Cryptocurrencies Today: News, Analysis, and Predictions ☀️

BlockDAG Miners Go Viral for 2000 Coins Daily Output Capability Amid Hedera’s 50% Weekly Surge & PulseChain’s Bullish Strength

May 1, 2024 | 14:11 pm

Amid Hedera’s recent 50% surge in the week and the bullish performance of PulseChain crypto, BlockDAG continues to revolutionize the cryptocurrency landscape with its pioneering strategies. Its mining endeavors draw in a flood of enthusiasts seeking to broaden their portfolios. Its ongoing presale has amassed an impressive $22 million by selling more than 8.3 billion […]

Fear Grips Crypto Market As Bitcoin and Ethereum Prices Plummet

May 1, 2024 | 14:00 pm

Amidst heightened discussions surrounding Bitcoin and Ethereum, traders find themselves at a crossroads as fear grips the cryptocurrency market. Santiment’s data reveals a stark contrast, with Bitcoin and Ethereum dominating the discourse, leaving other assets in their digital dust. Bitcoin fell to $59.5K, and Ethereum dropped to $2.9K today, causing concern among traders who fear […]

UK sharpens focus on crypto regulation in latest anti-money laundering report

May 1, 2024 | 13:32 pm

The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to financial crime and at the […] The post UK sharpens focus on crypto regulation in latest anti-money laundering report appeared first on CryptoSlate.

Trillions Of SHIB On The Move By Mysterious Whales as Shiba Inu Ecosystem Looks ‘Ripe to Explode’

May 1, 2024 | 13:18 pm

Shiba Inu (SHIB), known for its dog-themed branding, has recently experienced a remarkable surge in whale activity, indicating significant movements of large SHIB tokens.

SEC Under Fire: Ethereum Files Reveal All

May 1, 2024 | 13:00 pm

The SEC and its Chair, Gary Gensler, have hogged the spotlight again after House Financial Services Committee Chairman Patrick McHenry came forward with serious allegations. This comes after recent controversies surrounding the US regulator, including a federal judge rebuking the regulator for “gross abuse” of power. Adding fuel to the fire were the unredacted filings […]

Boost For Polkadot As Kusama Sells All 3 Coretime in First Sale: DOT Rejects Bears

May 1, 2024 | 13:00 pm

In a momentous event that heralds a new era for Polkadot, Kusama, its test network, sold all three cores in its first Agile Coretime sale, as reported on April 30. This achievement, shared by Parity Technologies, the developer of the interoperable blockchain, is a crucial step in their roadmap towards bringing Agile Coretime to the […]

Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report

May 1, 2024 | 12:55 pm

ARK Invest CEO Cathie Wood is reportedly raising her price target for Bitcoin (BTC) based upon an assumption of greater institutional investment in the top digital asset by market cap. According to a new report from Benzinga, Wood’s latest prediction is that Bitcoin will soar to $3.8 million by 2030 if institutions decide to allocate […] The post Cathie Wood Raises Bitcoin Price Target, Says Institutions May Push BTC To This Astronomical Level: Report appeared first on The Daily Hodl.

Changpeng Zhao’s Four-Month Sentence Sends A Clear Warning To The Cryptoverse — No More Wild West

May 1, 2024 | 12:50 pm

After months of legal back-and-forth, Binance’s founder, Changpeng Zhao, received a four-month sentence for anti-money laundering violations.

Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value

May 1, 2024 | 12:47 pm

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, […]

Ripple Unlocks Half A Billion XRP Tokens From Escrow, Stoking Price Drop Fears

May 1, 2024 | 12:38 pm

Ripple unlocked 500 million XRP from escrow, triggering debates over its potential impact on the coin's price.

Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets

May 1, 2024 | 12:26 pm

Senator Cynthia Lummis expressed deep concern regarding recent actions by the Biden administration, which she perceives as a threat to the principles of the Bitcoin network and the broader DeFi sector. In a statement released on May 1, Lummis criticized the Department of Justice’s (DOJ) latest legal interpretations, which argue that non-custodial software platforms — […] The post Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets appeared first on CryptoSlate.

Shiba Inu’s Downturn Explained: SHIB Team Provides Perspective on Recent Decline

May 1, 2024 | 12:21 pm

Shiba Inu has only recently lost its value massively, reflecting most market trends typical for the volatile crypto market. Lucie, a member of the Shiba Inu ecosystem team, discovered several underlying factors of this descending trend. Shiba Inu, the popular Dog-themed cryptocurrency, has recently experienced a significant price decline, mirroring the broader trends in the [...]

Binance Adds JTO, NFP, MANTA, and Others to Loanable Assets, Reflecting Market Demand

May 1, 2024 | 12:02 pm

The recent announcement of new crypto projects available as loanable assets on Binance Loans underscores the exchange’s commitment to providing traders with enhanced opportunities and flexibility within its ecosystem. Despite Binance’s efforts to diversify its offerings, the announcement failed to uplift crypto prices amid the prevailing market downturn ahead of the FOMC meeting. While the [...]

Bitcoin’s Bear Bite: Will $60K Lows Freeze Out Investors?

May 1, 2024 | 12:00 pm

Bitcoin is currently in a phase where demand has slowed leading to a two-month low at $60K. As per analysis from CryptoQuant, the monthly growth of permanent holders [long-term investors], has posted a significant reduction from over 200K Bitcoin in late March to a mere 96 now. This indicates a slowing investor interest in accumulating […]

Crypto Analyst Who Predicted Bitcoin Crash Below $57,000 Reveals Next Target

May 1, 2024 | 12:00 pm

The Bitcoin price has seen a massive downside this week going into the FOMC meeting on Wednesday. The digital asset’s price saw a sharp 8% drawdown, which sent its price below $57,000, its lowest point in two months. While this came as a surprise to many, one crypto analyst in particular was able to pinpoint […]

Chainlink’s Bullish Reversal Falters, Signaling Potential 30% Decline in May

May 1, 2024 | 11:59 am

Technical indicators suggest that Chainlink’s struggles may persist in the near term. Ali Martinez asserts that Chainlink may experience a bullish surge based on readings from the Tom DeMark (TD) Sequential indicator. The cryptocurrency sector began January 2023 on a bearish tone, with Chainlink (LINK) badly affected as Changpeng Zhao, the founder of the world’s [...]

Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’

May 1, 2024 | 11:56 am

On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]

Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders

May 1, 2024 | 11:45 am

The nonprofit crypto advocacy group Coin Center is mulling whether to file an amicus brief in support of the co-founders of the crypto mixer Samourai Wallet. Last week, authorities arrested Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill for allegedly operating an unlicensed money-transmitting business that executed more than $2 billion in unlawful transactions. The […] The post Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders appeared first on The Daily Hodl.

BlackRock Leads Funding Round for US Firm Focused on Tokenization of Real-World Assets

May 1, 2024 | 11:41 am

Asset management titan BlackRock is leading a new fundraising round for Securitize, a US company geared towards the tokenization of real-world assets. According to a new press release, Securitize has completed a $47 million funding round led by BlackRock, which has over $10 trillion of assets under its management and is the largest asset manager […] The post BlackRock Leads Funding Round for US Firm Focused on Tokenization of Real-World Assets appeared first on The Daily Hodl.

Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

May 1, 2024 | 11:30 am

Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls for the better part of Q4 2023 and Q1 2024. Bitcoin Is Falling, Losses $60,000 Bitcoin is under intense liquidation pressure, struggling against the deluge of sellers. Earlier today, BTC broke below $60,000, melting below April 2024 lows. Related Reading: Bitcoin Price Dips Below $57,000: 4 Key Reasons This dump confirmed sellers of April 13, signaling a possible start of a bear formation that may see BTC lose ground, peeling back February and March 2024 gains. Nonetheless, the analyst maintains that the uptrend will remain as long as Bitcoin stays above the $49,000 to $52,000 support zone, soaking up all selling pressure. This assessment, based on candlestick arrangement, can serve as a reassurance to BTC holders. The trader maintains that despite the sell-off, panic is unwarranted at this point. Referring to the Elliott Wave Principle, a technical analysis indicator, the analyst points out that the coin is simply pausing. For those with a more aggressive trading strategy, the dip, ideally towards the above support zone, could present an opportunity to buy on dips in anticipation of Wave 5. Currently, the analyst notes Bitcoin is in Wave 4, a stage that will take approximately the same time as Wave 2. Then, prices dumped after a brief rally, peaking in May 2023. However, prices rally in Wave 3, pushing prices below $30,000 to fresh all-time highs, peaking at $73,800. The drop from all-time highs to spot rates, looking at the Elliot Wave Theory, could indicate that prices are in Wave 4 before the eventual leg up, ending at Wave 5. What’s Next? Will BTC Breach $100,000 In Wave 5? Even so, when BTC will bottom up remains to be known. As things stand, the analyst said traders should watch two exponential moving averages (EMAs) of the 21 and 50 periods. A retest of these dynamic levels could offer support, preparing traders to buy on dips in anticipation of the final Wave 5. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price For May 2024 However, the analyst didn’t lay out the next possible target even from the chart. Still, if Wave 3 is around the same length as Wave 5, Bitcoin has a strong chance to surpass $100,000 after the current volatile price action ends. Feature image from DALLE, chart from TradingView

Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

May 1, 2024 | 11:30 am

Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls [...] The post Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst appeared first on Crypto Breaking News.

Bitcoin fights to get above $58,000 as Fed maintains unchanged rates

May 1, 2024 | 11:26 am

Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 5.25% to 5.50%. Preceding this decision, Bitcoin experienced a decline from approximately $64,000 to a low of around $56,500. Presently, Bitcoin is trading at approximately $58,000. Following the decision, notable movements have been observed in crypto equities. Coinbase […] The post Bitcoin fights to get above $58,000 as Fed maintains unchanged rates appeared first on CryptoSlate.

US Senator Criticizes Biden Administration for ‘Criminalizing Core Tenants of the Bitcoin network’

May 1, 2024 | 11:10 am

TL;DR Senator Cynthia Lummis denounces the US Department of Justice’s restrictive stance on private cryptocurrency wallets. Lummis argues that the DOJ’s position contradicts Treasury guidance and undermines the decentralized essence of cryptocurrencies. The controversy arises in recent cases where the DOJ is seeking criminal charges against non-custodial wallet software developers. Senator Cynthia Lummis (R-WY) has ... Read more

CZ Sentenced: Binance Founder Faces Four Months In Prison

May 1, 2024 | 11:06 am

In a courtroom drama that captivated the cryptocurrency world, Binance’s founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in prison by U.S. District Judge Richard Jones. Delivered against the backdrop of heated arguments from both sides, the sentencing took place in a Seattle courthouse, according to the latest report. Binance’s Compliance Oversight […]

Billionaire Whale Deposits Over $147,980,000 in Crypto to Kraken As Bitcoin (BTC) Kicks Off May With More Red

May 1, 2024 | 11:05 am

Bitcoin has started the month of May with another downward move, so far touching the $56,480 level after an already red April. The breakdown coincides with several whales – known and unknown – sending massive amounts of coins to crypto exchanges, presumably to sell on the open market. Initially spotted by blockchain tracking firm Lookonchain, […] The post Billionaire Whale Deposits Over $147,980,000 in Crypto to Kraken As Bitcoin (BTC) Kicks Off May With More Red appeared first on The Daily Hodl.

Binance Completes 21st Batch of LUNC Burn with 1.4B LUNC Burned

May 1, 2024 | 11:05 am

On Wednesday, crypto exchange Binance completed its 21st batch of the LUNC burn mechanism, burning 1.4 billion Terra Luna Classic (LUNC) tokens. Following Binance’s most recent burn, the cryptocurrency exchange has burned more than 57 billion LUNC in total. More than 112 billion LUNC tokens have been burnt by the

Binance: After CZ’s arrest, these execs prompt global ‘manhunt’

May 1, 2024 | 11:00 am

Nigeria's pursuit of Binance executives prompts a global manhunt.

Binance Founder “CZ” Responds to Four Months Sentencing, Reiterates Funds are Safe

May 1, 2024 | 10:42 am

Binance Founder Changpeng Zhao has reacted positively to his 4-month sentence with community appreciation. While leniency was shown to him, the crypto market found another reason to trigger intense selloffs. Changpeng ‘CZ’ Zhao, founder of the prominent Binance Holdings has responded to his four-month sentencing, assuring investors of the safety of funds within the platform. [...]

Ethereum Plummets Amid Bearish Market Sentiment: How Low Can ETH Go?

May 1, 2024 | 10:38 am

Ethereum (ETH) started the year 2024 on a positive note, recording an impressive 79.34% increase in valuation and reaching a high of $4,094.75. However, after a period of sideways trading, the bulls lost momentum, and the price has since been trading under bearish influence. The global cryptocurrency market cap has

Tether’s Q1 2024 Report Reveals $4.52B Net Profit and Strong Reserves

May 1, 2024 | 10:37 am

The USDT stablecoin’s issuer, Tether, has released its Q1 attestation report for 2024. As of March 31, 2024, the most recent attestation extends beyond the reserves supporting Tether stablecoins. In addition, it summarizes the financial strength of the whole Tether Group. The first quarter of 2024 was a watershed moment

Shiba Inu’s Downturn Explained: SHIB Team Provides Perspective on Recent Decline

May 1, 2024 | 10:34 am

Shiba Inu (SHIB) has tanked since the Bitcoin halving, defying the cyclic trend where altcoins spike following the halving as BTC investors seek better returns elsewhere. The Shiba Inu team attributes the dip to factors beyond the meme coin, such as the disappointing debut of the Hong Kong ETFs and policy and economic forecasts. Shiba [...]

$354 Million Crypto Longs Squeezed As Bitcoin Crashes To $57,000

May 1, 2024 | 10:30 am

Data shows the cryptocurrency derivative market has observed mass liquidations following the crash of Bitcoin and other assets. Bitcoin Has Seen Bears Winning As Price Has Plunged 6% Over The Past Day Recently, Bitcoin has been stuck in consolidation in the $60,000 to $70,000 price range, unable to mount any sustained move in either direction. […]

Tether reports record $4.52 billion profit in Q1 despite shrinking market share

May 1, 2024 | 10:29 am

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. […] The post Tether reports record $4.52 billion profit in Q1 despite shrinking market share appeared first on CryptoSlate.

