Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Bitcoin ETF Issuer Unveils 5 Spectacular Predictions For 2028 BTC Halving

Apr 25, 2024 | 02:00 am

Bitwise, currently the fourth-largest spot Bitcoin ETF issuer in the United States, with assets under management totaling $1.778 billion, has published a series of stunning predictions for the Bitcoin landscape leading up to the 2028 halving. These projections are not only grounded in past data and trends but also reflect a deeper integration of BTC […]

Ripple Stands Strong and Refuses SEC’s $2 Billion Demand, Proposes $10 Million Settlement: XRP Price to Rally to $1?

Apr 25, 2024 | 01:45 am

Ripple counters the SEC’s $2 billion fine with a $10 million settlement proposal, emphasizing its confidence and resilience. The ongoing legal challenges might lead XRP price to potentially rally to $1, as it gains traction amid regulatory news. Ripple has taken a bold stance against the SEC by refusing a substantial $2 billion fine and [...]

The Web3 Summit Dubai 2024 concludes with resounding success

Apr 25, 2024 | 01:41 am

The Web3 Summit Dubai 2024, jointly organized by Web3 Summit, BlockNews, and LBank Labs, recently concluded at Atlantis, The Palm Hotel in Dubai, marking a significant milestone during Dubai Blockchain Week. The event attracted over 100 industry leaders, distinguished representatives from renowned institutions, seasoned professional investors, and thousands of global attendees. The primary objective of …

Bitcoin Funding Rates Goes Negative Just Before Halving – Is a Bear Market Imminent?

Apr 25, 2024 | 01:40 am

The post Bitcoin Funding Rates Goes Negative Just Before Halving – Is a Bear Market Imminent? appeared first on Coinpedia Fintech News Bitcoin’s funding rate, a key metric in the crypto derivatives market, has turned negative for the first time since late 2023, signaling a bearish shift in market sentiment. This unexpected occurrence comes just two days before the anticipated Bitcoin halving event, raising questions about its implications for investors and traders. Bitcoin Funding Rate Turns Negative …

Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information

Apr 25, 2024 | 01:33 am

The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’ Willingness to Adopt The Australian Taxation Office (ATO) and its Indonesian counterpart have […]

Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering

Apr 25, 2024 | 01:31 am

Federal prosecutors have charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering yesterday (Wednesday), marking another development in the US government's ongoing efforts to address the use of crypto mixing tools potentially exploited by illicit actors and foreign entities to conceal financial transactions.Facing Legal Action over Alleged Unlawful TransactionsAccording to a press release issued on Wednesday, Rodriguez and Hill stand accused of developing, marketing, and operating the mixer, purportedly facilitating more than $100 million in money laundering transactions from illegal dark web markets. The release further alleges that Samourai Wallet facilitated approximately $2 billion in "unlawful transactions" from 2015 to the present.Prosecutors have claimed that Rodriguez, and Hill, accrued around $4.5 million in fees for their mixing services, with different features carrying various pool fees, as outlined in the indictment. The charges against the duo include conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business, carrying potential maximum sentences of 20 years and five years, respectively.Rodriguez was reportedly arrested on Wednesday morning and is expected to be arraigned in Pennsylvania today or tomorrow, while Hill, the Chief Technology Officer of Samourai Wallet, was apprehended in Portugal and will face extradition to the US.Federal prosecutors have charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering 🚨According to a press release, the pair developed, marketed and operated the mixer, which "facilitated more than $100 million in money… pic.twitter.com/wOY8iZR95y— Waivly (@Waivly) April 24, 2024Website Seized Following Developer IndictmentThe Samourai Wallet website, previously hosted in Iceland, has been seized, along with a seizure warrant issued for the mobile application on the Google Play Store. The website's homepage now displays a warning from US officials following the developers' indictment.The Department of Justice's press release highlighted that Samourai Wallet had been under development since 2015, alleging that Rodriguez and Hill actively encouraged users to launder criminal proceeds through the mixer, citing social media posts and private messages. The mobile application reportedly garnered over 100,000 downloads. This article was written by Tareq Sikder at www.financemagnates.com.

Top 3 Trending Altcoins for 2024: Chainlink (LINK), Solana (SOL), and Rollblock (RBLK)

Apr 25, 2024 | 01:30 am

The post Top 3 Trending Altcoins for 2024: Chainlink (LINK), Solana (SOL), and Rollblock (RBLK) appeared first on Coinpedia Fintech News With the crypto market having undergone a downtrend in the past seven days, the market is currently green, triggered by a Bitcoin price rally on April 8th, 2024, to trade at $72,000. Additionally, the most anticipated Bitcoin halving is also closing in, meaning investors are currently on the lookout for potential altcoin cryptos that can …

Dogecoin Surge Expected: Historic May Gains Set to Surpass 85%

Apr 25, 2024 | 01:30 am

In the ever-evolving landscape of cryptocurrencies, where trends come and go like waves in the sea, Dogecoin stands as a beacon of resilience. With the market flooded with meme coins vying for attention, Dogecoin’s robust community might just be its saving grace, preventing it from sinking into obscurity. However, amidst traders’ fervent hopes for DOGE […]

Baby DogeCoin Price Surges 15% With Zero-Fee Strategy

Apr 25, 2024 | 01:19 am

The post Baby DogeCoin Price Surges 15% With Zero-Fee Strategy appeared first on Coinpedia Fintech News Baby DogeCoin (BABYDOGE), one of the top dog-themed meme coins that thrived from Elon Musk’s tweet, rallied over 15 percent in the past 24 hours despite the general crypto bearish sentiment. With a fully diluted valuation of about $882 million, the small-cap meme coin saw its daily average traded volume triple to around $17 million. …

BTC Price Drop Pressures $60K, Will Bulls Return For Breakout?

Apr 25, 2024 | 01:17 am

The post BTC Price Drop Pressures $60K, Will Bulls Return For Breakout? appeared first on Coinpedia Fintech News The recovery rally that started last weekend in the crypto market remains short-lived, as the BTC price took a huge dip last night. The downfall comes with twists and turns in the misinterpreted relationship between Blackrock and HBAR. The first-ever zero inflow day for $IBIT and the looming 3-year jail time for CZ fuel the …

Pushd E-Commerce to Disrupt Online Retail, Aiming to Outshine eBay with Support from Stellar and Uniswap Communities

Apr 25, 2024 | 01:08 am

The post Pushd E-Commerce to Disrupt Online Retail, Aiming to Outshine eBay with Support from Stellar and Uniswap Communities appeared first on Coinpedia Fintech News In the constantly evolving crypto market, different coins witness a variety of activities around their communities. While technical analysis of Stellar suggests a possible increase in value in the near future and Uniswap sees an optimistic price movement, Pushd enters the crypto space with an innovative platform that revolutionizes the retail sector. While traditional e-commerce …

Toncoin And ONDO Retain Recent Gains While Investors Can’t Stop Buying More $ROE Tokens On Presale

Apr 25, 2024 | 01:00 am

With a recent collaboration with Tether, Toncoin (TON) eyes for resurgence whereas ONDO (ONDO) has also made a significant uptick in the market. In addition, Borroe Finance ($ROE) has emerged as a top contender in the best crypto investment picks. Many investors are buying $ROE at unprecedented rates. What makes $ROE so special? Let’s find [...]

As FLOKI drops 9%, how long will this key support level hold?

Apr 25, 2024 | 01:00 am

FLOKI, after breaking out of a bullish flag pattern, turned bearish as its value sank by more than 9%.

NEAR Protocol’s Robust Rise Complemented by Koala Coin’s (KLC) Steady Debut, as Fantom Continues to Thrive

Apr 25, 2024 | 00:59 am

The post NEAR Protocol’s Robust Rise Complemented by Koala Coin’s (KLC) Steady Debut, as Fantom Continues to Thrive appeared first on Coinpedia Fintech News Much like the gold rushes of yesteryears, today’s cryptocurrency market is a hotbed of opportunities. Amidst this fervour, the stage one presale of Koala Coin (KLC), currently priced at $0.014, shines with potential and ignites FOMO among discerning investors. Embracing the Whimsy of Koala Coin (KLC): A Unique Crypto Journey Koala Coin (KLC) is not …

BRICS Nations Consider Stablecoin for Trade Settlement: Competitor for Tether (USDT) and USDC?

Apr 25, 2024 | 00:57 am

The BRICS countries are discussing the creation of a stable digital currency for international trade and sending remittances. Apart from stablecoins the platform is to enhance the CBDC platforms interoperability by facilitating the “BRICS Bridge” payments. As a major step in substituting US dollar-based transactions, the BRICS countries are discussing the creation of a stable [...]

TRON & Stellar Investors Find Refuge in Raffle Coin Amid Solana’s 23% Decline, Eyeing 25X Gains

Apr 25, 2024 | 00:54 am

The post TRON & Stellar Investors Find Refuge in Raffle Coin Amid Solana’s 23% Decline, Eyeing 25X Gains appeared first on Coinpedia Fintech News The recent decline in the price of Solana has caused some investors to be jittery about the fate of altcoins amid market volatility. Thus, TRON and Stellar owners are trying to get ahead of the market by seeking new projects with a high-profit potential to keep the value of their assets intact. It is no …

BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows

Apr 25, 2024 | 00:51 am

The BlackRock IBIT Bitcoin ETF’s monumental 71-day streak of inflows since its inception has finally come to an end, as April 24 saw zero net inflows for the fund. It reached the top 10 of the all-time ETF inflow streak chart before bowing out on a day when Bitcoin fell as much as 5.2% on […] The post BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows appeared first on CryptoSlate.

BlackRock’s Non-Involvement Revelation and Its Effect on Hedera’s HBAR Token

Apr 25, 2024 | 00:50 am

The post BlackRock’s Non-Involvement Revelation and Its Effect on Hedera’s HBAR Token appeared first on Coinpedia Fintech News Archax and The HBAR Foundation have introduced tokenized BlackRock ICS US Treasury money market fund offerings. It is meant to expand its MMF lineup on Hedera and Ethereum blockchains. This step aims to provide institutional stability and yield in the current interest-rate environment. CEO Graham Rodford talks about offering a variety of MMFs, while Ownera’s …

Ripple/XRP & TRON Supporters Globally Attracted to Fezoo Exchange Presale Amid Market Instability

Apr 25, 2024 | 00:49 am

The post Ripple/XRP & TRON Supporters Globally Attracted to Fezoo Exchange Presale Amid Market Instability appeared first on Coinpedia Fintech News Legal battles and regulatory scrutiny aside, the all-new Fezoo Exchange presale has drawn the attention of Ripple and TRON supporters worldwide. One is a pro-XRP lawyer, John Deaton, who is battling for Coinbase customers, and the other is TRON founder Justin Sun, who is caught up in an SEC lawsuit. Fezoo, on the other hand, …

Head And Shoulders Alert: Dogecoin Could See A Price Crash Soon

Apr 25, 2024 | 00:30 am

Crypto analysts are sounding the alarm on Dogecoin as a classic chart pattern, known for predicting bearish trends, has emerged. Technical analyst Josh Olszewicz, @CarpeNoctom, flagged a potential Head and Shoulders (H&S) formation on the DOGE/USD 12-hour chart on X, hinting at a possible significant price drop if the pattern validates. The H&S pattern is [...] The post Head And Shoulders Alert: Dogecoin Could See A Price Crash Soon appeared first on Crypto Breaking News.

Diamante Blockchain Invites Developers to Leverage Its Protocol, Diamante Net, for dApp Innovation

Apr 25, 2024 | 00:25 am

The post Diamante Blockchain Invites Developers to Leverage Its Protocol, Diamante Net, for dApp Innovation appeared first on Coinpedia Fintech News Abu Dhabi, UAE, April 24, 2024 – The pioneering US-based AI and blockchain entity, Diamante Blockchain, invites developers and tech enthusiasts to utilize their proprietary blockchain, Diamante Net to build innovative dApps that are sustainable and scalable. As a part of the ongoing development of the ecosystem, the company opens up its peer-to-peer network to …

Coinbase’s Explosive $15M Blitz: Revolutionizing Cryptocurrency Awareness

Apr 25, 2024 | 00:23 am

Coinbase, the behemoth of the U.S. cryptocurrency exchange realm, is making waves once again, but this time not just in the digital domain. With a bold move into traditional television advertising, the exchange is set to roll out a $15 million campaign during the NBA playoffs, aiming to captivate sports fans with a message delivered […]

LBank Exchange Will List Spongebob Squarepants (SPONGEBOB) on April 24, 2024

Apr 25, 2024 | 00:12 am

road town, bvi, April 25th, 2024, Chainwire In a significant move for cryptocurrency enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of Spongebob Squarepants (SPONGEBOB) on April 24, 2024. Users of LBank Exchange can brace themselves for the SPONGEBOB/USDT trading pair, which will go live at 11:00 UTC. Spongebob [...]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Apr 25, 2024 | 00:04 am

A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) days after the halving took place. The analyst, pseudonymously known as Bluntz tells his 257,100 followers on the social media platform X that Bitcoin is preparing to break out according to price action on the two-hour chart. Based on the pseudonymous analyst’s chart, […] The post Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst appeared first on The Daily Hodl.

Is Bitcoin Toast? Gold Bug, Bitcoin Critic Sees BTC Dropping To $20,000

Apr 25, 2024 | 00:00 am

The price of Bitcoin, the leading cryptocurrency, continues to be a hot topic with analysts offering a spectrum of predictions. Recent price dips have reignited the debate, with some experts warning of a downward spiral while others see a potential buying opportunity. Related Reading: Charity Gets A Digital Boost: $2 Billion In Crypto Donations Empower […]

Thai CBDC pilot succeeds, but no plans to create one

Apr 25, 2024 | 00:00 am

Thailand sees central bank digital currency as a tool that could promote innovation but argues that it is in no rush to push for one, noting that it will resort to programmable payments and tokenization instead. [...] Read More... The post Thai CBDC pilot succeeds, but no plans to create one appeared first on CoinGeek.

Crypto Mining Company Argo Reduced Losses by 85% in 2023

Apr 24, 2024 | 23:58 pm

Argo Blockchain (LSE: ARB; NASDAQ: ARBK), a cryptocurrency mining company, has released its 2023 financial results, revealing a year marked by strategic adjustments amidst industry challenges. However, despite achieving a modest gross profit, net income was negative for another consecutive year.Argo Blockchain Tried to Weather Crypto Storm, Cuts Debt by 63% in 2023The company mined 1,760 Bitcoin throughout the year, averaging 4.8 Bitcoin per day, despite facing increased global hashrate and network difficulty.Annual revenues reached $50.6 million, a decline of 14% from the previous year, as the mining margin decreased to 43% from 54% in 2022. However, Argo made significant strides in optimizing its operations, increasing its hash rate by 0.3 EH/s through the introduction of ePIC BlockMiners at its Quebec facilities and generating $7.2 million in power credits through strategic energy curtailment at the Helios location.The company reported a net loss of $35 million for 2023, a substantial improvement from the $229 million loss in 2022. This was largely due to a reduction of 49% in interest expenses, achieved through debt management efforts. By year-end, Argo had reduced its debt owed to Galaxy Digital to $23.5 million, with a total debt standing at $66.2 million."Despite a turbulent market, we have worked hard to strengthen our balance sheet and reduce Argo's debt burden by $22 million, or 63%, and improve our cash positions,” commented Thomas Chippas, the CEO of Argo. In early 2024, Argo successfully raised $9.9 million through a share placement with institutional investors and sold its Mirabel, Quebec data center for $6.1 million, using the proceeds to reduce debt further. Preliminary Q1 2024 results show continued growth, with 319 Bitcoin mined and revenues nearing $17 million.Mining Operations Post-HalvingAs the cryptocurrency industry continues to evolve after the recent halving, Argo Blockchain remains focused on navigating challenges, optimizing operations, and positioning itself for long-term success in the competitive mining landscape.“We exited the Bitcoin halving with a stronger balance sheet and leaner operations, and we are optimistic about the ongoing growth and development of Argo with a clear objective of delivering shareholder value,” Chippas added.However, the new operating environment is not easy. After the fourth halving, Bitcoin recently underwent its initial difficulty adjustment, experiencing a rise of 1.99% and elevating the mining difficulty to a new record. The network’s difficulty level increased from 86.39 trillion to 88.10 trillion. This article was written by Damian Chmiel at www.financemagnates.com.

BREAKING: Hong Kong Bitcoin and Ethereum ETFs to Start Trading on April 30 – Fee War Ramps Up

Apr 24, 2024 | 23:54 pm

Hong Kong approves the first spot Bitcoin and Ethereum ETFs, set to begin trading on April 30, 2024. Anticipated “fee war” in cryptocurrency ETFs could lead to competitive pricing and market growth. The Securities and Futures Commission (SFC) of Hong Kong has officially greenlit the first spot-based Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), [...]

