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Bitcoin could soon ‘BLOW higher’ on bullish candle hammer: Glassnode execs
10.5.2024
Traders will be closely watching how Bitcoin’s weekly chart closes on May 12 to look for signs of the end of the downtrend
Agridex Raises $5 Million to Expand Agricultural Tokenization on Solana
10.5.2024
In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg Vineyards. Agridex...
Marathon Digital misses Q1 estimates on bad weather, utility failures
10.5.2024
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme
10.5.2024
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used the dark web to orchestrate the crime, paying...
Gains Network Fork Bug Allowed Traders To Profit 900% On Every Trade: Report
10.5.2024
The Ethereum layer-2-based Gains Network was vulnerable to having all of its funds drained, according to Zellic.
The post Gains Network Fork Bug Allowed Traders To Profit 900% On Every Trade: Report appeared first on Cryptonews
Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service
10.5.2024
Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.
The post Georgia Protests ‘Are Funded by Overseas Crypto,’ Claims Security Service appeared first on Cryptonews
Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle
10.5.2024
Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some of the cryptocurrencies offered on its platform...
Taiwan Proposes AML Amendments, Seeks Jail Terms and Fines for Non-Compliant Crypto Service Providers
10.5.2024
In response to fraud and money laundering risks in the virtual asset landscape, Taiwan’s Ministry of Justice has proposed several amendments to the city’s existing AML laws, suggesting hefty fines and prison terms for non-compliant service providers.
The post Taiwan Proposes AML Amendments, Seeks...
Pepe Investors Shift to New Bitcoin Project, Targeting 976% Gains Within Months
10.5.2024
As the Pepe Coin (PEPE) price pushes up and eyes a rally back to March highs beyond $0.000010, investors are shifting to an exciting new crypto project as they target potential gains of as much as 976% within months.
The post Pepe Investors Shift to New Bitcoin Project, Targeting 976% Gains Within...
CZ hits back at WSJ, Hong Kong crypto ETF’s take ‘$50B equivalent’: Asia Express
10.5.2024
Binance hits back at claims it fired investigator who found manipulation, Hong Kong crypto ETFs take the “equivalent” of $50B. Asia Express
Ghana Merges Tradition and Technology with NFT Stamp Collection
10.5.2024
Ghana Post has released a limited edition series of crypto stamps to mark the Silver Jubilee of His Majesty Otumfuo Osei Tutu II. Each stamp is connected to a unique NFT, offering collectors verifiable ownership on the blockchain.
The post Ghana Merges Tradition and Technology with NFT Stamp...
Binance Fined Over $4 Million in Canada for Money Laundering Violations
10.5.2024
Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance...
South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb
9.5.2024
Emart24 and Bithumb have teamed up to offer Bitcoin Meal packs, allowing customers to win Bitcoin rewards through a simple app-based process.
The post South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb appeared first on Cryptonews
Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements
9.5.2024
Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is a proof-of-concept designed to expedite and secure...
Trump-themed MAGA memecoin rallies after his pro-crypto comments
9.5.2024
Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains
Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC
9.5.2024
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...
Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
9.5.2024
Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by making digital asset management more user-friendly...
CoinPoker Kicks Off Top Crypto Poker MTT Series Of 2024 – $25M In GTD Prize Pools May 5-26
9.5.2024
Blockchain-based online poker platform CoinPoker launched the biggest crypto poker tournament of the year on May 5th – the CSOP Plus (CSOP+). With an incredible total guaranteed prize pool of $25 Million, this tournament promises to be a thrilling and lucrative event for MTT players. CSOP+...
Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
9.5.2024
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
SEC has taken ‘too expansive’ a view of crypto, says former commissioner
9.5.2024
Former SEC commissioner Troy Paredes was not the first to criticize the U.S. financial regulator’s lack of clarity on digital assets