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FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny
5.4.2024
In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule. Insiders Say FTX Sold Millions of Locked Solana...
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
5.4.2024
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks....
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
5.4.2024
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March...
Meme coins take center stage: A look at this week’s crypto news
5.4.2024
Q1 results show the meme coin frenzy Memecoins were determined to be the most profitable investments in Q1 of 2024, per a recent CoinGecko research. Memecoins have yielded remarkable returns, averaging 1,312.6%. Notably, based on market capitalization, tokens from WIF, MEW, BOME, and other...
Crypto market braces for turbulence after SBF conviction, rate cut revision
5.4.2024
The crypto market is known for its volatility. More than that, it is known for housing turbulence; most of it makes it to the surface and then the reports. Volatility entails fluctuations in the price, and turbulence pertains to incidents that catch tons of attention. That said, BTC and ETH...
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
5.4.2024
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power...
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
5.4.2024
In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a confidential meeting and vote resulted in the annulment...
ENA craze: Cryptocurrency whales dive into Ethena for fresh coin profits
5.4.2024
The cryptocurrency market is witnessing a new wave of enthusiasm, with Ethena at the epicenter of a burgeoning investment craze. Cryptocurrency whales, the term affectionately used to describe large-scale investors who can significantly influence market movements with their trades, are increasingly...
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
5.4.2024
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...
Is Wormhole About to Crash? W Price Drops 18% as Whale Money Shifts to Slothana
5.4.2024
Wormhole’s W token is down 18% in the last 24 hours, barely two days after listing on Binance, according to data by CoinGecko. The losses come amidst a broader market pullback that has shaved 2.2% off the price of Ethereum (ETH), the world’s second-largest cryptocurrency by market...
This Easter season, Koala Coin (KLC) beckons Stellar (XLM) and Ethereum Classic (ETC) fans with prospects of 85x returns
5.4.2024
The cryptocurrency market is always abuzz with new projects and potential hidden gems. This Easter season, investors with an eye for promising altcoins are turning their attention to Koala Coin (KLC). This latest project has been raising the dust with its novel approach to meme culture. Its ongoing...
Crypto VC Investments soar 38% in Q1, breaking a two-year trend
5.4.2024
In a notable departure from the prevailing trend of the past two years, venture capital investments in the cryptocurrency sector experienced a substantial upswing during the first quarter of the year. According to data compiled by industry analysts, the surge amounted to a remarkable 38% increase...
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
5.4.2024
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over...
Fantom completes the initial stage for releasing its stablecoin UDDC.e
5.4.2024
The Fantom Foundation has completed its first stage of introducing its stablecoin USDC.e, boosted by Wormhole, and is utilizing Circle’s bridged USDC standard. Initially, being a bridged USDC stablecoin from Ethereum (USDC.e), the token is now the stablecoin about the Fantom network. The initial...
Coinbase gets listed as a Registered Dealer by CSA
5.4.2024
Coinbase, the world’s biggest cryptocurrency exchange, received a listing as a Registered Dealer by the Canadian Securities Administrators (CSA), an absolute first for Canada. The preparations for this enormous achievement began in the first half of last year. The signing of an Enhanced...
Bitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick
5.4.2024
Bitcoin’s price oscillation between $66,182 and $69,199 within 24 hours underscores a battlefield where bulls and bears vie for dominance. Bitcoin Bitcoin’s 1-day chart reveals a narrative of volatility, with the asset’s price making significant leaps and bounds. This...
Ripple announces the release of USD-backed Stablecoin
5.4.2024
Ripple is a well-known service provider for crypto solutions and enterprise blockchain. It has announced plans to launch a stablecoin pegged 1:1 to the US dollar (USD). US dollar deposits, short-term US government treasuries, and other cash equivalents will fully fund Ripple’s stablecoin....
Brooklyn District Attorney Seizes 21 Web Domains Linked to ‘Pig Butchering’ Scams
5.4.2024
The Brooklyn District Attorney's office has seized 21 web domains associated with fraudulent cryptocurrency investments.
The post Brooklyn District Attorney Seizes 21 Web Domains Linked to ‘Pig Butchering’ Scams appeared first on Cryptonews
Peter Brandt slams “Outrageous” Ethereum gas post-Dencun upgrade
5.4.2024
Eminent financial specialist and professional marketer Peter Brandt has once again doubted the prospects of Ethereum (ETH), the well-known blockchain platform, the originator of smart contracts, and the foundation of the Decentralized Finance (DeFi) industry. According to Brandt, Ethereum, despite...
Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund
5.4.2024
Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment fund, the largest since its previous $2.5 billion...