Crypto Gainers for March 2024: SHIB, TON, DOGE, BCH, NEAR, SOL, BNB and AVAX

Apr 24, 2024 | 23:34 pm

Over the past 30 days, the crypto market has shown significant volatility with some coins experiencing substantial growth. This period marked a remarkable rebound for several top 20 cryptocurrencies, demonstrating resilience and renewed investor interest. Among these, Shiba Inu (SHIB), Toncoin (TON), Dogecoin (DOGE), Bitcoin Cash (BCH), NEAR Protocol (NEAR), Solana (SOL), Binance Coin (BNB), [...]

Bitcoin Strengthens Amidst 15th Tax Payments, BTC’s Soaring Halving Aftermath

Apr 24, 2024 | 23:30 pm

Arthur Hayes, co-founder of BitMEX, elucidates the intricate dynamics of Bitcoin’s meteoric rise against the backdrop of a fiat liquidity surge and impending sovereign debt bubble burst. Despite recent fluctuations triggered by tax payments and the BTC halving, Hayes remains steadfast in his conviction that the bullish momentum will persist, propelling Bitcoin prices to unprecedented […]

How CBDCs are Ripple’s best chance of mass adoption?

Apr 24, 2024 | 23:30 pm

CBDCs, or Central Bank Digital Currencies, are digital forms of a national currency issued and regulated by its central bank. They constitute a significant breakthrough in the digital economy, as they simplify transactions, resulting in wider financial inclusion. Ripple, one of the most prominent blockchain companies, specializes in providing cross-border payment services using its digital …

Negative Nirvana? Decoding The First Bitcoin Funding Rate Dip Of 2024

Apr 24, 2024 | 23:22 pm

The recent Bitcoin halving event, which cut the block reward for miners in half on April 20, 2024, has sparked a wave of optimism in the cryptocurrency market. While a brief dip in a key futures metric hinted at potential short-term bearishness, overall market indicators suggest a bullish trend taking hold. Analysts at Kaiko, a [...] The post Negative Nirvana? Decoding The First Bitcoin Funding Rate Dip Of 2024 appeared first on Crypto Breaking News.

BlackCard and BcCoin experience remarkable 4000% value surge within 30 days

Apr 24, 2024 | 23:08 pm

Coinscribble – April 24, 2024 / The relentless hard work has finally paid off, leading to a highly successful debut in the market. BlackCard Credit Card is changing the game in global cryptocurrency payments by introducing the BcCoinToken. The cutting-edge AI technology enables you to effortlessly spend your cryptocurrency anywhere traditional debit cards are accepted. [...]

Bridging Communities: How DCF is Fostering Collaboration in Blockchain Innovation

Apr 24, 2024 | 23:02 pm

Three hundred million people. That’s the staggering number of individuals worldwide actively engaging with blockchain technology for cryptocurrency transactions. Blockchain technology, once considered niche, is now a fundamental aspect of our digital ecosystem. It’s reshaping industries, enabling new forms of collaboration, and democratizing access to financial services worldwide. Take, for instance, the collaborative efforts between [...]

BNB Chain to Enable Native Staking on BNB Smart Chain (BSC) following Beacon Chain Sunset

Apr 24, 2024 | 23:00 pm

Dubai, UAE, April 25th, 2024, Chainwire All validators will migrate from Beacon Chain to BSC, enabling high-APY native staking on BSC and MEV-based benefits BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the addition of native liquid staking (LSDFi) on BNB Smart Chain (BSC) as a result [...]

BlockDAG’s moon keynote teaser strategy rockets ROI to 30,000x as Bitgert gains traction & Stellar sets ambitious targets

Apr 24, 2024 | 23:00 pm

BlockDAG’s strategic move to launch a keynote video from the moon has propelled its ROI projection to an astounding 30,000x, marking a significant milestone in the cryptocurrency market. This groundbreaking initiative underscores BlockDAG’s commitment to innovation and sets a new standard for industry engagement. Concurrently, Bitgert coin is witnessing a surge in popularity, gaining traction …

U.S. Ethereum ETF delayed – How Hong Kong now leads the race

Apr 24, 2024 | 23:00 pm

U.S. spot Ethereum ETFs face more delays from SEC while Hong Kong ETFs are set to start trading.

How to Maximize Profits with Just 3 Cryptos in 2024: Why Pepe Coin (PEPE), Retik Finance (RETIK), and Dogwifhat (WIF) Are Essential for Your Portfolio

Apr 24, 2024 | 22:50 pm

In a market awash with volatility, three cryptocurrencies have emerged as beacons of stability and potential. Pepe Coin (PEPE), Retik Finance (RETIK), and Dogwifhat (WIF) are poised to redefine the crypto landscape in 2024, offering investors unparalleled opportunities for growth and diversification. As Cardano (ADA) grapples with underperformance, savvy traders

What’s Next For Shiba Inu? Inside The 2024/2025 Shibarium Roadmap

Apr 24, 2024 | 22:45 pm

As the Shiba Inu ecosystem continues to expand, its upcoming developments for the years 2024 and 2025 are drawing considerable attention from both investors and participants within the ecosystem. Lucie, the Shiba Inu marketing lead, outlined the roadmap for Shibarium through a post on X, detailing several key initiatives that promise to enhance and broaden […]

SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs

Apr 24, 2024 | 22:38 pm

The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]

Nigerian Central Bank Denies Crypto-Related Account Ban Amid Regulatory Turmoil

Apr 24, 2024 | 22:22 pm

The Nigerian crypto community faced uncertainty after a misleading report suggested the Central Bank of Nigeria (CBN) froze accounts linked to digital assets. Although the bank initially denied the claim, confusion arose when that denial was removed. Eventually, the Central Bank clarified its stance, assuring Nigerians it does not currently restrict cryptocurrency transactions. The Central […]

Bitcoin Will Still Hit $150,000 By Year-End Despite ETF Hype Dying Down — Standard Chartered

Apr 24, 2024 | 22:22 pm

British multinational bank Standard Chartered remains firm on its lofty Bitcoin price prediction.

DogeMob Set to Enhance User Engagement and Utility Within its Ecosystem With Key Developments

Apr 24, 2024 | 22:14 pm

DogeMob, a leading meme coin platform, is elated to announce its recent developments and updates that usher the project from a meme-driven concept to a multi-faceted crypto platform. These new features aim to enhance user engagement and utility within the DogeMob ecosystem. Among the new developments is its listing on BitMart and MEXC exchanges. Getting listed […]

SOL Price Topside Bias Vulnerable If Solana Continues To Struggle Below $170

Apr 24, 2024 | 22:09 pm

Solana attempted a recovery wave above the $140 level. SOL price is now struggling to clear the $160 and $170 resistance levels. SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bullish [...] The post SOL Price Topside Bias Vulnerable If Solana Continues To Struggle Below $170 appeared first on Crypto Breaking News.

India, Japan associations ink deal to grow Web3 ecosystem

Apr 24, 2024 | 22:00 pm

Under the MOU, BWA and JADA will explore opportunities in Web3 technologies and craft use cases and policies that will help fully develop the Web3 ecosystem in their respective countries. [...] Read More... The post India, Japan associations ink deal to grow Web3 ecosystem appeared first on CoinGeek.

Yoki Origins: Astar zkEVM’s Quest Platform Fueled by Bandit Network’s Points SDK and Brave Ads

Apr 24, 2024 | 21:58 pm

Bandit Network, a pioneer in White-Labelled Quest solutions with Points SDK, has partnered with Astar Network to drive the “Yoki Origins” journey, a groundbreaking initiative to enrich the Astar zkEVM experience. This collaboration marks a significant stride in advancing Web3 adoption by leveraging Brave Ads for promotion. Astar zkEVM, leveraging Ethereum’s security prowess and the […]

We Asked ChatGPT to Build the Ideal Crypto Portfolio with Just 3 Coins

Apr 24, 2024 | 21:48 pm

In a bold move, the AI chatbot ChatGPT, when tasked with building an ideal crypto portfolio with just three coins, surprisingly omitted Cardano, a once-promising blockchain project. Instead, the AI chose to focus on the trio of Solana, Retik Finance, and Dogwifhat, asserting that these three cryptocurrencies have the potential

New Findings: Mobile Devices Facilitate Efficient Decentralized Infrastructure Networks (DePINs)

Apr 24, 2024 | 21:46 pm

Researchers from the University of Zürich’s Communication Systems Group, in collaboration with the Acurast Association, have recently published a study titled “Performance Analysis of Decentralized Physical Infrastructure Networks and Centralized Clouds.” This study presents groundbreaking findings that shed light on the performance of these networks. This work showcases the potential of Decentralized Physical Infrastructure Networks […]

TOKEN2049 Dubai Hailed as an Outstanding Success, with 10,000 Attendees

Apr 24, 2024 | 21:32 pm

TOKEN2049, the premier crypto event, saw record-breaking success for its inaugural Dubai conference, which took place from April 18-19, during TOKEN2049 Week. Throughout the event, attendees experienced an impressive range of panel discussions, keynotes, workshops, and exclusive networking opportunities, overcoming torrential rain to show up in force. Tickets for TOKEN2049

SEC Proposes $5.3 Billion Fine on Terraform Labs and Co-founder Do Kwon

Apr 24, 2024 | 21:30 pm

The US Securities and Exchange Commission (SEC) seeks an immense $5.3 billion penalty against Terraform Labs and its co-founder, Do Kwon. This staggering fine would be the highest ever imposed in the cryptocurrency sector, signalling a potential shift in how regulators approach the rapidly growing digital asset market. The SEC seeks $4.2 billion in disgorgement, […]

Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests

Apr 24, 2024 | 21:09 pm

Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license. Snowden’s remarks show his ongoing support for financial privacy within the […]

Ethereum Price Faces Rejection, Is This A Fresh Bearish Signal?

Apr 24, 2024 | 21:06 pm

Ethereum price failed to clear the $3,280 resistance zone. ETH declined below the $3,200 support and is now consolidating losses above $3,100. Ethereum struggled to clear the $3,250 and $3,280 resistance levels. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with [...] The post Ethereum Price Faces Rejection, Is This A Fresh Bearish Signal? appeared first on Crypto Breaking News.

FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors

Apr 24, 2024 | 21:00 pm

According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried. In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam Bankman-Fried And Insiders Settle Per [...] The post FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors appeared first on Crypto Breaking News.

Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular

Apr 24, 2024 | 21:00 pm

Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited. The news raised alarms as, four months ago, Nigeria lifted the ban that prevented banks and other financial institutions from operating accounts for […]

Looking to buy Bitcoin? ‘Perfect time,’ says Arthur Hayes – But why?

Apr 24, 2024 | 21:00 pm

Is Arthur Hayes signaling a Bitcoin bull run amidst the broader market decline?

Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue

Apr 24, 2024 | 20:43 pm

Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]

S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape

Apr 24, 2024 | 20:31 pm

According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […]

Hong Kong’s Bitcoin Spot ETF: Great Efficiency Unleashed on April 30

Apr 24, 2024 | 20:30 pm

Hong Kong’s upcoming launch of spot Bitcoin and Ether exchange-traded funds (ETFs) marks a significant milestone in the global cryptocurrency landscape. Set for April 30, these ETFs are poised to differ notably from their United States counterparts, offering investors unique opportunities in the burgeoning crypto market. ChinaAMC, one of the ETF issuers, revealed key details […]

Bitcoin Price Trims Gains Amid War Escalation, Can Bulls Save The Day?

Apr 24, 2024 | 20:14 pm

Bitcoin price failed to clear the $67,000 resistance. BTC trimmed gains and is now struggling to stay above the $63,650 support zone. Bitcoin started another decline after it failed to surpass the $67,200 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key [...] The post Bitcoin Price Trims Gains Amid War Escalation, Can Bulls Save The Day? appeared first on Crypto Breaking News.

Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

Apr 24, 2024 | 20:00 pm

On-chain data shows that the Bitcoin whales’ holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the [...] The post Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply appeared first on Crypto Breaking News.

Bitcoin Settles Inflation Rate Battle With Gold, Becomes Scarcest Asset

Apr 24, 2024 | 20:00 pm

Following the latest Halving, Bitcoin’s inflation rate has officially become lower than Gold’s, making BTC the scarcest asset in history. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In its latest weekly report, the on-chain analytics firm Glassnode discussed the impact of the latest Halving on cryptocurrency. Halving is a periodic event on […]

AI in Regtech is expected to balloon to $6.64 billion by 2028: report

Apr 24, 2024 | 20:00 pm

The Research and Markets report highlights several factors responsible for the surge of artificial intelligence in regtech, including the requirement for real-time monitoring and reporting to protect consumers. [...] Read More... The post AI in Regtech is expected to balloon to $6.64 billion by 2028: report appeared first on CoinGeek.

Binance Founder CZ Zhao Regrets Decisions, Seeks Court’s Mercy

Apr 24, 2024 | 19:44 pm

Changpeng Zhao, the founder of the Binance crypto exchange, recognized by his initials CZ, finds himself at a turning point. Awaiting sentencing on April 30th for violations of rules against money laundering and sanctions, Zhao recently wrote an apology letter to the judge, admitting “poor decisions” and promising to be held accountable. However, regaining the […]

BlackRock’s Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You

Apr 24, 2024 | 19:00 pm

In a surprising turn of events, the native token of the decentralized ledger platform Hedera, HBAR, experienced a significant price surge of over 100% during the early hours of Tuesday. Starting from a low of $0.0875, HBAR skyrocketed to reach the $0.1821 mark by Wednesday. The sudden surge was triggered by the news of BlackRock’s [...] The post BlackRock’s Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You appeared first on Crypto Breaking News.

Analyst Says Betting On Dogecoin To Reach $1 Is Risky – Here’s Why

Apr 24, 2024 | 19:00 pm

Crypto analysts have been quite bullish on the future price trajectory of Dogecoin. However, it seems this sentiment is not shared by everyone in the industry. In an interview, Pav Hundal, lead analyst for Australian exchange Swyftx, told CoinTelegraph that hoping for a $1 price target for Dogecoin could be risky. Why Dogecoin Might Not […]

Bitcoin Rainbow Chart predictions: BTC to $450K by 2025?

Apr 24, 2024 | 19:00 pm

BTC is undervalued per Bitcoin Rainbow Chart analysis as analysts predict macro and ETF flows as key drivers in 2024 and 2025.

Forex Trading for Beginners: A Step-by-Step Guide to Getting Started

Apr 24, 2024 | 18:55 pm

Are you thinking about starting out in forex trading? The foreign exchange market, or forex, is the largest and most liquid financial market globally, with the market size projected to reach a value of USD$516.48 billion between 2023 and 2028. This is financial market that’s fast paced and potentially rewarding. It provides opportunities for traders to [...]

Block Unveils Bitcoin Conversion Feature for Square Merchants

Apr 24, 2024 | 18:35 pm

On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their Square-generated earnings into bitcoin, the leading crypto asset by […]

XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

Apr 24, 2024 | 18:00 pm

The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set [...] The post XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End appeared first on Crypto Breaking News.

Canada to enforce new ‘crypto’ tax guidelines by 2026

Apr 24, 2024 | 18:00 pm

Canada has pledged to enforce the Crypto-Asset Reporting Framework (CARF), which aligns with OECD standards, one year before they take effect globally. [...] Read More... The post Canada to enforce new ‘crypto’ tax guidelines by 2026 appeared first on CoinGeek.

High Bitcoin fees push active addresses down to 3-year low

Apr 24, 2024 | 18:00 pm

On April 20, the day of the Bitcoin halving, total transaction fees paid to miners jumped to 1,257.71 BTC, the highest since December 2017. The high amounts starkly contrasted with fees from the previous day, which amounted to only 116.94 BTC. When viewed alongside the decreased block rewards post-halving, this surge in transaction fees led […] The post High Bitcoin fees push active addresses down to 3-year low appeared first on CryptoSlate.

ezETH Depegs, Triggers $60 Million Liquidation Bloodbath

Apr 24, 2024 | 17:59 pm

Renzo Protocol’s liquid restaking token, ezETH, experienced a significant depeg on April 24th. This incident resulted in a wave of liquidations across various DeFi platforms, leading to over $65 million in losses. The trigger for this appears to be a change in Renzo Protocol’s tokenomics, which sparked considerable community backlash. The ezETH depeg highlights the […] The post ezETH Depegs, Triggers $60 Million Liquidation Bloodbath appeared first on CoinChapter.

