in 2023 after $1B loss in 2022 [/INST] Digital asset management firm Galaxy Digital has reported a net income of $296 million for 2023, marking a reversal in fortune after a disastrous 2022 with $1 billion in net loss. The change in fortune for the digital asset managemen...
[INST] FTX co-CEO Salame's sentencing moved to end of May [/INST] Sentencing for former FTX co-CEO Ryan Salame has been rescheduled for May 28, according to a filing in Southern New York District Court. It is unclear why his sentencing was postponed from the original date of May 1. Salame was one of the four FTX top m...
[INST] Sphere 3D’s legal issues escalate as Gryphon seeks to block $10M [/INST] 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 ...
[INST] TikTok parent company explores on-chain possibilities for Web3 gaming [/INST] BytePlus — the enterprise technology arm of ByteDance, TikTok’s parent company — has announced a move into Web3 through a strategic partnership with Mysten Labs, the developers behind the Sui layer-1 blockchain. In a statement on Apri...
[INST] Philippines SEC ‘can’t endorse’ ways to retrieve funds after Binance ban [/INST] In a local news report, Paolo Ong, the officer in charge of the SEC’s PhiliFintech Innovation Office, said that the SEC couldn’t endorse ways to retrieve funds after Binance is blocked by internet service providers (ISP) in the coun...
[INST] Bitcoin halving shows new users that ‘code is ultimately the law’ in crypto [/INST] As the Bitcoin halving marked another major milestone in the crypto space, leaders in the crypto community shared different perspectives on how the event would affect the different areas of crypto. On April 20, the Bitcoin netwo...
[INST] Digital asset inflows recover, but ETF activity is slowing down [/INST] Digital asset inflows into crypto investment products turned positive in the past week, with net inflows of $862 million compared to net outflows of $931 million a week prior. However, the popularity of spot Bitcoin exchange-traded funds se...
[INST] Crypto sleuth warns of scammers behind DeFi protocol [/INST] Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds. In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper F...
[INST] BitMEX co-founder must face suit over ‘God Access’ trading desk, judge rules [/INST] 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. ...
[INST] Magic Eden passed Blur as leading NFT marketplace in March: CoinGecko [/INST] Magic Eden, a Solana-based nonfungible token (NFT) marketplace, recorded its largest monthly trading volume in March, surpassing industry leader Blur. Its NFT trading volume spiked 194.4% in March to $756.5 million, while Blur margina...
[INST] Open-source Bitcoin education aims to spread global financial literacy [/INST] The El Salvador-based Bitcoin education initiative Mi Primer Bitcoin recently announced the launch of its updated Bitcoin Diploma program, with a new open-source approach. Mi Primer Bitcoin, or “My First Bitcoin,” began as a local ed...
[INST] Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police [/INST] The victims of an investment fraud scheme facilitated by an electronics company in China are looking to recover $4.3 billion in Bitcoin (BTC) bought with their money with the help of the United Kingdom government. A group rep...
[INST] Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis [/INST] The price of Bitcoin (BTC) briefly dropped below its critical $60,000 support level again on Friday, falling 5.44% in just two hours amid escalating geopolitical tension in the Middle East. On April 19, Bitcoin’s price briefly ...
[INST] GameFi airdrops are here to stay but won’t save a bad game: Execs [/INST] Despite lingering resistance from some gamers over “tokenomics,” gaming studios will most likely continue to use airdrops and other incentives to attract players, according to industry executives. “It’s a very easy way to get market share...
[INST] SushiSwap DAO backs transition to ‘Labs model’ in preliminary vote [/INST] Decentralized exchange SushiSwap has received a positive sign to move forward with a hotly debated plan for a less decentralized business model. According to a signal vote completed on April 10, more than 62% of voters supported the exch...
[INST] Weekend Wrap: Berachain raises $100M, Trump NFT sales dump and more [/INST] 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 ro...
