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Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...
Zilliqa expands its presence in Europe by listing on Bit2Me exchange
2.5.2024
ZIL is now available on Bit2Me, a major European and Latin American exchange. ZIL, the native cryptocurrency of Zilliqa—a blockchain with high throughput and low transaction fees—is now listed on Bit2Me. Bit2Me is one of Europe and Latin America’s most popular centralized exchanges. It is...
Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training
2.5.2024
The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment...
Dogecoin (DOGE) enters a new phase of accumulation
2.5.2024
Market reports indicate that Dogecoin will soon experience a reversal of the current market trend. The ratio between Dogecoin market value and realized value is a positive signal for the crypto market. An industry report indicates that Dogecoin’s MVRV ratio for 30 days is around minus 15%....
Hundred Finance hacker moves stolen assets a year after $7M exploit
2.5.2024
The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet
Solana Struggles: Staker Exodus, Network woes threaten $100 support
2.5.2024
Solana, one of the most popular cryptocurrencies in the market, is struggling to maintain its bullish momentum. After crossing the 150-dollar mark, the crypto entered a correction phase. Currently, SOL is trading at 129.54 dollars, a 4.41% hike in the past 24 hours. However, the crypto has lost...
Bitcoin post-halving price consolidation could last 2 months, says Bitfinex
2.5.2024
The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
2.5.2024
Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next?
Indian enforcement agency collaborates with Binance to bust scam app
2.5.2024
The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
2.5.2024
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation
Nigeria’s Patricia Exchange CEO debunks closure rumors
2.5.2024
Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity
2.5.2024
Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms....
Can meme coins like Doge survive in the long run?
2.5.2024
Meme coins are a special cryptocurrency that has become extremely popular in digital currencies. The rise of meme culture on the internet is the source of these coins. One of the first and most well-known meme coins, Dogecoin (DOGE), was developed in 2013 as a joke to parody popular...
Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User Rights
2.5.2024
Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis...
Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report
2.5.2024
The allegations against Block include inadequate customer information collection, processing transactions involving countries under U.S. sanctions, and facilitating cryptocurrency transactions for terrorist groups.
The post Jack Dorsey’s Block’s Crypto Unit Under Investigation Over...
Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups
2.5.2024
Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring systems after a former employee revealed lapses that included processing...
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
2.5.2024
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance...
Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin
2.5.2024
Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to...
Top Crypto Gainers Today on DEXScreener – AITAX, AMERICA, BOOE
2.5.2024
In wake of the cryptocurrency market’s latest tumble which saw Bitcoin (BTC) drop convincingly below $60,000 for the first time since late February, traders are turning to the on-chain markets as they hunt for top crypto gainers today.
The post Top Crypto Gainers Today on DEXScreener – AITAX...
Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality
2.5.2024
Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect...