Cryptocurrencies Today: News, Analysis, and Predictions

Jane Street Capital now holds over 5% of Coinbase stock

Jane Street Capital has accumulated substantial Coinbase stock. According to financial intelligence site Fintel, Jane Street owned 5.3% of Coinbase’s outstanding shares in February. COIN was valued at $140.86 at the time of the company’s 13G filing on Feb. 9, placing the value of its holdings at $1.4 billion. At a current share price of […] The post Jane Street Capital now holds over 5% of Coinbase stock appeared first on CryptoSlate.

Is TrustVerse Token a Scam? Don’t be Fooled by Its 250% Rally

NAIROBI (CoinChapter.com) — The TrustVerse Token (TRV) has captured attention with a staggering 250% price surge in the last 24 hours. However, several alarming details raise questions about the legitimacy of this cryptocurrency project. An inoperable website and suspicious domain availability cast a shadow over the token’s sudden rise. Despite the recent rally, TrustVerse token’s price […] The post Is TrustVerse Token a Scam? Don’t be Fooled by Its 250% Rally appeared first on CoinChapter.

Jack Dorsey’s Block completes Bitcoin mining chip, announces development of full system

Jack Dorsey’s firm Block has unveiled a significant advancement in Bitcoin (BTC) mining technology with the completion of its three-nanometer (3nm) mining chip. The company is now finalizing a full tape out of the chip at a leading global semiconductor foundry, marking a substantial upgrade from its earlier five-nanometer prototype. The new chip targets improved […] The post Jack Dorsey’s Block completes Bitcoin mining chip, announces development of full system appeared first on CryptoSlate.

Shiba Inu Lead Developer Shytoshi Kusama Reveals The Status Of ShibaSwap 2.0

Shiba Inu lead developer, Shytoshi Kusama has announced an exciting new update for the SHIB ecosystem, declaring the imminent rollout of the highly anticipated ShibaSwap 2.0.  ShibaSwap 1.75 Set To Pave The Way For 2.0 In an X (formerly Twitter) post published by ‘SHIBKIND’ on Monday, April 22, Kusama addressed an inquiry on Shiba Inu’s […]

Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig

On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from the initially planned 5-nanometer (nm) process to an […]

Philippines SEC Orders Binance’s Removal From Google And Apple App Stores, Report

The Philippines’ Securities and Exchange Commission (SEC) has stepped up its ongoing regulatory crackdown, ordering Google and Apple to remove Binance, the world’s largest cryptocurrency exchange, from their respective app stores. This follows earlier regulatory actions against the exchange’s operations in the Asian country.  Binance Faces Escalating Legal Challenges According to a recent CNBC report, […]

Top five stablecoins near all-time high with $150 billion market cap

Quick Take The aggregate supply of the top five stablecoins has reached $150 billion in market capitalization, with USDT (Tether) and USDC (USD Coin) leading the pack at $110 billion and $34 billion, respectively. BUSD, DAI, and TUSD make up the remaining $6 billion, with DAI at around $5.3 billion. Since the start of the […] The post Top five stablecoins near all-time high with $150 billion market cap appeared first on CryptoSlate.

SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’

Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […]

Bitcoin Expected to Reach New Highs in Q4 Amidst Positive Market Trends

Bitcoin’s future movements se­ems unclear due to many factors causing price­ swings, says crypto expert Decode­Jar. Looking at past patterns and Elliott Wave theory, De­codeJar suggests Bitcoin’s value potential movements. However, pre­cisely timing crypto markets remains challe­nging, with many unpredictable eve­nts shaping prices. The Elliott Wave­ theory proposes that market tre­nds follow a distinct, five-wave […]

Analyst Says XRP Price Will Reach $100, But This Needs To Happen First

Crypto analyst JackTheRippler has raised the possibility of the XRP price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights.  How XRP Price Could Rise To $100 JackTheRippler suggested in an X(formerly Twitter) post that the XRP price hitting [...] The post Analyst Says XRP Price Will Reach $100, But This Needs To Happen First appeared first on Crypto Breaking News.

Avalanche, Celestia, and Rebel Satoshi ($RBLZ) Set for Rapid Rebound, Expert Signals Buy Opportunity

TLDR Avalanche plunges 22% in a week, but experts expect it to regain bullish momentum soon. Celestia sheds 9% in a week, but analysts foresee a resurgence by month’s end. Rebel Satoshi’s $RBLZ is set to skyrocket as more investors embrace it and its sister token.  Top crypto coins like Avalanche (AVAX) and Celestia (TIA) [...]

$1,000,000 or More? Billionaire Crypto OG Brock Pierce Unveils ‘Reasonable’ Price Target for Bitcoin

Early Bitcoin adopter Brock Pierce is revealing what he thinks is a “reasonable” price target for BTC as the flagship cryptocurrency moves into a new phase. In a new interview on Fox Business, Pierce, who’s also a co-founder of stablecoin giant Tether, says that the recent explosion in Bitcoin fees as new applications are built […] The post $1,000,000 or More? Billionaire Crypto OG Brock Pierce Unveils ‘Reasonable’ Price Target for Bitcoin appeared first on The Daily Hodl.

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

The Philippines' securities regulator has taken enforcement action against Binance, ordering Google and Apple to remove its 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.Binance's former CEO, Changpeng Zhao, is facing an impending sentencing regarding charges of violating the Bank Secrecy Act. Additionally, the exchange faces lawsuits from the US Securities and Exchange Commission and the Commodity Futures Trading Commission for allegedly mishandling 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.

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

SEC Anti-Crypto Lawyers Resign Amid Rebuke from Judge Over Handling of DEBT Box Case – Will Gary Gensler Follow?

Michael Welsh and Joseph Watkins, lead attorneys in the SEC case against Debt Box, resigned after a federal judge criticized the agency for “gross abuse” of power. Judge Shelby criticized attorney Michael Welsh for misleading the court and attempting to obscure the truth. Two attorneys from the United States Securities and Exchange Commission (SEC) have [...]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC […]

DOGE Indicates Impressive Recovery, Set to Surge by 350% Following Recent Correction

The cryptocurrency market is experiencing a volatile yet captivating shift. Meme toke­ns, especially Dogecoin, earlier see­n as short-lived, show resurgence­ signs, according to Ali Martinez, a well-known crypto analyst. Top meme coins Dogecoin and Shiba Inu le­ad this revival. While­ is volatile; this shift holds captivating potential for meme­ token enthusiasts. DOGE Eyes Post-Correction Bounce […]

BlackRock tokenizes Money Market Fund on Hedera, HBAR soars

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) […] The post BlackRock tokenizes Money Market Fund on Hedera, HBAR soars appeared first on CoinJournal.

