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EigenLayer on the brink of potential yield crisis | EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), could be facing a “major” yield crisis, according to industry watchers.
Due to EigenLayer’s rapid growth in TVL, the protocol may be outgrowing its Actively Validated Services (AVS), which could lead to a major yield reduction, accordi... | EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), could be facing a “major” yield crisis, according to industry watchers.
When a user stakes an LST via EigenLayer, it is automatically delegated to a node operator, which uses the deposits to secure an AVS on EigenLayer while receiving s... |
Bitcoin outperforms Tesla stock for the first time since 2019 | Bitcoin's (BTC) price has finally outperformed Tesla's (TSLA) stock over the past five years in percentage terms. The electronic vehicle manufacturer has also missed out on a potential $1.27 billion in profit after selling a big chunk of its BTC holdings in 2022.
BTC overtakes TSLA in long-term gains
Over the past fi... | Bitcoin's (BTC) price has finally outperformed Tesla's (TSLA) stock over the past five years in percentage terms.
Bitcoin rose 139% while Tesla fell over 11% over the past 12 months, while year-to-date BTC is up 49% while Tesla’s stock price is down 42%.
Tesla BTC Balance.
Source: Arkham IntelligenceTesla currently hol... |
Shiba Inu memecoin raises $12M from institutional investors | Canine memecoin project Shiba Inu (SHIB) has raised $12 million from a private token sale of its not-yet-released TREAT utility and governance token.
According to the April 22 announcement, investors include Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morning... | Canine memecoin project Shiba Inu (SHIB) has raised $12 million from a private token sale of its not-yet-released TREAT utility and governance token.
According to the April 22 announcement, investors include Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Mornings... |
Germany’s largest federal bank to offer crypto custody services: Report | Update April 15, 11:30 am UTC: This article has been updated to include quotes from Bitpanda.
Germany’s largest federal bank, the Landesbank Baden-Württemberg, will start offering cryptocurrency custody solutions in the second half of 2024.
The bank will start offering crypto custody services to institutional clients... | Germany’s largest federal bank, the Landesbank Baden-Württemberg, will start offering cryptocurrency custody solutions in the second half of 2024.
The bank will start offering crypto custody services to institutional clients in partnership with the Austria-based Bitpanda cryptocurrency exchange.
Bitpanda Custody is a c... |
Bitcoin’s 2028 halving price target is $435K, historical data suggests | The Bitcoin price (BTC) rallied approximately 650% since the last Bitcoin halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving.
Is BTC price headed to $435,000 by the 2028 halving?
The Bitcoin price has risen around 658% since the last Bitcoin halving in 2020, acco... | The Bitcoin price (BTC) rallied approximately 650% since the last Bitcoin halving in 2020.
Is BTC price headed to $435,000 by the 2028 halving?
The Bitcoin price has risen around 658% since the last Bitcoin halving in 2020, according to TradingView data, and is currently trading around the $66,000 mark.
If historical c... |
Crypto Biz: Exchanges face new legal issues, Goldman Sachs’ clients eye crypto, and more | Crypto exchanges are facing a new wave of regulatory hurdles worldwide, with the United States Department of Justice (DOJ) indicting KuCoin and its founders on March 26 for allegedly operating an unlicensed money-transmitting business and violating the Bank Secrecy Act (BSA).
The charges coincide with a civil enforcem... | Along with the exchanges’ challenges, this week’s Crypto Biz explores BlackRock’s Bitcoin exchange-traded fund (ETF) inflows, Goldman Sachs’ clients returning to crypto, SWIFT’s central bank digital currency (CBDC) trials, and Mastercard’s forecasts for remittances in Latin America.
BlackRock’s ETF could flip GBTC in B... |
Unharmonized regulation threatens stablecoin usability — BIS report | The Bank for International Settlements (BIS) has found that despite their promise, the use of stablecoins is hindered by international regulatory fragmentation, in a survey of 11 jurisdictions. The publication said the need for stablecoin regulation is “urgent,” but diversity in regulation poses risks for their integra... | The publication said the need for stablecoin regulation is “urgent,” but diversity in regulation poses risks for their integration into the international financial system.
Most regulatory approaches are similar in their authorization of issuers, reserve requirements, risk management and Anti-Money Laundering (AML) meas... |
Prisma Finance exploited in $10 million breach | Decentralized finance (DeFi) protocol Prisma Finance was exploited for around $10 million worth of cryptocurrencies on March 28.
On-chain security alert provider Cyvers were the first to detect the anomaly, according to a March 28 X post:
“Our system has detected multiple suspicious transactions with @PrismaFi and st... | Decentralized finance (DeFi) protocol Prisma Finance was exploited for around $10 million worth of cryptocurrencies on March 28.
Prisma Finance said that its core engineers and contributors will pause the protocol and investigate, according to a March 28 X post.
Prisma is a decentralized liquid staking token protocol w... |
Bhutan’s DHI to offset halving effects with Bitcoin mining upgrade | The Kingdom of Bhutan’s sovereign investment arm and its Bitcoin (BTC) mining partner, Bitdeer Technologies, will increase their BTC mining capacity to offset the potential impact of the mining rewards reduction after the Bitcoin halving.
Druk Holding and Investments (DHI), the investment arm of the royal government o... | The Kingdom of Bhutan’s sovereign investment arm and its Bitcoin (BTC) mining partner, Bitdeer Technologies, will increase their BTC mining capacity to offset the potential impact of the mining rewards reduction after the Bitcoin halving.
Bitcoin mining profitability chart for the first quarter of 2024.
Source: BitInfo... |
Wormhole bridge hacker from 2022 was briefly eligible for the recent airdrop | The hacker behind the infamous $320-million exploit of the Wormhole bridge in 2022 was initially deemed eligible for an airdrop that would have seen them claim $50,000 in newly launched W tokens.
In an April 4 post to X, pseudonymous researcher Pland claimed that the Wormhole team had forgotten to exclude a number of ... | The hacker behind the infamous $320-million exploit of the Wormhole bridge in 2022 was initially deemed eligible for an airdrop that would have seen them claim $50,000 in newly launched W tokens.
If the hacker had elected to claim their airdrops, they would have been eligible for roughly 31,642 Wormhole (W) tokens wort... |
Vietnamese tech company to build $200M AI factory with Nvidia | The Vietnamese IT company FPT and Nvidia, a global leader in semiconductor chip production, said they would be collaborating to finance and build a $200 million artificial intelligence (AI) factory in Vietnam.
In a joint statement on April 23, the companies said their initiative aims to create a “one-stop shop” for al... | The Vietnamese IT company FPT and Nvidia, a global leader in semiconductor chip production, said they would be collaborating to finance and build a $200 million artificial intelligence (AI) factory in Vietnam.
Its targets include AI products, GPU infrastructure, tech experts and domain expertise for local clients.
FPT ... |
Charles Hoskinson points to 2 major upgrades amid Cardano ‘dunking’ | Cardano founder Charles Hoskinson has his eye on two major upgrades — at least one of which is slated for this year — for the Cardano network amid a recent flood of criticism over its native token and ecosystem.
“We are holding all the cards as an ecosystem,” Hoskinson said in an April 7 post on X in response to recen... | Cardano founder Charles Hoskinson has his eye on two major upgrades — at least one of which is slated for this year — for the Cardano network amid a recent flood of criticism over its native token and ecosystem.
Cardano governance roles.
