Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Consensys sues SEC, seeks court declaration that Ethereum is not a security

Apr 25, 2024 | 13:28 pm

Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH). The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting “aggressive and unlawful” overreach. Consensys intends […] The post Consensys sues SEC, seeks court declaration that Ethereum is not a security appeared first on CryptoSlate.

Memecoins On A Run As PEPE And BOME Price Break Resistance?

Apr 25, 2024 | 13:22 pm

The post Memecoins On A Run As PEPE And BOME Price Break Resistance? appeared first on Coinpedia Fintech News The memecoin category has displayed a significant price action following the Bitcoin Halving, indicating a rising interest among investors for these tokens. Furthermore, top memecoins have recorded a significant surge in their respective portfolios over the past seven days. Moreover, the current market sentiments indicate a high possibility of a memecoin mania in the upcoming …

‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations

Apr 25, 2024 | 13:09 pm

In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]

Shiba Inu Burn Rate Sees Massive 2,076% Spike In 24 Hours

Apr 25, 2024 | 13:00 pm

In an interesting turn of events, the Shiba Inu burn rate has received a massive boost in the last day. This is a welcome change to the slow momentum which the burn initiative had recorded over the last week, proving that the SHIB community is coming back to the table to burn more tokens. Shiba […]

Bitcoin Halving Impact: Miner Revenue Remains Steady Despite Rewards Cut – BTC Price to Rallye to $75,000?

Apr 25, 2024 | 12:56 pm

The Bitcoin halving event has historically been viewed as a bullish signal for the cryptocurrency market. Bitcoin miners saw their daily income drop by 50% after the recent halving, posing challenges amid reduced block rewards. The Bitcoin halving is one of the most important events in the cryptocurrency space. The highly anticipated halving happened on [...]

Polkadot’s Contribution to a Sustainable Global Economy Through AI and Blockchain Integration

Apr 25, 2024 | 12:55 pm

The Decentralized Knowledge Graph, the basic innovation of OriginTrail, is a blockchain-agnostic framework that allows knowledge to be built, shared and verified decentralized. Polkadot integration maximizes OriginTrail’s influence by shaping a transparent digital future. A spotlight was recently cast on OriginTrail, one of the front-runners in blockchain and AI hybrids, following a tweet by Polkadot [...]

Fearless Crypto Whales Capitalize on Ripple’s XRP Turbulence With Multimillion-Dollar Buys

Apr 25, 2024 | 12:46 pm

This accumulation signals a resurgence in confidence towards XRP, hinting at a potentially bullish sentiment among these influential market participants.

Top Ethereum Layer-2 networks adopt Avail DA to boost rollup efficiency and security

Apr 25, 2024 | 12:45 pm

Several top Ethereum Layer-2 (L2) networks, such as Arbitrum, Optimism, Polygon, zkSync, and Starkware, are preparing to integrate Avail’s Data Availability (DA) solution, according to an April 25 statement shared with CryptoSlate. This integration will grant rollup builders access to Avail DA and its ecosystem, facilitating the development of scalable and efficient rollup architectures across […] The post Top Ethereum Layer-2 networks adopt Avail DA to boost rollup efficiency and security appeared first on CryptoSlate.

Consensys sues SEC for clarification on Ethereum (ETH) classification as a security

Apr 25, 2024 | 12:43 pm

Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure […] The post Consensys sues SEC for clarification on Ethereum (ETH) classification as a security appeared first on CoinJournal.

SEC’s Crypto Oversight: Justified or Overreaching, from Ripple to Ethereum?

Apr 25, 2024 | 12:36 pm

The recent crackdown on crypto mixing platforms like Tornado Cash raises concerns about the SEC’s potential overreach in its crypto regulatory efforts. Additionally, the SEC’s likely rejection of spot Ethereum ETFs further indicates its regulatory stance, as issuers anticipate denial despite efforts from BlackRock and Grayscale. The U.S. Securities and Exchange Commission (SEC) has been [...]

Consensys takes ‘Ethereum (ETH) is not a security’ matter to court

Apr 25, 2024 | 12:33 pm

Consensys has sued the SEC for wanting to take action against the firm for its […]

Slothana Raises $15M and Shiba Inu Secures $12M: Which Meme Coin Can Make You The Most Gains?

Apr 25, 2024 | 12:16 pm

Meme coin rivals Shiba Inu ($12M raised) and Slothana ($15M raised) grab attention with promises of utility and Solana-based innovation. The meme coin sector of the cryptocurrency market continues to witness significant activity. Two meme coin projects, Shiba Inu (SHIB) and Slothana ($SLOTH), have recently garnered considerable attention with their ongoing funding initiatives. Shiba Inu, […]

New Multichain Meme Coin Dogeverse Presale Surpasses $10 Million Milestone

Apr 25, 2024 | 12:09 pm

Dogeverse, a new multichain meme coin, surpasses $10 million presale target with its unique concept and multi-blockchain technology. The recent presale of Dogeverse ($DOGEVERSE), a new meme-inspired cryptocurrency with multichain capabilities, has attracted significant attention within the crypto community. The project has successfully exceeded its soft cap target of $10 million, marking a noteworthy milestone […]

Consensys Sues SEC To Protect Ethereum, Claims ETH Not A Security

Apr 25, 2024 | 12:07 pm

The post Consensys Sues SEC To Protect Ethereum, Claims ETH Not A Security appeared first on Coinpedia Fintech News ConsenSys has taken on the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in Texas federal court. The case focuses on the classification of Ethereum’s Ether as a security. ConsenSys argues this designation could harm the entire Ethereum network, posing significant risks to its functionality and innovation. This lawsuit not only challenges regulatory …

Ripple Price Drops As Bearish Clouds Gather! XRP To Test $0.48 Soon?

Apr 25, 2024 | 12:02 pm

The post Ripple Price Drops As Bearish Clouds Gather! XRP To Test $0.48 Soon? appeared first on Coinpedia Fintech News The crypto market displays significant price volatility as top tokens record increased price action post-Bitcoin Halving. Top altcoins witness a pullback toward their support levels, indicating a mixed sentiment in the crypto space. However, the XRP price continues to experience a bearish price action, indicating a rise in the investor’s disinterest. Despite the altcoin recording …

Despite market volatility, MicroStrategy’s “BTC per Share” reaches near record levels

Apr 25, 2024 | 12:00 pm

Quick Take MicroStrategy (MSTR) has recently experienced a pullback in its stock price, currently trading around $1,260 per share, down 35% from its recent high of nearly $2,000. This decline is in line with Bitcoin’s (BTC) 8% pullback over the same period. Despite the recent downturn, MicroStrategy’s stock has outperformed Bitcoin year-to-date — with MSTR […] The post Despite market volatility, MicroStrategy’s “BTC per Share” reaches near record levels appeared first on CryptoSlate.

Bitcoin’s Price Crossroads: Analysts Eye $61,000 to $59,000 Amid Bearish Signals

Apr 25, 2024 | 12:00 pm

Bitcoin (BTC) has recently exhibited indicators suggesting a possible decline in value, prompting analysts to urge caution as they anticipate the cryptocurrency potentially falling to the $59,000 level. This cautionary advice emerges amidst ongoing fluctuations in the crypto market, where investors vigilantly track Bitcoin’s trajectory. At the time of writing, Bitcoin’s current price stands at […]

Top Solana DEX Jupiter Eyes Mobile Trading With Acquisition of DeFi Wallet App

Apr 25, 2024 | 11:45 am

Solana (SOL) decentralized exchange (DEX) aggregator Jupiter has just acquired the decentralized finance (DeFi) wallet Ultimate Wallet amid plans to launch a zero-fee mobile trading platform in May. In a series of posts on social media platform X, Jupiter says the acquisition is part of a strategy to get more people into crypto. The plan […] The post Top Solana DEX Jupiter Eyes Mobile Trading With Acquisition of DeFi Wallet App appeared first on The Daily Hodl.

Solana-Based Memecoin Erupts Over 90% in Days After Community Overwhelmingly Votes To Reduce Supply

Apr 25, 2024 | 11:41 am

A Solana-based (SOL) meme asset has nearly doubled up just days after its community overwhelmingly passed a resolution to burn its supply. In a new announcement on the social media platform X, the decentralized autonomous organization (DAO) for memecoin Bonk (BONK) says it has voted to reduce the token’s supply by billions. “The BONK DAO […] The post Solana-Based Memecoin Erupts Over 90% in Days After Community Overwhelmingly Votes To Reduce Supply appeared first on The Daily Hodl.

Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers

Apr 25, 2024 | 11:39 am

The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. In a move that marks a significant advancement in the realm of digital asset management, […] The post Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers appeared first on CoinJournal.

Bitcoin’s First Negative Funding Rate of the Year Signals a Shift in Market Sentiment: Is $60,000 or $70,000 Next?

Apr 25, 2024 | 11:36 am

Bitcoin’s funding rate on the futures and derivatives market has dried up, turning negative for the first time this year as the market sentiment seems to shift post-halving. Analysts expect the upside to be capped in the short term and for the spot price to consolidate. Bitcoin’s funding rate has trended lower this year, and [...]

SEC cold-shoulders Ethereum ETF applicants in meetings, dashing hopes of May approval

Apr 25, 2024 | 11:36 am

The US SEC is expected to reject several applications for exchange-traded funds (ETFs) based on Ethereum, the world’s second-largest cryptocurrency, Reuters reported on April 25, citing industry insiders. The decision, anticipated in May, follows recent discouraging interactions between ETF issuers and the SEC. Firms such as VanEck and ARK Investment Management, among others, have submitted […] The post SEC cold-shoulders Ethereum ETF applicants in meetings, dashing hopes of May approval appeared first on CryptoSlate.

Kadena Announces Annelise Osborne as Chief Business Officer

Apr 25, 2024 | 11:30 am

April 24, 2024 – New York, New York Kadena, the only scalable layer-one PoW (proof-of-work) blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new chief business officer. With an illustrious career spanning over 20 years in finance, credit, real estate and digital assets, Osborne will be responsible for developing and leading new […] The post Kadena Announces Annelise Osborne as Chief Business Officer appeared first on The Daily Hodl.

Crypto Influencer ‘Jay Mazini’ Receives Seven-Year Jail Sentence And $10M Asset Seizure

Apr 25, 2024 | 11:30 am

In a Brooklyn federal court, a crypto-influencer on social media sites such as Instagram, Jebara Igbara, also known as “Jay Mazini,” was sentenced to 84 months for wire fraud, wire fraud conspiracy, and money laundering. According to the United States Attorney’s Office for the Eastern District of New York, Igbara’s schemes resulted in substantial financial […]

1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE

Apr 25, 2024 | 11:30 am

A strategic trader has made the most of his money after making over 1,000x profit with PEPE. Despite the recent frog-themed token slump, the memecoin investor gained millions. Similarly, whales have continued accumulating PEPE while it resumes its upward trajectory. Memecoin Trader Makes Millions According to Lookonchain data, a memecoin trader named James Wynn multiplied [...] The post 1,503x Profit: How A Memecoin Trader Made $13 Million With PEPE appeared first on Crypto Breaking News.

‘Privacy Is Not a Crime’ — Samourai Indictment Provokes Strong Reactions From Crypto Advocates

Apr 25, 2024 | 11:26 am

On Wednesday, the U.S. Department of Justice from the Southern District of New York brought charges against the creators of Samourai Wallet for running an unlicensed money transmission service and for engaging in money laundering activities. This development has left the cryptocurrency community in dismay, with many expressing their displeasure over the aggressive measures employed […]

Wormhole Price Jump 20% Today! W Token To Hit $1 Soon?

Apr 25, 2024 | 11:25 am

The post Wormhole Price Jump 20% Today! W Token To Hit $1 Soon? appeared first on Coinpedia Fintech News The cryptocurrency industry has displayed a significant correction over the past day with top tokens experiencing a pull toward their important support levels. Moreover, the market leader, Bitcoin price, recorded a low of $62,783.63 during this time. On the other hand, the Ethereum blockchain’s Wormhole token has displayed a significant bullish reversal in its chart …

Ripple Eyes Stablecoin for U.S. ODL Transactions Amid Legal Battles, XRP Excluded

Apr 25, 2024 | 11:20 am

Renowned digital asset researcher Anderson’s bold claims suggest that Ripple is poised to launch a stablecoin tailored for U.S.-based On-Demand Liquidity (ODL) customers. Ripple’s strategic move to introduce a stablecoin for U.S. ODL transactions underscores its efforts to maintain its foothold in the U.S. market amidst regulatory scrutiny. Renowned digital asset researcher Anderson has put [...]

Blockchain Life 2024 thunderstruck in Dubai

Apr 25, 2024 | 11:20 am

Dubai, April 17, 2024 – The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai. Representatives of the crypto industry have always stood apart, largely due to their unique character and the [...] The post Blockchain Life 2024 thunderstruck in Dubai appeared first on Crypto Breaking News.