Sam Bankman-Fried Agrees To Cooperate in the Investigation of Celebrities Who Promoted FTX

Imprisoned FTX founder Sam Bankman-Fried has agreed to cooperate against other defendants in FTX civil litigation. The disgraced former crypto executive has faced civil litigation in Southern Florida from a patchwork of plaintiffs seeking to recover losses related to FTX’s collapse and subsequent bankruptcy in November 2022. A new document filed on Friday indicates Bankman-Fried […] The post Sam Bankman-Fried Agrees To Cooperate in the Investigation of Celebrities Who Promoted FTX appeared first on The Daily Hodl.

Controversy Swirls Around Bitcoin’s BIP-420: Push Behind Opcode ‘Isn’t in Good Faith,’ Says Developer

On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin smart contracts by minimizing reliance on intricate cryptographic techniques. However, Bitcoin developer Luke Dashjr has labeled the […]

Renewed Momentum for Binance Coin (BNB) After Launchpool Update – What’s Next?

NAIROBI (Coinchapter.com) – Binance Coin (BNB) finds renewed momentum after the latest Binance Launchpool announcement. Renzo (EZ) joins the ranks as the 53rd project introduced on the platform. This development often leads to increased demand for BNB as users stake the coin to participate in these sought-after token launches. Launchpool Fuels Demand The staking period […] The post Renewed Momentum for Binance Coin (BNB) After Launchpool Update – What’s Next? appeared first on CoinChapter.

Decentralized Cloud Computing Altcoin Explodes After Korea’s Biggest Crypto Exchange Announces Support

A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset. Akash Network (AKT) shot up Tuesday from a low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced support. At time of writing, AKT has retraced slightly to $5.30 and […] The post Decentralized Cloud Computing Altcoin Explodes After Korea’s Biggest Crypto Exchange Announces Support appeared first on The Daily Hodl.

Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows

Stablecoin issuer Tether told CryptoSlate that the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. A spokesperson for the firm said: “Tether respects the Office of Foreign Assets Control (OFAC) SDN list and […] The post Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows appeared first on CryptoSlate.

XRP Price Predictions Post-Halving: Will Ripple Surge to $1? Analysts Weigh In

Jack Dorsey And Block Are Developing A Full Bitcoin Mining System

Block, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin mining chip and is now in the final stages of producing the design with a leading global semiconductor foundry. This achievement marks a [...] The post Jack Dorsey And Block Are Developing A Full Bitcoin Mining System appeared first on Crypto Breaking News.

Binance Bitcoin Trading Dominance Slips: Bybit and OKX Gain Ground

TL;DR Binance has seen its non-US Bitcoin market share fall from 81.3% to 55.3% in one year. Platforms like Bybit and OKX have gained ground following the removal of Binance’s zero fee promotion. The company is working to rebuild its reputation and comply with regulations under new management, while facing legal challenges in the US ... Read more

Crypto market will continue to surge, says Glassnode Co-founders

If the ongoing trends in the crypto market are anything to go by, it is right to assume that Bitcoin is narrating the tale of survivors—those who held onto BTC in their portfolios at a time when the market was struggling to get past $20,000. As a result, the token has now risen above $65,000.   …

ApeBond Introduces Flash Bonds: A Structured Opportunity to Purchase Discounted Bitcoin

Grand Cayman, Cayman Islands, April 23rd, 2024, Chainwire The cryptocurrency sector is continually evolving, and ApeBond is at the forefront with its new offering: ⚡Flash Bonds. This feature enables participants to acquire Bitcoin (BTC) at specific discounts. ⚡Flash Bonds will be launched on the ApeBond website on April 23rd at 17:00 UTC, with transactions being [...]

Solana Price Surge Turns Student to Whale Crypto Analysts Forecast Parallel Fortunes for BlockDAG Early Investors with 30,000x ROI

In a thrilling turn of fortune, a college student’s gamble on Solana yielded over $10,000 during its peak, illustrating the vast potential of cryptocurrencies. This success story signals to investors the lucrative opportunities within this unpredictable market. The spotlight is on BlockDAG Network, a trailblazing crypto poised to redefine the crypto landscape. BlockDAG’s innovative technology [...]

Best Crypto Platform: BDAG Tops Ripple & ETH Price Prediction

While Ethereum shows signs of a downturn in its latest price forecasts, struggling to stay […]

New Solana Meme Coin Lucky Boo Explodes Onto Jupiter DEX With Airdrop Campaign

The post New Solana Meme Coin Lucky Boo Explodes Onto Jupiter DEX With Airdrop Campaign appeared first on Coinpedia Fintech News The Lucky Boo token is making waves, rapidly becoming a standout star in the crypto universe. With its presale rounds completely sold out and a dedicated community that’s buzzing 24/7, now’s the time to get in on this golden opportunity before $BOO hits major exchanges like Binance and Coinbase. Discover why this token is not …

Bitcoin Daily Fees Hit New All-Time High of $80,000,000 Following Launch of Runes: IntoTheBlock

The Runes protocol launch is causing Bitcoin (BTC) daily fees to soar well beyond a prior all-time high (ATH), according to the crypto analytics firm IntoTheBlock. Lucas Outumuro, IntoTheBlock’s head of research, says on the social media platform X that Bitcoin transaction fees soared to $80 million on April 20th, 4x the prior ATH from […] The post Bitcoin Daily Fees Hit New All-Time High of $80,000,000 Following Launch of Runes: IntoTheBlock appeared first on The Daily Hodl.

Zircuit Staking Soars Past $2B TVL In Only 2 Months

George Town, Grand Cayman, April 23rd, 2024, Chainwire Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months.  As Zircuit forges ahead towards mainnet, the ZK rollup’s staking program is rapidly gaining momentum, attracting over $2B TVL in a [...]

