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Biden signs ‘terrifying’ bill giving US agencies more spying power | 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, the U.S. Senate voted 60–34 in favor of passing legislation that reauthorizes, exte... |
Memes are creating a ‘Cambrian explosion’ of crypto onboarding: Base creator | Base creator Jesse Pollak believes memes will be key to onboarding millions of users to his Coinbase-adjacent layer-2 network, which has already tripled in total value locked (TVL) since March.
During a memecoin hackathon in New York on April 20, Pollak said memes are an important part of the on-chain economy, adding ... |
ZKasino users fuming as $33M in promised refunds are instead sent to Lido | Blockchain-based gambling project ZKasino is being slammed on X for moving $33 million worth of investor and user funds to staking protocol Lido — a sudden change from its original plan to return the funds.
In an April 20 blog post, ZKasino announced its network had gone live. More than 10,000 users who had bridged a ... |
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... |
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 ... |
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 ... |
Bitcoin fees crash after record daily average of $128 on halving day | The average fees paid on Bitcoin have sharply fallen just a day after reaching a record average of $128 on April 20 — the day of the fourth Bitcoin halving.
As of April 21, Bitcoin (BTC) fees have fallen to an average of $8–$10 for medium-priority transactions, according to mempool.space.
Average daily transaction fe... |
‘Penny hasn’t dropped’ for Australia’s next crypto unicorns — Coinbase APAC MD | 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’Loghlen.
“I don’t think the penny’s dropped in Canberra or on the high street in terms of just how ... |
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... |
Hong Kong investment firm Victory Securities reveals Bitcoin and Ether ETF fees | Hong Kong-based investment firm Victory Securities has reportedly disclosed its proposed fees to investors for Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) following the recent approval of cryptocurrency ETF products within the region.
The announcement comes even though the Hong Kong Securities and Futur... |
Grayscale’s Mini Bitcoin ETF ‘cheap’ fees are ‘hypothetical’ — analysts | Grayscale Investments has declared its upcoming “mini” version of the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) will be almost a tenth cheaper than the current GBTC fees, making it the most cost-effective option among the approved spot Bitcoin ETFs.
However, investors shouldn’t get their hopes up yet, ... |
Binance tax evasion trial moved to May 17 in Nigeria | The tax evasion trial in a Nigerian court involving cryptocurrency exchange Binance and two of its executives has been adjourned to May 17. This delay occurred because the exchange had not yet been formally served with the charges.
According to local news agency BusinessDay, the Federal Inland Revenue Service (FIRS) h... |
The 2024 Bitcoin halving is the “most bullish” setup for BTC price | The fourth-ever Bitcoin halving, which occurred on April 20, could give rise to the “most bullish” Bitcoin cycle, based on historical chart patterns combined with the presence of spot Bitcoin exchange-traded funds (ETFs).
For the first time in crypto history, Bitcoin's (BTC) price reached a new all-time high of above ... |
USA to forge AI partnership with Nigeria for economic growth | The United States of America (U.S.A) and Nigeria are poised to engage in discussions on the digital economy, emerging technology, and the advancement of artificial intelligence (AI) to explore potential partnership opportunities.
During the closing ceremony of a four-day Workshop on National Artificial Intelligence St... |
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... |
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... |
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.... |
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 ... |
Bitcoin halving hype breaks week-long ETFs outflow streak | Bitcoin (BTC) investments in the United States exchange-traded funds (ETFs) market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain.
Anticipating an increase in market value post-halving, investment strategies worldwide recommended adding Bitcoin to existing ... |
Where will Bitcoin's price be at the next halving in 2028? | Saturday’s Bitcoin (BTC) halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.
Despite miners being technically paid less for their efforts in securing the network, halving even... |
Bitcoin mining stocks saw spikes across the board ahead of halving event | Several Bitcoin (BTC) mining firms listed on the Nasdaq stock exchange closed the trading week with a noticeable 24-hour increase in share prices in the lead-up to the Bitcoin halving event.
On April 20, Bitcoin celebrated its fourth-ever halving event, and the date was likely firmly marked in the calendars of Bitcoin... |
Bitcoin users spend record $2.4M in fees on halving block | Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block.
