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ZKasino users fuming as $33M in promised refunds are instead sent to Lido | Blockchain-based gambling project ZKasino is being slammed on X for moving $33 million worth of investor and user funds to staking protocol Lido — a sudden change from its original plan to return the funds.
In an April 20 blog post, ZKasino announced its network had gone live. More than 10,000 users who had bridged a ... | Blockchain-based gambling project ZKasino is being slammed on X for moving $33 million worth of investor and user funds to staking protocol Lido — a sudden change from its original plan to return the funds.
In an April 20 blog post, ZKasino announced its network had gone live.
Instead, ZKasino’s post said it “made chan... |
Crypto market ‘underestimates the long-term impact’ of Bitcoin halving: Bitwise | The Bitcoin (BTC) halving is days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, said Bitwise Asset Management.
In an April 16 X post, Bitwise noted past price action in the month after the Bitcoin halving for the past thre... | The Bitcoin (BTC) halving is days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, said Bitwise Asset Management.
In the month after the 2012 halving, Bitcoin gained 9% — but over the next year, it surged 8,839%.
A similar pat... |
Avalanche home loan tokenization protocol raises $10M in Series A | Homium, a home equity line of credit (HELOC) tokenization protocol built on Avalanche, has raised $10 million in a Series A funding round led by Sorenson Impact Group and Blizzard.
“Through shared appreciation home equity loans, Homium introduces a way for homeowners to borrow against their home equity without increas... | Homium, a home equity line of credit (HELOC) tokenization protocol built on Avalanche, has raised $10 million in a Series A funding round led by Sorenson Impact Group and Blizzard.
By using Homium, homeowners pledge a portion of their home’s future appreciation as collateral for loan equity in maintenance and repairs, ... |
US court favors Fed in Custodia Bank case, rejects appeal for review | The United States District Court for the District of Wyoming has ruled against granting Custodia Bank a U.S. Federal Reserve master account and dismissed the digital asset bank’s plea for a declaratory judgment. However, Custodia claims it is not backing down and is exploring all possible avenues.
“We are reviewing th... | The United States District Court for the District of Wyoming has ruled against granting Custodia Bank a U.S. Federal Reserve master account and dismissed the digital asset bank’s plea for a declaratory judgment.
“We are reviewing the court’s decision and all of our options, including appeal,” a spokesperson for Custodi... |
OneCoin lawyer gets bail pending appeal for conviction and 10-year sentence | Mark Scott, a lawyer connected to the OneCoin crypto scheme recently convicted for fraud and money laundering, has been granted bail pending an appeal of his case.
In an April 18 filing in United States District Court for the Southern District of New York, Judge Edgardo Ramos approved bail for Scott three months after... | Mark Scott, a lawyer connected to the OneCoin crypto scheme recently convicted for fraud and money laundering, has been granted bail pending an appeal of his case.
Source: PACERAccording to a notice filed on Feb. 7, there were “substantial questions” of law to consider in a possible appeal.
The lawyer laundered funds a... |
OKX, Binance and Bybit monthly volumes tripled since late 2023 | A new report says trading volumes on global centralized cryptocurrency exchanges (CEX) like Binance have spiked significantly since late last year.
According to data from the Bybit Institutional Report 2024, many CEXs at least tripled their monthly trading volumes from October 2023 to March 2024.
Released on April 18... | A new report says trading volumes on global centralized cryptocurrency exchanges (CEX) like Binance have spiked significantly since late last year.
According to data from the Bybit Institutional Report 2024, many CEXs at least tripled their monthly trading volumes from October 2023 to March 2024.
Bybit exchange also st... |
Bitcoin slips below $60K, but some traders aren’t turning bearish on BTC just yet | Bitcoin price briefly fell below $60,000 only a few days before the much-anticipated Bitcoin halving. Yet, many traders remain optimistic about Bitcoin’s long-term price outlook based on historical chart patterns and institutional inflows.
Bitcoin remains in pre-halving “danger zone”
Despite the recent price correcti... | Bitcoin price briefly fell below $60,000 only a few days before the much-anticipated Bitcoin halving.
Yet, many traders remain optimistic about Bitcoin’s long-term price outlook based on historical chart patterns and institutional inflows.
In that time, Bitcoin has retraced twice -18% in March and now almost -16% thus ... |
Cathie Wood’s Bitcoin ETF hits daily inflow record as BTC retests $72K | ARK 21Shares’ spot Bitcoin (BTC) exchange-traded fund (ETF) managed to notch a record $201.8 million of inflows on Wednesday, almost quintupling its average daily inflows as Bitcoin just fell short of reaching $72,000.
Preliminary data from Farside Investors revealed that on March 27, the ARK 21Shares Bitcoin ETF's da... | ARK 21Shares’ spot Bitcoin (BTC) exchange-traded fund (ETF) managed to notch a record $201.8 million of inflows on Wednesday, almost quintupling its average daily inflows as Bitcoin just fell short of reaching $72,000.
Bitcoin ETF flow table.
Source: Farside InvestorsMeanwhile, the Valkyrie Bitcoin ETF (BRRR) witnessed... |
XRP price-to-sales ratio double that of Nvidia | The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.
The XRP (XRP) token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or t... | The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.
The XRP (XRP) token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37.
In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal r... |
ZachXBT onboarded as custodian for return of funds in $63M Munchables exploit | Prominent blockchain sleuth ZachXBT has been onboarded as one of four custodians to a multisig wallet holding GameFi protocol Munchables’ hacked user funds.
“ZachXBT will be joining as the 4th signer on the multisig at this stage, completing the safe return of user funds,” Munchables developers wrote in an April 1 ann... | Prominent blockchain sleuth ZachXBT has been onboarded as one of four custodians to a multisig wallet holding GameFi protocol Munchables’ hacked user funds.
“ZachXBT will be joining as the 4th signer on the multisig at this stage, completing the safe return of user funds,” Munchables developers wrote in an April 1 anno... |
DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP | Institutional investors have a “growing interest” in decentralized finance (DeFi) but are held back by the risks of on-chain transactions, says a Fireblocks executive. The company aims to address these concerns by introducing new features to its platform.
“For institutional investors navigating DeFi transactions, the ... | Institutional investors have a “growing interest” in decentralized finance (DeFi) but are held back by the risks of on-chain transactions, says a Fireblocks executive.
The company aims to address these concerns by introducing new features to its platform.
“For institutional investors navigating DeFi transactions, the r... |
SingularityNet, Fetch.AI, Ocean Protocol reportedly discuss token merger | Three prominent artificial intelligence (AI) protocols, SingularityNet, Fetch.ai and Ocean Protocol are in discussions to merge their tokens into an AltSignals (ASI) token that would have a fully diluted valuation of $7.5 billion.
The deal could be announced as soon as Wednesday, depending on community approval, accor... | Three prominent artificial intelligence (AI) protocols, SingularityNet, Fetch.ai and Ocean Protocol are in discussions to merge their tokens into an AltSignals (ASI) token that would have a fully diluted valuation of $7.5 billion.
Humayun Sheikh, the CEO of Fetch.ai, would be the chairman of the new entity, according t... |
Here’s where you can catch the Bitcoin halving live | Update (20/04/2024 12:11 UTC): Bitcoin has successfully gone through its fourth-ever halving event.