Zircuit Staking Soars Past $2B TVL In Only 2 Months

George Town, Grand Cayman, April 23rd, 2024, Chainwire Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months.  As Zircuit forges ahead towards mainnet, the ZK rollup’s staking program is rapidly gaining momentum, attracting over $2B TVL in a […] The post Zircuit Staking Soars Past $2B TVL In Only 2 Months appeared first on CoinChapter.

Argentina’s financial regulator introduces mandatory registration for all cryptocurrency service providers

Last month Argentina’s financial regulator, Comisión Nacional de Valores, introduced mandatory registration for all cryptocurrency exchanges and brokers operating in Argentina. As crypto service providers begin to get to grips with this new crypto registration rule, this article outlines the critical changes, compliance expectations, and long-term implications in a direct, fluff-free analysis. Why is Argentina […] The post Argentina’s financial regulator introduces mandatory registration for all cryptocurrency service providers appeared first on CoinJournal.

Crypto.com delays South Korea launch amid regulatory hurdles

Crypto.com planned to launch its trading services in South Korea on April 29. The company had acquired OK-BIT and PnLink for regulatory compliance. Despite the temporary halt, the company remains committed to navigating challenges to eventually enter the country. Crypto.com has decided to halt its plans to enter the South Korean market temporarily. The move […] The post Crypto.com delays South Korea launch amid regulatory hurdles appeared first on CoinJournal.

Injective Launches INJ 3.0 on Mainnet: Deflationary Era Begins

TL;DR Launch of INJ 3.0 on mainnet, making $INJ one of the most deflationary assets in the crypto market. Plan for accelerated reduction in INJ supply over the next two years. Beginning of a new era for the platform with these significant updates. Since its recent mainnet launch, INJ 3.0 has marked a major milestone ... Read more

Crypto groups sue SEC, claiming overreach in new dealer rule definition

Two prominent bodies in the crypto sphere, the Blockchain Association and the Crypto Freedom Alliance of Texas, have taken legal action against the US Securities and Exchange Commission (SEC). In an April 23 court filing, the groups argued that the SEC overstepped its bounds by sanctioning a rule that redefines the parameters for what constitutes […] The post Crypto groups sue SEC, claiming overreach in new dealer rule definition appeared first on CryptoSlate.

Omni Chain Announces the Launch of its Mainnet Restaking Phase 1, Armageddon

TL;DR Omni has announced the launch of phase 1 of its main network, called Armageddon, the result of years of research and development. With Armageddon, users can actively participate in network security through restaking on EigenLayer, strengthening stability with a variety of assets. The platform aims to address challenges such as fragmented liquidity on Ethereum ... Read more

Post-halving Bitcoin, Chainlink lead the chatter – What are you missing?

Bitcoin and Chainlink have seen increased activity lately, and there is a reason for that.

SEC’s Top Lawyers Quit Over DEBT Box Debacle

In a dramatic turn of events, the SEC’s two lawyers Michael Welsh and Joseph Watkins, resigned under pressure after a federal judge rebuked the regulator of “gross abuse” of power in its lawsuit against the DeFi firm DEBT Box. Welsh and Watkins were part of the team that filed suit against the digital asset company […]

Solana-Based Memecoin Hipposol is Set on a Moonbound Mission

London, United Kingdom, April 23rd, 2024, Chainwire The crypto market is buzzing with the arrival of Hipposol, a new memecoin launching on the secure and swift Solana blockchain. Hipposol is not just aiming for the stars but is on a mission to the moon. A Journey Beyond the Stars Born in the vast savanna of [...]

Blockchain Association and Crypto Freedom Alliance Fight Back Against SEC’s ‘Dealer Rule’ in Landmark Lawsuit

TL;DR The Blockchain Association and the Crypto Freedom Alliance of Texas sue the SEC over the expansion of the “Dealer Rule.” They argue that the rule threatens the digital asset industry and innovation by imposing restrictive regulations. They seek a court order to reverse the expansion of the rule and defend decentralization in cryptocurrencies. The ... Read more

Etherisc incorporates Chainlink CCIP

Etherisc has incorporated Chainlink CCIP and will utilize CCIP’s simplified token transfers for Etherisc’s conventional token, DIP, to have connectivity with Ethereum and the Base Layer2 network.  The boost factor related to decentralized insurance is the potential for connecting with dependable and tamper-proof on-chain, with Chainlink having played its part in allowing Etherisc to develop …

Search Interest in Bitcoin and Cryptocurrencies Remains Low Despite ETF Approvals and Halving

Martínez's analysis is reasonable, considering that significant historical price surges have typically been preceded by a significant increase in searches related to cryptocurrencies.

Presidential Candidate Kennedy Unveils Daring Plan To Put Entire U.S. Budget On Blockchain For Government Transparency

U.S. independent presidential candidate Robert F. Kennedy Jr. has a bold makeover for his eventual administration: To put the entire U.S. budget on the blockchain.

How To Keep Your Bitcoin Safe When You Have to Flee Your home

The world is becoming an increasingly unstable place politically and economically speaking. Many people all over the world are currently living somewhere presenting serious risks to their livelihood and well being, everything from totalitarian and persecutory governments to the general state of the economy deteriorating so badly that their ability to sustain themselves is in [...] The post How To Keep Your Bitcoin Safe When You Have to Flee Your home appeared first on Crypto Breaking News.

XT Announces the Listing of BCCoin (BlackCardCoin) Token

Singapore, April 23rd, 2024 – XT, the world’s premier socially-driven crypto trading platform, today announced the highly anticipated listing of BCCoin (BlackCardCoin) on its exchange. The BCCoin/USDT trading pair will go live on April 24th at 11:30 UTC in XT’s Main Zone dedicated to DeFi, AI, and Web3 projects. About BCCoin BCCoin is a groundbreaking […]

Michael Sullivan predicts Bitcoin to reach $245,000 in 5 years

In a recent post on X, leading financial expert Michael R Sullivan predicted that Bitcoin’s price would soar to a whopping $245,000 in the next five years. Ten years from now, it will be worth $909,000; by 2039, the value of every coin in circulation will reach an incredible $3.37 million. In 15 years, Bitcoin …

XRP’s price at $0.56 – Here’s the altcoin’s roadmap to $0.84

XRP may be affected by the correlation between major wallets, its past performance, and the SEC case.

