Cryptocurrencies Today: News, Analysis, and Predictions ☀️

Ethereum below $3K! Short positions surge, where will ETH go from here?

May 8, 2024 | 07:00 am

The consecutive liquidation of long positions has led to more Ethereum traders taking short positions.

RNDR Bulls Could Not Break $10.6 Level, Is This A Reversal?

May 8, 2024 | 06:52 am

The post RNDR Bulls Could Not Break $10.6 Level, Is This A Reversal? appeared first on Coinpedia Fintech News Render Token, the popular AI Coins category is in the spotlight 40% up in weekly charts and currently trading at $10.11 with a marketcap of 3.9 Billion USD. This surge is today the talk of crypto markets, a report revealed from Santimnet shows a significant increase in the discussion of AI & Big data projects, …

Is Ethereum About to Take a Massive Drop? Here’s Why ETH Price Could Drop By 70%

May 8, 2024 | 06:48 am

The post Is Ethereum About to Take a Massive Drop? Here’s Why ETH Price Could Drop By 70% appeared first on Coinpedia Fintech News The volatility has made its way into the markets with the selling pressure mounting over the crypto space. After a long fight, the bears are close to dragging the levels below the crucial support as the ETH price is trading in and out of $3000. With new bearish clouds looming over the markets, it will …

BitMEX Partners With PowerTrade And Launch Option Trading Services To Compete Deribit!

May 8, 2024 | 06:44 am

The post BitMEX Partners With PowerTrade And Launch Option Trading Services To Compete Deribit! appeared first on Coinpedia Fintech News In the latest update, perpetual swap investor, BitMEX has collaborated with PowerTrade intending to capture a significant market share from dominant crypto options platform Deribit which accounts for 70% of the total $51.1 Billion worth of trading volume for Bitcoin options during April. With the backing of Ascend Ventures, Pantera Capital, and Ledger Prime, BitMEX …

Robinhood favored to prevail in potential crypto court case against SEC

May 8, 2024 | 06:42 am

Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on the potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform would likely emerge victorious in any crypto-related court case. This assessment comes amidst escalating tensions between Robinhood and the SEC over the company’s …

Crypto Regulations Are Imminent, but Will the Regulators Align?

May 8, 2024 | 06:40 am

Regulatory change in the crypto realm has been a subject of heated debate for many years. The general ethos of cryptocurrency is one of anarchism or anarcho-capitalism. Proponents of the tech tend to be adamantly against any type of governmental intervention into markets or technology.However, as digital assets and blockchain technology find themselves thrust into the mainstream, governments must respond. They must either incorporate these assets into existing regulations or create a new regulatory framework altogether. Lets look at how crypto regulations have evolved over the years, with a focus on US regulation.Background: Crypto Regulation in the USMuch of the conversation surrounding cryptocurrency regulation in the US has been focused on something called the Howey Test. Having its roots in a landmark Supreme Court case from 1946, The Howey Test provides the criteria used to determine whether or not something can be considered a security, aka an investment contract.The test has four parts, and says that a security is:1. An investment of money; 2. In a common enterprise; 3. With the expectation of profit; and 4. Those profits being derived from the efforts of others. If an investment aligns with all four of these precepts, then it can be considered a security, meaning it falls under the regulatory jurisdiction of the Securities and Exchange Commission (SEC).The Howey Test is almost 80 years old. Applying it to new technologies like cryptocurrencies can be difficult. However, many have argued that most cryptocurrencies do constitute investment contracts that meet the criteria of the Howey Test.Bitcoin may be an exception, as the SEC has intimated that BTC looks more like a commodity. This reasoning was part of what led to the approval of spot Bitcoin ETFs in the US in January 2024.Let’s get this thing straight. Crypto is a part of the global financial ecosystem now. No government can wish it away. That being said, if we’re not to undo the years of work towards cleaning up our financial system, we absolutely have to get the regulation right. While… pic.twitter.com/sgDMnG0YSn— Orekelewa (@orekelewa_etc) May 4, 2024A Timeline of Cryptocurrency RegulationBetween 2009, when Bitcoin was invented, and 2013, there were only a few significant developments in cryptocurrency regulation. These included: The shutdown of the Silk Road marketplace and seizure of its Bitcoin by the Federal Bureau of Investigation (FBI), and A seizure order being issued to Dwolla, a subsidiary of the Mt. Gox crypto exchange, by the Department of Homeland Security (DHS).Silk Road was a Bitcoin marketplace used in part for the sale of illicit substances. Its founder, Ross Ulbricht, was sentenced to two life sentences in prison without the possibility of parole. On the other hand, Mt. Gox was an exchange responsible for 70% of Bitcoin trading at the time.These two enforcement actions were the first known measures taken against cryptocurrency by authorities.In 2014, the Internal Revenue Service (IRS) issued guidance classifying cryptocurrency as a form of property, making it subject to capital gains taxes. Up until this point, there were no tax implications for any types of cryptocurrency gains or losses.It’s interesting to note that while the IRS claims crypto to be property, other agencies like the FBI see it as a form of currency. This illustrates the lack of clear regulatory guidance that exists and the resulting difficulties in compliance facing consumers, companies, and institutions.Later, in 2020, the IRS would add a question to US tax returns asking taxpayers if they had sold any cryptocurrency in the last year.In 2016, the first John Doe summons was issued to Coinbase, the largest US-based crypto exchange platform. A John Doe summons is a request by the IRS to acquire information about a group of unnamed taxpayers. Coinbase eventually handed over information on about 14,000 US taxpayers who made transactions totaling $20,000 or more. The IRS then notified these individuals that they must amend past tax returns to avoid penalties and fines.the FBI calls crypto money so they can arrest you for money launderingthe IRS calls it property so they can tax your capital gainsthe SEC calls it a security so they can sue every exchangethe CFTC calls it a commodity so they can govern how you transact ith/t @CryptoTea_— otteroooo (@otteroooo) April 29, 2024In March 2022, US President Joe Biden signed an Executive Order (EO) on “Ensuring Responsible Development of Digital Assets.” While not a direct regulatory bill, the order did serve as acknowledgement of digital assets from the government of the largest economy in the world. In addition, this EO called for the US government to take some specific measures regarding cryptocurrency, including: Creating new consumer protections Introducing measures to prevent risk in cryptocurrency markets from leading to wider systemic risks throughout the US and global economies Mitigate the use of cryptocurrency in illicit activities Promote US leadership and dominance in the technological and economic spheres Support technological advances Explore the development of a US Central Bank Digital Currency (CBDC)While the above is not an exhaustive list of regulatory activity in the US, it does cover many of the most important milestones.Classifying #ETH as a security contradicts previous statements of the SEC and Chair Gensler.Republicans will continue to hold the SEC accountable for its regulatory overreach that is stifling innovation, leaving consumers unprotected, and risking our national security. https://t.co/XohLYtp7EF— Financial Services GOP (@FinancialCmte) April 30, 2024Where Is Crypto Regulation Going?Cryptocurrency regulations in 2024 have come a long way since the birth of Bitcoin. Much progress remains to be made, and regulations differ from country to country. The US and the European Union (EU) have so far led the way when it comes to crypto regulation. Time will tell if these regulations grow to be too restrictive, as some fear, or if they will take a more productive form. This article was written by Brian Nibley at www.financemagnates.com.

Crypto Analyst Who Made A Fortune on Solana, Is Now Bullish on These Five Altcoins, Approaching 55X Opportunities

May 8, 2024 | 06:37 am

The post Crypto Analyst Who Made A Fortune on Solana, Is Now Bullish on These Five Altcoins, Approaching 55X Opportunities appeared first on Coinpedia Fintech News A crypto analyst who struck gold with their predictions on Solana’s remarkable performance last year now shares insights on five alternative coins. These selections are in the spotlight with potential gains that could turn heads, as the bullish trend of 2024 seems to take hold. With a record of success, the analyst’s foresight is highly …

XRP Price Update: SEC’s Reply Brief Triggers Market Volatility

May 8, 2024 | 06:34 am

The SEC’s latest filings highlight concerns over Ripple’s unregistered XRP sales and plans for a stablecoin. Ripple’s CLO, Stuart Alderoty, criticizes the SEC’s approach stating that the regulator continues to disregard the law. He expresses hope for a settlement very soon. Amid the broader market selling pressure, the XRP price continues to trade at 3% [...]

Susquehanna has more Bitcoin exposure than just ETFs

May 8, 2024 | 06:30 am

Quick Take Susquehanna, a prominent trading firm, has disclosed a $1.3 billion investment in spot Bitcoin ETFs. The firm’s portfolio is primarily dominated by the Grayscale Bitcoin Trust (GBTC), which accounts for a substantial $1.1 billion of the total investment. The company’s appetite for Bitcoin exposure extends beyond just GBTC, as the firm has invested […] The post Susquehanna has more Bitcoin exposure than just ETFs appeared first on CryptoSlate.

Bitcoin To Face $1 Billion Long Liquidations If BTC Drops Below $62k, What’s Next?

May 8, 2024 | 06:24 am

The post Bitcoin To Face $1 Billion Long Liquidations If BTC Drops Below $62k, What’s Next? appeared first on Coinpedia Fintech News Bitcoin (BTC) is on the verge of a crucial price movement, with $1.01 Billion in long liquidations occurring below the $62,000 mark. This significant liquidation activity suggests that the price is approaching a critical level where a liquidity sweep may occur, potentially leading to a market recovery. $1 Billion In Long To Be Liquidated Recent …

Sui collaborates with FanTV to power global Creator Economy

May 8, 2024 | 06:20 am

Sui has announced one of the potential breakthroughs in the Creator Economy. Sui has partnered with FanTV to power this initiative by leveraging the proceeds that enter their collective ecosystem. FanTV currently houses a community of more than 1.5 million members. Each benefit generated by Sui and FanTV shall be distributed among the members of …

Experts Predict a 30% Crash Dogecoin Price Crash – Crypto Whales Shift To Dogeverse

May 8, 2024 | 06:17 am

The post Experts Predict a 30% Crash Dogecoin Price Crash – Crypto Whales Shift To Dogeverse appeared first on Coinpedia Fintech News Crypto analysts have been largely bullish on Dogecoin ($DOGE), backing the top meme coin to start a major price rally. This projection hasn’t shifted in the long-term perspective. However, experts are now cautioning of a major Dogecoin price crash in the short term. With macroeconomic risks still at play, large-cap meme coins continue to show …

Chainlink CCIP Integration Expands Cross-Chain Capabilities for Index Coop on Ethereum and Arbitrum

May 8, 2024 | 06:14 am

Index Coop announces the integration of Chainlink CCIP to facilitate cross-chain transfers for the DPI and MVI index tokens. The decision to choose Chainlink CCIP stems from its proven track record and the provision of an extra layer of security. Decentralized Autonomous Organization (DAO) and the leading provider of on-chain products, Index Coop, has made [...]

CityPay.io Gains Tether Support to Unveil E-Wallet Solutions and Expand Crypto Payments

May 8, 2024 | 06:14 am

Tether aims to help CityPay.io establish 500,000 crypto payment points in Georgia, Armenia, and surrounding regions. This collaboration reflects Tether’s commitment to promoting cryptocurrency adoption in developing Eastern European economies. Tether Operations Limited is strengthening its role in Eastern Europe by increasing its investment in CityPay.io, a payment processing company operating primarily in Georgia. This [...]

Google AI Predicts Shiba Inu Price Will Reach $0.001, Dogecoin (DOGE) And ETFSwap (ETFS) To Cross $1

May 8, 2024 | 06:12 am

The post Google AI Predicts Shiba Inu Price Will Reach $0.001, Dogecoin (DOGE) And ETFSwap (ETFS) To Cross $1 appeared first on Coinpedia Fintech News Shiba Inu (SHIB), ETFSwap (ETFS), and Dogecoin (DOGE) have been predicted to reach new all-time highs this bullish season. Google’s Artificial Intelligence (AI) chatbot, Gemini has projected a massive increase for doggy-themed cryptocurrency, Shiba Inu (SHIB), while Dogecoin (DOGE) and ETFSwap (ETFS) are expected to surge above $1 in the near future. Although predictions in …

Has XRP Price Bottomed Out? Understanding the Recent Price Drop and Potential Recovery

May 8, 2024 | 06:11 am

The post Has XRP Price Bottomed Out? Understanding the Recent Price Drop and Potential Recovery appeared first on Coinpedia Fintech News Recent data reveals that XRP’s price dropped more than 14% since the start of the year due to the Ripple vs SEC lawsuit, suggesting a rebound. The market sees this event as an XRP’s bottom against Bitcoin. Here’s what it means. XRP Price Bottom Calling? XRP’s recent performance against Bitcoin (BTC) has been marked by …

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows

May 8, 2024 | 06:11 am

FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of creditors with […]

Ethereum (ETH) Shorts Surge as Grayscale Withdraws Ethereum ETF Application

May 8, 2024 | 06:06 am

TL;DR Short Positions Increase: Ether traders have ramped up their short positions, anticipating a price drop, especially after Grayscale Investments withdrew its Ethereum ETF application. The market is at a tipping point with $345 million in shorts at risk if ETH rises by 3%. Regulatory Uncertainty: The withdrawal of Grayscale’s ETF application has intensified doubts about Ether’s classification ... Read more

Ethena Labs boosts USDe token with Bybit integration

May 8, 2024 | 06:00 am

Ethena Labs, an artificial stablecoin startup, has incorporated Bybit for building on its USDe token as a collateral asset on the crypto exchange. Further backing of USDe will enable users to conduct trading perpetuals and generate yield on Ethena. It stands at $15.3%, and zero-fee trade on bitcoin and ether spot trading. Users of Bybit …

dogwifhat unable to cross $3.6: Will WIF’s price crash to $2.4?

May 8, 2024 | 06:00 am

WIF's month-long range extends from $2.24 to $3.56, but the memecoin's fortunes may turn soon.

Bankrupt Crypto Exchange FTX Lines Up $16 Billion To Repay Creditors

May 8, 2024 | 06:00 am

Bankrupt cryptocurrency exchange, FTX has unveiled a new repayment plan aimed at reimbursing creditors and customers in full and offering billions in the form of compensation for the time value of their investment. FTX To Reimburse Customers In Full In a press release on May 7, FTX disclosed that it would be repaying 98% of […]

Mode Network Started its 550 Million Token Airdrop Season

May 8, 2024 | 05:53 am

TL;DR Mode initiates the airdrop of its governance token. In the first phase, it will distribute 550 million tokens, equivalent to 5.5% of the total supply. The distribution will be based on points accumulated by users, granted for their active participation. Mode, a Layer 2 network developed on OP Stack, has announced the start of ... Read more

Why Buying XRP at $0.52 Could Make You Rich

May 8, 2024 | 05:41 am

The post Why Buying XRP at $0.52 Could Make You Rich appeared first on Coinpedia Fintech News Wall Street analyst Linda Jones has expressed her faith in XRP, stating that its current low valuation may be a unique opportunity for investors. She pointed out that once XRP gains bullish momentum, it will be impossible to return to the current low levels. Linda Jones’ Bullish Outlook on XRP In an X series of …

Stake ETH Like a Pro: StakingFarm Staking Guide

May 8, 2024 | 05:40 am

The post Stake ETH Like a Pro: StakingFarm Staking Guide appeared first on Coinpedia Fintech News ETH staking has become an increasingly popular way for cryptocurrency holders to earn passive income. In this guide, we will walk you through the process of staking ETH step by step, using StakingFarm, a leading platform for decentralized applications. Let’s dive in! What is ETH Staking? Before we get into the specifics of how to …

Primex integrates Squid for cross-chain token transfers

May 8, 2024 | 05:40 am

Primex has incorporated Squid, wherein users will be provided the option of shifting their tokens, selecting one amongst 60 backed EVM and Cosmos chains. This will be utilized in the protocol. Axelar is a Web3 interoperability blockchain linking and allowing cross-chain messaging amongst more than sixty EVM and Cosmos chains in the fashion of being …

Japanese exchange Coincheck set for Nasdaq listing through SPAC merger

May 8, 2024 | 05:40 am

Japanese exchange Coincheck is set to join Coinbase as one of the two publicly listed exchanges in the United States, according to a May 8 statement. The crypto trading platform expects to complete its listing on the Nasdaq via a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by the […] The post Japanese exchange Coincheck set for Nasdaq listing through SPAC merger appeared first on CryptoSlate.

Binance Coin (BNB) On the Verge Of Bullish Breakout: Analyst Eyes 40% Price Uptick

May 8, 2024 | 05:30 am

Binance Coin (BNB) is currently riding a wave of optimism, indicating a promising trajectory for further growth. In the past week alone, BNB has displayed impressive resilience, witnessing a significant surge of nearly 8% in its price. Over the last 30 days, while BNB experienced a marginal decline of 2%, it managed to maintain stability, […]

Cardano Update: ADA Faces Make-Or-Break Price Level For Bullish Revival

May 8, 2024 | 05:30 am

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the [...] The post Cardano Update: ADA Faces Make-Or-Break Price Level For Bullish Revival appeared first on Crypto Breaking News.