Iconic ‘Buy Bitcoin’ Sign From Janet Yellen’s Testimony Sells for $1 Million in Crypto Auction

Apr 24, 2024 | 17:54 pm

Christian Langalis, famously known as “Bitcoin Sign Guy,” has auctioned the “Buy Bitcoin” sign he displayed during Janet Yellen’s 2017 Congressional testimony for 16 BTC, approximately $1 million dollars at current prices. The sign was listed on the Scarce City marketplace, and was drawn on a yellow legal pad with a Uniball Vision pen. Langalis […]

Top 5 cryptocurrencies that pay dividends

Apr 24, 2024 | 17:35 pm

In the traditional financial system, dividends are regular payments that companies make to their shareholders. The amount of these payments depends on the company’s profit and is approved by the Board of Directors. In the context of cryptocurrencies, dividends are rewards that are paid by cryptocurrency companies from their revenues, commissions or profits. It is [...]

The Role of Crypto Market Making in Trading Dynamics

Apr 24, 2024 | 17:32 pm

Market makers play a crucial role in ensuring smooth trading operations in the fast-changing world of cryptocurrencies. Their mission is simple yet crucial: maintaining liquidity and facilitating seamless transactions. By exploring the market makers’ various types, advantages, and risks they manage, we can gain a better understanding of their role in the crypto ecosystem. Market [...]

Ethereum Ecosystem Hits 10 Million Active Wallets Weekly: Will It 10X In The Next Bull Run?

Apr 24, 2024 | 17:30 pm

There has been a noticeable uptick in network activity in the broader Ethereum ecosystem. According to Dune Analytics, excluding Ordinals-related addresses, there are over 10 million wallets actively engaging with the mainnet and Ethereum layer-2 solutions like Base, Optimism, and Arbitrum. Ethereum Ecosystem Vibrant: Record 10 Million Active Wallets This milestone is a direct result […]

Will PEPE Surge 65% by June?

Apr 24, 2024 | 17:30 pm

Pepe, the token that was integral to the March memecoin mania, might be gearing up for another bull run, thanks to a bullish reversal pattern The post Will PEPE Surge 65% by June? appeared first on CoinChapter.

OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts

Apr 24, 2024 | 17:20 pm

OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software upgrade. Co-authors Ethan Heilman and Armin Sabouri have emphasized that receiving a BIP number mainly facilitates discussion around the proposal by providing a […]

Ex-Binance CEO CZ seeks forgiveness and a fresh start in pre-sentencing apology letter

Apr 24, 2024 | 17:03 pm

Binance‘s co-founder and former CEO, Changpeng ‘CZ’ Zhao, submitted a letter of apology to the court on April 24. Zhao, who pleaded guilty to criminal charges earlier this year, expressed regret in advance of his upcoming sentencing date. He wrote: “I apologize for my poor decisions and accept full responsibility.” CZ said he recognizes that […] The post Ex-Binance CEO CZ seeks forgiveness and a fresh start in pre-sentencing apology letter appeared first on CryptoSlate.

Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?

Apr 24, 2024 | 17:00 pm

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high. More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has [...] The post Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000? appeared first on Crypto Breaking News.

XRP’s recovery push: 18% hike, but here’s how far $1 is really

Apr 24, 2024 | 17:00 pm

As XRP prices rose higher in the past few days, the Open Interest also slowly ticked higher to reflect bullish short-term sentiment.

Altcoin Market Cap Set for 350% Explosion As Technical Setup Forms: Glassnode Founders

Apr 24, 2024 | 17:00 pm

The founders of the analytics platform Glassnode are predicting the altcoin market cap will surge by 350% after the recent correction. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say the alt market cap may be forming a similar 2021 structure when there was a […] The post Altcoin Market Cap Set for 350% Explosion As Technical Setup Forms: Glassnode Founders appeared first on The Daily Hodl.

Nigeria Central Bank (CNB) Clarifies Crypto Freeze Claims – What’s Really Going On?

Apr 24, 2024 | 16:54 pm

NAIROBI (Coinchapter.com) – The Central Bank of Nigeria (CBN) recently denied allegations that it issued a directive to freeze bank accounts associated with cryptocurrency exchanges. This denial came after confusion arose from a circulating report that incorrectly claimed the CBN had ordered such account freezes. Initially, reports emerged stating the CBN had instructed banks to […] The post Nigeria Central Bank (CNB) Clarifies Crypto Freeze Claims – What’s Really Going On? appeared first on CoinChapter.

BTC Whales Not Dumping BTC Holdings Post-Halving

Apr 24, 2024 | 16:39 pm

Bulls failed to hold above $66,000 due to the bearish pressure against the token, while Bitcoin whales continued accumulating the token. The post BTC Whales Not Dumping BTC Holdings Post-Halving appeared first on CoinChapter.

Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets

Apr 24, 2024 | 16:17 pm

Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $745 million. Tesla Holding Onto Its Bitcoin Elon Musk’s electric car […]

BRICS Nations Reject Crypto Yet Steal Its Best Ideas — Click to Uncover Details

Apr 24, 2024 | 16:08 pm

The BRICS nations reject crypto, but see the value in transitioning away from the US dollar’s dominance. The BRICS nations, comprised of Brazil, Russia, India, China, and South Africa, have long been vocal critics of cryptocurrencies. However, in a surprising turn of events, these economic powerhouses are now embracing the underlying technology behind digital currencies, […] The post BRICS Nations Reject Crypto Yet Steal Its Best Ideas — Click to Uncover Details appeared first on CoinChapter.

Can Dogecoin Reach $0.2? Crypto Analyst Reveals Bearish Expectations

Apr 24, 2024 | 16:00 pm

Crypto analyst CrediBULL Crypto has revealed his bearish expectations for the foremost meme coin, Dogecoin (DOGE). Based on his analysis, the crypto token could drop to as low as $0.5 soon enough. How Dogecoin Could Drop To As Low As $0.5 CrediBULL Crypto mentioned in an X (formerly Twitter) post that Dogecoin could drop to […]

Whale buys 211 billion PEPE tokens… thanks to Bitcoin halving’s impact?

Apr 24, 2024 | 16:00 pm

PEPE soared more than 15% in value in the last 24 hours.

Bitwise CIO Unveils 5 Major Forecasts For Bitcoin 2028 Halving, Anticipates A 280% Price Surge

Apr 24, 2024 | 16:00 pm

Bitwise Chief Information Officer (CIO) Matt Hougan recently shared five interesting predictions for the next Halving of the Bitcoin (BTC) network, scheduled for 2028. In a comprehensive report, Hougan sheds light on the potential transformations for the world’s leading cryptocurrency. New Investors And ETFs As Catalysts One of Hougan’s key predictions is that Bitcoin’s volatility [...] The post Bitwise CIO Unveils 5 Major Forecasts For Bitcoin 2028 Halving, Anticipates A 280% Price Surge appeared first on Crypto Breaking News.

Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case

Apr 24, 2024 | 15:05 pm

International authorities collaborated to shut down Samourai Wallet and arrested its two founders on April 24 after the US Department of Justice (DOJ) filed criminal charges against the privacy wallet over allegations of facilitating money laundering. Samourai’s website currently displays a seizure notice that notes Icelandic law enforcement, Portugal police, IRS, DOJ, FBI, and Europol […] The post Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case appeared first on CryptoSlate.

SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

Apr 24, 2024 | 15:01 pm

The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.3 billion fine against Do Kwon for his role in the downfall of the Terra ecosystem in 2022, alleging […] The post SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report appeared first on The Daily Hodl.

Shiba Inu Exchange Balances Reach New Low As SHIB Bounces Off Golden Ratio

Apr 24, 2024 | 15:00 pm

The Shiba Inu ecosystem has been subjected to updates in the last few days as developers look to bolster the cryptocurrency’s prospects in the long term. Behind the scenes, on-chain data also reveals a bullish trend among SHIB investors, with the exchange balance dropping to new lows. Adding to the bullish case is the fact [...] The post Shiba Inu Exchange Balances Reach New Low As SHIB Bounces Off Golden Ratio appeared first on Crypto Breaking News.

How is Arsenal Fan Token Performing After Its 5-0 Win Vs. Chelsea?

Apr 24, 2024 | 14:54 pm

NAIROBI (Coinchapter.com) – Arsenal Fan Token surged in value following the club’s decisive 5-0 victory against Chelsea in the Premier League. The win solidified Arsenal’s position at the top of the table with a three-point lead, raising fan enthusiasm and driving interest in the team’s associated cryptocurrency. This dominant performance marks Arsenal’s sixth win this […] The post How is Arsenal Fan Token Performing After Its 5-0 Win Vs. Chelsea? appeared first on CoinChapter.

Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality

Apr 24, 2024 | 14:26 pm

Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, […]

KPMG survey reveals significant uptick in institutional adoption of crypto in Canada

Apr 24, 2024 | 14:21 pm

The Canadian financial sector witnessed a significant uptick in crypto adoption in 2023, according to a recent survey by KPMG in Canada. Financial firms offering crypto products and services increased by 22% from 2021, while institutional investors incorporating crypto into their portfolios rose by 26% during the same period. Resurgence Financial Services: 50% of respondents […] The post KPMG survey reveals significant uptick in institutional adoption of crypto in Canada appeared first on CryptoSlate.

Ripple (XRP) Poised for $33 Billion Rally by 2025: Analyst

Apr 24, 2024 | 14:15 pm

Ripple (XRP) has been at the center of attention, with experts and enthusiasts alike speculating on its future price trajectory. In a recent analysis, Cheeky Crypto, a prominent cryptocurrency analyst, has delved into the potential for a significant rally in XRP, forecasting a staggering $33 billion surge by 2025. At

The State Of Things: Open Source Developers Arrested For Writing Code

Apr 24, 2024 | 14:05 pm

In light of the charges brought against Keonne Rodriguez and William Lonergan Hill for their alleged operation of Samourai Wallet, I believe it is important for Bitcoiners to assess the current state of things. Too much of the discourse in Bitcoin today is simply lip flapping from state-sponsored hypnotists pushing intelligence-captured infrastructure rails as scaling [...] The post The State Of Things: Open Source Developers Arrested For Writing Code appeared first on Crypto Breaking News.

Bitcoin mining: Time for miners to shift focus post-halving?

Apr 24, 2024 | 14:00 pm

Transaction fees are emerging as a strong revenue stream for miners with each halving.

Crypto expert says $1,000 and $10,000 is fair value for Solana and Ethereum, here’s why

Apr 24, 2024 | 14:00 pm

Crypto experts have weighed in on what they think is a fair value for crypto tokens Ethereum (ETH) and Solana (SOL). This comes amidst the never-ending debate about which is superior between the ETH and SOL networks. While this debate carries on, crypto investors have turned their attention to the ETFSwap (ETFS) token, which they …

SOL On The Cusp Of ‘Violent’ Bullish Breakout, Says Popular Trader As Solana Resolves Congestion Issues

Apr 24, 2024 | 13:55 pm

Solana (SOL) is primed for a major price breakout. This is according to Bluntz, a prominent analyst known for accurately calling the crypto market bottom during the 2018 bear market.

4 Underrated Meme Coins Poised for Massive Gains

Apr 24, 2024 | 13:50 pm

As the cryptocurrency market anticipates a stronger recovery post-Bitcoin halving, a fresh entry of meme coins in the top performers list has caught the attention of smart investors. While established players like Dogecoin (DOGE) and Shiba Inu (SHIB) are making conservative moves, these underrated low-cap coins are emerging as the

Is Bitcoin Getting Ready For An Explosive Breakout? These Analysts Believe So

Apr 24, 2024 | 13:30 pm

The fluctuations in Bitcoin’s price have marked the tempo of the crypto market and the community’s sentiment. While some feel pessimistic about the rally slowdown, some analysts believe the flagship cryptocurrency is just getting ready to reach higher notes. Next Stop: Bitcoin’s “Parabolic Upside” Crypto analyst and trader Rekt Capital considers Bitcoin (BTC) is currently [...] The post Is Bitcoin Getting Ready For An Explosive Breakout? These Analysts Believe So appeared first on Crypto Breaking News.

Amazon, Microsoft AI partnerships face potential UK antitrust probe

Apr 24, 2024 | 13:13 pm

The UK’s Competition and Markets Authority (CMA) has taken preliminary steps to investigate recent partnerships made by top AI sector participants, according to an April 24 release. The CMA invited comments on Microsoft’s partnership with Mistral AI, Amazon’s partnership with Anthropic, and Microsoft’s hiring and licensing arrangement with Inflection AI. The antitrust agency aims to […] The post Amazon, Microsoft AI partnerships face potential UK antitrust probe appeared first on CryptoSlate.

Bitcoin Mixing Service Samourai Wallet Founders Arrested, Charged With Money Laundering

Apr 24, 2024 | 13:04 pm

In a significant development, Keonne Rodriguez and William Lonergan Hill, founders and CEO of the privacy-focused Bitcoin wallet and mixer, Samourai Wallet, have been arrested and charged with money laundering and operating an unlicensed money transmitting business. The U.S. Department of Justice (DOJ), Southern District of New York, announced these charges today following an extensive investigation [...] The post Bitcoin Mixing Service Samourai Wallet Founders Arrested, Charged With Money Laundering appeared first on Crypto Breaking News.

Will PEPE Coin’s 70% surge trigger a short squeeze?

Apr 24, 2024 | 13:00 pm

Given the momentum and demand behind PEPE, further gains were likely and a retracement was improbable.

Pent-Up Bitcoin Demand Could Come From Morgan Stanley and Other Institutions: Investor Brian Kelly

Apr 24, 2024 | 13:00 pm

Crypto investor Brian Kelly thinks Bitcoin (BTC) has hit a bullish intersection of rising demand and reduced supply. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says seeing bigger brokerage firms jumping into Bitcoin will have a bigger impact than the recent BTC halving. “So […] The post Pent-Up Bitcoin Demand Could Come From Morgan Stanley and Other Institutions: Investor Brian Kelly appeared first on The Daily Hodl.

Embrace Crypto Innovation With ETFSwap (ETFS) In Its Quest To Bring $1 Trillion To The Blockchain

Apr 24, 2024 | 13:00 pm

As the world evolves, the landscape of money is undergoing an extensive transformation, with blockchain technology at its heart. In this era of financial transformation, ETFSwap (ETFS) emerges as a key figure, spearheading groundbreaking innovation that will bring exchange-traded funds (ETFs) to the blockchain. This article will help you understand how this new blockchain-based project [...]

$300,000,000,000 in ‘Boomer Cash’ Coming In to Crypto Space, Says Morgan Creek’s Mark Yusko – Here’s When

Apr 24, 2024 | 12:55 pm

The chief executive of investment firm Morgan Creek Capital says that the digital asset industry is set to be inundated by hundreds of billions of dollars coming from the baby boomer generation. In a new interview with crypto influencer Scott Melker, Morgan Creek Capital CEO Mark Yusko says that within the next 12 months, he […] The post $300,000,000,000 in ‘Boomer Cash’ Coming In to Crypto Space, Says Morgan Creek’s Mark Yusko – Here’s When appeared first on The Daily Hodl.

SHIB On The Brink Of Massive All-Time Highs as Shiba Inu’s New L3 Chain Proves to be Game-Changer

Apr 24, 2024 | 12:51 pm

Notably, this innovative encryption chain will address critical issues within the crypto sphere, such as privacy and trust.

Chainlink announces general availability for its CCIP

Apr 24, 2024 | 12:41 pm

Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA). Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts. Chainlink, the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability. The Chainlink team said in a blog […] The post Chainlink announces general availability for its CCIP appeared first on CoinJournal.

Spot ETH ETF Approval in Limbo: BlackRock, Grayscale Wait on SEC

Apr 24, 2024 | 12:37 pm

The US SEC is delaying its decision on Ethereum ETFs filed by BlackRock, Grayscale and Franklin Templeton. The decision is now expected in June. Market experts have been sounding the warning about the SEC’s lack of interest and engagement with prospective issuers, which indicated the agency had no interest in approving the ETFs. Grayscale and [...]

FTX Estate to Hold Blind Auction for Solana Tokens: Results Revealed Thursday

Apr 24, 2024 | 12:32 pm

FTX estate is auctioning off an estimated amount of Solana (SOL) tokens this week. The SOL tokens will be sold through a ‘blind auction method,’ where the bidders have a chance of becoming proud holders of the digital assets. According to insider sources, the estate of FTX, the defunct cryptocurrency exchange, is auctioning off an [...]

Bitcoin Critic Peter Schiff Warns of Decline Below $60,000 Support

Apr 24, 2024 | 12:28 pm

The comment by prominent investor Peter Schiff that Bitcoin, the most valuable digital asset by market cap, would not be able to maintain its psychologically significant support level of $60,000 has started trending. The Bitcoin skeptic began his piece by assuming that the recent decline in gold prices has ended.