NFT Lending Titans: Blend Leads Market Surge with $2.1B Volume in Q1 2024

Apr 25, 2024 | 11:17 am

As Non-Fungible Tokens (NFTs) rapidly proliferate, lending platforms have emerged as vital facilitators of liquidity and investment prospects. According to recent CoinGecko data, Blend has established itself as the unrivaled leader in this niche market, commanding an impressive 92.9% share as of March 2024. Blend’s Rapid Rise: A Leading Force in NFT Lending Blend’s trajectory […]

Ethereum (ETH) Breaks $3,200, Shiba Inu (SHIB) Surges 21%, Furrever Token (FURR) Sustains Momentum After $1M Presale

Apr 25, 2024 | 11:14 am

The post Ethereum (ETH) Breaks $3,200, Shiba Inu (SHIB) Surges 21%, Furrever Token (FURR) Sustains Momentum After $1M Presale appeared first on Coinpedia Fintech News In the aftermath of the recent Bitcoin halving event, the cryptocurrency market demonstrates notable resilience and dynamism. Ethereum (ETH) emerges as a frontrunner, smashing through the $3,200 resistance barrier, signaling bullish momentum. Meanwhile, Shiba Inu (SHIB) experiences a significant surge of 21% in just a week, capturing investor attention with its rapid growth. Amidst this …

$SNUKE Coin Could Become the Next Book of Meme (BOME) as it’s Pre-Sale Goes Live On Solana

Apr 25, 2024 | 11:09 am

The post $SNUKE Coin Could Become the Next Book of Meme (BOME) as it’s Pre-Sale Goes Live On Solana appeared first on Coinpedia Fintech News $SNUKE, a new meme coin inspired by the wild humor of South Park, is poised to be the next hit Meme Coin Solana blockchain by storm as it kickstarts its Pre-Sale today.With a pre-sale that allocates 60% of its tokens to early adopters, $SNUKE is setting the stage for a launch today as dynamic as …

Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity

Apr 25, 2024 | 11:08 am

ENO is blazing a trail with its entry as both an innovator in social tokens and in transforming social clubs. The time when conversations about ENO were limited to specific groups interested in wine and cryptocurrency is now behind us. ENO aims to draw in a broad spectrum of people, seamlessly connecting the cryptocurrency domain [...] The post Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity appeared first on Crypto Breaking News.

Bitcoin To Surge? Glassnode Co-Founders Say Indicator That Tipped Off January Rally Flashing Bullish Signal

Apr 25, 2024 | 11:05 am

The founders of the analytics platform Glassnode say one key indicator is suddenly flashing bullish again for Bitcoin (BTC). Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say an indicator that predicted Bitcoin’s massive rally to kick off the year may now be signaling another […] The post Bitcoin To Surge? Glassnode Co-Founders Say Indicator That Tipped Off January Rally Flashing Bullish Signal appeared first on The Daily Hodl.

Shiba Inu: Reason to expect an 18% price hike is…

Apr 25, 2024 | 11:00 am

Shiba Inu's market structure on the 12-hour chart was bullish, but the internal structure remains bearish.

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

Apr 25, 2024 | 10:44 am

Packed TOKEN2049 Dubai conference proves the resilience of the global crypto community, with attendees overcoming travel disruptions to participate Going from strength to strength, TOKEN2049 Singapore will return in September 2024 as the industry’s largest international gathering of the year, with 20,000 attendees Photo caption: ‘Pavel Durov, CEO of Telegram, onstage at TOKEN2049 Dubai’ Dubai, [...] The post TOKEN2049 Dubai Hailed as an Outstanding Success, with 10,000 Attendees appeared first on Crypto Breaking News.

Bitcoin Ordinals: ViaBTC Sells First Post-Halving Satoshi for $2.13M in Groundbreaking Auction

Apr 25, 2024 | 10:41 am

TL;DR ViaBTC mined and sold the first satoshi after Bitcoin’s latest halving, causing a sensation in the community. The Ordinals protocol allows for the identification and trading of individual sats, classifying them into different categories of rarity and therefore, value. The auction of the “epic satoshi” took place on CoinEx and reached a price of ... Read more

XRP bags a false breakdown, triggers a 70% breakout

Apr 25, 2024 | 10:30 am

XRP touched $0.42 to mark a ~50% crash from $0.7. That has been re-defined as a false breakdown, with the community now expecting a surge in the listed value. It could go as high as $1.4 in the times to come. The long-term consolidation is nearing its end. A bull run kicking in will take …

BlockDAG’s Powerful X10 Mining Rig & Lunar Keynote Teaser Outruns SHIB and AVAX Price Predictions

Apr 25, 2024 | 10:27 am

Amidst fluctuating markets, the Shiba Inu (SHIB) price showcases potential growth. Concurrently, AVAX seeks stability, with its price prediction wavering after recent dips. In contrast, BlockDAG captures attention with its remarkable presale success exceeding $20.6 million, fueled by the efficient and beginner-friendly X10 crypto mining rigs. This advancement, coupled with the excitement from its recent […]

Polygon’s Struggle: MATIC’s Descent Sparks Speculation on $1 Target’

Apr 25, 2024 | 10:25 am

The question looming over investors is whether MATIC has the potential to achieve a price milestone of $1 by the end of April. According to Bixley’s analysis, potential price targets post-breakout include $1.2, $5.4, and an ambitious $55. Polygon’s token, MATIC, experienced a significant downturn, dropping by 55% before showing signs of recovery on April [...]

Sam Altman’s Worldcoin eyeing PayPal and OpenAI partnerships

Apr 25, 2024 | 10:23 am

Worldcoin recently announced plans to launch its open-source blockchain, World Chain. Worldcoin has faced regulatory challenges around the world. Worldcoin’s collaboration with PayPal and OpenAI will be a major achievement for the company. Tools for Humanity, the company behind Sam Altman’s iris-scanning project Worldcoin, has hinted at potential partnerships with PayPal and OpenAI. According to […] The post Sam Altman’s Worldcoin eyeing PayPal and OpenAI partnerships appeared first on CoinJournal.

On April 24, the $RTF Token from Oleksandr Usyk’s READY TO FIGHT Project Will be Listed on WhiteBIT

Apr 25, 2024 | 10:18 am

On April 24, 2024, an event of significant convergence between the worlds of cryptocurrencies and boxing will take place — the listing of the inaugural Ready to Fight (RTF) boxing token on the world’s leading crypto exchanges, including WhiteBIT. The sale is set to commence at 10:30 UTC. Ready To Fight is an innovative SocialFi [...] The post On April 24, the $RTF Token from Oleksandr Usyk’s READY TO FIGHT Project Will be Listed on WhiteBIT appeared first on Crypto Breaking News.

Cryptopunk #635 Achieves $12.41M Sale, Joins Ranks of Top Priciest NFTs

Apr 25, 2024 | 10:15 am

On Thursday, a Cryptopunk NFT with an alien theme changed hands for 4,000 ether, equivalent to $12.41 million. This particular Cryptopunk, #635, ranks as the sixth priciest in the Cryptopunks collection. Cryptopunks Collection Sees Another Major Sale With $12.41M Transaction In 2024, another significant transaction involving Cryptopunk #635 took place on Apr. 25, fetching 4,000 […]

Investors likely to drive the bull for Cardano (ADA)

Apr 25, 2024 | 10:10 am

Cardano is possibly doing everything in its power to mark a bullish run. However, the prevailing sentiments are not exactly doing wonders for any existing crypto at the moment. Bitcoin, the dominant token, is in a downward trend with the correction tag. Ether is down, too, and ADA is pretty much just another crypto trembling …

Beck & Bulow Adopts Bitcoin as a Treasury Reserve Asset

Apr 25, 2024 | 10:09 am

Beck & Bulow, a nationally acclaimed meat and seafood company based in Santa Fe, New Mexico, has announced its decision to accept Bitcoin as payment online and in-store, as well as include it in their employee 401k program. The company has also committed to holding Bitcoin and revenue generated in Bitcoin in its reserves indefinitely. [...] The post Beck & Bulow Adopts Bitcoin as a Treasury Reserve Asset appeared first on Crypto Breaking News.

BlockDAG’s 30,000X ROI potential & Moon-shot keynote draw Ethereum Classic investors

Apr 25, 2024 | 10:05 am

Amidst the crypto market’s volatility, BlockDAG‘s staggering 30,000X ROI potential and the buzz surrounding its […]

BlackCard and BeCoin Experience Remarkable 4000% Value Surge Within 30 Days

Apr 25, 2024 | 10:04 am

The relentless hard work has finally paid off, leading to a highly successful debut in the market. BlackCard Credit Card is introducing the BcCoinToken. The AI technology enables you to effortlessly spend your cryptocurrency anywhere traditional debit cards are accepted. Say goodbye to limitations and embrace the freedom to use

Top 10 Cryptos of 2024: BlockDAG’s 20.6M Presale Surge Makes it the Best Among DOGE20, SLOTH, and POODL

Apr 25, 2024 | 10:00 am

BlockDAG is setting new benchmarks in the cryptocurrency market, far outpacing contenders like Dogeverse, Slothana, and Sponge V2. While Smog, Dogecoin20, and Poodl Inu navigate their niche, BlockDAG‘s advanced no-code smart contract platform is transforming access for creators across the globe. Unlike Golden Inu, Base Baboon, Dogecoin, and Shiba Inu, which focus on specific community [...]

Renowned Economist Reveals What Will Happen If Bitcoin Can’t Hold $60,000

Apr 25, 2024 | 10:00 am

Chief economist and Bitcoin critic, Peter Schiff has issued a somber prediction regarding the world’s largest cryptocurrency, Bitcoin. The financial expert has cautioned investors of the potential repercussions should BTC drop below critical resistance levels. Economist Predicts Bitcoin Price Decline In a recent X (formerly Twitter) post, Schiff shared a price chart of Bitcoin against [...] The post Renowned Economist Reveals What Will Happen If Bitcoin Can’t Hold $60,000 appeared first on Crypto Breaking News.

AI-Powered Discovery Network for NFTs Launches $PULSR Token

Apr 25, 2024 | 10:00 am

PRESS RELEASE. GEORGE TOWN, CAYMAN ISLANDS — APRIL 25, 2024 Pulsr, an AI-powered search engine for NFTs, is launching a new token. The genesis of $PULSR is taking place on Thursday, April 25 at 11.30am EST — and will fuel the project’s ambition to make on-chain assets across the Web3 ecosystem more visible. Established in […]

From holding to selling: Bitcoin miners adjust tactics post-halving

Apr 25, 2024 | 10:00 am

Are Bitcoin miners facing a storm of uncertainty post-halving? Is selling BTC the only option?

BONK Sees Bullish Prospects As Community Votes Yes To Massive Burn

Apr 25, 2024 | 10:00 am

BONK, a Solana meme token, recently went on a surge that saw it pushing weekly gains above 70% after community members voted in favor of a burn proposal. Recent market dynamics have seen the value of BONK, along with the majority of meme coins falling in April. BONK, in particular, witnessed a 70% plunge in […]

Centralized Exchanges Boom: $4 Trillion in Q1 Trading, Despite Regulatory Interference

Apr 25, 2024 | 10:00 am

TL;DR Centralized exchanges experienced unprecedented growth in the first quarter of the year, surpassing $4 trillion in transactions, according to CoinGecko. Binance stood out with exceptional performance, recording a trading volume of $1.1 trillion in March, marking a 131% increase from the previous month. Smaller platforms in offshore markets, such as OKX, Bullish, MEXC, and ... Read more

Zumo joins forces with Crypto Carbon Ratings Institute (CCRI) to combat the carbon footprint of the new wave of crypto funds

Apr 25, 2024 | 10:00 am

The new strategic partnership between Zumo and Crypto Carbon Ratings Institute aims to provide data on the carbon exposure of investments and business activities related to blockchain. [...] Read More... The post Zumo joins forces with Crypto Carbon Ratings Institute (CCRI) to combat the carbon footprint of the new wave of crypto funds appeared first on CoinGeek.

Shiba Inu Unveils Ambitious Roadmap for Shibarium Ecosystem

Apr 25, 2024 | 09:58 am

Shiba Inu, the popular meme-inspired cryptocurrency, has recently outlined its upcoming developments for the Shibarium ecosystem, slated for implementation in the 2024/2025 cycle. Lucie, Shiba Inu’s marketing lead, took to X to share the project’s ambitious roadmap, which includes a range of new features and upgrades designed to enhance the

Scottminer, the leader of the best cloud mining platform in 2024

Apr 25, 2024 | 09:55 am

Industry sources said last week that Swiss multinational Glencore took a stake in Scottminer Bitcoin mining platform, according to some cryptocurrency observers, the two companies’ request to invest in Bitcoin will increase investor confidence in the cryptocurrency, although others warned of hidden risks. sexual cost, but the request may now be “the best thing that [...]

US Justice Department Pushes for Three-Year Prison Sentence for Binance Founder Changpeng Zhao: Report

Apr 25, 2024 | 09:55 am

The U.S. Department of Justice (DOJ) is reportedly seeking a tougher sentence for Binance founder Changpeng Zhao for violating money laundering laws. According to Reuters, US prosecutors want Zhao to serve three years in prison, or twice the maximum 18 months recommended under federal guidelines. In November, Zhao stepped down as CEO of Binance after […] The post US Justice Department Pushes for Three-Year Prison Sentence for Binance Founder Changpeng Zhao: Report appeared first on The Daily Hodl.

Bitcoin ETFs in the US drive higher crypto allocations among institutional investors

Apr 25, 2024 | 09:55 am

Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest level […] The post Bitcoin ETFs in the US drive higher crypto allocations among institutional investors appeared first on CryptoSlate.

karpatkey to Launch DeFi Institutional Fund

Apr 25, 2024 | 09:50 am

Actively managed fund will leverage karpatkey’s battle-tested, non-custodial execution infrastructure to provide institutional access to DeFi yields Dubai, UAE — April 19, 2024 — karpatkey, a leader in on-chain asset management, announced today it is creating a low-cost, non-custodial, actively managed open-end fund for institutional investors. The fund will offer investors exposure to leading DeFi [...] The post karpatkey to Launch DeFi Institutional Fund appeared first on Crypto Breaking News.