Standard Chartered estimates further upside for Bitcoin

May 8, 2024 | 05:25 am

Bitcoin is currently listed at $62,626.23, down by 1.45% in the last 24 hours. Despite the majority of the community anticipating a surge post-Bitcoin Halving, a long-awaited consolidation occurred. The ongoing phase of BTC has raised questions about its future predictions—for instance, if BTC will even break the trend for a new ATH or if …

Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations

May 8, 2024 | 05:24 am

As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3% over the last seven days. Bitcoin […]

FTX’s New Proposal Aims for Over 100% Return on Bankruptcy Claims for Creditors

May 8, 2024 | 05:21 am

TL;DR FTX has just unveiled a reorganization plan following its bankruptcy filing in November 2022. The strategy promises recovery of over 100% for non-governmental creditors, yet it has sparked mixed reactions. Creditors with claims below $50,000 could receive up to 118% recovery, while others may recover 100% plus a 9% interest. The exchange FTX has ... Read more

Leading Asian crypto info provider CoinNess launches English Live Feed with free API offer

May 8, 2024 | 05:13 am

Seoul, South Korea, May 8, 2024—CoinNess, one of the largest cryptocurrency investment information providers in Asia, today launched its English service with a Live Feed feature for global audiences. CoinNess’s Live Feed service provides real-time updates for investors in the blockchain and cryptocurrency industry. Founded in 2018, CoinNess has quickly established a strong presence, amassing [...]

SEC vs. Ripple XRP Lawsuit Verdict Looms: ‘The SEC Went Out with a Whimper Here’ Lawyer Says

May 8, 2024 | 04:59 am

TL;DR Legal Battle Intensifies: The SEC’s lawsuit against Ripple Labs is in the remedies phase, with the SEC seeking sanctions to prevent future violations, while Ripple challenges the SEC’s interpretations and proposed operational changes. Ripple’s Response: Ripple’s General Counsel criticizes the SEC’s tactics and remains hopeful for a favorable lawsuit outcome, as Ripple continues to ... Read more

Slash Vision Labs Offers Exclusive Alpha Opportunities With SVL Alpha-Base Launch

May 8, 2024 | 04:55 am

To expand its use cases, Slash Vision Labs has launched Alpha Base. The new product came following a partnership with leading Web3 firms. Slash Vision Labs (SVL) has announced the launch of Alpha-Base, designed to empower SVL token stakers with exclusive alpha opportunities. The Alpha-Base, a new initiative added to the SVL Portal, represents its [...]

P2P Monero (XMR) Trading Platform LocalMonero Ceases Operations After 7 Years. What Went Wrong?

May 8, 2024 | 04:54 am

TL;DR The closure of the P2P platform LocalMonero has been initiated, ending its operations after 7 years of service. New user registrations have been suspended, and advertisements were halted on May 7th. The deadline for withdrawing funds will be November 7, 2024. The well-known peer-to-peer (P2P) Monero trading platform, LocalMonero, has surprised the community by ... Read more

Tether partners with Swan to expand Bitcoin mining operations

May 8, 2024 | 04:50 am

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan. Swan’s Managed Bitcoin Mining allows institutional investors to commit a minimum of $100 million to the […] The post Tether partners with Swan to expand Bitcoin mining operations appeared first on CryptoSlate.

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 8, 2024 | 04:45 am

Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck […]

Whale Conviction Dwindling? Analytics Firm Looks at Accumulation Activity of Large Bitcoin Holders Following Dip

May 8, 2024 | 04:45 am

Analytics firm IntoTheBlock is issuing an alert, saying that deep-pocketed Bitcoin (BTC) investors are starting to flash signs of exhaustion. IntoTheBlock says on the social media platform X that Bitcoin whales have taken every opportunity since March of this year to load up on BTC whenever the crypto king pulls back. But the analytics firm […] The post Whale Conviction Dwindling? Analytics Firm Looks at Accumulation Activity of Large Bitcoin Holders Following Dip appeared first on The Daily Hodl.

TradeSta Unveils Non-Custodial Web3 Trading Platform

May 8, 2024 | 04:41 am

Ajeltake, Marshall Islands, May 7th, 2024, Chainwire TradeSta, a newly announced non-custodial Web3 trading platform, is set to redefine digital asset trading. Developed by industry veterans Kieron Cartledge and Hasan Zahr, TradeSta promises a secure, user-driven experience that prioritizes privacy and full control over personal assets. With over 10,000 people already signed up, the platform’s [...]

ChainGPT Pad launches Engines of Fury, bringing enhanced Web3 gaming experiences to mainstream players

May 8, 2024 | 04:34 am

As the worlds of gaming and Web3 converge, Engines of Fury empowers traditional gamers and crypto enthusiasts to explore a gaming landscape where players have more control over their gaming experience Dover, DE, USA, May8, 2024 — ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO [...]

Republicans beat up SEC’s Gary Gensler but can’t crimp ‘crypto’ crook crackdown

May 8, 2024 | 04:31 am

U.S. SEC Chair Gary Gensler came in for more bashing on Capitol Hill from Republicans, some of whom are planning a symbolic vote to bring him down. [...] Read More... The post Republicans beat up SEC’s Gary Gensler but can’t crimp ‘crypto’ crook crackdown appeared first on CoinGeek.

Near Protocol (NEAR) Is Poised for Surge: Analyst Eyes $14-15 Price Range

May 8, 2024 | 04:30 am

NEAR Protocol (NEAR) has recently captured the attention of cryptocurrency enthusiasts with its notable surge, hinting at a potential upward trajectory. NEAR has demonstrated remarkable strength within the past week, boasting an impressive surge of almost 19%. This surge reflects a growing confidence in the project’s underlying fundamentals and its positioning within the market. Additionally, the token has experienced […]

Analyst Sticks To Guns: Bitcoin Still Headed For $150,000

May 8, 2024 | 04:30 am

Tom Lee, co-founder of research firm Fundstrat, has ignited fresh bullish sentiment in the cryptocurrency world with his prediction of a Bitcoin price surge to $150,000 by the year’s end. Lee, a prominent Bitcoin advocate, remains confident despite a recent price dip and ongoing inflation concerns. Related Reading: Marathon Digital Mints Massive Market Cap Gain: […]

XRP poised for breakout: Analysts eye $1.68 mid-term target

May 8, 2024 | 04:25 am

XRP is estimated to touch $1.68 in mid-term, or maximum, by the end of this year, 2024. That would set the stage to retest the previous peak of $1.96, which occurred in April 2021. This comes as the cryptocurrency attempts to navigate its way out of the ongoing symmetrical triangle formation. Additionally, the negative MVRV …

Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April

May 8, 2024 | 04:22 am

North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were previously hosted at the Kearney and Granbury sites. The Halving Effect Hut […]

Susquehanna International Group Invests Over $1 Billion in Bitcoin ETFs

May 8, 2024 | 04:20 am

Quantitative trading firm Susquehanna International Group accumulated more than $1 billion worth of GBTC and other Bitcoin ETF shares during the first quarter of 2024. The surge in Bitcoin ETF investments by firms like Susquehanna highlights the increasing adoption of cryptocurrencies in traditional finance. The U.S. spot Bitcoin ETF witnessed a strong inflow during the [...]

Vitalik Buterin Proposes Game-Changing Security Boost for Ethereum: What You Need to Know

May 8, 2024 | 04:11 am

TL;DR Buterin’s Security Proposal: Vitalik Buterin suggests a new transaction type for Ethereum, enhancing security by separating contract code and transaction origin and simplifying interactions with minimal changes for developers. Advantages and Concerns: The proposal promises a unified code ecosystem and improved security, but raises centralization concerns due to reliance on managed code pieces. Pectra Upgrade Anticipation: ... Read more

Is Ethereum Poised For a 50% Price Rally? Trader Eyes Major Gains for Solana Rival

May 8, 2024 | 04:00 am

Ethereum’s transition to an energy-efficient proof-of-stake (PoS) consensus mechanism, dubbed Ethereum 2.0, is a significant key event. A change towards this goal will aim to improve scalability, security, and sustainability in addition to resource consumption reduction. While crypto traders simultaneously focus on the potential gains in Borroe Finance ($ROE), a Solana (SOL) rival. Ethereum’s Potential [...]

These 3 AI-based altcoins to outpace Bitcoin & Ethereum in 2024

May 8, 2024 | 04:00 am

Innovation is the middle name of the crypto market, and 2024 has certainly proven it. The year has been filled with unique projects, especially AI-based altcoins. Names like Fetch.ai, SingularityNET, Render, etc., are ruling the crypto industry. These AI-based altcoins are outperforming BTC, ETH, and XRP. Their AI capabilities and features are a major reason …

Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles

May 8, 2024 | 04:00 am

Quick Take Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low. However, the market has experienced several healthy corrections during this bullish trend. In March 2023, Bitcoin saw […] The post Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles appeared first on CryptoSlate.

$19,000,000 Meme Coin Whale Known for Catching 100x Plays Early Has Been Bagging This Solana-Based Meme Token in the Past 48 Hours

May 8, 2024 | 04:00 am

Within the ever-evolving landscape of cryptocurrency, where memes and digital assets collide, a new contender has emerged, captivating the attention of both enthusiasts and seasoned investors alike. This newcomer, known as Hump (HUMP), has garnered significant traction, especially with the recent revelation that a prominent figure in the crypto sphere,

Ripple v. SEC Briefs Are Finished as XRP Case Takes Unexpected Turn – Will the Good Prevail?

May 8, 2024 | 03:45 am

Ripple and the SEC conclude their briefs as the XRP lawsuit nears its pivotal moments, sparking debates on regulatory clarity and the future of digital assets. Ripple remains steadfast, arguing against the SEC’s accusations and expressing confidence in a favorable outcome. The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) [...]

OKX Ventures invests in Wild Forest, a pioneering Web3 RTS game

May 8, 2024 | 03:40 am

OKX, a well-known cryptocurrency exchange that has moved into venture capital through a subsidiary called OKX Ventures, has stepped in to back Wild Forest with a new investment. This Web3-enabled game is free and does not require a regular membership. It’s a real-time strategy game. OKX Ventures’ engagement in this initiative demonstrates the significance of …

Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble

May 8, 2024 | 03:31 am

The once-booming meme coin Pepe (PEPE) has hit a rough patch, experiencing a price drop of nearly 10% in the past 24 hours. This sudden downturn comes amidst a flurry of questions surrounding massive token withdrawals from a major exchange and the overall future of the meme-inspired cryptocurrency. PEPE Price Takes A Tumble Just a [...] The post Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble appeared first on Crypto Breaking News.

Grayscale’s Bitcoin ETF Logs 2nd Day of Net Inflows Since Launch

May 8, 2024 | 03:30 am

Grayscale Investments’ GBTC, the largest Bitcoin investment vehicle globally, appears to be displaying signs of renewed investor interest. After a prolonged period of outflows, GBTC recorded its second consecutive day of net inflows on May 6th, 2024, bringing in $4 million, according to SpotOnChain. This follows a more substantial inflow of $63 million on May […]

Grayscale Withdraws Ethereum Spot ETF Proposal Amid Regulatory Obstacles

May 8, 2024 | 03:30 am

In a shocking development, American-based cryptocurrency asset management giant Grayscale Investments has withdrawn its Ethereum Spot Exchange-Traded Fund (ETF) proposal with the United States Securities and Exchange Commission (SEC). This ruling is made against the backdrop of regulatory ambiguity that surrounds exchange-traded funds in the US that are based on digital assets. Grayscale Takes Back […]

SHIB Hits 7-Day Low: What Investors Need to Know Further?

May 8, 2024 | 03:30 am

Shiba Inu (SHIB) has been making waves, but recent days have seen a significant downturn, leaving investors on edge. The memecoin experienced a notable dump, hitting a 7-day low of $0.00002266, with a staggering 35% decrease in trading volume. Analyzing the technical indicators, the daily Relative Strength Index (RSI) stands

Wintermute to make provision for liquidity to OSL and HashKey

May 8, 2024 | 03:20 am

Wintermute, a crypto market maker, will provide liquidity to OSL and HashKey for spot Bitcoin and ether exchange-traded funds in Hong Kong. This will help the company to establish itself in the crypto space in Asia. As per Wintermute, the company intends to involve sub-custodians, OSL and HashKey, regarding Hong Kong’s spot crypto ETFs. According …

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

May 8, 2024 | 03:15 am

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.

KangaMoon Presale Heats Up With End in Sight– Stellar and GALA Battles for Dominance

May 8, 2024 | 03:09 am

The cryptocurrency market has been fluctuating a lot lately, so it is hard to say whether we have already seen the highest point of the post bitcoin halving season. In this article, we will discuss the three top crypto coins to invest in despite the current market dynamic– Stellar (XLM), KangaMoon (KANG), and Gala (GALA). [...]

Shiba Inu (SHIB) is now listed on Nexo’s DEX

May 8, 2024 | 03:00 am

Shiba Inu (SHIB) recently announced bagging a listing on the Nexo exchange. Shiba Inu, which was launched in 2020 as a meme coin, has since established a global community. Nexo also went to X to officially confirm the listing. The exchange talked about how Shiba Inu started as a dog meme only to develop the …

Grayscale Bitcoin ETF Outflows Resume as Inflows Streak Ends

May 8, 2024 | 02:54 am

Net outflows resumed on Tuesday, May 7, ending the Bitcoin ETF trend that had been going on for two consecutive days. Grayscale Bitcoin ETF GBTC saw a net outflow of $28.6 billion, while all US Bitcoin ETFs experienced a net outflow of $15.7 million, according to statistics from Farside Investors.

SEC Counters Terraform’s Claims of Fraud Outside US, Cites U.S. Activities

May 8, 2024 | 02:51 am

The SEC emphasized that Terraform’s arguments lack merit and misapply relevant laws and facts, indicating its intent to pursue legal action despite the defense’s stance. The SEC countered Terraform’s plea for reduced disgorgement in the civil case, where the firm was found liable by a jury. Lawyers representing the U.S. Securities and Exchange Commission (SEC) [...]

Ripple vs SEC: Impending Settlement and Appeals Signal Turning Point in XRP Lawsuit

May 8, 2024 | 02:47 am

The SEC challenges Ripple’s defense, arguing for injunctions to prevent future violations. Ripple asserts changes in behavior post-lawsuit and plans to restructure XRP sales. Significant developments have surfaced in the remedies stage in the ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) regarding the cryptocurrency XRP. The SEC [...]

Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes

May 8, 2024 | 02:34 am

Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […]

P2P Exchange LocalMonero Shuts Down Amid Ongoing Crackdown

May 8, 2024 | 02:31 am

Peer-to-peer trading platform for privacy coin Monero (XMR) has abruptly shut down, joining a slew of other recent closures and arrests involving crypto privacy. All new signups and ad posts for Monero trades have been blocked, as stated by LocalMonero on May 7, effective immediately. The trading of the privacy-focused

Bitcoin ETFs in the US see $15.7 million in outflows

May 8, 2024 | 02:30 am

Quick Take US Bitcoin ETFs saw an outflow of $15.7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.6 million in outflows. This takes GBTC’s total outflows to over $17.48 billion since the launch […] The post Bitcoin ETFs in the US see $15.7 million in outflows appeared first on CryptoSlate.

Vermont Passes Law Restricting Bitcoin ATMs, Sets One-Year Moratorium on New Machines

May 8, 2024 | 02:30 am

In a bold move to shield Vermonters from the perils of cryptocurrency-related scams, the state legislature has forwarded a groundbreaking bill to Governor Phil Scott’s desk. The proposed legislation, H.659, aims to impose stringent regulations on “Bitcoin ATMs” – cryptocurrency kiosks that allow for the quick exchange of cash for virtual currencies. The bill’s key […]

Monero’s largest P2P trading platform shuts down

May 8, 2024 | 02:18 am

LocalMonero is a peer-to-peer (P2P) trading platform for privacy-focused coin Monero (XMR). The platform is winding down, with the website set to shutter on November 7. LocalMonero, the largest peer-to-peer (P2P) trading platform for Monero (XMR), is shutting down. The P2P platform announced late Tuesday that it’s ending operations effective immediately, with new signups and ad […] The post Monero’s largest P2P trading platform shuts down appeared first on CoinJournal.

Investing in Innovation: Raboo’s Early Presale Success Outshines Internet Computer and Fetch.ai

May 8, 2024 | 02:15 am

In the rapidly evolving world of AI crypto, Raboo‘s presale is capturing attention with its cutting-edge technology and impressive early results. Currently in its third presale stage, Raboo has already attracted over 5,200 members and 1,800 token holders, with the RABT token priced at just $0.0042. Analysts are buzzing, predicting a 100x surge on launch [...]