[INST] Binance sued in Canada for securities law violations [/INST] Cryptocurrency exchange Binance has been slapped with a new class-action lawsuit in Canada, with plaintiffs alleging that the firm has violated local securities laws. Ontario’s Superior Court of Justice published a certification motion on April 19 for...
[INST] Ethereum boosts 8% amid ‘ultra-strong’ social and market activity [/INST] Ether (ETH) accelerated 8% in spot crypto markets on Monday amid an uptick in social sentiment and optimism among derivatives traders. Ether prices have gained around 8% over the past 24 hours, with the asset hitting an intraday high of $...
[INST] Pi Network reaches 10M KYC’d users, but token is still not tradeable [/INST] The Pi Network app now has more than 10 million users who have verified their identities by completing the Know Your Customer (KYC) process, according to an April 16 announcement. The Pi team has promised that it will launch a mainnet ...
[INST] Samsung secures $6.4B grant to expand Texas chip manufacturing: Report [/INST] Samsung will receive $6.4 billion worth of grants from the United States government to expand its chip manufacturing in Texas. The South Korean manufacturing conglomerate secured the grants in a broader effort to expand chip manufact...
[INST] Bitcoin supply to run out on exchanges in 9 months — Bybit [/INST] Bitcoin supply on cryptocurrency exchanges will dry up in nine months thanks to the 50% supply issuance reduction of this week’s upcoming Bitcoin halving. Provided that demand from the United States Bitcoin exchange-traded funds (ETFs) continues...
[INST] Shiba Inu memecoin raises $12M from institutional investors [/INST] Canine memecoin project Shiba Inu (SHIB) has raised $12 million from a private token sale of its not-yet-released TREAT utility and governance token. According to the April 22 announcement, investors include Comma 3 Ventures, Big Brain Holdings...
[INST] CFTC commissioner warns against infringing on SEC’s authority in KuCoin case [/INST] Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested that a recent “aggressive” crypto enforcement action could put the regulator at odds with the Securities and Exchang...
[INST] Pro-XRP lawyer requests to be amicus curiae for Coinbase customers [/INST] 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 Com...
[INST] IRS releases draft of 2025 digital asset reporting form for US taxpayers [/INST] The United States Internal Revenue Service (IRS), the country’s tax service, has released a draft of its new Form 1099-DA “Digital Asset Proceeds from Broker Transactions” for reporting income from digital asset transactions. The fo...
[INST] Australia poised for ‘inflection point’ of crypto demand — Kraken Aus MD [/INST] Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a Kraken Australia executive. Speaking to Cointelegraph on ...
[INST] Solana open interest sheds nearly $440M as price slumps 11% [/INST] Solana open interest (OI) and its price have declined in the past 24 hours, mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.” On April 14, OI in Solana’s...
[INST] Korean won becomes world’s most traded fiat for crypto traders: Report [/INST] The South Korean won became the world’s most-traded fiat currency against cryptocurrencies in the first quarter of 2024. The won accounted for over $456 billion worth of trading volume on centralized crypto exchanges, topping the $45...
[INST] How blockchain-based voting can restore trust in the electoral process [/INST] Blockchain-based voting systems could foster more transparency and public trust in the election process, according to Brian Rose, an independent mayoral candidate in London and the host of the London Real podcast. Rose told Cointeleg...
[INST] IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies [/INST] The International Monetary Fund (IMF) believes that digital money, both private and public, could help the world’s most remote and dispersed nations in the Pacific Ocean to raise financial inclusion and the quality of financial serv...
[INST] NASA created VR metaverse to prep astronauts for life on lunar space station [/INST] While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for life aboard a lunar space station tha...
[INST] Novogratz’s Galaxy Digital raising $100M to fund crypto startups: Report [/INST] Mike Novogratz’s crypto conglomerate Galaxy Digital is reportedly in the starting stages of raising a $100 million venture fund targeting early-stage crypto startups, with most of the cash set to come from other investors. Its vent...
