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Tornado Cash developer sentenced to 64 months for money laundering
15.5.2024
The Dutch court has pronounced Alexey Pertsev guilty of money laundering, with a sentence of a 64-month-long jail term passed. It was a three-judge bench that passed the verdict pertaining to the Tornado Cash builder for money laundering, amounting to $2.2 billion in unlawful assets. There is...
Ethereum Classic launches first USD-backed stablecoin: Classic USD (USC)
15.5.2024
The Ethereum Classic proudly announces the launch of Classic USD, its premium stable coin denominated in American dollars. The recent announcement is a byproduct of the collaboration between Brale, a stablecoin issuer, and web3 developers at the Ethereum Classic system. The Classic USD stablecoin...
Could these cryptocurrencies dethrone Bitcoin in 2024?
15.5.2024
The cryptocurrency market brims with numerous cryptocurrencies, each being significant in its own way. New crypto coins are mined frequently, creating tough competition for survival among the newbies. Eventually, cryptocurrency lovers find themselves seated at the edge of their seats and pondering...
Can Bitcoin transform the future of work in the digital Gig economy?
14.5.2024
Bitcoin was the first ever digital currency to accomplish value transfers, excluding the intervention of central authority, which otherwise incurred doubled expenses. Bitcoin’s most coveted blockchain technology, which underlies the transaction mechanisms, makes this a possible phenomenon. Such...
BlockDAG promises the next big win: Office worker strikes gold with Solana, now aiming for a 30,000x ROI with BDAG
14.5.2024
Success stories like that of an office worker who turned a desperate investment in Solana into over $20,000 are truly inspiring. BlockDAG, a newcomer in the blockchain arena, aims to offer similar opportunities. Highlighting a remarkable potential for a 30,000x return on investment, this...
Polygon exec: Tokenized funds set to disrupt stable coin market
14.5.2024
With the proliferation of Blockchain technology among major financial institutions around the globe, token financial products may mark the return of the vintage financial scene. This trend may disrupt and pose a challenge to the long-standing dominance of stablecoins in this domain. According...
Lido and Aave generate more fees than Ethereum and Bitcoin
14.5.2024
The decentralized finance platforms generated more fees than the top blockchain ecosystems, including Bitcoin, Solana, and Ethereum. Lido and Aave accrued $2.34 million and $1.85 million, respectively, during the specific period. Ethereum, Solana, and Bitcoin secured $1.84 million, $1.17 million...
Kaspa network launches Rusty Kaspa Node in open beta
14.5.2024
Kaspa network brings the initial stable Rusty Kaspa (RK) node to the table, via which they will be moving towards an enhanced and maximized engine. Presently, being a segment of open beta, RK nodes consist of one-fourth of the P2P network and 29% related to hashrate mined via them. Transitioning...
‘FAIRY TAIL’ digital collectibles coming to Quidd on May 24
14.5.2024
Fans of the beloved manga and anime series “FAIRY TAIL” have reason to celebrate as Animoca Brands Japan, a leading digital entertainment company, and Quidd, a digital collectibles platform, have announced their collaboration to release digital collectibles featuring characters from...
Ethereum trades sideways as institutional whales pile into Coinbase
14.5.2024
On Monday, Ethereum (ETH) continued to trade within a narrow range while the market was still calm. However, institutional investors also referred to as “whales,” continued to exhibit significant volume activity by purchasing large amounts of Ethereum for Coinbase. After a week,...
Aptos revolutionizes Blockchain with sub-second latency
14.5.2024
Aptos is becoming an absolute game changer regarding blockchain, especially regarding the introduction of its sub-second E2E latency. Acceleration is the key to digital transactions. It is required in every scenario, such as swapping assets on a decentralized exchange (DEX) or playing an exciting...
Jito DAO considers a $29M liquidity mining investment from the Treasury
14.5.2024
Jito DAO, a Solana-oriented liquid staking solution, is mulling over 7.5 million dollars of conventional JTO token expenditure for liquidity mining. The figure amounts to approximately $29 million, as per the present pricing. It is a segment of the total 240 million JTO holding about the DAO’s...
Pepe coin makes historic leap, surges to new ATH
14.5.2024
PEPE, the deflationary memecoin on Ethereum, reached new heights in its journey. In the early hours of May 14th, PEPE reached its new all-time high, a whopping +37500% increase from its all-time low, standing at $0.000011. Many investors have been hopeful about the token’s performance since...
WASD Studios unveils its unique Web3 Gamefi project
14.5.2024
The world’s crypto enthusiasts and online gaming fans are celebrating some good news. WASD Studios has developed immersive online games that allow players to relax while providing them with lucrative benefits. The company is working to give the crypto gaming world an unprecedented new dimension. ...
OKX launches spot and derivatives trading in Australia
14.5.2024
OKX has confirmed the launch of OKX Australia Pty Ltd., with an office in Sydney that opened in May 2023. OKX offers spots and derivatives in the region. The spot offering is accessible to all users. Derivative trading is restricted to verified wholesale clients only. The exchange platform allows...
Rain crypto exchange loses $14.1 million in hack
14.5.2024
Rain, a centralized cryptocurrency exchange in Bahrain, fell victim to a hacking incident. The exchange is basically a user-oriented link, adhering to Islamic finance-related fundamentals. Rain provides trading pairs for multiple cryptocurrencies, such as Bitcoin, Ethereum, and many more. It...
MtGox set to distribute $500 million in assets to creditors by October 2024
14.5.2024
MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024. For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...
Spot Bitcoin ETF sees first inflow in five weeks amid market shift
14.5.2024
There is a notable shift in the market, with Spot Bitcoin ETF banking an inflow for the first time in five weeks. There was a trend of outflow for 4 consecutive weeks, but that has been broken with the inflow of $130 million in total. This pertains to the US Spot Bitcoin ETF offering with …
Dormant Bitcoin wallet awakens to $61,000 windfall
14.5.2024
In a surprising twist that echoes tales of buried treasure, an old Bitcoin wallet that has been inactive since 2011 suddenly becomes active, transferring an amount of $30 million worth of Bitcoin. This unforeseen incident has triggered the interest of the people engaged in the world...
Newest dog meme coin Dogeverse raises over $15 million in crypto presale
14.5.2024
The crypto market has witnessed a resurgence of meme coin activity, and this new entrant, Dogeverse, is taking the lead. This new meme coin has surpassed the $15 million mark in its current presale in a display of savvy investor backing. This remarkable feat signals a potential boom for Dogeverse...