CFTC Chair Says ‘Another Cycle of Enforcement Actions’ Coming As Crypto Enters New Phase of Asset Appreciation

May 8, 2024 | 02:15 am

The chairperson of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam is warning that the crypto industry is likely to face more headwinds from regulators over the coming months. Speaking at the 2024 Milken Institute Global Conference, the CFTC chair says that the crypto industry will “probably see in the next six to 18 […] The post CFTC Chair Says ‘Another Cycle of Enforcement Actions’ Coming As Crypto Enters New Phase of Asset Appreciation appeared first on The Daily Hodl.

FTX’s Bold Move: 98% of Creditors to Get 118% of Claims in Cash

May 8, 2024 | 02:03 am

FTX’s restructuring plan promises 98% of creditors will receive 118% of their claims in cash, post-court approval. The plan includes additional payments with up to 9% interest for certain creditors, backed by $14.5 to $16.3 billion in liquid assets. FTX.com reported a substantial deficit at its Chapter 11 bankruptcy filing in November 2022, holding far [...]

All about Revolut exchange and its latest crypto plans for U.K customers

May 8, 2024 | 02:00 am

Amidst rising cryptocurrency challenges, why is Revolut intensifying its crypto endeavors?

P2P digital currency ban looming in Nigeria as central bank halts fintech account opening

May 8, 2024 | 02:00 am

Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as a national security issue, a ban is imminent. [...] Read More... The post P2P digital currency ban looming in Nigeria as central bank halts fintech account opening appeared first on CoinGeek.

Shiba Inu whale dumps massive 2.15 million SHIB on Coinbase, price crash incoming?

May 8, 2024 | 02:00 am

The Shiba Inu ecosystem is in a frenzy as three days ago, an unidentified whale dumped massive amounts of tokens into Coinbase, a top-tier exchange platform. The staggering number of Shiba Inu (SHIB) tokens offloaded immediately caused bearish speculations to fly among the coin holders and the crypto market at large. Consequently, some SHIB holders …

Mega Dice Announces a $4k SOL Giveaway to Celebrate Major Presale Milestone

May 8, 2024 | 01:54 am

Mega Dice recently started a presale that hit milestone after milestone. While the presale did not blow up in the same sense as some of the most successful meme coin presales seen earlier this year, it still raised nearly $800k in only a few weeks and is ongoing. But, to celebrate the milestone of $700,000 […]

Argentine State-Owned Company Will Mine Bitcoin With Stranded Gas

May 8, 2024 | 01:44 am

Genesis Digital Assets Limited (GDA), a leading force in the global Bitcoin mining sector, has partnered with YPF Luz, a subsidiary of Argentina’s state-owned energy company YPF. Together, both partners have established a new Bitcoin mining facility that capitalizes on an innovative energy resource: stranded gas from oil fields. Argentina Will Mine Bitcoin This facility, […]

FTX’s bankruptcy plan offers over 100% recovery for creditors, faces mixed reactions

May 8, 2024 | 01:39 am

The bankrupt FTX estate has unveiled a new reorganization plan that promises substantial returns to its creditors. FTX creditors with claims below $50,000 would be eligible for a 118% recovery within 60 days of its approval by the Delaware bankruptcy court. Other non-governmental creditors would receive 100% of their claims plus up to 9% interest […] The post FTX’s bankruptcy plan offers over 100% recovery for creditors, faces mixed reactions appeared first on CryptoSlate.

Ethereum’s Legal Status Under Scrutiny: Hodl Law Challenges SEC on July 18

May 8, 2024 | 01:36 am

Last year, Hodl Law’s lawsuit against the US Securities and Exchange Commission (SEC) was dismissed for several reasons including the inability to demonstrate a direct controversy between the firm and the Commission. The latest report reveals that the law firm has challenged the dismissal decision with the oral arguments scheduled for July 18, 2024. The [...]

BlockDAG Accepts 10 More Payment Methods, Boosting 2025-2030 Price Forecasts, Surpassing TRON and AVAX Predictions

May 8, 2024 | 01:36 am

BlockDAG is revolutionizing the cryptocurrency market by introducing ten new payment methods and the upcoming beta release of its X1 app. This innovation positions BlockDAG to exceed the performance of well-known cryptocurrencies like Tron and Avalanche, promising an era of improved decentralized transactions. By focusing on user engagement and simplifying the process of buying BDAG […]

Solana Surges 19% in a Week: Analysts Eye $250 Amidst Renewed Optimism

May 8, 2024 | 01:30 am

Solana (SOL) is set to experience a significant upswing in its value as it rebounds rapidly from its recent market downturn. SOL has surged nearly 19% in the last week, which is impressive. Nevertheless, SOL’s one-month performance shows that it experienced some troubles during this period, dropping in value by approximately 15%. Despite this, SOL […]

Bitcoin Faces Rejection, Sinks to $62K

May 8, 2024 | 01:18 am

Bitcoin bulls encountered rejection at the key resistance level of $64.5K, subsequently retreating to $62K. Within the past 24-hour trading window, the price of BTC dropped by 2.3%, hitting a low of $62,111. Due to this decline, the global crypto market witnessed a 1.3% drop in market capitalization. Meanwhile, the

Binance Coin (BNB) Price Prediction 2024, 2025, 2026-2030

May 8, 2024 | 01:06 am

In this Binance Coin (BNB) price prediction 2024, 2025-2030, we will analyze the price patterns of BNB by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Binance Coin (BNB) Current Market Status What is Binance Coin (BNB)? Binance Coin (BNB)

Slash Vision Labs Unveils SVL Alpha-Base: A New Gateway to Exclusive Alpha Opportunities

May 8, 2024 | 01:03 am

Tokyo, Japan, May 8th, 2024, Chainwire Slash Vision Labs is thrilled to introduce SVL Alpha-Base (’Alpha-Base’), an innovative addition to the SVL Portal tailored to offer SVL token stakers exclusive alpha opportunities from our esteemed partner projects. Alpha-Base represents a significant leap forward in our mission to empower and engage our community. By partnering with […] The post Slash Vision Labs Unveils SVL Alpha-Base: A New Gateway to Exclusive Alpha Opportunities appeared first on CoinJournal.

Ethereum sees $30M inflows after weeks – This is the key reason why

May 8, 2024 | 01:00 am

The launch of the ETFs in Hong Kong and optimism around a U.S nod charged Ethereum's influx.

Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows

May 8, 2024 | 01:00 am

The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon. However, a recent analysis by market analyst Jonathan Carter suggests [...] The post Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows appeared first on Crypto Breaking News.

Inside Binance Nigeria Crisis: CEO Richard Teng Reveals Key Developments

May 8, 2024 | 00:45 am

In a candid disclosure, Binance CEO Richard Teng shattered weeks of quiet by detailing the distressing arrests of executives Tigran Gambaryan and Nadeem Anjarwalla in Nigeria. Both were promised safety in the country yet found themselves detained after crucial meetings. The post Inside Binance Nigeria Crisis: CEO Richard Teng Reveals Key Developments appeared first on CoinChapter.

Top Crypto News Of The Day: Bitcoin to $100K, Grayscale ETF Inflows, and More

May 8, 2024 | 00:38 am

Here is the top crypto news of the day curated by CoinChapter.com. The post Top Crypto News Of The Day: Bitcoin to $100K, Grayscale ETF Inflows, and More appeared first on CoinChapter.

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

May 8, 2024 | 00:37 am

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across [...]

XRP Price Prediction – Why 50-DSMA Is The Key To Fresh Surge

May 8, 2024 | 00:34 am

XRP is facing heavy resistance at $0.570. To attempt a fresh increase in the near term, the price must stay above the $0.5150 support zone. The post XRP Price Prediction – Why 50-DSMA Is The Key To Fresh Surge appeared first on CoinChapter.

Tradu Introduces New Crypto Exchange with Competitive Fees

May 8, 2024 | 00:31 am

Tradu, a multi-asset trading platform, has announced the launch of a new cryptocurrency exchange aimed at catering to active traders and investors seeking low, transparent fees. The platform, which is part of Stratos Group International, LLC, a subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), boasts a selection of over 40 coins, including popular options like Bitcoin and Ethereum.Fee Savings and Transparent PricingOne of Tradu's key selling points is its focus on transparency and cost-effectiveness in the cryptocurrency trading landscape. The platform claims to offer savings of up to 95% on fees compared to other exchanges, with a straightforward fee structure that is displayed to users before placing orders. Tradu charges a commission of 0.1%, with instant rebates available for larger trade sizes. In addition to its commission-based model, Tradu offers clients the option to trade on a commission-free profile, where fees are instead incorporated into the spread. Brendan Callan, CEO of Tradu, commented: “At Tradu, we are real supporters of crypto. It’s a huge market with significant investor interest and as a true multi-asset trading platform, it’s important for us to offer our clients access to both traditional assets and new digital assets. We are bringing institutional-grade pricing and infrastructure to the retail crypto market, providing traders with upfront costs and tight, transparent spreads enabling active traders and investors to maximise their returns.”Tradu Collaborates with dxFeed for Market Data AccessEarlier, dxFeed, a global financial data solutions firm, initiated an Infrastructure as a Service project for Tradu, as reported by Finance Magnates. This partnership positions dxFeed as the manager of critical infrastructure and data provision, allowing Tradu to focus on core business objectives. dxFeed's IaaS capabilities aim to address technical challenges in delivering market data, providing seamless access to data from major exchanges globally. With scalable low-latency infrastructure, dxFeed ensures consolidated market data delivery to clients across Asia, the Americas, and Europe, accommodating rapid reconfiguration to meet performance demands. This article was written by Tareq Sikder at www.financemagnates.com.

Cardano At Crossroads As $1 Looms: Analysts Warn of Bearish Signals

May 8, 2024 | 00:30 am

Cardano (ADA) traders are on high alert as the cryptocurrency sits precariously at a critical level, ready to make or break their gains. According to analyst Trend Rider, ADA is currently resting on a pivotal price level that investors could interpret as positive or negative. The weekly report shows ADA hovering around key support with […]

Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users

May 8, 2024 | 00:29 am

The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others are intentionally avoiding payment. Australian Tax Office Targets 1.2 Million Cryptocurrency Users The Australian […]

Grayscale Withdraws 19b-4 Filing for Ethereum Futures ETF, Shifts Focus to XRP

May 8, 2024 | 00:27 am

Grayscale Investments unexpectedly withdrew its application for an Ethereum Futures ETF just weeks before the SEC's decision deadline. The surprise withdrawal signals a potential shift in strategy, with Grayscale now seemingly focused on pursuing an XRP ETF. The post Grayscale Withdraws 19b-4 Filing for Ethereum Futures ETF, Shifts Focus to XRP appeared first on CoinChapter.

OpenSea Shows Steep Decline in ETH NFT Trading Volume, Why?

May 8, 2024 | 00:21 am

OpenSea, the leading NFT marketplace, has experienced a significant downturn, in trading volume for Ethereum-based NFTs. Recent data reveals that the platform has an average daily volume of approximately 600 ETH, marking its lowest point since May 2021, predating the onset of the original NFT bull market. OpenSea is doing

Fundstrat’s Tom Lee Doubles Down on Big Bitcoin Prediction, Says Risk-Reward for Stock Market Still Pretty Good

May 8, 2024 | 00:04 am

The chief executive of market insights platform Fundstrat is reiterating that Bitcoin (BTC) will still post massive gains this year despite its choppy price action in the last six weeks. In a new CNBC interview, Tom Lee says Bitcoin’s bull market cycle is far from over. According to Lee, Bitcoin and other asset classes have […] The post Fundstrat’s Tom Lee Doubles Down on Big Bitcoin Prediction, Says Risk-Reward for Stock Market Still Pretty Good appeared first on The Daily Hodl.

Here’s When Solana Can Reclaim Its All-Time High of $250

May 8, 2024 | 00:02 am

Solana has become a standout in the cryptocurrency world, particularly during this bull season. Known for its wide adoption and robust blockchain network, SOL has seen remarkable highs, reaching up to $250 earlier. Despite a recent pullback, with the price hovering around $150, its resilience is noteworthy. Investors and enthusiasts are keeping a keen eye on its movements, anticipating another significant rise. The post Here’s When Solana Can Reclaim Its All-Time High of $250 appeared first on CoinChapter.

3 SOL-Based Meme Coins to Keep an Eye On as Volume Inflows into Solana Rise

May 8, 2024 | 00:00 am

A thriving meme coin community has been fostered inside the ecosystem of Solana, a high-speed blockchain that is well-known for its low transaction fees, thanks to its rising popularity. These meme coins, which are frequently based on online jokes and pop culture allusions, have experienced phenomenal growth and have fervent

Why Polygon and MATIC’s loss is LINK’s gain after it surges 10%

May 8, 2024 | 00:00 am

LINK's exchange reserve chart signals accumulation while MATIC investors seem to be selling.

Gate2Chain to provide enterprises, governments with data integrity management

May 8, 2024 | 00:00 am

In 2023, Gate2Chain unveiled its Trace platform, and a year has passed with the company making a great deal of progress with Trace, which is all set to be revealed at the London Blockchain Conference 2024. [...] Read More... The post Gate2Chain to provide enterprises, governments with data integrity management appeared first on CoinGeek.

Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase

May 7, 2024 | 23:50 pm

Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter [...] The post Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase appeared first on Crypto Breaking News.

Solana (SOL) Price Prediction 2024, 2025, 2026-2030

May 7, 2024 | 23:48 pm

In this Solana (SOL) price prediction 2024, 2025, 2026-2030, we will analyze the price patterns of SOL by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Solana (SOL) Current Market Status What is Solana (SOL)? Solana (SOL) 24H Technicals SOLANA

Earn Using BetFury Crypto Loans With the Lowest Interest Rate

May 7, 2024 | 23:45 pm

BetFury is the 1st iGaming platform that launched competitive Crypto Loans, expanding its crypto ecosystem. […]

Are competitive gaming dynamics shifting with the crypto boom?

May 7, 2024 | 23:45 pm

Esports, also known as competitive gaming, traces its roots back to the early 1970s, when small-scale tournaments, like the one at Stanford University in October 1972, attracted around 20 researchers and students. Fast forward to 2022, and the global esports industry boasts an estimated revenue surpassing $947 million, drawing in over 200 million viewers worldwide. …

Earning $1000 Daily at Home Using a Cryptocurrency Mining Platform (Passive Income)

May 7, 2024 | 23:38 pm

Over the years, more and more people are seeking easy ways to generate passive income from home, and cloud mining is becoming an extremely popular option. In this article, we’ll examine why the Inccrypto cloud mining platform may be a reliable option for those looking to make money online in 2024. What is Cloud Mining? [...]

Ethereum Rebounds Above $3k Amid Regulatory Uncertainty: Analysts Eye Breakout To $15,000

May 7, 2024 | 23:30 pm

According to the recent X post from Santiment, over the weekend, Ethereum had an amazing comeback when it surpassed the $3,200 mark. Along with incredible recovery, the second most valuable digital currency in terms of market capitalization experienced an increased network activity. On May 4th, 2024, Ethereum experienced a surge in network growth, with an […]

Can Monero faucets provide a sustainable method for earning free crypto?

May 7, 2024 | 23:20 pm

Monero Faucets works on offering a little payment in return for performing easy activities or clearing captchas. These tasks are simple, like playing games. The goal of Monero faucets is to expose people to cryptocurrency by giving them a small amount for free, allowing them to experiment with it without committing any money beforehand. The …

US Sanctions Lockbit Leader in Ransomware Crackdown

May 7, 2024 | 23:19 pm

On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […]

Penguiana Presale Gains Momentum As Investors Flock from Other Solana Meme Coins

May 7, 2024 | 23:03 pm

As the spotlight begins to shift from long-standing Solana meme projects like Slothana & Book of Meme to newer, dynamic, and more innovative projects like Penguiana. Among these, Penguiana stands out, getting its chance to shine. inspired by the playful charm of penguins, and is quickly becoming the next major

Assessing Bitcoin ETFs’ future as Grayscale GBTC sees new inflows

May 7, 2024 | 23:00 pm

U.S. Bitcoin ETFs slightly recovered after last week’s $156 million bleed-out.

Introducing YFX V4, The Optimal Solution for Decentralized Perpetual Protocol

May 7, 2024 | 23:00 pm

The current decentralized perpetual protocols are mainly divided into 4 modes: The PvPool mode adopted by GMX, YFX, gTrade, etc., the centralized order book trading with the decentralized margin mode like Dydx, Apex, Pancake, the leveraged token trading mode of Uniswap by Perpetual Protocol, and the mode of developing a separate public chain dedicated for […] The post Introducing YFX V4, The Optimal Solution for Decentralized Perpetual Protocol appeared first on CoinChapter.