Bitcoin (BTC) is now just moments away from its fourth-ever halving event since its inception — due to happen on April 20 when Bitcoin’s block height reaches 840,000.
From crypto exchanges to influencers and popular po... | Update (20/04/2024 12:11 UTC): Bitcoin has successfully gone through its fourth-ever halving event.
Bitcoin (BTC) is now just moments away from its fourth-ever halving event since its inception — due to happen on April 20 when Bitcoin’s block height reaches 840,000.
What will happen after the Bitcoin halving?
Crypto le... |
Thailand will block unlicensed crypto exchanges ‘to solve online crimes’ | Thai authorities will block unlicensed crypto exchanges from operating in the country to prevent money laundering and other online crimes.
Thailand’s Securities and Exchange Commission (SEC) will submit a list of unlicensed crypto exchanges to the Ministry of Digital Economy and Society.
The order was made public by ... | Thai authorities will block unlicensed crypto exchanges from operating in the country to prevent money laundering and other online crimes.
Thailand’s Securities and Exchange Commission (SEC) will submit a list of unlicensed crypto exchanges to the Ministry of Digital Economy and Society.
To minimize the impact on the p... |
Mango Markets exploiter found guilty after jury deliberations | A jury has found Avraham “Avi” Eisenberg, the crypto user responsible for a $110 million exploit of the Mango Markets decentralized exchange, guilty of fraud and market manipulation.
In an April 18 ruling in United States District Court for the Southern District of New York, a group of jurors announced that Eisenberg ... | A jury has found Avraham “Avi” Eisenberg, the crypto user responsible for a $110 million exploit of the Mango Markets decentralized exchange, guilty of fraud and market manipulation.
During a two-week trial, Eisenberg’s legal team claimed that he did not commit any crimes but orchestrated a “successful and legal tradin... |
BlackRock smashes $10.5T record in Q1 managed assets | Major Bitcoin (BTC) investor BlackRock continues to build momentum, posting another successful quarter of income and managed assets.
BlackRock issued its financial results for the first quarter of 2024 on April 12, reporting a record $10.5 trillion in assets under management (AUM), up $1.4 trillion from 2023.
The com... | Major Bitcoin (BTC) investor BlackRock continues to build momentum, posting another successful quarter of income and managed assets.
BlackRock issued its financial results for the first quarter of 2024 on April 12, reporting a record $10.5 trillion in assets under management (AUM), up $1.4 trillion from 2023.
The compa... |
Here’s how crypto game Notcoin onboarded over 30M users — founder | The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game.
In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release. Compared to another popular blockchain-... | The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game.
In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release.
Source: CointelegraphIn a Cointelegraph ... |
Bitkraft launches $275M gaming fund, bringing total managed assets to $1B | Bitkraft Ventures, a global investment platform for gaming and media projects, recently announced the launch of a $275 million investment round. Once completed, the added projects will reportedly bring the company’s total assets under management to around $1 billion.
The company’s previous rounds included investments ... | Bitkraft Ventures, a global investment platform for gaming and media projects, recently announced the launch of a $275 million investment round.
Once completed, the added projects will reportedly bring the company’s total assets under management to around $1 billion.
The latest round will go toward early-stage gaming p... |
Nigeria’s Binance crackdown threatens Web3 industry | Nigeria is feeling the consequences of actions against Binance executives, with investors withdrawing from deals and partnerships, particularly in the web3 sector. They mention Nigeria’s perceived lack of safety for business and government hostility, citing the Binance case as evidence, according to Lucky Uwakwe, the c... | Nigeria is feeling the consequences of actions against Binance executives, with investors withdrawing from deals and partnerships, particularly in the web3 sector.
They mention Nigeria’s perceived lack of safety for business and government hostility, citing the Binance case as evidence, according to Lucky Uwakwe, the c... |
Real-world data for blockchain apps: Gora joins Cointelegraph Accelerator | Gora, a decentralized blockchain oracle network, joins the ranks of the Cointelegraph Accelerator program.
Smart contracts represent a vastly underutilized cornerstone in the blockchain ecosystem, harboring untapped potential to redefine traditional business processes, legal agreements and automated transactions. Repr... | Gora, a decentralized blockchain oracle network, joins the ranks of the Cointelegraph Accelerator program.
Smart contracts represent a vastly underutilized cornerstone in the blockchain ecosystem, harboring untapped potential to redefine traditional business processes, legal agreements and automated transactions.
Repre... |
Telegram Mini Apps are ‘Trojan horse’ for mass blockchain adoption — TON investments director | The blockchain-based mini-decentralized applications (DApps) on Telegram, also known as Mini Apps, could be a “Trojan horse” for mass blockchain adoption.
That’s according to Justin Hyun, the director of investments at TON Foundation, who told Cointelegraph:
“That’s our thesis for bringing in more users onto the bloc... | The blockchain-based mini-decentralized applications (DApps) on Telegram, also known as Mini Apps, could be a “Trojan horse” for mass blockchain adoption.
It’s a Trojan horse way to say: look, you’re letting in all these user-friendly DApps, and we won’t even necessarily call them DApps [...] It’s just Telegram Mini Ap... |
Australia poised for ‘inflection point’ of crypto demand — Kraken Aus MD | Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a Kraken Australia executive.
Speaking to Cointelegraph on the sidelines of the Formula One Grand Prix in Melbourne, Miller looked to the influx of... | Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand as long as its lawmakers make the right decisions, according to a Kraken Australia executive.
“We are now at a positive inflection point when it comes to demand.
It feels like we’re well and truly back in a posit... |
ApeCoin DAO gives thumbs up to .APE top-level domains | Update March 4, 10:40 UTC: This article has been updated to include interview responses from D3 co-founder and CEO Fred Hsu.
The ApeCoin community unanimously approved a proposal to register “.APE” as a new top-level domain (TLD) with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authori... | In line with ICANN’s plan to implement new generic top-level domains (gTLDs) by the second quarter of 2026, the ApeCoin decentralized autonomous organization (DAO) proposed working with Web3 domains specialist D3 to create the .APE TLD as a real-world asset (RWA).
Apecoin DAO voted in favor of launching .APE domains.
S... |
Bitcoin charts suggest the ‘dominance train’ is coming, traders say | A clear ascending triangle is forming on the Bitcoin dominance chart, signaling a potential surge in Bitcoin’s (BTC) market share, according to several crypto traders. Some, however, argue it’s going to go the other way.
“The BTC dominance train is about to leave the station,” crypto trader and Into The Cryptoverse fo... | A clear ascending triangle is forming on the Bitcoin dominance chart, signaling a potential surge in Bitcoin’s (BTC) market share, according to several crypto traders.
Since September, Cowen claims Bitcoin’s market cap dominance has been in an ascending triangle pattern.
Bitcoin’s dominance — measuring Bitcoin’s share ... |
Dfinity launches Web3 accelerator platform on the Internet Computer | The Dfinity Foundation, a not-for-profit organization based in Switzerland and major contributor to the Internet Computer blockchain, announced the launch of the Olympus Acceleration Platform.
According to a press release, Olympus represents the first decentralized, on-chain Web3 accelerator. Dfinity said it’s “a firs... | The Dfinity Foundation, a not-for-profit organization based in Switzerland and major contributor to the Internet Computer blockchain, announced the launch of the Olympus Acceleration Platform.
According to a press release, Olympus represents the first decentralized, on-chain Web3 accelerator.