At 12:09 m UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts mi... |
Bitcoin halving 2024 — Done and dusted! | Bitcoin successfully went through its fourth halving event after its 840,000th block was mined. The event slashes mining rewards in half.
The event has the crypto community eagerly awaiting what’s next for the Bitcoin (BTC) price, with some predictions reaching as high as $250,000.
At the time of publication, Bitcoin... |
Here’s where you can catch the Bitcoin halving live | Update (20/04/2024 12:11 UTC): Bitcoin has successfully gone through its fourth-ever halving event.
Bitcoin (BTC) is now just moments away from its fourth-ever halving event since its inception — due to happen on April 20 when Bitcoin’s block height reaches 840,000.
From crypto exchanges to influencers and popular po... |
Crypto users propose dropping lawsuit against Sam Bankman-Fried to pursue FTX influencers | 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 Southern District of Florida, plaintiffs who sued FTX influencers in 2022 announced they had reached a s... |
IRS releases draft of 2025 digital asset reporting form for US taxpayers | 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 form is expected to come into use in 2025 for reporting in 2026.
A broker will prepare Fo... |
Here’s how crypto game Notcoin onboarded over 30M users — founder | The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game.
In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release. Compared to another popular blockchain-... |
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... |
Institutional adoption in blockchain and crypto at its highest point, says Blockdaemon strategist | Blockdaemon’s Barnaby Hodgkins recently sounded off on the future of the blockchain/cryptocurrency sector at the Token2049 event on April 20 in Dubai.
Despite a freak storm delivering the most rainfall the United Arab Emirates has seen in some 75 years, attendees were able to brave the weather.
Hodgkins, Blockdaemon’... |
ETH restaking drives DeFi TVL to $100B, Solana releases patch for network congestion: Finance Redefined | Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The rise of total value locked (TVL) in DeFi protocols above $100 million was aided by the Ethereum liquid restaking in the first q... |
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... |
New Telegram mini-apps will be so convenient users won’t know it’s crypto | Telegram’s 900 million users will be able to make peer-to-peer interactions seamlessly as the messaging app incorporates mini-apps and the Tether (USDT) stablecoins. Many users will interface with crypto for the first time and not even notice it.
Developers will also benefit as they launch ecommerce, paywalled content... |
Binance launches ‘Megadrop’ early access program for Web3 rewards | Cryptocurrency exchange Binance recently launched an early access incentive and rewards program for Web3 users featuring airdrops and quests.
Dubbed “Megadrop,” the new program is a token launch platform where users “can subscribe BNB to Locked Products and/or complete tasks in their Web3 Wallet for early access to re... |
History of Crypto: The future of crypto exchanges, regulatory battles, and governance | Welcome to the History of Crypto, a Cointelegraph series that brings readers back to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community members to explore and look back at the important events that shaped the industry into what it is today.
This article explores th... |
Telegram commits to TON blockchain, plans to support tokenized emojis and stickers NFTs | Telegram founder Pavel Durov has committed the messaging application's future to blockchain technology, announcing major plans to tokenize features, share ad revenue with users and onboard Tether’s stablecoin at Token2049.
Speaking in front of a packed house in Dubai, Durov sang the praises of blockchain’s ability to ... |
Bitcoin halving puts focus on crypto education initiatives | Over the last couple of months, the crypto world has been abuzz with anticipation for the upcoming Bitcoin halving event.
This pivotal moment, expected to occur on April 20 (based on the UTC time standard), will once again cut the reward for mining new Bitcoin blocks in half, further reducing the supply of the world’s... |
DeFi platform Hedgey Finance hit by $44 million exploit | Hedgey Finance, a token infrastructure platform, has suffered two parallel exploits amounting to a total of $44.7 million worth of lost funds.
Hedgey suffered an exploit worth over $42.8 million Arbitrum (ARB) tokens on the Arbitrum network, according to an April 19 X post by on-chain security firm Cyvers. The attacke... |
Crypto community triumphs: Token2049 attendees brave Dubai storms | Despite the difficulties faced by crypto community members who flew to the United Arab Emirates for Token2049, the number of attendees who persevered surprised leaders and executives who came to the event.