SEC Takes Another Stab At Ripple In Its Final Brief: Details

May 7, 2024 | 23:00 pm

The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling. SEC Files Final Brief As Decision Day Looms For […]

BlockDAG development update ignites peer-to-peer breakthrough: Excitement builds with the anticipated beta launch of the X1 miner app

May 7, 2024 | 23:00 pm

BlockDAG’s development update marks a significant step forward, incorporating cutting-edge libP2P technology to enhance peer-to-peer interactions across Blockchain networks. This release is part of a series aimed at giving crypto enthusiasts a transparent look into BlockDAG technological advancements. With the X1 miner app poised to boost user adoption and the presale generating over $23.6 million …

Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims

May 7, 2024 | 22:50 pm

Bankrupt cryptocurrency exchange FTX plans to repay 98 percent of its creditors up to 118 percent of their claims in cash, an announcement yesterday (Tuesday) detailed. Only creditors with $50,000 or less in claims will be eligible to receive the claims under this plan, which is expected to be fulfilled within 60 days of court approval.Under the plan, all non-governmental creditors will also receive their claims in full, along with a 9 percent interest to be calculated from the date of the bankruptcy filing. According to the exchange, it will fulfill “the time value of their investments.”Joy for FTX Creditors“We are pleased to be in a position to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” John Ray III, CEO and Chief Restructuring Officer of FTX, said in a statement.The distribution plan came 17 months after the crypto exchange filed for bankruptcy. At the time of the bankruptcy filing, Bitcoin was trading at about $16,000, but it recently peaked at above $72,000. FTX was holding a significant stash of cryptocurrencies.“As previously disclosed, FTX.com had a massive shortfall at the time of the Chapter 11 filing in November 2022 — holding only 0.1% of the Bitcoin and only 1.2% of the Ethereum customers believed it held,” the exchange noted. “The Debtors have not been able to benefit from the appreciation of these missing tokens during the Chapter 11 cases.”Don’t know what Netflix paid for this Tom Brady Roast, but him getting roasted on FTX — with a side jab at Gronk — was worth it pic.twitter.com/Y0N0lorfgQ— Trung Phan (@TrungTPhan) May 6, 2024The bankruptcy exchange further highlighted that, according to its forecasts, it will have between $14.5 and $16.3 billion available for distribution.“FTX has achieved this recovery level by monetizing an extraordinarily diverse collection of assets, most of which were proprietary investments held by the Alameda or FTX Ventures businesses, or litigation claims,” the announcement added.The Compromise of Government AgenciesThe condition of FTX looked grim when the company filed for bankruptcy. However, a proposed payout earlier estimated that the creditors would receive about 90 percent of their claims. Those figures were revised by the CEO Ray last January, revealing the plans to repay the customers in full.The exchange was pushed to file for bankruptcy in November 2022 as it had an $8 billion hole in its books.The latest reorganization would also see the settlement of claims with regulators and government agencies. The Internal Revenue Service (IRS), which has a claim of $24 billion, would receive $200 million in cash payment and a $685 million subordinated claim, which it will receive after the payout to all creditors and other governmental entities.The Commodity Futures Trading Commission (CFTC) and other governmental claimants also agreed to subordinate their claims until the claim is paid to the FTX customers and other creditors. This article was written by Arnab Shome at www.financemagnates.com.

Bitcoin Lightning Network Infrastructure Provider Mash Is Shutting Down Its Current Version

May 7, 2024 | 22:45 pm

In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $6 million seed round in June 2022 to build out its usage-based revenue model for content creators. All products and services will cease to function […]

Dogecoin surge stalls as traders switch attention to new Dogeverse meme coin ICO

May 7, 2024 | 22:40 pm

The meme coin frenzy continues to capture investors’ and enthusiasts’ attention with investment opportunities. Since this market is dynamic, the spotlight swiftly changes from one meme crypto to another to capitalize on their potential future pumps. Dogecoin, the market’s top dog, has faced recent stalls in its surges and has left traders looking for new …

Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms

May 7, 2024 | 22:31 pm

The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by P2P cryptocurrency traders. P2P Crypto Transactions Ban The Nigerian Securities and Exchange […]

Bitcoin’s New Horizon: Miners Gain More From Transaction Fees

May 7, 2024 | 22:30 pm

The CEO of CryptoQuant, Ki Young Ju, indicated a major change in the Bitcoin environment, which mostly affects miners and their profitability. Based on the latest data posted in a recent X post, the wave of build applications on Bitcoin network is changing the economic model for miners. Before, the majority of the miners’ income […]

DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction?

May 7, 2024 | 22:30 pm

Polkadot (DOT) is correcting gains from the $7.5 resistance against the US Dollar. The price could start another increase if it stays above the $6.75 support. DOT gained pace and tested the $7.5 resistance level against the US Dollar. The price is trading above the $7.00 zone and the 100 simple moving average (4 hours). [...] The post DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction? appeared first on Crypto Breaking News.

Cardano Expansion: EMURGO Collaborates with GSR to Conquer Billion-Dollar Market – Can ADA Price Hit $0,50?

May 7, 2024 | 22:20 pm

EMURGO forms a strategic alliance with GSR to enhance liquidity and market-making within the Cardano blockchain. The partnership aims to foster educational and investment initiatives, supporting an expansive future for Cardano. In line with a previous CNF post on EMURGO and Huawei Cloud: Pioneering Web3 Solutions on the Cardano Blockchain, EMURGO has now announced a [...]

Elon Musk Meets President Milei, Reccomends to Invest in Argentina

May 7, 2024 | 22:10 pm

Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […]

Solana regains 10% as new Solana-based meme coin enters presale

May 7, 2024 | 22:04 pm

Solana hit $137 in a massive recovery after the news that Zeus Networks plans on creating a Solana-Bitcoin bridge. The ambitious project has managed to break Solana’s losing streak, which saw its market cap decline from $1.63 billion on April 22 to $1.35 billion yesterday. However, many experts agree that the upcoming cross-chain feature is …

Bitcoin’s price: Is THIS the sign of a true bull run, or is it just a trap?

May 7, 2024 | 22:00 pm

Bitcoin's 200-day MA hits record highs, indicating a potentially bullish long-term market trend.

RAIR Technologies launches RAIRprotocol – Open source infrastructure for enterprise dApp development

May 7, 2024 | 22:00 pm

RAIR Technologies today announced the launch of RAIRprotocol, a fully open-source dApp protocol layer. RAIRprotocol enables the creation of scalable dApps through an open token licensing model. Smart Account, Marketplace, DRM, & NFT infrastructure all in one place. RAIRprotocol offers out-of-the-box partnerships with Alchemy and Web3Auth, as well as integrations for Filebase, Google Cloud, Hashicorp, MongoDB Atlas, […] The post RAIR Technologies launches RAIRprotocol – Open source infrastructure for enterprise dApp development appeared first on CoinChapter.

Philippines, ADB collaborate to pioneer digitally tracked green bonds

May 7, 2024 | 22:00 pm

The tie-up between gov't agencies and the ADB is geared toward supporting the country in fostering a sustainable capital market, with DTGBs eyed as a starting point to achieve this. [...] Read More... The post Philippines, ADB collaborate to pioneer digitally tracked green bonds appeared first on CoinGeek.

South Korea to Approve Spot Bitcoin ETF in June in Billion-Dollar Market – $80,000 Next?

May 7, 2024 | 21:57 pm

South Korea is on the brink of introducing Asia’s first spot Bitcoin ETF, potentially revolutionizing the cryptocurrency market. Speculations arise on Bitcoin’s price potentially hitting the $80,000 mark with the new ETF approval. In line with recent updates by CNF, South Korea is paving the way for Asia’s first spot Bitcoin ETF following a key [...]

Robinhood Faces SEC Scrutiny Over Crypto Offerings: Regulatory Uncertainty Looms

May 7, 2024 | 21:37 pm

Robinhood, the popular brokerage platform, is under scrutiny from the U.S. Securities and Exchange Commission (SEC) for alleged securities law breaches. Despite maintaining that its crypto trading offerings don’t fall under securities, Robinhood’s recent developments have implications for market movement in May, as reported by Santiment. On May 4, Robinhood received a Wells Notice from […]

Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How

May 7, 2024 | 21:16 pm

Ethereum price is correcting gains from the $3,220 resistance. ETH could start a fresh increase if it clears the $3,055 and $3,080 resistance levels. Ethereum started a fresh decline after it faced resistance near $3,220. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,055 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $3,000 support to start another increase toward $3,220. Ethereum Price Revisits $3K Ethereum price faced resistance at $3,220 and started a downside correction, like Bitcoin. ETH declined below the $3,120 and $3,080 levels. It even tested the $3,000 support. A low was formed at $3,005 and the price is now consolidating losses. Ethereum is trading below $3,100 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,050 level or the 23.6% Fib retracement level of the recent drop from the $3,217 swing high to the $3,005 low. There is also a key bearish trend line forming with resistance at $3,055 on the hourly chart of ETH/USD. The first major resistance is near the $3,080 level or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,120 or the 61.8% Fib retracement level of the recent drop from the $3,217 swing high to the $3,005 low, above which the price might gain traction and rise toward the $3,200 level. If there is a clear move above the $3,200 level, the price might rise and test the $3,350 resistance. Any more gains could send Ether toward the $3,500 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,055 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,950 zone. The next support is near the $2,920 level. A clear move below the $2,920 support might push the price toward $2,840. Any more losses might send the price toward the $2,720 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,000 Major Resistance Level – $3,080

MATIC down 21% in April: Can 115K Polygon whales turn the tide in May?

May 7, 2024 | 21:00 pm

MATIC whales fail to move the needle as the altcoin’s value continues to decline.

Bitcoin Price Dips Again, Is This A Fresh Bearish Signal?

May 7, 2024 | 20:24 pm

Bitcoin price failed to clear the $65,500 resistance. BTC is now moving lower and there are a few bearish signs emerging below the $63,500 level. Bitcoin started a fresh downside correction and traded below $63,500. The price is trading below $63,350 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support at $63,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the $60,000 support zone in the near term. Bitcoin Price Rejects $65,500 Bitcoin price extended its increase above the $64,500 level. However, BTC struggled to clear the $65,500 resistance zone. A high was formed at $65,550 and the price is now correcting gains. There was a move below the $64,000 level. The price declined below the 23.6% Fib retracement level of the upward wave from the $56,380 swing low to the $65,550 high. Besides, there was a break below a major bullish trend line with support at $63,700 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. Immediate resistance is near the $63,350 level. The first major resistance could be $64,000. The next key resistance could be $65,000. Source: BTCUSD on TradingView.com The main hurdle is now at $65,500. A clear move above the $65,500 resistance might send the price higher. The next resistance now sits at $66,650. If there is a close above the $66,650 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $68,000. More Losses In BTC? If Bitcoin fails to climb above the $63,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,000 level. The first major support is $61,000 or the 50% Fib retracement level of the upward wave from the $56,380 swing low to the $65,550 high. If there is a close below $61,000, the price could start to drop toward $60,000. Any more losses might send the price toward the $58,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,000, followed by $60,000. Major Resistance Levels – $63,500, $64,000, and $65,500.

Bitcoin Price Dips Again, Is This A Fresh Bearish Signal?

May 7, 2024 | 20:24 pm

Bitcoin price failed to clear the $65,500 resistance. BTC is now moving lower and there are a few bearish signs emerging below the $63,500 level. Bitcoin started a fresh downside correction and traded below $63,500. The price is trading below $63,350 and the 100 hourly Simple moving average. There was a break below a major [...] The post Bitcoin Price Dips Again, Is This A Fresh Bearish Signal? appeared first on Crypto Breaking News.

Japan: Researchers propose solution for flexible control of IoT devices

May 7, 2024 | 20:00 pm

The proposed solution has various abilities to control IoT devices, including halting the spread of cyberattacks and allowing authorities to remotely shut down hard-to-reach equipment. [...] Read More... The post Japan: Researchers propose solution for flexible control of IoT devices appeared first on CoinGeek.

DeFi tokens UNI, MKR lose lucky break: What’s going on?

May 7, 2024 | 20:00 pm

Declining volumes affect UNI and MKR's prices. Will the tokens recover anytime soon?

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

May 7, 2024 | 19:30 pm

In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%. With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing only Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether’s USDT stablecoin. Despite its substantial growth, asset management giant and Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton anticipates further expansion for Solana as the emerging bull market takes shape. Solana Poised For Continued Growth A recent report released by the firm highlights Solana’s strong position to capture the next wave of crypto adoption, solidifying itself as a major crypto asset alongside Bitcoin and Ethereum. Related Reading: Here’s How This Ethereum Whale Made $16 Million From A Single Trade The report emphasizes that Solana’s growth will continue due to several key factors. Notably, the crypto industry witnessed accelerated activity during Q4 2023, with Solana as a focal point for major airdrops within its ecosystem, such as Jito and Pyth. According to the report, these airdrops generated a wealth effect of over a billion dollars, driving up the value of SOL and other Solana ecosystem tokens, particularly meme coins. This surge occurred concurrently with Bitcoin’s upward trend, providing additional momentum to the Solana ecosystem. Since then, meme coins have gained significant attention, with a substantial portion of activity occurring on Solana. The network has witnessed the creation and trading of numerous meme coins, with some attaining multi-billion-dollar market caps, including Bonk (BONK) and Dogwifhat (WIF). The Crypto Industry’s Next Big Breakthrough? According to the asset manager, Solana has demonstrated significant growth over the past year, which is evident in the network’s increased total fees and decentralized exchange (DEX) volumes. The network’s low fees, transaction latency, and high data throughput relative to other networks have contributed to its success. Solana’s network effects are expected to strengthen further as its performance improves, positioning it to capture upcoming trends in the crypto space. Related Reading: Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off The future remains uncertain as crypto enthusiasts ponder the next big thing in the industry. However, Franklin Templeton suggests that there is a strong possibility that Solana could play a pivotal role. According to the report, the Solana ecosystem anticipates additional airdrops in the coming months, which will continue to enhance the ecosystem’s wealth effect. Moreover, meme coin activity shows no signs of slowing down on the Solana network, further adding to the bullish sentiment surrounding the cryptocurrency and its ecosystem. SOL is now attempting to consolidate above the $150 level and has seen a significant 21% increase in the last seven days alone. Featured image from Shutterstock, chart from TradingView.com

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

May 7, 2024 | 19:30 pm

In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%. With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing [...] The post Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto appeared first on Crypto Breaking News.

WAVES Double Bottom Could Spark a Rally to $3.40?

May 7, 2024 | 19:22 pm

NAIROBI (Coinchapter.com) – WAVES exhibits a double bottom pattern on its daily trading chart, suggesting a possible trend reversal. The price of WAVES today stands at $2.39, marking a slight decrease of 2.15% over the last 24 hours, yet up 15.30% from its weekly low of $2.07. According to the 1-day chart analysis, Waves has […] The post WAVES Double Bottom Could Spark a Rally to $3.40? appeared first on CoinChapter.

Bill Gates and Warren Buffett Debated Bitcoin: Here’s a Recap

May 7, 2024 | 19:07 pm

NAIROBI (Coinchapter.com) – In May 2018, billionaires Bill Gates and Warren Buffett engaged in a heated debate over the merits of Bitcoin. The clash occurred during an interview on CNBC’s Squawk Box, where Buffett referred to the cryptocurrency as a “non-productive asset.” He argued against investing in Bitcoin, likening it to a bad gamble where […] The post Bill Gates and Warren Buffett Debated Bitcoin: Here’s a Recap appeared first on CoinChapter.

Crypto Heist Funds On The Move: Poloniex Hacker Transfers $3.4 Million To Tornado Cash

May 7, 2024 | 19:00 pm

Reports unveiled that part of the stolen funds from crypto exchange Poloniex have been moved for the first time. After six months, one of the identified accounts where the exploit proceedings were sent in November 2023 transferred $3.5 million to a crypto mixer. Related Reading: Dark Bling: Heir To Jewelry Giant Cartier Indicted In Cocaine […]

‘What has Bitcoin ever done for mankind?’ – BTC’s lull irks investors

May 7, 2024 | 19:00 pm

Is Bitcoin's recent performance hinting at an upcoming bull run? Here's what the investors need to know.

STA Token Scam: Rumors Of Gurtej Singh Sidhu’s Release

May 7, 2024 | 18:46 pm

Rumors of STA token founder Gurtej Singh Sidhu getting released from jail are doing the rounds on social media. The post STA Token Scam: Rumors Of Gurtej Singh Sidhu’s Release appeared first on CoinChapter.

Shiba Inu’s Bullish Cues Could Set Up A 330% Price Target

May 7, 2024 | 18:17 pm

NOIDA (CoinChapter.com) — Shiba Inu’s bullish cues could spell a 330% price target for Shiba Inu (SHIB) prices. If traders play their cards right, SHIB price action could help them net impressive gains. According to blockchain data provider IntoTheBlock, 327,200 addresses have acquired 110.27 trillion SHIB between $0.000026 and $0.000051, with a break-even point close […] The post Shiba Inu’s Bullish Cues Could Set Up A 330% Price Target appeared first on CoinChapter.