Traditional accelerator pr... |
Max pain $51K? Bitcoin options worth over $9.4B set to expire Friday | Over $9.4 billion worth of Bitcoin (BTC) options are set to expire on the Deribit cryptocurrency exchange on March 29, with some analysts suggesting that Bitcoin’s “max pain” price could be around the $50,000 range.
Max pain Bitcoin price closer to $50,000
Over 134,000 BTC worth of open interest is set to expire on t... | Over $9.4 billion worth of Bitcoin (BTC) options are set to expire on the Deribit cryptocurrency exchange on March 29, with some analysts suggesting that Bitcoin’s “max pain” price could be around the $50,000 range.
Max pain Bitcoin price closer to $50,000Over 134,000 BTC worth of open interest is set to expire on the ... |
Hester Peirce blasts SEC, Gurbir Grewal rejects SEC criticism: Law Decoded | United States Securities and Exchange Commission (SEC) 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, Peirce said that a “particularly pernicious w... | United States Securities and Exchange Commission (SEC) 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, Peirce said that a “particularly pernicious we... |
BRC-20 tokens bleed ahead of Bitcoin halving as trader focus shifts to Runes | The two largest BRC-20 tokens saw over 40% declines on the weekly chart, days ahead of the Bitcoin halving. Meanwhile, traders are shifting their focus to Bitcoin Runes, a new token standard on Bitcoin that makes it easier for users to create fungible tokens.
ORDI and SATS down over 40% ahead of the halving
BRC-20 to... | The two largest BRC-20 tokens saw over 40% declines on the weekly chart, days ahead of the Bitcoin halving.
Meanwhile, traders are shifting their focus to Bitcoin Runes, a new token standard on Bitcoin that makes it easier for users to create fungible tokens.
ORDI and SATS down over 40% ahead of the halvingBRC-20 token... |
Solana rival Base hits 400 TPS, claims core contributor | Coinbase Ethereum layer-2 network Base has been hitting high transaction per second (TPS) throughput according to the firm’s head of protocols, Jesse Pollak.
In an April 9 post to X, Pollak reported seeing throughput as high as 300–400 TPS, which he said was being achieved “with no issues.”
However, the Coinbase-back... | Coinbase Ethereum layer-2 network Base has been hitting high transaction per second (TPS) throughput according to the firm’s head of protocols, Jesse Pollak.
Solana-based Helius Labs CEO Mert Mumtaz questioned Pollak’s TPS figures, arguing that failed transactions were not included in the Base figures.
The findings com... |
Vitalik Buterin is cooking up a new way to decentralize Ethereum staking | Ethereum co-founder Vitalik Buterin has proposed a technique to incentivize better decentralization of Ethereum by penalizing correlated failures among validators.
Buterin posted his thoughts on March 27 regarding supporting decentralized staking “through more anti-correlation incentives” to the Ethereum Research foru... | Ethereum co-founder Vitalik Buterin has proposed a technique to incentivize better decentralization of Ethereum by penalizing correlated failures among validators.
Buterin posted his thoughts on March 27 regarding supporting decentralized staking “through more anti-correlation incentives” to the Ethereum Research forum... |
DAO Maker hack victims still await reimbursement 3 years later | The DAO Maker crypto fundraising platform, not to be confused with the MakerDAO stablecoin protocol, is attempting to raise hundreds of thousands of dollars to fund new Web3 projects in 2024. However, victims of its August 2021 hack say the project never reimbursed them for the losses they suffered in the attack, even ... | DAO Maker, based in Prague, is completely separate from and has no relation to the similarly named MakerDAO stablecoin protocol.
One is called a “Strong Holder Offering (SHO),” wherein investors purchase DAO tokens and use them to allocate “DAO Power” to a particular coin offering.
[...] After 1 year, they can be redee... |
Sam Bankman-Fried gets 25 years — What happens now? | A federal judge sentenced former FTX CEO Sam “SBF” Bankman-Fried to 25 years behind bars for his multiple felony convictions, eliciting mixed reactions from many in and out of the crypto space.
On March 28, Judge Lewis Kaplan had some harsh words for Bankman-Fried before and after announcing consecutive sentences of 2... | A federal judge sentenced former FTX CEO Sam “SBF” Bankman-Fried to 25 years behind bars for his multiple felony convictions, eliciting mixed reactions from many in and out of the crypto space.
According to Judge Kaplan, Bankman-Fried will serve the remainder of his time behind bars at a medium- or low-security prison ... |
Bitcoin users spend record $2.4M in fees on halving block | Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block.
At 12:09 m UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts mi... | Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block.
Including the miner subsidy of 3.125 BTC, a total of 40.7 BTC — worth $2.6 million — was paid to Bitcoin miner ViaBTC for prod... |
Will DOGE reach $1 this cycle? It's a 'crapshoot,' say analysts | With the rising number of memecoins entering the market, Dogecoin’s (DOGE) strong community could keep the cryptocurrency from fading into obscurity, but analysts are skeptical of traders' hopes that it could reach a price of one-dollar this cycle.
A one-dollar price tag would represent a 36% increase from Dogecoin’s ... | With the rising number of memecoins entering the market, Dogecoin’s (DOGE) strong community could keep the cryptocurrency from fading into obscurity, but analysts are skeptical of traders' hopes that it could reach a price of one-dollar this cycle.
DOGE has seen a 2.58% rise over the past 7-days.
Source: CoinMarketCapO... |
Indonesia to implement regulatory sandbox for crypto assets | The Indonesian Financial Services Authority (OJK) said that local financial services institutions offering new products and services must be included in the regulatory sandbox or leave room for testing upcoming innovations, including crypto asset products.
According to a report by local Indonesian media outlet DetikFi... | The Indonesian Financial Services Authority (OJK) said that local financial services institutions offering new products and services must be included in the regulatory sandbox or leave room for testing upcoming innovations, including crypto asset products.
According to a report by local Indonesian media outlet DetikFin... |
Tarantino reportedly wanted to create a metaverse for ‘The Movie Critic’ | Director Quentin Tarantino wanted to create a metaverse for his 10th film featuring actors and characters from his catalog, including a 16-year-old version of himself.
According to a report from The Hollywood Reporter, this Tarantino-verse would have been set within a fictional movie theatre. The young Tarantino would... | Director Quentin Tarantino wanted to create a metaverse for his 10th film featuring actors and characters from his catalog, including a 16-year-old version of himself.
According to a report from The Hollywood Reporter, this Tarantino-verse would have been set within a fictional movie theatre.
The metaverse would have f... |
History of Crypto: NFT mania and digital ownership | Welcome to the History of Crypto, a Cointelegraph series that brings readers back to the most significant events in the crypto space. Powered by Phemex, the timeline allows crypto community members to explore and look back at the important events that shaped the industry into what it is today.
In the tumultuous landsc... | Welcome to the History of Crypto, a Cointelegraph series that brings readers back to the most significant events in the crypto space.
NFTs represent unique digital assets stored on a blockchain, ensuring their scarcity and authenticity.
However, it wasn’t until later, with the emergence of Ethereum smart contracts and ... |
Montenegro’s Justice Minister to decide on Do Kwon’s extradition after court ruling | Montenegro’s High Court in Podgorica has reportedly issued a decision putting the question of Terraform Labs co-founder Do Kwon’s extradition to the United States or South Korea to the country’s justice minister.