SHIB bounces off golden ratio to new low, Experts advise buy the dip

Apr 25, 2024 | 09:45 am

The Shiba Inu (SHIB) has its exchange balances hitting a new low; however, the coin shows signs of rebounding from a golden ratio. The term “exchange pair” refers to the SHIB coins on crypto exchanges. When the exchange turnover decreases powerfully, investors probably transfer from the exchange to their personal wallets to either hold tokens …

KlimaDAO and Limenet collaborate to bring permanent Carbon Dioxide Removal credits to market

Apr 25, 2024 | 09:44 am

Limenet leverages KlimaDAO’s innovative governance mechanism to fund and remove carbon dioxide from the atmosphere. Dubai, UAE, April 19 – Limenet – a carbon dioxide removal (CDR) start-up based in Italy, has leveraged KlimaDAO’s innovative governance mechanism for funding high-impact sustainability projects to finance a pilot project in Italy. KlimaDAO has a treasury of USDC [...] The post KlimaDAO and Limenet collaborate to bring permanent Carbon Dioxide Removal credits to market appeared first on Crypto Breaking News.

A Further Crackdown On Bitcoin Mixing Services Will Hurt Human Rights Activists

Apr 25, 2024 | 09:43 am

Yesterday, the US Department of Justice (DOJ) charged Keonne Rodriguez and William Lonergan Hill, co-founders of Samourai Wallet, a privacy-focused bitcoin wallet that also serves as a mixer, with money laundering and operating an unlicensed money transmitting business. Many, including activists and human rights defenders, spoke out about the significance of this legal action soon [...] The post A Further Crackdown On Bitcoin Mixing Services Will Hurt Human Rights Activists appeared first on Crypto Breaking News.

Telos Partners with Ponos Technology to Develop Hardware-Accelerated Ethereum L2 zkEVM Network

Apr 25, 2024 | 09:36 am

Plans for the new network were officially unveiled live today at TOKEN2049 in Dubai, where Telos is a title sponsor April 19th, 2024 — The Telos Foundation today announced that it will work with Ponos Technology, the leading Zero Knowledge Proof (ZKP) research and development firm, to begin to develop an end-to-end optimized, hardware-accelerated Ethereum [...] The post Telos Partners with Ponos Technology to Develop Hardware-Accelerated Ethereum L2 zkEVM Network appeared first on Crypto Breaking News.

IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments

Apr 25, 2024 | 09:25 am

Quick Take Bitcoin left a significant mark on the ETF industry in 2024, with Bitcoin ETFs drawing in more than $12 billion in net inflows combined. Leading this surge is BlackRock’s iShares Bitcoin ETF (IBIT), which has accumulated over $15 billion in net inflows and stands at the forefront of this success narrative. Recently, IBIT […] The post IBIT vs GLD: A compelling tale of Bitcoin’s growing dominance over traditional gold investments appeared first on CryptoSlate.

stc Bahrain and Avalanche forge partnership to drive Web3 progress in the Middle East

Apr 25, 2024 | 09:25 am

This initiative will be powered by stc Bahrain’s deployment of an Avalanche Subnet, and with Avalanche chosen as the Qala’a Path Partner under stc Bahrain’s Web3 launchpad program stc Bahrain, a world class digital enabler, has teamed up with Ava Labs to advance the progress of Web3 in the region. By launching an Avalanche Subnet [...] The post stc Bahrain and Avalanche forge partnership to drive Web3 progress in the Middle East appeared first on Crypto Breaking News.

Binance takes to burning more than $1.17 billion worth of BNB tokens

Apr 25, 2024 | 09:20 am

Binance, a prime cryptocurrency exchange, has taken $1.17 billion worth of coins from circulation, amounting to 1.3% of the contained asset. For Binance, this is part of getting over its 27th quarterly BNB token burn exercise. This was not the burning of tokens related to the Pioneer Bum program. This bit of information regarding the …

One of Only Four Bitcoin “Epic Sats” Just Auctioned Off For Over $2.1 Million

Apr 25, 2024 | 09:18 am

Today, Bitcoin mining pool ViaBTC auctioned off its “epic sat” for a sum of 33.3 BTC, equivalent to over $2.1 million. The auction, conducted on the CoinEx exchange platform, witnessed fervent bidding as collectors and enthusiasts competed for this satoshi. JUST IN: The first satoshi of #Bitcoin's fourth halving block just auctioned off for 33.3 [...] The post One of Only Four Bitcoin “Epic Sats” Just Auctioned Off For Over $2.1 Million appeared first on Crypto Breaking News.

Hedge funds and altcoin investors swarm Raffle Coin’s presale, predicting the next big crypto sensation with 10x gains

Apr 25, 2024 | 09:10 am

The most interesting part of the crypto market is simply anyone can opt in with the only requirement often being Internet connectivity. Most other financial markets are exclusive to stock brokers and registered traders. The market is free for all, with much to gain or lose. More often, this means many people do enter the …

‘Epic Satoshi’ From Bitcoin’s 4th Halving Fetches Over $2.13 Million at Coinex Auction

Apr 25, 2024 | 09:09 am

The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. This satoshi, the smallest denomination of BTC, was sold for an astonishing 338 billion percent more than the typical value of a […]

DRIFT ANNOUNCES DAO, GOVERNANCE TOKEN, GENESIS AIRDROP TO REWARD SOLANA DEX TRADERS

Apr 25, 2024 | 09:08 am

[16 April, 9AM ET] — The Drift Foundation announces DRIFT, the governance token for Drift, the leading decentralized perpetual exchange on Solana. Launching the token will mark a significant step towards decentralizing Drift, acknowledging its loyal users, and empowering its community with a greater voice in the protocol’s future development. 10% of the tokens, amounting [...] The post DRIFT ANNOUNCES DAO, GOVERNANCE TOKEN, GENESIS AIRDROP TO REWARD SOLANA DEX TRADERS appeared first on Crypto Breaking News.

Abra Launches Abra Prime and Abra Private: Integrated Digital Assets Solutions for Institutional and Private Clients

Apr 25, 2024 | 09:01 am

SEC approves registration of Abra Capital Management, Abra’s new registered investment advisor (RIA) Abra’s enhanced platform integrates OTC trading, treasury management and asset management under a separately managed account (SMA) model New services are the result of strong demand for bespoke digital assets solutions [NEW YORK – April 17, 2024] – Abra, a global platform [...] The post Abra Launches Abra Prime and Abra Private: Integrated Digital Assets Solutions for Institutional and Private Clients appeared first on Crypto Breaking News.

HBAR falls 32% as BlackRock denies any business ties to Hedera

Apr 25, 2024 | 09:00 am

The recent debunking of the BlackRock-Hedera collaboration speculations, after the misunderstanding caused the brief rise of Hedera’s digital currency value, has fixed the latest updates to the truth. In an official statement, BlackRock, a well-known multinational finance corporation, clarified that it had no business with Hedera and did not also approve any tokenization activities for …

Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

Apr 25, 2024 | 09:00 am

Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023. This change suggests a “cooling interest” in leveraging bullish bets on Bitcoin, coinciding with the fading impact of major market drivers. Related Reading: Is A $72K Bitcoin Surge On The Horizon? Glassnode’s Latest Analysis Points To An Answer Bitcoin Market Dynamics Post-Halving The decline in Bitcoin’s funding rate correlates with a reduction in net inflows to US spot Bitcoin Exchange-Traded Funds (ETFs), which previously pushed the cryptocurrency to record highs. Despite the anticipation surrounding the Bitcoin Halving—an event reducing the reward for mining new blocks and theoretically lessening the supply of new coins—the price impact has been surprisingly muted. According to Bloomberg, this subdued response has compounded the effects of broader economic factors, such as geopolitical tensions and changes in monetary policy expectations, leading to increased risk aversion among investors. Following the latest Bitcoin halving, the market has not seen the bullish surge many expected. Instead, Bitcoin has only seen a correction of over 10%, from its all-time high (ATH) in March with prices stabilizing in the $63,000 region, at the time of writing. As CryptoQuant’s Head of Research Julio Moreno pointed out, the recent downturn in Bitcoin’s funding rates to below zero underscores a “decreased eagerness” among traders to take long positions. According to Bloomberg, this trend is supported by a significant drop in daily inflows to US spot Bitcoin ETFs and a reduction in open interest in Bitcoin futures at the Chicago Mercantile Exchange (CME), which indicates a broader cooling of enthusiasm for crypto investments. [1/4] Bitcoin ETF Flow – 25 April 2024 – UPDATE pic.twitter.com/ojRayOFlnu — BitMEX Research (@BitMEXResearch) April 25, 2024 In a Bloomberg report, K33 Research analyst Vetle Lunde noted that the “current streak of neutral-to-below-neutral funding rates is unusual,” suggesting that the market might be entering a price-consolidation phase. Notably, this period of reduced leverage activity could potentially lead to further price stabilization, but it also raises questions about the near-term prospects for Bitcoin’s recovery. Adjustments In Mining Difficulty And Market Implications Interestingly, alongside these market adjustments, Bitcoin’s mining difficulty has increased for the first time immediately following the fourth halving. The difficulty adjustment, which occurs every 2016 block, increased by 2%, reaching a new high of 88.1 trillion, according to Bitbo data. This adjustment contradicts past trends where the difficulty typically decreased post-halving due to reduced profitability pushing less efficient miners out of the market. This anomaly in mining difficulty suggests that despite lower rewards post-Halving, miners remain active, possibly buoyed by more efficient mining technologies or strategic shifts within mining operations. Related Reading: Samson Mow On Bitcoin Halving: Brace For Supply Shock, Omega Candle In Sight This resilience in mining activity could help sustain the network’s security and processing power. Still, it reflects the complexities of predicting Bitcoin’s market dynamics solely based on historical halving outcomes. Featured image from Unsplash, Chart from TradingView

Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

Apr 25, 2024 | 09:00 am

Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023. Bitcoin Funding Rates: [...] The post Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report appeared first on Crypto Breaking News.

Ethereum (ETH) Investors Weigh Potential for $4,000 Rally or $3,000 Dip

Apr 25, 2024 | 08:59 am

Ethereum, the largest altcoin by market capitalization, was not immune to the recent crash, with the ETH price declining by 2.50%. Concerns about a potential drop to $3,000 have arisen due to this recent setback and broader market fears of an intense correction. Despite the current downturn, some investors remain

Polygon leads in EVM efficiency as DeFi users favor low transaction costs

Apr 25, 2024 | 08:58 am

Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from. Dune […] The post Polygon leads in EVM efficiency as DeFi users favor low transaction costs appeared first on CryptoSlate.

QCP and Further Ventures announce strategic partnership to expand digital asset innovation in Abu Dhabi and the MENA region

Apr 25, 2024 | 08:53 am

Both companies to develop new institutional digital offerings, QCP also plans to expand to Abu Dhabi Abu Dhabi, UAE & Singapore, 17 April 2024: Today, on the eve of Token2049 Dubai, QCP, a global digital asset trading firm and market maker with close to $60b in annual trading volumes in 2023, and Further Ventures, a [...] The post QCP and Further Ventures announce strategic partnership to expand digital asset innovation in Abu Dhabi and the MENA region appeared first on Crypto Breaking News.

‘Proof of Pitch’ Transforms Pitch Landscape with AI-Powered Insights and Top Web3 VC

Apr 25, 2024 | 08:46 am

Proof of Pitch is set to redefine the traditional pitch competition paradigm by unveiling its AI-driven competition. In essence, Proof of Pitch is poised to reshape the startup landscape with its innovative fusion of Artificial Intelligence (AI) insights and the strategic expertise of top Web3 venture capitalists. Scheduled for June 10th and 11th, 2024, at […]

Bitcoin’s Future: Why The Samourai Wallet Case Matters To Every User

Apr 25, 2024 | 08:45 am

On Wednesday, the Bitcoin industry was rocked by the arrest of Keonne Rodriguez and William Lonergan Hill, the CEO and CTO of the crypto mixer service Samourai Wallet. The US Department of Justice (DOJ) levied serious charges against them, including money laundering and unauthorized money transfers, with allegations pointing to over $2 billion in unlawful […]

Samourai Did Nothing Wrong, Self Custodial Tools Are Not Money Transmitters

Apr 25, 2024 | 08:45 am

An announcement was put out today by the Justice Department that Keonne Rodriguez and William Hill had been arrested and charged with operating Samourai Wallet, “an unlicensed money transmitting business” that executed “unlawful transactions.” Fuck the Justice department, full stop. At no point did Samourai custody user funds, have control over user funds, and ESPECIALLY [...] The post Samourai Did Nothing Wrong, Self Custodial Tools Are Not Money Transmitters appeared first on Crypto Breaking News.

Investor settlement releases FTX co-founder Sam Bankman’s Civil Liability

Apr 25, 2024 | 08:38 am

This new development in the series of lawsuits emerging from the FTX debacle involves a group of investors and customers deciding to withdraw their claims against Sam Bankman-Fried, one of the founders of the crypto exchange. The group reached this decision per a signed agreement allowing Bankman-Fried to participate in other legal proceedings against those …

Pension Consultants are Buying US Spot Bitcoin ETFs: 13F SEC Fillings

Apr 25, 2024 | 08:36 am

New 13F filings with the SEC reveal that a major pension consultant, Global Retirement Partners (GRP), is buying into US spot Bitcoin ETFs. Bitcoin investors have been eagerly awaiting these SEC filings to gauge the level of institutional interest in Bitcoin ETFs, which launched in the first quarter of 2024. JUST IN: 🇺🇸 Retirement consulting firm GRP [...] The post Pension Consultants are Buying US Spot Bitcoin ETFs: 13F SEC Fillings appeared first on Crypto Breaking News.