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September

May 7, 2024 | 18:00 pm

The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a “substantial price rally” in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Related Reading: Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry experts highlights a significant trend in Bitcoin options that points to growing optimism among traders. According to insights from QCP Capital, a noticeable shift has occurred in the risk reversals landscape, with calls (options to buy) now priced higher than puts (options to sell). QCP Capital noted that this change underscores a “stronger demand” for potential price increases rather than hedges against declines. The preference for call options, particularly those pegged at ambitious strike prices of $75,000 and $100,000 for September, underscores the bullish sentiment permeating through the market. Data from the Deribit derivatives exchange corroborates this trend, revealing that call options with a strike price of $110,000 for the end of September are currently seeing the highest volume. This enthusiasm in the options market is a strong indicator of the traders’ bullish outlook for Bitcoin, suggesting that many are betting on a significant price uptick by the end of the third quarter. However, the skies are not clear. Bitfinex analysts have pointed out actions by Bitcoin whales that might signal potential short-term volatility. The whale ratio on exchanges—a metric indicating the amount of Bitcoin large holders are moving to exchanges—has seen an uptick. This could typically suggest that these major players are considering selling, which could introduce increased sell pressure in the market. Bitfinex’s recent Alpha report revealed that while the short-term holders of Bitcoin seem to be at a pivot point with a realized price of $58,700 acting as an “important support level,” the increased activity by whales on exchanges might lead to heightened price fluctuations. Long-Term Perspectives And Market Recoveries Despite these potential short-term pressures, the broader Bitcoin market has shown signs of recovery. After a drop from its peak above $73,000 in March, Bitcoin has demonstrated resilience with a 5.8% increase over the past week and a 2.8% rise in the last 24 hours alone. This recovery has brought its trading price to around $63,791 at the time of writing. Adding to the long-term confidence in Bitcoin, Michael Saylor of MicroStrategy shared his views on the future catalysts for Bitcoin’s price. In his perspective, regulatory decisions, particularly those rejecting spot exchange-traded funds (ETF) applications for other cryptocurrencies, will further solidify Bitcoin’s standing as an unmatched digital asset. Saylor disclosed that this regulatory moat could potentially steer more institutional investments towards Bitcoin, as it remains the ‘steel’ of the cryptocurrency world—unparalleled and indispensable. Featured image from Unsplash, Chart from TradingView

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September

May 7, 2024 | 18:00 pm

The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a “substantial price rally” in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry [...] The post Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September appeared first on Crypto Breaking News.

SEC Chair Gensler: Crypto Represents ‘Outsized’ Share Of Scams And Fraud In Overall Markets

May 7, 2024 | 18:00 pm

In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his concerns regarding the crypto industry, emphasizing its alleged association with scams, fraud, and compliance issues within the broader market. Compliance With Securities Laws In Crypto Gensler began by acknowledging that while cryptocurrencies constitute a relatively small segment of the […]

Will Bitcoin’s 1B transaction record give BTC the push it needs?

May 7, 2024 | 18:00 pm

Even though Bitcoin's transaction count was high, the volume fell compared to March's local peak.

NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing

May 7, 2024 | 17:33 pm

The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs. Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule change through which it intended to list and trade shares of Grayscale’s Ethereum Futures Trust ETF. NYSE Arca withdrew the proposal on May 3, […] The post NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing appeared first on CryptoSlate.

Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

May 7, 2024 | 17:00 pm

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024. According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics and market capitalization. FTM Market Cap Soars 101% QoQ By the numbers, FTM’s circulating market capitalization saw a substantial 101% quarter-over-quarter (QoQ) increase, jumping from $1.3 billion to $2.6 billion, vaulting it up ten spots to 48th among all tokens (currently 58th). The token’s rally extended for two consecutive quarters, resulting in a fourfold increase since the end of Q3 2023. Related Reading: Here’s How This Ethereum Whale Made $16 Million From A Single Trade Although Fantom experienced a decrease of 53% QoQ in revenue measured in FTM, amounting to 1.8 million FTM, revenue denominated in USD exhibited a 4% QoQ increase, reaching $1.2 million. According to Messari, the revenue decline was primarily due to reduced inscription activity across all smart contract platforms in Q1. Despite this, Fantom maintained an upward trend in average daily transactions, excluding inscription-related activity, surpassing the Q3 average and reaching 247,000 daily transactions. Daily active addresses also rebounded, rising by 24% QoQ to 40,500. In Q1, the staking requirement for Fantom validators was significantly reduced from 500,000 FTM to 50,000 FTM, aiming to increase accessibility. However, the number of active validators remained unchanged at 55. Notably, the total amount of FTM staked increased by 17% QoQ, from 1.1 billion to 1.3 billion FTM, resulting in a 135% QoQ surge in the total dollar value of staked FTM, reaching $1.2 billion. Among proof-of-stake (PoS) networks, Fantom ranked 22nd in the dollar value of funds staked by the end of Q1. Memecoin Mania Boosts Fantom On-Chain Activity During the year’s first quarter, Total Value Locked (TVL) denominated in USD experienced a substantial 59% QoQ increase, rising from $810.8 million in Q4 to $1.28 billion. Conversely, TVL-denominated in FTM decreased by 21% QoQ, indicating that the surge in USD-denominated TVL was partly attributed to FTM’s price appreciation. Fantom’s average daily decentralized exchange (DEX) volume surged by 64% QoQ, from $10.2 million to nearly $176.8 million. In Q1, the “Memecoin Mania” trend contributed to elevated on-chain activity across various networks, including Fantom. Fantom’s monthly DEX volume surpassed $1 billion in March, marking the first time since March 2023. The number of DEXs on Fantom increased to 31 by the end of Q1, with no single DEX dominating more than 30% of the market share. Related Reading: Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off Lastly, following an exploit in the Multichain: Fantom Bridge, which affected stablecoins on Fantom in Q3 2023, the Fantom Foundation took steps to increase the liquidity of stablecoins. As of Q1 2024, two independent third-party bridging solutions, Axelar (axlUSDC and axlUSDT) and LayerZero (lzUSDC and lzUSDT), have emerged. USDC remains the predominant stablecoin on Fantom, accounting for 98% of the stablecoin market cap. USDT also experienced considerable growth, with an 86% QoQ increase. The FTM token is currently trading at $0.7037, reflecting an 8.7% increase in price over the past seven days. However, it has experienced a decline of nearly 20% in the monthly time frame. Featured image from Shutterstock, chart from TradingView.com

Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

May 7, 2024 | 17:00 pm

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024. According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...] The post Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics appeared first on Crypto Breaking News.

Shiba Inu Whale Moves 1.7 Trillion SHIB As Price Struggles, Where Are They Headed?

May 7, 2024 | 17:00 pm

The crypto community’s attention has been drawn to a Shiba Inu whale that recently moved trillions of the meme coin. Given the magnitude of these transactions, community members have sought to discover where these tokens were transferred and the motive behind them. Shiba Inu Whale Moves 1.7 Trillion SHIB On-chain data shows that the whale […]

‘Last Dip Ever’ – Analyst Predicts Solana Rally, Says Three Memecoins Will Surge Alongside SOL

May 7, 2024 | 17:00 pm

A closely followed crypto trader believes that Solana (SOL) just witnessed its last major correction for this market cycle. Pseudonymous analyst Inmortal tells his 213,300 followers on the social media platform X that SOL bulls successfully defended support at around $120. The trader shares a chart suggesting that the blue-chip altcoin is now poised to […] The post ‘Last Dip Ever’ – Analyst Predicts Solana Rally, Says Three Memecoins Will Surge Alongside SOL appeared first on The Daily Hodl.

Grayscale Bitcoin ETF finally see inflows: Will BTC cross $70K now?

May 7, 2024 | 17:00 pm

Grayscale has finally seen an inflow in its Bitcoin ETF Netflows. Will BTC rally?

Leading Cryptocurrency Picks for Returns: BlockDAG Tops with a 30,000x ROI Projection

May 7, 2024 | 17:00 pm

While the cryptocurrency market has recently declined, the overall future remains bright, indicating that temporary […]

Emmer slams Gensler for ‘inconsistency, incompetence’ over SAB 121

May 7, 2024 | 16:04 pm

House Republicans are gearing up to challenge the SEC’s controversial rule regarding digital asset custody, labeling it as an overreach of the agency’s authority. During a press conference on May 7, Representative Tom Emmer, a prominent Republican lawmaker, criticized SEC Chairman Gary Gensler’s tenure, calling it marked by “regulatory hypocrisy, inconsistency, and incompetence.” The issue […] The post Emmer slams Gensler for ‘inconsistency, incompetence’ over SAB 121 appeared first on CryptoSlate.

Dogecoin on the Rise: Over 5 Million Wallets Now Profitable As Potential Surge Looms

May 7, 2024 | 16:00 pm

So far, Dogecoin has emerged as a significant player among the largest altcoins, exhibiting signs of a strong comeback, particularly highlighted by the recent profitability of numerous wallet addresses. A Surge In Dogecoin Profitable Addresses Recent data from IntoTheBlock reveals a notable uptick in the profitability of Dogecoin addresses. Of the myriad wallets in the [...] The post Dogecoin on the Rise: Over 5 Million Wallets Now Profitable As Potential Surge Looms appeared first on Crypto Breaking News.

Spectral Participates In Hugging Face’s Expert Support Program, Steps Closer To Advancing On-chain Open Source AI Community

May 7, 2024 | 15:44 pm

Spectral, an inference economy for Web3, announced today its participation in Hugging Face’s Expert Support Program, joining others in advanced open-source models, applications for the Onchain Agent Economy, and datasets. The Expert Support Program by Hugging Face was created to help clients with various challenges by providing them with the resources and expertise needed to […]

99BTC Staking Blows Up as the Presale Raises its First Million

May 7, 2024 | 15:38 pm

99Bitcoins, the world’s first Learn-To-Earn (L2E) project, has recently seen its presale hit a new milestone with $1 million raised. Along the way, the project’s staking mechanism blew up as users staked many purchased tokens. 99Bitcoins encourages users to keep staking their crypto In a recent post on X, 99Bitcoins invited and urged holders to […]

WienerAI Adds MEV Protection To The Long List of Features as its Presale Hits a New Milestone

May 7, 2024 | 15:35 pm

WienerAI, a popular new cryptocurrency that combines a dog, a sausage, and artificial intelligence (AI), announced that it is adding big changes to its website. In addition to explaining how users can benefit from adding AI to their trading strategy, the project also introduced a new type of protection called MEV Protection. How Does MEV […]

Fundstrat Co-founder Foresees $150,000 Bitcoin Price in 2024 and $500,000 in Five Years

May 7, 2024 | 15:01 pm

During an appearance on CNBC's 'Squawk Box', Tom Lee shared his optimistic outlook on Bitcoin's price trajectory.

Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why

May 7, 2024 | 15:01 pm

Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry. In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be […] The post Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why appeared first on The Daily Hodl.

AI Tokens ‘Preparing For Round 2’: Industry Shows 8% Growth With RNDR And FET

May 7, 2024 | 15:00 pm

Excluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably during the first quarter of 2024. The crypto market recovered over the weekend from the May 1st retrace, with AI tokens showing significant gains. As a result, many industry experts think that the sector is poised for [...] The post AI Tokens ‘Preparing For Round 2’: Industry Shows 8% Growth With RNDR And FET appeared first on Crypto Breaking News.

Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments

May 7, 2024 | 14:55 pm

Susquehanna International Group disclosed $1.3 billion of investments in spot Bitcoin ETFs in a May 7 13F filing. The company reported holding 17.3 million shares of Grayscale’s GBTC across three separate investments for a combined investment of $1.1 billion. Susquehanna additionally purchased 1.3 million shares of Fidelity’s FBTC worth $83.7 million, 583,049 shares of BlackRock’s […] The post Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments appeared first on CryptoSlate.

SEC’s Gary Gensler Reiterates Belief That Vast Majority Of Cryptocurrencies Are Securities

May 7, 2024 | 14:34 pm

Gary Gensler, the Chairman of the U.S. SEC, has doubled down on his view that most cryptocurrencies qualify as securities.

XRP Volume Skyrockets 392% as Ripple vs. SEC Case Nears Conclusion

May 7, 2024 | 14:33 pm

NAIROBI (Coinchapter.com) – XRP trading volume has surged by a staggering 392% in just 24 hours. This remarkable spike coincides with the highly anticipated resolution of the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). According to James K. Filan, a renowned legal expert closely following the case, the SEC […] The post XRP Volume Skyrockets 392% as Ripple vs. SEC Case Nears Conclusion appeared first on CoinChapter.

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

May 7, 2024 | 14:28 pm

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across […] The post Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community appeared first on CoinJournal.

TON Network Surpasses $200 Million TVL Boosted by Open League and DeFi Growth

May 7, 2024 | 14:24 pm

The TON Network has recently crossed a major landmark, boasting a Total Value Locked (TVL) exceeding $200 million.

US SEC Pushes Back On Yet Another Spot Ether ETF Application As Key Deadline Looms

May 7, 2024 | 14:07 pm

Wall Street's top regulator has refused to make a decision on another high-profile spot, the Ethereum exchange-traded fund (ETF).

Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing

May 7, 2024 | 14:00 pm

Ethereum has put on a disappointing performance for its investors over the last few weeks, leading to concerns on whether the second-largest cryptocurrency by market cap has lost its shine. The cryptocurrency continues to skirt around the $3,100 level, not making any significant breaks upward. This points to weak fundamentals that could trigger a price [...] The post Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing appeared first on Crypto Breaking News.

Cardano Skyrockets Past 90 Million Transactions as Bulls Crazily Eye $3 Price Landmark

May 7, 2024 | 13:55 pm

This milestone highlights Cardano's growing prominence in the blockchain space and underscores the robust ecosystem around its network.

Spectral Labs Joins Hugging Face’s ESP Program To Advance the On-Chain x Open-Source AI Community

May 7, 2024 | 13:07 pm

May 7, 2024 – New York, New York Spectral is excited to announce its participation in Hugging Face’s ESP (expert support program). Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets and applications for the on-chain agent economy. How to use Hugging Face Hugging Face plays a critical role […] The post Spectral Labs Joins Hugging Face’s ESP Program To Advance the On-Chain x Open-Source AI Community appeared first on The Daily Hodl.

Bitcoin Rally Could Be Short-Lived if BTC Follows Stock Market, According to Analyst Benjamin Cowen

May 7, 2024 | 13:00 pm

A widely followed crypto analyst says that Bitcoin (BTC) may be acting as a “more volatile version” of the stock market. In a new video update, crypto strategist Benjamin Cowen tells his 801,000 YouTube subscribers that Bitcoin may be following in the footsteps of the Russell 2000 Index, NASDAQ and S&P 500. According to the […] The post Bitcoin Rally Could Be Short-Lived if BTC Follows Stock Market, According to Analyst Benjamin Cowen appeared first on The Daily Hodl.

Polkadot To Sponsor Messi’s Inter Miami: DOT To The Moon?

May 7, 2024 | 13:00 pm

The Polkadot community has approved a proposal to sponsor Inter Miami, the football club co-owned by David Beckham and featuring superstar Lionel Messi. The move could be a strategic decision to propel Polkadot, a smart contracts platform similar to Ethereum, into the global spotlight. Polkadot To Sponsor Inter Miami The proposal, approved by Polkadot’s Open Gov [...] The post Polkadot To Sponsor Messi’s Inter Miami: DOT To The Moon? appeared first on Crypto Breaking News.

Ethernity Upgrades to AI-Driven Ethereum Layer 2, Tailored for Entertainment Powerhouse

May 7, 2024 | 12:57 pm

Ethernity’s technology allows global brands and talent to securely store their intellectual property on the blockchain and connect with their fans through innovative content and experiences. Ethernity, the platform known for its authenticated and licensed NFTs featuring icons such as Lionel Messi and Shaquille O’Neal, is making a significant move by transforming into a cutting-edge […]

Binance CEO Richard Teng Demands Nigeria Release Imprisoned Employee, Offers Help in Resolving Tax Issues

May 7, 2024 | 12:55 pm

Binance CEO Richard Teng is demanding the release of a top executive imprisoned in Nigeria for alleged money laundering crimes. In a new Binance blog post, Teng calls on Nigerian authorities to release Tigran Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, who has been held for more than 70 days. Gambaryan was […] The post Binance CEO Richard Teng Demands Nigeria Release Imprisoned Employee, Offers Help in Resolving Tax Issues appeared first on The Daily Hodl.

Investment Firm Discloses Over $1.8 Billion in Bitcoin ETF Holdings in SEC Filing

May 7, 2024 | 12:54 pm

Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales [...] The post Investment Firm Discloses Over $1.8 Billion in Bitcoin ETF Holdings in SEC Filing appeared first on Crypto Breaking News.