Bus stuck in the middle of the road. Source: Cointelegraph
On April 18, attendees were met with blocked roads an... |
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... |
Scammers exploit Google platform to promote phishing site | Google appears to be promoting a malicious crypto website that directs users to a phishing website clone that drains users’ crypto through Google Ads, an online advertising platform enabling businesses to showcase ads on Google’s search engine results pages.
According to a report by BleepingComputer, threat actors hav... |
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... |
What are memecoins good for? Social signaling, says Avalanche founder | Love them or hate them, memecoins are all the rage in 2024. Despite the inherent risks of aping a new coin, Avalanche founder Emin Gün Sirer believes they are bringing value and new users into the cryptocurrency ecosystem.
Speaking exclusively to Cointelegraph report Ezra Reguerra at Token2049 in Dubai, Gün Sirer weig... |
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 ... |
Why financial infrastructure needs to be open-source — Hyperledger | Open-source governance and development tools remain prerequisites for governments, organizations and financial institutions that want to leverage blockchain technology.
Speaking exclusively to Cointelegraph at Paris Blockchain Week, Hyperledger executive director Daniela Barbosa discussed why open-source blockchain te... |
Binance exec remains in jail as bail appeal fails again | 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 hearing for April 22, according to local news agency Nairametrics.
Dur... |
Bitcoin ransomware Akira drains $42M from more than 250 companies: FBI | Akira, a year-old ransomware group, breached more than 250 organizations and extracted approximately $42 million in ransomware proceeds, top global cybersecurity agencies alerted.
Investigations conducted by the United States Federal Bureau of Investigation (FBI) found that Akira ransomware has been targeting business... |
Blockchains should make money move like email — Stellar Development Foundation CEO | Blockchain protocols must allow financial assets to move seamlessly across traditional and on-chain infrastructures to achieve mainstream adoption.
Denelle Dixon, CEO of Stellar Development Foundation (SDF), hammered home this crucial point in a conversation with Cointelegraph during Paris Blockchain Week.
“From the ... |
SEC says Justin Sun ‘traveled extensively’ to US, giving sway to lawsuit | The United States Securities and Exchange Commission has rejigged its lawsuit against Tron founder Justin Sun, claiming he’s “traveled extensively” throughout the country — thus giving it jurisdiction.
The regulator argues it has “personal jurisdiction” over Sun, Tron and two other businesses he controls, as they “pur... |
Mark Zuckerberg says Meta wearables that read brain signals are coming soon | Meta CEO Mark Zuckerberg has hinted his firm is making progress on its first “consumer neural interfaces,” non-invasive wearable devices that can interpret brain signals to control computers.
“One of the things that I’m pretty excited about — I think we’ll start getting some consumer neural interfaces soon. I think th... |
Coinbase shares slump, but Base revenue signals it’s undervalued — Analyst | 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 street isn’t really pricing in the crypto native revenue that I think a lot of the crypto ... |
Ethereum on track for $1B annual profit as DeFi drives Q1 revenue | Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.
The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 ... |
Degen Chain L3 now tops the TPS charts within the Ethereum ecosystem | Degen Chain, a new Ethereum layer-3 network, has recorded the highest transaction per second (TPS) count in the Ethereum ecosystem over the last 24 hours.
Degen’s TPS count increased 62% over the last day to notch 35.7 TPS — beating out the blockchain it was built on, Base, at 29.7 TPS, according to L2BEAT.
Arbitrum ... |
Ethereum liquid restaking drove DeFi TVL to $100B in first quarter | Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research.
DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion ... |
Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis | 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 slumped down to $59,698 before quickly recovering to $61,352. It’s a crucial breakdown to no... |
Bitcoin hodlers moved $1.7B into ‘accumulation’ wallets during the BTC dip | Hardcore Bitcoin (BTC) holders added a record $1.7 billion worth of BTC to ‘accumulation’ wallet addresses in a single day as the price of Bitcoin fell below $63,000 earlier this week.