It’s seen as enabling the network to become fully decentralized by introducing com... |
Goldbugs renew mocking Bitcoin as the yellow metal hits all-time high | Spot gold prices have reached an all-time high, resulting in a resurgence of Bitcoin (BTC) derision from the precious yellow metal’s investors.
Gold hit an all-time high of $2,304 per ounce on April 3, according to the American Hartford Gold Group, posting an 11.5% year-to-date gain for the usually slow-moving asset.
... | Spot gold prices have reached an all-time high, resulting in a resurgence of Bitcoin (BTC) derision from the precious yellow metal’s investors.
Gold hit an all-time high of $2,304 per ounce on April 3, according to the American Hartford Gold Group, posting an 11.5% year-to-date gain for the usually slow-moving asset.
G... |
BlackRock has ‘no commercial relationship’ with Hedera, HBAR sinks 32% | BlackRock has confirmed it has “no commercial relationship” with Hedera and that it did not choose the Hedera Hashgraph to tokenize any BlackRock funds, including shares of its $22 billion money market fund.
Hedera’s (HBAR) token rallied over 100% on Tuesday following the HBAR Foundation’s announcement on X stating th... | BlackRock has confirmed it has “no commercial relationship” with Hedera and that it did not choose the Hedera Hashgraph to tokenize any BlackRock funds, including shares of its $22 billion money market fund.
Hedera’s (HBAR) token rallied over 100% on Tuesday following the HBAR Foundation’s announcement on X stating tha... |
‘Unsustainable’ deficit, inflation mean more demand for Bitcoin: Grayscale | Store of value assets, such as Bitcoin (BTC), will continue to be a hot commodity as the United States government continues to overspend and keep interest rates high, according to Grayscale’s managing director of research, Zach Pandl.
“We expect persistent inflation and unsustainable budget deficits to contribute to c... | “We expect persistent inflation and unsustainable budget deficits to contribute to continued demand for store of value assets, like Bitcoin,” Pandl told Cointelegraph.
Pandl argued that, given the current high inflation, the Federal Reserve is unlikely to reduce interest rates anytime soon.
However, upcoming events lik... |
Ethereum’s next hard fork could make lost private keys a thing of the past | Ethereum users may no longer need to worry about losing their seed phrases ever again after the Pectra hard fork — thanks to a new “social recovery” feature part of the planned Ethereum Improvement Proposal (EIP) 3074 upgrade.
EIP-3074 was confirmed as a new addition to the Pectra hard fork by Ethereum core developer ... | Ethereum users may no longer need to worry about losing their seed phrases ever again after the Pectra hard fork — thanks to a new “social recovery” feature part of the planned Ethereum Improvement Proposal (EIP) 3074 upgrade.
EIP-3074 was confirmed as a new addition to the Pectra hard fork by Ethereum core developer T... |
Base sets record high DEX volume day, surpassing $1B | Coinbase Ethereum layer-2 network Base has shattered its trading volume record within a 24-hour on decentralized exchanges (DEX), jumping approximately 25% compared to the previous day and surpassing the $1 billion mark.
On March 30, Base recorded $1.21 billion in DEX trading volume, up 25% from the previous day’s $95... | Coinbase Ethereum layer-2 network Base has shattered its trading volume record within a 24-hour on decentralized exchanges (DEX), jumping approximately 25% compared to the previous day and surpassing the $1 billion mark.
On March 30, Base recorded $1.21 billion in DEX trading volume, up 25% from the previous day’s $959... |
dYdX community approves 20M token stake as network activity soars | The dYdX community approved staking 20 million DYDX tokens to strengthen security as the decentralized crypto exchange (DEX) experiences a surge in activity.
The proposal passed on April 6 with 91.7% of votes in favor, allowing tokens from the community treasury worth over $61 million at current prices to be staked wi... | The dYdX community approved staking 20 million DYDX tokens to strengthen security as the decentralized crypto exchange (DEX) experiences a surge in activity.
Decentralizing voting power prevents such attacks from occurring.
dYdX noted that its network architecture enables a scenario where an attacker, with just one-thi... |
Binance Labs shifts focus to Bitcoin DeFi, MarginFi sees $200M of outflows: Finance Redefined | Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
Like Ethereum’s peak era in 2017, Solana is facing a similar hurdle in network congestion that has lasted almost a week, leading to... | Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
Binance Labs has shifted its DeFi focus toward Bitcoin by investing in Bitcoin-native restaking protocol BounceBit.
In other news, w... |
North Korean Lazarus hacker group using LinkedIn to target and steal assets: Report | The North Korean hacker group Lazarus is using LinkedIn to target vulnerable users and steal their assets via targeted malware attacks.
The incident came to light after blockchain security analytics firm SlowMist revealed that Lazarus group hackers are pretending to look for jobs as blockchain developers in the crypto... | The North Korean hacker group Lazarus is using LinkedIn to target vulnerable users and steal their assets via targeted malware attacks.
Using LinkedIn for targeted attacks is not a new method, and the North Korean hacker group used a similar tactic in December 2023, posing as a fake Meta recruiter.
Lazarus has stolen o... |
Linux on Bitcoin? Open-source framework BitVMX envisions BTC-powered programs | Bitcoin researchers are polishing a new open-source framework called BitVMX, which promises to allow complex applications and functions to be built and executed securely on Bitcoin’s base layer.
BitVMX, inspired by Robin Linus’s BitVM project, is backed by RootstockLabs, the development firm behind the Bitcoin layer-2... | Bitcoin researchers are polishing a new open-source framework called BitVMX, which promises to allow complex applications and functions to be built and executed securely on Bitcoin’s base layer.
BitVMX, inspired by Robin Linus’s BitVM project, is backed by RootstockLabs, the development firm behind the Bitcoin layer-2 ... |
Paris Blockchain Week recap: Optimism abounded as the Bitcoin halving approaches | Paris Blockchain Week, a three-day insider event featuring panels, discussions, and presentations from a diverse group of global industry leaders, has now concluded its fifth annual gathering.
Cointelegraph was on site to capture the highlights, and there were plenty. As we turn the page in our calendars and begin pre... | Paris Blockchain Week, a three-day insider event featuring panels, discussions, and presentations from a diverse group of global industry leaders, has now concluded its fifth annual gathering.
As we turn the page in our calendars and begin preparing for the next big event — the Bitcoin halving predicted to occur on or ... |
How acclaimed composer Hans Zimmer got to write a crypto theme song | Hans Zimmer, the iconic movie composer, can now add the wild world of crypto to his expansive list of compositions after collaborating with Tron to create a theme song for Web3.
On April 16, the Tron blockchain announced that it would have its own anthem, composed by Zimmer, brought to life through a lengthy collabora... | Hans Zimmer, the iconic movie composer, can now add the wild world of crypto to his expansive list of compositions after collaborating with Tron to create a theme song for Web3.
The track, titled “The Tron Anthem — a song for the Web3 generation,” has classic Zimmer touches.
It’s a musical world of epic and dramatic pr... |
Bitcoin miner CleanSpark plunges 10% after $800M share offering | Bitcoin miner CleanSpark plunged 10% in after-hours trading on Thursday after the firm amended its at-the-market (ATM) offering agreement to sell up to $800 million of its stock.
CleanSpark initially inked a deal for a $500 million ATM offering with New York investment banking firm H.C. Wainwright & Co on Jan. 5, 2024... | Bitcoin miner CleanSpark plunged 10% in after-hours trading on Thursday after the firm amended its at-the-market (ATM) offering agreement to sell up to $800 million of its stock.