Coincheck's Nasdaq Listing Gains Traction, Proposal Submitted to SEC

May 7, 2024 | 12:52 pm

Coincheck and Spacial Purpose Acquisition Company Thunder Bridge Capital Partners IV are progressing with a merger deal that will enable the Japanese cryptocurrency exchange to list on Nasdaq. Coincheck has reportedly submitted a proposal regarding the agreement to the SEC, signifying a significant step for both companies and investors seeking exposure to the growing crypto industry.Gateway to NasdaqCoincheck is a renowned digital asset exchange with a market share of over 1.98 million accounts, while Thunder Bridge Capital Partners IV is an SPAC that facilitates mergers and acquisitions within the financial sector. The proposed merger signifies Coincheck's ambition to expand its global footprint and gain access to the Nasdaq market. According to the press release, the combined entity, to be named Coincheck Group N.V., is pending regulatory approvals and shareholders' consent.Last year, Coincheck faced a hurdle after the parent company, Monex Group, announced a one-year delay in the cryptocurrency exchange's public listing. The anticipated merger, originally scheduled for completion by July 2, 2023, was extended to July 2, 2024. Monex Group confirmed the delay, citing the approval of an amendment to the SPAC's certificate of incorporation at a shareholders' meeting held in June 2023. While the exact reasons behind the delay remain unclear, speculations emerged about potential setbacks in obtaining approval from the shareholders. This setback marked the second delay in Coincheck's journey toward listing on Nasdaq.Coincheck IPO DelayedMonex announced its intentions to take Coincheck public in 2022, entering an agreement valued at approximately $1.25 billion with Thunder Bridge. Originally expected to debut on the Nasdaq in the latter half of 2021, unforeseen circumstances have continuously pushed the listing further, now scheduled for this year.Under the agreement, Thunder Bridge is set to inject $237 million in cash into the combined entity. Additionally, Gary Simanson, Thunder Bridge's President and CEO, will reportedly assume the role of CEO in the merged organization. Monex will retain a significant majority stake of 82% in the new entity and maintain its commitment to Coincheck's growth trajectory amidst the challenges of the listing delay. This article was written by Jared Kirui at www.financemagnates.com.

AC Milan Announces iGaming Partnership with TG.Casino

May 7, 2024 | 12:41 pm

The revered Italian football club AC Milan has set a new milestone in the sports industry by teaming up with TG.Casino, a renowned cryptocurrency casino platform. The partnership, announced through a flurry of tweets and press releases, marks TG.Casino as the Official Regional iGaming Partner of AC Milan in Europe, ushering in a new era […]

DECIMATED Features a Thrilling Gameplay Testing Survivorship Skills With A Lucrative Economic System

May 7, 2024 | 12:37 pm

DECIMATED, a novel third-person PvP and PvE online game, is excited to reveal its game that tests players’ survival skills with a lucrative economic ecosystem. Built on Unreal Engine 5, DECIMATED features a post-apocalyptic cyberpunk survival game in a persistent online world where players are invited to explore an unprecedented journey through a vast dystopian […]

CoinStats Launches Degen Plan With Improved and Exclusive Options

May 7, 2024 | 12:25 pm

Renowned cryptocurrency portfolio tracker CoinStats has added a powerful service package to its list following the launch of its anticipated Degen plan. Designed to offer advanced analytics services, the Degen plan will feature all services provided in the CoinStats premium package and additional VIP Support services such as dedicated channels, community seats, and personalized features […]

Cardano Network Hits 90M Transactions Amid Upcoming Upgrades

May 7, 2024 | 12:05 pm

NAIROBI (Coinchapter.com) – Cardano has reached a significant milestone, recording a staggering 90 million transactions on its network. This achievement highlights Cardano’s growing adoption and underscores its commitment to building a robust and scalable blockchain platform. The surge in transactions comes as Cardano prepares for major upgrades aimed at further enhancing its capabilities. The Cardano […] The post Cardano Network Hits 90M Transactions Amid Upcoming Upgrades appeared first on CoinChapter.

Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us

May 7, 2024 | 12:00 pm

The cryptocurrency market has recently exhibited distinct divergences in the behavior of its two leading assets, Bitcoin and Ethereum. While Bitcoin appears to be stepping into a phase of relative stability, Ethereum’s journey paints a contrasting picture of sustained uncertainty, particularly in its options market. This divergence is highlighted by the sustained high levels of [...] The post Ethereum’s Wild Fluctuations: Here’s What ETH Implied Volatility Tells Us appeared first on Crypto Breaking News.

Cartier Heir Charged by DOJ for Allegedly Laundering ‘Hundreds of Millions’ Partially via USDT Transfers

May 7, 2024 | 11:45 am

Prosecutors are charging three Colombian nationals and a purported direct descendant of the Cartier watch and jewelry-making family for allegedly laundering hundreds of millions of dollars. According to the indictment unsealed by the U.S. Attorney’s Office for the Southern District of New York, Maximilien de Hoop Cartier, Leonardo De Jesus Zuluaga Duque, Erica Milena Lopez […] The post Cartier Heir Charged by DOJ for Allegedly Laundering ‘Hundreds of Millions’ Partially via USDT Transfers appeared first on The Daily Hodl.

Ripple CEO Slams SEC Over XRP and Ethereum Probes, Calls Gensler “Unethical”

May 7, 2024 | 11:32 am

NAIROBI (Coinchapter.com)- Ripple CEO Brad Garlinghouse has blasted the U.S. Securities and Exchange Commission (SEC) for its ongoing probes into XRP and Ethereum, labeling SEC Chair Gary Gensler as an “unethical human being.” Garlinghouse’s comments came during a fireside chat at the XRP Las Vegas 2024 event. He vehemently defended XRP and Ethereum, asserting that […] The post Ripple CEO Slams SEC Over XRP and Ethereum Probes, Calls Gensler “Unethical” appeared first on CoinChapter.

Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

May 7, 2024 | 11:25 am

New York, New York, May 7th, 2024, Chainwire Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across […] The post Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community appeared first on CoinChapter.

Ethena Labs Integrates USDe as Collateral on Bybit for High-Yield Trading: ENA Token Soars

May 7, 2024 | 11:21 am

TL;DR USDe is integrated into Bybit as collateral for perpetual trading and commission-free BTC and ETH spot pairs. Ethena users will be able to capture potential yields and access Bybit’s “Earn” platform with USDe. This integration represents a significant shift in capital efficiency and opens up new opportunities in the cryptocurrency market. The integration of ... Read more

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

May 7, 2024 | 11:00 am

Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024. Bitcoin Surge To $150,000 [...] The post Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off appeared first on Crypto Breaking News.

Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off

May 7, 2024 | 11:00 am

Mike McGlone, Senior commodity strategist at Bloomberg Intelligence, has made a rather pessimistic prediction for Bitcoin, emphasizing that the cryptocurrency’s potential rise to $150,00 was a long shot. The strategist has revealed factors that could make Bitcoin’s projected surge to $150,000 difficult, highlighting both macroeconomic trends and Bitcoin’s performance in 2024. Bitcoin Surge To $150,000 [...] The post Bloomberg’s Mike McGlone Reveals Why A $150,000 Bitcoin Price Target Is Far Off appeared first on Crypto Breaking News.

Australia Eyes Unreported Crypto Transactions: Taxman Targets 1.2 Million Accounts

May 7, 2024 | 10:52 am

Australian Taxation Office (ATO) has requested personal data and transaction details from crypto exchanges of up to 1.2 million accounts to crack down on potential tax evaders, Reuters reported. This move marks a significant escalation in the ATO's efforts to ensure compliance in the rapidly expanding digital currency market.Oversight of Crypto Tax ComplianceATO's notice, issued last month, aims to identify individuals who may have failed to report their crypto transactions. It focuses on instances where crypto assets were exchanged or utilized for payments without proper tax declarations.ATO has acknowledged the complexities of the crypto industry, attributing non-compliance to a lack of awareness regarding tax obligations. Additionally, the potential for anonymous transactions using false information poses a challenge in effectively enforcing tax laws.The scope of the ATO's request extends beyond basic transaction details. It encompasses personal information such as dates of birth, phone numbers, and social media accounts. Additionally, the authority is seeking specific details like bank accounts, wallet addresses, and the types of coins involved. Australia categorizes cryptocurrencies as assets for tax assessment, subjecting investors to capital gains tax obligations upon selling or trading crypto assets. This approach aims to ensure equitable taxation across traditional and digital asset classes.Rising Crypto AdoptionA recent Treasury report indicating a significant growth in digital asset transactions highlights the exponential growth of Australia's crypto market. With over 800,000 taxpayers engaging in crypto activities in recent years, the country experienced a remarkable 63% surge in participation in 2021. Meanwhile, Australia is preparing to embrace Bitcoin exchange-traded funds (ETFs), a move that could reshape the country's investment landscape. Following the footsteps of the US and Hong Kong, ASX Ltd, Australia's primary equity exchange, could soon allow the launch of Bitcoin ETFs, Bloomberg reported.The soaring interest in cryptocurrencies among investors is evident in the $53 billion inflow into US Bitcoin ETFs this year. Notable players like Van Eck Associates Corp. and BetaShares Holdings Pty are poised to introduce similar ETFs in Australia. This comes amidst a resurgence in the crypto market, which recently drove Bitcoin price to a record high exceeding $70,000.ASX, responsible for the majority of equity trading in Australia, is currently evaluating applications for spot Bitcoin ETFs. Although the exact timeline hasn't been confirmed, insiders speculate approvals could materialize before the end of the year. Australia's $2.3 trillion pension market stands as a crucial catalyst for Bitcoin ETF inflows. This article was written by Jared Kirui at www.financemagnates.com.

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

May 7, 2024 | 10:25 am

LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution […] The post Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry appeared first on CoinJournal.

Binance adds direct deposits and withdrawals for dYdX

May 7, 2024 | 10:19 am

Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there’s sufficient volume. Binance users can now directly deposit or withdraw dYdX (DYDX) tokens. DYDX is the native token of the L1 protocol dYdX Chain. In an announcement on Tuesday, Binance said […] The post Binance adds direct deposits and withdrawals for dYdX appeared first on CoinJournal.

Bitcoin Local Bottom In? Analyst Offers Insights

May 7, 2024 | 10:00 am

In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery [...] The post Bitcoin Local Bottom In? Analyst Offers Insights appeared first on Crypto Breaking News.

Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

May 7, 2024 | 09:23 am

LOS ANGELES, United States, May 7th, 2024, Chainwire Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution […] The post Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry appeared first on CoinChapter.

Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem

May 7, 2024 | 09:04 am

Botanix Labs, a Bitcoin development startup based in New York and founded at Harvard, has announced a significant funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by prominent investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovey Wan, Eric Wall and others, will [...] The post Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem appeared first on Crypto Breaking News.

PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

May 7, 2024 | 09:00 am

On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day. Here’s where these tokens have been heading. PEPE Whales Have Been Active On The Network Today According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few [...] The post PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations appeared first on Crypto Breaking News.

Gary Gensler Continues to Show His Ignorance: “Crypto is an outsized piece of the scams, frauds, and problems”

May 7, 2024 | 08:53 am

TL;DR Gary Gensler criticizes the lack of transparency in the crypto market, showing ignorance about its benefits. It highlights the lack of required disclosures for investors in the market. The SEC is taking action against entities such as Robinhood and Trump Media’s auditor for alleged irregularities. Gary Gensler, chairman of the United States Securities and ... Read more

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

May 7, 2024 | 08:34 am

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3.2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out. The digital bank announced the launch […] The post Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M appeared first on CoinJournal.

Astar Network’s Stablecoin Lifeline: Grant Aims to Empower Emerging Tokens on zkEVM

May 7, 2024 | 08:29 am

TL;DR Astar Network launches TGE Catalyst Grant on stablecoins to boost the launch of tokens on Astar zkEVM. Strategic collaborations with important centralized exchanges (CEXs) such as HTX, Gate.io, Bitget, MEXC and Poloniex. The grant offers a listing acceleration package, marketing support in CEXs, advice on market strategies and access to the SAMURAI Council. Astar ... Read more

Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act

May 7, 2024 | 08:00 am

The new bill, which seeks to protect the residents’ right to mine, own, and trade digital currencies, is at advanced stages in Nebraska, South Carolina, and Tennessee. [...] Read More... The post Oklahoma joins Ohio, Mississippi in passing Blockchain Basics Act appeared first on CoinGeek.

Bitcoin Surges 8.33% to $65,000, Ethereum Holds Strong at $3,177 Up 6%, Furrever Token Presale Hits $1M Amidst a 15X Return Potential

May 7, 2024 | 08:00 am

In the dynamic and ever-evolving world of cryptocurrencies, recent movements within the market showcase the resilience and potential of major digital assets. Bitcoin (BTC) recently experienced a surge from $60,000 to $65,000, predicted by the Bitcoin Fundamental Index (BFI). Ethereum (ETH), maintaining stability above the $3,000 mark, shows strong holding signals from investors, while Furrever Token (FURR) […] The post Bitcoin Surges 8.33% to $65,000, Ethereum Holds Strong at $3,177 Up 6%, Furrever Token Presale Hits $1M Amidst a 15X Return Potential appeared first on CoinChapter.

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 7, 2024 | 07:14 am

Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as […] The post New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan appeared first on CoinJournal.

New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

May 7, 2024 | 07:05 am

Milan, Italy, May 7th, 2024, Chainwire Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. TG.Casino Announcement In a May 6 tweet, the @TGCasino_ account on X posted: ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as […] The post New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan appeared first on CoinChapter.

Ethereum (ETH) Stumbles Twice as Hard as Bitcoin (BTC): Is the FOMO Fading?

May 7, 2024 | 07:03 am

TL;DR ETH vs BTC Performance: Ethereum (ETH) experienced a significant 44% drop in value, which is over twice as severe as Bitcoin’s (BTC) 21% correction. This divergence in performance has led to questions about Ethereum’s speculative appeal and investor confidence. Speculative Interest: There’s a noticeable decline in speculative interest for Ethereum, especially among short-term holders, ... Read more

BSV Blockchain unveils Mandala Upgrade: Enabling unbounded scaling and other benefits

May 7, 2024 | 07:00 am

BSV Blockchain's new Mandala upgrade allows the BSV blockchain to scale quadratically in the coming years; its key components include Teranode, Overlay services, and SPV Wallet. [...] Read More... The post BSV Blockchain unveils Mandala Upgrade: Enabling unbounded scaling and other benefits appeared first on CoinGeek.

Australian tax office targets 1.2M crypto investors for tax compliance

May 7, 2024 | 06:58 am

Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax evasion has gained momentum, especially in Canada, Turkey, and the U.S. In a move aimed at enforcing tax compliance within the burgeoning crypto market, the […] The post Australian tax office targets 1.2M crypto investors for tax compliance appeared first on CoinJournal.

Bitcoin Price Rebounds from Crucial Support Level – Bulls Charge Ahead

May 7, 2024 | 06:51 am

NAIROBI (Coinchapter.com) – Bitcoin’s unwavering momentum has captured the attention of crypto enthusiasts as the price of the leading digital asset triumphantly rebounds from a critical support level. this has ignited a renewed sense of optimism within the market. In a remarkable display of resilience, the Bitcoin price has defied expectations by rebounding from the […] The post Bitcoin Price Rebounds from Crucial Support Level – Bulls Charge Ahead appeared first on CoinChapter.

RD Technologies partners with Chainlink for secure HKD stablecoin transfers

May 7, 2024 | 06:48 am

RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone in enhancing interoperability and accessibility within the cryptocurrency ecosystem, paving the way for seamless transactions across different blockchain …

Grayscale’s GBTC spot Bitcoin ETF rakes in $4M

May 7, 2024 | 06:30 am

The GBTC spot exchange-traded fund belonging to Grayscale managed to rake in $4 million within the converted trust. This was the second inflow. This is after 78 days of the GBTC ETF net outflows when it came in for a further .$63 million. From the time GBTC converted into the spot bitcoin trust earlier this …

Colombia’s largest bank launches crypto exchange and peso-pegged stablecoin

May 7, 2024 | 06:25 am

Bancolombia launches Wenia crypto exchange and COPW stablecoin in Colombia. The new crypto exchange aims to onboard 60,000 users in 1st year to compete with Binance and Bitso. Wenia is registered in Bermuda and will operate independently from other Bancolombia Group entities. Bancolombia, the largest bank in Colombia, has made a significant foray into the […] The post Colombia’s largest bank launches crypto exchange and peso-pegged stablecoin appeared first on CoinJournal.

HBAR Foundation to promote Web3 Interoperability through partnerships

May 7, 2024 | 06:11 am

The Hedera Network, Stacks, Moonriver, and Iron Fish have all signed up for the devnet-phase pilot of Interchain Amplifier, a revolutionary service created by Interop Labs for the Axelar network. This is the first service of its kind, as it enables permissionless connectivity across leading blockchain networks such as Bitcoin and Ethereum, EVM chains, IBC, …

Blast Ecosystem grows on new “Jackpot” incentive

May 7, 2024 | 06:11 am

After the announcement of Jackpot, tokens in the Blast ecosystem—an Ethereum Layer 2 solution—have surged in price. PacMoon has risen over 30%, Juice Finance is about 40%, and notable NFTs like Blastopians are up nearly 50%. Interestingly enough, this rise in token prices within the Blast ecosystem is in stark contrast with the lackluster performances …

Dormant Bitcoin Wallet From Satoshi Era Transferred 687 BTC Worth $43.9M

May 7, 2024 | 06:01 am

A long-dormant Bitcoin wallet dating back to the "Satoshi era" has sprung back to life after over 10 years. The crypto wallet transferred 687 BTC, worth $43.9 million at current prices. On May 6, 2024, it moved its entire holdings to two separate wallets. The post Dormant Bitcoin Wallet From Satoshi Era Transferred 687 BTC Worth $43.9M appeared first on CoinChapter.