According to an April 10 report from Montenegrin news outlet Vijesti, Justice Minister Andrej Milović will... | Montenegro’s High Court in Podgorica has reportedly issued a decision putting the question of Terraform Labs co-founder Do Kwon’s extradition to the United States or South Korea to the country’s justice minister.
The reported decision came after Montenegro’s Supreme Court approved a request for a protection of legality... |
Coinbase requests interlocutory appeal over SEC’s ‘controlling question’ | Cryptocurrency exchange Coinbase has requested a United States court to scrutinize a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange.
“The question presented here is unencumbered by factual disputes and therefore ripe for immediate... | Cryptocurrency exchange Coinbase has requested a United States court to scrutinize a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange.
Coinbase chief legal officer Paul Grewal explained in an April 12 post on X that the “controlling ... |
Elon Musk offers users free premium features on X, crypto scammers included | Elon Musk will no longer charge influential accounts on X for certain premium features as long as they meet certain conditions. However, those conditions also appear achievable for accounts involved in cryptocurrency scams.
On March 28, Musk announced that accounts with 2,500 verified subscribers as followers will no ... | Elon Musk will no longer charge influential accounts on X for certain premium features as long as they meet certain conditions.
On March 28, Musk announced that accounts with 2,500 verified subscribers as followers will no longer need to pay for “Premium” features on X. Additionally, accounts with over 5,000 followers ... |
Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis | The price of Bitcoin (BTC) briefly dropped below its critical $60,000 support level again on Friday, falling 5.44% in just two hours amid escalating geopolitical tension in the Middle East.
On April 19, Bitcoin’s price briefly slumped down to $59,698 before quickly recovering to $61,352. It’s a crucial breakdown to no... | The price of Bitcoin (BTC) briefly dropped below its critical $60,000 support level again on Friday, falling 5.44% in just two hours amid escalating geopolitical tension in the Middle East.
On April 19, Bitcoin’s price briefly slumped down to $59,698 before quickly recovering to $61,352.
Source: ABC NewsA similar situa... |
Hacker mints 1B tokens in $16M Curio smart contract exploit | Real-world asset (RWA) liquidity firm Curio suffered a smart contract exploit involving a critical vulnerability related to voting power privileges, allowing the attacker to steal $16 million in digital assets.
Curio alerted its community of the exploit and highlighted that they are addressing the situation. The compa... | Real-world asset (RWA) liquidity firm Curio suffered a smart contract exploit involving a critical vulnerability related to voting power privileges, allowing the attacker to steal $16 million in digital assets.
The company said that a MakerDAO-based smart contract used within Curio was breached.
Within the report, Curi... |
Tether boosts Bitcoin reserves with latest acquisition | Tether, the company behind the Tether (USDT) stablecoin, acquired 8,888 Bitcoin (BTC) worth $618 million on March 31.
Following the acquisition, Tether’s wallet now holds 75,354 Bitcoin, bought at an average price of $30,305, worth around $5.2 billion at the time of writing, according to on-chain data.
The wallet is ... | Tether, the company behind the Tether (USDT) stablecoin, acquired 8,888 Bitcoin (BTC) worth $618 million on March 31.
Tether BTC wallet overview: Source CoinStatsThe acquisition came during a time of heightened institutional interest in Bitcoin due to the approval of United States-based spot Bitcoin exchange-traded fun... |
How DePINs are connecting farmers and businesses via blockchain | In a bid to revolutionize the global food commodity trade and empower farmers, farmer-centric blockchain Farmsent has revealed a new partnership with the layer-1 decentralized physical infrastructure network (DePIN)-focused blockchain, Peaq.
The collaboration, announced on April 9, marks a step forward in Farmsent’s g... | In a bid to revolutionize the global food commodity trade and empower farmers, farmer-centric blockchain Farmsent has revealed a new partnership with the layer-1 decentralized physical infrastructure network (DePIN)-focused blockchain, Peaq.
Cointelegraph talked to Yog Shusti, the co-founder and CEO of Farmsent, about ... |
Bitcoin options expiry worth $1.5B sets $69K max pain price | Over $1.5 billion worth of Bitcoin (BTC) futures options are set to expire on April 12, signaling potential downside price volatility that could see Bitcoin fall to the $69,000 mark.
The over $1.5 billion worth of Bitcoin options are due with a put-to-call ratio of 0.62, suggesting a “max pain” point of $69,000 for Bi... | Over $1.5 billion worth of Bitcoin (BTC) futures options are set to expire on April 12, signaling potential downside price volatility that could see Bitcoin fall to the $69,000 mark.
The over $1.5 billion worth of Bitcoin options are due with a put-to-call ratio of 0.62, suggesting a “max pain” point of $69,000 for Bit... |
Bank of England and FCA launch Digital Securities Sandbox for DLT testing | The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority (FCA) have started a consultation on the draft guidance for their Digital Securities Sandbox (DSS), which is designed to allow participants to test distributed ledger technology (DLT) for trading and settlement of digital securities such as ... | The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority (FCA) have started a consultation on the draft guidance for their Digital Securities Sandbox (DSS), which is designed to allow participants to test distributed ledger technology (DLT) for trading and settlement of digital securities such as ... |
‘Everything will be tokenized’ — Mantra Chain CEO | In the latest episode of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw welcomes John Mullin, the CEO of Mantra Chain, for a deep dive into real-world asset (RWA) tokenization. Mullin breaks down the hype, explores the true potential for investors, and discusses the challenges faced by the emerging tec... | In the latest episode of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw welcomes John Mullin, the CEO of Mantra Chain, for a deep dive into real-world asset (RWA) tokenization.
The CEO says that the hype around real-world assets is not new to the blockchain industry and is similar to the popularity of ... |
Iraq commitment to capture flare gas sparks crypto mining speculation | Iraq’s Deputy Prime Minister, Muhammad Ali Tamim, recently co-chaired a U.S.-Iraq Higher Coordinating Committee meeting with U.S. Secretary of State Antony Blinken to discuss the future partnership between the two nations.
During the meeting, Deputy Prime Minister Tamim stated clearly that it was Iraq’s goal to reduce... | Due to the remote location of many of Iraq’s oil fields, it’s long been considered economically infeasible to convert the flare gas and, as such, much of it ends up polluting the atmosphere.
Bitcoin mining firm Giga, a Texas startup, uses the flare gas from local oil fields to power truckloads of portable mining rigs.
... |
Software engineer sentenced to three years in prison for Nirvana hack | Computer security engineer Shakeeb Ahmed was sentenced to three years in prison followed by three years of supervised release in Southern New York District (SDNY) Court. Ahmed was found guilty of flash loan attacks on the decentralized Crypto Exchange and Nirvana exchanges in 2022.
U.S. Attorney Damian Williams said i... | Computer security engineer Shakeeb Ahmed was sentenced to three years in prison followed by three years of supervised release in Southern New York District (SDNY) Court.
Ahmed was found guilty of flash loan attacks on the decentralized Crypto Exchange and Nirvana exchanges in 2022.
U.S. Attorney Damian Williams said in... |
Andreessen Horowitz raises $7.2B for new venture funds | Venture capital firm Andreessen Horowitz (a16z) said it raised $7.2 billion to invest across several tech sectors, including gaming and artificial intelligence — but isn’t putting any more toward crypto.