BlockDAG Leads Crypto Presales with Over $22M Raised & $100M Liquidity Goal, Leading Rebel Satoshi and 5th Scape On The Chart

May 1, 2024 | 10:27 am

BlockDAG has rapidly ascended to a leadership position in the cryptocurrency presale market, amassing an impressive $22 million and setting a bold liquidity goal of $100 million for launch. This remarkable performance positions BlockDAG ahead of its competitors, Rebel Satoshi and 5th Scape, on the charts. BlockDAG aligns interests with the project’s long-term success and […]

Bitcoin’s Drop to $57,000 Fuels Concerns: BTC Investors Brace for Market Turbulence Ahead of Key Fed Decision

May 1, 2024 | 10:23 am

The price of Bitcoin dropped to $57,300 as investors were unsure what to expect before the Fed announcement. Permanent holders and whales reduce the demand, which sends the market anticipation of a decline. Bitcoin and various cryptocurrencies experienced a significant downturn, dropping to their lowest levels in over two months. This decline coincided with broader [...]

NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines

May 1, 2024 | 10:21 am

Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales […]

Top 10 most profitable cryptos under $1: BlockDAG leads the list

May 1, 2024 | 10:05 am

The dynamic financial ecosystem offers cryptos that promise substantial growth with minimal initial investment. This […]

Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency

May 1, 2024 | 10:05 am

The post Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency appeared first on Coinpedia Fintech News The crypto community is anticipating a Litecoin ETF, championed by founder Charlie Lee, awaiting SEC approval. Lee’s optimism can possibly be ascribed to Litecoin structural similarities with Bitcoin, favoring its ETF classification. Ethereum relying on Proof-of-Stake brings regulatory challenges, delaying potential ETF approvals. Meanwhile, Lee is cautious about the prospects of Ethereum’s ETF because of …

Ripple’s (XRP) Bullish Q2 Price Outlook; NEAR Protocol Gains Traction; RECQ Favored By Whales

May 1, 2024 | 10:01 am

The post Ripple’s (XRP) Bullish Q2 Price Outlook; NEAR Protocol Gains Traction; RECQ Favored By Whales appeared first on Coinpedia Fintech News TLDR XRP returns to bullish tracks, with sights set on $1 before the end of quarter two. NEAR Protocol trades on the upside, oblivious to bearish signals. Rebel Satoshi Arcade excites whales and is tipped for a 55x jump after its market debut. With the second quarter of the year shifting gears, it is a …

Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens!

May 1, 2024 | 10:01 am

The post Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens! appeared first on Coinpedia Fintech News Binance supports the Terra Luna Classic community’s 21st batch of the LUNC burn mechanism, eliminating 1.4 billion LUNC tokens. This step makes Binance Binance’s total LUNC burn to over 57 billion. It’s a major contribution to the community’s total burn that exceeds 112 billion tokens. Though it witnessed declining trading volumes in April, Binance attributed …

BlockDAG Targets $20 Valuation By 2027: Outshining Dogecoin’s Volatility And Toncoin’s Market Rise

May 1, 2024 | 10:00 am

Amid the bustling activity in the cryptocurrency market, Dogecoin struggles to stabilize at $0.15 while Toncoin experiences a notable market upsurge due to recent strategic enhancements. Despite these developments, BlockDAG captures the spotlight with its strategic vesting plan and an impressive $22 million raised in its presale so far, positioning itself as the top cryptocurrency [...]

Dogecoin loses 20% in 7 days, but can this group turn things around?

May 1, 2024 | 10:00 am

DOGE should hold on to its current levels for the broader sentiment to stay bullish.

From Doxxing to Triumph: How Forbes Unintentionally Fueled BlockDAG’s Financial Surge to $1 Million Daily!

May 1, 2024 | 10:00 am

BlockDAG Network (BDAG) has been thrust into the spotlight due to an unexpected leak by Forbes, causing a stir among investors. This inadvertent disclosure has led to a significant increase in BlockDAG’s presale figures, which now stand at a remarkable $22 million for its latest batch. As a result, BlockDAG

Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone

May 1, 2024 | 10:00 am

Bitcoin has finally broken below the $60,000 support level for the first time in two months. The world’s largest digital asset has largely been in a euphoria phase since the beginning of the year, particularly after the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation of the price of Bitcoin [...] The post Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone appeared first on Crypto Breaking News.

US Treasury’s $125M Plan and Arthur Hayes Insights Hint at Crypto Market Recovery

May 1, 2024 | 09:58 am

The post US Treasury’s $125M Plan and Arthur Hayes Insights Hint at Crypto Market Recovery appeared first on Coinpedia Fintech News The US Treasury’s $125 million refunding and buyback plan, alongside insights from Arthur Hayes, signal potential market stabilization. This measure by the Treasury Department points at a possible stability for both crypto and stock markets. Arthur Hayes points at macroeconomic factors like a $200 billion infusion of tax receipts to be most crucial for market …

Algotech Presale Inches Closes to $5M Presale, MATIC Price Hits Critical Level While Filecoin Braches for Next Leg Up

May 1, 2024 | 09:56 am

The post Algotech Presale Inches Closes to $5M Presale, MATIC Price Hits Critical Level While Filecoin Braches for Next Leg Up appeared first on Coinpedia Fintech News The Algotech presale is on a record-breaking run, nearing a staggering $5 million. However, the broader market presents a nuanced picture. The price of MATIC, a prominent DeFi player, has dipped to a critical level, prompting questions about a potential course correction. Conversely, Filecoin, a decentralized storage network, exhibits resilience, suggesting continued growth on the …

Ripple Forms Partnership With Tokyo Unit of $1,200,000,000 Firm To Push for XRPL-Powered Solutions in Japan

May 1, 2024 | 09:55 am

Payments firm Ripple has inked a new partnership with the Tokyo-based arm of HashKey Group in an effort to bring XRP Ledger-based supply chain finance solutions to Japan. Ripple and HashKey DX, a Japanese consulting company of the HashKey Group, will also work with Japanese financial services giant SBI Holdings, which has been partnered with […] The post Ripple Forms Partnership With Tokyo Unit of $1,200,000,000 Firm To Push for XRPL-Powered Solutions in Japan appeared first on The Daily Hodl.

Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI

May 1, 2024 | 09:54 am

The post Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI appeared first on Coinpedia Fintech News The crypto market is witnessing notable price declines due to macroeconomic activities, legal scrutiny of various deFi projects, and interest rates. Moreover, many investors have liquidized their assets after a short post-halving surge leading the altcoin industry to a bearish momentum. Amid these trends, Stacks (STX) and Filecoin (FIL) show notable price declines on the …

DeFi Emerges As Viable Distribution Channel for RWAs: Fathom Co-founder

May 1, 2024 | 09:52 am

Amid multiple narratives swaying the crypto space, tokenized real-world assets (RWAs) have stolen the spotlight of institutions from the traditional finance (TradFi) scene. These institutional-friendly assets are set to unlock new avenues for investment and liquidity while introducing novel challenges. TheNewsCrypto recently engaged in a discussion with Manuel Rensink, co-founder

Bitcoin’s recent decline mirrors past cycle trends

May 1, 2024 | 09:51 am

Quick Take Bitcoin has undergone a correction of approximately 23% from its peak of $73,600 in March. Analyzing historical cycles can offer valuable perspectives on its current price dynamics. Glassnode data indicates that Bitcoin is presently down by 12% from its 2021 peak, established in April 2021. This positions it between the trajectories of the […] The post Bitcoin’s recent decline mirrors past cycle trends appeared first on CryptoSlate.

UK Treasury Report: Crypto Identified as High-Risk for Money Laundering 2022-2023

May 1, 2024 | 09:46 am

The post UK Treasury Report: Crypto Identified as High-Risk for Money Laundering 2022-2023 appeared first on Coinpedia Fintech News A.U.K. Treasury report ranked crypto, alongside retail and wholesale banking, and wealth management, as the three highest-risk sectors for money laundering during 2022-2023. The Financial Conduct Authority’s risk assessments on 238 firms concurred with the outcome. Since 2020, the FCA has regulated crypto firms to comply with anti-money laundering rules. In fact, the U.K. has …

Standard Chartered Forecasts Bitcoin Could Decline to $50,000 Amid Market Conditions

May 1, 2024 | 09:44 am

The post Standard Chartered Forecasts Bitcoin Could Decline to $50,000 Amid Market Conditions appeared first on Coinpedia Fintech News Standard Chartered Bank predicts Bitcoin’s price, currently around $57,000, could drop to $50,000 as it breached the $60,000 threshold. The head of forex and digital assets research, Geoffrey Kendrick highlighted crypto-related concerns like U.S. ETF outflows and the heated response to the launches of Hong Kong ETF. Other influences include macro trends like U.S. liquidity …

Rep. McHenry Alleges SEC Chair Gensler Misled Congress on Ethereum Status

May 1, 2024 | 09:43 am

The post Rep. McHenry Alleges SEC Chair Gensler Misled Congress on Ethereum Status appeared first on Coinpedia Fintech News Rep. Patrick McHenry (R-NC), Chair of the House Financial Services Committee, accused SEC Chair Gary Gensler of misleading Congress about Ethereum’s status. Consensys’s unsealed document from a lawsuit reveal Ethereum’s year-long internal consideration by the SEC as an unregistered security. Also, McHenry has criticized the SEC’s contradictory public stance and private actions, and called it …

Nektar Network begins Epoch 1 of Nektar Drops – Rewards for ongoing participation

May 1, 2024 | 09:29 am

Berlin, Germany, May 1st, 2024, Chainwire The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in predefined activities within […] The post Nektar Network begins Epoch 1 of Nektar Drops – Rewards for ongoing participation appeared first on CoinJournal.

Investor alert: BEFE coin’s remarkable takeover of PEPE and Shiba Inu revealed

May 1, 2024 | 09:13 am

In a market that includes Shiba Inu and PEPE coins as meme currencies, nobody would have thought that a newcomer would have threatened their positions. The BEFE coin has become one of the fastest-growing tokens in the market and has taken over the other currencies like they did not matter. The BEFE coin is growing …

Meet XERA, The Fastest Growing Tech Community in Town

May 1, 2024 | 09:05 am

The tech world thrives on innovation, collaboration, and a touch of friendly disruption. Right now, there’s a name on everyone’s lips: XERA Group International. This isn’t a typical tech startup; XERA is a visionary force determined to shatter barriers and ignite a global revolution. Their mission? To create a unified community where tech enthusiasts, seasoned [...]

500 Million XRP Release by Ripple Triggers Price Drop Worries: Investor Anxiety Grows

May 1, 2024 | 09:02 am

Ripple Labs releases 500 million XRP from escrow, sparking speculations and discussions with respect to the rationale as recent distributions deviate from regular patterns. An analyst predicts that XRP could still hit $5 and later reach $18 as long as it trades within the $0.3917 and $0.6649 support range. Ripple Labs recently became the talk [...]

DEMAND Pool’s CEO Says The Time To Decentralize Bitcoin Mining Is Now

May 1, 2024 | 09:02 am

Company Name: DEMAND Founders: Alejandro De La Torre and Filippo Merli Date Founded: 2023 Location of Headquarters: Lisbon, Portugal and Florence, Italy Amount of Bitcoin in Treasury: “Currently being bootstrapped” Number of Employees: 2 Website: https://www.dmnd.work/ Public or Private? Private Alejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he’s [...] The post DEMAND Pool’s CEO Says The Time To Decentralize Bitcoin Mining Is Now appeared first on Crypto Breaking News.

60% Cardano [ADA], 83% ARB holders lose money – Breaking down why

May 1, 2024 | 09:00 am

Over half of the investors holding ADA and ARB do so at significant losses.

Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge

May 1, 2024 | 09:00 am

Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency [...] The post Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge appeared first on Crypto Breaking News.

Cardano Founder And Ripple CTO Go Head To Head Over XRP Regulations And ETHGate Allegations

May 1, 2024 | 09:00 am

The crypto community is witnessing a virtual showdown between Cardano Founder, Charles Hoskinson and Ripple’s Chief Technology Officer (CTO), David Schwartz. The two crypto giants are clashing over Ripple’s present regulatory challenges and the allegations surrounding the ETH Gate. Hoskinson And Schwartz Embark On Heated Debate Tensions have flared up within the crypto community as […]

Aptos and Cosmos Price Down in the last 30 Days While New Crypto Raboo Clears a Million in Presale

May 1, 2024 | 08:54 am

The expected crypto euphoria after the Bitcoin halving has not yet materialized, and the markets are taking a beating. Aptos has seen a massive loss, while the Cosmos price is not looking good either. Can these tokens recover, or should investors opt for new coins that may be the fastest-growing cryptos to offset their losses? [...]

Roger Ver, ‘Bitcoin Jesus’, Nailed With Indictment by DOJ

May 1, 2024 | 08:52 am

The US DOJ is seeking Roger Ver's extradition from Spain following his recent indictment for mail fraud, tax evasion, and false tax returns. The post Roger Ver, ‘Bitcoin Jesus’, Nailed With Indictment by DOJ appeared first on CoinChapter.

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

May 1, 2024 | 08:50 am

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins. Tools like Coinglass’s liquidation heatmap are invaluable as they visually represent where the market holds large amounts of leveraged positions, identifying potential price points where forced liquidations will occur if […] The post Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k appeared first on CryptoSlate.

Chainlink Launches FIX Native Blockchain Adapter for Institutional Trading

May 1, 2024 | 08:50 am

TL;DR Rapid Addition and Chainlink are developing a native blockchain FIX adapter for the traditional finance sector. Their goal is to facilitate banks’ access to the digital asset market, ensuring a secure and seamless integration. This new tool will prevent banks and other institutions from having to duplicate their systems and controls. Rapid Addition and ... Read more

Crypto Hack Losses Decrease by 67.9% in April: Report

May 1, 2024 | 08:48 am

Losses stemming from hacks in the crypto sector fell by 67.9% in April to $60.2 million, compared to March 2024, as reported by blockchain security firm PeckShield Alert. According to the report, over 40 hacking incidents drained this sum across multiple protocols within the on-chain ecosystem. While this is significantly

$400 Million Liquidated in 24 Hours as Crypto Market Crashes

May 1, 2024 | 08:42 am

TL;DR Market Crashes: The crypto market saw a dramatic plunge, with nearly $400 million liquidated in 24 hours, heavily impacting investors as Bitcoin dropped below the crucial $60,000 support level. Volatility Spike: An unexpected shift in market dynamics led to a surge in short position liquidations, causing a minor price rebound, though the market remains unstable and speculative. ... Read more

US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million

May 1, 2024 | 08:38 am

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […]

Synternet Adds Injective Network to Its Multi-Chain Data Layer

May 1, 2024 | 08:38 am

Gibraltar, Gibraltar, May 1st, 2024, Chainwire Blockchain infrastructure provider Synternet has announced that it has added Injective’s layer1 network to its flagship Data Layer. The integration will allow developers to access reliable onchain data delivered from the Cosmos chain. The integration of Injective has been implemented with the support of testnet validator Stakin. By leveraging [...]

April 2024 Report – BTCFi dominance, Ethereum’s fall, and May forecast

May 1, 2024 | 08:30 am

According to AMBCrypto's market report for April, Bitcoin will continue its downward journey for most of trading sessions in May.