End the Tetheral Reserve?

May 7, 2024 | 06:00 am

If Tether collapses, majority of global liquidity will go with it, and so will a sizable chunk of value held in equity around the blockchain economy. [...] Read More... The post End the Tetheral Reserve? appeared first on CoinGeek.

Revolut X: Fintech Firm Ventures into Crypto Exchange Arena

May 7, 2024 | 05:55 am

London-based digital banking firm Revolut has introduced Revolut X, a cryptocurrency exchange tailored for professional traders, marking the institution as the pioneer in developing a dedicated platform for cryptocurrency trading within the banking sector.Crypto Offerings with New Exchange PlatformWith a user base of 40 million worldwide, Revolut has already facilitated cryptocurrency transactions through its Revolut App. However, the decision to unveil a separate crypto exchange was disclosed in February, aiming to provide a more specialized trading experience.The newly launched exchange offers customers the advantage of trading directly from the platform, ensuring lower transaction fees. Fee structures have been delineated, with makers incurring zero charges and takers facing a nominal fee of 0.09%.Revolut’s Head of Crypto Exchange Product, Leonid Bashlykov, said: “We are excited by the introduction of our new crypto product and believe this top-tier trading platform will change the game for experienced crypto traders, providing them with a safe and accessible place to trade.”Integration for UK Customers into Crypto TradingThe platform, now available on desktops for UK customers holding Revolut retail accounts, features digital assets already present on the Revolut retail app, including Bitcoin, Ethereum, and XRP, with plans for further expansion.Revolut launches its new exchange, #RevolutX, designed for experienced traders with 0% maker fees and powerful analytical tools 📊 These tools are far more advanced than their traditional app, tailoring Revolut X for high-volume trading strategies 💧📈 pic.twitter.com/U7y0SuLpdR— BrotherHood (@BHVenture) May 7, 2024Customers with existing UK Revolut retail accounts can access the new crypto exchange using their current credentials. Additionally, they can execute crypto-to-fiat and vice versa transactions between Revolut X and Revolut at no extra cost. Educational resources integrated within the Revolut app further promote responsible trading practices among users.Prior to this launch, Revolut had been enhancing its platform, including the recent introduction of Revolut Ramp in collaboration with MetaMask. This integration, unveiled in March, streamlines the process of purchasing cryptocurrency for Revolut clients, accessible through MetaMask's mobile app, browser extension, or portfolio.Revolut users can now expand their MetaMask self-custody wallet with minimal fees using their Revolut account or Visa/Mastercard credit or debit cards, as outlined in the release on the company's blog page. This article was written by Tareq Sikder at www.financemagnates.com.

Could Chinese Investors Soon Access Bitcoin ETFs in Hong Kong?

May 7, 2024 | 05:53 am

Could mainland Chinese investors soon gain access to Spot Bitcoin exchange-traded funds (ETFs) newly launched in Hong Kong? Comments from a prominent crypto investor have ignited rumors of potential policy shifts that could open this door. The post Could Chinese Investors Soon Access Bitcoin ETFs in Hong Kong? appeared first on CoinChapter.

NFT Crypto Coins — Top 10 Market Players

May 7, 2024 | 05:38 am

NFT crypto coins, or Non-Fungible Tokens, are digital assets that represent ownership of a unique item or content on a blockchain. Unlike traditional cryptocurrencies, which are identical and can be exchanged like-for-like, NFTs are unique. Each token has its distinct properties and value, primarily hinged on its rarity and the demand for the asset it represents, such as digital art, collectibles, or real estate in virtual worlds. The post NFT Crypto Coins — Top 10 Market Players appeared first on CoinChapter.

Bitcoin is More Bullish Than You Think, Mates!

May 7, 2024 | 05:25 am

According to Fidelity Investments, Bitcoin is poised for another bull market, evidenced by its reduced volatility and maintenance of record-high prices over the last year. This stability is characteristic of mature assets, indicating that Bitcoin is transitioning away from its speculative early stages. The post Bitcoin is More Bullish Than You Think, Mates! appeared first on CoinChapter.

Pepe Coin Eyes a Holy Moly 900% Price Explosion

May 7, 2024 | 04:53 am

Pepe coin price painted a bullish rally with more than 35% gains since May 1 to reach a daily high near $0.000008 on May 6. The post Pepe Coin Eyes a Holy Moly 900% Price Explosion appeared first on CoinChapter.

SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering

May 7, 2024 | 04:00 am

Robinhood is scheduled to report its Q1 financials on May 8, and the analyst call may reveal further details regarding the company's SEC's issues. [...] Read More... The post SEC sends Robinhood a Wells notice, BTC-e’s Vinnik cops to money laundering appeared first on CoinGeek.

How to Add BEVM to MetaMask

May 6, 2024 | 22:47 pm

MetaMask is a popular cryptocurrency wallet and browser extension that allows users to interact with decentralized applications (dApps) on the Ethereum blockchain. Adding the BEVM to MetaMask can open up a whole new world of possibilities for users, including access to a wider range of tokens and dApps. In this article, we will guide you ... Read more

Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions

May 6, 2024 | 12:27 pm

Over 90% of stablecoin transactions do not originate from real users, a recent study by Visa and Allium Labs revealed. These findings raise questions about the potential of stablecoins revolutionizing the payment sector despite the optimism from industry leaders and the overall positive market sentiment. Stablecoin Potential in PaymentsOut of a staggering $2.65 trillion in total stablecoin transactions in the past 30 days, a mere $265 billion is attributed to "organic payments activity," highlighting the prevalence of non-user transactions. This data was highlighted in a dashboard aimed at analyzing stablecoin transactions to differentiate between authentic user activity and artificial volume.This revelation challenges the narrative that stablecoins, tethered to assets like the dollar, are on the brink of transforming the payment industry, a notion supported by fintech giants like PayPal and Stripe. Despite the bullish sentiments expressed by industry leaders, including John Collison of Stripe, the data underscores the nascent stage of stablecoins as a viable payment instrument, Bloomberg reported. While the potential for stablecoins to disrupt the payments sector is acknowledged, practical hurdles remain. Airwallex's Pranav Sood highlights the imperative of enhancing existing payment infrastructure to facilitate seamless adoption. Moreover, user-friendly interfaces are crucial, with many consumers still favoring traditional payment methods due to ease of use.Despite the challenges, analysts predict a significant surge in stablecoin circulation in the coming years, with the potential for the total value to reach $2.8 trillion by 2028. Recently, Stripe made a comeback into the cryptocurrency space after exiting the sector six years ago. However, this time, the payment firm is embracing stablecoins to facilitate transactions and minimize risks.Institutional Stablecoin AdoptionStripe's decision to use stablecoins marks a departure from its previous foray into crypto, which was marred by volatility and technical challenges. Stablecoins, such as Circle's USDC, offer a predictable value, mitigating the sharp fluctuations associated with traditional cryptocurrencies like Bitcoin. During a recent presentation, Stripe's Co-Founder and President, John Collison, demonstrated a seamless crypto payment using USDC, emphasizing its stability and suitability for online transactions.Reflecting on their earlier experience with Bitcoin payments, Collison acknowledged the shortcomings, labeling it as a "pretty terrible payment experience." However, this time around, Stripe is betting on stablecoins to provide a more reliable and user-friendly payment solution. Stripe's resurgence in the crypto realm comes at a time when the company is experiencing exponential growth in payment volumes, surpassing $1 trillion. With clients, including industry giants like Zara and Ford, Stripe continues to solidify its position in payment processing. This article was written by Jared Kirui at www.financemagnates.com.

Crypto.com Hits 100 Million User Milestone, Credits Marketing Campaigns

May 6, 2024 | 09:11 am

Crypto.com has reached a new milestone by surpassing 100 million users globally, marking a significant achievement for the company since its inception in 2016. The cryptocurrency exchange attributed this achievement to its latest marketing campaigns, which include partnerships with renowned personalities, venues, and events.Partnerships Propel Crypto.comSome of the marketing efforts include hosting NBA and NHL playoffs at the Crypto.com Arena and the Formula 1 Crypto.com Miami Grand Prix. Additionally, the firm recently released a film for its brand dubbed "INEVITABLE" under the campaign "Fortune Favors the Brave." Kris Marszlek, the CEO of Crypto.com, mentioned: "Positioning our brand through engaging campaigns and iconic partnerships has made Crypto.com a household name. But I'm most proud of the fact that we've surpassed the 100 million user milestone while building the most widely regulated platform in the industry by leading in global licenses and registrations."We’ve crossed a major new milestone.#CROFam is now 100 million strong 💪Thank you to all our users who’ve been with us from the start, and those who’ve just joined us. 🙏Get all the details:https://t.co/UnzFph4hvw pic.twitter.com/LIAFtkhSGo— Crypto.com (@cryptocom) May 6, 2024In May, Dubai's Virtual Assets Regulatory Authority licensed Crypto.com to offer full operations in institutional crypto trading under a new platform dubbed Crypto.com. The exchange's regional arm, CRO DAX Middle East FZE, obtained a Virtual Asset Service Provider license in 2023. Crypto.com Exchange, designed for both institutional and qualified retail investors, offers a range of services, including spot trading, staking brokerage, and over-the-counter offerings. Crypto.com aims to strengthen its position in the global cryptocurrency market with plans to roll out the Crypto.com app and other products for retail investors in Dubai.Global Expansion InitiativesBeyond Dubai, Crypto.com is expanding its presence in other regions. This includes a recent announcement of a specialized trading platform for Korean users. Additionally, Crypto.com and Brazil's BTG Pactual teamed up in February to enhance banking services in Latin America. By integrating BTG Pactual's stablecoin, BTG DOL, Crypto.com seeks to facilitate transactions between traditional financial systems and the emerging digital economy. The goal of this partnership is to democratize access to the digital economy for individuals and businesses in Latin America. The collaboration builds upon Crypto.com's existing presence in Latin America, where it holds a Payment Institution License from the Central Bank of Brazil. Crypto.com has also secured licenses in the Netherlands, Spain, France, and the UK. This article was written by Jared Kirui at www.financemagnates.com.

SEC Targets Robinhood's Crypto Trading Arm with Potential Enforcement Action

May 6, 2024 | 07:12 am

The Securities and Exchange Commission (SEC) could potentially bring an enforcement action against Robinhood, according to a Wells notice recently issued to the company's cryptocurrency trading arm on May 4. This development comes despite Robinhood asserting that the assets listed on the platform are not securities.Navigating Regulatory Challenges"On May 4, 2024, Robinhood Crypto (RHC) received a "Wells Notice" from the Staff of the SEC stating that the Staff has advised RHC that it made a "preliminary determination" to recommend that the SEC file an enforcement action against RHC alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934, as amended," Robinhood mentioned in a filing with the regulator. Robinhood's receipt of the Wells notice highlights the ongoing regulatory challenges facing cryptocurrency trading platforms. The SEC's heightened scrutiny reflects broader efforts to establish clearer guidelines for the cryptocurrency market, which has rapidly grown in recent years.BREAKING: 🇺🇸 Robinhood Receives Wells Notice from SEC.Explore the event on Messari Intel: https://t.co/wpDTV2loyC pic.twitter.com/GKjsacFqnP— Messari (@MessariCrypto) May 6, 2024The SEC's actions have reverberated across the cryptocurrency market, with Robinhood's stock experiencing a 2.5% decline in premarket trading following the announcement, Coindesk reported. "The potential action may involve a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding and may seek remedies that include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation, and limitations on activities," Robinhood added.Robinhood Fights BackIn response to the Wells Notice, Robinhood's Chief Legal, Compliance, and Corporate Affairs Officer, Dan Gallagher, expressed disappointment about the SEC's decision. Despite the firm's efforts to collaborate with the commission for regulatory clarity, including attempts to register its services, Robinhood claims the latest move is causing tension between regulators and crypto platforms. Gallagher emphasized Robinhood's stance that the assets listed on its platform do not constitute securities. He claims that the firm has refrained from listing certain tokens and withheld products like lending and staking to remain compliant. Additionally, Robinhood reportedly responded to the SEC's calls by attempting to register a special-purpose broker-dealer.Meanwhile, the SEC issued a Wells notice to the parent company of the decentralized finance (DeFi) platform Uniswap last month, highlighting the regulator's attempt to regulate the DeFi sector. However, Uniswap contended this decision, emphasizing that its operations are transparent.Today Uniswap Labs received a Wells notice from the SECAnd we're ready to fightThis is the latest political effort to target even the best actors in crypto like Uniswap and CoinbaseAll Uniswap products and the Uniswap Protocol are unaffectedhttps://t.co/i2p5LubELk— Uniswap Labs 🦄 (@Uniswap) April 10, 2024The SEC's move followed similar actions against other crypto exchanges, such as Coinbase and Binance. These regulatory actions mark the increasing scrutiny faced by platforms operating in the digital asset space and the ongoing legal battles between regulators and industry players. This article was written by Jared Kirui at www.financemagnates.com.

Kraken Announces Partnership to Enhance Crypto Offerings in German Market

May 6, 2024 | 06:37 am

Kraken has unveiled its latest strategic move aimed at bolstering its presence in the European market. The company has announced a new partnership designed to facilitate the expansion of its product offerings in Germany, a pivotal market in the region for crypto adoption.Forging Partnership to Enhance Crypto Services in GermanyScheduled to commence around July 10, 2024, this collaboration will enable Kraken to provide German clients with access to a diverse range of innovative crypto products. The partnership will leverage the expertise and infrastructure of DLT Finance, a subsidiary of DLT Securities GmbH and DLT Custody GmbH, both licensed by BaFin, Germany's financial regulatory authority. DLT Finance specializes in digital asset prime brokerage and crypto custody services, ensuring secure and compliant transactions for millions of potential users in Germany.“Collaborating with industry-leading partners is a vital component of our mission to accelerate the global adoption of crypto. Over 5% of Germans already own cryptoassets, and we’re confident our innovative product suite – along with excellent local language client service support – will be attractive to prospective clients as crypto continues to become more mainstream across Europe,'' said Kraken CEO David Ripley. Acquisition and Regulatory ComplianceThis strategic move aligns with Kraken's European growth strategy. Notably, the company announced its intention to acquire Dutch crypto broker Coin Meester B.V., indicating its commitment to scaling its operations across the continent while adhering to regulatory requirements.Kraken expandiert: DLT Finance ermöglicht US-Handelsplattform regulierten Zugang zu deutschen Kunden https://t.co/IRZpop45VP #ots #finanzen #news pic.twitter.com/iAbTRU2VKU— Presseportal Wirtschaft & Finanzen (@pp_wirtschaft) May 6, 2024Kraken's European expansion efforts have been characterized by a series of achievements, including obtaining an E-Money Institution authorization from the Central Bank of Ireland and securing registrations as Virtual Asset Service Providers in multiple European countries. The company's registration as a Crypto Service Provider in the Netherlands further underscores its focus on complying with regulatory frameworks as it expands its footprint in the region. This article was written by Tareq Sikder at www.financemagnates.com.

Coinbase Faces Another Class Action Lawsuit: Investors Allege Illegal Offerings

May 5, 2024 | 22:22 pm

The American cryptocurrency exchange, Coinbase, is embroiled in yet another class-action lawsuit. This lawsuit alleges that investors were misled into purchasing tokens classified as unregistered securities. Filed last Friday, the class action also contends that the exchange’s business model is unlawful.Another Class Action Against CoinbaseAccording to the lawsuit, Coinbase's listed tokens—such as Solana, Polygon, Near Protocol, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens—are considered securities, rendering their listings on the exchange illegal.The lawsuit further claims that in its user agreement, the exchange acknowledged its role as a “securities broker,” thereby categorizing the digital assets it offers as investment contracts or securities. Additionally, the lawsuit states that Coinbase Prime, the platform dedicated to institutional clients, also operates as a securities broker.$COIN is facing a new class-action lawsuit for alleged investor deception.- Plaintiffs argue the exchange's business model is illegal and accuse Coinbase of selling unregistered securities.- Cryptocurrencies cited include Solana, Polygon, Near Protocol, Decentraland,… pic.twitter.com/NYpVeND5Gf— @TheLordofEntry (@thelordofentry) May 5, 2024This latest lawsuit is among several class actions the San Francisco-based company has faced in recent years. A similar lawsuit filed in 2022 also claimed the exchange listed 79 tokens as unregistered securities.The primary plaintiffs in this recent lawsuit are six individual investors—Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard, residents of California and Florida. The case has been filed at the United States District Court for the Northern District of California, San Francisco Division.The plaintiffs are seeking full rescission, statutory damages under state law, and injunctive relief via a jury trial.Coinbase’s Legal TroublesCoinbase is also contending with charges from the U.S. Securities and Exchange Commission (SEC), which accuses the exchange of operating as an illegal trading platform by offering unregistered crypto asset securities. The regulatory lawsuit also alleges that the platform acts as an exchange, brokerage, and clearing agency—distinct roles under current U.S. laws—without the necessary registrations.In response, Coinbase has counter-sued the SEC, demanding clear regulations for the cryptocurrency industry. Moreover, Consensys, the company behind Metamask, recently sued the SEC, aiming to establish Ether as a non-security and to challenge the regulator's ambiguous authority over the Ethereum blockchain. This article was written by Arnab Shome at www.financemagnates.com.