More than 27,700 BTC — worth $1.75 billion at current prices — was sent to accumulation addresses in a single 24-hour period between A... |
Bitcoin fees top Ethereum for 3 days in a row as halving approaches | Fees on Bitcoin have surpassed Ethereum for three consecutive days as miners and traders prepare for the upcoming Bitcoin halving and, to a lesser extent, the introduction of Runes on Bitcoin.
Bitcoin (BTC) miners cashed in $7.47 million in fees on April 17 — about $160,000 more than the $7.31 million paid to Ethereum... |
OneCoin lawyer gets bail pending appeal for conviction and 10-year sentence | Mark Scott, a lawyer connected to the OneCoin crypto scheme recently convicted for fraud and money laundering, has been granted bail pending an appeal of his case.
In an April 18 filing in United States District Court for the Southern District of New York, Judge Edgardo Ramos approved bail for Scott three months after... |
Blockchain data-availability protocol Avail announces 600M token airdrop | Avail, a Web3 infrastructure layer built using Polygon’s software development kit, will be airdropping 600 million of its native AVAIL tokens to users.
“The Unification Drop is a unifying force bringing different communities together, rewarding developers, governance contributors, technical educators, rollup users, st... |
DAO acquires rights to the image behind the Doge meme | Own The Doge, the decentralized autonomous organization (DAO) associated with the Shiba Inu meme behind the Dogecoin (DOGE) token, announced that it had secured legal rights to the iconic image.
Speaking to Cointelegraph on April 17, Own The Doge project leaders John Monarch and ‘Tridog’ said they had negotiated a dea... |
Meta launches ‘most capable openly available LLM to date,’ rivaling GPT and Claude | Meta raised the artificial intelligence (AI) bar on April 18 by announcing that its newest large language model, Llama-3, is the “most capable” and “best open source model” currently available.
The company’s statements surrounding the general availability of Llama-3, as well as a new standalone “Meta AI” portal, has t... |
Binance co-founder He Yi says CZ received ‘most optimal outcome’ | Former Binance CEO Changpeng Zhao, often known as CZ, is in a “positive situation,” according to the cryptocurrency exchange’s co-founder He Yi. CZ is set for sentencing in the United States on one felony charge on April 30.
Yi “dispelled concerns over the regulatory status” at the Binance Chinese Meetup held on the s... |
Mango Markets exploiter found guilty after jury deliberations | A jury has found Avraham “Avi” Eisenberg, the crypto user responsible for a $110 million exploit of the Mango Markets decentralized exchange, guilty of fraud and market manipulation.
In an April 18 ruling in United States District Court for the Southern District of New York, a group of jurors announced that Eisenberg ... |
Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent | A team of Hollywood and gaming luminaries has joined forces to launch a AAA Web3 games publisher in the United Arab Emirates.
Dubbed Galactic Entertainment Publishing, the recently launched venture represents the first arm of parent company Galactic Group.
The firm’s inaugural endeavor, PlanetQuest, has been in activ... |
Canada to begin implementing international crypto tax reporting standard | According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026. The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027.
The CARF would impose new reporting requireme... |
BRC-20 tokens bleed ahead of Bitcoin halving as trader focus shifts to Runes | The two largest BRC-20 tokens saw over 40% declines on the weekly chart, days ahead of the Bitcoin halving. Meanwhile, traders are shifting their focus to Bitcoin Runes, a new token standard on Bitcoin that makes it easier for users to create fungible tokens.
ORDI and SATS down over 40% ahead of the halving
BRC-20 to... |
Welcome to the future where on-chain robots serve coffee and crypto rewards | The future is here and it has arrived in the form of a fully-automated robot serving coffee and sprinkled-topped ice cream all powered by blockchain technology.
Deployed at Token2049 in Dubai, Peaq, a layer-1 blockchain for DePIN and Machine RWAs (real-world assets), alongside XMAQUINA and ELOOP, launched a live demon... |
Nigeria’s crypto reputation will prevail despite recent setbacks — Exchange exec | Nigeria’s global reputation in cryptocurrency is in potential jeopardy due to recent government crackdowns on local exchanges. However, Oladotun Wilfred Akangbe, the chief marketing officer of the Flincap crypto exchange, believes the country can weather the storm.