[INST] DEX adoption needs greater capital efficiency — PancakeSwap product lead [/INST] Decentralized finance (DeFi) needs greater capital efficiency to increase the market share of decentralized exchanges (DEXs), according to PancakeSwap. Chef Momo, the pseudonymous product manager of the DEX, told Cointelegraph: “S...
[INST] PAXG hit new high amid Middle East tensions, raising questions about Bitcoin [/INST] 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 gol...
[INST] Nigeria launches first multilingual large language model in Africa [/INST] 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 artificia...
[INST] Reversing layoffs of 2022? Crypto exchanges are adding staff members [/INST] Crypto.com CEO Kris Marszalek reportedly said the exchange has been adding people to its staff in a move that could increase the number of employees by roughly 1,400. According to an April 16 Bloomberg report, Crypto.com, Binance, Coin...
[INST] Web3 developer Community Labs pledges $35M for Arweave ecosystem accelerator [/INST] Community Labs, a company specializing in Web3 software development, is set to launch a 10-week incubator program called AO Ventures focusing on the Arweave ecosystem, with an initial investment of $35 million. The program, sch...
[INST] Uniswap price tanks 10% as team vows to fight SEC threat [/INST] Uniswap (UNI), the token for the decentralized exchange of the same name, sunk to a six-week low after Uniswap said it received a proposed lawsuit notice from United States regulators — which it is “ready to fight.” UNI dropped 10% from $11.21 to ...
[INST] Solana's mainnet beta update v1.17.31 aims to resolve congestion issues [/INST] 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 recommende...
[INST] Spot Bitcoin ETFs regain traction, posting $418M net inflows [/INST] Fresh capital is flowing back into United States spot Bitcoin (BTC) exchange-traded funds (ETFs) following a five-day span of consecutive net outflows. Led by strong inflows into BlackRock’s and Fidelity’s funds, the 10 recently approved spot ...
[INST] Binance exec remains in jail as bail appeal fails again [/INST] A Federal High Court in Abuja, Nigeria has once again postponed the bail application hearing for Binance executive Tigran Gambaryan, who remains in custody at the Kuje correctional center. Originally set for April 18, the court has rescheduled the ...
[INST] SEC defers decision on Bitwise, Grayscale Bitcoin ETF options [/INST] The United States securities regulator has delayed its decision on whether to allow the New York Stock Exchange to offer options trading on spot Bitcoin (BTC) ETFs. According to the April 8 filing, the Securities and Exchange Commission’s pus...
[INST] Microsoft AI to make long-term investments in the UK — CEO [/INST] 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...
[INST] Indonesia to implement regulatory sandbox for crypto assets [/INST] The Indonesian Financial Services Authority (OJK) said that local financial services institutions offering new products and services must be included in the regulatory sandbox or leave room for testing upcoming innovations, including crypto asse...
[INST] $2.7T general insurance industry meets tokenized RWAs: Nayms joins Cointelegraph Accelerator [/INST] Cointelegraph has announced that Nayms, an on-chain insurance marketplace that matches brokers and underwriters with crypto capital providers, has joined the Cointelegraph Accelerator program. The insurance indu...
[INST] South African exchange VALR wins dual crypto licenses [/INST] South African cryptocurrency exchange VALR has been granted new crypto asset service provider (CASP) licenses from the Financial Sector Conduct Authority (FSCA) following new requirements for industry firms. VALR — which secured $55 million of equity...
[INST] Crypto liquidity firm GSR secures MPI license in Singapore [/INST] Crypto trading firm and liquidity provider GSR Markets received its full major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). On April 4, GSR reportedly secured the license after receiving an in-principle appro...
[INST] US gov’t among states with largest Bitcoin holdings — Arkham [/INST] 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 entitie...
[INST] BlackRock smashes $10.5T record in Q1 managed assets [/INST] Major Bitcoin (BTC) investor BlackRock continues to build momentum, posting another successful quarter of income and managed assets. BlackRock issued its financial results for the first quarter of 2024 on April 12, reporting a record $10.5 trillion in...