Mt. Gox Teases Huge Bitcoin Payout in 2024

Defunct exchange Mt. Gox has revealed plans to distribute roughly 142,000 bitcoins and 69 billion yen by October 2024. The update via their website has sparked a wave of speculation among creditors and market analysts alike. Some Reddit users also reported actual payments being credited to their accounts. While the trustee of the controversial exchange […]

Logitech AI Prompt Builder allows users to create ‘custom-made prompt recipes’ with ChatGPT

Logitech’s Logi AI Prompt Builder will allow users to create, rephrase, summarize and save their custom ChatGPT prompts with a click of a button. [...] Read More... The post Logitech AI Prompt Builder allows users to create ‘custom-made prompt recipes’ with ChatGPT appeared first on CoinGeek.

Spectacular 350% Explosion Predicted For Shiba Inu, XRP, Solana, Cardano, Avalanche, DOT

Based on their proprietary index and Fibonacci levels, Glassnode's cofounders envision a gargantuan ~350% explosion from the current market levels.

BlackCard Redefines Crypto Payments With Token Launch and Key Listings

By introducing a plethora of useful features for crypto users, including the launch of the $BcCoin token (which will be featured on prominent crypto exchanges soon), BlackCard aims to be at the forefront of revolutionizing global cryptocurrency payment operations. By utilizing AI technology, the BlackCard Crypto Credit Card empowers users

Binance Coin (BNB) Leads Market Rally with 5% Surge, Hits $604.29

Binance Coin (BNB) has been gathering bullish momentum to break through the final handle towards a new all-time high (ATH). The Binance ecosystem has grown significantly despite the regulatory hurdles facing web3-focused companies around the world. Following the fourth Bitcoin (BTC) halving over the weekend, the altcoin market led by Binance Coin (BNB) has enjoyed [...]

Ethereum Spot Premium Reaches Highest Level Since October 2023 Says Top Analyst

The post Ethereum Spot Premium Reaches Highest Level Since October 2023 Says Top Analyst appeared first on Coinpedia Fintech News A recent analysis by prominent crypto trader Daan Crypto Trades highlights a significant development in the Ethereum market. According to Daan Crypto Trades, the spot premium for Ethereum (ETH) has surged to its highest level since October last year. Despite this, Ethereum’s price has doubled since then, indicating substantial progress.  Ethereum’s spot premium hits highest …

Optimism Returns to the Bitcoin ETFs Market After Halving

TL;DR Surge in Optimism: The Bitcoin ETFs market has seen renewed confidence post-Bitcoin halving, with increased net inflows into Bitcoin-related ETFs, indicating a positive outlook among investors. BlackRock’s Milestone: BlackRock’s Bitcoin ETF is nearing a record in assets under management, reflecting the growing mainstream acceptance of Bitcoin as an investment vehicle. Market Integration: The integration ... Read more

Shiba Inu Pumps $12M On Next-Gen Security

The Shiba Inu team has concluded a $12 million deal into their latest project, a Fully Homomorphic Encryption [FHE] blockchain, powered by TREAT token. The investment round was led by prominent venture capitalist Cypher Capital. FHE is a privacy tool that enables developers to process data on untrusted domains without decrypting it. The FHE integration […]

Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree

The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices.  Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly [...] The post Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree appeared first on Crypto Breaking News.

The Weekly Reorg: This Time Is Different

My buddy Harry Sudock has a wager with Danny Knowles of What Bitcoin Did fame about the prospect of a 50 BTC block reward in this new epoch. Putting aside a couple of fat fingers, the last time this happened was over 4000 days ago. Late last Friday night, his bet almost hit on the [...] The post The Weekly Reorg: This Time Is Different appeared first on Crypto Breaking News.

New Crypto Wave: Traders Set Sights On New 2000x Altcoin With Prospective Of an Aggressive ROI Before May 2024

The quest for the next big windfall is perpetual. Amidst this digital rush, a new contender has emerged—Option2Trade (O2T). Promising a staggering 2000x return and an aggressive return before May 2024, Option2Trade (O2T) has quickly captured the attention of savvy traders looking to capitalize on potential high-yield opportunities. O2T’s Magnetic Appeal Option2Trade (O2T) distinguishes itself […]

Cardano’s Giant Leap: PRAGMA Association Signals a New Era of Scalability and Global Ambitions

TL;DR Cardano celebrates the launch of PRAGMA, an independent open-source association, a key factor towards global scalability. The aim is to foster a solid and diverse ecosystem to ensure the scalability and resilience needed in the crypto and financial market. PRAGMA operates independently within the ADA community. Its initial projects, Amaru and Aiken, focus on ... Read more

Whales Are Moving Their Capital to BlastUP! DOGE and SHIB Holders Are Thrilled with Potential Gains

Big investors are shifting their investments into a rising coin called BlastUP, causing excitement among […]

Polygon’s Path to $1: Insights Into Whales’ Impact on Market Dynamics

Polygon whales are on a rampage with renewed interest to push the price toward $1. Besides its ecosystem whales, growth in active address counts is also a bullish catalyst for MATIC. Polygon (MATIC), one of the top altcoins built on Ethereum is on its way to climbing to $1 and the influence of large holders [...]

Rising Threats: How Scammers Exploit Telegram’s Support for TON Blockchain

Scammers use the referral links offered in private Telegram groups to defraud victims into incurring irreparable cash losses of $2 to $2,700. Toncoin’s price has dropped sharply, falling 9.41% over the last week and 7.13% over the previous day, suggesting increased market volatility. Scammers have unknowingly found a fruitful field thanks to Telegram’s introduction of [...]