In an interview with Cointelegraph, Akangbe expressed... |
BlackRock ETF close to overtaking Grayscale, despite second-lowest daily inflows | BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), is slowly approaching the market share of Grayscale’s Bitcoin Trust ETF (GBTC).
BlackRock’s IBIT recorded the second-lowest daily inflows of $24.9 million on April 17, compared to its lowest day of $20.4 million worth of inflows on ... |
Bitcoin halving could ‘indirectly’ affect cryptocurrency regulation | The additional scrutiny around the Bitcoin (BTC) halving event could have an indirect effect on its future regulation.
This is according to Natalia Latka, policy director and regulatory affairs at blockchain analysis firm Merkle Science.
“While there is no direct impact on regulations or regulators’ approach, the eco... |
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, ... |
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... |
OKX, Binance and Bybit monthly volumes tripled since late 2023 | A new report says trading volumes on global centralized cryptocurrency exchanges (CEX) like Binance have spiked significantly since late last year.
According to data from the Bybit Institutional Report 2024, many CEXs at least tripled their monthly trading volumes from October 2023 to March 2024.
Released on April 18... |
Tokenized asset market could hit $16T on public blockchains — RippleX VP | Traditional finance (TradFi) firms have warmed up to the idea of tokenizing financial assets on public blockchains as the race toward blockchain-based tokenization heats up.
According to RippleX senior vice president Markus Infanger, TradFi players are finally bringing financial assets on-chain as they look to deploy ... |
Arkansas house passes bills restricting crypto mining | The Arkansas State House has passed two bills that could restrict cryptocurrency mining within the state. Although these bills have not yet evolved into full-fledged laws, they lay the groundwork for further discussions leading to potential legislation.
In a Senate hearing on April 17, lawmakers sought to address gene... |
Sweden demands $90M in outstanding tax from crypto miners | Swedish crypto miners owe over $90 million in taxes after government investigations revealed four years of misappropriations.
The Swedish Tax Agency —Skatteverket — investigated the operations of 21 crypto-mining firms between 2020 and 2023. The investigation revealed that 18 crypto-mining firms filed “misleading or i... |
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 to return to India after paying $2M fine for non-compliance: Report | Binance crypto exchange is set to return to India after a four-month ban by paying a $2-million fine for non-compliance, according to a report published in The Economic Times.
Binance will be the second overseas exchange after KuCoin to mark a return to the country after India’s financial regulatory body blocked acces... |
Omni Network token falls 55% after airdrop, fake token completely rugs | The Omni Network’s ERC-20 token OMNI dropped over 55% nearly 18 hours after its airdrop, shaving off over half its market capitalization.
Meanwhile, a fake token sporting the same name has just been “rug pulled,” with its price dumping 100%.
The layer-1 testnet blockchain aiming to connect Ethereum rollups doled 3 mi... |
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... |
Yuga Labs offloads 2 NFT games amid effort to ‘unshackle’ BAYC team | 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 organization.
In an April 17 post to X, Yuga Labs announced that Web3 gaming studio Faraway... |
Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case | Former Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting North Korea in using blockchain technology, has requested a sentence reduction.
The plea was made in a letter from Glen Garrett McGorty and Alexander Urbelis, attorneys representing Virgil Griffith, to Judge Kevin Ca... |
Gary Gensler’s resignation ‘troll’ post disappoints Crypto X | United States Securities and Exchange Commission (SEC) Chair Gary Gensler duped more than a few X users into believing he was resigning from the SEC on Wednesday — before saying he was “not done.”
“It’s been an honor to serve as [SEC] Chair. Over the past 3 years, I’ve seen firsthand how the incredible staff at the SE... |
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... |
Bitcoin halving searches on Google is at its highest point ever | The level of interest in the Bitcoin halving on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020.