CleanSpark isn’t the only Bitcoin miner to enter into an ATM agreement for this reason either — with Riot Platforms and Marathon Digital Hold... |
Binance forms board of directors for the first time | Binance Holdings, which operates the cryptocurrency exchange of the same name, has formed a seven-person board of directors filled with company executives and independent members.
According to Binance’s website, the firm’s board of directors is now chaired by Gabriel Abed, the former ambassador of Barbados to the Unit... | Binance Holdings, which operates the cryptocurrency exchange of the same name, has formed a seven-person board of directors filled with company executives and independent members.
Other members included Binance CEO Richard Teng, Binance co-founder Heina Chen, Bayview Acquisition Corp CEO Xin Wang, Gojo & Company managi... |
Dogecoiners clone hyped Bitcoin Ordinals ‘Runestone’ airdrop | Dogecoin blockchain natives have just finished handing out its own “Runestone” airdrop inspired by the nonfungible token (NFT)-like giveaway done through Bitcoin Ordinals last month.
Finishing up on April 2, a total of 30,272 of the inventively titled “Doge Runestone” Doginals — Dogecoin’s name for its Ordinals — were... | Dogecoin blockchain natives have just finished handing out its own “Runestone” airdrop inspired by the nonfungible token (NFT)-like giveaway done through Bitcoin Ordinals last month.
Doge Runestones, which are all the same, resemble a golden rock etched with the DOGE logo.
Source: Ordinals WalletThe airdrop copied the ... |
Circle enables USDC transfers for BlackRock’s first tokenized fund | Circle, the issuer of major stablecoin USDC (USDC), has enabled transfers of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) shares to its stablecoin.
Circle officially announced on April 11 a new smart contract functionality that would allow BUIDL holders to transfer their shares to Circle for USDC.
Circl... | Circle, the issuer of major stablecoin USDC (USDC), has enabled transfers of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) shares to its stablecoin.
Circle officially announced on April 11 a new smart contract functionality that would allow BUIDL holders to transfer their shares to Circle for USDC.
Circle’... |
SEC pushes decision on Franklin Templeton spot Ether ETF | The United States Securities and Exchange Commission (SEC) has postponed a potential decision of an application for a spot Ether (ETH) exchange-traded fund (ETF) from Franklin Templeton.
In an April 23 notice, the SEC said it had designated a longer period to approve or disapprove a proposed rule change allowing the C... | The United States Securities and Exchange Commission (SEC) has postponed a potential decision of an application for a spot Ether (ETH) exchange-traded fund (ETF) from Franklin Templeton.
The commission will have until June 11 to reassess its decision on the spot ETH ETF — an additional 45 days.
Many analysts have specu... |
Prisma Finance $11.6M hacker claims it was a ‘whitehat rescue’ | The hacker behind the $11.6 million exploit of decentralized finance (DeFi) protocol Prisma Finance is claiming it was a “whitehat rescue” and is enquiring about returning the funds, according to on-chain messages.
“Hi, this is a whitehat rescue, who can I contact to refund,” the exploiter said on March 28, around 6 h... | The hacker behind the $11.6 million exploit of decentralized finance (DeFi) protocol Prisma Finance is claiming it was a “whitehat rescue” and is enquiring about returning the funds, according to on-chain messages.
On-chain messages were sent between Prisma Finance and the hacker.
Prisma Finance is still investigating ... |
‘Disable iMessages’ ASAP to avoid crypto zero-day exploit: Trust Wallet | Crypto wallet provider Trust Wallet is urging Apple users to disable iMessage, citing “credible intel” of a zero-day exploit that could allow hackers to take control of users’ phones.
“Alert for iOS users: We have credible intel regarding a high-risk zero-day exploit targeting iMessage on the Dark Web,” the firm poste... | Crypto wallet provider Trust Wallet is urging Apple users to disable iMessage, citing “credible intel” of a zero-day exploit that could allow hackers to take control of users’ phones.
A zero-day exploit is a cyberattack vector that takes advantage of an unknown or unaddressed security flaw in computer software, hardwar... |
Paraguay’s proposed Bitcoin mining ban could cost $200M a year | The Paraguayan economy could lose more than $200 million annually if the country’s lawmakers pass a recently introduced bill to ban crypto mining in the country.
Lawmakers introduced the draft bill on April 4, claiming illegal cryptocurrency mines steal power and disrupt the country’s electricity supply. If passed, th... | Lawmakers introduced the draft bill on April 4, claiming illegal cryptocurrency mines steal power and disrupt the country’s electricity supply.
Bitcoin (BTC) mining has provided a “significant, positive contribution to Paraguay’s trade balance” until this point, Mellerud argued.
Bitcoin mining firms currently need to r... |
OpenAI makes ChatGPT ‘less verbose,’ blurring writer-AI distinction | OpenAI has unveiled an upgraded version of GPT-4 Turbo, one of the models that power the conversational ChatGPT experience.
This upgraded version enables the artificial intelligence (AI) tool to engage in more natural conversations. This updated version is now available to premium users subscribed to ChatGPT Plus, Tea... | OpenAI has unveiled an upgraded version of GPT-4 Turbo, one of the models that power the conversational ChatGPT experience.
This updated version is now available to premium users subscribed to ChatGPT Plus, Team or Enterprise plans.
OpenAI said that the latest model, “gpt-4-turbo-2024-04-09,” boasts writing, math, logi... |
Turkish Misyon Bank moves into Bitcoin with Taurus | Update March 27: The article was updated to reflect that Misyon Bank and Taurus' collaboration will enable custody of cryptocurrencies like Bitcoin and Ether in the first phase of implementation.
Misyon Bank — an investment banking firm and one of the first neobanks in Turkey — is moving into digital asset custody and... | Update March 27: The article was updated to reflect that Misyon Bank and Taurus' collaboration will enable custody of cryptocurrencies like Bitcoin and Ether in the first phase of implementation.
The Turkish neobank signed a partnership agreement with Taurus to implement its technology in order to provide crypto custod... |
Coinbase to move customer and corporate USDC balances to Base | Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago.
Coinbase vice president Max Branzburg posted to X on March 26 claiming the move would allow the crypto exchange to “manage and secure cust... | Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago.
Currently, Coinbase.com user tokens are custodied by Coinbase in a wallet secured by multiparty computation.
Branzburg stressed that Coinba... |
Crypto users fooled by fake Elizabeth Warren letter proposing crypto tax | Many social media users appeared to be fooled by an anti-crypto policy proposed by Massachusetts Senator Elizabeth Warren. The problem is the letter containing the proposal was fake.
On April 21, many on Crypto Twitter erupted in dismay at a seemingly real letter from Senator Warren to United States President Joe Bide... | Many social media users appeared to be fooled by an anti-crypto policy proposed by Massachusetts Senator Elizabeth Warren.
On April 21, many on Crypto Twitter erupted in dismay at a seemingly real letter from Senator Warren to United States President Joe Biden.
The letter — which misspelled the senator’s first name — p... |
SushiSwap DAO backs transition to ‘Labs model’ in preliminary vote | Decentralized exchange SushiSwap has received a positive sign to move forward with a hotly debated plan for a less decentralized business model.
According to a signal vote completed on April 10, more than 62% of voters supported the exchange’s proposal to transition to a so-called “Labs model.”
SushiSwap introduced t... | Decentralized exchange SushiSwap has received a positive sign to move forward with a hotly debated plan for a less decentralized business model.