Experts Discuss If Option2Trade (O2T) Will Be Crypto’s New Golden Child After ADA Created Big Bag Holders In 2017

Apr 24, 2024 | 12:24 pm

Cardano (ADA) emerged in 2017 as a blockchain platform addressing scalability, interoperability, and sustainability issues. Its innovative approach led to price increases and millions of millionaires. Today, ADA remains a significant case study in crypto success as it continues to evolve and attracts a diverse range of traders. Introducing Option2Trade (O2T): The Emerging Contender As […]

Chivo Bitcoin Wallet Hacked: VPN and Source Code Credentials Leaked

Apr 24, 2024 | 12:16 pm

The El Salvador Bitcoin Chivo Wallet has fallen prey to a notorious hacking group. Despite this, El Salvador remains committed to its Bitcoin strategy with a recent Diploma integration in schools. The Chivo Wallet, an official Bitcoin wallet for El Salvador’s nationals, has fallen under a security breach. The attack spearheaded by a group of [...]

From Ripple to Ethereum: Is the SEC overstepping?

Apr 24, 2024 | 12:00 pm

The SEC's stance on crypto is prompting calls for congressional intervention.

Chainlink Eyes ATH Post-Bitcoin Halving, AI Altcoin’s Recent Surge Challenges Akash

Apr 24, 2024 | 12:00 pm

Chainlink (LINK) is hitting new highs, approaching its strongest level in two years, and aiming to surpass the $20.00 mark. On the other side, the AI-based altcoin, the $ROE of Borroe Finance, on the Polygon blockchain, is increasing its popularity and is competing with Akash for a leading role in the crypto space. >>BUY $ROE […] The post Chainlink Eyes ATH Post-Bitcoin Halving, AI Altcoin’s Recent Surge Challenges Akash appeared first on CoinChapter.

Analyst Singles Out VeChain And XRP For Parabolic Surge, Here Are The Targets

Apr 24, 2024 | 12:00 pm

Crypto analyst Egrag Crypto has singled out VeChain (VET) and XRP as two crypto tokens that could soon witness significant price surges. The analyst also outlined price targets crypto investors can expect these tokens to attain. VeChain Could Rise To As High As $2.5 From the chart Egrag shared in his X (formerly Twitter) post, [...] The post Analyst Singles Out VeChain And XRP For Parabolic Surge, Here Are The Targets appeared first on Crypto Breaking News.

Bitcoin Payments Platform Strike Expands Offering to European Market

Apr 24, 2024 | 11:56 am

As part of its efforts to encourage wider adoption of cryptocurrencies, Bitcoin payments platform Strike has revealed plans to expand its services to clients in Europe. The business announced the expansion to qualified European consumers in a recent announcement. In an effort to bring more people in Europe into the

Binance Completes 27th Quarterly Token Burn: Can BNB Hit $800?

Apr 24, 2024 | 11:49 am

The Binance Foundation recently completed its 27th quarterly BNB token burn on the BNB Chain, marking another significant milestone in the platform’s ongoing efforts to reduce the total supply of BNB tokens. During this process, the platform permanently removed 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time

Presidential Hopeful Robert F. Kennedy Says He’ll Put Entire US Budget ‘On Blockchain’ for Transparency: Report

Apr 24, 2024 | 11:45 am

US presidential candidate Robert F. Kennedy says that he will employ blockchain technology in public finances if he wins the nation’s highest political office, according to a report by The Hill. The report cites Kennedy saying at a rally in Michigan that he will use blockchain technology to enhance transparency and accountability in US public […] The post Presidential Hopeful Robert F. Kennedy Says He’ll Put Entire US Budget ‘On Blockchain’ for Transparency: Report appeared first on The Daily Hodl.

TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report

Apr 24, 2024 | 11:41 am

Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which […] The post TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report appeared first on The Daily Hodl.

Bitwise CIO predicts Bitcoin volatility will fall 50% as institutional adoption rises

Apr 24, 2024 | 11:40 am

In a recent investor note, Bitwise CIO Matt Hougan provided a comprehensive outlook on Bitcoin’s trajectory towards the 2028 halving, predicting a 50% decrease in volatility and heightened institutional investor engagement. Bitcoin (BTC) hit a new all-time high weeks before the 2024 halving in an unprecedented surge. Hougan believes this trend will continue post-halving and […] The post Bitwise CIO predicts Bitcoin volatility will fall 50% as institutional adoption rises appeared first on CryptoSlate.

CoinPoker Announces CSOP Tournament Series with $1M Prize Pool, Scraps Cashout Fees

Apr 24, 2024 | 11:38 am

Renowned cryptocurrency poker platform CoinPoker has just launched its highly anticipated Crypto Series of Online Poker (CSOP) Spring tournament series. With a whopping $1 million combined prize pool, the series commenced on April 19 and is slated to run until April 28, featuring a staggering 41 events. Renowned for its global appeal, the CSOP has […]

Me3 Launches Its Private Sale On the Yield App Angel Launchpad To Revolutionise Fan Engagement and Digital Asset Ownership

Apr 24, 2024 | 11:30 am

Me3, a pioneering platform integrating Live events, sports, gaming, and eSports, is proud to announce its private sale on the Yield App Angel Launchpad. This collaboration will reportedly create opportunities that revolutionize how users interact with other users and their favourite events. Through the Yield App’s Launchpad, Me3 allows users to hold its native token, […]

The Ultimate Guide to Bitcoin Self-custody for Miners

Apr 24, 2024 | 11:30 am

Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. As a bitcoin miner, you have a lot to [...] The post The Ultimate Guide to Bitcoin Self-custody for Miners appeared first on Crypto Breaking News.

SUI, Solana, and Rebel Satoshi (RBLZ) top the list of the best cryptocurrencies to hold in 2024

Apr 24, 2024 | 11:30 am

Solana (SOL) analysts foresee a bullish correction as developers move to fix network congestion. Sui (SUI) is poised for upward momentum in 2024 despite a marginal 0.37% downturn. Rebel Satoshi ($RBLZ) emerges as one of the best cryptos to buy, while its sister token, $RECQ, advances in its presale. Amid the recent market bust, some […] The post SUI, Solana, and Rebel Satoshi (RBLZ) top the list of the best cryptocurrencies to hold in 2024 appeared first on CoinJournal.

Hong Kong Spot Bitcoin and Ethereum ETFs Set to Debut on April 30

Apr 24, 2024 | 11:05 am

Two Spot Bitcoin & Ethereum ETF pairings have been approved by the Hong Kong Securities and Futures Commission (SFC), marking a significant decision. Leading figures in the conventional banking and cryptocurrency sectors, Boshi Funds and HashKey Capital Limited, have banded together to launch this groundbreaking initiative. Also, ChinaAMC’s Bitcoin and

New Security-Focused Ethereum Altcoin Goes Live on Coinbase and Other Crypto Exchanges

Apr 24, 2024 | 11:05 am

Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android […] The post New Security-Focused Ethereum Altcoin Goes Live on Coinbase and Other Crypto Exchanges appeared first on The Daily Hodl.

Filecoin and Dogecoin price dips shock investors; is Rebel Satoshi arcade the next opportunity?

Apr 24, 2024 | 11:00 am

Filecoin slumps 22% in a week, but experts expect bulls to resurface soon. Dogecoin plummets 20% in a week, and analysts believe the downtrend will persist. Rebel Satoshi’s $RECQ captures investor interest with its rapid presale growth. Top altcoins like Filecoin (FIL) and Dogecoin (DOGE) remained red over the past week. As a result, investors […] The post Filecoin and Dogecoin price dips shock investors; is Rebel Satoshi arcade the next opportunity? appeared first on CoinJournal.

Arthur Hayes Believes Bitcoin Will Not Stop at $100K; Rebel Satoshi ($RECQ) Presale Could Capitalize on BTC Uptrend for Massive Gains

Apr 24, 2024 | 11:00 am

After the Bitcoin (BTC) halving, top crypto experts are optimistic that BTC will surge to $80,416 by the end of April. Blockchain ICO experts have tipped Rebel Satoshi’s $RECQ token to become the best altcoin as the coin rises by 85%. As the Bitcoin halving reaches completion, analysts have put forth different price forecasts for [...]

U.S. Prosecutors Push for 3-Year Sentence for Ex-Binance CEO Changpeng Zhao

Apr 24, 2024 | 10:43 am

Binance founder Changpeng Zhao faces a potential sentencing of 36 months in prison, as U.S. prosecutors seek a heavier penalty over allegations of facilitating money laundering. Zhao’s defense challenges prosecutors’ claims, proposing probation instead of imprisonment, his sentencing, scheduled for April 30, awaits the court’s decision. As Binance founder Changpeng Zhao awaits his sentencing by [...]

Stellar (XLM) Surge: Analysts Eye $0.47 as XLM Breaks Out

Apr 24, 2024 | 10:30 am

Stellar (XLM) is showing strong indications of a significant upward movement, capturing the attention of market analysts who are highly optimistic about its future price performance. They foresee a rapid and substantial increase in its value, bolstered by various factors such as technological advancements, and growing interest from investors. At the time of writing, the price of Stellar […]

XRP’s Battle to $1, Shiba Inu’s SHIB Nears Breakout, and Solana (SOL) Confronts Resistance

Apr 24, 2024 | 10:30 am

XRP has witnessed a notable surge in its price, indicating a potential bullish momentum in the market. The SOL price initiated a significant upward movement from the $120 support level, consolidating its position above key resistance levels. In recent trading sessions, XRP, the digital asset often associated with Ripple, has witnessed a notable surge in [...]

Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam

Apr 24, 2024 | 10:25 am

Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users — resulting in the loss of roughly $33 million worth of Ethereum (ETH). According to […] The post Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam appeared first on CryptoSlate.

Chainlink Revolutionizes Cross-Chain Interoperability & Smart Contracts

Apr 24, 2024 | 10:21 am

TL;DR Chainlink launches Cross-Chain Interoperability Protocol (CCIP) for secure transfers between blockchains. CCIP enables messaging and transfers of tokens such as ETH, USDC, and LINK between multiple blockchains. The CCIP Local Simulator is included to develop cross-chain applications more efficiently. Chainlink has officially launched its broader Cross-Chain Interoperability Protocol (CCIP), allowing developers to securely transfer ... Read more

Bitcoin payments app Strike is now available in Europe

Apr 24, 2024 | 10:17 am

Strike, a payments app focused on the Bitcoin blockchain, is now available in Europe. The platform recently expanded to Africa and its app is also accessible in Latin America. Strike raised $80 million in 2022 as it sought to expand its services globally. Strike, the digital payments app built on Bitcoin’s Lightning Network, announced the […] The post Bitcoin payments app Strike is now available in Europe appeared first on CoinJournal.

Will Dogecoin (DOGE) Reach $1 Amid Market Volatility? Analysts Weigh In

Apr 24, 2024 | 10:16 am

Market analysts’ opinions on Dogecoin’s future remain divided. While some express optimism, others, like Pav Hundal from Swyftx, approach the situation with caution. Kevin, known as OG_Yomi on X, remains bullish on DOGE’s outlook, pointing out its consolidation pattern and historical performance relative to Bitcoin. While Dogecoin (DOGE) has been a late participant in the [...]

Insights Into AI Trading With Coinrule

Apr 24, 2024 | 10:02 am

In recent years, crypto has become an increasingly popular option for traders and investors who are looking to diversify their portfolios. Navigating a volatile and complex market can be challenging. AI (artificial intelligence) has revolutionized the crypto market. AI is the creation and use of computers capable of performing tasks that are normally performed by […] The post Insights Into AI Trading With Coinrule appeared first on The Daily Hodl.

Dogecoin price prediction – Here’s where DOGE’s next buy opportunity is

Apr 24, 2024 | 10:00 am

DOGE's social metrics turn bearish, but a buying opportunity might be present.

Alert as 300 million Dogecoin gets shifted to Robinhood

Apr 24, 2024 | 10:00 am

Whale Alert informed us that an enormous amount of prime meme coins, which also involve 300 million Dogecoin, have been shifted to the Robinhood exchange. This occurrence has taken place at a time when the pricing of Doge has been preparing for a release. Whale Alert spoke of 300,000,000 DOGE shifting from an unknown wallet …

Newbie Bitcoin Whales Hold 2x As Much As Veterans: What’s Behind This Trend?

Apr 24, 2024 | 10:00 am

On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here’s what could be behind this shift. Bitcoin Newbie Whale Holdings Have Been Rapidly Growing Recently In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about how the holdings [...] The post Newbie Bitcoin Whales Hold 2x As Much As Veterans: What’s Behind This Trend? appeared first on Crypto Breaking News.

BlockDAG among the most bought coins in April

Apr 24, 2024 | 10:00 am

The cryptocurrency landscape is abuzz with excitement as Bitcoin’s halving event hints at a possible […]

Ripple Rejects SEC’s $2,000,000,000 Request for Penalties, Says Firm Will Pay No More Than $10,000,000

Apr 24, 2024 | 09:55 am

Ripple has fired back against the U.S. Securities and Exchange Commission’s (SEC) request for it to pay nearly $2 billion in penalties. In March, the SEC asked the court to order Ripple to pay $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and a $876,308,712 civil penalty, which totals around $1.95 billion. Ripple filed an opposition […] The post Ripple Rejects SEC’s $2,000,000,000 Request for Penalties, Says Firm Will Pay No More Than $10,000,000 appeared first on The Daily Hodl.

Open Source Justice Manifesto

Apr 24, 2024 | 09:50 am

The Open Source Justice Foundation is a 501(c)(3) tax-exempt public charity dedicated to spreading access to justice globally through open-source protocols and technology. Learn more about OSJF’s work at opensourcejustice.org. Most people in the world are denied access to justice. An estimated four billion people live outside the protection of the law. Fifty-four percent of [...] The post Open Source Justice Manifesto appeared first on Crypto Breaking News.

Arkham integrates Chainlink Functions to revolutionize data security

Apr 24, 2024 | 09:45 am

Arkham Intel Exchange is making significant progress in the field of technology, and it has added Chainlink Functions to its system. The integration of said algorithm will result in an intelligence verification process that is both decentralized and secure. By teaming up with Chainlink, they have taken a critical step away from depending on centralized …

Hong Kong’s In-Kind ETFs Set To Launch On April 30

Apr 24, 2024 | 09:30 am

Hong Kong will witness the launch of its Bitcoin and Ethereum Spot ETF according to a HashKey spokesperson. Slated to go live on April 30, the move marks a new era in the region positioning itself as the global digital asset hub. One particularly noteworthy feature is the structure of these ETFs. Unlike traditional cash-settled […]

Prosecutors in the US are contemplating 3 years imprisonment for Zhao

Apr 24, 2024 | 09:30 am

Prosecutors in the US strongly feel that the founder and ex-chief executive of Binance, Changpeng Zhao, deserves a three-year sentencing, as per a recent filing. In the opinion of the Department of Justice, Zhao’s illegal activities were intentional and deliberate. It was an act carried out wilfully, with complete knowledge and awareness of the consequences. …

Shiba Inu Exec Teases 2024-2025 Roadmap with Liquid Staking, Layer 3 Testnet, and More

Apr 24, 2024 | 09:21 am

TL;DR Shiba Inu team member Lucie shares exciting updates on Shibarium for 2024/2025. Major developments are expected in ShibaSwap, Shibahub, TREAT Token, ShibaEternity P2E, Shiba Inu metaverse, K9finance, Liquid Staking and Layer 3 Testnet. Fully functional DAOs announced for all tokens in the Shiba ecosystem. Lucie, a prominent member of the Shiba team, has revealed exciting ... Read more

Stage 6 presale thrives as Pushd e-commerce courts Cosmos & BNB investors to overtake Amazon

Apr 24, 2024 | 09:20 am

In the ever-evolving cryptocurrency markets, investors are constantly seeking opportunities that will yield them exponential returns on their investments. Amid this search, Pushd enters the scene with a revolutionary e-commerce platform that makes buying and selling more cost-effective and easy for users. Meanwhile, the Pushd presale is currently in stage 6, and this stage is …

Astar introduces revolutionary Yoki YoPort 3.0

Apr 24, 2024 | 09:10 am

Astar Network, one of the world’s most recognized blockchain companies, has released the latest version of their Yoki YoPort 3.0 technology, which is known as a top-grade technology. This reinforcement strengthens Astar’s position as the industry leader in decentralized technology by demonstrating their commitment to improving their technology to make it more resilient and versatile. …

Hipposol, A Solana-based Memecoin Announces $Hippos Token Presale Round

Apr 24, 2024 | 09:06 am

London, United Kingdom, April 24th, 2024, Chainwire Today marks a monumental day as Hipposol, A solana memecoin proudly announces the launch of $hippos pre sale round for early participants. Drawing vibrant inspiration from the mighty and playful hippopotamus, the $Hippos token presale event begins today April 24th 2024, with a

Hipposol, A Solana-based Memecoin Announces $Hippos Token Presale Round

Apr 24, 2024 | 09:06 am

London, United Kingdom, April 24th, 2024, Chainwire Today marks a monumental day as Hipposol, A solana memecoin proudly announces the launch of $hippos pre sale round for early participants. Drawing vibrant inspiration from the mighty and playful hippopotamus, the $Hippos token presale event begins today April 24th 2024, with a sale duration of 26 days. […] The post Hipposol, A Solana-based Memecoin Announces $Hippos Token Presale Round appeared first on CoinChapter.