Landmark Exchange Auction: CoinEx “Epic Sat” Now in Progress

The fourth “epic sat,” mined earlier by ViaBTC, the third-largest mining pool in the world, […]

Research Warns About Incoming Short-squeeze Led By Altcoins and Memecoins

TL;DR Following the fourth halving, speculations about the short-term market have begun. Previous halvings have resulted in a substantial increase in the price of Bitcoin, but this growth has occurred approximately between 50 and 100 days later. QCP anticipates a possible short squeeze led by altcoins and memecoins in the short term due to negative ... Read more

Moon teaser accelerates BlockDAG’s journey to top 10 crypto by 2024 with 30,000x ROI to beat Solana & PEPE

BlockDAG is captivating the cryptocurrency market with its ambitious announcement of a moon teaser for its upcoming keynote video, significantly accelerating its journey towards becoming a top 10 cryptocurrency by 2024. This bold initiative showcases BlockDAG’s innovative spirit and commitment to breaking new ground, with a staggering projected 30,000x return on investment (ROI) that aims …

India’s fair trade regulator to appoint agency for studying AI landscape

The CCI study is expected to examine the potential competition, scope, and nature of AI applications while assessing the tech's associated opportunities, risks, and ramifications. [...] Read More... The post India’s fair trade regulator to appoint agency for studying AI landscape appeared first on CoinGeek.

Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit

Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing too substantial yet, following the completion of […]

Bitcoin’s Correlation With U.S. Stocks Surges During Middle East Crisis

Bitcoin's price climbed above $66,000 after the latest halving event. Recent BTC price action has increased the Bitcoin stock correlation. The post Bitcoin’s Correlation With U.S. Stocks Surges During Middle East Crisis appeared first on CoinChapter.

PayPal’s Revolutionary Solution: Using Blockchain to Drive Sustainable Bitcoin Mining

TL;DR PayPal’s Blockchain Research Group, in collaboration with Energy Web and DMG Blockchain Solutions, is introducing a novel approach to make Bitcoin mining more environmentally friendly. They are leveraging crypto-economic incentives to promote sustainable mining practices. Miners who opt for sustainable energy will receive exclusive ‘green keys’ that provide them with advantages in handling Bitcoin transactions. This includes ... Read more

Akash Network (AKT) Leads Crypto Top 100 With 46% Rise Today: Here’s Why

Amidst a rather quiet altcoin market, Akash Network (AKT) has emerged as today’s standout performer among the top 100 cryptocurrencies by market capitalization, recording a significant 46% increase in price over the past 24 hours. This surge has propelled AKT to the forefront, well ahead of its peers such as Core (CORE) and Arweave (AR), [...] The post Akash Network (AKT) Leads Crypto Top 100 With 46% Rise Today: Here’s Why appeared first on Crypto Breaking News.

Breaking: Cardano’s Core Tech Teams Release Node v.8.9.2 with Peer-Sharing Fix

Cardano recently released node version 8.9.2, addressing a critical issue related to peer-sharing networking. The latest version v.8.9.2, resolves a substantial problem affecting the p2p (peer-sharing) networking feature.  Cardano, one of the leading blockchain platforms, has recently released node version 8.9.2, addressing a critical issue related to peer-sharing networking. This upgrade is part of the [...]

SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

In light of a recent civil case ruling, Terraform Labs and its co-founder, Do Kwon, are facing the prospect of heavy financial penalties from the U.S SEC. A filing made on April 19 in the U.S. District Court of New York in the Southern District of New York states that

FET signals a bullish reversal pattern

Investors at Fetch.ai are optimistic that FET will draw out a reversal pattern on the chart. A bull run is likely to be triggered following Bitcoin Halving, considering the correlation is 0.85. Most importantly, whales have demonstrated a shift in their sentiments from HODLing to accumulation in the last  2–3 days. They have increased their …

Limited supply DeeStream’s stage 2 presale explosion attracts Cardano & Polkadot for potential 50x returns amid a streaming boom

Polkadot has recently dropped below $9 but remains bullish as future developments start to induce bullish sentiment among traders. On the other end, Cardano is facing the test with potential support levels already identified around the latest downswing. Amid these dynamics, DeeStream’s Stage 2 presale is gathering some serious momentum as it offers an interesting …

BlackRock Bitcoin ETF Logs 70 Straight Days of Inflows, Surpasses $18 Billion in Assets

BlackRock’s Bitcoin ETF, IBIT, has achieved a notable milestone positioning itself among the top 10 exchange-traded funds with the longest streaks of daily inflows. U.S.-based spot Bitcoin exchange-traded funds recorded a total net inflow of $62 million on Monday, with Fidelity’s FBTC leading. BlackRock Bitcoin ETF IBIT has hit a new milestone recently recording 70 [...]

Bitcoin breaks $66k resistance, making short-term losses appealing

Bitcoin began its fresh increase around the 64,500 and 65,000 dollar resistance levels. The world’s largest cryptocurrency even pushed past the 66,000-dollar resistance mark. BTC managed to hit its weekly high of 67,200 dollars and is trying to consolidate its gains. Its price is gradually nearing the 23.6% Fib retracement level with an upward move …

Arbitrum investors worldwide maintain confidence in Pushd’s e-commerce presale, anticipating a significant market impact post-halving

Arbitrum is a layer-two scaling solution that works alongside Ethereum to speed up transactions and lower costs. It debuted in March 2023, grabbing attention for its remarkably low fees, even cheaper than Ethereum’s. This is possible because it offloads some tasks from the main Ethereum Blockchain. ARB holders have a say in platform changes, from …

Venezuela Accelerates Shift to Tether (USDT) Amidst Tightening US Sanctions

In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT). The United States Department of the Treasury requested last week that all PDVSA users and

Solana memecoin POPCAT rises 25% in 24 hours: Is this why?

If its 1-day chart is to be believed, POPCAT may extend its gains in the short term. 

Memecoin Mania Onboarding ‘Thousands and Thousands’ of People Into Base’s Economy, Says Creator Jesse Pollak

Base’s creator Jesse Pollak is singling out one category of crypto assets that is helping in the adoption of the layer-2 network backed by Coinbase. Pollak says in a new video posted on the social media platform X that memecoins are helping “onboard thousands and thousands of people” into the Base ecosystem. “I think every […] The post Memecoin Mania Onboarding ‘Thousands and Thousands’ of People Into Base’s Economy, Says Creator Jesse Pollak appeared first on The Daily Hodl.

Bitgert Coin Price Set for Upward Trajectory as Exchange Growth Surges

A cryptocurrency project will definitely grow in the crypto market if it offers solutions to the issues that investors face. Investors are enticed to invest in any cryptocurrency project by factors such as transaction ease, efficiency, appropriate structure, security, and efficient marketing. These are the techniques Bitgert employed to ensure

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

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 through 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.