According to the plan, the exchange seeks to establish Sushi Labs, an autonomous administrative, technical and operational company that would manage the Sushi ecosystem.
The L... |
Scammers eye Toncoin as Telegram-TON partnership grabs headlines | Telegram’s public support for The Open Network (TON) blockchain and its intention to incorporate its native Toncoin token have led to scammers targeting unsuspecting tokenholders to exploit them.
Information shared with Cointelegraph from cybersecurity firm Kaspersky outlines a cryptocurrency scam that has been attemp... | Information shared with Cointelegraph from cybersecurity firm Kaspersky outlines a cryptocurrency scam that has been attempting to steal Toncoin (TON) from Telegram users worldwide.
Scammers have been promoting an elaborate referral scheme that ultimately aims to steal TON tokens from users.
The scheme’s booster tier w... |
Ethereum boosts 8% amid ‘ultra-strong’ social and market activity | Ether (ETH) accelerated 8% in spot crypto markets on Monday amid an uptick in social sentiment and optimism among derivatives traders.
Ether prices have gained around 8% over the past 24 hours, with the asset hitting an intraday high of $3,722 on April 9, outpacing Bitcoin (BTC) and most of its closest peers, accordin... | Ether (ETH) accelerated 8% in spot crypto markets on Monday amid an uptick in social sentiment and optimism among derivatives traders.
It is the highest price ETH has reached since March 16, just over three weeks ago.
Ethereum’s momentum may have been spurred by several factors, including “ultra-strong” social and mark... |
Railgun denies being used by North Korea as it nears $1B total volume | Crypto privacy protocol Railgun has denied being used by North Korea and other United States-sanctioned entities to launder cryptocurrency, arguing its zero knowledge-based tech prevents this and the accusations have “no evidence.”
It comes as the Railgun platform’s total volume nears the $1 billion mark, boosted by a... | Crypto privacy protocol Railgun has denied being used by North Korea and other United States-sanctioned entities to launder cryptocurrency, arguing its zero knowledge-based tech prevents this and the accusations have “no evidence.”It comes as the Railgun platform’s total volume nears the $1 billion mark, boosted by a r... |
Bitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise exec | Bitwise chief investment officer Matthew Hougan said institutional investors would likely inject as much as $1 trillion into Bitcoin (BTC) through exchange-traded funds (ETFs) as they slowly move into crypto.
In a memo sent to investment professionals, Hougan addressed concerns over Bitcoin’s price volatility. As the ... | Bitwise chief investment officer Matthew Hougan said institutional investors would likely inject as much as $1 trillion into Bitcoin (BTC) through exchange-traded funds (ETFs) as they slowly move into crypto.
In a memo sent to investment professionals, Hougan addressed concerns over Bitcoin’s price volatility.
These in... |
Ethereum on track for $1B annual profit as DeFi drives Q1 revenue | Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.
The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 ... | Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.
The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 r... |
Bitcoin FilmFest: Lights, camera, halving as Bitcoin cinema hits Warsaw | Bitcoiners from around the world descended upon Poland’s capital, Warsaw, from April 18 to 21 for a weekend of films, networking, group activities and the much-anticipated Bitcoin halving.
The second edition of the family-friendly Bitcoin FilmFest hosted several film premieres and screenings, including a biopic of Car... | Bitcoiners from around the world descended upon Poland’s capital, Warsaw, from April 18 to 21 for a weekend of films, networking, group activities and the much-anticipated Bitcoin halving.
Buying flats with satsOne such satellite event was “Sats4Flats,” a private event for Bitcoin and real estate professionals that inc... |
Stocks and crypto at the edge of ‘significant’ correction: 10x Research | The stock and cryptocurrency markets could be “ahead of a crucial tipping point” heading for a significant price correction, according to Markus Thielen, the founder of 10x Research.
“We sold everything last night,” wrote Thielen, citing persistent inflation, decreasing rate cuts and a rising bond yield as the reasons... | The stock and cryptocurrency markets could be “ahead of a crucial tipping point” heading for a significant price correction, according to Markus Thielen, the founder of 10x Research.
In an April 16 research note, the founder wrote:“The primary trigger is the unexpected and persistent inflation.
Source: CMEThielen added... |
ETH to spike post halving, ETF denial would not ‘be bearish’ — Analysts | Crypto analysts are betting that Ether’s (ETH) price could see a significant upswing within months after the Bitcoin halving despite being down 11.39% over the past 30 days, based on historical data.
One researcher also thinks that a potential exchange-traded fund (ETF) denial won’t necessarily lower prices.
“If the ... | Crypto analysts are betting that Ether’s (ETH) price could see a significant upswing within months after the Bitcoin halving despite being down 11.39% over the past 30 days, based on historical data.
Clear pattern identified on Ether’s price chartMeanwhile, popular trader Jelle has observed a trend in Ether’s price cha... |
Solana struggles: Record 75% of user txs are failing... or are they? | Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents say the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions fa... | Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents say the data is being widely misinterpreted.
Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions fai... |
Binance exec arrested in Kenya, could face extradition to Nigeria: Report | Nadeem Anjarwalla, a British and Kenyan national who works at cryptocurrency exchange Binance, has reportedly been detained in Kenya after fleeing Nigeria in March.
According to several Kenyan news outlet reports from April 22, local police arrested Anjarwalla and may extradite the Binance executive to Nigeria to face... | Nadeem Anjarwalla, a British and Kenyan national who works at cryptocurrency exchange Binance, has reportedly been detained in Kenya after fleeing Nigeria in March.
According to several Kenyan news outlet reports from April 22, local police arrested Anjarwalla and may extradite the Binance executive to Nigeria to face ... |
$7.5B AI crypto token merger scheduled for community vote on April 2 | A token merger to the tune of $7.5 billion consisting of artificial intelligence (AI) protocols SingularityNet, Fetch.ai and Ocean Protocol is scheduled for a community vote of approval on April 2.
According to the March 27 announcement, there will be three separate community votes for each individual protocol, with c... | A token merger to the tune of $7.5 billion consisting of artificial intelligence (AI) protocols SingularityNet, Fetch.ai and Ocean Protocol is scheduled for a community vote of approval on April 2.
If the union is approved, SingularityNet’s AGIX token, Fetch.ai’s FET (FET) token and Ocean Protocol’s OCEAN token will be... |
Frax Finance dives into DeFi liquidity with $250M USDe allocation | Decentralized finance (DeFi) lending protocol Frax Finance has recently passed a community governance proposal that greenlights a $250 million allocation of Ethena Labs’ USDe to a new liquidity pool.
As part of Frax’s Singularity Roadmap, the proposal enables the creation of an automated market operation (AMO) that wi... | Decentralized finance (DeFi) lending protocol Frax Finance has recently passed a community governance proposal that greenlights a $250 million allocation of Ethena Labs’ USDe to a new liquidity pool.
According to its homepage, the protocol is currently offering a 37.1% annual percentage yield (APY) on USDe to over 125,... |
How blockchain-based voting can restore trust in the electoral process | Blockchain-based voting systems could foster more transparency and public trust in the election process, according to Brian Rose, an independent mayoral candidate in London and the host of the London Real podcast.
Rose told Cointelegraph in an exclusive:
“Wouldn't we all sleep better at night if the voting system was... | Blockchain-based voting systems could foster more transparency and public trust in the election process, according to Brian Rose, an independent mayoral candidate in London and the host of the London Real podcast.