Chainlink & Stellar investors look to Raffle Coin’s presale for 25x returns amid market turmoil

Apr 24, 2024 | 09:00 am

Chainlink and Stellar have shown periods of defying market dynamics, even while other tokens turned bearish. In Q2, those assets are still on shaky ground, as the fast rallies are now ending. Investors are turning to more active opportunities tied to tokens that are yet to rally. The new Raffle Coin presale shows the potential …

Bitcoin Fees Reach Record Highs Post-Halving, 75% Rally Looms for Cardano AI Competitor

Apr 24, 2024 | 09:00 am

Transaction fees on the Bitcoin (BTC) network are again getting out of hand after its fourth halving event on April 19. The halving event has been blamed for the sharp rise in transaction fees, with some users reporting fees as high as $100. Supply and demand dictate the price of transactions on the Bitcoin blockchain […] The post Bitcoin Fees Reach Record Highs Post-Halving, 75% Rally Looms for Cardano AI Competitor appeared first on CoinChapter.

Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months

Apr 24, 2024 | 09:00 am

Worldcoin (WLD) could be the victim of a significant downtrend in the coming weeks. The team plans to sell as many as 1.5 million WLD tokens over the next six months, which could bring about massive selling pressure and affect the token’s price. Details About The Proposed WLD Token Sale Worldcoin revealed in a blog [...] The post Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months appeared first on Crypto Breaking News.

Bitcoin to fall below $66K in 7 days IF these signs pan out

Apr 24, 2024 | 09:00 am

Bitcoin has been trying to reclaim the $70,000 price range for a while, but whale addresses have other ideas.

Are Inscriptions following the path of the Dodo?

Apr 24, 2024 | 08:55 am

Quick Take In the aftermath of the April 20 Bitcoin halving, the digital asset has experienced significant changes in its fee structure, transaction composition, and hash rate resilience. Data from Glassnode shows that miner revenue derived from fees reached an all-time high of approximately 75% on the halving day before settling at around 45%, indicating […] The post Are Inscriptions following the path of the Dodo? appeared first on CryptoSlate.

PrimeXBT and FinCom join forces to simplify dispute resolution

Apr 24, 2024 | 08:50 am

A non-governmental organization, the Financial Commission (FinCom) oversees the operations of the financial services industry. With effect from April 23, the platform will welcome PrimeXBT as its newest authorized member. PrimeXBT is distinguished as an authorized broker member due to its provision of online brokerage services, which encompass spot and futures market exchanges. PrimeXBT functions …

$10 XRP Price Could Be Closer Than Ever As Ripple CEO Sees Multi-Trillion-Dollar Crypto Market Boost

Apr 24, 2024 | 08:45 am

Brad Garlinghouse, the CEO of Ripple Labs, has recently made bold predictions regarding the future of the Crypto Market as analysts now suggest an XRP surge to $10 is feasible.

Crypto playgrounds – Koala Coin (KLC) with Bitcoin (BTC) and Hedera (HBAR) join market rollercoaster

Apr 24, 2024 | 08:45 am

In the crypto field, where changes are normal, a new coin called Koala Coin (KLC) has arrived. It’s not just about making money, no. This coin is about having fun, too. Right now, it’s in the presale stage one, with the price set at $0.014, and everyone’s eager to get in on it. It’s like …

Hedge Funds Are Jumping into Memecoins in Search of High Returns: WIF and BONK Skyrocket

Apr 24, 2024 | 08:43 am

TL;DR Hedge funds show growing interest in memecoins due to their high potential returns. Stratos achieves notable profits by investing in Dogwifhat, exemplifying the lucrative potential of these investments. Despite present skepticism, the evolution and improvement in memecoin infrastructure is attracting institutional investors to this emerging market. Hedge funds, known for seeking lucrative investment opportunities, ... Read more

SEC Asks Judge To Fine Terraform Labs And Do Kwon $5.3 Billion In Fraud Case

Apr 24, 2024 | 08:37 am

After Do Kwon’s Terra empire collapsed in May 2022, over $40 billion worth of investor money was wiped out in a matter of days.

XRP Plunge From $0.62 to $0.41: Crypto Whales Snap Up 31M Tokens, What’s Next?

Apr 24, 2024 | 08:30 am

In a whirlwind of volatile crypto, Ripple’s digital asset XRP has taken a rollercoaster ride in its price trajectory. However, analysts have been watching closely as XRP fell to $0.41 from $0.62, indicating a significant movement in the market. What many observers have found interesting, though, is what crypto whales did. In just five days, they […]

Binance to phase down BNB Beacon Chain (BEP2) deposits

Apr 24, 2024 | 08:30 am

The BNB Chain members have communicated that Binance will terminate all operations on the BNB Beacon Chain (BEP2) by June 2024. In line with this decision, Binance has set a deadline for all BEP2 token deposits, excluding Binance-pegged tokens (B-tokens), which must be completed by May 15, 2024, at 00:00 UTC. This decision is part …

Solana & Cosmos investors eye astounding 70x returns from DeeStream’s innovative stage 2 post-Bitcoin halving

Apr 24, 2024 | 08:15 am

If there’s one thing that is certain, it’s that predicting what the crypto market will do is beyond challenging. When the last Bitcoin halving occurred, most cryptocurrencies saw their prices soar. This time, things have been a little less impressive, with many coins losing significant ground, including Solana and Cosmos. As a result, Solana and …

Ethereum – ETH – likely to rally by 5%

Apr 24, 2024 | 08:10 am

Ethereum is holding the support, with resistance ranging between $3,100 and $3,200. Speculation states that it could soon bag a rally of 5%. It is contingent on the factors that will sustain the next-best resistance for longer. Currently, at $3,262.57, Ether’s next best support is around $3,220. Anything above the mark of $3,000 has been …

Meta’s Llama 3-powered AI chatbot pushed across social media platforms

Apr 24, 2024 | 08:00 am

Racing to catch up with heavyweights Google and OpenAI in the AI race, Meta launches its latest AI chatbot compatible with the firm's social media platforms, pushing AI use into the mainstream. [...] Read More... The post Meta’s Llama 3-powered AI chatbot pushed across social media platforms appeared first on CoinGeek.

Analysts believe now is the best time to buy the dip in Polygon (MATIC)

Apr 24, 2024 | 07:50 am

Polygon’s MATIC has positioned itself as one of the most promising cryptos. While these sentiments are likely to change over time due to volatility, it is right to assume that MATIC’s dip is a hot currency right now. Analysts believe that this is the right time to buy Polygon. Ali Charts, for one, has highlighted …

Renzo’s ezETH token depeg triggers liquidations across DeFi platforms

Apr 24, 2024 | 07:47 am

Renzo’s liquid restaking token (LRT), ezETH, experienced a significant depegging event that liquidated millions from “loopers” using the token as collateral on leverage protocols like Gearbox. According to data from CoinMarketCap, the digital asset’s value plunged to a low of $2,755 before recovering to its current level of $3,178 as of press time. Notably, decentralized […] The post Renzo’s ezETH token depeg triggers liquidations across DeFi platforms appeared first on CryptoSlate.

Ethereum (ETH) & XRP investors find new hope in Kelexo (KLXO), anticipating significant returns despite market headwinds

Apr 24, 2024 | 07:45 am

As the cryptocurrency market grapples with recent headwinds, investors are seeking out promising opportunities. Ethereum (ETH) and XRP holders, in particular, are finding solace in the ongoing presale of Kelexo (KLXO), a web3 marketplace for peer-to-peer lending. This innovative platform is generating significant excitement due to its potential to disrupt traditional lending models and offer …

Making cloud-mining accessible with Bitfufu

Apr 24, 2024 | 07:45 am

BitFuFu Inc. is a digital asset mining service that is pioneering cloud-mining services around the […]

Dexalot Unleashes Game-Changer: Central Limit Order Book (CLOB) on Arbitrum

Apr 24, 2024 | 07:39 am

TL;DR Dexalot has launched the Central Limit Order Book (CLOB) on the Arbitrum network, expanding its reach beyond the Avalanche ecosystem. CLOB operates on a specific application blockchain, providing a user experience similar to centralized exchanges (CEX). Integration with Arbitrum provides a platform for projects to launch native tokens, potentially catalyzing adoption and innovation in ... Read more

US Prosecutors Want Binance Founder Changpeng Zhao to Serve 3 Years Behind Bars

Apr 24, 2024 | 07:36 am

Federal prosecutors are pushing for a tougher 3-year prison term for Binance founder and former CEO Changpeng “CZ” Zhao in connection with his role in the global cryptocurrency exchange’s violation of sanctions and money laundering laws.

Ethereum Bulls Ready to Charge as Futures Market Optimism Surge

Apr 24, 2024 | 07:31 am

Ethereum continued to hover around the critical $3,000 threshold Wednesday, even as traders grappled with uncertainty amid conflicting market signals.

Renzo’s Restaking Token Briefly Plummeted, Trading at Huge Discount to WETH

Apr 24, 2024 | 07:30 am

TL;DR Renzo’s ezETH Token Value Drops: Renzo, the second-largest protocol for liquid restaking, experienced a significant drop in the value of its restaked ETH (ezETH) token. The price plummeted due to limited liquidity in the market, moving away from its usual 1:1 peg with WETH to a low of 0.27. Liquidation and Discontent: The liquidation ... Read more

Dogeverse raises $10 million – Is it the new king of memes?

Apr 24, 2024 | 07:30 am

The world of meme coins has captivated many savvy investors and enthusiasts since the start of the year, thanks to its community, positive vibes, and inclusivity. Yet, as we approach a new bullish cycle, it is imperative that we find the next best meme coin, ready to provide the best features and gains. Remarkably, Dogeverse …

SEC in Trouble? Judge Forces Lawyers To Quit $49M Crypto Case

Apr 24, 2024 | 07:27 am

Two senior attorneys from the U.S. Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have resigned following a federal judge's criticism of their management of an SEC crypto case against the cryptocurrency firm Debt Box. The post SEC in Trouble? Judge Forces Lawyers To Quit $49M Crypto Case appeared first on CoinChapter.

FLOKI and BONK tokens suffer 5% dip after joint listing on Revolut

Apr 24, 2024 | 07:20 am

In a turn of events that has caught the attention of cryptocurrency investors worldwide, FLOKI and BONK tokens have witnessed a 5% decline in their prices shortly after the announcement of their listing on Europe’s leading neobank, Revolut. Initially, investors reacted positively to the announcement of the listing on such a prominent platform; however, a …

Assessing The Significance of RWA Tokenization In Industry Growth

Apr 24, 2024 | 07:15 am

Real-world assets (RWAs) have entered the market, turning what was once considered illiquid assets into adaptive, accessible, and transferable tokenized assets. The paradigm shift towards RWA integration in the Web3 space has been swift, and the consequential impact has been significant. The tokenization of RWAs can enable the integration of tangible physical assets like real […]

Stacks (STX) surges 30%, analysts keep their eyes peeled with hot new meme coin KangaMoon set to 30x

Apr 24, 2024 | 07:10 am

Seasoned investors are used to the turbulence of the crypto market, and the past week has shown just another remarkable example. As the Stacks (STX) token rallied an impressive 30% at the start of the month, defying broader market trends, a new phenomenon is brewing on the horizon. Analysts and investors alike are turning their …

Granted Digital Heritage: Picasso & Dali now sold for crypto!

Apr 24, 2024 | 07:05 am

April 15th in Dubai—a day poised to change the art industry and the broader real-world […]

Binance kicks off embarrassing week with class action lawsuit in Canada

Apr 24, 2024 | 07:00 am

Legal hurdles continue to hound Binance after being hit with a class action lawsuit in Canada for allegedly breaching securities laws, while its app in the Philippines looks to be taken down. [...] Read More... The post Binance kicks off embarrassing week with class action lawsuit in Canada appeared first on CoinGeek.

MATIC prices set for a U-turn? Analyst points to key buy signal

Apr 24, 2024 | 07:00 am

Although MATIC has seen a recent spike in bullish activity, the bears remain actively in control of its market.

Ethena (ENA) and Cardano (ADA) Millionaire Enter $888k Comp To Purchase New Lamborghini Aventador With Free Crypto

Apr 24, 2024 | 07:00 am

Cryptocurrency is not just reshaping the financial world; it’s making its mark on the luxury market as well. A notable example of this trend is an Ethena (ENA) and Cardano (ADA) millionaire who has entered the Option2Trade (O2T) competition with an $888k prize, eyeing to use the winnings to purchase a Lamborghini Aventador entirely with […] The post Ethena (ENA) and Cardano (ADA) Millionaire Enter $888k Comp To Purchase New Lamborghini Aventador With Free Crypto appeared first on CoinChapter.

Stablecoins Surge: Record 93.6 Million Addresses Hold Dollar and Crypto-Pegged Assets

Apr 24, 2024 | 06:51 am

TL;DR The number of addresses holding and using stablecoins has significantly increased this year, reaching a record high of over 93.6 million. Tether (USDT) leads the market, with a market capitalization of $114.07 billion, which accounts for more than 80% of the total addresses. USDC and BUSD closely follow. A bill has been introduced in ... Read more

Strike's Expansion into Europe Accelerates Bitcoin Adoption

Apr 24, 2024 | 06:42 am

Strike, a payments application utilizing the Bitcoin blockchain, has launched its services in Europe, enabling customers in the region to engage in buying, selling, and withdrawing bitcoin (BTC). The announcement was made today (Wednesday).Expanding Operations across ContinentsHaving recently expanded its operations to Africa, Strike has already established its presence in Asia, the Caribbean, and Latin America. However, availability may vary by country, and interested customers are encouraged to check their local iOS or Android app stores for accessibility, as some regions may be excluded from the expansion.“As the third-largest economy globally … Europe presents vast opportunities for bitcoin adoption,” Strike said in a press release. “We’ve seen the demand and heard the feedback first-hand from the community.”Blockchain technology is reshaping global payments with its security and efficiency. Unlike traditional methods prone to fraud, blockchain's decentralized ledger ensures secure transactions. Advanced cryptographic techniques like digital signatures bolster security further. Eliminating intermediaries, blockchain enables direct peer-to-peer transactions, expediting settlements and reducing costs. Cross-border payments, often costly and time-consuming, stand to benefit greatly from blockchain's streamlined approach. With its potential to simplify and secure transactions, blockchain emerges as a disruptive force in the global payment landscape.🚨LATEST: Bitcoin Payment App Strike Expands to Europe, Boosting Crypto Accessibility https://t.co/5p4jJ6qpDX— CryptoCrunchApp (News Feed) (@GoCryptoCrunch) April 24, 2024Introducing Bitcoin-Powered Payment Solution for European MarketDeveloped by Chicago-based Zap Solutions under the leadership of entrepreneur Jack Mallers, Strike was initially introduced in the United States in 2020. Similar to widely used online payment platforms such as Cash App or PayPal, Strike facilitates global money transfers for its users. Notably, Strike distinguishes itself by leveraging the Bitcoin blockchain, which enables swifter and more cost-effective transactions compared to conventional alternatives.In Europe, customers will have the convenience of conducting BTC transactions directly with euro deposits via SEPA, the region’s payments provider. Recipients of these funds will have the flexibility to opt for receiving the value in either bitcoin, euro, or, in select areas, Tether’s USDT stablecoin. This article was written by Tareq Sikder at www.financemagnates.com.

Arthur Hayes Foresees BTC Surge: “Bitcoin is the Hardest Money Ever Created”

Apr 24, 2024 | 06:16 am

TL;DR Bullish on Bitcoin: Arthur Hayes, co-founder of BitMEX, is optimistic about Bitcoin’s future, citing the macroeconomic environment and the potential burst of the sovereign debt bubble as catalysts for growth. Market Transition: Hayes notes the market is moving past a period of weakness and suggests that the factors driving Bitcoin’s past success may differ ... Read more

A nonproductive blockchain can’t solve the fiat problem

Apr 24, 2024 | 06:00 am

A blockchain with unbounded scaling and offers low-cost transaction is the key to addressing the problem with today's fiat, but society needs to wake up first and recognize this fact. [...] Read More... The post A nonproductive blockchain can’t solve the fiat problem appeared first on CoinGeek.

Blocktrade Arcade Surpasses One Million Gameplays Three Months After Launch

Apr 24, 2024 | 06:00 am

Luxemburg, Luxemburg, April 24th, 2024, Chainwire EU-regulated crypto trading platform Blocktrade is celebrating a major milestone after its Arcade surpassed a million gameplays just three months after launch. The landmark highlights the feature’s immediate popularity with users, who clearly value the Arcade’s blend of gaming excitement and trading thrills. Designed to elevate the typical trading […] The post Blocktrade Arcade Surpasses One Million Gameplays Three Months After Launch appeared first on CoinChapter.