The firm’s “Growth” venture strategy — a bundle of funds backing a range of early-stage startups — will receive the... | Venture capital firm Andreessen Horowitz (a16z) said it raised $7.2 billion to invest across several tech sectors, including gaming and artificial intelligence — but isn’t putting any more toward crypto.
The firm’s “Growth” venture strategy — a bundle of funds backing a range of early-stage startups — will receive the ... |
$2B in Silk Road Bitcoin seized by DOJ moves to new wallet | Roughly $2 billion in Bitcoin (BTC) previously seized by United States authorities and connected to the Silk Road marketplace has moved to a new address.
According to data from the blockchain on April 2, a wallet known to be associated with the U.S. Justice Department made a 0.001 BTC transaction to a Coinbase Prime a... | Roughly $2 billion in Bitcoin (BTC) previously seized by United States authorities and connected to the Silk Road marketplace has moved to a new address.
Shortly thereafter, the same wallet transferred 30,174 BTC, or roughly $2 billion at the time of publication, to a new address.
Online sleuths identified the DOJ wall... |
IRS investigation chief expects uptick in crypto tax evasion this year | The United States Internal Revenue Service says it’s gearing up for a significant rise in crypto tax crime cases going forward, as U.S. citizens hit the deadline to file their taxes on April 15.
Speaking to CNBC at the Chainalysis Links event in New York, IRS criminal investigation chief Guy Ficco said his agency was ... | The United States Internal Revenue Service says it’s gearing up for a significant rise in crypto tax crime cases going forward, as U.S. citizens hit the deadline to file their taxes on April 15.
Speaking to CNBC at the Chainalysis Links event in New York, IRS criminal investigation chief Guy Ficco said his agency was g... |
Bybit crypto exchange launches trading platform in the Netherlands | Bybit, one of the world’s largest cryptocurrency exchanges by trading volumes, is expanding operations in Europe after facing regulatory scrutiny in Hong Kong.
On March 28, Bybit officially announced the launch of its digital asset platform, Bybit.nl, in the Netherlands. The new local trading platform is regulated in ... | On March 28, Bybit officially announced the launch of its digital asset platform, Bybit.nl, in the Netherlands.
The new local trading platform is regulated in the country and designed to provide Dutch users access to cryptocurrency trading and education resources.
Dutch users can immediately deposit, withdraw, trade an... |
Tron argues SEC ‘not a worldwide regulator’ and lawsuit goes ‘too far’ | The entity behind layer-1 blockchain Tron has asked a New York federal court to dismiss a United States Securities and Exchange Commission lawsuit against it, arguing the U.S. regulator targeting “predominantly foreign conduct.”
“The SEC is not a worldwide regulator,” and its effort to apply U.S. security laws to “pre... | Last March, the SEC sued Justin Sun, the Tron Foundation, file-sharing platform backers the BitTorrent Foundation and its San Francisco-based parent firm, Rainberry Inc. — the latter two Tron acquired in 2018 — alleging its sale of Tron (TRX) and BitTorrent (BTT) tokens are unregistered securities offerings.
The Singap... |
Fiat ramps still the ‘biggest gateway’ to crypto — Exec | Despite a shift in volume in fiat on- and off-ramps, they remain the biggest gateway for leading Web2 users into crypto, according to Aviessa Khoo, executive director at crypto ramp solutions provider Mercuryo.
At the recent Token2049 event in Dubai, Khoo told Cointelegraph that between 2017 and 2022, there were more ... | Despite a shift in volume in fiat on- and off-ramps, they remain the biggest gateway for leading Web2 users into crypto, according to Aviessa Khoo, executive director at crypto ramp solutions provider Mercuryo.
She said:“On-ramp is definitely still the biggest gateway to onboard Web2 users into Web3, bridging these non... |
Can the future of music be decentralized, community-focused and AI-friendly? | Music has always been seen as a universal language able to connect people from various walks of life, cultures and backgrounds. It has also been used as a way of introducing new ideas and technologies.
Generally, the music industry has always been eager to adopt new technologies that help creativity, speed up the prod... | Music has always been seen as a universal language able to connect people from various walks of life, cultures and backgrounds.
Artists can now make full albums in their bedrooms using technology that didn’t even exist 10 to 20 years ago.
In recent years, artists have used nonfungible tokens (NFTs) to release singles o... |
Starknet explains reasons for 4-hour block outage | Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions. The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production.
Starkscan shows a gap between the creation of blocks 630028 and 630029 on April 4, while Starknet’s status page ... | Ethereum layer-2 protocol Starknet suffered a block reorganization that led to a backlog of transactions.
The protocol’s block monitoring tool, Starkscan, showed an outage of four hours in block production.
The company said block production continued as usual, but the reorganization caused a transaction backlog that pr... |
Metaverse set to revolutionize $54B medical tourism market: Research | The metaverse — a loose term describing interconnected digital worlds navigable by humans virtually, with no technical regard to geography — is set to upend the medical tourism industry.
Recent analysis from industry experts at Omnia Health, the Iranian Journal of Public Health, and Medical Tourism Magazine shines a l... | The metaverse — a loose term describing interconnected digital worlds navigable by humans virtually, with no technical regard to geography — is set to upend the medical tourism industry.
Recent analysis from industry experts at Omnia Health, the Iranian Journal of Public Health, and Medical Tourism Magazine shines a li... |
EU watchdog warns handful of exchanges may dominate crypto market | The European Securities and Markets Authority (ESMA) has highlighted the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem.
ESMA’s research indicates that about 90% of cryptocurrency transactions are processed by just 10 exchanges, with Binance, the larges... | The European Securities and Markets Authority (ESMA) has highlighted the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem.
The report, released on April 10, comes as the European Union (EU) prepares to implement MiCA, the world’s first extensive regulatory... |
What to expect at Sam Bankman-Fried’s sentencing hearing | On March 28, former FTX CEO Sam “SBF” Bankman-Fried will face a judge and learn whether his time in federal prison is ending or just beginning following his conviction on seven felony charges.
Judge Lewis Kaplan will hear from prosecutors and SBF’s attorneys in United States District Court for the Southern District of... | On March 28, former FTX CEO Sam “SBF” Bankman-Fried will face a judge and learn whether his time in federal prison is ending or just beginning following his conviction on seven felony charges.
The sentencing hearing will likely conclude the matter, which started with the collapse of FTX in November 2022 and continued w... |
ZachXBT won’t assist after memecoin devs throw tokenholders under the bus | Prominent blockchain sleuth ZachXBT has refused to assist holders of the Complex (SIMPLE) memecoin, minted on the Base blockchain, after its developers abruptly shut down the project on April 4.
“After careful consideration and with heavy hearts, we’ve made the difficult decision to sunset Complex,” the project wrote,... | Prominent blockchain sleuth ZachXBT has refused to assist holders of the Complex (SIMPLE) memecoin, minted on the Base blockchain, after its developers abruptly shut down the project on April 4.
It appears that users were very dissatisfied with the developers’ reference to “mental health” as the main reason for the pro... |
Bitcoin needs to hold above $80,000 to keep mining profitable post-halving | According to data from CryptoQuant CEO Ki Young Ju, the current cost of mining using Antminer S19 XPs will rise from $40,000 to $80,000 after the Bitcoin halving in mid-April.
The Bitcoin halving is a milestone event occurring every 210,000 blocks or roughly every four years. The halving event cuts the block reward ea... | The Bitcoin halving is a milestone event occurring every 210,000 blocks or roughly every four years.