Search interest for the term “Bitcoin halving” has already reached a score of 45, according to Google Trends data, with Google predict... |
Magic Eden passed Blur as leading NFT marketplace in March: CoinGecko | 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 marginally increased to $530.4 million, according to CoinGecko’s Q1 2024 report, published o... |
Elizabeth Warren supports enhanced US sanction options for stablecoins | 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 thought as she did during the hearing — Anti-Money Laundering and Combating the Finan... |
Mango Markets exploiter trial heads to jury | A jury has begun deliberations for charges related to market manipulation and fraud following an alleged $110 million exploit of the Mango Markets decentralized exchange by Avraham “Avi” Eisenberg.
On April 17 in United States District Court for the Southern District of New York, Judge Richard Berman excused the jury ... |
Bitcoin slips below $60K, but some traders aren’t turning bearish on BTC just yet | Bitcoin price briefly fell below $60,000 only a few days before the much-anticipated Bitcoin halving. Yet, many traders remain optimistic about Bitcoin’s long-term price outlook based on historical chart patterns and institutional inflows.
Bitcoin remains in pre-halving “danger zone”
Despite the recent price correcti... |
Pi Network reaches 10M KYC’d users, but token is still not tradeable | 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 and that its tokens will become tradeable if a series of milestones are reached, inc... |
Pro-crypto Super PAC backs winners of Democratic primaries for House seats | A political action committee (PAC) used $3.7 million toward Democratic candidates in Alabama and Texas for the race to win seats in the United States House of Representatives starting in 2025.
In an April 16 runoff between Democratic candidates to represent Alabama’s 2nd Congressional District, Shomari Figures defeate... |
MeWe social network boss says blockchain can solve the TikTok problem | MeWe chairman and CEO Jeffrey Edell recently penned an op-ed detailing how he believes the situation between the United States government and China’s TikTok could be avoided by implementing blockchain technologies.
Edell is in the unique position of helming a social media company with reportedly more than 20 million u... |
Bored Ape floor price sinks, NASA training astronauts in the metaverse: Nifty Newsletter | Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.
Read about how NASA uses virtual reality (VR) technol... |
MIT, German central bank will research CBDC privacy in new project | The Deutsche Bundesbank is the latest monetary authority to team up with the Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) to study central bank digital currency (CBDC). President of the German central bank Joachim Nagel spoke at the launch of the project about challenges ahead for the d... |
Kraken exchange rolls out self-custody crypto wallet, following other CEXs | Crypto exchange Kraken has rolled out its self-custody wallet for digital assets, following the likes of Binance, OKX, Coinbase, Bitget and Bybit.
"Whether you’re a Kraken client or not, you can use multichain Kraken Wallet as your bridge to the decentralized financial system,” the exchange wrote. Currently, Kraken Wa... |
Doctors turn to Apple Vision Pro headset to practice surgery amid cadaver shortage | Veyond Metaverse, a medical technology company, recently announced that its medical telepresence platform would expand its footprint to the Apple Vision Pro.
The company’s real-time translation and remote communication services were previously used on traditional virtual and augmented reality headsets to conduct what ... |
US senators introduce new stablecoin bill | 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 Stablecoin Act, a bill the lawmakers had been drafting for mont... |
Hong Kong spot Bitcoin ETF approval draws praise and caution from industry players | The much-anticipated approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in Hong Kong earlier this week represents a significant industry milestone for some experts. However, others warn that greater market forces, such as persistent inflation and geopolitical risk, could overshadow the bullish event.
“We are ... |
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 ... |
Cyprus keeps FTX Europe license suspended until September | The saga of the collapsed cryptocurrency exchange FTX has been inching toward a conclusion but some former parts of the FTX empire are still struggling to continue operations.
The Cyprus Securities and Exchange Commission (SEC) has extended the suspension of FTX Europe’s license, prohibiting the firm from offering ser... |
White hat hacker group SEAL launches crypto threat-sharing center | A team of white hat hackers called the Security Alliance (SEAL) has said it recovered $50 million in assets since its inception in 2023 and has launched a threat-sharing platform to support the crypto space.
On April 17, the alliance announced its free Information Sharing and Analysis Center (ISAC) called SEAL-ISAC — ... |
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