So we want to put voting on the blockchain.”Beyond introducing an on-chain voting system, Rose also aims t... |
Spot Bitcoin ETFs regain traction, posting $418M net inflows | Fresh capital is flowing back into United States spot Bitcoin (BTC) exchange-traded funds (ETFs) following a five-day span of consecutive net outflows.
Led by strong inflows into BlackRock’s and Fidelity’s funds, the 10 recently approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, accordin... | Fresh capital is flowing back into United States spot Bitcoin (BTC) exchange-traded funds (ETFs) following a five-day span of consecutive net outflows.
Led by strong inflows into BlackRock’s and Fidelity’s funds, the 10 recently approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, according... |
BlackRock, Grayscale have to wait for SEC’s spot ETH ETF decisions | The United States Securities and Exchange Commission (SEC) will delay its decisions on the BlackRock and Grayscale applications for spot Ether (ETH) exchange-traded funds (ETFs). The SEC released notices of the delay in the Grayscale decision and the amending of the BlackRock application just hours after the agency pus... | The United States Securities and Exchange Commission (SEC) will delay its decisions on the BlackRock and Grayscale applications for spot Ether (ETH) exchange-traded funds (ETFs).
The SEC released notices of the delay in the Grayscale decision and the amending of the BlackRock application just hours after the agency pus... |
Web3 dev platform Mirror World launches first gaming rollup chain on Solana | Web3 application development platform Mirror World is launching the first gaming rollup on Solana.
According to the March 29 announcement, the novel Solana Virtual Machine (SVM) computation engine, dubbed “Sonic,” will allow developers to deploy game engines or virtual machines of their choice on Solana via its softwa... | Web3 application development platform Mirror World is launching the first gaming rollup on Solana.
Currently, the Mirror World SDK has been deployed to 50 gaming clients as initial distribution nodes.
“Sonic provides natively integrated tools for payment & settlement infrastructure, as well as user engagement tools nec... |
Montenegro’s Supreme Court sends Do Kwon’s extradition case back to lower court | The Supreme Court of Montenegro has annulled a decision from the country’s lower courts affecting the extradition of Terraform Labs co-founder Do Kwon to either the United States or South Korea.
In an April 5 notice, Montenegro’s Supreme Court said it had approved a request for a protection of legality against a lower... | The Supreme Court of Montenegro has annulled a decision from the country’s lower courts affecting the extradition of Terraform Labs co-founder Do Kwon to either the United States or South Korea.
In an April 5 notice, Montenegro’s Supreme Court said it had approved a request for a protection of legality against a lower ... |
CFTC commissioner warns against infringing on SEC’s authority in KuCoin case | Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested that a recent “aggressive” crypto enforcement action could put the regulator at odds with the Securities and Exchange Commission.
In a March 29 statement, Pham said the CFTC appeared to have exerted authorit... | Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested that a recent “aggressive” crypto enforcement action could put the regulator at odds with the Securities and Exchange Commission.
In a March 29 statement, Pham said the CFTC appeared to have exerted authority... |
Indonesian NFT ‘selfie guy’ makes $1.8M, CryptoPunks sells for $16M: Nifty Newsletter | In this week’s newsletter, read about how an Indonesian man who sold nonfungible token (NFT) selfies in 2022 is making a comeback through memecoins. Check out how asset manager BlackRock’s crypto wallet received memecoins and NFTs after depositing a stablecoin in the wallet. In other news, find out how the CEO of Pixel... | In this week’s newsletter, read about how an Indonesian man who sold nonfungible token (NFT) selfies in 2022 is making a comeback through memecoins.
Check out how asset manager BlackRock’s crypto wallet received memecoins and NFTs after depositing a stablecoin in the wallet.
Indonesian NFT “selfie guy” makes $1.8 milli... |
DeFi hub Chainage seeks tokenholder approval for $13M capital raise | Decentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO).
According to the April 1 snapshot proposal, the $13 million raise,... | Decentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO).
According to the April 1 snapshot proposal, the $13 million raise, ... |
Over $1B in US Treasurys have now been tokenized on-chain | More than $1 billion worth of United States Treasurys now exist across Ethereum, Polygon, Solana, and other blockchains, helped in part by the recent launch of the BlackRock USD Institutional Digital Liquidity Fund.
BlackRock’s product, tickered “BUIDL,” was launched on Ethereum on March 20 and now boasts a market cap... | The dashboard shows that $1.08 billion in U.S. Treasurys have now been tokenized across 17 products.
In its Dune dashboard, 21.co described tokenized government treasurys as more appealing from both a risk and return perspective than stablecoin yields, given the current high-interest rate environment.
U.S. Treasurys ar... |
Lido’s Ethereum staking market share dips below 30% | The recent influx of Ether (ETH) stakers brought the market share of liquid staking solution Lido down to 29.57% from 32% in December 2023, helping reduce concerns around Lido’s growing influence on the ecosystem.
Lido’s popularity in ETH staking, coupled with the lack of competition in the space, allowed the platform... | Lido’s popularity in ETH staking, coupled with the lack of competition in the space, allowed the platform to earn the lion’s share of the ETH staking market.
As of April 4, data from crypto analytics platform Dune shows that Lido’s market share for staked ETH dipped below 30%.
Source: Dune AnalyticsOther prominent enti... |
Mt. Gox’s $9B overhang could ‘spook the market,’ pressure Bitcoin: K33 | The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin (BTC) over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts.
Earlier this week on Reddit, some creditors of the failed Mt. Gox crypto exchange reported seeing updates on t... | Gox-era Bitcoin (BTC) over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts.
Gox crypto exchange reported seeing updates on their claims, with many interpreting it to mean that crypto payments could soon be coming.
Over $9.4 billion in Bitcoin an... |
Average daily active unique wallets reach 7M — DappRadar | The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024.
DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million. This shows an increase of approximately 40% since ... | The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024.
DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million.
Wallet counts for unique active daily users rose to... |
Bored Ape floor price sinks, NASA training astronauts in the metaverse: Nifty Newsletter | Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.
Read about how NASA uses virtual reality (VR) technol... | What’s behind the decline in the floor price of Bored Ape Yacht Club (BAYC) NFTs?
And Cointelegraph has exclusive updates from Paris Blockchain Week, including Ubisoft’s blockchain gaming plans.
Continue readingBored Ape NFT floor price hits lowest point in over two and a half yearsThe floor price of BAYC NFTs has fall... |
Canada to begin implementing international crypto tax reporting standard | According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026. The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027.
The CARF would impose new reporting requireme... | According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026.
The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027.
The supplemental report listed “stablecoins, d... |
$102M shorts liquidated as Bitcoin price surpassed $72K | Over $102 million worth of leveraged short positions were liquidated in the past 24 hours as Bitcoin (BTC) was trading above $70,400. Is the breakout from BTC’s weekly price range confirmed?
Over $33 million worth of Bitcoin shorts liquidated
Following April 8’s weekly high of $72,668, Bitcoin price retraced to trade... | Over $102 million worth of leveraged short positions were liquidated in the past 24 hours as Bitcoin (BTC) was trading above $70,400.
The largest single liquidation order amounted to $4.49 million worth of Bitcoin on Binance, the world’s largest exchange.
Total liquidations, 24 hours.