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

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.

XRP Price Primed For Comeback If…

XRP is recovering losses and trading above $0.500. The bulls could gain strength if the price clears the $0.580 and $0.6150 resistance levels. The post XRP Price Primed For Comeback If… appeared first on CoinChapter.

Shiba Inu Memecoin Secures $12M Investment for Privacy Innovations

Shiba Inu, a cryptocurrency project best known for its memecoin status, has successfully raised $12 million from several high-profile institutional investors. This financial boost will fund the development of Treat, Shiba Inu's upcoming privacy layer designed to enhance user confidentiality and security. The post Shiba Inu Memecoin Secures $12M Investment for Privacy Innovations appeared first on CoinChapter.

Kona Coin Airdrop Ending Shortly – Claim Your Tokens Today

The Kona Coin development team is delighted to announce the initiation of its airdrop campaign, generously distributing 80 billion tokens to the community. With a meticulously crafted roadmap and a well-defined mission, Kona Coin aspires to emerge as a premier meme cryptocurrency on the Solana blockchain.  This project is dedicated to commemorating our cherished pets […] The post Kona Coin Airdrop Ending Shortly – Claim Your Tokens Today appeared first on CoinChapter.

Biceps Coin Introduces Bitcoin Earning Potential for $BICS Token Holders

Biceps Coin has announced a unique feature for its $BICS token holders. By holding at least 50 million tokens, $BICS holders can earn additional Bitcoin rewards.  Thanks to Bitcoin’s popularity and growth over time, many early investors are already looking into this young project. With a 3-phased roadmap, Biceps Coin wants to establish itself as a […] The post Biceps Coin Introduces Bitcoin Earning Potential for $BICS Token Holders appeared first on CoinChapter.

New Zealand kicks off 100-day CBDC public consultation

The Reserve Bank of New Zealand launched its first consultation in 2021, which focuses on principles and design options for the digital dollar. [...] Read More... The post New Zealand kicks off 100-day CBDC public consultation appeared first on CoinGeek.

Should You Buy Dogecoin Now? Analysts See Upside Potential

NAIROBI (Coinchapter.com) – As of April 22nd, Dogecoin (DOGE) trades at $0.1609. It boasts a market capitalization of $23.11 billion and a significant 24-hour trading volume of $1.29 billion. Current price movements indicate a bullish trend could be forming; the next level to watch is $0.2864. Bullish Consolidation in a Rising Wedge DOGE/USD trades within […] The post Should You Buy Dogecoin Now? Analysts See Upside Potential appeared first on CoinChapter.

EigenLayer Yield Crisis Could be Imminent Amid Rapid Growth

NAIROBI (Coinchapter.com) – EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), could face a “major” yield crisis due to its rapid growth outpacing the security needs of Actively Validated Services (AVSs), according to a pseudonymous builder at 3Jane derivatives exchange. Potential Yield Reduction Looming EigenLayer’s dominance in the restaking sector is […] The post EigenLayer Yield Crisis Could be Imminent Amid Rapid Growth appeared first on CoinChapter.

Put U.S. Budget on Blockchain Vows RFK Jr.

Robert F. Kennedy Jr., an independent presidential candidate, has vowed to put U.S. budget on blockchain in a bold move towards financial transparency. During a rally in Michigan on April 21st, Kennedy outlined his plan to revolutionize government spending accountability. Blockchain for Budget Transparency Kennedy’s blockchain proposal aims to enhance visibility into government expenditures. By […] The post Put U.S. Budget on Blockchain Vows RFK Jr. appeared first on CoinChapter.

Senators’ Stablecoin Bill, HFSC Markup are Top Crypto Policy Updates

NAIROBI (Coinchapter.com) – This week marked significant legislative movements in the U.S. crypto landscape, headlined by the introduction of the Senators’ Stablecoin Bill, known as the Lummis-Gillibrand Stablecoin Bill. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) unveiled a comprehensive proposal that sets the stage for a regulated framework under which banks and trust companies […] The post Senators’ Stablecoin Bill, HFSC Markup are Top Crypto Policy Updates appeared first on CoinChapter.

Analyst Doubts Bitcoin’s Return to $50K, Hedera and Filecoin Rival Set for Sky-high Returns

As the crypto market braces for Bitcoin’s halving, skepticism looms among analysts about the best cryptocurrency returning to the $50,000 mark. While Bitcoin navigates through volatile waters, a new ICO, InQubeta, emerges as a promising investment, challenging established players like Hedera and Filecoin with its innovative approach to the AI and crypto space. Bitcoin’s Volatile […] The post Analyst Doubts Bitcoin’s Return to $50K, Hedera and Filecoin Rival Set for Sky-high Returns appeared first on CoinChapter.

Why Are Uniswap And Injective Holders Showing Preference For Borroe Finance ($ROE) Presale?

In a recent turn of events, Uniswap (UNI) and Injective (INJ) investors expressed interest in the ongoing Borroe Finance ($ROE) presale, seeing it as an avenue to pull in significant windfall. The impact of the current market condition on the altcoins market triggered these investors to seek a better alternative. Let’s find out why Borroe […] The post Why Are Uniswap And Injective Holders Showing Preference For Borroe Finance ($ROE) Presale? appeared first on CoinChapter.

Skynet Trading receives backing from Saxo Bank Co-Founder Lars Seier Christensen and Edessa Capital

HONG KONG, – Skynet Trading Limited, a leading firm in digital assets trading and algorithmic software development, has announced a notable private transaction with Seier Capital and Edessa Capital. As a pioneer in digital asset liquidity and algorithmic trading solutions, Skynet Trading was bootstrapped to profitability and now onboards these new groups as private shareholders in […] The post Skynet Trading receives backing from Saxo Bank Co-Founder Lars Seier Christensen and Edessa Capital appeared first on CoinChapter.

BSV Blockchain is Green Technology

BSV blockchain is pushing past boundaries in terms of transaction capacity but redefining the standards for energy efficiency in digital transactions, a feat that would bridge the gap to the digital economy. [...] Read More... The post BSV Blockchain is Green Technology appeared first on CoinGeek.

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

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,” analyst Mark Palmer 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.