Apart from indirectly impacting the price of Bitcoin (BTC), the halving event significantly impacts miner behavior, as mining costs double to earn the same amount of BTC.
The average Bitcoin mining cost as of April 6 is... |
Taiwanese music celebrity’s Solana memecoin sees wild price action after $40M presale | Boba Oppa (BOBAOPPA), a Solana-based memecoin created by Taiwanese music celebrity and blockchain personality Machi Big Brother (aka Jeffrey Huang), has taken tokenholders on a rollercoaster ride after a $40 million presale.
According to GeckoTerminal data on April 2, the Boba Oppa memecoin opened at a high of 0.00147... | According to GeckoTerminal data on April 2, the Boba Oppa memecoin opened at a high of 0.001474 at launch on March 30 before plunging 74% to a low of 0.0003854 shortly after.
At the time of publication, Boba Oppa has somewhat recovered at a price of $0.0007194.
On March 28, investors sent over 200,000 SOL (SOL) to the ... |
Bitcoin halving 2024 — Done and dusted! | Bitcoin successfully went through its fourth halving event after its 840,000th block was mined. The event slashes mining rewards in half.
The event has the crypto community eagerly awaiting what’s next for the Bitcoin (BTC) price, with some predictions reaching as high as $250,000.
At the time of publication, Bitcoin... | Bitcoin successfully went through its fourth halving event after its 840,000th block was mined.
The first Bitcoin halving occurred in 2012 when the reward for mining a block was reduced from 50 to 25 BTC.
The primary purpose behind the Bitcoin halving is to ensure scarcity and reduce Bitcoin’s inflation rate over time.... |
dYdX Chain halts production following scheduled network upgrade | Decentralized finance (DeFi) protocol dYdX has announced it is investigating a recent halt in block production as the chain underwent a scheduled upgrade.
On April 8 at 5:30 am UTC, dYdX published a status report stating the chain was proceeding with a scheduled protocol upgrade and that functionalities of the dYdX Ch... | Decentralized finance (DeFi) protocol dYdX has announced it is investigating a recent halt in block production as the chain underwent a scheduled upgrade.
On April 8 at 5:30 am UTC, dYdX published a status report stating the chain was proceeding with a scheduled protocol upgrade and that functionalities of the dYdX Cha... |
Bitcoin ETF activity to remain robust until the halving: Santiment | Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment.
The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding, “Trader activity i... | Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment.
Santiment speculated that it is a “likely foregone conclusion” that the high ETF activity will continue leading up to the Bitcoin halving in around tw... |
Ethena Labs adds Bitcoin backing to its USDe synthetic dollar | Ethena Labs, the team behind USDe, has added Bitcoin (BTC) as collateral to its synthetic dollar-pegged product with the hopes of scaling “significantly” from its current $2-billion supply.
With Bitcoin open interest increasing from $10 billion to $25 million over the past year on major cryptocurrency exchanges, USDe ... | Ethena Labs, the team behind USDe, has added Bitcoin (BTC) as collateral to its synthetic dollar-pegged product with the hopes of scaling “significantly” from its current $2-billion supply.
At the time, Ethena promised a 27.6% annual percentage yield (APY) on staked USDe, prompting widespread concerns in the community.... |
Worldcoin will increase WLD supply by up to 19% in the next 6 months | Digital identity project Worldcoin will increase the supply of its WLD token by as much as 19% over the next six months through a swathe of private sales to non-United States institutions.
In an April 23 blog post, Worldcoin shared that World Assets — a subsidiary of the Worldcoin Foundation in charge of token issuanc... | Digital identity project Worldcoin will increase the supply of its WLD token by as much as 19% over the next six months through a swathe of private sales to non-United States institutions.
Source: Worldcoin“World Assets expects to sell between 0.5 million and 1.5 million WLD per week on average,” Worldcoin wrote.
“The ... |
GameFi airdrops are here to stay but won’t save a bad game: Execs | Despite lingering resistance from some gamers over “tokenomics,” gaming studios will most likely continue to use airdrops and other incentives to attract players, according to industry executives.
“It’s a very easy way to get market share, said Kieran Warwick, founder of gaming studio Illuvium in an interview with Coi... | Despite lingering resistance from some gamers over “tokenomics,” gaming studios will most likely continue to use airdrops and other incentives to attract players, according to industry executives.
“It’s a very easy way to get market share, said Kieran Warwick, founder of gaming studio Illuvium in an interview with Coin... |
John Deaton’s crypto backers help outraise Warren in Senate race | Pro-crypto lawyer John Deaton has outraised Senator Elizabeth Warren over the first quarter of this year for his bid to seize her Senate spot — bankrolling $1.36 million compared to Warren’s $1.09 million.
A who’s who of crypto backers make up Deaton’s top donors, including Ripple executives Chris Larsen and Brad Garl... | Pro-crypto lawyer John Deaton has outraised Senator Elizabeth Warren over the first quarter of this year for his bid to seize her Senate spot — bankrolling $1.36 million compared to Warren’s $1.09 million.
Deaton’s top Senate campaign donors between January and March 2024.
Deaton rose to prominence defending XRP (XRP) ... |
Doctors turn to Apple Vision Pro headset to practice surgery amid cadaver shortage | Veyond Metaverse, a medical technology company, recently announced that its medical telepresence platform would expand its footprint to the Apple Vision Pro.
The company’s real-time translation and remote communication services were previously used on traditional virtual and augmented reality headsets to conduct what ... | Veyond Metaverse, a medical technology company, recently announced that its medical telepresence platform would expand its footprint to the Apple Vision Pro.
With the addition of Apple’s recently released Vision Pro headset, Veyond Metaverse appears to be entering the high-end medical telepresence market at a time when... |
Firm behind world’s fastest Bitcoin miner raises another $80M | Auradine, a tech startup specializing in web infrastructure and cryptocurrency mining hardware and software solutions, announced the successful completion of a Series B funding round worth $80 million on April 10.
Funding was joined by previous investors Celesta Capital, Mayfield Fund, and Marathon Digital and new inv... | Auradine, a tech startup specializing in web infrastructure and cryptocurrency mining hardware and software solutions, announced the successful completion of a Series B funding round worth $80 million on April 10.
Its previous funding round, completed in May 2023, was led by Celesta Capital and Mayfield.
This Series B ... |
Bitcoin miners spreading sales dulled post-halving price drop: Bitfinex | Bitcoin (BTC) miners were selling their reserves ahead of the halving and the spot exchange-traded funds (ETFs) in the United States may have “spread out the potential selling pressure,” which helped avoid a sharp price drop alongside the event, said Bitfinex.
“It appears that miners have executed their selling in adv... | Bitcoin (BTC) miners were selling their reserves ahead of the halving and the spot exchange-traded funds (ETFs) in the United States may have “spread out the potential selling pressure,” which helped avoid a sharp price drop alongside the event, said Bitfinex.
“We assume miners were already selling their BTC holdings o... |
Pantera Capital’s crypto fund surges 66% amid market optimism | Pantera Capital’s Liquid Token Fund reportedly posted a 66% return in the first quarter of 2024, driven by investments in crypto tokens such as Solana’s (SOL).
