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PlayFi announces plans to start a Polygon PoS network node license presale
24.5.2024
PlayFi has announced its plans to roll out a presale event for node license on Polygon. This officially marks the entry of the AI-powered data network. PlayFi has called this a pivotal moment, reflecting a blended vision of Blockchain and gaming. Notably, this is not the first time Blockchain...
Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized
24.5.2024
Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.
The post Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized appeared first on Cryptonews
New York customers can avail of XRP trading by Coinbase now
24.5.2024
The largest crypto exchange in the USA has reintroduced support for XRP, a leading cryptocurrency, in New York on 23rd May 2024. New York residents can buy and sell cryptocurrency on Coinbase once again and trade on Coinbase.com or the cryptocurrency exchange’s mobile applications. The legal head...
BNB coin price eyes to cross $700 after recent surge
24.5.2024
Currently, the pricing of BNB has increased by 5%, reaching the figure of $614, with every probability of it hitting the $700 mark. As per crypto analysts, if BNB takes advantage of the bullish sentiment about the markets, it may even go higher. It is being predicted that June will be extremely...
Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets
24.5.2024
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance (SFO) and the Anti-Money Laundering...
UAE agriculture authority prohibits crypto mining on farms: Report
24.5.2024
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722
The House passes a crypto regulatory framework bill; what’s next?
24.5.2024
FIT21 has reached a significant milestone. The House has cleared the way for the legislation to climb the ladder rather than move to the Senate and President to become law officially. What lies next is a phase of optimism and clarity for the crypto market. Biden’s opposition to the bill...
Nvidia beats Q1-2024 statistics, boosting AI coin speculation
24.5.2024
Nvidia has published its numbers for the first quarter of 2024. They are promising, as there is a significant increase of 262% on a yearly basis. Revenue has soared to $26 billion, up 18% in the last three months. The majority of the momentum is built around artificial intelligence. Hence, there...
Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity
24.5.2024
Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin...
Solana Price Prediction as ETF Rumors Emerge – Is $10,000 SOL Possible?
24.5.2024
The Solana price has dropped by 8% in the past 24 hours, falling to $163.28 on a day when the cryptocurrency market as a whole has lost 4%.
The post Solana Price Prediction as ETF Rumors Emerge – Is $10,000 SOL Possible? appeared first on Cryptonews
Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in
24.5.2024
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers
Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized
24.5.2024
Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with...
Top crypto trader on Binance says buying this Ethereum presale is like buying BNB at $1
24.5.2024
Investors who bought BNB at its initial coin offering (ICO) in 2017 witnessed enormous returns as the token’s value sharply increased. Subsequently, crypto investors have begun to look for the next BNB, and a top crypto trader on Binance has revealed that the coin is ETFSwap (ETFS)....
Legendary crypto trader predicts massive altcoin season, TRON (TRX), Ripple (XRP), and RCO Finance to win big
24.5.2024
The legendary crypto trader boldly predicted the upcoming altcoin season with Ripple (XRP), TRON (TRX), And RCO Finance set for massive profits. Yoddha, a technical analyst and Bitcoin trader for the last seven years, is more famously known as @CryptoYoddha on X. He is renowned for accurate...
US courts to handle Coinbase Dogecoin sweepstakes disputes
24.5.2024
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions
SCOTUS rules against Coinbase over 2021 Dogecoin sweepstakes
24.5.2024
The Supreme Court of the US has delivered a verdict against Coinbase, citing that a court should decide where its dispute about the Dogecoin sweepstakes belongs. This means that arbitrators will not have a role to play here, and it will only be the court that does so. This situation occurs because...
Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme
24.5.2024
Now-failed Heartland Tri-State Bank CEO Shan Hanes squandered millions in cryptocurrency, leading to the bank’s failure in July 2023.
The post Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme appeared first on Cryptonews
Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data
24.5.2024
The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million...
Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse
24.5.2024
Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts....
Kelp DAO Secures $9 Million in Private Sale to Boost Defi Expansion
24.5.2024
Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (defi) sector. The funding aims to enhance the platform’s capabilities and expand into new ecosystems, including Solana and Bitcoin. Restaking...