Amazon’s new rival: Pushd e-commerce, draws Litecoin & XRP investors with promises of massive presale profits

Apr 25, 2024 | 08:30 am

With the entry of Pushd, an emerging competitor that promises to transform online buying via a decentralized approach, the e-commerce scene is ready for a significant shift. This promising presale has attracted traders from the Litecoin and XRP communities, who are very much interested in this unique platform. Litecoin: Transactional powerhouse amid market turbulence One …

Kadena Expands Leadership Team With Annelise Osborne as New Chief Business Officer

Apr 25, 2024 | 08:21 am

Kadena recently welcomed Annelise Osborne as its new Chief Business Officer (CBO), further strengthening its leadership team. With her expertise and experience, Osborne is set to contribute significantly to Kadena’s growth and success. Annelise brings over 20 years of experience in finance, credit, real estate, and digital assets. Her role will involve spearheading new business […]

Solana Price Plummets Amidst Market Crash: Can SOL Make a Comeback?

Apr 25, 2024 | 08:16 am

The cryptocurrency market has been hit hard by the recent crash, and even top-performing blue chip altcoins like Solana (SOL) have not been spared. The once-thriving SOL token has seen its market cap take a significant hit, resulting in a massive sell-off that has pushed its price below the crucial

Solana (SOL) eyes for support at $170

Apr 25, 2024 | 08:15 am

Solana will have to jump by a huge margin to make up for where the community wants it to go. SOL is expected to have a great end to this year despite being surrounded by heavy volatility, courtesy of Bitcoin Halving, which has already presented its case with a potential correction in values. A concern …

Bitget Wallet’s BWB Points Launches on Whales Market, Soars to Second Highest 24-Hour Trading Volume

Apr 25, 2024 | 08:01 am

Bitget Wallet’s BWB Points recently made their debut on Whales Market, a decentralized OTC trading platform. On April 24, the prices soared to an impressive peak of $3.5 per BWB Point. The Whales Market platform offers users a range of features, including a Pre-Market, OTC Market, and Points Market. This allows for trading various assets, […]

Stellar (XLM) and Solana (SOL) supporters bet big on Kelexo (KLXO), seeing major growth potential in stage 2 lending presale

Apr 25, 2024 | 08:00 am

April 20th saw the much-awaited Bitcoin halving event. As a highly anticipated cryptocurrency event, the halving majorly influenced developments in many altcoins throughout the industry. Solana (SOL) and Stellar (XLM) represent two projects affected by the halving, positively and negatively. The current market volatility has led investors to a new opportunity. With Kelexo (KLXO) public …

Bitcoin stabilizes near $63,000 as US economic growth decelerates

Apr 25, 2024 | 08:00 am

Quick Take Data from Trading Economics shows the United States economy grew at an annualized rate of 1.6% in the first quarter of 2024, falling short of the forecasted 2.5% and slowing down from the previous quarter’s 3.4% growth. Despite the slower pace, the economy continues to expand in an already overheated environment, with inflation […] The post Bitcoin stabilizes near $63,000 as US economic growth decelerates appeared first on CryptoSlate.

SEC Anticipated To Reject Spot Ethereum ETFs In Upcoming Decision, ETH Price Takes 5% Hit

Apr 25, 2024 | 08:00 am

Over the past 24 hours, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant 5% price drop. This drop comes amid growing speculation that the highly anticipated Ethereum ETFs will likely be rejected by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. US Bitcoin ETF Issuers Brace For SEC’s Expected Denial According to a recent Reuters report, various US Bitcoin ETF issuers and firms anticipate the SEC’s denial of their applications to launch ETFs tied to the price of ETH. These expectations have been fueled by “discouraging meetings” between the applicants and the regulatory agency in recent weeks, as disclosed by four individuals familiar with the matter. Related Reading: Stellar The New Star: XLM On Tear As Analyst Predicts $0.47 Price Target Prominent investment firms such as VanEck, ARK Investment Management, and seven other issuers have submitted filings with the SEC to list ETFs that would track the spot price of Ethereum. As the first in line, VanEck’s and ARK’s applications are subject to the SEC’s decisions by May 23 and May 24, respectively. The sources involved in the meetings between Bitcoin ETF issuers and the SEC have reported that the discussions have been primarily “one-sided,” with agency staff not engaging in substantive details about the proposed products. This starkly contrasts the intensive and detailed discussions between issuers and the agency before the SEC’s landmark approval of spot Bitcoin ETFs in January. The issuers argued during the meetings that the approval of spot Bitcoin ETFs and Ethereum futures-based ETFs by the SEC in October set a precedent for the spot ETH products. They also made efforts to address potential regulatory concerns. Despite their arguments, the report notes that the SEC staff did not clarify specific concerns or engage in meaningful dialogue, further indicating a possible denial of the requests. Setback For Crypto Industry If these expectations materialize, it would be a setback for the cryptocurrency industry, which had hoped that the approval of spot Bitcoin ETFs would pave the way for similar products and contribute to the mainstream adoption of cryptocurrencies. According to Todd Rosenbluth, head of ETF analysis at data firm VettaFi, the likely delay in approval or rejection until later in 2024 or beyond has left the regulatory landscape uncertain. While some issuers have expressed their intention to submit additional disclosure paperwork to continue the conversation with the SEC, the overall sentiment indicates a growing belief that the applications will be rejected. VanEck CEO Jan van Eck has already stated that the company’s application will likely be rejected, while ARK Investment Management has yet to comment. Rejected Ethereum ETFs Could Spark Potential Court Battles Several applicants expect the SEC to cite broader issues, such as the nature and depth of statistical data on the underlying ETH market, as reasons for their decision in the event of ETF rejections. Matt Hougan, chief investment officer at Bitwise Asset Management, which has filed for a spot in Ethereum ETF, believes that the SEC may require more time to observe Ethereum futures and gather additional data. Related Reading: Why Is The Crypto Market Down Today? Key Reasons Explained Industry insiders further speculate that rejecting Ethereum ETFs could potentially lead to legal action, with one source suggesting that the courts may get involved before Ethereum ETFs eventually become a reality. The anticipated rejection has already influenced the price of Ethereum, with Hong Fang, president of the crypto exchange OKX, stating that the cryptocurrency is experiencing downward pressure as market participants factor in the likelihood of a negative outcome. Currently, ETH is trading at $3,100, further highlighting the cryptocurrency’s persistent downtrend over broader time frames. Over the past fourteen and thirty days, the token has experienced significant declines of 12% and 14%, respectively. Featured image from Shutterstock, chart from TradingView.com

dogwifhat price prediction: Is $5 still on the cards for WIF?

Apr 25, 2024 | 08:00 am

With its 40% surge in the last 7 days, dogwifhat seems to be challenging Dogecoin and Shiba Inu for the top spot.

Bitcoin ETFs Hit Record $3.62B: BlackRock’s Mighty Streak Snapped

Apr 25, 2024 | 08:00 am

The Bitcoin ETF sector, including GBTC, IBIT, FBTC, ARKB, BTCO, and HODL, is experiencing a significant increase, with total daily trading volume hitting a four-week peak of $3.62 billion. Amidst a sideways-moving market, the ETF’s flourishing trend are bullish signal for investors. This was in contrast to the outflows the day before. According to insights […]

SEC Anticipated To Reject Spot Ethereum ETFs In Upcoming Decision, ETH Price Takes 5% Hit

Apr 25, 2024 | 08:00 am

Over the past 24 hours, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant 5% price drop. This drop comes amid growing speculation that the highly anticipated Ethereum ETFs will likely be rejected by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. US Bitcoin ETF Issuers Brace For [...] The post SEC Anticipated To Reject Spot Ethereum ETFs In Upcoming Decision, ETH Price Takes 5% Hit appeared first on Crypto Breaking News.

OpenAI opens office in Japan amid heightened scrutiny from EU regulators

Apr 25, 2024 | 08:00 am

Tadao Nagasaki will be the president of OpenAI Japan, and the AI firm has confirmed a massive hiring spree in its communications, operations, global affairs, and go-to-market arms. [...] Read More... The post OpenAI opens office in Japan amid heightened scrutiny from EU regulators appeared first on CoinGeek.

Why is Bitcoin price down today?

Apr 25, 2024 | 07:57 am

Bitcoin price started the Aug 30 Tokyo trading session with a 1.3% slide, correcting down to just below $27,500 as of 06:00 GMT. The post Why is Bitcoin price down today? appeared first on CoinChapter.

Runes account for 68% of Bitcoin transactions since launch

Apr 25, 2024 | 07:55 am

In a revelation that has sent shockwaves through the cryptocurrency community, Runes, a revolutionary protocol introduced to the Bitcoin network, has emerged as the driving force behind a staggering 68% of all Bitcoin transactions since its launch. This unprecedented adoption rate underscores the transformative potential of the Runes protocol and its ability to reshape the …

BEFE Coin Price Surge: What’s Driving the Momentum?

Apr 25, 2024 | 07:51 am

Right now, due to that major positive surge in BEFE Coin prices, the whole community of cryptocurrencies is definitely at the edge of their seats. Investors and enthusiasts are keenly watching the moves as further gains from here are expected. Full-fledged debates around the market have begun, as people are busy speculating on exactly what [...]

Avail Joins Forces with Top Layer-2 Networks for Revolutionary Web3 Scaling

Apr 25, 2024 | 07:48 am

TL;DR Avail partners with five leading layer-2 networks to improve scalability in Web3. Collaboration with Arbitrum, Optimism, Polygon, StarkWare and zkSync to improve data accessibility and rollup unification. Emphasizes a data availability (DA) layer to create more scalable and efficient chains. Avail, a blockchain solution focused on Web3 unification, has announced strategic collaborations with five ... Read more

Despite market fluctuations, Koala Coin (KLC) offers stability, outshining Aptos (APT) tumble and Flow (FLOW) dip

Apr 25, 2024 | 07:36 am

In the whirlwind that is the crypto market of 2024, out of the 5,000+ new players, there’s one that’s not just surviving but thriving, Koala Coin. While the crypto world has been on a wild ride with traditional giants like Aptos (APT) and Flow (FLOW) facing their share of turbulence, Koala Coin (KLC) is lighting …

Polkadot’s new StorageHub parachain targets improved data storage efficiency

Apr 25, 2024 | 07:33 am

StorageHub, a Polkadot parachain, is joining the decentralized data storage revolution, promoting efficiency and network accessibility through decentralized storage solutions. The network would be designed to serve as a public goods parachain, prioritizing larger data sets and file-based storage while upholding decentralization principles. Web3 Foundation, developers of Polkadot, said: “The essence of StorageHub lies in […] The post Polkadot’s new StorageHub parachain targets improved data storage efficiency appeared first on CryptoSlate.

Arthur Hayes Says US Election To Spark Excessive Government Money Printing, Offers Golden Opportunity for Crypto

Apr 25, 2024 | 07:30 am

BitMEX founder Arthur Hayes thinks excessive money printing in the lead-up to November’s US presidential election will drive a surge in Bitcoin (BTC) and crypto prices. In a new analysis, Hayes argues that major global economic blocs including the US, China, the European Union (EU) and Japan are debasing their currencies to deleverage their balance […] The post Arthur Hayes Says US Election To Spark Excessive Government Money Printing, Offers Golden Opportunity for Crypto appeared first on The Daily Hodl.

Ethereum ETFs On Hold? US Regulators Expected To Block Spot Products In May

Apr 25, 2024 | 07:30 am

Anticipation and uncertainty intertwine as US issuers brace for potential disappointment in their bid to launch exchange-traded funds (ETFs) linked to the price of Ethereum. Recent interactions with the US Securities and Exchange Commission (SEC) have left these firms with a lingering sense of pessimism, indicating a rocky path ahead for Ether-based financial products, according […]

BlackRock’s Bitcoin ETF Records $0 Daily Inflows For First Time As BTC Price Nosedives

Apr 25, 2024 | 07:29 am

IBIT did not attract any fresh investor capital as United States spot ETFs saw a total daily net outflow of $120.64 million on Wednesday.

US spot Bitcoin ETFs’ $120M daily net outflow doesn’t scare investors

Apr 25, 2024 | 07:25 am

The BlackRock iShares Bitcoin Trust (IBIT) experienced something new: no inflow was coming in. Since the start of January, IBIT has had millions of investors daily. BlackRock received almost $15.5 billion through IBIT in just 71 days. But on April 24, the 71-day streak ended as IBIT saw $0 in new investments. Spot Bitcoin ETFs …

Terra Luna Classic Votes to Increase Validator Commission: LUNC Price Recovery Ahead?

Apr 25, 2024 | 07:20 am

Terra Luna Classic takes a proactive measure against possible spam attacks with the introduction of Proposal 12097 which would also increase validators’ commission from 0% to 2.5%. According to the proposal, increasing the minimum commission would motivate small validators to invest in better infrastructures to mitigate attacks. Tera Luna Classic (LUNC) takes a drastic approach [...]

Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319M

Apr 25, 2024 | 07:15 am

On Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million in trade volume between these two platforms and now boasts a market capitalization of […]

Doge trading volume over $1T, analysts anticipate this new meme destroyer to surge 2000x

Apr 25, 2024 | 07:15 am

As Dogecoin (DOGE) continues to make headlines with its high trading volumes, the emergence of […]

Binance and OKX watch out: Fezoo’s presale with Toncoin & BNB holders signals strong market entry

Apr 25, 2024 | 07:15 am

With the arrival of Fezoo Exchange, the longstanding dominance of established exchanges like Binance and OKX is about to be challenged. This innovative platform is attracting significant interest across the crypto markets, particularly from holders of two prominent cryptocurrencies: Toncoin (TON) and BNB. Let’s take a closer look at why these communities are aligning with …

Samourai Wallet Founders Arrested – You Won’t Believe The Charges

Apr 25, 2024 | 07:08 am

Samourai Wallet, a privacy-focused Bitcoin mixer, is in hot water. The company’s co-founders, Keonne Rodriguez and William Hill, face charges of money laundering and operating an unlicensed money-transmitting business. Their arrests, along with the seizure of Samourai’s servers and domain, are the latest in a string of crackdowns on cryptocurrency mixers. Samourai Wallet: A Money […] The post Samourai Wallet Founders Arrested – You Won’t Believe The Charges appeared first on CoinChapter.