Former Binance CEO CZ’s Insights Post 4-Month Prison Sentence: Compliance Is Key

May 1, 2024 | 08:30 am

In a significant legal development for the crypto industry, Changpeng Zhao, widely known as CZ, the former CEO of Binance, has been sentenced to four months in prison after pleading guilty to charges related to enabling money laundering on his crypto exchange. The sentence, handed down in Seattle federal court, was considerably less than the […]

Bitvavo taps Figment to enhance staking services in Europe

May 1, 2024 | 08:26 am

The partnership between Figment and Bitvavo underscores the growing significance of staking services in the cryptocurrency industry. Both entities aim to unlock new opportunities and enhance the overall user experience by combining their expertise and resources. With Bitvavo’s expansive reach and Figment’s proven track record in staking infrastructure, the collaboration is poised to reshape the […] The post Bitvavo taps Figment to enhance staking services in Europe appeared first on CoinJournal.

Best Meme Coins to Buy Now: Ultimate List of the Best Meme Coins to Invest In 2024? Featuring ButtChain, Shiba Inu, Popcat, Floki Inu, and Bonk

May 1, 2024 | 08:24 am

In the dynamic and often unpredictable world of cryptocurrencies, meme coins represent a fascinating intersection of internet culture and financial technology. This meticulously researched article, based on reputable web3 publications and analyst reports, provides an in-depth look at some of the most talked-about and best meme coins in the market. We will explore the newly [...]

Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

May 1, 2024 | 08:20 am

Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a new […] The post Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’ appeared first on CryptoSlate.

Dogecoin and Shiba Inu Gain Backing: Justin Sun Endorses Meme Coin Movement

May 1, 2024 | 08:05 am

Justin Sun highlighted the importance of meme coins in distinguishing the crypto industry from traditional finance and urged further development of such projects. He underscored the significant market valuations exceeding $10 billion for top meme coins, attributing their success to factors like fair launches and community engagement. Tron DAO founder and CEO Justin Sun expressed [...]

Why is Bitcoin price down today?

May 1, 2024 | 08:04 am

Recent legal and regulatory updates combined with on-chain bearish cues might be the reason why the Bitcoin price is down today. The post Why is Bitcoin price down today? appeared first on CoinChapter.

What’s next for Binance founder CZ after his 4-month sentence?

May 1, 2024 | 08:00 am

Binance founder CZ will actively focus on education post-jail while passively investing in crypto.

Bitcoin Milestone Ahead? Analyst Forecasts New Peak This Month

May 1, 2024 | 08:00 am

In the face of a general market decline and pessimism, Captain Faibik, a cryptocurrency expert and enthusiast, has emerged with an optimistic outlook for Bitcoin (BTC) foreseeable future trajectory, predicting that the crypto asset could rise to a new all-time high before this current month closes. Bitcoin To Reach New All-Time High In May Faibik’s [...] The post Bitcoin Milestone Ahead? Analyst Forecasts New Peak This Month appeared first on Crypto Breaking News.

Apple in talks with OpenAI for iPhone AI features: report

May 1, 2024 | 08:00 am

Apple has renewed talks with OpenAI to power some features in the upcoming iOS 18; the iPhone maker is also in talks with Google for Gemini integration. [...] Read More... The post Apple in talks with OpenAI for iPhone AI features: report appeared first on CoinGeek.

Investor alert: Bitgert coin’s impressive week of advancements unveiled

May 1, 2024 | 07:59 am

This week has been full of ups and downs in the cryptocurrency market, with some level of instability experienced generally. Despite this instability, Bitgert has performed exceedingly well in terms of growth, with investors smiling compared to others. This growth has drawn more investors into the crypto project, and speculations by several experts have predicted …

Tether Stellar Q1 2024: Record $4.52 Billion Profit Driven by Bitcoin and Gold

May 1, 2024 | 07:51 am

TL;DR Tether Holdings reported a record net profit of $4.52 billion in the first quarter of 2024. Most of the profits came from financial operations with Bitcoin and gold. Transparency and stability were highlighted with the disclosure of his net worth and the support of his stablecoins. Tether Holdings reported a record net profit of ... Read more

Nektar Network begins Epoch 1 of Nektar Drops – Rewards for ongoing participation

May 1, 2024 | 07:46 am

Berlin, Germany, May 1st, 2024, Chainwire The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members through daily Nektar Drops, which can be earned by

Crypto Exchange Coinbase Adds New Canadian Dollar-Pegged Stablecoin to Listing Roadmap

May 1, 2024 | 07:30 am

The top US crypto exchange Coinbase has announced that a stablecoin pegged to the Canadian dollar could soon be trading on its platform. Announcing via the social media platform X, Coinbase says it’s adding QCAD to its listing roadmap, which alerts customers that the company could soon add support for certain assets. QCAD was relaunched […] The post Crypto Exchange Coinbase Adds New Canadian Dollar-Pegged Stablecoin to Listing Roadmap appeared first on The Daily Hodl.

Bitcoin ETFs endure outflows, totaling $635 million over five trading days

May 1, 2024 | 07:28 am

Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another outflow of $161.6 million on April 30. Currently, BTC ETFs are seeing a joint record stretch of outflows, with investors pulling money for the fifth consecutive trading day on April 30. Over this five-day period, the total outflow has reached a staggering […] The post Bitcoin ETFs endure outflows, totaling $635 million over five trading days appeared first on CryptoSlate.

Crypto Market Tensions Rise Ahead of FOMC Meeting: Possible Outcomes as BTC Climbs Above $60,000

May 1, 2024 | 07:23 am

The crypto market is awaiting feedback from FOMC on the potential interest rate policy. Market sentiment remains bearish but macroeconomic headwinds may tilt sentiment. The crypto market continues to see increased tension amid anticipations of the Federal Open Market Committee (FOMC) meeting. People are awaiting the results with the expectation of maintained interest rates as [...]

Polkadot-native Acala Expands to Multichain Horizons Through The Sinai Upgrade

May 1, 2024 | 07:11 am

Auckland, New Zealand, May 1st, 2024, Chainwire Acala Network releases a new technological roadmap displaying the necessary steps in offering multi-chain services to users. Acala, a foundational platform within the Polkadot ecosystem, unveils the Sinai Upgrade, a significant advancement in its Acala 2.0 initiative aimed at broadening the horizons of the overall crypto financial landscape. […] The post Polkadot-native Acala Expands to Multichain Horizons Through The Sinai Upgrade appeared first on CoinChapter.

Why did Ethereum dive below $3K? Decoding ETH’s sudden 6% fall

May 1, 2024 | 07:00 am

The drop in Ethereum's price has caused it to go deeper into the bear zone.

WATCH: MicroStrategy Hosts Bitcoin For Corporations Conference

May 1, 2024 | 07:00 am

MicroStrategy, a leading enterprise business intelligence firm that has emerged as a pioneering Bitcoin advocate among public companies, is hosting its Bitcoin For Corporations conference starting today. The event is taking place May 1 – May 2, 2024 in Las Vegas, NV will feature industry leaders discussing how corporations can adopt Bitcoin as a treasury asset. MicroStrategy [...] The post WATCH: MicroStrategy Hosts Bitcoin For Corporations Conference appeared first on Crypto Breaking News.

Ethereum Founder Buterin Warns Against Hardware Wallet Use: Here’s Why

May 1, 2024 | 07:00 am

In a statement on X that counters the prevailing wisdom among crypto enthusiasts, Ethereum founder Vitalik Buterin has recently expressed reservations about the reliance on hardware wallets for securing digital assets. Buterin’s commentary emerged during a broader conversation on crypto security, which featured insights from several leading figures from the Ethereum ecosystem. Why The Ethereum […]

Toncoin, SEI, And Rebel Satoshi ($RBLZ) enter the spotlight for potential gains

May 1, 2024 | 07:00 am

Wormhole will deploy Uniswap on Sei (SEI) as several analysts expect a 50% price jump for SEI. TON/USDt LP Boosts aim to deliver a consistent APY of 50-60% for 3 months as some experts foresee a Toncoin (TON) price surge to $12. Rebel Satoshi ($RBLZ) marks a new era in meme coin projects focusing on […] The post Toncoin, SEI, And Rebel Satoshi ($RBLZ) enter the spotlight for potential gains appeared first on CoinJournal.

RWA Protocols TVL Skyrockets to $8 Billion as Investors Flock to High-Yield Debt-Based Investments

May 1, 2024 | 06:57 am

TL;DR RWA Protocols’ TVL Skyrockets: The total value locked (TVL) in the real-world asset (RWA) tokenization protocols has surged to nearly $8 billion by the end of April, marking a significant growth in the sector. High-Yield Debt-Based Investments Drive Growth: This substantial growth is largely due to the market’s growing inclination towards high-yield, debt-based investments, fueling a resurgence in ... Read more

OP_CAT: The Purr-fect Solution for Covenants?

May 1, 2024 | 06:45 am

Is OP_CAT happening? The covenants proposal was just assigned BIP number #347. But before we delve deeper, let’s explore what covenants are and why Bitcoiners may want them. Is Bitcoin an ideal state of digital e-cash or do we want more from our coins on-chain? Scratching the Surface: Bitcoin Scripts Limitations To understand covenant proposals [...] The post OP_CAT: The Purr-fect Solution for Covenants? appeared first on Crypto Breaking News.

O2T announces new platform release following a 700% price surge as Dogecoin and BONK plummet

May 1, 2024 | 06:45 am

As Option2Trade (O2T) gears up to launch its latest platform features following a significant price […]

Vitalik Buterin Reveals the Ultimate Tip for Protecting Your Cryptocurrencies

May 1, 2024 | 06:43 am

TL;DR Vitalik Buterin highlights the importance of security in cryptocurrency management. Recommends the use of multisig wallets to protect digital funds. Warns of the risks associated with storing salvage seeds and offers safety alternatives. Vitalik Buterin, well-known co-founder of Ethereum, has shared valuable recommendations about security in the world of cryptocurrencies. In a context where ... Read more

Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard

May 1, 2024 | 06:36 am

During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […]

EigenLayer Faces Massive Withdrawals Following Airdrop Disappointment

May 1, 2024 | 06:31 am

TL;DR EigenLayer faces a crisis after receiving over 12,000 withdrawal requests due to the exclusion of participants from certain regions in its upcoming airdrop. The decision to limit participation in the airdrop has caused discontent among users and led to a drop in the total value locked in the protocol. Karak protocol emerges as a ... Read more

Machine Learning Algorithm Predicts Dogecoin Price For May 2024

May 1, 2024 | 06:30 am

As April comes to a bearish close, expectations for Dogecoin in May are not exactly bullish, especially as the crypto market has continued to fall. DOGE has been one of the main losers during this time, falling below $0.14. This underperformance is expected to continue as the machine learning algorithm at CoinCodex predicts further decline [...] The post Machine Learning Algorithm Predicts Dogecoin Price For May 2024 appeared first on Crypto Breaking News.

Machine Learning Algorithm Predicts Dogecoin Price For May 2024

May 1, 2024 | 06:30 am

As April comes to a bearish close, expectations for Dogecoin in May are not exactly bullish, especially as the crypto market has continued to fall. DOGE has been one of the main losers during this time, falling below $0.14. This underperformance is expected to continue as the machine learning algorithm at CoinCodex predicts further decline for the meme coin. Algorithm Predicts Another 13% Decline Despite the Dogecoin price already suffering a notable 14% decline in the last week, the machine learning algorithm believes it will fall another 13% in the month of May. The machine learning algorithm, which takes a number of metrics into consideration, presented that the DOGE price remains very bearish despite the market still sitting in greed. For the month of May, the algorithm expects the meme coin’s price to decline by a total of 13.66% from here, falling below $0.13 to $0.1238. Even on the shorter term, the Dogecoin price remains bearish with an expected 1% decline to $0.14 in the next five days. On the broader timeframe, expectations for the meme coin are not high as the machine learning algorithm does not expect the cryptocurrency to reach a new all-time high until 2029. For the year 2025, it gives the meme coin a yearly high of over $0.66, which is less than its current all-time high price of $0.7. The next two years after this are expected to be bearish as the price is predicted to fluctuate around $0.126 and $0.25. Then, a new all-time high price of $1.4 is expected. If this plays out, then it would mean that Dogecoin investors would have to wait another five years to see new peaks. Dogecoin Metrics Tell A Different Story While the machine learning algorithm remains bearish, the Dogecoin metrics have been painting a picture of bullishness. For example, there has been a steady increase in the Dogecoin trading volume, rising 28% in the last day alone. This suggests a return of investor interest and if it translates into demand, it could see the price rise rapidly from here. There has also been an accumulation trend for the meme coin, especially among whales. One whale, in particular, withdrew 226 million DOGE from the Robinhood exchange in two transactions. Usually, when investors move coins from exchanges to private wallets, it means they are accumulating for better prices. This could signal a turn in the tide. However, at the time of writing, the Dogecoin price is still struggling at $0.135, with a 4% drop in the last 24 hours. A reversal from here could see DOGE retest the $0.15 resistance. But a breakdown could send it back toward $0.12. DOGE price breaks down below $0.14 | Source: DOGEUSDT on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com

Bitcoin faces potential miner capitulation as hash rate continues to drop

May 1, 2024 | 06:19 am

Quick Take CryptoSlate’s analysis sheds light on the anticipated hash rate adjustment, with historical trends indicating a potential 20% decrease post-halving. Past cycles reflect significant hash rate corrections: 39% in 2012, 11% in 2016, and 26% in 2020. As of 2024, we’ve observed a 6% decline so far, taking the hash rate from 649 eh/s […] The post Bitcoin faces potential miner capitulation as hash rate continues to drop appeared first on CryptoSlate.

Maximizing Profits in 2024: A Comprehensive Look at ValueZone.AI

May 1, 2024 | 06:17 am

ValueZone has become a top choice in the cryptocurrency market for its array of tools designed with the goal of simplifying trading. This review will explore its comprehensive review, and main features, such as automated trading bots, plans and pricing etc. It demonstrates how users can make well-informed trading decisions by using this top-notch cryptocurrency […] The post Maximizing Profits in 2024: A Comprehensive Look at ValueZone.AI appeared first on CoinChapter.

TIA, ONDO and BLP: Savvy Investors’ Choice for This Week

May 1, 2024 | 06:15 am

This week, astute investors are eyeing three intriguing options that are showing significant promise in […]

Ethereum founder Vitalik Buterin says ‘decentralize your security’ – Why?

May 1, 2024 | 06:07 am

Vitalik Buterin claims that it’s way easier to "screw up" hardware wallet securities using Shamir than multi-sig.

Web3 Gaming Powerhouse Emerges: MixMarvel and Yeeha Forge Galaxy Girl Interactive

May 1, 2024 | 06:04 am

Web3 content leader MixMarvel and gaming giant Yeeha Games announced a groundbreaking partnership at Token2049 Dubai, a major blockchain conference attracting over 10,000 attendees. Their new venture, Galaxy Girl Interactive (GGI), aims to revolutionize Web3 gaming in Asia with an AI-powered ecosystem, capitalizing on the surging interest in Web3. What

New meme coin launch $ROCKY surges past $20M Market cap in 3 days, defying the market trends

May 1, 2024 | 06:01 am

London, UK, May 1st, 2024, Chainwire Three days into its existence, $ROCKY, the latest meme coin to hit the Base blockchain, has surged to a remarkable $20.6 million market cap in a predominantly red market. Launched quietly on a Saturday by MetaWin’s founder, Skel, the rise of $ROCKY has achieved

New meme coin launch $ROCKY surges past $20M Market cap in 3 days, defying the market trends

May 1, 2024 | 06:01 am

London, UK, May 1st, 2024, Chainwire Three days into its existence, $ROCKY, the latest meme coin to hit the Base blockchain, has surged to a remarkable $20.6 million market cap in a predominantly red market. Launched quietly on a Saturday by MetaWin’s founder, Skel, the rise of $ROCKY has achieved growth without the benefit of […] The post New meme coin launch $ROCKY surges past $20M Market cap in 3 days, defying the market trends appeared first on CoinChapter.

O2T $4.8 Million Presale Raise Rallys After ‘Black Account’ Trading Platform Release, Solana Struggles With 22.55% Week Low

May 1, 2024 | 06:00 am

The cryptocurrency landscape is witnessing a remarkable shift as Option2Trade (O2T) captures the market’s focus with its innovative ‘Black Account’ trading platform, significantly outpacing traditional players like Solana (SOL) in terms of investor interest and technological advancement. Option2Trade (O2T) Introduces ‘Black Account’ Option2Trade (O2T) has unveiled its ‘Black Account,’ a

Established Giants vs Emerging Contender, KANG Soars Leaving ETC and RUNE Behind

May 1, 2024 | 06:00 am

The dynamic crypto market is a battleground where established giants and emerging contenders vie for supremacy. While top altcoins like THORChain (RUNE) and Ethereum Classic (ETC) have long dominated, the emergence of KangaMoon (KANG) a fast-rising meme coin project in its presale phase is turning heads. With $6M raised in presale funding, coupled with analysts’ […] The post Established Giants vs Emerging Contender, KANG Soars Leaving ETC and RUNE Behind appeared first on CoinChapter.

Why Ethereum’s price can spiral towards $2500 over the next 7 days

May 1, 2024 | 06:00 am

Ethereum's Open Interest falls lower, suggesting that speculators are more guarded.

Google Cloud’s Web3 portal goes live

May 1, 2024 | 06:00 am

The Web3 portal gives developers access to blockchain data sets, testnet tools and products from Google Cloud Web3 partners such as Fireblocks, Nansen and more. [...] Read More... The post Google Cloud’s Web3 portal goes live appeared first on CoinGeek.

Fantom Launches 10M FTM Prize Pool to Revolutionize Memecoins for Safety and Sustainability

May 1, 2024 | 05:55 am

TL;DR Fantom Foundation has launched a $6.5 million development fund in its native cryptocurrency, FTM, to promote the development of safer memecoins. The foundation’s CEO, Michael Kong, aims to replicate the success of other blockchains by introducing measures to protect memecoin projects against fraud and scams. The strategy includes a prize pool of 10 million ... Read more

DDO Chain to Launch DingPay Wallet, an Upcoming Ecosystem Application

May 1, 2024 | 05:54 am

As blockchain technology continues to evolve, DDO Chain is set to introduce its highly anticipated new ecosystem application—DingPay Wallet. This announcement has sparked a wave of discussion and attention on social media platforms, garnering much anticipation. This article will combine information revealed on Twitter and community feedback to analyze the product advantages of DingPay Wallet [...]

Shiba Inu and Pepecoin price speculation lets off bullish signals: Is O2T next?

May 1, 2024 | 05:45 am

In the world of cryptocurrencies, Shiba Inu (SHIB) and Pepecoin (PEPE) have been making headlines with their bullish price predictions, sparking interest among investors. Amid this excitement, another emerging cryptocurrency, Option2Trade (O2T), is poised to capture the market’s attention, potentially following in the footsteps of these meme coin giants. Shiba Inu (SHIB): The Underdog’s Rise …

Bitcoin Price Could Fall to $50,000: Standard Chartered

May 1, 2024 | 05:44 am

Major global bank Standard Chartered believes the Bitcoin price could see further downside to around $50,000, according to recent comments. Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, told The Block: “BTC’s proper break below $60,000 has now reopened a route to the $50,000-52,000 range.” As of writing, Bitcoin is trading under [...] The post Bitcoin Price Could Fall to $50,000: Standard Chartered appeared first on Crypto Breaking News.

Bitcoin and Ethereum ETFs Start Trading in Hong Kong: BTC and ETH Eye New All-Time High

May 1, 2024 | 05:43 am

Hong Kong debuts Bitcoin and Ethereum spot ETFs today. Ethereum according to officials is not a security under Hong Kong laws. According to reports, the spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF), which began as speculation commenced trading Today in Hong Kong. This development has established a new precedent for both BTC and [...]

Restrictive OTC regulations for institutions amid Hong Kong ETF launch – BitGo APAC director

May 1, 2024 | 05:38 am

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum. To gain deeper insight into the implications of this milestone and Hong Kong’s evolving […] The post Restrictive OTC regulations for institutions amid Hong Kong ETF launch – BitGo APAC director appeared first on CryptoSlate.

Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist

May 1, 2024 | 05:37 am

Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores […]

LunarChain: IOTA and Shimmer Power LunarStorm’s Leap into Decentralized Web3 Gaming

May 1, 2024 | 05:31 am

LunaStorm has announced the launch of LunarChain to bring decentralized gaming experiences into its ecosystem in partnership with IOTA and HAVN, an interoperability network. It will be anchored on multi-utility and cross-chain interoperability, leveraging hybrid technology and offering cutting-edge speed, liquidity and security. LunarStorm, one of the most innovative Web3 gaming platforms, has announced the [...]

Pro-XRP Lawyer Deaton Accuses SEC’s Gensler Of ‘Infecting’ Ethical Standards

May 1, 2024 | 05:30 am

In a searing critique, John E. Deaton, a prominent legal advocate for XRP, has issued a forceful condemnation of SEC Chairman Gary Gensler, accusing him of undermining ethical standards and fostering an environment of deceit at the US Securities and Exchange Commission (SEC). Deaton’s allegations emerged following a statement by Patrick McHenry, Chairman of the […]

Pike Finance Hacked for the Second Time in Less Than a Week: $1.6M in Losses

May 1, 2024 | 05:29 am

TL;DR Pike Finance, a cross-chain lending protocol, was exploited for the second time in less than a week, leading to losses of over $1.6 million. The exploit was carried out on the Ethereum (ETH), Arbitrum (ARB), and Optimism (OP) blockchains. The attacker exploited a vulnerability in Pike Finance’s smart contracts, using the initialize function to insert malicious code. ... Read more

Long-Term Crypto Holdings on the Rise: Half of Retirement Savers Embrace the Trend

May 1, 2024 | 05:26 am

Surveys show that 45% of retirement-plan individuals have allocated resources towards cryptocurrencies. Motivation is a key factor in investment determinants, and the survey offers useful information regarding investor’s psychology. A recent survey by Mudrex revealed a significant trend among Indian retirement investors toward cryptocurrency. Surveys show that 45% of individuals with retirement plans have allocated [...]

Ripple Enhances Presence in Japan: Collaborates with HashKey DX for XRP Ledger Solutions

May 1, 2024 | 05:22 am

Ripple has partnered with HashKey DX and SBI Group, to bring XRPL-powered innovative solutions to the Japanese market. Ripple’s collaboration underscores its proactive approach to diversifying its product offerings and expanding its market reach. Ripple, a prominent enterprise blockchain solutions provider, has unveiled a new partnership with Tokyo-based HashKey DX and SBI Group to introduce [...]

Bitcoin (BTC) Falls Below $57K: Its Worst Month Since FTX Collapse

May 1, 2024 | 05:04 am

TL;DR Bitcoin experiences its worst monthly performance since the collapse of FTX in 2022, with a value drop of nearly 17.35% in April. Loss of interest in US Federal Reserve interest rate cuts and risk aversion contribute to the outflow of capital from BTC-related products. BTC’s decline drags down the entire crypto market, with Ether ... Read more

April 2024 eToro Portfolio Update (vincenzost)

May 1, 2024 | 05:04 am

Popular Investor Statistics I am a Champion Popular Investor at eToro, waiting to be upgraded again to Elite very soon, once I reach the minimum amount of AUC. My username is vincenzost. Currently, about 206 people are investing in my portfolio. I am managing around $340,000. The risk score of my portfolio is 6. In [...] The post April 2024 eToro Portfolio Update (vincenzost) appeared first on Crypto Breaking News.

April 2024 eToro Portfolio Update (PassionForProfit)

May 1, 2024 | 05:01 am

Hello, copiers, followers and etorians! This is the monthly update on my investment portfolio: April 2024: -11.60% YTD: +8.03% 2023: +11.34% The risk score is 6 Currently, 14 people are copying my trades In April, my portfolio closed the month in negative as well as the main US big indexes such as the S&P 500 and [...] The post April 2024 eToro Portfolio Update (PassionForProfit) appeared first on Crypto Breaking News.

MAR Mining Launches Cloud Mining Contract, Earn $300-1,0000 Daily

May 1, 2024 | 05:00 am

London, UK – MAR mining, the world’s top Bitcoin mining platform, has launched cloud mining contracts. Designed to enable existing and potential cryptocurrency enthusiasts to profit from rising Bitcoin prices, the contract promises to disrupt the investment market and provide users with incredible opportunities. MAR mining cloud mining contract – what is it? Cloud mining […]

EGRAG Crypto Forecasts Bullish Turnaround for VeChain and Ripple, But a New Altcoin To Give Investors Bigger Returns

May 1, 2024 | 05:00 am

Egrag Crypto has forecasted break price increases for VeChain and Ripple in the coming weeks. In his assessment, VeChain has a target price of $2.5, while Ripple is aiming to reach $1.4. Other analysts also predict that Rebel Satoshi Arcade would be the frontrunner of this bull cycle. VeChain and Ripple are two of the [...]

Bitcoin to $400K or $20K? Why analysts cannot agree on BTC’s future

May 1, 2024 | 05:00 am

Should you ride out the dip or sell your BTC? Analysts cannot agree on what you should do.

Trader Predicts Massive Rallies for Solana This Year, Updates Outlook on One More Ethereum Rival

May 1, 2024 | 04:45 am

A closely followed crypto strategist is predicting one Ethereum (ETH) competitor could go on a massive rally following a market correction. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that Solana (SOL) may retest $120 before a parabolic rally to more than $500 later this year. “SOL: as long […] The post Trader Predicts Massive Rallies for Solana This Year, Updates Outlook on One More Ethereum Rival appeared first on The Daily Hodl.

Bitcoin Price Dips Below $57,000: 4 Key Reasons

May 1, 2024 | 04:42 am

Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling approximately 7.5% within the last 24 hours and breaching the previously stable $60,000 support late Tuesday. #1 Derisking Before Today’s FOMC Meeting Anticipation and anxiety are high in financial circles as the Federal Open Market Committee (FOMC) is set to announce its interest rate decision later today. This event is crucial as the crypto market, notably Bitcoin, has grown increasingly reactive to macroeconomic signals. Recent data, reflecting a slowdown in GDP growth coupled with persistent inflation, has significantly reduced expectations of interest rate cuts by the Federal Reserve. “Bitcoin and other risk assets are currently feeling the pressure from a stagflationary environment, geopolitical tensions, and seasonal liquidity variations,” remarked Ted from TalkingMacro. Related Reading: If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months Initially, up to seven rate cuts were anticipated by the end of 2024, a sentiment that has shifted dramatically with the market now pricing in only one potential cut by December 2024. This shift comes amidst an environment where inflation data is trending upwards, challenging the Federal Reserve’s position and potentially leading to a more cautious approach from Jerome Powell, the Fed Chairman. “For the first time in recent memory, the market is calling the Fed’s bluff, quickly front-running the idea that the Fed may not cut at all in 2024,” noted Ted. #2 Cyclical Bitcoin Correction Phase Following an exceptional rally since the year’s start, the market is undergoing a natural correction phase. Prior to the price crash, Charles Edwards, founder of Capriole Investments, noted: “We are a day short of breaking the record set in 2011 for days without a meaningful dip [-25%],” emphasizing the extraordinary nature of Bitcoin’s recent performance. Scott Melker, known as “The Wolf Of All Streets,” highlighted technical indicators that suggested an impending correction. “Broke and retested range lows as resistance. […] My biggest concern I have been discussing for months [was] that RSI never made the trip to oversold. Almost there now, all lower time frames oversold. This is still ONLY A 23% correction, very shallow for a bull market and consistent with other corrections on this run. We are yet to see a 30-40% pull back during this bull market, like those of the past.” $BTC Daily Broke and retested range lows as resistance. Nothing but air until around $52,000 on the chart. My biggest concern I have been discussing for months (in newsletter) is that RSI never made the trip to oversold. Almost there now, all lower time frames oversold. This… pic.twitter.com/5YZTWipBo8 — The Wolf Of All Streets (@scottmelker) May 1, 2024 #3 Profit-Taking Traditional finance markets and seasoned investors are seizing the opportunity to take profits following substantial gains. “TradFi/Boomers are taking profits: CME Open Interest is decreasing rapidly, April 29th 135,6k coins, April 30th 123,9k coins, topped around 170.4k coins (March 20th),” explained crypto analyst RunnerXBT. This trend confirms a broader profit-taking strategy post significant events like the ETF approval and the anticipation around the Bitcoin halving. “That […] confirms my thesis that a lot of these guys longed in October 2023 because of ETF approval and BTC halving, trade played out and now they are taking profits (yes they are still up a lot), because they longed BTC not dead altcoins.” TradFi/Boomers are taking profits ✅ CME Open Interest is decreasing rapidlyApril 29th 135,6k coinsApril 30th 123,9k coins Topped around 170.4k coins (March 20th) That at least for me confirms my thesis that a lot of these guys longed in October 2023 because of ETF approval… pic.twitter.com/M8KY1NfCtK — RunnerXBT (@RunnerXBT) May 1, 2024 #4 US ETF Flows And Hong Kong Disappointment The dynamics surrounding spot Bitcoin ETFs have shown significant strains, evidenced by recent activities in both US and Hong Kong markets. In the United States, Bitcoin exchange-traded funds (ETFs) faced substantial outflows, indicating a cooling investor sentiment. Related Reading: USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000 According to recent data, the total outflows from US spot Bitcoin ETFs amounted to $161.6 million. Notably, the Grayscale Bitcoin Trust (GBTC) experienced outflows of $93.2 million, while Fidelity and Bitwise registered outflows of $35.3 million and $34.3 million, respectively. BlackRock had zero net flows once again. These numbers suggest a retreat in institutional interest, which has traditionally been a bulwark against price volatility. Parallel to the US, the debut of Bitcoin ETFs in Hong Kong also faltered significantly below expectations. Six newly launched ETFs, intended to capture both Bitcoin and Ethereum markets, collectively reached just $11 million in trading volume, starkly underperforming against the anticipated $100 million. The spot Bitcoin ETFs accounted for $8.5 million in trading volume. This was markedly lower than the launch day volumes of US-based spot Bitcoin ETFs, which had reached $655 million on their first day. #5 Long Liquidations The market has also been impacted by substantial long liquidations, with a total of $451.28 million liquidated in the last 24 hours alone. The largest single liquidation was an ETH-USDT-SWAP on OKX valued at $6.07 million, but Bitcoin-specific liquidations were significant as well, totaling $143.04 million, according to data from CoinGlass. These liquidations have amplified the selling pressure on Bitcoin. At press time, BTC traded at $57,715. Featured image from iStock, chart from TradingView.com

Bitcoin Price Dips Below $57,000: 4 Key Reasons

May 1, 2024 | 04:42 am

Bitcoin (BTC) has witnessed a significant drop, falling to $56,556 during Wednesday morning in Europe, marking the lowest point since late February. This downturn represents the sharpest monthly decline since November 2022, with BTC tumbling approximately 7.5% within the last 24 hours and breaching the previously stable $60,000 support late Tuesday. #1 Derisking Before Today’s [...] The post Bitcoin Price Dips Below $57,000: 4 Key Reasons appeared first on Crypto Breaking News.

Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices

May 1, 2024 | 04:20 am

Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange’s balance sheet. Balance Sheet Discrepancies About 50 users of the Russian […]

Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets

May 1, 2024 | 04:15 am

PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight […]

Grateful Despite Adversity: Binance Founder Acknowledges Support After Sentencing

May 1, 2024 | 04:00 am

Amidst the challenging circumstances of a prison sentence, Binance founder and former Chief Executive Officer (CEO) Changpeng CZ Zhao has taken to the X (formerly Twitter) platform to express his gratitude to those who supported him during these trying times. Binance Founder Promises Resilience On Tuesday, Binance founder Changpeng CZ Zhao was sentenced to 4 […]

Slothana’s launch imminent – Is it the next 100x meme coin?

May 1, 2024 | 04:00 am

The crypto market has birthed numerous altcoins that have delivered massive growth since the start of the year. This is especially true in the world of meme coins; projects emerge as low-caps only to explode over 100x in price within days of launch. As we expect the next bull run, savvy investors wonder what the …

Nigeria’s blockchain industry banks on new digital currency friendly SEC chief

May 1, 2024 | 04:00 am

President Bola Tinubu appointed former capital markets tsar Emomotimi Agama as the SEC head at a time when the Nigerian digital currency industry faces high uncertainty. [...] Read More... The post Nigeria’s blockchain industry banks on new digital currency friendly SEC chief appeared first on CoinGeek.

Memecoins crash: DOGE, PEPE, FLOKI face $20M wipeout, now what?

May 1, 2024 | 04:00 am

The steady declines of DOGE, WIF, and PEPE lead short traders to dominate their respective derivatives markets.

Crypto Expert Predicts Mouthwatering Breakout For VET And This Ethereum Token

May 1, 2024 | 03:29 am

Famous crypto expert Egrag Crypto has identified VET and the emerging Ethereum token, ETFS, as three crypto tokens looking to maximize their returns should acquire. Despite the current bearish period rocking the crypto market, Egrag predicts these tokens will likely see significant price surges in the coming days. VET Could Peak As High As $2.5 […]

Top 5 AI Trading Platforms for 2024

May 1, 2024 | 02:58 am

If you haven’t been living under a rock, you would know that AI has taken over every aspect of our lives, and trading hasn’t been spared either. AI trading has made it easier for traders to keep an eye on the stock market and predict good (yes, we mean profitable) opportunities. It’s safe to say [...] The post Top 5 AI Trading Platforms for 2024 appeared first on Crypto Breaking News.

The crypto-mystery of BlockDAG: Was Forbes’ doxxing an accident? Or a strategic marketing move?

May 1, 2024 | 02:29 am

For quite a while now, speculation has surrounded the meteoric rise of BlockDAG, a project promising to revolutionize the smart contracts and crypto mining landscapes. With its innovative technology and astronomical presale success, all eyes are on the mysterious figure(s) behind this potential crypto giant. What we know is this: a Forbes article inadvertently exposed …

Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch

May 1, 2024 | 02:20 am

Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability. Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? Solana Slides With The Market The recent crypto market correction hasn’t spared Solana. The token, which enjoyed a stellar run for months, has mirrored the overall slump. On Tuesday, April 30th, Solana dipped to $127, marking a daily decline of 4% and a weekly drop exceeding 10%. Lingering Congestion Woes Plague Solana While the market downturn is a concern, a more pressing issue for Solana seems to be its network congestion woes. Recent updates aimed at fixing a bug related to the QUIC protocol haven’t delivered the promised network decongestion. As of April 29th, the transaction failure rate remained stubbornly high at over 65%. This persistent network sluggishness directly contradicts Solana’s core value proposition of high transaction speed and efficiency. Source: Dune Analytics The congestion issues are particularly worrisome for sectors like Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), which rely heavily on fast and reliable transactions. Solana has carved a niche for itself in these areas, and prolonged congestion could tarnish its reputation and deter future projects and users. Investor Optimism On Hold, But Long-Term Signals Remain Interestingly, investor reaction to the congestion hasn’t been overwhelmingly negative – yet. Solana’s price movement has largely mirrored the broader market trend, suggesting investors might be taking a wait-and-see approach. SOL 24-hour price action. Source: Coingecko Perhaps there’s a flicker of hope that Solana can overcome these challenges. While the short-term technical indicators paint a bleak picture, some long-term signals, like the 200-day moving averages, still offer a glimmer of optimism. Total crypto market cap currently at $2.082 trillion. Chart: TradingView Solana At A Crossroads The coming weeks and months will be crucial for Solana. Can it address the network congestion issues definitively? Will it be able to regain the trust of developers and investors shaken by the recent performance? Related Reading: Shiba Inu Surprise! Binance Japan Listing Ignites 360% Price Spike Solana’s future hinges on its ability to navigate these rough waters. If it can overcome these hurdles and emerge with a more robust and scalable network, it might just weather the storm and reclaim its position as a leader in the blockchain space. However, if the congestion problems persist, Solana could find itself falling behind competitors who can offer a smoother and more reliable user experience. Featured image from Pexels, chart from TradingView

Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch

May 1, 2024 | 02:20 am

Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability. Solana Slides With The Market The recent crypto market correction hasn’t spared Solana. The token, which enjoyed a stellar [...] The post Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch appeared first on Crypto Breaking News.

Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment

May 1, 2024 | 02:15 am

A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment. On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th. Explains Santiment, “These spikes in whale activity historically correlate with potential price reversals. […] The post Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment appeared first on The Daily Hodl.

Bitcoin Sinks Below $57,000 Amidst Market Turbulence As Gold Bug Eyes Imminent Trip To $20,000

May 1, 2024 | 02:13 am

The Bitcoin price continues its post-halving retrace, which has seen the flagship crypto tumble below $57,000.

Introducing XERA — A Pioneer of Technological Empowerment for a Sustainable Blockchain Future

May 1, 2024 | 02:04 am

In a world rapidly propelled by technological advancements, one global community stands out for its commitment to harnessing the transformative power of blockchain technology. XERA emerges as a unique initiative that is not merely a blockchain platform but a movement dedicated to creating a more sustainable, prosperous, and inclusive future for all. XERA: A Vision […]

Terraform and Do Kwon argue fines should be $1 million, not the SEC’s proposed $5.3 billion

May 1, 2024 | 02:00 am

Lawyers representing Terraform Labs and its disgraced co-founder Do Kwon have filed a motion opposing U.S. SEC’s request for $5.3 billion in disgorgement and civil penalties, arguing for substantially reduced fines. [...] Read More... The post Terraform and Do Kwon argue fines should be $1 million, not the SEC’s proposed $5.3 billion appeared first on CoinGeek.

This new meme coin presses on as most cryptocurrencies slide after CZ sentencing

May 1, 2024 | 01:56 am

Changpeng Zhao sentenced to four months in prison despite DOJ’s request for a longer term. Crypto market dips after Binance founder’s sentencing; BTC and ETH prices decline. Kangamoon presale gains momentum raising over $6 million with over 79% $KANG tokens sold. The global crypto market experienced a downturn, with a significant 8.17% decrease, following the […] The post This new meme coin presses on as most cryptocurrencies slide after CZ sentencing appeared first on CoinJournal.

Bitmart Exchange To Introduce Mollars Token, A New Bitcoin Rival, To Its 9-Million Users

May 1, 2024 | 01:50 am

It looks like the new Bitcoin rival, Mollars (MOLLARS) token, will be on the fast lane to growth as soon as its ICO ends. Bitmart crypto exchange has just announced [via X] that it will list the new store-of-value asset to its 9 Million users after May 31st. This news has drawn great excitement from […]

If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months

May 1, 2024 | 01:20 am

In a recent thread on X (formerly Twitter), renowned on-chain analyst Checkmate provided an analysis regarding the future trajectory of Bitcoin. Currently, the premier cryptocurrency hovers around the $60,000 mark, a pivotal moment that echoes historical patterns within the Bitcoin market cycle. What Will The Next 6 Months Bring For Bitcoin? Checkmate argues that Bitcoin is positioned in a “chopsolidation” phase—a term coined to describe a stagnant yet volatile period. He suggests that this could last approximately six months, based on previous cycles, and potentially usher in a period of parabolic growth that could last between six to twelve months. “Bitcoin history tends to rhyme, and thus far, this cycle is no different,” Checkmate noted. “The song sung during the last two cycles paints around 6-months of chopsolidation ahead of us, followed by 6-12 months of parabolic advance.” Supporting his analysis, Checkmate refers to April 2021 as a significant high point for Bitcoin for “many good reasons,” noting that despite a considerable monthly drop of over $8,250 in April, such movements are typical and often signify healthy market corrections. “It’s an -11.2% monthly pullback, and is extremely common during uptrends, and corrections are healthy and necessary,” he stated, reinforcing his confidence in Bitcoin’s resilience and potential for recovery. Related Reading: USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000 Further statistical backing comes from historical data focused exclusively on Bitcoin halving years (2012, 2016, 2020, and 2024), which Checkmate used to illustrate that such month-over-month corrections are not outliers but rather common occurrences within the digital asset’s cyclical trends. The end of each year post-halving has historically shown strong performance, supporting the notion that the current price point could be a precursor to significant gains. Sell In May And Go Away? Checkmate also retweeted a post from Charles Edwards. The founder of Capriole Investments commented on the market’s unprecedented bullishness, implying that a deeper correction is to be expected. Related Reading: Bitcoin To $92,190: Crypto Analyst Reveals Path To ATH Target “This is starting to get ridiculous. Bitcoin has not had a run like this since inception. We are now 1 day short of the record set in 2011 for days without a meaningful dip [more than 25%]. If you are not prepared to accept some downside in this asset class, you shouldn’t be here. Especially now,” said Edwards. His remark highlights the unusual lack of severe downturns in the market, suggesting that investors should be prepared for potential volatility. In another post on X, Edwards added a cautious note to the otherwise optimistic outlook. He advised, “Sell in May and go away. This looks like distribution to me. As long as we trade below $61.5K, scenario (1) is technically more likely. A strong reclaim of $61.5K would give some hopes to the bulls for scenario (2). A flush would also be good for the sustaining continuation of the bull market, the sooner we get one, the better the long opportunities are.” This perspective suggests a strategic withdrawal may be wise in the short term, implying that current market conditions might be more bearish than they appear and that a significant correction could potentially strengthen the market’s long-term prospects. At press time, the BTC plunged to $57,691. Featured image created with DALL·E, chart from TradingView.com

World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program

May 1, 2024 | 01:20 am

Tortola, BVI, May 1st, 2024, Chainwire World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced it offers up to 1,000,000 WOD tokens and $225,000 in Premium Subscriptions as rewards for […] The post World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program appeared first on CoinJournal.

If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months

May 1, 2024 | 01:20 am

In a recent thread on X (formerly Twitter), renowned on-chain analyst Checkmate provided an analysis regarding the future trajectory of Bitcoin. Currently, the premier cryptocurrency hovers around the $60,000 mark, a pivotal moment that echoes historical patterns within the Bitcoin market cycle. What Will The Next 6 Months Bring For Bitcoin? Checkmate argues that Bitcoin [...] The post If History Repeats, This Is How Bitcoin Price Will Perform In The Next 6 Months appeared first on Crypto Breaking News.

Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget

May 1, 2024 | 01:16 am

Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After the issuance of Runes following the halving, fees have returned to normal levels. Blockchair’s […]

Is XRP Market Signaling ‘Buy The Dip’ Mood in May?

May 1, 2024 | 01:14 am

XRP is still struggling below $0.580 and $0.615. The price must stay above the $0.4750 support zone to attempt another increase in the near term. The post Is XRP Market Signaling ‘Buy The Dip’ Mood in May? appeared first on CoinChapter.

BNB Proves Resilient After Ex-CEO Changpeng Zhao’s Prison Sentence

May 1, 2024 | 00:58 am

Changpeng Zhao, the former CEO of Binance, is to serve four months in prison for violating U.S. anti-money laundering laws. Despite this setback, Binance's native token, BNB, has demonstrated remarkable resilience in the aftermath. The post BNB Proves Resilient After Ex-CEO Changpeng Zhao’s Prison Sentence appeared first on CoinChapter.

Alarming Facts About AI and Data Privacy You Need to Know Now

May 1, 2024 | 00:45 am

Generative AI, like ChatGPT, is designed to respond to user prompts by predicting plausible text sequences. However, the reliability of these predictions often falls short, raising significant concerns about factual accuracy. This is especially problematic when it involves personal data. Under EU law, specifically the GDPR, personal data must be precise, and individuals have the right to correct any inaccuracies. Yet, generative AI struggles to meet these standards, routinely creating fabricated responses with no way to rectify the information. The post Alarming Facts About AI and Data Privacy You Need to Know Now appeared first on CoinChapter.