According to a shareholder letter reviewed by Bloomberg, the fund’s strong performance from January to March was also propelled by assets such as Ribbon Financ... | Pantera Capital’s Liquid Token Fund reportedly posted a 66% return in the first quarter of 2024, driven by investments in crypto tokens such as Solana’s (SOL).
Portfolio manager Cosmo Jiang told Bloomberg the fund has reduced its Bitcoin holdings by more than half since the beginning of 2024.
SOL token performance year... |
5 crazy April Fools pranks that Crypto X almost fell for | From Vitalik Buterin touting “degen communism” to a white paper from the Solana CEO for a token designed to operate through shortwave radio channels, here are some of the most outlandish April Fool’s Day gags that almost tricked Crypto X this year.
BunkerCoin, a token transmitted through radio waves
In an April 1 pos... | Pump and dumpersOne of the more questionable April Fools Day pranks, at least, according to Crypto X, came from an account associated with an Ethereum-based crowdfunding protocol called JuiceBox which claimed it had received financial backing from crypto venture capital firm Paradigm.
JBX pumped and dumped on the April... |
‘Bitcoin will reach over $1M’ — Animoca founder at WebSummit Rio | Yat Siu, the founder of Animoca Brands, spoke at WebSummit Rio on April 16 on a panel titled "Bitcoin’s Revenge: Is Web3 Making a Comeback?”
At the panel, Siu said he has no doubt that Bitcoin (BTC) will reach $1 million:
"I do believe that Bitcoin could reach over a million dollars-plus over time. But, I believe, no... | Yat Siu, the founder of Animoca Brands, spoke at WebSummit Rio on April 16 on a panel titled "Bitcoin’s Revenge: Is Web3 Making a Comeback?”At the panel, Siu said he has no doubt that Bitcoin (BTC) will reach $1 million:"I do believe that Bitcoin could reach over a million dollars-plus over time.
She said:"Web3 is abou... |
Binance co-founder He Yi says CZ received ‘most optimal outcome’ | Former Binance CEO Changpeng Zhao, often known as CZ, is in a “positive situation,” according to the cryptocurrency exchange’s co-founder He Yi. CZ is set for sentencing in the United States on one felony charge on April 30.
Yi “dispelled concerns over the regulatory status” at the Binance Chinese Meetup held on the s... | Former Binance CEO Changpeng Zhao, often known as CZ, is in a “positive situation,” according to the cryptocurrency exchange’s co-founder He Yi.
CZ is set for sentencing in the United States on one felony charge on April 30.
That settlement forced CZ to resign as Binance CEO.
Related: Facing potential prison time, form... |
NASA created VR metaverse to prep astronauts for life on lunar space station | While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for life aboard a lunar space station that hasn’t been built yet.
The first humans to make their homes in deep space, according to N... | While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for life aboard a lunar space station that hasn’t been built yet.
The first humans to make their homes in deep space, according to NA... |
Prisma Finance eyes protocol restart with DAO support | Prisma Finance has devised a plan to safely unpause the Prisma protocol, which was halted on March 28 after it suffered a hack of $11.6 million. Re-enabling borrowing on Prisma will require consensus through an ongoing vote.
On April 3, Prisma Finance core contributor Frank Olson proposed a way to “safely” unpause the... | Prisma Finance has devised a plan to safely unpause the Prisma protocol, which was halted on March 28 after it suffered a hack of $11.6 million.
On April 3, Prisma Finance core contributor Frank Olson proposed a way to “safely” unpause the Prisma protocol and re-enable the ability for users to deposit liquid staking to... |
Top five BTC miners not selling despite Bitcoin halving | The five largest Bitcoin mining firms are not selling Bitcoin (BTC), despite the 50% supply issuance reduction of the upcoming Bitcoin halving.
Bitcoin selling by the top five mining firms slowed to a two-year low in the first quarter of 2024, when the five largest miners sold a total of approximately 2,000 BTC, accor... | The five largest Bitcoin mining firms are not selling Bitcoin (BTC), despite the 50% supply issuance reduction of the upcoming Bitcoin halving.
The report comes days before the 2024 Bitcoin halving, which is set to reduce Bitcoin block issuance rewards from 6.25 BTC to 3.125 BTC per mined block.
Post-halving Bitcoin mi... |
Hong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’ | Three recently approved spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.
On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore... | On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether ETFs.
spot bitcoin ETFs have more assets than the entire HK ETF market,” wrote Balchunas in a follow-up post to X.
U.S. spot Bitcoin ETFs curre... |
Elon Musk’s AI spinoff is seeking $4B that could level up Grok: Report | Tech entrepreneur Elon Musk is seeking to raise up to $4 billion for his artificial intelligence (AI) startup xAI, the inventor of the X-linked AI chatbot Grok.
Select investors are reportedly being offered the chance to participate in funding rounds for the AI startup through special purpose vehicles (SPVs), accordin... | Tech entrepreneur Elon Musk is seeking to raise up to $4 billion for his artificial intelligence (AI) startup xAI, the inventor of the X-linked AI chatbot Grok.
Select investors are reportedly being offered the chance to participate in funding rounds for the AI startup through special purpose vehicles (SPVs), according... |
Bitcoin supply to run out on exchanges in 9 months — Bybit | Bitcoin supply on cryptocurrency exchanges will dry up in nine months thanks to the 50% supply issuance reduction of this week’s upcoming Bitcoin halving.
Provided that demand from the United States Bitcoin exchange-traded funds (ETFs) continues, Bitcoin’s post-halving supply dynamic will see exchange reserves run out... | Bitcoin supply on cryptocurrency exchanges will dry up in nine months thanks to the 50% supply issuance reduction of this week’s upcoming Bitcoin halving.
Provided that demand from the United States Bitcoin exchange-traded funds (ETFs) continues, Bitcoin’s post-halving supply dynamic will see exchange reserves run out ... |
New Bitcoin ETFs now hold 500,000 BTC, while GBTC outflows slow | Nine of the 10 new spot Bitcoin (BTC) exchange-traded funds (ETFs) have accumulated over 500,000 BTC since launching in January, with their holdings now accounting for 2.54% of the current circulating supply.
The nine ETFs, which launched on Jan. 11, hit the milestone following another day of inflows on Thursday, havi... | Nine of the 10 new spot Bitcoin (BTC) exchange-traded funds (ETFs) have accumulated over 500,000 BTC since launching in January, with their holdings now accounting for 2.54% of the current circulating supply.
U.S. spot Bitcoin ETFs.
Source: HODL15CapitalIn total, all United States spot Bitcoin funds, including Grayscal... |
Tornado Cash co-founder requests dismissal of money laundering charges | Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has filed a motion to dismiss all three charges against him that allege he operated a money laundering business and violated the International Emergency Economic Powers Act.
“By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s... | Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has filed a motion to dismiss all three charges against him that allege he operated a money laundering business and violated the International Emergency Economic Powers Act.
Storm’s lawyers argued that Tornado Cash was developed, “became immutable” and publi... |
Can crypto traders out-predict Wall Street on Coinbase Q1 earnings? | Coinbase is set to share its financial performance for the first quarter of 2024, sparking differing expectations between the crypto community and traditional investors over the anticipated figures.
Speculation is mounting whether the crypto community predictions will be more accurate than the typical investment analy... | Coinbase has now beaten consensus earnings-per-share (EPS) estimates for the past four quarters, as well as consensus revenue in each period, too, according to a recent report from Zack’s Equity Research.