Floki Inu: New FLOKI cryptocurrency surges 100% on Uniswap 24hrs after listing

Apr 25, 2024 | 07:05 am

The cryptocurrency community is abuzz as Floki (FLOKI), a new meme coin inspired by its […]

Why Bitcoin price’s road to $70K depends on ETFs and more

Apr 25, 2024 | 07:00 am

Bitcoin ETFs have seen a notable increase in interest, with volumes reaching record highs.

HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera

Apr 25, 2024 | 07:00 am

HBAR, Hedera’s native token, saw a sharp correction following clarification that the world’s largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network. HBAR Token Crashes By Almost 35% Data from CoinGecko shows that the HBAR token has declined by almost 35% since its price rose by over 100% on the back of the announcement, which many misinterpreted to mean that BlackRock tokenized its fund on the Hedera network. On April 24, the Hedera Foundation shared that Blockchain trading firm Archax and Infrastructure firm Ownera had collaborated to tokenize BlackRock’s ICS US Treasury money market fund (MMF) on Hedera. Related Reading: XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End Members of the crypto community, including influencers like CrediBULL Crypto and Mason Versluis, misconstrued this as meaning that BlackRock had tokenized its fund on Hedera. This assumption immediately created a bullish narrative for the ecosystem, leading to HBAR’s price rallying by over 100% and peaking at $0.176. However, the crypto token has since been on a downtrend, with BlackRock denying any involvement with Hedera. Specifically, a BlackRock spokesperson told Cointelegraph that the world’s largest asset manager “has no commercial relationship with Hedera nor has BlackRock selected Hedera to tokenize any BlackRock funds.” Meanwhile, Archax’s co-founder had also clarified on his X (formerly Twitter) platform that BlackRock wasn’t directly involved in the whole move. He claimed that tokenization of the fund can usually be done without the permission of the asset manager. However, he revealed that BlackRock knew they were tokenizing on the network. Why The News Is Still Bullish For The Hedera Ecosystem Despite BlackRock not being directly involved in this development, crypto analyst CrediBULL Crypto offered some perspective on why this news is still bullish for Hedera and its HBAR token. He revealed that BlackRock is the fourth largest shareholder of ABRDN, a firm that is a primary investor in Archax. Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months Therefore, the crypto analyst believes that BlackRock must have signed off on this move, something he considers a “de-facto endorsement of the product.” Meanwhile, he also alluded to an interview that revealed that BlackRock chose Hedera, although ABRDN introduced them to the network. CrediBULL Crypto noted that even if BlackRock wasn’t building on the network, it is clear that “major enterprises are using Hedera.” They are “actively involved with building on the network and are constantly pushing to move it forward behind the scenes,” he added. He suggested that this puts Hedera above 99% of networks that can’t boast of such achievements. HBAR price crashes 35% from highs | Source: HBARUSDT on Tradingview.com Featured image from Vecteezy, chart from Tradingview.com

Shiba Inu Exchange Reserves Hit 2-Year Low, What’s Next?

Apr 25, 2024 | 07:00 am

In a notable development, Shiba Inu’s reserves on exchanges have hit a two-year low after free-falling for the entire period since 2022. Data sourced from CrypytoQuant revealed that the exchange reserve of the popular token currently stands at roughly $156 trillion. At the beginning of this year, the figure stood at around $165 trillion, down […]

Ethereum begins to show bearish signs as price faces rejection

Apr 25, 2024 | 07:00 am

Ethereum has not been bullish since Bitcoin Halving ended. If anything, it could be starting to send fresh bearish signals across the market. This is evident from the fact that it has lost the major resistance mark of ~$3.200. Once closer to $4,000, Ether is now trading lower than the bottom line of the positive …

Bitcoin Traders Retreat: Funding Rate Turns Negative Amidst Shifting Market Sentiment

Apr 25, 2024 | 06:56 am

TL;DR Bullish Bitcoin traders are reducing their positions due to declining demand after the halving and slowing inflows into ETFs. The Bitcoin funding index fell into negative territory on April 19, for the first time since October 2023. Despite reaching a high of $73,798 in March, BTC has seen a 13% correction since then. The ... Read more

Bitcoin (BTC) Short Liquidation Risk Skyrockets as Price Dips Below $64K

Apr 25, 2024 | 06:51 am

TL;DR Bitcoin’s Value Decline: On April 25, Bitcoin’s trading value fell by up to 5%, establishing a base of around $64,000 due to a sudden reaction to geopolitical news and increased Middle East tensions. Market Observations: CoinGlass observed a surge in liquidity on both the buying and selling sides of Bitcoin’s spot price across various ... Read more

Renzo Protocol rethinks strategy after $60M in liquidations

Apr 25, 2024 | 06:45 am

Renzo protocol has made a u-turn on its tokenomics and airdrop to shake off FUD following massive ezETH depeg.

Can SHIB, BONK and BLP turn $1k into a million-dollar portfolio in 2024?

Apr 25, 2024 | 06:45 am

Cryptocurrency investors are on the lookout for the next big winner in the market. With […]

Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

Apr 25, 2024 | 06:43 am

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]

All about the upcoming 4th Digital Banking Summit 2024

Apr 25, 2024 | 06:40 am

Navigating Innovation, Open Banking, and Security Strategies for Tomorrow’s Financial Landscape Uniglobal is set to host the highly anticipated 4th Digital Banking Summit, promising an immersive exploration of the digital banking landscape and strategies to navigate the ever-evolving financial terrain. With a diverse lineup of topics and esteemed speakers, the two-day event is poised to …

Founders of Samourai Wallet Arrested: Community Furious at This New Attack on Bitcoin and Financial Freedom

Apr 25, 2024 | 06:39 am

TL;DR The DOJ arrested the founders of Samourai Wallet. It’s a clear attack on financial freedom and privacy in the crypto world. The wallet offers a high level of privacy and security to its users. It stands out for its ability to hide the origin, destination, and tracking of transactions and users. The community came ... Read more

The Bitgert Coin Boom: Post-Bitcoin Halving Potential Unleashed

Apr 25, 2024 | 06:37 am

If you are looking for a crypto project to invest in for a bigger win after the Bitcoin halving, you should invest in Bitgert coin. The biggest hype in the crypto market right now is flying around Bitcoin, this is because everyone expects the crypto giant to go bullish after

Bitcoin options signal cooling bullish sentiment as key support level emerges at $61,000

Apr 25, 2024 | 06:36 am

Quick Take As Bitcoin’s price hovers around $63,000, slightly down over the past 24 hours, the options market is providing insights into shifting investor sentiment ahead of the expiration on April 26. A key development has been the reduction in positive gamma exposure as Bitcoin declined through the heavily traded $65,000 call strike. According to […] The post Bitcoin options signal cooling bullish sentiment as key support level emerges at $61,000 appeared first on CryptoSlate.

XRP Price Analysis: Top Crypto Expert Forecast XRP Price To Skyrocket To $.4 to $4 by July

Apr 25, 2024 | 06:36 am

The post XRP Price Analysis: Top Crypto Expert Forecast XRP Price To Skyrocket To $.4 to $4 by July appeared first on Coinpedia Fintech News Ripple (XRP), the sixth-largest cryptocurrency by market capitalization, is trying hard to reach the $1 mark again amidst a backdrop of legal hurdles in the unpredictable crypto market. Despite these obstacles, crypto expert EGRAG CRYPTO suggests a possible surge for XRP, outlining price targets of $1.4 and $4 by July 2024. XRP Aim For $1.4 …

The BEFE Coin Boom: Unleashing the Potential for Price Growth

Apr 25, 2024 | 06:31 am

There’s been various ups and downs in the crypto market lately. With the adoption of the Bitcoin ETFs, and the incoming halving, investors are looking at what’s next for the crypto ecosystem. With the different unique experiences that come with blockchain projects, investors have to make informed decisions and research

Investment Giant Morgan Stanley Considers Providing Spot Bitcoin ETF Options For Clients

Apr 25, 2024 | 06:30 am

American multinational investment bank, Morgan Stanley is reportedly exploring the possibility of allowing its extensive brokers to recommend Spot Bitcoin Exchange Traded Funds (ETFs) to clients. Morgan Stanley To Recommend Spot Bitcoin ETFs Morgan Stanley is considering permitting its 15,000 brokers to advocate for customers to invest in Spot Bitcoin ETFs, according to two senior […]

Unprecedented Growth: Bitgert Coin Price Surge Imminent

Apr 25, 2024 | 06:27 am

Cryptocurrency has shown its capacity to deliver huge returns for investors. The speediest method for acquiring financial growth in the competitive market. Because of the instability, investors have jumped to buy at a rebate and receive different rewards from the venture. Nonetheless, starting from the beginning of Bitgert Coin, it has come to the top [...]

Floki Inu: How To Buy Floki & Shiba Budz on Uniswap, BUDZ Pumps 100% In 24hrs

Apr 25, 2024 | 06:26 am

The crypto world is buzzing with the latest surge in meme coin popularity, and two names at the forefront are Floki Inu (FLOKI) and Shiba Budz (BUDZ). With a stunning 100% pump in just 24 hours, Shiba Budz (BUDZ) has captured the attention of investors and enthusiasts alike, joining Floki

Runes Token Standard Dominates Bitcoin Transactions: Over 2.38M Transactions Since Launch

Apr 25, 2024 | 06:24 am

TL;DR Runes accounts for 68% of all Bitcoin transactions since its launch. Although it has decreased slightly since halving day, it has been a significant source of fee income for Bitcoin miners. There is debate over whether it will provide a sustainable income stream for Bitcoin miners in the long term. In the cryptocurrency world, ... Read more

Kadena Announces Annelise Osborne as Chief Business Officer

Apr 25, 2024 | 06:21 am

New York, New York, April 25th, 2024, Chainwire Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new […] The post Kadena Announces Annelise Osborne as Chief Business Officer appeared first on CoinJournal.

XTB proposes to roll out a record-high dividend of $195 million

Apr 25, 2024 | 06:20 am

The XTB Board of Management has put a proposal on the table, seeking to roll out the historically highest dividend for shareholders. The proposal mentions XTB allocating approximately 75% of the total profit to dividends; this roughly translates to $195 million. The proposal suggests allocating the remaining $49 million to the brokerage firm’s reserve capital. …

Rich Off Doge Or Pepecoin? Here’s Why Savvy Investors Have Purchased This A.I DeFi Token

Apr 25, 2024 | 06:18 am

Dogecoin (DOGE) and Pepecoin (PEPE) captivated investors with their unique themes and community-driven initiatives. These meme coins provided not only amusement but also spectacular financial returns, resulting in a revolutionary investing environment that transformed many people into overnight millionaires. As Dogecoin (DOGE) and Pepecoin (PEPE) continue to navigate the tumultuous

Subsquid Will Partner With Neon EVM to Expand Into the Solana Blockchain

Apr 25, 2024 | 06:10 am

Zug, Switzerland, April 25th, 2024, Chainwire Easier access to on-chain data with Subsquid data lakes can help developers use Neon EVM to the fullest. Web3 data lake and query engine Subsquid announces the upcoming partnership with Solana-powered Neon EVM to provide dApp developers easier access to Neon EVM’s on-chain data. The partnership marks the first [...]

Bitcoin Death Cross Warns of Potential Sell Event; BTC Price at Risk?!

Apr 25, 2024 | 06:09 am

The post Bitcoin Death Cross Warns of Potential Sell Event; BTC Price at Risk?! appeared first on Coinpedia Fintech News In the last day, the cryptocurrency market suffered a significant blow, shedding more than $110 billion in total value. The global cryptocurrency market cap took a nosedive by over 4%, plummeting from $2.47 trillion to $2.36 trillion. Bitcoin, the leading digital currency, saw its price drop below $64,000, hitting a low of $63,589. This downward …

Ripple’s CTO Reassures Community: XRP Still Vital Despite Stablecoin Introduction

Apr 25, 2024 | 06:08 am

David Schwartz, Ripple’s CTO, has reaffirmed the ongoing significance of XRP within the company’s ecosystem, in response to concerns within the XRP community regarding Ripple’s recent foray into stablecoin development. With the recent announcement of a dollar-pegged stablecoin, some speculated about the future role of XRP. However, Schwartz clarified that

Chainlink’s CCIP Now Supports 9 Blockchains: Enhancing Token Transfers and Smart Contract Functionality

Apr 25, 2024 | 06:08 am

Chainlink has seen a broader adoption trend as CCIP expands to 9 blockchains. Native token LINK is currently displaying contrasting metrics. Chainlink (LINK), a leading decentralized blockchain oracle network, broadened its Cross-Chain Interoperability Protocol (CCIP) to support nine prominent blockchains. These include Optimism, Arbitrium, Polygon, WEMIX, Ethereum, Kroma, Base, Avalanche, and BNB Chain. With this [...]