Source: CoinglassHowever, the $33 ... |
Crypto derivatives firm Deribit moves to Dubai after winning VARA approval | Deribit, one of the world’s largest exchanges offering options and futures for cryptocurrencies like Bitcoin (BTC), is relocating to Dubai after securing new local regulatory approval.
The Dubai subsidiary of Deribit group, Deribit FZE, has received a virtual asset service provider (VASP) license from Dubai’s Virtual ... | The Dubai subsidiary of Deribit group, Deribit FZE, has received a virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit announced on April 2.
The new license allows Deribit to offer crypto trading services in Dubai, covering both spot and crypto derivatives tradi... |
China is about to start bidding' — Will Hong Kong Bitcoin ETFs spark the halving rally? | The potential approval of the first batch of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong could be a big catalyst for Bitcoin’s (BTC) halving rally, commentators say.
Hong Kong could approve 4 Bitcoin ETFs before halving
Hong Kong’s Securities and Futures Commission (SFC) could approve the first batch of sp... | The potential approval of the first batch of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong could be a big catalyst for Bitcoin’s (BTC) halving rally, commentators say.
Hong Kong could approve 4 Bitcoin ETFs before halvingHong Kong’s Securities and Futures Commission (SFC) could approve the first batch of spot ... |
Why financial infrastructure needs to be open-source — Hyperledger | Open-source governance and development tools remain prerequisites for governments, organizations and financial institutions that want to leverage blockchain technology.
Speaking exclusively to Cointelegraph at Paris Blockchain Week, Hyperledger executive director Daniela Barbosa discussed why open-source blockchain te... | Speaking exclusively to Cointelegraph at Paris Blockchain Week, Hyperledger executive director Daniela Barbosa discussed why open-source blockchain technology is a non-negotiable requirement for global institutions.
Open-source blockchain infrastructure like Hyperledger Besu operates on Ethereum, but enables public and... |
White hat hacker group SEAL launches crypto threat-sharing center | A team of white hat hackers called the Security Alliance (SEAL) has said it recovered $50 million in assets since its inception in 2023 and has launched a threat-sharing platform to support the crypto space.
On April 17, the alliance announced its free Information Sharing and Analysis Center (ISAC) called SEAL-ISAC — ... | A team of white hat hackers called the Security Alliance (SEAL) has said it recovered $50 million in assets since its inception in 2023 and has launched a threat-sharing platform to support the crypto space.
Its features include information sharing, threat analysis and alerts, best practices, incident coordination and ... |
Tokenholders approve $7.5B AI merger | Tokenholders of SingularityNet, Fetch.ai and Ocean protocols have approved a $7.5 billion merger that would create a combined Artificial Superintelligence Alliance (ASI) project.
According to the April 16 announcement, the Fetch.AI (FET) token will become the ASI token with a total supply of 2.6 billion. Meanwhile, Si... | Tokenholders of SingularityNet, Fetch.ai and Ocean protocols have approved a $7.5 billion merger that would create a combined Artificial Superintelligence Alliance (ASI) project.
The ASI is currently examining three distinct product pipelines: deployment of AI agents in commercial settings, neural symbolic language lea... |
Magic Eden overtakes Blur, Yuga Labs offloads NFT games: Nifty Newsletter | In this week’s newsletter, nonfungible token (NFT) platform Magic Eden surpassed Blur in trading volume in March, and Yuga Labs is offloading two NFT games. In other news, find out how Manchester City football fans could get limited edition jerseys through NFTs and how a former Disney executive launched a Web3 game pub... | In this week’s newsletter, nonfungible token (NFT) platform Magic Eden surpassed Blur in trading volume in March, and Yuga Labs is offloading two NFT games.
Magic Eden passed Blur as leading NFT marketplace in March: CoinGeckoSolana-based NFT marketplace Magic Eden recorded a 194.4% increase in monthly trading volume, ... |
Hashing It Out: Can blockchain create a sovereign internet? | A week after experiencing an internet blackout in his country, Hashing It Out host Elisha Owusu Akyaw looks for answers on how blockchain technology can create a more sovereign internet in an interview with the co-founder of XYO Network, Arie Trouw.
The episode also covers data sovereignty and the importance of privac... | A week after experiencing an internet blackout in his country, Hashing It Out host Elisha Owusu Akyaw looks for answers on how blockchain technology can create a more sovereign internet in an interview with the co-founder of XYO Network, Arie Trouw.
Trouw explains that the sovereign internet is based on that idea of th... |
Israeli central bank official says CBDC competition with banks is good for economy | While the impact of central bank digital currency (CBDC) on commercial banks has often been seen as a source of concern, Bank of Israel deputy governor Andrew Abir took a contrarian view in a speech published on the central bank’s website. Let the banks scramble to compete, he said, in essence.
Years of effort to incr... | While the impact of central bank digital currency (CBDC) on commercial banks has often been seen as a source of concern, Bank of Israel deputy governor Andrew Abir took a contrarian view in a speech published on the central bank’s website.
Abir confidently declared that the digital shekel, which is still in its plannin... |
Bitcoin halving could ‘indirectly’ affect cryptocurrency regulation | The additional scrutiny around the Bitcoin (BTC) halving event could have an indirect effect on its future regulation.
This is according to Natalia Latka, policy director and regulatory affairs at blockchain analysis firm Merkle Science.
“While there is no direct impact on regulations or regulators’ approach, the eco... | The additional scrutiny around the Bitcoin (BTC) halving event could have an indirect effect on its future regulation.
The halving and the approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) in January are helping to fuel a Bitcoin bull run, making crypto ... |
Sam Altman pushes ChatGPT mass adoption among Fortune 500 companies: Report | OpenAI — known for its popular generative artificial intelligence (AI) tool ChatGPT — is actively pitching its services directly to Fortune 500 companies, according to a source close to the matter.
A report from Reuters on April 12 said that OpenAI CEO Sam Altman and chief operating officer Brad Lightcap met with hund... | OpenAI — known for its popular generative artificial intelligence (AI) tool ChatGPT — is actively pitching its services directly to Fortune 500 companies, according to a source close to the matter.
The pitch centered around OpenAI’s enterprise offerings, including ChatGPT Enterprise — a robust chatbot service tailored ... |
VeChain announces tokenized gloves in partnership with UFC — community responds | According to an April 12 blog post from VeChain, gloves worn by UFC fighters will soon be tokenized and their identities tracked on the VeChainThor network.
The gloves will contain VeChain near-field communication (NFC) chips that record fight data, proving the authenticity of each pair, the post stated. After the fig... | According to an April 12 blog post from VeChain, gloves worn by UFC fighters will soon be tokenized and their identities tracked on the VeChainThor network.
After the fight, the athletes will “donate and give away" their gloves, making them into collectors’ items.
VeChain UFC tokenized gloves.
VeChain announced that an... |
DePIN platform peaq secures $15M in pre-launch round | Update (March 27 at 17:58 UTC): This article has been updated to clarify that peaq is a layer-1 platform for DePINS, and Julia Pönitzsch is not a co-founder.
Layer-1 platform peaq — focused on decentralized physical infrastructure networks (DePINs) — has disclosed a $15 million funding round ahead of its mainnet launc... | Update (March 27 at 17:58 UTC): This article has been updated to clarify that peaq is a layer-1 platform for DePINS, and Julia Pönitzsch is not a co-founder.
Layer-1 platform peaq — focused on decentralized physical infrastructure networks (DePINs) — has disclosed a $15 million funding round ahead of its mainnet launch... |
BlackRock updates Bitcoin ETF, adds 5 Wall Street firms | Global asset manager BlackRock updated its Bitcoin exchange-traded fund (ETF) prospectus on April 5, adding five big Wall Street firms as new authorized participants.