US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report

Apr 24, 2024 | 05:55 am

US prosecutors have proposed a 36-month prison sentence for Binance's former CEO, Changpeng Zhao. According to a report by CNBC, the prosecutors argued that such a sentence, which is double the advisory guidelines, reflects the seriousness of the charges against Zhao.The recommendation, outlined in a sentencing memorandum filed with the Western District Court of Washington, highlights the severity of the accusations against Zhao, who stepped down from his position last November following a plea deal with the US Department of Justice.US Prosecutors' Charges against ZhaoUS prosecutors said a 36-month custodial sentence is necessary to underscore the seriousness of the charges against Zhao, which include failure to implement anti-money laundering measures as mandated by the Bank Secrecy Act. The memorandum emphasized Zhao's alleged role in allowing Binance to process transactions involving unlawful activities, including those from sanctioned countries. The case against Zhao occurs amidst a backdrop of legal challenges for Binance, with the exchange facing lawsuits from both the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Allegations include mishandling customer assets and operating an illegal, unregistered exchange in the US. Authorities have also ordered Binance to pay hefty fines, with Zhao agreeing to a $50 million penalty as part of the plea deal. However, he has not publicly commented on the recent developments. Zhao's official sentencing is scheduled for April 30.Binance CEO's Legal StruggleIn January, a federal judge rejected a travel request from Zhao to visit his home in the United Arab Emirates for a family emergency. The judge deemed him a significant flight risk due to his immense wealth and ties to the UAE, despite offering to post his $4.5 billion equity in Binance as security for his return.In November, Zhao pleaded guilty in a Seattle federal court to failing to maintain an effective anti-money laundering program at Binance. As part of the case, Binance agreed to pay $4.3 billion in penalties. In a letter to Judge Richard Jones dated December 22, Zhao's lawyers requested permission for him to travel to Abu Dhabi on January 4 for one to four weeks due to a family emergency. However, federal prosecutors did not consent to Zhao's request, leading to a hearing on December 29, when Judge Jones denied the travel bid. This article was written by Jared Kirui at www.financemagnates.com.

Blackrock Now Holds Over 250,000 Bitcoin (BTC),Investors Gear Up For Altcoin Season With Rollblock (RBLK) and Polkadot (DOT)

Apr 24, 2024 | 05:45 am

The landscape of cryptocurrency investment is witnessing significant shifts, with major players like Blackrock amassing substantial Bitcoin holdings and the rising anticipation of an altcoin season. As Bitcoin stabilizes, investors expect an investment spillover from Bitcoin which could trigger an alt season. Among the standout altcoins poised for potential growth are Rollblock (RBLK) and Polkadot […] The post Blackrock Now Holds Over 250,000 Bitcoin (BTC),Investors Gear Up For Altcoin Season With Rollblock (RBLK) and Polkadot (DOT) appeared first on CoinChapter.

Research Reveals Mobile Devices as Catalysts for Efficient Decentralized Infrastructure Networks (DePINs)

Apr 24, 2024 | 05:34 am

Zug, Switzerland, April 24th, 2024, Chainwire Researchers from the University of Zürich’s Communication Systems Group, in collaboration with the Acurast Association building on Polkadot and other ecosystems, have unveiled groundbreaking results in their latest study, “Performance Analysis of Decentralized Physical Infrastructure Networks and Centralized Clouds.” This work demonstrates the viability of Decentralized Physical Infrastructure Networks […] The post Research Reveals Mobile Devices as Catalysts for Efficient Decentralized Infrastructure Networks (DePINs) appeared first on CoinJournal.

Could Litecoin Really Crash 90% In the Near Future?

Apr 24, 2024 | 05:34 am

The price of Litecoin is recovering following the April flash market crash. Moreover, Litecoin recently achieved an important milestone, but that might not excuse the token from the bearish cues threatening it. The post Could Litecoin Really Crash 90% In the Near Future? appeared first on CoinChapter.

Worldcoin update: What’s going on with the WLD token?

Apr 24, 2024 | 05:32 am

Worldcoin subsidiary plans to sell up to 36 million WLD tokens over next six months WLD supply could increase by as much as 19%. Worldcoin price hovered around $5.48 on Wednesday, flat on the day after paring earlier gains. The scenario that the supply of Worldcoin increases by up to the above number of coins […] The post Worldcoin update: What’s going on with the WLD token? appeared first on CoinJournal.

Less Than a Week Before the Sentencing, the DOJ Seeks 3 Years of Prison for Binance Founder, CZ

Apr 24, 2024 | 05:30 am

TL;DR The U.S. Department of Justice (DOJ) seeks a three-year prison sentence for Changpeng Zhao, former CEO of Binance. The request is based on Zhao’s deliberate violation of U.S. law. Zhao’s defense argues for probation, claiming he was unaware of suspicious transactions on Binance. The U.S. Department of Justice has requested a three-year prison sentence ... Read more

Crypto Experts Believe These Cheap Cryptos Will Turn Your $10 to $1000 in 2024

Apr 24, 2024 | 05:30 am

After battling the bear trend for days, the market is now bouncing back, with many coins heading to the uptrend. While crypto investments are tricky, smart investors are always searching for low-priced tokens that will yield massive income in the short term. Despite the high volatility in the market, some top crypto coins still guarantee […] The post Crypto Experts Believe These Cheap Cryptos Will Turn Your $10 to $1000 in 2024 appeared first on CoinChapter.

Twitter Founder Jack Dorsey Announces Cutting-Edge Bitcoin Mining Chips Set to Redefine Performance Standards

Apr 24, 2024 | 05:26 am

TL;DR Block’s New Bitcoin Mining Chip: Jack Dorsey, CEO of Block, has announced the successful development of a sophisticated 3nm Bitcoin mining chip, marking a significant milestone in the company’s efforts to decentralize Bitcoin mining hardware and hashrate distribution. Community Involvement and Innovation: Block has been actively seeking input from the mining community to address ... Read more

RFK Jr.’s US ‘budget on blockchain’ plan will only work on the right blockchain

Apr 24, 2024 | 05:24 am

In a bid to gain voters' trust, Robert F. Kennedy Jr. has pledged to put the U.S. budget on blockchain to provide the public full transparency of the government's spending. [...] Read More... The post RFK Jr.’s US ‘budget on blockchain’ plan will only work on the right blockchain appeared first on CoinGeek.

Dubai-Based CoinW Unveils Rebranding and Prop Trading Product

Apr 24, 2024 | 05:21 am

CoinW Exchange, a notable presence within the digital asset trading domain, is undergoing changes as it observes its sixth-year anniversary. Situated in Dubai, the exchange has revealed an exhaustive rebranding effort alongside the debut of its Proprietary Trading (Prop Trading) product. Introducing Prop Trading for Profit OpportunitiesHaving cemented its position within the digital assets trading industry, CoinW Exchange is now set to enter a fresh phase of development. A centrepiece of its transformation is the launch of the Prop Trading product, an offering aimed at providing traders with expanded avenues for profit optimization. This new product is set to play a role in CoinW Exchange's strategic outlook for the future according to the firm.According to Sonic, the Director of CoinW PropTrading: "We have a host of exciting plans in the pipeline that promise to revolutionize the way digital assets are traded. We hope CPT can bring more opportunities to talented traders who are short of fund. CoinW will be the place that they can truly shine."Challenges and Opportunities: UAE's Crypto JourneyA recent survey by KuCoin sheds light on the growing cryptocurrency landscape in the United Arab Emirates (UAE), as reported by Finance Magnates. Despite challenges, 59% of UAE crypto users view it as a long-term investment and 35% use it for portfolio diversification. Additionally, 29% see crypto as a more convenient asset storage method than traditional banks, and 22% use it for daily transactions. Challenges include market volatility (52%), trust issues with crypto platforms (48%), and a lack of education (26%). However, the UAE benefits from strong financial infrastructure, cultural openness, regulatory favorability, access to capital, a skilled workforce, and global networks, positioning it as a promising hub for crypto industry growth.Amidst escalating tensions, MetaQuotes is reportedly tightening restrictions on the use of MetaTrader platforms, although no official confirmation has been issued. This has led to the abrupt termination of partnerships between many proprietary trading firms and their brokerage partners. The primary concern appears to be the presence of active US clients onboarded by these platforms. Proprietary trading has been predominantly linked with unregulated entities. However, regulated brokerages such as OANDA, Axi, and Hantec Markets have recently ventured into this space, keeping their services outside the US jurisdiction and under offshore regulatory entities. This article was written by Tareq Sikder at www.financemagnates.com.

Dont Miss Out on These Top Coins Analysts Predict to Explode

Apr 24, 2024 | 05:00 am

The crypto space is ever-evolving and the market is quite volatile, resulting in significant price uptrends, or dips depending on the overall momentum. Recently, the most significant level of attention has gone towards cryptocurrencies which can spike upwards in value due to this volatility, where analysts project significant gains not only until Q4 of 2024 […] The post Dont Miss Out on These Top Coins Analysts Predict to Explode appeared first on CoinChapter.

Tesla Stands Firm: Holds $711 Million in Bitcoin Amidst Market Turbulence

Apr 24, 2024 | 04:57 am

TL;DR Tesla maintains its confidence in Bitcoin by keeping its 9,720 BTC intact during the first quarter of 2024, without making any sales or purchases. The company reported disappointing financial results, with revenues of $12.3 billion, well below the expected $21.4 billion. Elon Musk hinted at the possibility of using Dogecoin as a payment method ... Read more

Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees

Apr 24, 2024 | 04:06 am

Willemstad, Curacao, April 24th, 2024, Chainwire CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X: After kicking off on Friday April 19, the ongoing tournament series will end on April 28, […] The post Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees appeared first on CoinJournal.

Detained Binance Executives’ Bail Hearing in Nigeria Pushed to May 17

Apr 24, 2024 | 02:19 am

Tigran Gambaryan, the detained Binance executive in Nigeria, will remain in custody until a bail hearing on May 17. Meanwhile, his trial is scheduled for May 2.More Jail Time in NigeriaThe extension of Gambaryan’s remand was granted by the Nigerian court yesterday (Tuesday) amid opposition from federal prosecutors to the appeal for bail. The crypto exchange’s executive has already pleaded not guilty to charges of tax evasion and money laundering.Gambaryan holds the position of Head of Financial Crime Compliance at the crypto exchange. He and another fellow Binance executive, Nadeem Anjarwalla, who holds the position of its African Regional Manager, traveled to Nigeria in an official capacity earlier this year but were detained by local authorities.Nigeria’s Economic and Financial Crimes Commission brought four counts of tax evasion charges against the exchange and the two detained executives. The charges primarily blame the defendants for non-payment of value-added tax, income tax, and failure to file tax returns. The exchange has been accused of aiding Nigerians in evading tax through its platform.In an earlier statement, the exchange made it clear that the two executives were wrongly blamed as they did not have any decision-making authority.The Great EscapeMeanwhile, Anjarwalla, one of the detained defendants and a citizen of both the UK and Kenya, escaped detention earlier this month and reportedly fled the country. Although his UK travel documents were seized by Nigerian authorities, he allegedly used Kenyan credentials to flee the country on a Middle Eastern airline.Several local Nigerian publications recently reported on Anjarwalla’s arrest in Kenya and possible extradition to Nigeria to face trial. However, Anjarwalla’s wife came out and denied all these reports.Yuki Gambaryan, the wife of Gambaryan, launched a petition requesting the US State Department, Nigeria’s Economic and Financial Crimes Commission, the Nigerian government, and US President Joe Biden to return her husband to the US. This article was written by Arnab Shome at www.financemagnates.com.

nChain’s Stefan Matthews talks developing technology solutions for the Philippines and the world

Apr 24, 2024 | 02:00 am

In this CoinGeek Backstage interview, Stefan Matthews highlights nChain's initiatives in fostering blockchain innovation in the Philippines and looks at the potential of other emerging technologies. [...] Read More... The post nChain’s Stefan Matthews talks developing technology solutions for the Philippines and the world appeared first on CoinGeek.

Bitcoin Price Hits Critical Resistance Level — Can Bulls Send BTC To $72K?

Apr 24, 2024 | 00:55 am

In the last analysis with a weekly chart, we discussed the importance of the $60,000 support zone for Bitcoin. The price did test dive, but the bulls were active near the $60,000 zone and the parabolic curve. A low was formed at $59,675, and the price started a fresh increase. The post Bitcoin Price Hits Critical Resistance Level — Can Bulls Send BTC To $72K? appeared first on CoinChapter.

Monex Group Bets Big on Crypto with 3iQ Acquisition and QMAP Investment

Apr 24, 2024 | 00:28 am

The Tokyo-based financial services company Monex Group has completed its acquisition of a majority stake in 3iQ Digital Holdings, a Canadian crypto asset manager. The acquisition, initially announced in December 2023, has resulted in 3iQ and its subsidiaries becoming part of the Monex Group. Monex Group Acquires Majority Stake in Canadian Crypto Asset Manager 3iQTo support 3iQ's rapid business expansion, Monex Group has also invested $7.5 million in 3iQ's Managed Account Platform (QMAP). QMAP offers institutional investors access to a diverse range of crypto hedge funds, featuring alpha-oriented strategies tailored to meet the complex demands of global institutions. This investment significantly strengthens 3iQ's institutional digital asset management position.The company was the first to launch a Bitcoin fund on the Toronto Stock Exchange in Canada. It further assisted CoinShares in creating a cryptocurrency ETF. Now, it will expand its crypto services under the Monex umbrella.QMAP employs a stringent due diligence process to select fund managers with proven track records of generating alpha and effectively managing risks across various market cycles. These managers bring institutional backgrounds, specialized expertise, and operational excellence to the table."I have high [hopes] that QMAP will quickly become the leading platform for sophisticated investors to invest in a diversified suite of crypto hedge funds,” Yuko Seimei, the CEO of Monex Group, stated.The platform's managed account structure allows 3iQ direct control over assets, enhancing transparency and risk management capabilities. This approach eliminates the extra layer of fees typically found in traditional fund-of-funds structures, enabling investors to customize their allocations or choose from pre-designed model portfolios at no additional cost.“Together with Monex, we aim to create a superior investor experience that sets new standards globally,” added Pascal St. Jean, the President of 3iQ. "With a seasoned team, we remain committed to upholding our firm's decade-long tradition of developing cutting-edge investment solutions for institutional investors.”The acquisition of 3iQ and investment in QMAP align with Monex Group's goal of strengthening its asset management business. Recently, the company has expanded its operations in the APAC region, planning to increase employment in the sales department by 80%. This article was written by Damian Chmiel at www.financemagnates.com.

Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors

Apr 24, 2024 | 00:17 am

Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards […] The post Arthur Hayes says macro setup favours Bitcoin bulls as KangaMoon attracts investors appeared first on CoinJournal.

Crypto price predictions: BitBot, Pepe, Algorand (ALGO)

Apr 24, 2024 | 00:15 am

Cryptocurrency prices drifted upwards this week as investors reacted to the risk-on sentiment in the market. That view is supported by the performance of US equities like the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also pulled back as geopolitical risks have faded. Bitcoin price has remained above $66,000 […] The post Crypto price predictions: BitBot, Pepe, Algorand (ALGO) appeared first on CoinJournal.

The Web3 Renaissance is here

Apr 24, 2024 | 00:00 am

As the world enters the digital era, the London Blockchain Conference will tackle the ins and outs of Web3, guiding enthusiasts, leaders, and businesses toward becoming part of the tech revolution. [...] Read More... The post The Web3 Renaissance is here appeared first on CoinGeek.

ADA’s Post-Halving Plunge: Why Cardano Investors Are Fleeing

Apr 23, 2024 | 20:51 pm

Despite its recent recovery rally, Cardano's ADA token might be at the risk of a correction due to bearish cues from a technical setup. The post ADA’s Post-Halving Plunge: Why Cardano Investors Are Fleeing appeared first on CoinChapter.

10 Essential Strategies to Conquer Your Crypto Trading Anxiety

Apr 23, 2024 | 20:44 pm

Crypto trading anxiety is eerily real and is now affecting users in this 24/7 trading environment. Lets discuss how you could reduce it. The post 10 Essential Strategies to Conquer Your Crypto Trading Anxiety appeared first on CoinChapter.

3 Key Insights Into Binance’s Latest Class-Action Lawsuit

Apr 23, 2024 | 20:30 pm

The lawsuit, filed on April 19, accuses Binance of offering crypto derivative products to retail investors without proper registration, thus violating the Ontario Securities Act and federal laws. Lawyers Christopher Lochan and Jeremy Leeder represent the plaintiffs, who contend that Binance’s actions were not only unauthorized but also detrimental. The post 3 Key Insights Into Binance’s Latest Class-Action Lawsuit appeared first on CoinChapter.

