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President Joe Biden is trying hard to 'kill crypto', says Cardano founder
10.5.2024
“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States
Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction
10.5.2024
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family....
Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
10.5.2024
Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique...
Altcoins will bottom in early summer before bull run — Analyst
10.5.2024
An altcoin bull run would first require Bitcoin to break out from its current range, according to Nansen's principal research analyst
BlockDAG innovates with 10 new payment options and a surge to $0.007, eclipsing Bonk (BONK) and Dogwifhat (WIF) potentials
10.5.2024
Bonk (BONK) emerges from its meme coin status with robust community support and technological advancements. Similarly, Dogwifhat (WIF) transitions from its quirky origins to a token focused on rewarding long-term investment. Amidst these developments, BlockDAG distinguishes itself by not only...
Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency
10.5.2024
Deutsche Bank criticized Tether stablecoin, questioning its solvency and its industry standard for crypto derivatives.
The post Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency appeared first on Cryptonews
BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals
10.5.2024
Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients.
The post BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals appeared first on Cryptonews
Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million
10.5.2024
An attacker involved in a $68 million address poisoning scam has returned $153,000 worth of Ether to the victim and expressed willingness to negotiate further.
The post Attacker Returns $153,000 Worth of Ether to Victim After Stealing $68 Million appeared first on Cryptonews
Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever
10.5.2024
Pantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the platform’s large user base and potential for fostering cryptocurrency adoption and innovation in decentralized finance. This partnership is set to reinforce the principles...
Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency
10.5.2024
Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing...
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
10.5.2024
Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these...
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...