Dogwifhat Price Prediction and the Next MemeCoin Poised for Success

Apr 25, 2024 | 06:06 am

The post Dogwifhat Price Prediction and the Next MemeCoin Poised for Success appeared first on Coinpedia Fintech News The Dogwifhat price prediction for 2024 to 2030 suggests significant potential thanks to its massive 4800x gains this year. As meme coins with utility, such as Pikamoon, gain traction, the question on everyone’s mind is: Can WIF achieve the $10 milestone in the next few months? In this article, we’ll take a deep dive into …

Kadena Announces Annelise Osborne as Chief Business Officer

Apr 25, 2024 | 06:06 am

New York, New York, April 25th, 2024, Chainwire Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new [...]

Ripple (XRP) may rally 960% in May, but BlastUP can make twice more!

Apr 25, 2024 | 06:05 am

XRP is gearing up for a striking climb, potentially soaring by 960% as May approaches. […]

Kadena Announces Annelise Osborne as Chief Business Officer

Apr 25, 2024 | 06:03 am

New York, New York, April 25th, 2024, Chainwire Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible

Bitget Wallet’s BWB Points makes debut on Whales Market, ranks second in 24-hour trading volume

Apr 25, 2024 | 06:03 am

Victoria, Seychelles, April 25th, 2024, Chainwire On April 24, the trading of Bitget Wallet’s BWB Points made its debut on Whales Market, a decentralized OTC trading platform, with prices reaching a recorded peak of $3.5 per BWB Point. Whales Market encompasses three main features: a Pre-Market, OTC Market, and Points Market, allowing users to trade a […] The post Bitget Wallet’s BWB Points makes debut on Whales Market, ranks second in 24-hour trading volume appeared first on CoinJournal.

Self-made Millionaire Who Retired at 35 Shared Crypto Investment Plan

Apr 25, 2024 | 06:00 am

The post Self-made Millionaire Who Retired at 35 Shared Crypto Investment Plan appeared first on Coinpedia Fintech News A self-made millionaire retired at 35 and is now sharing the strategy for investing in cryptocurrencies. This individual achieved remarkable financial freedom early in life through savvy market moves. With the market on an upward trajectory, learning from someone who has successfully navigated the highs and lows is invaluable. This guide promises to provide insights …

The Role of Technology in Crypto and Traditional Investments

Apr 25, 2024 | 06:00 am

The investment world has been completely transformed in recent years by a wave of new technology. Forget complex phone calls and stacks of paperwork – today’s investors have online platforms, powerful algorithms and mountains of data right at the tips of their fingers. This article will look at the three main tech advancements that are […]

Nigeria, US to partner on AI, digital economy

Apr 25, 2024 | 06:00 am

The United States government pledged to work with Nigeria to boost AI development, starting with a conference in two weeks to discuss digital economy advancements. [...] Read More... The post Nigeria, US to partner on AI, digital economy appeared first on CoinGeek.

BEFE coin price poised for significant gains

Apr 25, 2024 | 06:00 am

Investing in a meme coin that is potentially positioned for a bull run could take your portfolio out of any mess within days. BEFE is an example you can bank on. The market structure of BEFE is insinuating a potential price surge that could go over 1000% in the next 2 weeks. Did you ask …

Time to buy Bitcoin? Recent downturn shows off advanced Octoblock features

Apr 25, 2024 | 06:00 am

The recent Bitcoin price drop has prompted astute investors to consider entering the market while simultaneously displaying the potential of Octoblock’s advanced features. Bitcoin price The Bitcoin price plunged below $60,000 on April 17, reaching levels last seen in February. This decline extended Bitcoin’s downward trend to nearly 18% since reaching its all-time high in …

Investors Remain Optimistic for Bull Market as Price Rebounds on Fantom and SEI; Can Milei Moneda ($MEDA) Presale Sustain Momentum?

Apr 25, 2024 | 06:00 am

Fantom’s Sonic Validator Node pioneers blockchain speed, aiming for 2,000 TPS and sub-second confirmation times amid positive market reception. Sei Foundation and Gitcoin launch $10M Creators Fund, boosting SEI and GTC prices on Binance. SEI is expected to rebound to $0.90 by May 2024. Milei Moneda ($MEDA) on Uniswap May 2024. Priced at $0.0125, projected [...]

Bitcoin Runes take over? Exploring its top 3 milestones since launch

Apr 25, 2024 | 06:00 am

Runes have enjoyed significant hype since launch, with 2,274,619 Rune transactions completed in just four days.

Bitcoin Events announces two exciting events in South Africa: Crypto Fest 2024 and Blockchain Africa Conference 2024

Apr 25, 2024 | 05:50 am

Get ready for a double dose of excitement as Bitcoin Events proudly presents two premier events in South Africa: Crypto Fest 2024 and the Blockchain Africa Conference 2024. Crypto Fest 2024: A thrilling crypto extravaganza Prepare to immerse yourself in the dynamic world of cryptocurrency at the 6th edition of Crypto Fest. This year’s event, …

US Could Have a Stablecoin Bill “In the Short Run”: Here Are the Risks

Apr 25, 2024 | 05:47 am

TL;DR Impending Legislation: The U.S. Congress is close to passing a stablecoin bill, led by Representative Maxine Waters, to provide a legal framework for stablecoins, which are cryptocurrencies tied to traditional currencies. Controversial Measures: The bill, which could be enacted before the elections, requires stablecoin issuers to maintain sufficient reserves and bans algorithmic stablecoins without ... Read more

Shiba Inu (SHIB) unveils ambitious Shibarium plans as Kangamoon steals the show

Apr 25, 2024 | 05:45 am

Shiba Inu unveils Shibarium plans including upgrades to ShibaSwap and the introduction of TREAT token. Kangamoon blends meme culture and Play-to-Earn using $KANG token. Ongoing Kangamoon presale has raised $5,727,717.801 with 67.9% tokens sold. Shiba Inu (SHIB) has set its sights on groundbreaking developments within the Shibarium ecosystem, unveiling a roadmap packed with ambitious projects […] The post Shiba Inu (SHIB) unveils ambitious Shibarium plans as Kangamoon steals the show appeared first on CoinJournal.

Dogeverse’s presale sells 200 Billion tokens: A $10 million story

Apr 25, 2024 | 05:45 am

The meme coin sector witnessed a new surge since last week following the completion of […]

New AML Regulation Approved by EU Parliament: Implications for IOTA and Crypto

Apr 25, 2024 | 05:38 am

The European Parliament’s recent passage of stringent anti-money laundering regulations signifies a significant crackdown on financial crime within the cryptocurrency industry. The legislation introduces tighter oversight on non-custodial wallets, aiming to bolster transparency and combat illicit activities. However, concerns linger regarding the impact on user autonomy and the broader adoption of blockchain technologies. On Wednesday, [...]

Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking Event

Apr 25, 2024 | 05:36 am

Chivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the security of its data has never been breached. Chivo […]

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Apr 25, 2024 | 05:33 am

zug, SWITZERLAND, April 25th, 2024, Chainwire Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. Onramps from fiat to crypto have historically been one of the biggest pain points with […] The post Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support appeared first on CoinJournal.

Why Is The Crypto Market Down Today? Key Reasons Explained

Apr 25, 2024 | 05:30 am

The crypto market is in the red today, with a majority of the top-100 cryptocurrencies reflecting losses over the last 24 hours. Notably, only six altcoins, including two stablecoins, have managed to maintain a positive performance amidst a broader market sell-off. Several complex and intertwined factors have contributed to the day’s negative market sentiment, affecting major cryptocurrencies. Over the last 24 hours, the price of Bitcoin has decreased by 4.2%, Ethereum has fallen by 5.0%, Solana has dropped by 8.7%, XRP has declined by 4.7%, and Dogecoin has decreased by 8.3%. #1 Persistent Macroeconomic Uncertainty A primary factor influencing today’s market movements is the evolving macroeconomic landscape, particularly concerning US interest rates and inflation expectations. At the beginning of the year, the market anticipated aggressive monetary easing by the Federal Reserve. However, the sentiment has shifted considerably based on recent data and Federal Reserve signals. “Markets are pricing in fewer rate cuts for this year compared to the Fed’s dot plot projection of 3 rate cuts by year end. The implied fed funds rate for December has risen to 5.0%, indicating that the futures market is pricing in only 1 to 2 rate cuts,” Cetera Investment Management stated via X (formerly Twitter). This week, all eyes are on the release of the Personal Consumption Expenditures (PCE) price index for March—the Fed’s favored inflation measure on Friday, April 26 at 8:30 am EDT. Until then, the market could be in a derisk mode. Related Reading: How To Outperform In Crypto: Arthur Hayes’ ‘Left Curve’ Strategy The PCE is anticipated to present a varied view of inflation trends, which could strengthen the Federal Reserve’s inclination to delay any increases in interest rates. Analysts predict a slight increase in the overall PCE Price Index, rising to 2.6% year-over-year from 2.5% in February. Additionally, they expect a decrease in the index’s month-over-month change, dropping to 0.30% from 0.33%. #2 Crypto Market In Shock Over Legal Action Against Samourai Wallet The crypto market has also been rocked by yesterday’s legal developments involving the Samourai Wallet. The US Federal prosecutors’ decision to charge the founders Keonne Rodriguez and William Lonergan Hill with money laundering and operating an unlicensed money transmitting business has sent ripples through the crypto community. This action underscores the ongoing regulatory scrutiny within the crypto space. The prosecution of Samourai Wallet’s founders not only raises questions about the future of cryptographic privacy but also significantly impacts market sentiment as it underscores the legal risks inherent in the crypto sector. The implications of this case extend beyond the immediate legal concerns, influencing broader market perceptions and investor confidence. #3 Bitcoin And Crypto Are “Just Ranging” Further insights into market dynamics come from prominent crypto analysts who have commented on the state of market liquidity and trader behavior. “The market has gifted us with a beautiful reset in trader positioning for Bitcoin. OI weighted funding turned negative for the first time since October 2023. That was before Bitcoin ran from 27k to 46k without any meaningful dip,” said Ted, a crypto analyst on X. This reset refers to a reduction in the overheated futures market, which could allow the market to consolidate and potentially build a base for future upward movements. Related Reading: Akash Network (AKT) Leads Crypto Top 100 With 46% Rise Today: Here’s Why Emperor, another crypto analyst, described the current market state through a series of tweets, highlighting the ongoing consolidation phase post-highs: “Too much panic still on the timeline but we’ve been ranging since the ATH, that’s all.” He added, “The bear/bull line is an important resistance + Point of Control (PoC) of our range. Expecting VaL (Value Area Low) to hold on pullbacks and VaH (Value area High) to be the next target on longs if we reclaim level 1.” Bitcoin Price Update Too much panic still on the timeline but We've been ranging since the ATH, that's all 1. The bear/bull line is a important resistance + Point of Control (PoC) of our range. Expecting VaL (Value Area Low) to hold on pullbacks and VaH(Value area High ) to… pic.twitter.com/4UTExqQv0n — Emperor👑 (@EmperorBTC) April 24, 2024 #4 Bitcoin ETFs Remain Muted Yesterday’s ETF flows were negative again. Only Fidelity’s FBTC and Ark Invest’s ARKB had minimal inflows. GBTC sold more again at -$130.4m and BlackRock had zero inflows for the first time ever since inception on January 11. Thus, BlackRock’s (IBIT) inflow streak ended at 70 days. Prior to this, IBIT entered into the top 10 all time after passing the ETFs like JETS, BND and VEA. Yesterday's ETF flows by @FarsideUK.We are back to outflows and of course it's Barry.We had $120.6 million in outflows yesterday.$GBTC did $130.4 million of outflows. Blackrock had 0. Which means that after 70 days for the first time they didn't have any inflows. Price… pic.twitter.com/Akh1agezb6 — WhalePanda (@WhalePanda) April 25, 2024 Notably, the momentum for spot Bitcoin ETFs has waned significantly in the past two weeks. The last notable day of inflows was on March 26, when they surpassed $400 million—nearly a month ago. On the bright side, despite this slowdown, there have been no outflows from either BlackRock or Fidelity. Grayscale’s GBTC remains the primary negative factor driving outflows. Furthermore, there seems to be a decrease in investment willingness among traditional sector investors; the total inflows through ETFs have been stagnant for more than 30 days, coinciding with a flat trend in Bitcoin prices. At press time, BTC traded at $64,034. Featured image from Shutterstock, chart from TradingView.com

Shiba Inu’s Treat Token NOT Launched: Beware of Deceptive Tactics

Apr 25, 2024 | 05:30 am

Dispelling all rumors, the Shiba Inu team has confirmed that one of its upcoming ecosystem tokens, Treat, has not been launched. Amidst upcoming developments, deceptive campaigns circulate, falsely announcing the “stealth launch” of the TREAT tokens. These misleading tactics not only generate unwarranted excitement but also spread scams and misinformation about the tokens. It is […]

Joel Katz Defends Ripple’s New Stablecoin, But the Community Distrusts Possible Government Interference

Apr 25, 2024 | 05:03 am

TL;DR Ripple announces the development of a new stablecoin for digital transactions on XRPL and Ethereum. There is speculation about potential support from the U.S. government for the stablecoin, raising expectations. David Schwartz, the company’s CTO, argues that they must find a balance between the use of the stablecoin and XRP in cross-border transactions. Ripple ... Read more

PANDA and MEW bullish momentum cool off: investors shift to new altcoin

Apr 25, 2024 | 05:03 am

PANDA and MEW see price rally but face resistance resulting in pullbacks. Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum. Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage. In the volatile world of cryptocurrency, investors are always on the lookout for the […] The post PANDA and MEW bullish momentum cool off: investors shift to new altcoin appeared first on CoinJournal.