“The combination of a massive Q1 beat + Q2 trading revs tracking *ahead* of Q1 will literally blow minds,” Snow add... |
Apple Pay is the benchmark as crypto mobile payments push for adoption | Cryptocurrency payment platforms are slowly being onboarded to major e-commerce platforms and retail stores, but their user experience and performance don’t quite match that of Apple Pay.
Stijn Paumen, CEO of growing crypto payments platform Helio, paints a picture of a sector still in its infancy during a one-on-one ... | Stijn Paumen, CEO of growing crypto payments platform Helio, paints a picture of a sector still in its infancy during a one-on-one interview with Cointelegraph.
“I think the benchmark is Apple Pay.
“Ever since someone paid 10,000 BTC for a pizza, crypto payments became a thing.
“If you have a Phantom wallet and you kno... |
Hong Kong Bitcoin, Ether ETF structures revealed ahead of April 30 launch | Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) will be remarkably different from their United States counterparts, with the city’s regulator having greenlit them for an April 30 launch.
According to a report by one of the issuers, ChinaAMC, its spot Bitcoin (BTC) and Ether (ETH) ETFs will track the perf... | Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) will be remarkably different from their United States counterparts, with the city’s regulator having greenlit them for an April 30 launch.
In addition, ChinaAMC’s crypto ETFs will be denominated in three currencies: the U.S. dollar, Hong Kong dollar and Chin... |
‘I’ve moved on to other things’ — Satoshi Nakamoto’s final email revisited after 13 years | Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), decided to move on to other things 13 years ago, when they sent the last communication to Bitcoin’s first developers on April 23, 2011.
Bitcoin core developer Mike Hearn previously revealed the final instructions as part of an email exchange with Nakamoto ab... | Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), decided to move on to other things 13 years ago, when they sent the last communication to Bitcoin’s first developers on April 23, 2011.
One of the most controversial cases involved Craig Wright, an Australian computer scientist who claimed to be Nakamoto in 2... |
Bitcoin halving will have to battle with ‘weak time of year’ — Coinbase | Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase.
The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained... | Many crypto traders are eyeing the Bitcoin halving event as a primary driver for a potential price spike, but the time of year will be an obstacle, according to cryptocurrency exchange Coinbase.
The crypto market will need to find another narrative to further push up prices across the board, Coinbase further explained ... |
Sam Bankman-Fried sentenced to 25 years in prison | Former FTX CEO Sam “SBF” Bankman-Fried will serve 25 years in prison following a sentencing hearing in federal court.
On March 28, Judge Lewis Kaplan of United States District Court for the Southern District of New York sentenced Bankman-Fried to 240 months and 60 months for a total of 25 years for his conviction on s... | Former FTX CEO Sam “SBF” Bankman-Fried will serve 25 years in prison following a sentencing hearing in federal court.
SBF was the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Judge Kaplan also suggested an $11-billion judgment in addition to ... |
Hollywood union deal with music giants guards against AI use | Entertainment industry workers have struck a preliminary agreement with top record labels like Warner Music Group and Sony Music Entertainment to secure higher minimum wages and safeguards against using artificial intelligence (AI).
According to a statement on the website of the Hollywood actors’ union — the Screen Ac... | Entertainment industry workers have struck a preliminary agreement with top record labels like Warner Music Group and Sony Music Entertainment to secure higher minimum wages and safeguards against using artificial intelligence (AI).
The agreement comes as AI technology has become a significant concern in the entertainm... |
Argentine government passes registration requirements for crypto firms | Argentina’s government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country.
In a March 25 announcement, Argentina’s Comisión Nacional de Valores (CNV) — the country’s equivalent of a securities regulator — said virtual asset service providers would be operating in accorda... | Argentina’s government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country.
The implementation of the law affecting crypto providers in Argentina moved forward on March 14, when the country’s senate approved modifying laws aimed at preventing money laundering and the finan... |
Paraguay to reconsider Bitcoin mining ban, mulls selling energy to miners | Paraguayan senators have halted progress on the proposed cryptocurrency mining ban introduced last week, with officials now considering the benefits of selling excess energy from its Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina.
A debate will be held in an April 23 public hearing t... | Paraguayan senators have halted progress on the proposed cryptocurrency mining ban introduced last week, with officials now considering the benefits of selling excess energy from its Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina.
A debate will be held in an April 23 public hearing to... |
Binance exec will remain in Nigerian custody until May 17 bail hearing: Report | Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17.
According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance ... | Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17.
According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance e... |
Massive SOL liquidation by FTX estate nets nearly $2B | The FTX estate unloaded over half of its Solana (SOL) tokens at a 63% discount from current prices, according to a Bloomberg report on April 5. SOL tokens represent the majority of the bankrupt exchange’s assets.
The sale received interest from asset managers and venture capitalists, including Galaxy Trading and Pante... | The FTX estate unloaded over half of its Solana (SOL) tokens at a 63% discount from current prices, according to a Bloomberg report on April 5.
Its 41 million SOL tokens are subject to a four-year vesting schedule, meaning they cannot be traded in the market until the deadline passes.
Pantera Capital also raised $250 m... |
Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid | Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, saying illegal crypto mines are stealing power and interrupting the electricity supply.
The draft law introduced on April 4 would ban (translated) “the installation of crypto mining farms” alon... | Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, saying illegal crypto mines are stealing power and interrupting the electricity supply.
The draft law introduced on April 4 would ban (translated) “the installation of crypto mining farms” along... |
Ethereum’s Pectra upgrade to make normal wallets ‘smart’ and improve UX | Ethereum’s Pectra upgrade, slated for late 2024 or early 2025, is bringing with it a host of more functionality for crypto wallets and upgrades to their user experience (UX).
Ethereum Improvement Proposal (EIP) 3074 was approved for inclusion in the next update, which allows normal crypto wallets to work like smart co... | Ethereum’s Pectra upgrade, slated for late 2024 or early 2025, is bringing with it a host of more functionality for crypto wallets and upgrades to their user experience (UX).
Ethereum Improvement Proposal (EIP) 3074 was approved for inclusion in the next update, which allows normal crypto wallets to work like smart con... |
Social sim Today closes seed round to build Animal Crossings-like game with AI NPCs | Today, a Web3 firm creating a gaming experience also called “Today,” has raised $5 million in seed funding to build its ambitious Animal Crossings-like “social sim” featuring tradeable digital assets and nonplayer characters (NPCs) powered by generative artificial intelligence (AI).
The basic premise of Today revolves... | Today, a Web3 firm creating a gaming experience also called “Today,” has raised $5 million in seed funding to build its ambitious Animal Crossings-like “social sim” featuring tradeable digital assets and nonplayer characters (NPCs) powered by generative artificial intelligence (AI).
In Today’s case, the company says it... |
DeepMind CEO says Google to spend more than $100B on AGI despite hype | Google’s not backing down from the challenge posed by Microsoft when it comes to the artificial intelligence sector. At least not according to the CEO of Google DeepMind, Demis Hassabis.
Speaking at a TED conference in Canada, Hassabis recently went on the record saying that he expected Google to spend more than $100 ... | Speaking at a TED conference in Canada, Hassabis recently went on the record saying that he expected Google to spend more than $100 billion on the development of artificial general intelligence (AGI) over time.
StargateMicrosoft and OpenAI are reportedly in discussions to build a $100 billion supercomputer project for ... |
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