Furrever Token Presale ROI Soars, Catching Attention of Bitcoin (BTC) and Ethereum (ETH) Enthusiasts

As Bitcoin (BTC) and Ethereum (ETH) continue to ride the wave of excitement surrounding their recent halving events, cryptocurrency enthusiasts are eagerly anticipating whether Furrever Token (FURR) will seize the momentum and catch the presale hype train. With BTC and ETH experiencing slight climbs post-halving, investors are speculating whether FURR, with its unique approach to infusing cuteness into […] The post Furrever Token Presale ROI Soars, Catching Attention of Bitcoin (BTC) and Ethereum (ETH) Enthusiasts appeared first on CoinChapter.

Thailand Cracks Down on Unregistered Crypto Services to Tackle Cyber Crime

Thailand is planning to block unauthorized cryptocurrency service providers to fight online crimes. 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 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

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.

What is Nibiru chain (NIBI)?

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

How to Add SatoshiVM to MetaMask

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

How to Add Degen Chain to MetaMask

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

Tokenizing Real-World Assets Redefines Financial Inclusivity: A $16 Trillion Outlook

We are standing on the cusp of a new era when digital and traditional finance converge to create social and economic transformation. Where barriers to entry once stood, technological advancements are making it possible for anyone to access wealth-creation opportunities that were once the domain of the elite few. At the forefront of this transformation is the emergence of tokens, specifically those that represent real-world assets, such as stocks, bonds, real estate and others. By reimagining ownership and trading of assets, tokenization is unlocking doors to financial opportunities previously out of reach to many. This shift is not just altering market dynamics, it's laying the foundation for a more equitable and accessible financial future when empowerment and freedom aren't just ideals but tangible realities.Investing in Appreciating Assets - an Economic NecessityThe ability to invest capital into assets, instead of holding cash, is not a luxury but a necessity for every household looking to survive and thrive. Holding cash, often perceived as a safe bet, is a silent thief eroded by the relentless march of inflation. Consider this, $100 in 2004, sitting idly, would have the purchasing power of merely $60 today. Contrast this, with the dynamism of the stock market the same amount invested in the S&P 500 over the same period would have quintupled to an impressive $470.Yet, the landscape of stock ownership reveals a stark imbalance. The wealthiest 10% in the US control an overwhelming 93% of stocks, illustrating a deep-seated inequality in financial opportunity and access. This inequality is magnified when looking at sectors like private equity and private credit, where doors often remain closed to everyday investors. Enter Tokenization, the Great EqualizerWhile a distinctly counter-culture ethos characterized the early days of blockchain, it wasn’t long before traditional financial institutions sought to leverage this technology to improve existing financial pipelines. Thus began the race to tokenize the world and empower traditional assets like stock, bonds, and real estate with the benefits of blockchain, such as 24/7/365 trading, fractional ownership, transparency, and programmability.“The most important first step is to get in there and start to engage in the ecosystem”—Sandy Kaul of @FTI_Global.How banks and asset managers can get started with tokenization ⬇️ pic.twitter.com/kG2MdNrUdv— Chainlink (@chainlink) April 17, 2024Yet, perhaps the greatest advantage of the tokenization of traditional asset classes is the ability to encourage retail participation. Take the Republic Note, for example, a digital asset representing the Republic’s private equity portfolio of over 600 companies, including SpaceX, Maven, and Gumroad. All retail investors have to do to gain exposure to the portfolio is sign up for INX.One, the trading platform where the Republic Note trades 24/7/365. Such a privilege was unthinkable in the pre-tokenization era.The Tokenization Market Is HugeThe total addressable market for tokenization is huge, with hundreds of trillions of dollars worth of real-world assets waiting to come on chain. According to Boston Consulting Group, the tokenized asset market is projected to grow to a staggering $16 trillion by 2030. We are still in the early stages of this transformation, with only about 0.03% of the total market size currently captured. At this low level of market penetration, a golden opportunity presents itself to innovative asset managers, institutions, and investors who wish to position themselves on the cusp of a new financial era. #HSBC to Expand Tokenized Asset Offerings — CEO Says He's 'Very Comfortable' With #Tokenization https://t.co/mjFwfPN7Fw— Bitcoin.com News (@BTCTN) April 16, 2024However, navigating this evolving landscape is not without its challenges. Regulatory frameworks vary significantly across the globe, creating a complex mosaic of compliance requirements for asset managers and investors. This inconsistency in regulations poses a considerable hurdle, as entities must adapt and comply with diverse legal standards in different jurisdictions. Despite these challenges, the opportunity presented in the tokenization of real-world assets is too significant to ignore. Innovative asset managers, institutions, and investors looking to capitalize on this shift should collaborate with tokenization leaders to capitalize on this rare chance to be at the forefront of a financial revolution. Towards a Holistic Tokenized FutureTokenzied real-world assets are not growing in a vacuum. Indeed, no single type of digital asset will monopolize this new financial dawn. Rather, the true power of digital assets is unleashed when different forms of digital assets interface with one another. “The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom, and the United States Federal Reserve Banks to explore asset tokenization.”https://t.co/IfCuWBVWAt— Securitize (@Securitize) April 17, 2024Cryptocurrencies like Bitcoin, tokenized real-world assets, and Central Bank Digital Currencies (CBDCs) emerge as the foundational pillars of this modernized financial landscape. Each serves a unique role and can empower its peers to reach further than they can on their own. For example, enabling investors to purchase stocks, bonds, and real estate with crypto opens up entirely new investment avenues for crypto investors to diversify their holdings. The coexistence is a testament to the fact that financial inclusivity and progress don't demand the dominance of one over the others, but thrive on their mutual support and integration. As we move forward, this triad of digital assets is poised to redefine not just investment and currency, but the very fabric of economic interaction and empowerment. This article was written by Itai Avneri at www.financemagnates.com.