Shiba Inu’s Secret Weapon Unveiled: Can K9 Finance Boost Shibarium’s Success and Drive SHIB Price to $0,0001?

Apr 25, 2024 | 05:03 am

Shiba Inu partners with K9 Finance to enhance Shibarium’s layer-2 blockchain, potentially multiplying its Total Value Locked (TVL) and trading volumes. The partnership could mirror the success seen with Ethereum’s integration with Lido Finance, aiming for a substantial rise in Shibarium’s economic metrics. Shiba Inu has embarked on a strategic partnership with K9 Finance DAO, [...]

BRICS countries consider blockchain-based stablecoin settlements

Apr 25, 2024 | 05:00 am

The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China. [...] Read More... The post BRICS countries consider blockchain-based stablecoin settlements appeared first on CoinGeek.

European CBDC Won’t Come Out Until 2028, According to Germany’s Central Bank President

Apr 25, 2024 | 04:56 am

TL;DR Launch Postponed: The launch of the digital euro, Europe’s CBDC, is delayed until at least 2028 due to challenges in the preparation phase and the need for a thorough European legislative process. Privacy & Security Concerns: Critics highlight potential risks of CBDCs, including privacy infringement through transaction surveillance and vulnerability to cyber-attacks, questioning the ... Read more

Will the SEC Approve a Spot Ethereum ETF? Bloomberg Analyst Eric Balchunas Says He’s ‘Pessimistic’ – Here’s Why

Apr 25, 2024 | 04:45 am

Bloomberg exchange-traded funds (ETFs) analyst Eric Balchunas believes the odds of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum (ETH) ETF by late May are low. Responding to a question regarding a post he published on the social media platform X saying he’s pessimistic about the approval of an ETH spot ETF, […] The post Will the SEC Approve a Spot Ethereum ETF? Bloomberg Analyst Eric Balchunas Says He’s ‘Pessimistic’ – Here’s Why appeared first on The Daily Hodl.

FLOKI Forecast: Analyst Predicts 3x Surge From Bullish Breakout

Apr 25, 2024 | 04:30 am

A famous crypto analyst Captain Faibik presented positive forecasts regarding FLOKI. In a technical analysis by Captain Faibik, FLOKI has broken a bullish flag pattern at its daily time frame chart, subsequently indicating an imminent surge in its price. Bull flag pattern, which is a usual initiator of the future profits, shows a large price […]

PEPE Price Prediction – This Bullish Pattern Could Trigger Massive Surge

Apr 25, 2024 | 04:28 am

PEPE price started another increase from $0.0000042. It is now facing an important breakout resistance at $0.0000078 and $0.0000080. The post PEPE Price Prediction – This Bullish Pattern Could Trigger Massive Surge appeared first on CoinChapter.

Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users

Apr 25, 2024 | 04:22 am

Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and the generally friendly landscape for cryptocurrencies. Support […]

Ripple News: XRPL AMMs Soar: TVL Surpasses 7 Million XRP in Just One Month

Apr 25, 2024 | 04:14 am

The XRPL Automated Market Makers have seen a marked increase in the total value locked (TVL), surpassing over 7 million XRP. SOLO/XRP pool has the largest share of TVL among XRPL AMM pools, in the amount of over 1,000 000 XRP, equal to $911,600. The XRPL (XRP Ledger) Automated Market Makers have seen a marked [...]

Biden’s capital gains tax: What’s at stake for Bitcoin holders like you?

Apr 25, 2024 | 04:10 am

Is Biden's capital gains rate proposal in favor of the crypto community?

Bitbot’s 12th presale stage nears its end after raising $2.87 million

Apr 25, 2024 | 04:08 am

Key takeaways Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million. The presale price will increase to $0.018 in the next stage. The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale […] The post Bitbot’s 12th presale stage nears its end after raising $2.87 million appeared first on CoinJournal.

Learn Why Market Down Turn Hit Solana Hard While Leaving Octoblock Unaffected

Apr 25, 2024 | 04:00 am

The recent market downturn exposed the vulnerability of some cryptocurrencies like Solana which suffered huge losses. Amidst the market volatility, Octoblock seemed unaffected by the downward trends. Let’s explore why Octoblock emerged unscathed. Why was Solana Price Hard Hit? The optimism that saw Solana price surge by 61% in March came tumbling down after the [...]

Bitcoin affected as U.S. DoJ charges Samourai Wallet founders – Why?

Apr 25, 2024 | 04:00 am

US DoJ charges Samourai Wallet founders, an action that sparked a debate on Bitcoin's privacy.

Is Bitcoin’s Market Just a High-Roller’s Club?

Apr 25, 2024 | 03:30 am

The Bitcoin community is divided over the current ecosystem. In a recent Twitter thread, one such user compared it to a casino operating within an airport to elucidate how BTC’s market dynamics have been overtaken by speculative activities like gambling rather than its intended monetary functions. The thread presents a hypothetical scenario of gamblers buying […]

Lazarus On The Hunt: How North Korean Hackers Are Targeting Crypto Via LinkedIn

Apr 25, 2024 | 03:30 am

The notorious Lazarus Group, a cybercriminal organization believed to be backed by North Korea, has emerged with a new attack strategy targeting unsuspecting companies on LinkedIn, a popular professional networking platform. This development raises concerns about the evolving tactics of cybercriminals and the increasing difficulty for businesses to distinguish legitimate job seekers from malicious actors. […]

‘Blackrock did not select HBAR’ as altcoin falls 20% after tokenization rumors

Apr 25, 2024 | 03:00 am

Blackrock denial that it was involved with Hedera caused HBAR to plunge 20% after a 109% rise.

Algorand’s ALGO Surges 25%: Analyst Eyes $0.36 Target

Apr 25, 2024 | 02:30 am

Algorand’s ALGO token has recently undergone a remarkable surge in value, drawing significant attention from seasoned analysts and eager investors. This surge, which has unfolded over the past week, amounts to an impressive 25% increase in the token’s value, signalling a notable uptrend in its market performance. As of the present moment, the price of Algorand’s token stands […]

Stellar The New Star: XLM On Tear As Analyst Predicts $0.47 Price Target

Apr 25, 2024 | 02:30 am

Stellar (XLM), a prominent player in the digital asset landscape, is experiencing a surge in optimism as analysts forecast a significant price increase in the near future. The cryptocurrency, currently priced at $0.1126, has demonstrated stability amidst market fluctuations, attracting investor interest and propelling a potential bullish trend. Source: Coingecko Related Reading: Solana Market Cap Skyrockets $11 Billion As Price Jumps 17% – Details Stellar Breaks Out Of Technical Pattern This newfound optimism stems from a recent technical breakout. XLM successfully emerged from an Ascending Triangle pattern, a bullish indicator that often precedes price surges. This breakout was further bolstered by a retest of the breakout level, solidifying the potential for an upward trajectory. Technical analysts are leveraging the measured move technique to predict XLM’s future price movement. This analysis suggests a target range spanning from 0.38 to 0.47 cents, aligning with Fibonacci levels 0.70 to 0.78. This range signifies substantial growth potential, enticing investors seeking profitable opportunities. Total crypto market cap currently at $2.2 trillion. Chart: TradingView Investor Confidence On The Rise Beyond technical indicators, investor confidence is playing a significant role in Stellar’s projected rise. The recent 2.50% price increase over the last 24 hours underscores this growing momentum. This shift in market sentiment indicates a bullish trend, potentially leading to a notable price appreciation in the coming months. Analyst Projects Stellar To Reach $0.47 Adding fuel to the fire, crypto analyst EGRAG CRYPTO recently shared a bullish forecast for XLM’s price trajectory. The analyst predicts a surge towards a promising target of $0.47, highlighting the potential for substantial growth. This bullish sentiment resonates with investors and enthusiasts, further bolstering confidence in Stellar’s future. #XLM Rockets Towards 0.47c! 🔥 #XLM has successfully broken out of the Ascending Triangle and is currently retesting the breakout level. This sets the stage for a potential bullish move. 📈 The measured move suggests a target range between Fib 0.702-0.786 (0.38-0.47c),… pic.twitter.com/bmezGMnrTI — EGRAG CRYPTO (@egragcrypto) April 23, 2024 The analysis digs deeper, identifying key Fibonacci retracement levels as crucial milestones for XLM. These levels not only serve as potential profit-taking targets for investors but also signify the strength of the upward momentum. XLM seven-day price action. Source: Coingecko Interestingly, the analysis suggests that XLM has the potential to surpass traditional technical indicators. Should the cryptocurrency surpass the formidable Fib 1.618 level, it could embark on a remarkable ascent, exceeding expectations and venturing into uncharted territory. Market Volatility Warns For Caution While the outlook for Stellar appears promising, it’s crucial to remember the inherent volatility of the cryptocurrency market. Unforeseen events and market fluctuations can significantly impact prices. Related Reading: Negative Nirvana? Decoding The First Bitcoin Funding Rate Dip Of 2024 Despite the inherent risks, the technical indicators and growing investor confidence paint a compelling picture for Stellar’s future. As the digital asset landscape continues to evolve, Stellar’s potential for significant growth is undeniable. Featured image from Pexels, chart from TradingView

Proof of Pitch: Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC

Apr 25, 2024 | 02:21 am

Paris, France, April 25th, 2024, Chainwire Prize pool of over 1M€ value including media grant from Cointelegraph Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet 10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris In a ground-breaking shift from traditional pitch competitions, Proof of Pitch […] The post Proof of Pitch: Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC appeared first on CoinChapter.

Here’s How a Memecoin Trader Multiplied $8,524 Into Over $12,800,000 in Just Weeks: On-Chain Data

Apr 25, 2024 | 02:15 am

One savvy memecoin trader is attracting attention for having turned $8,524 into $12,800,000 within weeks. According to blockchain tracking firm Lookonchain, one trader is looking at massive profits after buying and selling memecoin Pepe (PEPE). “jwynn.eth (@JamesWynnReal) spent $8,524 to buy 2.83 trillion PEPE in the early stage and sold 1.81 trillion PEPE for $4.57 […] The post Here’s How a Memecoin Trader Multiplied $8,524 Into Over $12,800,000 in Just Weeks: On-Chain Data appeared first on The Daily Hodl.

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 […]

Champions 4th-gen collections bring VR, blockchain perks to trading card game

Apr 25, 2024 | 02:00 am

Champions of Otherworldly Magic and its motivated development team promote the release of the game's 4th generation playing card collections, unlocking achievements with real-world earnings. [...] Read More... The post Champions 4th-gen collections bring VR, blockchain perks to trading card game appeared first on CoinGeek.

Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering

Apr 25, 2024 | 01:31 am

Federal prosecutors 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 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.

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 a technical indicator traditionally viewed as a bearish signal within the trading community. The pattern is composed of three peaks, with the central peak (the head) being the highest and the two outside peaks (the shoulders) being lower and approximately equal in height. The line connecting the lowest points of the two troughs (the neckline) can be horizontal or sloped and represents a critical support level. Dogecoin Must Hold $0.14 In the case of Dogecoin’s 12-hour chart, the price has completed the left shoulder and the head, with the right shoulder currently forming. The neckline of this H&S pattern is identified at approximately $0.14, as annotated by Olszewicz. This level is crucial; a decisive break below could confirm the bearish forecast suggested by the H&S formation. Another technical detail present on the chart is the Fibonacci retracement levels, which are horizontal lines indicating where support and resistance are likely to occur. They are based on Fibonacci numbers, a sequence famous in mathematics and nature for its proportionality. Related Reading: Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target Here, the 0.5 Fibonacci level aligns with the left shoulder around $0.18, while the 0 level coincides with the peak at approximately $0.23. These levels are key to determining the potential support and resistance areas in the market. Olszewicz has also highlighted a projected target area based on the H&S pattern’s typical behavior. This bearish target is identified using the height of the pattern from the head’s peak to the neckline, projected downward from the point of the neckline break. The target box, marked in green, shows a potential decline to $0.10 to $0.09, coinciding with the 1.618 and 2.0 Fibonacci extension levels. A fall to this level could lead to a price crash of 40%. The importance of the H&S pattern lies in its reliability as a trend reversal signal. It validates when the price breaks below the neckline following the formation of the right shoulder. For traders and investors alike, this pattern serves as a cautionary tale to brace for potential downside risks. Related Reading: Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks As of the latest chart by Olszewicz, the neckline has not been breached, and the pattern has yet to be confirmed. It is critical for observers to watch the $0.14 level closely, as a break below it would likely activate a sell-off, fulfilling the H&S prophecy. However, until such a break occurs, the pattern remains a watchful indicator rather than a confirmed trend reversal. In summary, Dogecoin’s price chart is showing signs that could concern bullish investors. If history is any guide, the emerging H&S pattern, closely watched by analysts like Olszewicz, suggests a possible downward move in Dogecoin’s value in the near future. However, only a decisive break below the neckline will validate this pattern, turning a watchful eye into a bearish outlook. At press time, DOGE traded at $0.1509. Featured image created with DALL·E, chart from TradingView.com

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.

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 […]

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 […]

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 […]

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.

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.

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.

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.

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.

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.

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.

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.

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.

Discover the BCCoin (BlackCardCoin) Listing on XT

Apr 24, 2024 | 12:30 pm

XT, the world’s first socially infused trading platform, is thrilled to announce the listing of BCCoin(BlackCardCoin) on its platform in the Main Zone (DeFi & AI & Web 3.0) and the BCCoin/USDT trading pair will start from 2024-04-24 11:30 (UTC). About BCCoin BCCoin is a BEP-20 token deployed on the Build N’ Build layer-1 blockchain with a max supply of 150 […] The post Discover the BCCoin (BlackCardCoin) Listing on XT appeared first on CoinChapter.