New members include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs and UBS Securities, according to the document amendin... | Global asset manager BlackRock updated its Bitcoin exchange-traded fund (ETF) prospectus on April 5, adding five big Wall Street firms as new authorized participants.
Among the previously authorized participants in the ETF are JPMorgan Securities, Jane Street Capital, Macquarie Capital and Virtu Americas.
The Bitcoin E... |
BlackRock ETF close to overtaking Grayscale, despite second-lowest daily inflows | BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), is slowly approaching the market share of Grayscale’s Bitcoin Trust ETF (GBTC).
BlackRock’s IBIT recorded the second-lowest daily inflows of $24.9 million on April 17, compared to its lowest day of $20.4 million worth of inflows on ... | BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), is slowly approaching the market share of Grayscale’s Bitcoin Trust ETF (GBTC).
BlackRock’s IBIT recorded the second-lowest daily inflows of $24.9 million on April 17, compared to its lowest day of $20.4 million worth of inflows on A... |
Australia's securities regulator appeals loss in Finder Wallet case | The Australian Securities and Investments Commission (ASIC) has filed to appeal its court loss against Finder Wallet, a sister company of Australian fintech firm Finder.com, over its “Earn” product which was found to be compliant with Australia’s financial laws by a federal court last month.
ASIC previously argued tha... | In the April 10 filing, ASIC argued Justice Markovic “erred” in this finding because there was no depositing of money or a loan to Finder Wallet when an investor used the Finder Earn product.
Additionally, “there was no undertaking by Finder Wallet to repay money as a debt,” the securities regulator argued.
The appeal ... |
Bitcoin miners could dump $5B in BTC after halving: 10x Research | There could be a large outflow of Bitcoin (BTC) from miners in the months following the Bitcoin halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving, according to calculations by the head of research at 10x Research, Markus T... | There could be a large outflow of Bitcoin (BTC) from miners in the months following the Bitcoin halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving, according to calculations by the head of research at 10x Research, Markus Th... |
PayPal stablecoin circulation dropped 38% in March — Paxos | PayPal USD (PYUSD) — a stablecoin issued by the payment giant PayPal and the cryptocurrency company Paxos — saw a significant circulation drop in March.
According to Paxos’ latest PayPal USD transparency report, PYUSD circulation amounted to $188.5 million in March — 39% less than in February.
In February and January... | PayPal USD (PYUSD) — a stablecoin issued by the payment giant PayPal and the cryptocurrency company Paxos — saw a significant circulation drop in March.
According to Paxos’ latest PayPal USD transparency report, PYUSD circulation amounted to $188.5 million in March — 39% less than in February.
In February and January, ... |
Rep. McHenry hopes digital asset bill passage will be his ‘biggest win’ | Representative Patrick McHenry, chair of the United States House Financial Services Committee who has announced that he will not seek reelection in 2025, said he saw hope for the passage of legislation on digital assets before the end of his career in politics. Speaking at the Bitcoin Policy Summit in Washington, D.C.,... | Speaking at the Bitcoin Policy Summit in Washington, D.C., McHenry summed up his hopes for his remaining time in office.
“We don't have a federal law — a definition of a digital accent.
We don't have in federal law a means of exchange for a digital asset.
We have to provide that clarity,” McHenry said.
He has been work... |
Is Bitcoin’s pre-halving retrace over? 52K BTC accumulated on Sunday alone | Bitcoin’s (BTC) pre-halving retrace may already be over following one of the largest accumulation days in years, which saw Bitcoin reclaiming the $71,000 price level.
On March 25, blockchain analytics firm Santiment reported that Bitcoin just “caught traders off guard” with a rebound as “key stakeholders” had a huge a... | Bitcoin’s (BTC) pre-halving retrace may already be over following one of the largest accumulation days in years, which saw Bitcoin reclaiming the $71,000 price level.
Wallets, which it terms “sharks” and “whales,” holding between 10 and 10,000 coins accumulated 51,959 BTC on March 24, worth around $3.4 billion at the t... |
Crypto phishing attacks reached ‘alarming levels’ — CertiK co-founder | While the first quarter of 2024 seemed “relatively typical” when it comes to hacks and exploits, Ronghui Gu, co-founder of blockchain security firm CertiK, said the complexity of private key compromises and phishing attacks raises concerns.
Gu told Cointelegraph that among the incidents in Q1, losses attributed to pri... | While the first quarter of 2024 seemed “relatively typical” when it comes to hacks and exploits, Ronghui Gu, co-founder of blockchain security firm CertiK, said the complexity of private key compromises and phishing attacks raises concerns.
In its quarterly “Hack3d” security report, CertiK highlighted that losses from ... |
Fantom CEO defends Solana amid network woes | Fantom network creator Andre Cronje has expressed support for the Solana network amid recent transaction failures. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi).
According to a post on X by Cronje, some critics view the ongoing congestion as Solana’s flaw, but it stem... | Fantom network creator Andre Cronje has expressed support for the Solana network amid recent transaction failures.
According to Dune Analytics, amid a surge in activity driven by the recent memecoin craze on Solana, approximately 75% of non-vote transactions failed on April 4.
Cronje referred to the Solana network as a... |
VC Roundup: Capital flows and alternative funding models fuel crypto startups | Venture capitalists are back in crypto, bringing with them liquidity for alternative funding methods for startups, such as grants and node sales.
Base-native lending platform Seamless, for instance, has announced a co-sponsored initiative with layer-3 Degen Chain and semi-fungible token protocol Pandora that will dist... | Venture capitalists are back in crypto, bringing with them liquidity for alternative funding methods for startups, such as grants and node sales.
Founded in 2023 by Trevor Koverko, previously of Polymath, Sapien aims to solve an AI bottleneck: data labeling.
The company uses blockchain technology to implement gamificat... |
MeWe social network boss says blockchain can solve the TikTok problem | MeWe chairman and CEO Jeffrey Edell recently penned an op-ed detailing how he believes the situation between the United States government and China’s TikTok could be avoided by implementing blockchain technologies.
Edell is in the unique position of helming a social media company with reportedly more than 20 million u... | Edell is in the unique position of helming a social media company with reportedly more than 20 million users that’s made the leap from traditional Web2 to the blockchain.
The TikTok situationA slew of recent reports indicate that the U.S. is currently weighing an outright ban on China’s TikTok social media platform.
Es... |
Wormhole, Ethena and Waves are top 3 ‘trending’ tokens right now: Santiment | The native tokens related to the interoperability project Wormhole and synthetic dollar protocol Ethena Labs, along with the Waves Protocol, are currently the most trending crypto assets on social media, according to data from Santiment.
Wormhole’s W (W) token and Ethena Labs’ governance token (ENA) recently underwent... | The native tokens related to the interoperability project Wormhole and synthetic dollar protocol Ethena Labs, along with the Waves Protocol, are currently the most trending crypto assets on social media, according to data from Santiment.
Wormhole’s W (W) token and Ethena Labs’ governance token (ENA) recently underwent ... |
21Shares debuts Toncoin staking ETP TONN on SIX Exchange | 21Shares, one of the largest cryptocurrency exchange-traded product (ETP) issuers, is launching a staking ETP based on cryptocurrency Toncoin (TON).