Shiba Inu Surprise! Binance Japan Listing Ignites 360% Price Spike

May 1, 2024 | 00:15 am

Shiba Inu (SHIB), the meme coin with a loyal following, experienced a whirlwind of activity in the Japanese market this week. The catalyst? The listing of a new SHIB/JPY trading pair on Binance Japan, a move that initially sent the price soaring. Shiba Inu Soars On Binance Listing, But Briefly On April 30th, Binance Japan [...] The post Shiba Inu Surprise! Binance Japan Listing Ignites 360% Price Spike appeared first on Crypto Breaking News.

Bitcoin Is a Multi-Decade Story That Will Eat Other Massive Asset Classes, Says Macro Expert Lyn Alden

May 1, 2024 | 00:04 am

Macro guru Lyn Alden thinks that Bitcoin’s (BTC) ascent to prominence en route to becoming a giant asset class will take more than 10 years. Speaking at an event organized by the What Bitcoin Did podcast, Alden says people tend to think that technologies like Bitcoin will immediately disrupt the incumbent system. However, Alden highlights […] The post Bitcoin Is a Multi-Decade Story That Will Eat Other Massive Asset Classes, Says Macro Expert Lyn Alden appeared first on The Daily Hodl.

Your invite to Block Dojo’s Spring Discussions: Future of venture funding

May 1, 2024 | 00:00 am

BSV Association and Block Dojo will be hosting its "Spring Discussions," focusing on the future of venture funding, which will be held on May 20 at Google London's Central Saint Giles. [...] Read More... The post Your invite to Block Dojo’s Spring Discussions: Future of venture funding appeared first on CoinGeek.

How to Earn Smog XP and Join Season 2 of SMOG Airdrop

Apr 30, 2024 | 23:49 pm

Smog (SMOG) is one of the Solana meme coins with great potential to blow up in 2024, especially now, as it holds the “Greatest Solana airdrop of all time.” The reason for this is that the project offers free crypto to those who collect XP, and XP is created in several different ways, with the […]

Raboo (RABT) Crowned Top AI Meme Coin as Injective (INJ) Rebounds from Dip

Apr 30, 2024 | 23:37 pm

Raboo stands out as the top AI meme coin, capturing the community’s imagination with its innovative approach. As Raboo excels in its presale phase, reaching over $1 million with more than 5,200 members and 1,800 token holders, its potential for exponential growth is unmistakable. Priced at just $0.0042, RABT is tipped to surge 100x in […]

Roger Ver arrested and charged with US mail fraud and tax evasion

Apr 30, 2024 | 23:31 pm

The focus of the investigation starts with Roger Ver’s acquisition of thousands of BTC tokens, a process that began in 2011 through two Ver-controlled California-based companies: MemoryDealers.com Inc. and Agilestar.com Inc. [...] Read More... The post Roger Ver arrested and charged with US mail fraud and tax evasion appeared first on CoinGeek.

Binance’s Changpeng Zhao makes mockery of justice with four-month sentence

Apr 30, 2024 | 23:07 pm

Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges. [...] Read More... The post Binance’s Changpeng Zhao makes mockery of justice with four-month sentence appeared first on CoinGeek.

Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts

Apr 30, 2024 | 22:31 pm

The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank’s directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]

‘Bitcoin Jesus’ Arrested in Spain for Evading $48 Million in US Taxes

Apr 30, 2024 | 22:25 pm

Roger Ver, an early investor in Bitcoin and now an advocate of Bitcoin Cash, was arrested last weekend in Spain on US-brought criminal charges of mail fraud, tax evasion, and filing false tax returns. The authorities in the United States will now seek his extradition.According to an announcement by the Justice Department yesterday (Monday), Ver evaded at least $48 million in taxes in the United States.The Face of Bitcoin CashVer is a vocal crypto advocate who even gained the title of “Bitcoin Jesus” in the early years of cryptocurrency adoption. However, he disagreed with the majority of the Bitcoin miners who opposed changes to the blockchain, leading to the creation of Bitcoin Cash. Ver became a strong advocate for Bitcoin Cash.According to the latest announcement, Ver obtained citizenship from St. Kitts and Nevis in early 2014 and renounced his US citizenship. However, he continued to own MemoryDealers and Agilestar, two US-incorporated companies that sold computer and networking equipment.An Early Bitcoin InvestorThe US authorities allege that Ver began acquiring Bitcoins for himself and his companies as early as 2011. However, he failed to pay an “exit tax” allegedly during his expatriation. He is even accused of concealing information from a law firm he hired, resulting in the filing of false tax returns.“As a result of his expatriation, Ver allegedly was required under US law to file tax returns that reported capital gains from the constructive sale of his worldwide assets, including the Bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains,” the Justice Department noted.The estimates of the US authorities show that Ver and his companies owned approximately 131,000 Bitcoins when he obtained St. Kitts and Nevis citizenship. The two companies held 73,000 of those Bitcoins.“Ver allegedly provided or caused to be provided false or misleading information to the law firm and appraiser that concealed the true number of Bitcoins he and his companies owned,” the Justice Department added. “As a result, the law firm allegedly prepared and filed false tax returns that substantially undervalued the two companies and their 73,000 Bitcoins and did not report that Ver owned any Bitcoins personally.”Furthermore, Ver sold “tens of thousands” of Bitcoins in November 2017 for about $240 million in cash. According to the US authorities, he needed to report the gains to the IRS and pay tax on the dividends he received from the two US-incorporated companies.“Ver’s 2017 individual income tax return did not report any gain or pay any tax related to the distribution of MemoryDealers’ and Agilestar’s Bitcoins to him,” the Justice Department noted. “In total, Ver is alleged to have caused a loss to the IRS of at least $48 million.” This article was written by Arnab Shome at www.financemagnates.com.

‘Bitcoin Jesus’ Roger Ver Arrested, Charged With Alleged $50 Million Tax Fraud

Apr 30, 2024 | 22:22 pm

Authorities in Spain have arrested Roger Ver, Bitcoin Cash advocate and a public figure often called “Bitcoin Jesus,” after the U.S. Department of Justice charged him with tax evasion.

DOT Price (Polkadot) Approaches Key Level: Should Traders Brace for Sharp Drop?

Apr 30, 2024 | 21:58 pm

Polkadot (DOT) is showing bearish signs below the $8 resistance against the US Dollar. The price could extend its decline if it fails to stay above $6.00. DOT is gaining pace below the $8.80 and $8.00 levels against the US Dollar. The price is trading below the $7.20 zone and the 100 simple moving average [...] The post DOT Price (Polkadot) Approaches Key Level: Should Traders Brace for Sharp Drop? appeared first on Crypto Breaking News.

Ethereum Price Plunges Over 5%, Can Bears Push ETH Under $2,800?

Apr 30, 2024 | 21:06 pm

Ethereum price started another decline and traded below $3,000. ETH must stay above the $2,800 and $2,850 support levels to avoid a major drop. Ethereum started another decline and tested the $2,900 zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance [...] The post Ethereum Price Plunges Over 5%, Can Bears Push ETH Under $2,800? appeared first on Crypto Breaking News.

World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program

Apr 30, 2024 | 21:00 pm

World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced it offers up to 1,000,000 WOD tokens and $225,000 in Premium Subscriptions as rewards for eligible users across all its 4 campaigns, […] The post World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program appeared first on CoinChapter.

MAIN’s Joseph De Leon: Shaping the future of startups with focus on real-world problems

Apr 30, 2024 | 20:00 pm

At the first-ever Block Dojo Philippines Investor Night, Joseph De Leon shares the work that the Manila Angel Investors Network does, their criteria for investing in a startup, and more. [...] Read More... The post MAIN’s Joseph De Leon: Shaping the future of startups with focus on real-world problems appeared first on CoinGeek.

Blockchain tech tapped for lithium battery certificates in new use case

Apr 30, 2024 | 18:00 pm

The plan to use blockchain for battery safety certifications will involve a partnership with Mediterranean Shipping Company and Global Shipping Business Network. [...] Read More... The post Blockchain tech tapped for lithium battery certificates in new use case appeared first on CoinGeek.

ADA’s Battle at Critical Levels: Expert Analysis and Risk Management Strategies

Apr 30, 2024 | 17:00 pm

Cardano (ADA), a leading cryptocurrency, is currently witnessing a substantial decrease in its market worth, as it has fallen below a crucial support threshold. This decline suggests the possibility of further devaluation. In the past week alone, Cardano has seen a 14% reduction in its value, while over the course of the last month, ADA […]

Ethereum’s Bullish Momentum Faces Hurdles: Analyst Points Out Critical Levels

Apr 30, 2024 | 16:00 pm

Ethereum (ETH) is currently witnessing a notable decrease in its value, paralleling the trend seen in Bitcoin (BTC). ETH is encountering difficulties in maintaining its support level, facing substantial downward pressure that is driving its price toward breaching this critical level. At the time of writing, the price of Ethereum stands at $3,014.76, with a 24-hour […]

Shiba Inu’s Shytoshi Kusama Teases Big Surprise For ShibaSwap 2.0

Apr 30, 2024 | 15:00 pm

The Shiba Inu community is buzzing with anticipation after the lead developer unveiled exciting plans for a revamped ShibaSwap, the project’s decentralized exchange [DEX]. In a recent Twitter announcement, Shytoshi Kusama envisioned the new ShibaSwap as a bustling hub for both innovators and “Shibizens” [Shiba Inu community members]. He also pledged that the platform would […]

Bitcoin’s Next Leap: Analyst Predicts New Highs Ahead

Apr 30, 2024 | 14:00 pm

The well-known crypto analyst Egrag Crypto has shared an analysis of Bitcoin’s (BTC) historical growth and concluded that new historical maximums are possible in a few months. By focusing on Bitcoin’s previous cycles, the analyst demonstrates BTC’s differing periods within which it manages to surpass its previous all-time highs (ATHs) and create new records. In […]

CZ Binance News: Ex-CEO Changpeng Zhao Sentenced To Four Months In Jail

Apr 30, 2024 | 13:49 pm

The Court sentenced Changpeng "CZ" Zhao to four months in prison for failing to implement adequate anti-money laundering measures The post CZ Binance News: Ex-CEO Changpeng Zhao Sentenced To Four Months In Jail appeared first on CoinChapter.

U.S Court Jails Former Binance CEO Changpeng Zhao For Four Months

Apr 30, 2024 | 13:41 pm

Binance founder Changpeng “CZ” Zhao was sentenced to four months in prison on Tuesday after pleading guilty to money laundering violations last year.

Revolut's Former Exec Launches $6.5M Crypto Exchange

Apr 30, 2024 | 13:38 pm

The former Head of Crypto Operations at Revolut, Ruslan Fakhrutdinov, has launched a cryptocurrency exchange with an investment of $6.5 million. Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund are some of the investors in the new exchange dubbed X10.Self-Custody and On-Chain SettlementAccording to the press release, executives from Revolut and the Founder of Lido, Konstantin Lomashuk, have invested in the crypto platform. X10 combines aspects of a centralized exchange and a decentralized finance (DeFi) platform. It promises full self-custody of digital assets and on-chain settlement of transactions."With X10, we want to give our users and traders the best of both worlds. Imagine the features and the speed of Coinbase or Binance but with full self-custody," Fakhrutdinov said. The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry. It urges us to reinforce trust and efficiency in crypto trading through on-chain trade settlement, validation, and self-custody." X10's hybrid model promises to instill trust and efficiency in crypto trading, providing users with a solution that combines the best of CeFi and DeFi. The exchange operates as a hybrid central limit order book and handles order processing and matching off-chain. CeFi and DeFiAccording to the firm, this approach enhances market makers' capabilities, resulting in updated prices, tighter spreads, deeper liquidity, and an enhanced user experience. Notably, trade settlement occurs on-chain via the StarkEx Layer 2 engine. X10 uses on-chain settlement and validations, as well as independent Oracle price providers.Additionally, X10 features multiple trading sub-accounts, order types customizable to the web, and comprehensive market analytics. The exchange expects to launch a mobile app and integrate Telegram bot functionalities. With the upcoming mobile app and Telegram bots, X10 expects to deliver a holistic trading experience across diverse platforms.Last year, Revolut launched crypto trading services in New Zealand, providing access to over 100 digital currencies. The company's decision to venture into the New Zealand crypto market signaled its commitment to global expansion and diversification. This move grants customers access to educational resources for aspiring crypto traders. This article was written by Jared Kirui at www.financemagnates.com.

CARV Unveils Its Node Sale, Revolutionizing Data Ownership in Gaming and AI

Apr 30, 2024 | 13:34 pm

CARV, the largest modular data layer for gaming and AI, is elated to announce its debut node sale, a step closer to revolutionizing the data economy with decentralized nodes. CARV has planned three main events: the whitelist node sale and the institution/organization sale set for May 13, 2024, at 12pm UTC, and the public node […]

Bitcoin Watch: Key Economic Events To Drive Crypto Volatility

Apr 30, 2024 | 13:10 pm

According to a recent post on the X platform, esteemed cryptocurrency expert Michael van de Poppe predicted a potentially volatile week for Bitcoin and Ethereum. With the financial markets readying for a series of important events, investors are told to stay vigilant. The focal points for the week are unemployment data release, FOMC decisions, and […]

Breaking: Binance's Changpeng Zhao Handed Four Months in Prison

Apr 30, 2024 | 12:45 pm

Binance's Founder, Changpeng Zhao, has been sentenced to four months in prison after pleading guilty to charges related to allowing money laundering on the cryptocurrency exchange, the Financial Times reported. The sentence, handed down in a Seattle federal court, marked a significant development in the ongoing legal battles involving Binance and Zhao. Plea Deal and SentencingZhao's sentencing occurred after he struck a deal with the U.S. government in November to resolve a longstanding investigation into Binance. As part of the settlement, Zhao agreed to step down as the exchange's CEO. The sentence issued is less severe despite federal prosecutors seeking a three-year prison term. The defense had advocated for five months of probation, while sentencing guidelines suggested a term of 12 to 18 months. Zhao was convicted of willfully failing to implement effective anti-money laundering programs on Binance as required by the Bank Secrecy Act.Additionally, he is convicted of allowing Binance to process transactions involving proceeds of unlawful activity, including those between Americans and individuals in sanctioned jurisdictions. As part of the resolution, Binance was ordered to pay $4.3 billion in fines last year. Zhao agreed to personally pay a fine worth $50 million.Binance’s former chief Changpeng Zhao sentenced to 4 months in jail https://t.co/vySulvvr7W— Financial Times (@FT) April 30, 2024Pending Legal BattlesBeyond Zhao's sentencing, Binance faces other legal challenges. The exchange was separately sued by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over allegations of mishandling customer assets and operating an illegal and unregistered exchange in the US.Early this year, a federal judge rejected Zhao's request to travel to the United Arab Emirates. The judge denied the plea due to concerns about flight risk despite Zhao offering substantial collateral, including his equity in Binance.Meanwhile, the Securities and Exchange Commission (SEC) of the Philippines recently took action against Binance. According to the regulator, the leading crypto exchange has continued to operate without the required license despite warnings dating back to November 2023. The SEC's action includes a formal request to the National Telecommunications Commission to block Binance's website and associated web pages.Binance's regulatory woes are not limited to the Philippines. Regulatory bodies worldwide have intensified scrutiny of the exchange's activities, citing investor protection and compliance concerns. Binance has encountered regulatory hurdles from France to Nigeria, comprising warnings and lawsuits. This article was written by Jared Kirui at www.financemagnates.com.