X Payment Integration Includes Dogecoin Feature

Apr 23, 2024 | 17:36 pm

Dogecoin could be on the cusp of a monumental price rally, with crypto analysts projecting a potential 700% uptrend towards the $1 mark, as X (formerly Twitter) includes the coin in X payment integration. The new X Payments feature is aimed at fostering greater financial inclusivity and crypto adoption. According to Christopher Stanley, X’s Chief […] The post X Payment Integration Includes Dogecoin Feature appeared first on CoinChapter.

Near Protocol Price AI Hype-Fueled Rally Gets Boost From Technical Setup

Apr 23, 2024 | 17:16 pm

Near Protocol price rallied 49% since April 15 to reach a daily high near $7.3, riding on a growing interest in AI-related crypto tokens. The post Near Protocol Price AI Hype-Fueled Rally Gets Boost From Technical Setup appeared first on CoinChapter.

FTX Auction Of More Solana Tokens This Week, Potential Bidders Say

Apr 23, 2024 | 17:08 pm

NAIROBI (Coinchapter.com) – Bankrupt crypto exchange FTX will auction off more of its Solana (SOL) tokens this week. The sale could impact SOL prices, but also presents a potential buying opportunity. This follows FTX’s liquidation of $1.9 billion in SOL holdings in March. According to Bloomberg, the auction has a Wednesday deadline, with results expected […] The post FTX Auction Of More Solana Tokens This Week, Potential Bidders Say appeared first on CoinChapter.

Ripple Contests $2 Billion Penalty Demand in SEC Lawsuit

Apr 23, 2024 | 16:51 pm

In the latest update in the Ripple SEC lawsuit, the firm has submitted its response to the SEC's request for nearly $2 billion in penalties The post Ripple Contests $2 Billion Penalty Demand in SEC Lawsuit appeared first on CoinChapter.

AKT Token Rallies on Upbit Debut, Could $6.5 Be the Next Stop?

Apr 23, 2024 | 16:39 pm

NAIROBI (Coinchapter.com) – Akash Network, the decentralized cloud computing platform, witnessed a meteoric rise in its token AKT, surging to nearly $7 on Tuesday. This price surge followed AKT’s listing on Upbit, South Korea’s largest cryptocurrency exchange by trading volume. Over the past 24 hours, Akash Network (AKT) soared over 50%, a remarkable feat after […] The post AKT Token Rallies on Upbit Debut, Could $6.5 Be the Next Stop? appeared first on CoinChapter.

Binance Faces Fresh Regulatory Storm: Philippines Orders Google and Apple to Remove Apps

Apr 23, 2024 | 12:31 pm

The Philippines' securities regulator has taken enforcement action against Binance, ordering Google and Apple to remove their apps from their respective app stores. This action follows allegations that Binance offered unregistered securities to Filipino investors.Philippines' SEC Targets Binance's Apps The Philippines' Securities and Exchange Commission (SEC), through its Chairperson, Emilio Aquino, highlighted the threat posed to the security of investors' funds by continued access to Binance's sites and apps. The regulator alleged that Binance's presence in the app stores facilitates the spread of its illegal activities in the country. This action is a response to findings that the exchange promoted its services to attract funds from Filipinos despite lacking the necessary licensing from the regulator.🚨PHILIPPINES SEC GOES TO WAR AGAINST BINANCE🚨Blocking Binance will “prevent the further proliferation of its illegal activities in the country”- According to a post on the regulator’s official website, The Philippines version of the SEC is actively working with… https://t.co/kDCxReyoZ7 pic.twitter.com/IooxO752Jv— BSCN (@BSCNews) April 23, 2024The latest enforcement action in the Philippines adds to Binance's mounting legal challenges, including the recent replacement of its CEO and a hefty fine imposed by the US government against the exchange for alleged violation of anti-money laundering regulations.Changpeng Zhao, the former CEO of Binance, awaits sentencing on charges related to violating the Bank Secrecy Act. Furthermore, the exchange is entangled in legal battles with both the US Securities and Exchange Commission and the Commodity Futures Trading Commission over purported mishandling of customer assets.The Philippines' SEC has advised investors holding assets in Binance to promptly close their positions or transfer them to registered exchanges or wallets within the country.Binance Grapples with Legal HurdlesLast month, the Philippines' SEC blocked Binance's operations as an investment and trading platform due to claims that the exchange lacked the required license. According to the watchdog, Binance has continued its activities despite warnings issued since November 2023.In a meeting held on March 12, the SEC formally requested the National Telecommunications Commission to block Binance's website and associated web pages. Aquino emphasized the threat posed to Filipino investors' funds by allowing continued access to the platform.Binance's failure to secure the necessary license from the SEC contradicts the Philippines' regulations, which mandate companies secure approvals before soliciting investments and operating securities exchanges. Additionally, the exchange's extensive social media promotional campaigns targeting Filipino investors have raised concerns about compliance and investor protection. This article was written by Jared Kirui at www.financemagnates.com.

Crypto.com Delays App Launch in South Korea over Regulatory Scrutiny

Apr 23, 2024 | 08:49 am

Crypto.com has postponed the planned launch of its app in South Korea due to scrutiny by the regulators on the exchange's anti-money laundering practices. According to a local media publication Segye Ilbo, Korean financial authorities have initiated an emergency on-site inspection of the crypto exchange.Anti-Money Laundering ConcernsThe inspection, conducted by the Financial Intelligence Unit under the Financial Services Commission, followed the discovery of anti-money laundering-related concerns in the data submitted by Crypto.com.Crypto.com has emphasized its commitment to maintaining proper anti-money laundering standards, according to a report by Coindesk. The firm mentioned that it adheres to the "highest" standards. However, it intends to postpone the launch of the new service to ensure that Korean regulators are fully apprised of its policies, procedures, systems, and controls. The exchange had announced plans to launch a local mobile application facilitating coin trading next week. According to the firm, the service promises competitive pricing and support for various virtual asset transactions. Crypto.com obtained approval to operate in South Korea in 2022. However, regulatory hurdles have proved challenging for the crypto exchange.Early this month, Crypto.com announced the decision to debut the new app in South Korea, describing it as a specialized trading platform specifically designed for the Korean market. Commenting about the launch, Eric Anziani, the Chief Operating Officer of Crypto.com, highlighted Korea's tech-savvy population and its adoption of innovation as key factors driving this decision.Anziani mentioned: "The first product we will be launching in Korea is the crypto.com app, which is our most popular product globally. It's a fully mobile product offering a convenient and safe way to buy, sell, and store digital assets, including non-fungible tokens, enabling Korean customers to access global prices in a regulated manner."Navigating Korean Crypto RegulationsMoreover, the company aims to support Korean creators and artists through potential partnerships, leveraging the country's influence as a cultural powerhouse. Continuing talks with local banks, Crypto.com plans to establish partnerships for account authentication, a regulatory requirement in Korea.Presently, the Korean cryptocurrency market has five won-based exchanges authorized by financial authorities. By entering this market, Crypto.com will offer users an alternative trading platform while fostering competition and innovation in the local cryptocurrency sector. This article was written by Jared Kirui at www.financemagnates.com.

Ripple Pushes Back: Challenges SEC's Proposed $2 Billion Fine

Apr 23, 2024 | 01:31 am

Ripple Labs has formally opposed the US Securities and Exchange Commission’s (SEC) proposition to levy a substantial fine of nearly $2 billion against the company linked to the XRP Ledger blockchain. Filed yesterday (Monday), Ripple's opposition challenges the SEC's proposal, which seeks to persuade a New York judge to impose the hefty penalty.Legal Battle between Ripple and SECThe SEC's proposal outlines a fine totalling $1.95 billion, comprising $876 million for disgorgement, $198 million for prejudgment interest, and a civil penalty of $876 million. The basis for the SEC's case stems from allegations that Ripple Labs violated federal securities laws through its institutional sales of XRP. Notably, the court ruled in favour of Ripple on some fronts, dismissing parallel claims by the SEC regarding the legality of XRP sales on exchanges and algorithms.Ripple's opposition document includes a redacted paragraph concerning its revenue from institutional sales, the income taxes it paid, and its incurred losses. Within this segment, Ripple asserts that it had no gains to disgorge, positioning it as a crucial argument in its defence against the SEC's proposed penalties.“The Court should deny the SEC’s requests for an injunction, for disgorgement, and for pre-judgment interest, and should impose a civil penalty of no more than $10 million,” the filing said.🚨 BREAKING SEC VS. RIPPLE NEWS:#Ripple has filed a Motion to Strike new expert materials the SEC submitted in support of its Motion for Remedies and Entry of Final Judgment! FINAL JUDGEMENT! 🥳🎉Source: https://t.co/QgmUZcL0aX pic.twitter.com/uaFAluXMG2— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) April 22, 2024Anticipating Rise in Cryptocurrency IntegrationMeanwhile, Ripple has upgraded its crypto-enabled cross-border payments solution, known as Ripple Payments, as reported by Finance Magnates. This enhancement aims to improve enterprise-grade blockchain infrastructure. In a statement released today, the cross-border remittance network highlights the ongoing shift in the global financial space, with increasing investment from companies and legacy payment institutions in blockchain integration. It's anticipated that over 80% of global financial firms will incorporate cryptocurrencies into their operations within the next three years. Currently, Ripple offers expanded access to its extensive global network, spanning over 70 crypto and traditional payout markets, resulting in nearly 100% global payout coverage through a single onboarding process. This article was written by Tareq Sikder at www.financemagnates.com.

Ripple vs. SEC: Trial Resumes as Crypto Industry Braces for Impact

Apr 23, 2024 | 00:53 am

The legal battle between Ripple and the SEC over allegations of illegal sale of cryptocurrencies has reached a crucial step as the long-awaited trial starts today (Tuesday). The SEC first accused Ripple Labs of offering unregistered securities in December 2020. Ripple's defense is based on the argument that its native cryptocurrency, XRP, should not be classified as a security. As the trial begins, the crypto sector is eagerly awaiting the outcome, which could have significant implications for the future of Ripple and the broader digital asset industry, CryptoPotato reported. A Prolonged Legal DisputeThis trial represents an important moment for both parties, as a federal judge will ultimately determine the outcome of the dispute. Despite facing legal challenges, Ripple has garnered some favorable rulings in the run-up to the trial, fueling optimism among its supporters.A favorable ruling for Ripple could boost investor confidence and pave the way for regulatory clarity surrounding XRP. However, a ruling in favor of the SEC could negatively impact Ripple, potentially resulting in regulatory sanctions. It could also cast doubt on the legitimacy of XRP as a digital asset.Recently, the SEC sought nearly $2 billion in fines and penalties from the crypto company, Finance Magnates reported. In a motion filed in court in New York, the SEC requested substantial fines and penalties totaling $1.95 billion from Ripple Labs. Despite initial charges against the firm's CEO and Co-Founder being dropped last October, the company faces scrutiny from the regulators.SEC Demands Financial TransparencyAdditionally, the SEC is pushing Ripple to provide financial statements for the years 2022 and 2023 and documents disclosing the sale of XRP to institutions. The securities watchdog argues that the presiding judge previously identified these sales as unregistered securities offerings. Besides that, the SEC wants a clarification on the proceeds from institutional sales.Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the regulator's tactics, accusing it of issuing false and misleading statements aimed at punishing Ripple and intimidating the broader crypto industry. While charges against Ripple's CEO and Co-Founder were dropped last October, the company continues to face scrutiny over its XRP sales. The latest motion filed by the SEC underscores the regulator's determination to hold Ripple accountable for alleged violation of securities regulations. This article was written by Jared Kirui at www.financemagnates.com.

SEC Seeks a Total of $5.3 Billion from Terraform Labs and Do Kwon

Apr 23, 2024 | 00:43 am

The Securities and Exchange Commission (SEC) of the United States is seeking $4.7 billion in disgorgement and prejudgment interest from bankrupt Terraform Labs and its co-founder Do Kwon. The regulator is further seeking civil penalties of $420 million from Terraform and $100 million from Kwon.The Regulator Seeks a Hefty SumThe regulator’s request for monetary recovery and penalties was revealed in a motion it filed last Friday with the US District Court for the Southern District of New York. The motion also seeks a ban on Kwon from serving as an officer or director of a securities issuer. He is also required to provide complete details of all his accounts and assets.Meanwhile, legal representatives of Terraform and Kwon have filed briefs for potential remedies in the civil case simultaneously, suggesting a maximum monetary penalty of $3.5 million from the company and $800,000 from Kwon.However, the court has yet to rule on the newly filed motion. In an earlier ruling, the US court found Terraform Labs and Kwon liable for fraud in the case brought by the SEC.The trial against Kwon in the US proceeded in his absence.“Defendants have not shown remorse for their conduct, nor can there be any doubt that they are in the position where additional violations are not only possible but likely are already occurring,” the motion by the SEC noted. “The Court should send an unequivocal message that this sort of brazen misconduct, and Defendants’ misbegotten attempt to excuse their behavior by crafting new rules and standards of behavior for crypto markets in contravention of the federal securities laws [...] will not be tolerated.”Kwon’s Fate Hangs in the BalanceKwon was known for building Terraform Labs. However, the two cryptocurrencies of the project, TerraUSD and Luna, collapsed in 2022, resulting in the wipeout of about $37 billion in value. The collapse of the algorithmic stablecoin triggered the shuttering and collapse of several other cryptocurrency companies.He disappeared immediately from public sight after the collapse of his company but was arrested in Montenegro last year while traveling with fake travel documents. Both South Korea and the United States have been trying to extradite him. Meanwhile, he was released from the Montenegro prison on bail due to some technical issues in the extradition ruling against him. This article was written by Arnab Shome at www.financemagnates.com.

Binance under Fire: Ontario Court Certifies Class Action over Crypto Derivatives

Apr 22, 2024 | 12:56 pm

Ontario's Superior Court of Justice has certified a class action lawsuit against Binance, according to a report by Advisor.ca. The lawsuit alleges that Binance Holdings Limited violated securities law by offering crypto derivative products to retail investors without proper registration. Regulatory ScrutinyThis latest development occurred amid increasing scrutiny from regulatory authorities, including the Ontario Securities Commission (OSC). In 2021, Binance promised to cease operations with Canadian investors in response to the OSC's scrutiny and later agreed to an undertaking with the OSC to halt trading activities in Ontario. However, the OSC's investigation into possible regulatory breaches by the exchange is ongoing, with no formal allegations yet made against the company. The court noted that regulators have previously categorized crypto contracts as securities or derivatives, suggesting that the marketing of such contracts falls under securities law. This classification paves the way for the plaintiffs' claims of violation of securities law against Binance. Moreover, the court dismissed Binance's argument that it was merely a facilitator of trades between users, highlighting evidence that investors traded directly with Binance. Investors who purchased cryptocurrency derivative contracts from Binance starting September 13, 2019, are considered members of the class affected by the lawsuit. The case highlights the importance of regulatory compliance and investor protection in the rapidly evolving cryptocurrency trading landscape.Binance Faces Regulatory Pressure in CanadaLast year, Binance terminated its operations in Canada due to stringent regulations, particularly concerning stablecoins. Canada's regulations regarding cryptocurrencies took a new turn when the Canadian Securities Administrators classified stablecoins as "securities and/or derivatives."This action barred regulated crypto exchanges from offering services involving stablecoins, a significant component of the crypto market. Additionally, the province of Ontario mandated the registration of all cryptocurrency exchanges operating within its jurisdiction.Binance, acknowledging the evolving regulatory landscape, cited the new guidance related to stablecoins and investor limits as the main reason for its exit from the Canadian market. The exchange emphasized that the regulatory environment in Canada had rendered its operations untenable.Binance is not alone in its departure from Canada. Other prominent crypto exchanges, including Paxos and OKX, have opted to end their services for Canadian users due to regulatory pressure. However, exchanges such as Gemini, Coinbase, and Kraken are actively seeking authorization to strengthen their presence in the region. This article was written by Jared Kirui at www.financemagnates.com.