Binance Mulls Re-Entering India by Paying $2 Million Fine: Report

Binance is considering re-entering the Indian market after paying a $2 million penalty to local authorities, according to a report from The Economic Times published today (Thursday). The cryptocurrency exchange was ousted from the country last January for failing to comply with local laws.India: A Lucrative Market for Crypto ExchangesThe report emerged just a month after KuCoin, a Seychelles-based cryptocurrency exchange, announced its compliance with Indian regulations. Binance, KuCoin, and seven other global cryptocurrency exchanges were blocked by India’s Financial Intelligence Unit for violating local anti-money laundering laws.Following the order of the Indian authority, the mobile apps of these cryptocurrency exchanges were removed from Google’s Play Store and Apple’s App Store. The domains of their websites were also blocked in the country.Although there is no official confirmation, the local publication cited two anonymous sources regarding the exchange’s planned re-entry into the country.“[It is] unfortunate that it took [Binance] more than two years to realise there is no room for negotiations, and [that] no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” an anonymous source told the publication.Binance’s India StrategyBinance is the largest cryptocurrency exchange globally in terms of asset holdings and trading volume. It also dominated the Indian markets when it was operational there. Although there were several local crypto exchanges operating in India, Binance had an advantage due to its vast liquidity pool.India is a massive country with a population of over 1.4 billion. According to a report by the local crypto exchange CoinSwitch, the country has over 19 million cryptocurrency investors, of whom nearly nine percent are women. Further, about 75 percent of cryptocurrency investors in India are aged between 18 and 35.Despite the popularity of cryptocurrencies, the Indian government’s stance towards digital currencies has remained cautious. Currently, all crypto exchanges are required to deduct a 1 percent tax at source for all executed crypto transactions. Hpwever, OKX which was not named in the Indian authorities' banned list, which also exited the country earlier this year, citing harsh local regulations. This article was written by Arnab Shome at www.financemagnates.com.

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

[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

Bitcoin Halving Countdown: Why It May Not Guarantee Price Surge

The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given the recent developments, such as the approval of spot Bitcoin ETFs and improved crypto regulations. Understanding Bitcoin HalvingThe 2024 halving is expected to have an impact throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and speculation in the sector, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days. Following the halving, miners often experience a significant reduction in revenue. Additionally, the reduction in selling pressure can contribute to increased trading volume and price volatility in the market. Goldman Sachs recently cautioned investors against associating Bitcoin halving with price surges, Coindesk reported. This is because continued price gains rely on strong inflows into spot ETFs and not just the halving.While previous halvings have been followed by price appreciations, Goldman has pointed out that various macroeconomic factors play a significant role. The firm highlighted that the time taken to reach peak values in the past significantly varied. Additionally, the macroeconomic environment during past halvings differed from the current landscape, marked by high inflation and interest rates.Bitcoin ETFs and Market DynamicsSimilarly, Goldman emphasized in a report by Bloomberg the importance of considering other factors, such as the adoption of spot ETFs, in driving Bitcoin's price. The recent rally in BTC prices, fueled by inflows into U.S.-based spot ETFs, indicates that a significant portion of post-halving expectations may have already been priced in.Fred Thiel, the CEO of Marathon Digital Holdings Inc., echoed Goldman's sentiment, suggesting that the success of ETF approvals has accelerated price appreciation typically observed after halvings. However, Thiel acknowledged the potential impact of the halving on Bitcoin's supply dynamics and emphasized miners' optimism towards the event.With #BitcoinHalving just a few hours away, we can expect a volatile market. Best strategy is to either DCA into your favourite coins or just don't touch your bags at all. Things will settle in a couple of days & after some side way action, we will start moving up, especially the… pic.twitter.com/46YEXP57N8— Cryptonic Bull (@Cryptonic_Bull) April 17, 2024Bitcoin CashRecently, Bitcoin Cash (BCH) experienced its own halving. After the event, the cryptocurrency forked from Bitcoin and dropped 15%. According to Coindesk, this has prompted crypto traders to reassess their expectations of an immediate price surge in Bitcoin post-halving.Bitcoin Cash, created in 2017, has historically been viewed as a measure of Bitcoin's market sentiment. Its recent rally, followed by a sharp decline post-halving, conveys caution regarding Bitcoin's upcoming halving.The decline in the price of Bitcoin Cash was accompanied by the collapse in open interest for BCH futures. This trend indicates a shift in market dynamics. Additionally, negative funding rates across major exchanges reportedly underscore a potential unwinding of bullish sentiment. Insights from Analysts and ExpertsThe investment banking giant JPMorgan anticipates a sell-off price of $42,000 once the halving hype subsides. The impending reduction in miners' rewards of 50% could lead to increased selling pressure, potentially impacting Bitcoin's price trajectory in the coming months.Meanwhile, the Grayscale spot Bitcoin ETF (GBTC) recently experienced a significant decline in holdings. According to a report by Cointelegraph, the fund dropped by half from its trading debut in January to 309,871 BTC as of April 16, 2024. Since its inception, GBTC has faced a massive sell-off, significantly impacting Bitcoin prices. The reason attributed to this outflow is the high trading fees, with GBTC initially having the highest fees among US spot Bitcoin ETFs, set at 1.5%. This discrepancy in fees has prompted other ETFs to lower their fees, ranging between 0.2% and 0.4%. In contrast, BlackRock's IBIT offered a competitive fee of 0.25% at launch. Thus, IBIT has experienced an extraordinary surge, increasing holdings by over 10,000% since its debut. Despite the lack of direct correlation, the surge has added to the significant Bitcoin-related events.Bitcoin ETF LandscapeOverall, the collective holdings of the ten spot Bitcoin ETFs approved in the US reached approximately 862,162 BTC, valued at $54.7 billion as of April 16, 2024. While the decline of GBTC and the surge of IBIT dominate headlines, other ETF providers have accumulated significant holdings, contributing to the dynamic landscape of Bitcoin investments.Meanwhile, Bitcoin mining profitability has experienced a significant downturn of 75% over the past three years. According to Stocklytics.com, profitability dropped from March 2021 to March 2024.This trend is attributed to various factors, including the rising costs associated with mining operations and the impact of halving events on miners' rewards. The metric used to measure Bitcoin mining profitability is the hash price, denoted in dollars per terrahash (USD/TH). This metric has been influenced by several factors, including the price of Bitcoin, transaction fees, network complexity, and block subsidies. Despite Bitcoin's price surges in the past, mining profitability has been on a steady decline, with diminishing returns becoming increasingly evident. Bitcoin mining operations face numerous challenges that impact profitability. Energy consumption is a significant concern, with the process consuming vast amounts of electricity annually. This article was written by Jared Kirui at www.financemagnates.com.

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