Is a Bear Market Looming for Bitcoin? Successful Al Altcoin Ready to Dethrone Akash

Apr 30, 2024 | 12:00 pm

Following the Bitcoin (BTC) halving event on Friday which reduced miner rewards by 50%, the flagship crypto only saw slight gains. This subdued movement follows an ATH (all-time high) record set in March, driven by the anticipation of this halving and launch of spot Bitcoin exchange-traded funds (ETFs). The initial high expectations that the coin’s […] The post Is a Bear Market Looming for Bitcoin? Successful Al Altcoin Ready to Dethrone Akash appeared first on CoinChapter.

Cappuccino VIP Emerges as the First Meme Coin on the Solana Blockchain, Revolutionizing the Coffee Industry.

Apr 30, 2024 | 12:00 pm

To address the latest approach, Cappuccino VIP will launch its presale soon on the Solana blockchain. The crypto token became the first meme coin on the Solana blockchain that set to revolutionize the coffee industry. With cutting-edge technology and a vibrant community approach, $Cappuccino revolutionized coffee enthusiasts to engage with investment. As a built-on Solana […] The post Cappuccino VIP Emerges as the First Meme Coin on the Solana Blockchain, Revolutionizing the Coffee Industry. appeared first on CoinChapter.

Does Toncoin’s Crash of 40% Signal Another Downside?

Apr 30, 2024 | 11:59 am

Toncoin price has dropped nearly 41% from its recent all-time high of $8.8 on April 11 to reach a daily low near $5.2 on April 30 The post Does Toncoin’s Crash of 40% Signal Another Downside? appeared first on CoinChapter.

Changpeng ‘CZ’ Zhao faces reduced jail time as judge rejects DOJ request

Apr 30, 2024 | 11:57 am

The judge has diverged from DOJ’s 36-month proposal. Some believe the judge is leaning towards a 10 to 16-month sentence. Changpeng ‘CZ’ Zhao is accused of violating the Bank Secrecy Act. In a pivotal turn of events, the sentencing hearing for Changpeng ‘CZ’ Zhao, the former CEO of Binance, has taken a surprising twist. Judge […] The post Changpeng ‘CZ’ Zhao faces reduced jail time as judge rejects DOJ request appeared first on CoinJournal.

ELONCAT Price Slashed in Half – Is This the BEST Time to Buy?

Apr 30, 2024 | 11:22 am

NAIROBI (Coinchapter.com) – The meme-inspired cryptocurrency ELONCAT, bearing the likeness of Elon Musk’s pet cat, has found itself in a precarious position. Data reveals a staggering 50.01% price plunge over the past 24 hours, mirroring the bearish sentiment engulfing the global crypto market. Despite its novelty appeal, ELONCAT has not been immune to the prevailing […] The post ELONCAT Price Slashed in Half – Is This the BEST Time to Buy? appeared first on CoinChapter.

Meta Force from Lado Okhotnikov Launches Trading P2P Service.

Apr 30, 2024 | 11:07 am

Meta Force from Lado Okhotnikov announced the launch of p2p service. Until now, Forcecoin (native token of the Meta Force digital platform) is only available to platform users and have no buying and selling options. After the release of p2p service users are able to sell Forcecoin at a fixed price, formed by the platform […] The post Meta Force from Lado Okhotnikov Launches Trading P2P Service. appeared first on CoinChapter.

Bitcoin Fees Surpass Ethereum, Optimism grows as New AI Altcoin Poised for Bullish Momentum

Apr 30, 2024 | 11:00 am

The world of digital currencies is experiencing a seismic shift as Bitcoin fees have outpaced Ethereum for three consecutive days. As miners and traders prepare for the highly anticipated Bitcoin halving and the introduction of Runes on Bitcoin, a new star is rising on the horizon – Borroe Finance ($ROE), the AI-powered altcoin that’s set […] The post Bitcoin Fees Surpass Ethereum, Optimism grows as New AI Altcoin Poised for Bullish Momentum appeared first on CoinChapter.

Ethereum drops below $3k as liquidations hit $320 million

Apr 30, 2024 | 10:59 am

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined […] The post Ethereum drops below $3k as liquidations hit $320 million appeared first on CoinJournal.

Is Bitcoin Boom in Hong Kong Next? Hong Kong’s First Spot Bitcoin ETF Says Yes

Apr 30, 2024 | 10:22 am

The long-awaited launch of Hong Kong’s first spot Bitcoin Exchange-Traded Fund (ETF) has sparked excitement among investors, reigniting speculation of an imminent Bitcoin boom in the region. With an Initial Offering Period (IOP) scale of HK$950 million (approximately US$121 million), the ChinaAMC HongKong Bitcoin ETF has garnered significant attention, dwarfing the HK$160 million (US$20.4 million) […] The post Is Bitcoin Boom in Hong Kong Next? Hong Kong’s First Spot Bitcoin ETF Says Yes appeared first on CoinChapter.

Cryptocurrency Trading Evolution with ValueZone: Leading the Charge with AI-Driven Tools

Apr 30, 2024 | 09:45 am

With many investments and people becoming interested in digital assets such as Bitcoin, it is no surprise that the crypto market is still growing strong. To be able to move around this wild environment, traders and investors are using more advanced tools than ever before. Institutional funds have become captivated by Bitcoin’s meteoric rise to […] The post Cryptocurrency Trading Evolution with ValueZone: Leading the Charge with AI-Driven Tools appeared first on CoinChapter.

Klaytn scores listing on the Philippines’ top crypto exchange

Apr 30, 2024 | 09:40 am

Klaytn token KLAY is now available for trading on Coins.ph, the Philippines’ largest crypto exchange. The exchange has added support for KLAY/PHP. Klaytn (KLAY) is now listed on Coins.ph, the largest crypto exchange in the Philippines. The blockchain network for the metaverse, GameFi and the creator economy announced the major news on Tuesday. It noted […] The post Klaytn scores listing on the Philippines’ top crypto exchange appeared first on CoinJournal.

30k+ Crypto Community Backs CZ in Dynamic Onchain Poll

Apr 30, 2024 | 09:38 am

Over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance The decentralized opinion poll on AlphaorBeta sought insights on whether CZ’s contributions to the cryptocurrency world outweigh his past regulatory challenges. New York, USA, April 30th, 2024 In a significant demonstration of community backing, over 30,000 on-chain users have […] The post 30k+ Crypto Community Backs CZ in Dynamic Onchain Poll appeared first on CoinJournal.

Eminem’s New Gig as Crypto.com Ambassador Sends Cronos (CRO) Skyrocketing

Apr 30, 2024 | 09:22 am

NAIROBI (Coinchapter.com) – The iconic rapper Eminem has a new gig and has signed on as a brand ambassador for Crypto.com. Following the news, Cronos (CRO), the exchange’s native token, experienced a significant price surge. This collaboration adds to Crypto.com’s impressive roster of high-profile partnerships. The announcement featured Eminem in a commercial showcasing the company’s […] The post Eminem’s New Gig as Crypto.com Ambassador Sends Cronos (CRO) Skyrocketing appeared first on CoinChapter.

BAYC Announces Layoffs in Another Sign of Suffering NFT Business

Apr 30, 2024 | 08:26 am

Bored Ape Yacht Club, (BAYC) creator Yuga Labs has announced layoffs as the NFT market continues to falter. This marks the second round of layoffs for the Web3 company in under a year. In a memo, CEO Greg Solano admitted that Yuga Labs has “lost its way” due to excessive bureaucracy. The company aims to […] The post BAYC Announces Layoffs in Another Sign of Suffering NFT Business appeared first on CoinChapter.

Solana Memecoins Are Rising — Which is the Best Investment?

Apr 30, 2024 | 08:04 am

Memecoins were the magnet that attracted a horde of buyers to Solana, especially during the memecoin mania of March 2024. The post Solana Memecoins Are Rising — Which is the Best Investment? appeared first on CoinChapter.

CIOs open to AI but return on investment concerns continue to plague adoption

Apr 30, 2024 | 08:00 am

Amid ethical and business concerns and the slow adoption of artificial intelligence, a Lenovo survey showed that 81% of polled C-suite execs have started integrating third-party AI tools into their IT departments. [...] Read More... The post CIOs open to AI but return on investment concerns continue to plague adoption appeared first on CoinGeek.

1100x potential return: Will MAGA VP outperform other memecoins

Apr 30, 2024 | 08:00 am

Amidst the recent outcry on the ‘Bitcoin Halving’ in April 2024, meme coins show tremendous potential. Since its launch in February 2024, the MAGA VP has shown promising signs of significant growth. Looking back, the market cap was at $6.54 M around 24th April and has hovered between $5.14 M to $6.12 M since then. …

Tether puts $200mn into Blackrock Neurotech as a strategic investment

Apr 30, 2024 | 07:49 am

Tether, the largest firm in the digital asset space, announced today that it has strategically invested $200 million in Blackrock Neurotech, the preeminent innovator in Brain-Computer-Interface (BCI) technology, through its newly established venture subsidiary, Tether Evo. With this purchase, Tether took a controlling position in Blackrock Neurotech. Marcus Gerhardt and Dr. Florian Solzbacher, two scientists …

New Blockchain-AI smart contracts on ICP might boost recovery

Apr 30, 2024 | 07:27 am

Internet Computer (ICP) recently made a few developments showcasing its first Blockchain AI smart contracts implementation. The DFINITY-powered blockchain network marked a key milestone in integrating Blockchain and artificial intelligence. This is an initiative towards the ambitious goal of the protocol to develop a system for the world of Blockchain. More announcements will likely follow …

Helium Network’s HNT token surges 16.7% amid governance voting

Apr 30, 2024 | 07:15 am

This week was marked by strong tech earnings and mixed economic signals. We saw a major move in the crypto marketplace, with the Helium network native token—HNT—surging 16.7%. This upward movement followed an announcement from the Helium Foundation about voting results and plans for re-voting on a key proposal. The Helium Network is a decentralized …

Toncoin Price Falling, Despite Major Boost. What’s Going On?

Apr 30, 2024 | 07:11 am

NAIROBI (Coinchapter.com) – Toncoin’s price continues to fall this week, despite an announcement that Bitfinex will integrate Tether (USDt) deposits and withdrawals on the Toncoin (TON) network. However, the fact that this strategic partnership comes amid a price plunge for the TON blockchain’s native cryptocurrency has many asking why? The integration of Tether, the largest […] The post Toncoin Price Falling, Despite Major Boost. What’s Going On? appeared first on CoinChapter.

Zentry & Beam boost Sophon: A zkSync chain for AI and Entertainment

Apr 30, 2024 | 07:10 am

Zentry and Beam, two brands commonly associated with the gaming community, have pooled $300 million to enact a revolutionary initiative that will forever change the entertainment, gaming, and AI sectors. This collaboration will mark the beginning of a joint effort within the Sophon Network that Seb will spearhead. This project’s goals can be realized by …

Meme101 Token Heads Way To Create Financial Freedom For Crypto Investors As It Begins Presale 6th May 2024

Apr 30, 2024 | 07:00 am

California, Los Angeles, USA; A crypto currency, Meme101 has announced the date of its long anticipated fair launch on popular Pinksale launchpad. This announcement is coming one week after the BTC Halving which usually paves way for upsurge in prices of various crypto currencies otherwise known as Bullish market in crypto terminology. The Team in […] The post Meme101 Token Heads Way To Create Financial Freedom For Crypto Investors As It Begins Presale 6th May 2024 appeared first on CoinChapter.

Has Shiba Inu and Pepecoin peaked? Option2Trade new ‘Preview’ platform release creates investor tsunami

Apr 30, 2024 | 07:00 am

The debut of Option2Trade’s (O2T) ‘Preview’ platform marks a significant milestone in the evolution of cryptocurrency trading platforms. It not only challenges the status quo set by Shiba Inu (SHIB) and Pepecoin (PEPE) but also reshapes investor expectations and market dynamics. As we watch this new chapter in the crypto saga unfold, one thing becomes …

ShibaSwap expands: Multi-chain move and Shibarium perks

Apr 30, 2024 | 06:47 am

Shiba Inu’s popular decentralized exchange, ShibaSwap, intends to improve its trading functions by incorporating Shibarium, the platform’s Layer-2 network. Today, Lucie, the Marketing Head of SHIB Token, announced that ShibaSwap would coexist on the Ethereum and Shibarium networks concurrently. This statement settled any rumors of the digital currency exchange completely liquidating Ethereum. The migration process …

The pumping power: BEFE coin’s meteoric rise

Apr 30, 2024 | 06:30 am

With the rise in BEFE coin’s value, the market has seen an influx of scrutiny and enthusiasm. This sudden spike in the value of BEFE coin does not represent a marketplace anomaly in terms of sudden spikes. Still, it registers the classic definition of a situation with a high level of interest. We will dissect …

SOLWealth to introduce Solana Spot ETF in response to surging demand

Apr 30, 2024 | 06:15 am

A fresh wave of excitement could be hitting the world of cryptocurrencies with what may be the first-ever Solana spot exchange-traded fund (ETF) in North America. SOLWealth, a Canadian federal corporation that wants to take advantage of investor confidence in digital assets since Bitcoin ETFs were successfully launched, is behind this breakthrough. The introduction of …

Ripple and HashKey DX launch XRP solutions in Japan

Apr 30, 2024 | 06:05 am

The SBI Group, a collection of businesses based in Japan, has spearheaded the sector by being the first Japanese company to adopt Ripple’s cutting-edge blockchain solutions. It symbolizes significant progress in integrating cutting-edge technology in Japan. For this objective, Ripple has signed a deal with HashKey DX, the branch of HashKey Group based in Tokyo …

Breaking down the numbers: Can Bitgert coin achieve $0.0001?