Bitcoin Miner Hut 8 Gains Momentum: Shares Surge as Coverage Begins

Apr 22, 2024 | 07:57 am

Hut 8, the result of a merger with US Bitcoin Corporation last November, has garnered attention due to its diversified business model, according to a research report by Benchmark released today (Monday).A Close Look at Revenue Streams and Crypto ReservesBenchmark analysts highlighted the company's various revenue streams, including self-mining, managed services, hosting, and involvement in high-performance computing and artificial intelligence sectors. Initiating coverage on Hut 8, Benchmark issued a buy rating with a $12 price target. At the time of publication, Hut 8's shares were trading 5.2% higher at $8.47.The report also noted Hut 8's bitcoin holdings, ranking second among listed miners as of March 31, with 9,102 bitcoins held in reserve. This substantial bitcoin reserve not only provides the company with a substantial liquidity cushion but also positions it to benefit from price rallies in the cryptocurrency market.Broker Benchmark initiated coverage of $BTC miner @Hut8Corp with a buy rating and a $12 price target. It said the company was more diversified following its merger with US Bitcoin Corporation. @willcanny99 reports.https://t.co/fsRstb2FXP— CoinDesk (@CoinDesk) April 22, 2024“Hut trades at a discount to its bitcoin mining peers that we expect to shrink as the company executes on its self-mining expansion plans,” Mark Palmer, an analyst, wrote. “Management has focused on actions aimed at reducing the company’s cost of mining bitcoin and its realized cost of energy and increasing its cash flow.”Hut 8's crypto holdings are valued at approximately $592 million, which accounts for about 82% of its market capitalization.Shutting Down Alberta Facility for Cost SavingsHut 8 recently closed its Bitcoin mining facility in Alberta, Canada, as part of its efforts to optimize operations and improve financial performance, as reported by Finance Magnates. The company has planned to relocate efficient miners to its Medicine Hat site while retiring old and inefficient ones. This move is expected to increase the company's cash flow, reduce mining costs, and boost Bitcoin production by approximately 11% per EH. This article was written by Tareq Sikder at www.financemagnates.com.

Middle East Records 166% Surge in Crypto Adoption, UAE Leads

Apr 22, 2024 | 07:32 am

The Middle East has emerged as a hotspot for cryptocurrency adoption, according to a recent report by Bitget Research. The average daily number of crypto traders in the region soared to 500,000 in 2024. This figure represents an increase of 166% year-over-year. Crypto in the Middle East This surge in crypto adoption is driven by several factors, such as favorable regulatory frameworks, the approval of Bitcoin ETFs, and the overall bullish sentiment in the cryptocurrency market. The United Arab Emirates (UAE) leads, with 72% of crypto users actively investing in Bitcoin.Centralized crypto exchanges globally have experienced an increase in the number of users from the Middle East. According to Bitget Research, these exchanges recorded over 500,000 daily active users on average in February 2024. This figure represents a substantial jump from the previous year. The UAE's crypto-friendly policies and the approval of spot Bitcoin ETFs have played an important role in crypto adoption.Although centralized exchanges dominate, decentralized platforms have gained momentum among Middle Eastern crypto users. Decentralized exchanges built on blockchains like Solana, BSC, and Ethereum are becoming the go-to digital platforms for P2P trading. Trust Wallet, MetaMask, and Bitget Wallet are among the top choices in digital wallets. Bitget Report: Middle East Crypto Market Surges, Daily Traders Up 166% in Year https://t.co/LBVs0UdlxD— Jared Kirui (@JaredLopta79285) April 22, 2024Speaking about the report, Gracy Chen, the Managing Director of Bitget, mentioned: “We are excited about the potential of the Middle East market and anticipate continued growth in both users and market size. The UAE, in particular, holds significant importance as a base within the region.”“It has emerged as a hub for cryptocurrency talents, funds, and enterprises while also steadily gaining global influence in the crypto space. We look forward to contributing to and witnessing the further development of this dynamic market."Steady Rise in Crypto AdoptionGenerally, Bitget Research's report highlighted a positive outlook for the future of cryptocurrency adoption in the Middle East. The report projects that the region's daily active users will continue to rise, reaching an estimated 700,000 by the end of 2024.Recently, Binance secured a fully operating virtual-asset service provider license from Dubai's Virtual Assets Regulatory Authority. The exchange's journey began with an Operational MVP license obtained by its local unit, Binance FZE, in mid-2023. This license allowed the exchange to offer broker-dealer services and virtual-asset derivative trading to institutional and individual investors. This article was written by Jared Kirui at www.financemagnates.com.

Thailand Cracks Down on Unregistered Crypto Services to Tackle Cyber Crime

Apr 22, 2024 | 06:18 am

Thailand is planning to block unauthorized cryptocurrency service providers to fight online crime. The Office of the Securities and Exchange Commission (SEC) is partnering with Thai government agencies to prevent criminals from utilizing crypto exchanges for illicit activities, including money laundering.Thailand Warns about Unregistered Crypto PlatformsAccording to the press release, Pornanong Busaratrakul, the Secretary General of the SEC, recently disclosed plans to submit information about unauthorized crypto service providers to the Ministry of Digital Economy and Society.The regulator's decision reflects similar actions taken by other countries like India and the Philippines. The SEC is strengthening its commitment to protecting investors and safeguarding the financial system by taking action against unregistered crypto service providers in Thailand. In light of this development, the SEC has urged users of unauthorized platforms to promptly withdraw their assets. Additionally, the commission has cautioned investors against using services offered by unauthorized digital asset operators, as they may not be protected by law. Besides that, the Thai securities watchdog has encouraged crypto traders to verify the legitimacy of digital asset operators by consulting its list of licensed businesses or using the "SEC Check First" application. Any suspicious activities can be reported to the SEC's Complaint and Whistleblower Center for further investigation.Global Crypto Regulation ShiftsWhile Thailand reinforces its regulations on crypto exchanges, digital asset platforms in Europe are also facing regulatory scrutiny. For instance, the recently adopted Markets in Crypto-Assets Regulation mandates the European Commission to assess the feasibility of decentralized finance for specific regulations by the end of the year.In South Korea, the country's financial regulator is preparing to adopt significant laws for virtual asset service providers (VASP), targeting the employment of executives in the sector. Specifically, these regulations would necessitate the vetting of executives before they assume roles within the VASP firms. This action is aimed at granting the Financial Services Commission (FSC) authority over personnel matters within the crypto industry.Should these proposals be enacted, companies seeking to renew their VASP licenses would face heightened scrutiny regarding their personnel decisions. The FSC will have the mandate to suspend the VASP licenses if there is an ongoing investigation targeting the executives. This article was written by Jared Kirui at www.financemagnates.com.

Breaking: Bitcoin Halving is Sealed after Mining of Block 840,000

Apr 19, 2024 | 17:14 pm

The Bitcoin halving just took place at block number 840,000. This event today reduced the mining reward for each block to 3.125 Bitcoins from 6.25 Bitcoins. New Bitcoins are introduced into circulation through these mining rewards.Another Bitcoin HalvingHalving is one of the most significant events in the cryptocurrency world and occurs approximately every four years, specifically after every 210,000 blocks. It greatly reduces the supply of Bitcoin, thus helping to control inflation by maintaining scarcity.Bitcoin was created on 3 January 2009. Initially, the reward for mining each block was 50 Bitcoins. The mining reward was first halved on 28 November 2012 in the first halving event. The next halving event took place on 9 July 2016, reducing the mining reward to 12.5 Bitcoins per block, while the third halving on 11 May 2020 reduced it further to 6.25 Bitcoins.Now, the reward for mining each Bitcoin block is 3.125 Bitcoins.The Cap of 21 Million BitcoinsBitcoin operates on a proof-of-work consensus mechanism, and according to the algorithm, a halving must occur every 210,000 blocks until all 21 million Bitcoins are mined. It is estimated that the next Bitcoin halving will happen in 2028.To alter this pre-set algorithm, a majority of Bitcoin miners, more than 50 percent, must agree, which is nearly impossible given Bitcoin's decentralized and extensive network.Currently, around 19 million Bitcoins have already been mined, leaving only 2 million more to be mined.The halving of Bitcoin supply has a significant impact on the cryptocurrency's price. Historically, it has been one of the major price drivers, with Bitcoin prices surging around the event. The event affects Bitcoin miners' operations, as a reduction in the reward by half without a corresponding significant price increase, affects the cash flow of the mining operations. This article was written by Arnab Shome at www.financemagnates.com.

Bitcoin Halving and Geopolitics: The Liquidity Conundrum

Apr 19, 2024 | 10:54 am

The long-awaited day of the 4th phase of Bitcoin's halving is looming in the cryptocurrency sector. The countdown to this event shows that it could happen around the final hours of Friday evening if you are located in the Americas or Saturday morning if you are in Asia or Europe.According to the market metrics, the event is much anticipated and should be discounted well in advance of its actual occurrence. In contrast to unpredictable overnight barrages of rockets in the heat of the Middle East, the halving event has a clear outcome; the amount of BTC rewards that miners get for completing a block will be reduced in half to 3.125 BTC from the current 6.25.This will inevitably lead to less supply from miners, but does it change the liquidity of the overall market? We will attempt to answer that question in the coming paragraphs, and while at it, we will highlight some challenges related to the current geopolitical landscape and the resulting jittery market conditions we have recently observed.Are Previous Halvings Linked to Liquidity Squeezes?Every time 210,000 blocks are mined, the Bitcoin network's protocol cuts the amount of new rewards in half. As highlighted by the institutional research team at Coinbase, therefore, the newly minted supply will drop from 900 Bitcoins per day to 450 Bitcoins per day. At current market prices ($65,000 per BTC), this equates to roughly $30,000,000 worth of new supply per day or $900,000,000 per month.These figures are rather low compared to the average daily trading volumes across crypto exchanges, especially since the launch of BTC ETF trading, which triggered increased interest in the asset class.The amount of tradable Bitcoin has been on the rise during the recent bull run that accelerated since early Q4 2023. According to the team at Coinbase Institutional Research, active BTC supply, defined as Bitcoin moved in the past three months, rose to 1.3 million. This figure is in comparison to 150,000, which was mined during that time.In a statement shared with Finance Magnates, Coinbase's Research Analyst, David Han, mentioned that the decline in BTC mining issuance could create new supply-side dynamics that are constructive in the longer term.Han expressed his doubts as to whether that can result in an imminent supply crunch: “We find that the largest contributors to increased BTC supply during bull markets come from long-term wallets beginning to activate instead of from newly mined BTC.”Crypto and Fiat Liquidity Cycles – the Signal and the NoiseA widely held belief in the cryptocurrency community is that halving events are usually followed by a significant rally in the value of their digital assets. While there is some historical correlation to corroborate this notion, science has long established that correlation does not imply causation.The logical fallacy where two events that occur at a similar time have a cause-effect relationship is at the center of spurious relationships: two events can be correlated, but that connection may not be causal.With only three halving events behind us and a fourth one brewing, one can observe correlations, but not necessarily cause-effect relationships. Halving events don’t perfectly coincide with central bank liquifying cycles, but as the chart below shows, there is some food for thought for risk-management teams and traders alike.Around the first halving in 2012, the Fed launched the third chapter of its post-financial crisis quantitative easing program (QE3), shortly followed by the first US debt ceiling crisis and the loss of the reserve currency issuer’s AAA rating.The second one, in 2016, was followed by the Bank of England’s post-Brexit ramp-up of bond buying in tandem with the ECB’s asset purchase program. Fast-forward to 2020, and we all remember the central bank and fiscal policy bazookas firing left and right with fiat liquidity so ample that it ultimately caused the sharpest spike in inflationary pressures globally since the 1970s. Geopolitical BlocksIt was an early morning in the Middle East, as a well-telegraphed attack by Iran had been unleashed upon Israel. With all other financial markets closed, it was up to crypto to reflect the current state of mind (or compute).The old Wall Street saying, “up the stairs, down the elevator,” came to mind as BTC and ETH dropped in tandem in rapidly dwindling liquidity conditions. That night, Coinbase registered about $2 billion worth of liquidations, the company’s institutional research team highlighted in a recent weekly market call.In contrast to the rather gradual price action that unfolded in the aftermath of the October 7th attack on Israel by Hamas, the Iranian attack, despite being well-telegraphed before the weekend, did result in material price action across the crypto market.At one point, Pax Gold, a crypto token supposed to be fully backed by gold, spiked about $1,000 at a time when the physical gold market, which is underpinning the coin's value, wasn’t open. The magnitude of the attack certainly surprised market participants, while some automatic “stop trading” commands must have been unleashed across algorithmic trading strategies.Events centered around geopolitical stress have certainly caused some leveraged players to rethink, not only in the crypto market. Jerome Powell's, the Chair of the Federal Reserve of the United States, higher rates for a longer period re-pivot raise questions about a widely expected easing of monetary policy.Speech by Chair Powell on the economic outlook @StanfordGSB: https://t.co/y6oLUN0LYwWatch live: https://t.co/a0ApMRHum2— Federal Reserve (@federalreserve) April 3, 2024To Bid, or Not to BidAs the halving cycles come and go, the impact of these events could lessen in time. Since most bitcoins have already been mined, the current market liquidity state is much more about the existing supply of BTC on the market than newly mined coins.A supply crunch overnight is the least likely event, and if very recent history is any guide, geopolitical tensions can create more volatility or liquidity waves on cryptocurrency and traditional financial markets.Guided by risk-on and risk-off flows, cryptocurrencies have been defying the trend occasionally, but at their core they remain a high-risk asset with a digital store of value component behind it. Only time will tell whether or not that[…]

Mango Markets’ Manipulator Faces up to 20 Years in Jail after Jury Conviction

Apr 18, 2024 | 23:22 pm

A federal jury in New York yesterday (Thursday) convicted Avraham 'Avi' Eisenberg, a crypto trader, for fraud and market manipulation in carrying out a $110 million heist from the decentralized cryptocurrency exchange Mango Markets. It was the first conviction in a cryptocurrency market manipulation case.Jail Time AheadHe is now facing substantial prison time: the commodities fraud count and the commodities manipulation count against him each carry a maximum imprisonment of 10 years, while the count of wire fraud carries a maximum sentence of up to 20 years. His sentencing is scheduled for July 29.“This ground-breaking prosecution epitomizes this office’s ability to employ innovative methods and cutting-edge law enforcement tools to continue to protect all financial markets,” US Attorney Damian Williams said.A $110 Million HeistIn October 2022, Eisenberg used two accounts to sell a large number of perpetual contracts of Mango’s crypto token MNGO from one of his accounts to the other, thus artificially inflating the price by 1,300 percent in under an hour. He then used the token as collateral to borrow $110 million in other cryptocurrencies from Mango Markets and quickly withdrew the funds. In doing so, he essentially withdrew all the cryptocurrencies deposited on the DeFi platform.Later, he negotiated a settlement with Mango Markets and agreed to return $67 million to the decentralized autonomous organization governing the protocol. He was arrested in December 2022 in Puerto Rico.In court, the defense lawyers tried to convince the jury that Eisenberg’s trades on Mango Markets were “successful and legal” and “fully complied” with the decentralized protocol’s scant rules. However, the jury sided with the prosecutors' portrayal of it as a “brazen” fraud and manipulation.The US Commodity Futures Trading Commission also brought civil fraud and market manipulation charges against Eisenberg.“Manipulative trading puts our financial markets and investors at risk,” the Principal Deputy Assistant Attorney General, Nicole Argentieri, said. “This prosecution, the first involving the manipulation of cryptocurrency through open-market trades, demonstrates the Criminal Division’s commitment to protecting U.S. financial markets and holding wrongdoers accountable, no matter what mechanism they use to commit manipulation and fraud.” This article was written by Arnab Shome at www.financemagnates.com.

Kraken Acquires TradeStation Crypto

Apr 18, 2024 | 22:23 pm

The crypto exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to support its expansion efforts in the United States, Coindesk reported.However, the closing date of the acquisition and other details remain unclear as neither company has announced anything officially. The financials of the deal have not been revealed.Kraken’s Push in the US“We can confirm Kraken has recently purchased TradeStation's crypto business,” a Kraken spokesperson wrote in an email confirming the acquisition to the crypto-focused publication. “This transaction is part of our efforts to accelerate our US presence and will support further growth and new product opportunities for Kraken in the US.”Indeed, Florida-based TradeStation Crypto holds money transmitter licenses in 47 states in the US, Washington DC, and Puerto Rico, according to the Financial Crimes Enforcement Center’s database. These licenses are necessary for running crypto exchange operations and registrar businesses in compliance with federal laws in the US.A Global Expansion PlanHeadquartered in San Francisco, Kraken is focused on its expansion, both domestically and internationally. In Europe, the exchange recently obtained multiple licenses, including regulatory approval in Spain and Ireland. Furthermore, the American exchange acquired BCM, a Dutch crypto exchange, late last year to expand its presence in continental Europe.Recently, Kraken expanded its services with the launch of a self-custodial cryptocurrency wallet. The exchange also offers a dedicated platform to its institutional clients, along with custodial solutions.Meanwhile, Kraken is facing regulatory backlash. The US securities regulator has charged the exchange with illegally operating an unregistered securities exchange, broker, dealer, and clearing agency, and with mixing customers’ money and crypto assets with its own.Interestingly, TradeStation Crypto settled with the Securities and Exchange Commission earlier this year by paying $1.5 million for offering crypto lending products, which were categorised as unregistered securities. This article was written by Arnab Shome at www.financemagnates.com.

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