Binance Assists Dutch Authorities in Exposing $30M Online Fraud

May 3, 2024 | 12:48 pm

Binance assisted the Dutch authorities in an investigation that led to the seizure of millions of euros worth of assets and the arrest of a 26-year-old man in suspected online fraud, the Fiscal Information and Investigation Service (FIOD) reported.Luxury Cars and Cryptocurrency SeizedDutch authorities, alongside the tax investigation service FIOD, seized assets totaling 11.4 million euros, including a luxury car and cryptocurrency holdings, in connection with the investigation. The saga involves a multi-million euro scam through an online platform, ZKasino.Binance mentioned on X: "Binance is proud to have supported Dutch authorities in the investigation of a gambling exit scam. Our Investigations team helped lead the recovery of millions of euros."#Binance is proud to have supported Dutch authorities in the investigation of a gambling exit scam. Our Investigations team helped lead the recovery of millions of euros.Find out more in this article from the national Dutch news outlet, NOS 👇https://t.co/61jqNcCrzN— Binance (@binance) May 3, 2024The culprit is suspected of being involved in the online platform soliciting monetary deposits. FIOD mentioned that ZKasino promised investors lucrative returns within 30 days. The scale of the alleged fraud is massive, with over $30 million reported to have been channeled to ZKasino globally.The investigation, triggered by information sourced from various channels, including Binance, commenced following concerns raised about ZKasino's operations. Collaboration between the FIOD and a division of Binance proved useful in securing millions of euros in crypto assets. However, the possibility of recovering all funds remains uncertain.Seeking Recourse for VictimsWhile the FIOD hopes for restitution, it emphasized the need for cooperation from those involved in the scam and urged victims seeking to reclaim lost investments to engage with authorities.Last year, Binance assisted Thai law enforcement agencies in tackling significant cryptocurrency scams plaguing the region. Working closely with the Cyber Crime Investigation Bureau of the Royal Thai Police, Binance's Investigations team helped dismantle criminal networks such as the notorious "pig butchering" scheme that affected thousands of victims in Thailand.#Binance Aids Royal Thai Police in Crackdown on Criminal Networks | @Binance Blog https://t.co/GzMGjTlzmI— CZ 🔶 BNB (@cz_binance) October 3, 2023As a result of this collaboration, five key members of a criminal group were arrested, and assets totaling around Thai baht (THB) 10 billion (approximately $277 million) were seized. These assets include luxury cars, houses, and land. Moreover, more than 3,200 victims have come forward seeking compensation for their losses.In addition to the successful crackdown on the "pig butchering" scam, Binance played a crucial role in disrupting another large-scale crypto scam involving a vast network of transnational criminal entities. This operation led to arrests across 30 locations and the seizure of illicit assets, including luxury residences, vehicles, and cash. This article was written by Jared Kirui at www.financemagnates.com.

ASIC Scores Legal Victory: BPS Financial Found Guilty in Qoin Wallet Case

May 3, 2024 | 01:31 am

The Federal Court has found BPS Financial Pty Ltd (BPS) guilty of engaging in unlicensed conduct concerning the 'Qoin Wallet', a non-cash payment facility utilizing a crypto-asset token known as 'Qoin.' The judgment was delivered by Justice Downes in proceedings brought by ASIC.Further Proceedings Ordered by the Court The court determined that BPS, from January 2020 onwards (with a brief exception of a 10-month period), violated the Corporations Act by lacking an Australian Financial Services Licence. Furthermore, BPS was not authorized by any licensee to issue or provide financial advice regarding the Qoin Wallet. Justice Downes also found BPS guilty of misleading or deceptive conduct and propagating false representations about the Qoin Wallet.Among the misleading claims, BPS falsely asserted that the Qoin Wallet was officially registered or approved, misrepresented its usability for purchasing goods and services from Qoin merchants, and misled consumers regarding the exchangeability of Qoin tokens for other crypto-assets or currencies. The court disclosed that prior to November 2021, the only digital currency exchange accepting Qoin was BTX Exchange, which had affiliations with BPS and did not facilitate independent exchanges of crypto assets. The court has mandated the involved parties to discuss further proceedings, including penalties, to address the remaining issues in the case. These deliberations are slated to occur later in 2024.The Federal Court has found BPS Financial engaged in unlicensed conduct over a non-cash payment facility which used a #crypto asset token called Qoin https://t.co/tHQkU9lUpQ pic.twitter.com/2bWhGGyhej— ASIC Media (@asicmedia) May 3, 2024Legal Scrutiny over Sales Practices of Payment FacilityBPS aggressively promoted Qoin tokens to both retail consumers and business owners, colloquially termed 'Qoin Merchants,' as a method of payment for goods and services. As of September 30, 2022, the Qoin Wallet had been issued over 93,000 times, with BPS accumulating over $40 million from Qoin Token sales. Justice Downes affirmed that the Qoin Wallet constituted a financial product, specifically categorizing it as a non-cash payment facility.Joe Longo, ASIC Chair, said: “Crypto assets are highly volatile, inherently risky, and complex. This makes it critically important that providers have the appropriate licences and authorisations, and that investors are provided with clear and accurate information. This case is an important reminder that many crypto products are financial products and that providers need to hold a licence.” This article was written by Tareq Sikder at www.financemagnates.com.

Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1

May 2, 2024 | 16:36 pm

Coinbase has released its first quarter report for 2024, showcasing a substantial 72% quarter-on-quarter increase in total revenue to $1.6 billion. This surge was accompanied by a notable net income of $1,176 billion, representing an increase of 1,588% YoY. This figure represents a turnaround from a net loss of $79 million in the same period last year. Compared to last quarter, Coinbase's net income surged 331%.The cryptocurrency exchange experienced an uptick in its market share across US spot and derivatives trading, along with reaching record highs in Coinbase Prime usage and USDC market capitalization. According to the company, notable international operations significantly contributed to the overall growth.Impact of Bitcoin ETFsCoinbase mentioned: "While we cannot attribute the increase in market capitalization to a specific driver, we believe this increase was influenced by a variety of factors, such as the launch of the Bitcoin ETFs, which have experienced over $11 billion in net inflows so far in 2024."Adjusted EBITDA increased from $324 million in the previous quarter to $1.014 billion, compared to $287 million reported in the first quarter of last year. Looking ahead, Coinbase anticipates continued momentum in Q2 2024, with robust projections in transactions, subscription, and service revenue.Recently, the crypto exchange secured registration as a restricted dealer from the Canadian Securities Administrators. This achievement marked an important moment in Coinbase's global expansion efforts, positioning it as the first international crypto exchange to attain registration in Canada. The approval in Canada added to Coinbase's growing list of registrations in key countries worldwide, including France, Spain, Singapore, Italy, Ireland, and the Netherlands. Meanwhile, in the United States, a federal judge in Manhattan recently permitted the US Securities and Exchange Commission to proceed with a lawsuit against Coinbase, albeit dismissing one claim.Navigating Regulatory HurdlesSpeaking about these regulatory challenges, Coinbase said: "On the legislative front, we are seeing a step change among key leaders in Washington DC aligning on the need for stablecoin legislation, which we believe is a hopeful sign that broader crypto legislation will eventually materialize in the US." The SEC sued Coinbase last June for violations of securities regulations related to the trading of certain crypto tokens. Central to the legal dispute is the interpretation of crypto assets as securities, with the SEC relying on established legal precedents to support its case. This article was written by Jared Kirui at www.financemagnates.com.

PayPal Partners with MoonPay to Expand Crypto Adoption in the US

May 2, 2024 | 10:02 am

MoonPay has partnered with PayPal to introduce a crypto purchasing option for cryptocurrency app users in the US. This service enables users to use PayPal for transactions via wallet transfers, bank transfers, and debit cards. The integration promises to enhance the accessibility and convenience of buying and trading cryptocurrencies by bridging the gap between traditional financial services and the crypto market.Expanding Crypto AccessibilityAccording to the announcement on X, the collaboration between MoonPay and PayPal signifies a significant milestone in the journey towards mainstream adoption of cryptocurrencies. Users have access to a wider range of digital assets as PayPal extends its offering of crypto tokens through MoonPay. Additionally, PayPal's integration into MoonPay's ecosystem represents a significant achievement in overcoming barriers to cryptocurrency adoption. Traditional banks have often imposed restrictions on transactions related to cryptocurrencies, leading to frustrations among users. This collaboration opens up new avenues for individuals seeking to invest in cryptocurrencies.🌙 Exciting news from MoonPay! 💳Today, we're thrilled to announce a game-changing integration: MoonPay has partnered with @PayPal to offer seamless fiat-to-crypto transactions for users in the U.S.!🧵👇 pic.twitter.com/N3kobMR2ru— MoonPay 🟣 (@moonpay) May 2, 2024"MoonPay allows PayPal users to buy and sell 110+ cryptocurrencies, not just limited options like PYUSD or ETH. For existing PayPal users, the integration streamlines transactions, eliminating the need to manually input card information. Buying crypto on MoonPay becomes as easy as a few clicks," MoonPay noted.Bridge Between Fiat and CryptoLast year, PayPal entered the cryptocurrency space after launching a stablecoin fully backed by the US dollar. Dubbed PYUSD, the launch of the digital asset marked a significant step towards bridging the gap between traditional fiat currency and the rapidly evolving digital asset space.PYUSD, developed in collaboration with Paxos Trust Company, is a digital asset anchored by US dollar deposits, short-term US Treasuries, and similar cash equivalents. This backing ensures that each unit of PYUSD is redeemable at a 1:1 ratio for US dollars.With PYUSD, PayPal users can transfer the stablecoin between their PayPal accounts and compatible digital wallets. To ensure transparency, Paxos will regularly publish a report outlining the financial instruments backing PYUSD. This article was written by Jared Kirui at www.financemagnates.com.

Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents

May 2, 2024 | 09:48 am

In a legal saga that has captured international attention, a Nigerian court has adjourned the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the exchange informed the court that he had not been served with the essential documents necessary to prepare for the case.Legal Proceedings Adjourned Binance, along with its executives Tigran Gambaryan and Nadeem Anjarwalla, find themselves embroiled in legal proceedings alleging money laundering exceeding $35 million and engaging in specialized financial activities without the requisite license. Gambaryan, a US citizen and head of financial crime compliance, and Anjarwalla, a British-Kenyan serving as a regional manager for Africa, stand accused in this high-stakes trial.During Thursday's court session, Binance's legal representative raised concerns about not receiving the additional proof of evidence crucial for preparing the defence. The lawyer highlighted the necessity of this documentation for adequately commencing the trial. However, he was promptly served with the over 300-page document while in court.Nigeria court adjourns Binance and execs trial to May 17 https://t.co/OPE4vXonkt pic.twitter.com/3WWzWeAB0E— Reuters Africa (@ReutersAfrica) May 2, 2024Judge Delays Binance Trial for Evidence ReviewResponding to the developments, the presiding judge opted to adjourn the proceedings to allow Binance's legal team ample time to scrutinize the provided evidence before the trial reconvenes on May 17.In addition to the ongoing money laundering case brought forth by Nigeria's anti-graft agency, the Economic and Financial Crimes Commission (EFCC), Binance and its executives face another legal hurdle. They are also implicated in four counts of tax evasion, a separate trial for which is set to resume concurrently on May 17.Earlier, Finance Magnates reported that two senior executives' detention raised concerns over diplomatic relations and cryptocurrency regulations. Authorities accused Binance of currency speculation, demanding user data to stabilize the devalued naira. President Tinubu's administration sees crypto exchanges as threats to reforms attracting foreign investment. This article was written by Tareq Sikder at www.financemagnates.com.

Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving

May 2, 2024 | 06:00 am

Bitget has released its latest proof of reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.Exceeding $2.7B in ReservesBitget's PoR report disclosed a total reserve ratio of 176%, with that of ether at 229%. According to the crypto exchange, this update strengthens its commitment to transparency and financial stability. The exchange has implemented additional measures, such as a protection fund and monthly valuations, to mitigate risks.Gracy Chen, the Managing Director at Bitget, mentioned: "Bitget is unwavering in its commitment to transparency and financial stability. Our latest PoR update reinforces our dedication to safeguarding user assets and upholding the highest accountability standards. With a total reserve ratio of 176%, Bitget continues to lead by example in the cryptocurrency exchange industry."On April 22, 2024, Bitget's total reserves exceeded $2.7 billion. The company plans to conduct routine audits to ensure continuous visibility into its reserves. The latest update highlighted a significant upsurge in USDT and ETH user assets by 51% and 46%, respectively, since January 2024.Last month, Bitget recorded impressive growth in the first quarter, with a significant increase in trading volumes and the value of its native token, BGB. Bitget's futures trading volume jumped to $1.4 trillion, marking an increase of 146% from the previous quarter.Growth in Trading Volumes The exchange experienced substantial growth in derivatives market share, with a 2.4% surge in March. Concurrently, spot trading volume surged by 113%, exceeding $60 billion during the same period.The surge in Bitget's trading volumes aligns with the broader trend observed across the cryptocurrency industry. According to Finance Magnates Intelligence, spot volumes for major cryptocurrency exchanges surged by 119% in March compared to the previous year and over 100% compared to February.However, Bitcoin mining farms are adjusting to the aftermath of the halving event. For instance, Bitfarms plans to invest $240 million to triple its current hash rate capacity to 21 exahashes per second to remain competitive, Cointelegraph reported. This move occurred after Bitfarms reported its lowest monthly earnings over two years.Bitfarms, like many other miners, experienced the impact of the Bitcoin halving, with its April earnings hitting a concerning low. Despite recording 269 Bitcoins in mining rewards and transaction fees, this figure was 6% lower than the previous month and 29% lower year-over-year. This article was written by Jared Kirui at www.financemagnates.com.

How to Add Mode Network to MetaMask

May 2, 2024 | 04:48 am

MetaMask is a popular cryptocurrency wallet and decentralized application browser extension. Adding the Mode Network to MetaMask allows users to easily access and interact with various decentralized finance applications and tokens. In this article, we will guide you through the steps to seamlessly integrate the Mode Network into your MetaMask wallet, unlocking a world of ... Read more

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

Apr 30, 2024 | 22:25 pm

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

Revolut's Former Exec Launches $6.5M Crypto Exchange

Apr 30, 2024 | 13:38 pm

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

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

Apr 30, 2024 | 12:45 pm

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

What is Nibiru chain (NIBI)?

Apr 19, 2024 | 08:33 am

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

How to Add SatoshiVM to MetaMask

Apr 18, 2024 | 22:26 pm

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

How to Add Degen Chain to MetaMask

Apr 18, 2024 | 21:16 pm

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

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

Apr 17, 2024 | 20:27 pm

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

Coinbold Announces Strategic Investment in Mars4 – MARS BATTLE

Apr 13, 2024 | 02:33 am

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

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

Apr 8, 2024 | 01:12 am

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

What is Saga (SAGA)?

Apr 4, 2024 | 00:46 am

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

What is Ethena Labs (ENA)?

Apr 2, 2024 | 00:49 am

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

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

Apr 1, 2024 | 09:24 am

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

What is Mystiko.Network?

Mar 31, 2024 | 01:29 am

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

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

Mar 30, 2024 | 03:20 am

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

How to Add Core to MetaMask

Mar 25, 2024 | 20:33 pm

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

How to Add NEO to MetaMask

Mar 25, 2024 | 08:02 am

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

How to Add Shardeum to MetaMask

Mar 25, 2024 | 01:51 am

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

Protected: Folks Finance

Mar 22, 2024 | 04:53 am

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

Mar 10, 2024 | 23:58 pm

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

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

Mar 8, 2024 | 04:25 am

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

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

Mar 8, 2024 | 04:14 am

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

DePIN: Is it the Next Big Wave in Blockchain?

Feb 29, 2024 | 21:51 pm

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

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

Feb 27, 2024 | 22:22 pm

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

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

Feb 26, 2024 | 22:19 pm

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

Octavia Web3 Assistant Leverages AI for Improved Crypto Insights and Management

Feb 17, 2024 | 22:16 pm

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

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

Feb 17, 2024 | 22:00 pm

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

What is ERC-404?

Feb 7, 2024 | 23:24 pm

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

How to Add Nibiru to MetaMask

Feb 1, 2024 | 20:19 pm

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

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

Jan 24, 2024 | 06:32 am

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

Coinbold Announces A Strategic Investment in Octavia

Jan 20, 2024 | 01:45 am

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

Blockchain Life 2024 in Dubai – Waiting for ToTheMoon

Jan 18, 2024 | 18:19 pm

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

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