Apr 30, 2024 | 06:00 am

Bitgert growth has brought positive speculations on it as many have predicted several possible price marks for it to reach. However, it seems common ground has been reached by several analysts that there is a possibility of a Bitgert coin hitting $0.0001. A lot of factors contribute hugely to the circulating speculations on it as …

GFAL receives $3.2 million via a seed funding round

Apr 30, 2024 | 06:00 am

Games for a Living, alias GFAL, an eb3-based video games startup, has obtained $2.3 million through a seed funding round initiated by Supercell Ltd and Mitch Lasky. Incidentally, Supercell Ltd is a mobile game-creating business based in Finland, whereas Mitch Lasky is a partner at Benchmark. GFAL will be utilizing the money to bring on …

Chainlink VRF powers 20 Million transactions across blockchains

Apr 30, 2024 | 05:44 am

With over 20 million request transactions completed for thousands of smart contracts across many blockchains, Chainlink Verifiable Random Function (VRF) is the most extensively used random number generator (RNG) in Web3. With continuous upgrades and enhancements, Chainlink VRF achieves an ultimate latency of about two seconds, allowing several innovative use cases that require fast answers. …

SEC’s Gary Gensler asserts Ethereum’s security status

Apr 30, 2024 | 05:30 am

According to recent court filings, the chairman of the Securities and Exchange Commission, Gary Gensler, was under the opinion that Ethereum was security. This bit of news came into the limelight following the filing of a complaint by Consensys against the SEC. This was in retaliation to the agency’s intention of suing the company for …

How Is Financial Stability and Gaming Affected by Crypto Progress?

Apr 30, 2024 | 05:14 am

Recent developments in crypto have had a revolutionary effect, changing the financial landscape and traditional ideas about money and value exchange. The emergence of Decentralized finance (De-Fi) protocols, which provide a broad range of financial services without the need for middlemen like banks, is a development. NFTs represent unique digital assets like – Artwork, collectibles, …

Australia Gears Up for Bitcoin ETFs: ASX Leads the Charge

Apr 29, 2024 | 07:23 am

Australia is preparing to join Bitcoin exchange-traded fund (ETF) bandwagon. The country's primary equity exchange, ASX Ltd, is anticipated to approve the launch of Bitcoin ETFs following similar approvals in the US and Hong Kong, Bloomberg reported. Australia Prepares for Crypto ETFsThis year, US Bitcoin ETFs accrued an impressive $53 billion, reflecting a growing interest in cryptocurrencies among investors. Notable players like Van Eck Associates Corp. and BetaShares Holdings Pty are expected to introduce ETFs in Australia. The firms seek to capitalize on the crypto resurgence that recently pushed Bitcoin to a record high of over $70,000.ASX, responsible for most equity trading in Australia, is reportedly evaluating applications for spot Bitcoin ETFs. Although the exchange has not confirmed the exact timeline, insiders suggest that approvals could come before the end of the year. This move marks a significant milestone in Australia's crypto investment landscape. It could potentially create investment opportunities for institutional and retail investors. Australia's $2.3 trillion pension market is poised to play an important role in driving inflows into Bitcoin ETFs. Individual investors can diversify their portfolios because a substantial portion of retirement assets are under self-managed superannuation programs. These self-managed funds could emerge as significant buyers of spot-crypto funds as interest in cryptocurrencies surges. Pensioners are expected to tap into the potential of digital assets as alternative investments.Australia Renews Push for Bitcoin ETFsWhile the surge in applications for Bitcoin ETFs marks a new chapter for Australia's crypto market, it is not the first time the country has attempted to launch crypto ETFs. Previous endeavors, such as Cosmos Asset Management's spot-Bitcoin ETF in 2022, experienced low uptake and were eventually delisted. However, the industry is optimistic due to the success of US Bitcoin ETFs and the evolving market dynamics.Last year, Australia introduced a proposal to tighten regulations for cryptocurrency trading. Under the proposal, crypto exchanges operating in the country must obtain licenses from the Australian Securities and Investment Commission. This initiative seeks to address concerns about consumer protection and the need to mitigate risks associated with the expanding crypto market. Exchanges holding assets exceeding US$ 3.2 million (AU$ 5 million) or managing funds totaling more than US$ 946 (AU$ 1,500) per individual must obtain the licenses. This article was written by Jared Kirui at www.financemagnates.com.

Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure

Apr 29, 2024 | 07:00 am

Prometheum Capital has announced a strategic partnership with Broadridge Financial Solutions (NYSE: BR) to bolster its post-trade lifecycle and back-office operations. The firm gears up to introduce a custody, clearing, and settlement services suite for digital asset securities.Prometheum Partners with Broadridge to Enhance Post-Trade OperationsPrometheum will leverage Broadridge's Shadow Post Trade Processing Solution and Business Process Outsourcing tools. These solutions encompass a wide range of capabilities, including bookkeeping, trade capture, reconciliations, and regulatory reporting. "Collaborating with Broadridge is a pivotal step in our business strategy,” Benjamin Kaplan, the CEO of Prometheum, stated. “Their support is instrumental in advancing our mission of creating a well-regulated and efficient ecosystem for digital asset securities."This partnership follows several significant achievements for Prometheum in 2024, such as the appointment of Albert P. Meo as the CFO and the company's declaration of its intent to offer ETH custodial services. Prometheum plans to initiate its custodial services within this quarter.“By combining our expertise with Prometheum's vision, we are empowering investors and businesses while shaping the future of the financial industry,” added Zachary Dea, the Director and Head of Product for the Shadow Post Trade Processing Solution at Broadridge.Since its inception in 2017, Prometheum has been actively engaged in the cryptocurrency arena. Within the first twelve months of its operations, the company launched the first SEC-compliant ICO trading platform. Broadridge and the Digital Assets MarketBroadridge has also made significant inroads into the cryptocurrency, digital assets, and blockchain technology sectors. Notably, in 2022, the company forged a strategic partnership with Coinbase. This collaboration aimed to enhance interoperability between Coinbase Prime and Broadridge's Trading and Connectivity Solutions' NYFIX order-routing network. The partnership was designed to bolster the crypto market by improving liquidity and expanding access to crypto trading opportunities. Furthermore, in 2021, Broadridge unveiled the latest iteration of its Private Market Hub platform. This platform is underpinned by the Amazon Managed Blockchain from Amazon Web Services, underscoring the pivotal role of blockchain in the evolution of financial technologies. This article was written by Damian Chmiel at www.financemagnates.com.

zondacrypto Pedals into Partnership: Official Crypto Sponsor of Giro d'Italia

Apr 29, 2024 | 03:58 am

zondacrypto, a cryptocurrency exchange in the Central and Eastern European region, has announced its partnership with the Giro d'Italia cycling race. This collaboration designates zondacrypto as the Official Cryptocurrency Exchange of the 107th edition of the Giro d'Italia, set to commence on May 4th in Turin and culminate on May 26th in Rome.Multi-Faceted Role: Includes Fantasy League SponsorshipAs part of this partnership, zondacrypto will enjoy visibility throughout the event, including branding at significant points along the race route, such as "kilometer zero" and on a specially designated car. Moreover, zondacrypto's involvement extends beyond the race itself, encompassing sponsorship of the FantaGiro d'Italia fantasy league, boasting over 12,000 participants.“Together with the organizers, we believe that the ZND token, which will be the prize in the race, will revolutionize the future of sports sponsorship. Additionally, our logo on the leader's jersey will expose us throughout the Giro d'Italia Women, highlighting that zondacrypto is also a woman. We welcome Giro among our friends who, like us, believe in crypto as the currency of the future," commented Przemysław Kral, the CEO of zondacrypto. Expanding Sponsorship Reach In addition to its collaboration with the Giro d'Italia, zondacrypto will serve as the Official Sponsor of Giro di Lombardia, also known as "Il Lombardia," and the Giro Rosa, formerly known as the Giro d'Italia Women. These partnerships afford zondacrypto’s exposure within the global cycling community, including the placement of its logo on the 'red jersey' during the women's race.Exciting news!We are proud to announce that we will be the Official Crypto Exchange Partner of the Giro d'Italia 🚴‍♂️Starting this Saturday in Venaria Reale and finishing on May 26 in Rome with ZND tokens to be won! 🇮🇹Look for us at 'kilometer zero', on the special car No. 1,… pic.twitter.com/avG5xPsDuU— zondacrypto (@zondacrypto) April 29, 2024zondacrypto has pledged to offer a prize for the standout female cyclist in the Giro Rosa, a notable event in the International Cycling Union calendar. Additionally, it will sponsor a prize for the winner of the FantaGiro d'Italia fantasy league.“The dynamics of our Partner's growth is as high as the speed of the best cyclists during the tour. We're delighted that our global Giro d'Italia audience of nearly 800 million will help in increasing knowledge in the field of cryptocurrencies thanks to the involvement of zondacrypto," said Matteo Mursia, the Chief Revenue Officer, w RCS Sport. This article was written by Tareq Sikder at www.financemagnates.com.

Thailand Restricts Introducing Brokers to Only Promote Digital Token Services, Not Cryptos

Apr 28, 2024 | 22:30 pm

The Securities and Exchange Commission (SEC) in Thailand has warned digital asset exchanges that their advertisements and the organisation of introducing broker agent (IBA) events might violate local regulations, Bangkok Post reported today (Monday). The regulator clarified that IBAs can only promote digital token services to avoid speculation on cryptocurrencies, which are categorised as high-risk assets.Clarifying Rules for Investors’ BenefitsIBAs are local companies or agents that onboard clients in a local market for their partner digital asset exchanges for commission. These practices are standard for exchanges or brokers that do not operate directly in some markets.The warning came as the Thai regulator is reiterating the operations of digital asset exchanges in the country to ensure their compliance with local business standards and to focus on benefiting investors and protecting their interests.Cryptocurrency exchanges are legal in Thailand, but they must obtain local approval. Last month, the country even allowed asset management firms to launch private funds to offer bitcoin exchange-traded funds (ETFs), but only to institutional and ultra-high-net-worth investors.However, the country banned the sale of cryptocurrency lending products and also mandated that exchanges display a risk warning message.Companies Must Be HonestThe recent cautionary order confirms the Thai regulator’s priority to ensure the advertisements and sales promotions of the crypto exchanges comply with specified criteria and also eliminate false, exaggerated, distorted, concealing, or misleading information. It further highlighted the mandatory warnings about investment risks for investors in all advertisements and promotions.“When operators organise sales promotions by offering rewards to entice people to use the service, this could encourage use of the service without considering the investment risks. This is especially the case for cryptocurrencies,” Anek Yooyuen, Deputy Secretary-General of the Thai SEC said in a statement. “The SEC is asking business operators to strictly comply with the rules and be careful when organising IBAs, advertising and sales promotions, following the relevant rules and guidelines. If there is any violation, there will be punishment according to the law.” This article was written by Arnab Shome at www.financemagnates.com.

Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI

Apr 26, 2024 | 11:07 am

Worldcoin is eying a potential partnership with artificial intelligence research firm OpenAI, according to a report by Bloomberg. This latest development arrives despite the regulatory challenges facing the digital identity platform over privacy concerns. Through its parent company, Tools for Humanity, the cryptocurrency project plans to expand its services.Navigating Regulatory Challenges Recently, Spain and Portugal raised concerns over the inclusion of children in the project's iris scanning initiative, prompting regulatory action. Previously, the project collaborated with cybersecurity firm Okta Inc. to offer an authentication service. Worldcoin's identity systems support solutions for validating individuals in the digital world dominated by AI. With the rising adoption of AI, the need to distinguish between humans and bots is important. Sam Altman, the Co-Founder of Worldcoin, is renowned for his involvement with OpenAI. Currently, he serves as the company's CEO. Amidst regulatory challenges, Tools for Humanity is enhancing its product. The firm is planning to launch a layer-2 blockchain called World Chain and improve the orb device.However, despite a successful fundraising round last year, Tools for Humanity is reportedly facing uncertainty in tapping into the crypto market for additional funding. Market volatility and pricing fluctuations have prompted a reevaluation of planned token sales.Driving Growth of AIMeanwhile, OpenAI recently hosted top executives from Fortune 500 companies in major business hubs like San Francisco, New York, and London to pitch AI services. At the center of this initiative is OpenAI's enterprise-grade chatbot, designed to cater to specific industry needs ranging from finance to healthcare and energy.OpenAI is proactively reaching out to corporate clients to offer customized AI solutions while assuring data security. Altman and COO Brad Lightcap emphasized the importance of personalized services and direct engagement with the AI firm.Beyond corporate clientele, OpenAI is targeting Hollywood with video creation tools and offerings like ChatGPT Enterprise and the Sora video creation tool. However, there are concerns regarding AI's reliability and copyright implications in content creation. This article was written by Jared Kirui at www.financemagnates.com.

Consensys Sues the SEC: Calls Its Authority over Ethereum “Unlawful”

Apr 25, 2024 | 22:01 pm

Consensys, a United States-based blockchain firm, has initiated legal action against the Securities and Exchange Commission (SEC) in a bid to deter the regulator from overseeing the Ethereum blockchain. Filed yesterday (Thursday), the lawsuit termed the efforts of the regulator a “campaign to seize control over the future of cryptocurrency.”A Strategic LawsuitThe lawsuit argued that if the SEC continues to exert its authority over Ethereum, it would bring the blockchain to a halt, “crippling one of the internet’s greatest innovations.”Consensys revealed that its actions against the SEC followed its receipt of a Wells Notice on April 10, indicating that the regulator is preparing to bring enforcement actions against the company over the services of its MetaMask wallet. The company highlighted that MetaMask is not a broker and “neither holds customers’ digital assets nor carries out any transaction functions.”Today, Consensys took an important step towards preserving access to ether and by extension the Ethereum blockchain in the U.S. We are suing the SEC and fighting back against its overzealous regulatory overreach. You can find more of my thoughts here: https://t.co/VmvOsrCxjw… https://t.co/5IubZo69FW— Joseph Lubin (@ethereumJoseph) April 25, 2024Clarifying RegulationsWith the lawsuit, the blockchain company is seeking the Texas federal court’s ruling that Ethereum is not a security and not under the authority of the SEC. Furthermore, it needs the assurance that any investigation into the company on the premises of Ethereum as a security “would violate” its Fifth Amendment rights and the Administrative Procedures Act. Additionally, the lawsuit seeks the ruling that MetaMask is not a broker and that the staking services offered by the platform do not violate securities laws.“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network, and for Consensys,” the lawsuit noted.The status of Ethereum hangs in the balance as the SEC’s Chair, Gary Gensler, earlier said that many digital currencies are unregistered securities and fall under the regulator’s purview. Bitcoin is the only cryptocurrency that the regulator considers a commodity, giving its regulatory rights to the Commodity Futures Trading Commission.Meanwhile, Coinbase sued the SEC over the clarification of crypto-centric rules. However, the regulator took action against a number of crypto companies over lapses in regulations and is now fighting legal battles with multiple big names like Ripple, Coinbase, and Binance. This article was written by Arnab Shome at www.financemagnates.com.

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.

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.

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.

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.

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.

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

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

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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