The new Toncoin Staking ETP is a 100% physically backed product that tracks the performance of TON while reinvesting staking yields into the ETP for enhanced performance.... | 21Shares, one of the largest cryptocurrency exchange-traded product (ETP) issuers, is launching a staking ETP based on cryptocurrency Toncoin (TON).
The new Toncoin Staking ETP is a 100% physically backed product that tracks the performance of TON while reinvesting staking yields into the ETP for enhanced performance.
... |
OKX launches WIF and MEW spot trading amid memecoin craze | Cryptocurrency exchange OKX is moving to capitalize on the ongoing memecoin craze by listing major rising Solana-based memecoins like the Dogwifhat (WIF) and the Cat in a Dog’s World (MEW).
OKX has officially started spot trading for WIF and MEW, according to the exchange’s announcement on X. OKX users can now start d... | Cryptocurrency exchange OKX is moving to capitalize on the ongoing memecoin craze by listing major rising Solana-based memecoins like the Dogwifhat (WIF) and the Cat in a Dog’s World (MEW).
OKX has officially started spot trading for WIF and MEW, according to the exchange’s announcement on X. OKX users can now start de... |
‘Ripple is well-positioned to pay a significant civil penalty,‘ says SEC | A United States Securities and Exchange Commission (SEC) brief detailing proposed fines and penalties for blockchain firm Ripple describes a different narrative than the one pushed by the company’s executives.
In a March 25 filing in U.S. District Court for the Southern District of New York, attorneys for the SEC prop... | A United States Securities and Exchange Commission (SEC) brief detailing proposed fines and penalties for blockchain firm Ripple describes a different narrative than the one pushed by the company’s executives.
In a March 25 filing in U.S. District Court for the Southern District of New York, attorneys for the SEC propo... |
Crypto users propose dropping lawsuit against Sam Bankman-Fried to pursue FTX influencers | A group of cryptocurrency users has reached an agreement with former FTX CEO Sam “SBF” Bankman-Fried as part of a class-action lawsuit filed in Florida.
In an April 19 filing in United States District Court for the Southern District of Florida, plaintiffs who sued FTX influencers in 2022 announced they had reached a s... | A group of cryptocurrency users has reached an agreement with former FTX CEO Sam “SBF” Bankman-Fried as part of a class-action lawsuit filed in Florida.
In an April 19 filing in United States District Court for the Southern District of Florida, plaintiffs who sued FTX influencers in 2022 announced they had reached a se... |
History of Crypto: Crypto winter and Ethereum landmarks | The cryptocurrency market has experienced several cycles characterized by periods of rapid price increases known as bull runs, followed by extended downturns referred to as “crypto winters.”
The term crypto winter refers to a phase within the cryptocurrency market characterized by a downturn in investor enthusiasm. Th... | The aftermath of the 2018 crypto crash profoundly affected the perception of cryptocurrencies.
EXPLORE THE HISTORY OF CRYPTOThe Ethereum PoS journey sees new plans and reschedulesDespite the significant downturn in 2018, the year also witnessed pivotal developments for Ethereum.
Nonetheless, by June 2018, Ethereum aban... |
Crypto sleuth warns of scammers behind DeFi protocol | Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds.
In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper Finance, a lending protocol based on Blast. According to the analysis... | Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds.
In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper Finance, a lending protocol based on Blast.
According to the analysis,... |
Dencun is a big step towards mass adoption: Metis CEO | Ethereum’s Dencun upgrade is a big step for mass blockchain adoption that could also bring benefits for traditional financial (TradFi) companies in the crypto space, the CEO of layer-2 (L2) network Metis said.
Tom Ngo told Cointelegraph in an interview:
“It’s a big step for mass adoption for companies to have more pr... | Ethereum’s Dencun upgrade is a big step for mass blockchain adoption that could also bring benefits for traditional financial (TradFi) companies in the crypto space, the CEO of layer-2 (L2) network Metis said.
Tom Ngo told Cointelegraph in an interview:“It’s a big step for mass adoption for companies to have more predi... |
Bitcoin headed for ‘screwy price action’ after 64% surge in first quarter | Bitcoin (BTC) recorded one of its strongest quarters in the past three years in Q1, but analysts warn this could lead to significant volatility in the lead-up to the Bitcoin halving.
“Be prepared for some screwy price action as we head into the halving,” crypto analyst Phoenix Desmond told his 11,700 X followers in a ... | Bitcoin (BTC) recorded one of its strongest quarters in the past three years in Q1, but analysts warn this could lead to significant volatility in the lead-up to the Bitcoin halving.
“Be prepared for some screwy price action as we head into the halving,” crypto analyst Phoenix Desmond told his 11,700 X followers in a p... |
SEC’s closed-door policy stifling crypto innovation — Hester Peirce | United States Securities and Exchange Commission Commissioner Hester Peirce has taken another swipe at her agency, criticizing the regulator’s guidance on crypto custody while calling for more interaction with the public.
Speaking at the annual SEC Speaks Conference on April 2, Peirce — also known by crypto enthusiast... | United States Securities and Exchange Commission Commissioner Hester Peirce has taken another swipe at her agency, criticizing the regulator’s guidance on crypto custody while calling for more interaction with the public.
Her comments were made in response to the controversial Staff Accounting Bulletin 121 (SAB 121).
I... |
Australian Monochrome spot Bitcoin ETF expected to launch within 2 months, says CEO | Australian asset manager Monochrome plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia. Monochrome filed for the spot Bitcoin ETF in July 2023.
The Monochrome Bitcoin ETF, if approved, will become Australia’s first spot Bitcoin ETF to permit direct Bitcoi... | Australian asset manager Monochrome plans to launch its flagship spot Bitcoin exchange-traded fund (ETF) on the global listing exchange Cboe Australia.
Monochrome filed for the spot Bitcoin ETF in July 2023.
The Monochrome Bitcoin ETF, if approved, will become Australia’s first spot Bitcoin ETF to permit direct Bitcoin... |
US SEC expected to deny spot Ether ETFs in May | The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether (ETH) exchange-traded funds (ETF) in May, according to a new report.
Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the reg... | The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether (ETH) exchange-traded funds (ETF) in May, according to a new report.
The sources compared the unsuccessful talks regarding Ether ETFs to detailed discussions between issuers and the agency in January, weeks before it approved sp... |
OpenSea enables support for ERC-721C programmable earnings standard | Nonfungible tokens (NFT) trading platform OpenSea has added support for the ERC-721C token standard that allows creators to set and enforce royalties.
According to the April 2 announcement, creators on OpenSea can now enforce earnings via one click. Invented last May by blockchain gaming company Limit Break, ERC-721C ... | Nonfungible tokens (NFT) trading platform OpenSea has added support for the ERC-721C token standard that allows creators to set and enforce royalties.
According to the April 2 announcement, creators on OpenSea can now enforce earnings via one click.
As told by OpenSea developers, compatibility for ERC-721C was only ena... |
Genesis purchases $2.1B of Bitcoin following GBTC sell-off | Bankrupt crypto lending firm Genesis reportedly offloaded about 36 million shares of the Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of its preparations to settle its debts with creditors.
According to a recent Bloomberg report, Genesis liquidated approximately 36 million GBTC shares on ... | Bankrupt crypto lending firm Genesis reportedly offloaded about 36 million shares of the Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of its preparations to settle its debts with creditors.
According to a recent Bloomberg report, Genesis liquidated approximately 36 million GBTC shares on A... |
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