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Time to buy Bitcoin? Recent downturn shows off advanced Octoblock features
25.4.2024
The recent Bitcoin price drop has prompted astute investors to consider entering the market while simultaneously displaying the potential of Octoblock’s advanced features. Bitcoin price The Bitcoin price plunged below $60,000 on April 17, reaching levels last seen in February. This decline...
Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking Event
25.4.2024
Chivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the security of its data...
Instagram Influencer ‘Jay Mazini’ Sentenced to 7 Years in Prison for Multi-Million Dollar Crypto Ponzi Scheme
25.4.2024
Instagram influencer Jebara Igbara, known as "Jay Mazini," has been sentenced to seven years in prison for orchestrating a multi-million dollar cryptocurrency Ponzi scheme.
The post Instagram Influencer ‘Jay Mazini’ Sentenced to 7 Years in Prison for Multi-Million Dollar Crypto Ponzi...
Memecoins are like a ‘risky casino’ — Andreessen Horowitz CTO
25.4.2024
The chief technology officer of VC firm a16z said that memecoins are like risky casinos that deter real builders from the crypto ecosystem
Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users
25.4.2024
Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and...
REZ tokenomics statement on Binance depegs Renzo’s ezETH 18.3%
25.4.2024
The fall of the Renzo restaking token was within minutes before its ultimate recovery, and it trades below ether as of now. This trend is probably due to the user’s intention to exit ezETH after getting an idea about Renzo restaking token’s totally confusing distribution plan. Some crypto experts...
Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information
25.4.2024
The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’...
EU enacts crypto regulations to combat money laundering
25.4.2024
The new legislation would impact crypto-asset service providers (CASPs), like centralized crypto exchanges under MiCA (Markets in Crypto-Assets Regulation)
How CBDCs are Ripple’s best chance of mass adoption?
25.4.2024
CBDCs, or Central Bank Digital Currencies, are digital forms of a national currency issued and regulated by its central bank. They constitute a significant breakthrough in the digital economy, as they simplify transactions, resulting in wider financial inclusion. Ripple, one of the most prominent...
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
25.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...
Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests
25.4.2024
Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license....
S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape
25.4.2024
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced...
Block Unveils Bitcoin Conversion Feature for Square Merchants
25.4.2024
On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their...
OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts
25.4.2024
OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software upgrade. Co-authors Ethan Heilman and Armin...
Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets
25.4.2024
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $745...
Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality
24.4.2024
Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade...
Crypto expert says $1,000 and $10,000 is fair value for Solana and Ethereum, here’s why
24.4.2024
Crypto experts have weighed in on what they think is a fair value for crypto tokens Ethereum (ETH) and Solana (SOL). This comes amidst the never-ending debate about which is superior between the ETH and SOL networks. While this debate carries on, crypto investors have turned their attention to...
Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges
24.4.2024
The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested...
Alert as 300 million Dogecoin gets shifted to Robinhood
24.4.2024
Whale Alert informed us that an enormous amount of prime meme coins, which also involve 300 million Dogecoin, have been shifted to the Robinhood exchange. This occurrence has taken place at a time when the pricing of Doge has been preparing for a release. Whale Alert spoke of 300,000,000 DOGE...
Prosecutors in the US are contemplating 3 years imprisonment for Zhao
24.4.2024
Prosecutors in the US strongly feel that the founder and ex-chief executive of Binance, Changpeng Zhao, deserves a three-year sentencing, as per a recent filing. In the opinion of the Department of Justice, Zhao’s illegal activities were intentional and deliberate. It was an act carried...