[INST] BlackRock, Grayscale have to wait for SEC’s spot ETH ETF decisions [/INST] The United States Securities and Exchange Commission (SEC) will delay its decisions on the BlackRock and Grayscale applications for spot Ether (ETH) exchange-traded funds (ETFs). The SEC released notices of the delay in the Grayscale deci...
[INST] Blockchain for Good Alliance launches at Blockchain Life Dubai [/INST] The Blockchain for Good Alliance (BGA) announced its official launch on April 15, at the Blockchain Life Dubai event. Describing itself as a “collaborative network of organizations, projects, and individuals committed to leveraging blockchai...
[INST] US senators introduce new stablecoin bill [/INST] United States Senators Kirsten Gillibrand and Cynthia Lummis have introduced legislation establishing a regulatory framework for payment stablecoins. In an April 17 announcement, the two U.S. Senators said they had introduced the Lummis-Gillibrand Payment Stable...
[INST] Is Bitcoin’s pre-halving retrace over? 52K BTC accumulated on Sunday alone [/INST] Bitcoin’s (BTC) pre-halving retrace may already be over following one of the largest accumulation days in years, which saw Bitcoin reclaiming the $71,000 price level. On March 25, blockchain analytics firm Santiment reported that...
[INST] Dogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tight [/INST] Dogwifhat (WIF), a Solana-based memecoin, became the third-largest memecoin by market capitalization on March 29, surpassing Pepe (PEPE). WIF price surpasses $4, largest whale not selling The price of Dogwifhat hit a ...
[INST] ‘Penny hasn’t dropped’ for Australia’s next crypto unicorns — Coinbase APAC MD [/INST] Australia is primed for its next wave of crypto “unicorns” — startups with a billion-dollar valuation — but not until there is more regulatory clarity around crypto, according to Coinbase’s APAC managing director John O’Loghle...
[INST] Coinbase secures restricted dealer license in Canada [/INST] Update April 4, 14:00UTC: This article has been updated to include quotes from Coinbase. The United States-based cryptocurrency exchange Coinbase has secured restricted dealer licenses in Canada, doubling down on global expansion amid regulatory crack...
[INST] Aave launches proposal to counter MakerDAO DAI expansion risk [/INST] Lending protocol Aave launched a new Aave Risk Framework Committee (ARFC) proposal to adjust the risk parameters of the Dai (DAI) stablecoin. The Aave Chan Initiative (ACI) team put forward the proposal, suggesting that DAI’s loan-to-value ra...
[INST] Bitget exchange volume topped $1.6T in Q1 [/INST] Futures and spot volume on crypto exchange Bitget topped $1.4 trillion and $160 billion in the first quarter, growing substantially from the $658 billion in futures trading volume and $59 billion in spot trading volume, respectively, in Q1 of 2023. According to ...
[INST] Biden signs ‘terrifying’ bill giving US agencies more spying power [/INST] United States President Joe Biden has signed off on a controversial bill that expands the surveillance powers granted to U.S. government agencies, which critics worry could severely impact the privacy of American citizens. On April 20, t...
[INST] Crypto.com gets green light to trade in Dubai [/INST] Crypto.com’s Dubai-based entity, CRO DAX Middle East FZE, has secured full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA), making it the first crypto exchange to be allowed to operate with fiat currency in the United Arab Emirate...
[INST] Bybit crypto exchange launches trading platform in the Netherlands [/INST] Bybit, one of the world’s largest cryptocurrency exchanges by trading volumes, is expanding operations in Europe after facing regulatory scrutiny in Hong Kong. On March 28, Bybit officially announced the launch of its digital asset platf...
[INST] Crypto exchange insurance funds surge more than $1B amid bull market [/INST] The top crypto exchange insurance funds have surged in value by more than $1 billion amid the ongoing crypto bull market. As of April 3, the Bitcoin (BTC), BNB (BNB), Tether (USDT) and TrueUSD (TUSD) balances constituting crypto exchan...
[INST] Firm behind world’s fastest Bitcoin miner raises another $80M [/INST] Auradine, a tech startup specializing in web infrastructure and cryptocurrency mining hardware and software solutions, announced the successful completion of a Series B funding round worth $80 million on April 10. Funding was joined by previo...
[INST] Yuga Labs offloads 2 NFT games amid effort to ‘unshackle’ BAYC team [/INST] Yuga Labs, the firm behind NFT collection Bored Ape Yacht Club (BAYC), has offloaded the intellectual property (IP) for two of its games, HV-MTL and Legends of the Mara, in line with a previously announced effort to refocus the organizat...
[INST] Billionaire’s suit over scam crypto ads on Meta dismissed in Australia [/INST] A suit filed by Australian mining billionaire Andrew “Twiggy” Forrest against Meta has been dropped by the District Court of Western Australia. Forrest claimed that scam crypto ads on Meta platforms bearing his image led to big losses...
[INST] Crypto traders bet $2.4M on spot Ether ETF decision [/INST] 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 plac...
[INST] Hashdex’s new spot Bitcoin ETF to begin US trading on Wednesday [/INST] Asset manager Hashdex is officially joining the spot Bitcoin (BTC) exchange-traded fund (ETF) market in the United States after completing the conversion of its futures ETF to hold spot Bitcoin. In a March 26 announcement, Hashdex said it h...
[INST] Coinbase shares slump, but Base revenue signals it’s undervalued — Analyst [/INST] Coinbase (COIN) shares have plummeted 16% over the past five days, mirroring broader volatility in the crypto and stock markets, though one analyst suggests that investors may not be seeing the potential buying opportunity. “The ...
[INST] Crypto users propose dropping lawsuit against Sam Bankman-Fried to pursue FTX influencers [/INST] A group of cryptocurrency users has reached an agreement with former FTX CEO Sam “SBF” Bankman-Fried as part of a class-action lawsuit filed in Florida. In an April 19 filing in United States District Court for the...
[INST] Phishing scam thefts on Base are up 1,900% from January — Scam Sniffer [/INST] 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 M...
[INST] Bitcoin Cash open interest surges past $700M ahead of BCH halving [/INST] Bitcoin Cash (BCH) is currently trading at $574.84, having jumped 9.06% over the past 24 hours as the second-ever BCH halving event is set to take place next week. Traders appear to be heavily securing their positions in anticipation of t...
[INST] Elizabeth Warren supports enhanced US sanction options for stablecoins [/INST] United States Senator Elizabeth Warren has sent a letter to Treasury Secretary Janet Yellen commenting on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. She pursued the same line of...
[INST] Crypto game Munchables on Blast exploited for $63M [/INST] A nonfungible token (NFT) game called Munchables, built on Ethereum layer-2 blockchain Blast, has suffered a $62-million exploit. Munchables announced it had been compromised in a March 26 X post at 9:33 pm UTC and said it was tracking the exploiter’s m...
[INST] Arrested Binance exec pleads not guilty to charges in Nigeria [/INST] According to local reports, detained Binance executive Tigran Gambaryan has pleaded not guilty to four money laundering charges in Nigeria. After being arrested in Nigeria in late February, Gambaryan proclaimed his innocence in a courtroom on...
[INST] AMPL depositors complain of frozen funds on Aave [/INST] Depositors of Ampleforth’s AMPL stablecoin are complaining of frozen funds on popular decentralized finance (DeFi) borrowing and lending protocol Aave due to a lending pool shortfall. The issue, which has left AMPL depositors unable to withdraw their asset...
[INST] Lower ETF demand, unrealized gains may weigh on BTC selling pressure post-halving [/INST] A slowdown of inflows to spot Bitcoin exchange-traded funds (ETFs) combined with a high volume of unrealized gains from traders could lead to bearish pressure on the Bitcoin price after the upcoming halving event. Accordin...