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.

Dork Lord Launches on Solana, Bringing Humor and Innovation to Crypto

Apr 24, 2024 | 11:00 am

Today marks the official launch of Dork Lord, a revolutionary meme token set to redefine the landscape of decentralized humor on the Solana blockchain. With its unparalleled blend of innovation, community engagement, and strategic foresight, Dork Lord emerges as the premier destination for crypto enthusiasts seeking a fresh take on meme tokens. Unveiling a New […] The post Dork Lord Launches on Solana, Bringing Humor and Innovation to Crypto appeared first on CoinChapter.

StakingFarm Introduces Best Crypto Staking Offers to Attract Investors

Apr 24, 2024 | 09:49 am

In a bold move to attract a broader range of investors, StakingFarm has unveiled a series of new crypto staking packages designed to maximize passive income opportunities. As one of the leading staking platforms, StakingFarm is enhancing its offerings with competitive rates, innovative features, and a user-centric approach to investment. These enhancements solidify StakingFarm’s commitment to providing […] The post StakingFarm Introduces Best Crypto Staking Offers to Attract Investors appeared first on CoinChapter.

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.

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.

ValueZone Introduces Next-Gen Automated Trading for Effortless Crypto Investment

Apr 24, 2024 | 08:10 am

In a significant dеvеlopmеnt for cryptocurrеncy еnthusiasts and invеstors, ValuеZonе has announcеd thе launch of its automatеd crypto trading platform. This cryptocurrency trading platform is dеsignеd to strеamlinе thе trading procеss, making it simple, morе accеssiblе, еfficiеnt, and lucrativе for all the usеrs across thе globе. ValuеZonе, a fintеch platform, introducеd an automatеd trading systеm […] The post ValueZone Introduces Next-Gen Automated Trading for Effortless Crypto Investment appeared first on CoinChapter.

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.

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.

Bitcoin Rises Post-Halving, Ethereum Faces a 5% Volume Dip at $3,000, and Furrever Token Achieves $1M Presale Milestone

Apr 24, 2024 | 07:10 am

In the fast-paced world of cryptocurrency, three coins demonstrate distinct market behaviors with significant implications for investors and market watchers alike. Bitcoin (BTC) shows resilience and bullish trends after its fourth halving, as detailed in a recent Bitfinex report. Ethereum (ETH), however, faces uncertainties despite crossing significant price thresholds due to a concerning decline in trading volume. […] The post Bitcoin Rises Post-Halving, Ethereum Faces a 5% Volume Dip at $3,000, and Furrever Token Achieves $1M Presale Milestone appeared first on CoinChapter.

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.

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.

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.

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.

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.

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.

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.

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[…]

What is Nibiru chain (NIBI)?

Apr 19, 2024 | 08:33 am

Nibiru Chain (NIBI) is a blockchain platform that aims to revolutionize the gaming industry by providing a decentralized ecosystem for gamers, developers, and content creators. By utilizing blockchain technology, Nibiru Chain offers transparency, security, and fair distribution of rewards to its users. Let’s delve deeper into Nibiru Chain with this article What is Nibiru chain? ... Read more

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.

How to Add SatoshiVM to MetaMask

Apr 18, 2024 | 22:26 pm

Looking to expand your MetaMask capabilities and dive further into the world of decentralized finance? Adding SatoshiVM to your MetaMask account can open up new opportunities for utilizing decentralized applications and interacting with the blockchain. Learn how to integrate SatoshiVM into your MetaMask wallet with ease. Can I Add SatoshiVM to MetaMask? Certainly, connecting SatoshiVM ... Read more

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.

How to Add Degen Chain to MetaMask

Apr 18, 2024 | 21:16 pm

MetaMask is a popular cryptocurrency wallet and browser extension that allows users to securely store and manage their digital assets. One of the newest and most talked-about additions to MetaMask is Degen Chain, a decentralized finance (DeFi) platform that offers a range of innovative features and opportunities for users to earn passive income. In this ... Read more

Coinbold Partners with Solak GPT to Shape the AI-Driven Future of Web 3

Apr 17, 2024 | 20:27 pm

[Hanoi/Vietnam] – April 18, 2024 – Coinbold, a crypto news website and investor in transformative blockchain technologies, today announced a strategic partnership with Solak GPT. This collaboration aims to accelerate the development of Web 3.0 through the integration of powerful AI tools within Solak’s groundbreaking decentralized ecosystem. Solak GPT stands at the forefront of innovation ... Read more

Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

Apr 13, 2024 | 02:33 am

Coinbold, a leading investment firm in the cryptocurrency space, has announced its strategic investment in Mars4 – MARS BATTLE, a groundbreaking virtual reality gaming platform. Mars4 – MARS BATTLE, developed by the innovative team at Mars4, is an immersive gaming experience that allows players to explore the planet Mars through virtual reality technology. Players will ... Read more

Dubai Web3 Investment Conclave (DWIC) 2024 Announces Inaugural Edition, Driving Innovation and Sustainability in the Blockchain Ecosystem

Apr 8, 2024 | 01:12 am

Dubai, UAE – 06th April 2024 – The Dubai Web3 Investment Conclave (DWIC), organized by Giakaa Capital with co-host Leo Ventures, is set to become the premier gathering for the global Web3 community. Taking place from April 15th to 21st, 2024, at the DIFC Innovation Hub, this transformative event will explore the frontiers of Web3 ... Read more

What is Saga (SAGA)?

Apr 4, 2024 | 00:46 am

Saga is a protocol that provides blockchain development services for decentralized applications. Let’s dive right in and learn more in this article! What is Saga (SAGA)? Saga Protocol is a venture that offers blockchain construction services for applications. Essentially, Saga functions as a blockchain platform designed to introduce additional blockchains, known as “Chainlets,” within the ... Read more

What is Ethena Labs (ENA)?

Apr 2, 2024 | 00:49 am

Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA ... Read more

How to add Metis to MetaMask: Metis Andromeda (Mainnet)

Apr 1, 2024 | 09:24 am

This is a detailed guide to adding the Metis network to a MetaMask Web3 wallet.

What is Mystiko.Network?

Mar 31, 2024 | 01:29 am

Maintaining confidentiality has consistently been a major issue, particularly in the cryptocurrency sector where all transactions are recorded on the blockchain and available to the public. As a result, developers have made it a priority to create projects that enhance privacy for users, making it harder to trace their on-chain actions. One of the projects ... Read more

The April Next Bitcoin Halving 2024: What’s Different and What to Expect for the Crypto Market

Mar 30, 2024 | 03:20 am

Get ready for the next Bitcoin (BTC) halving in April 2024; it could send shockwaves through the cryptocurrency market. Here’s everything you need to know about this important event, including what it means and how you might capitalize on potential shifts. What are Halvings? Bitcoin halving is a programmed event where the reward for bitcoin ... Read more

How to Add Core to MetaMask

Mar 25, 2024 | 20:33 pm

In this guide, we outline the safest and easiest way to add Core DAO to your MetaMask Wallet. Get started with the verified RPC and Chain ID to use the Bitcoin EVM chain.

How to Add NEO to MetaMask

Mar 25, 2024 | 08:02 am

In this guide, we outline whether you can add the NEO Layer 1 blockchain to your MetaMask Wallet. Get started quickly with the verified Chain ID and RPC details.

How to Add Shardeum to MetaMask

Mar 25, 2024 | 01:51 am

A safe and simple guide to adding Shardeum to your MetaMask Wallet to test the network and earn airdrop eligibility.

Protected: Folks Finance

Mar 22, 2024 | 04:53 am

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Blockchain Expo North America Returns to Connect Blockchain, Crypto, NFT and Web3 Ecosystems

Mar 10, 2024 | 23:58 pm

Blockchain Expo North America returns for its 8th year, taking place on June 5-6 2024 at the Santa Clara Convention Center in California. The event and conference is tailor-made for the ambitious blockchain enthusiast who is looking to learn the latest advancements and innovations within blockchain, crypto, NFTs, web3 and more. Building upon the success ... Read more

Blockchain Life Forum 2024 in Dubai: find out how to make the most of the current Bull Run

Mar 8, 2024 | 04:25 am

The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience. This time the central topic of the forum will be making money on Bull Run, ... Read more

Singapore Traders Fair and Blockchain Fest: A Day of Triumph and Innovation!

Mar 8, 2024 | 04:14 am

Singapore, March 5, 2024 – A day of triumph unfolded at Marina Bay Sands on March 2nd as two eagerly awaited events, the Singapore Traders Fair and the Blockchain Festival Asia 2024, jointly organised by global fintech event leader FINEXPO, concluded with resounding success. Welcoming a staggering total of over 2,500 attendees, this dynamic convergence ... Read more

DePIN: Is it the Next Big Wave in Blockchain?

Feb 29, 2024 | 21:51 pm

DePIN, short for Decentralized Public Infrastructure Network, is a new blockchain platform designed to address the scalability, security, and privacy issues in decentralized applications (#Dapps ). #DePIN utilizes a unique architecture that combines sharding, sidechain, and #PoS consensus to achieve high performance, strong security, and seamless interoperability between dApps. Here are some of the key ... Read more

Blockchain Life Week in Dubai: we have never seen this before

Feb 27, 2024 | 22:22 pm

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 ... Read more

Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland

Feb 26, 2024 | 22:19 pm

Next Block Expo, the Blockchain Festival of Europe, is gearing up for its return to Warsaw, Poland, on May 15-16, 2024. The event will be part of crypto week during which Poland’s capital will become the epicenter of crypto innovation in Europe. The organizers strive to present Poland’s burgeoning potential as the next big crypto ... Read more

Octavia Web3 Assistant Leverages AI for Improved Crypto Insights and Management

Feb 17, 2024 | 22:16 pm

A new Web3 project named Octavia is harnessing the power of artificial intelligence to simplify cryptocurrency research, portfolio management, and potentially streamline trading processes. Octavia distinguishes itself by providing users with access to advanced AI tools and on-chain data analysis. With an increasing number of decentralized applications and complex financial instruments emerging in the Web3 ... Read more

ERC-404: Could This New Token Standard Disrupt the NFT Market?

Feb 17, 2024 | 22:00 pm

Buckle up, crypto enthusiasts, because there’s a new kid on the blockchain that might just shake up the way we think about NFTs. It’s called ERC-404, and it’s aiming to bridge the gap between two of the most popular token types out there. Think of ERC-404 like a hybrid car – it seamlessly blends the ... Read more

What is ERC-404?

Feb 7, 2024 | 23:24 pm

ERC-404 is an experimental token standard introduced to the Ethereum ecosystem, expanding beyond the traditional ERC-20 and ERC-721 standards. This unofficial token standard on the Ethereum blockchain explores the concept of semi-fungible tokens, allowing for fractional ownership of assets like NFTs. The developer community within the Ethereum ecosystem is diving deep into ERC-404 projects, looking to ... Read more

How to Add Nibiru to MetaMask

Feb 1, 2024 | 20:19 pm

Can you Add Nibiru to MetaMask? Unfortunately, Nibiru and MetaMask are not compatible with each other directly because they operate on essentially different technologies. Nibiru utilizes its proprietary Inter-Blockchain Communication (IBC) protocol to function within the Cosmos ecosystem. It doesn’t work on the Ethereum Virtual Machine (EVM), which is MetaMask’s primary infrastructure. How to Add ... Read more

Dubai 2024 Welcomes the Pinnacle of Blockchain Innovation: The Global Blockchain Show

Jan 24, 2024 | 06:32 am

January 24, 2024. – Join the Global Blockchain Show 2024 in Dubai – an innovation hub showcasing pioneering blockchain technology and visionary experts, April 16-17. The Global Blockchain Show 2024 is set to take place in the magnificent city of Dubai, which is popular for its modern architecture and innovative approach. This event is a ... Read more

Coinbold Announces A Strategic Investment in Octavia

Jan 20, 2024 | 01:45 am

[Hanoi, January 20, 2024] – We are pleased to announce a strategic investment in Octavia, a prominent player in the blockchain and decentralized finance (DeFi) sector. This is not just a significant step but also a strategic partnership, marking the alignment between Coinbold and Octavia in shaping the future and development of the blockchain industry. ... Read more

Blockchain Life 2024 in Dubai – Waiting for ToTheMoon

Jan 18, 2024 | 18:19 pm

On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 crypto leaders and thousands of international companies at the main event of the year in Dubai. Official Trailer 2024: https://youtu.be/jSn8TWHV9Lg Buy a ticket: https://blockchain-life.com What to expect: On the 2 stages of the event attendees can anticipate market analysis and ... Read more

What is XFarm (XFA)? A worthy alternative to xPet

Jan 18, 2024 | 17:56 pm

XFarm is a GameFi platform built on the Arbitrum ecosystem, regarded as an upgrade to its predecessor in the same gaming niche, xPet, which has recently gained recognition and established its reputation. What is XFarm? XFarm is a GameFi platform developed on the Arbitrum ecosystem, incorporating a groundbreaking mechanism that combines farming with blockchain technology. ... Read more

Singapore Traders Fair and Blockchain Festival 2024: A Game-Changing Blend of Finance and Blockchain at Marina Bay Sands, Singapore

Jan 16, 2024 | 07:41 am

Singapore – Get ready for an extraordinary event that will reshape the worlds of finance and blockchain technology. On March 2nd, 2024, the renowned Marina Bay Sands Expo and Convention Centre will host the largest-ever Traders Fair and Blockchain Festival, organised by industry trailblazers FINEXPO. This isn’t just another event; it’s a major shift into ... Read more

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Cryptocurrencies Today: News, Analysis, and Predictions

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