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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....
Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers
5.4.2024
A crypto-supportive bank in Hong Kong is already in touch with five corporate clients planning to become stablecoin issuers.
The post Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers appeared first on Cryptonews
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...
Best Crypto to Buy Today April 5 – NEAR Protocol, Toncoin, Bitcoin Cash
5.4.2024
As major crypto prices chop within weekly ranges as traders contend with more strong US economic data and fresh hawkish commentary from Fed policymakers which has had the combined effect of pushing markets to downsize bets on Fed rate cuts in 2024, investors looking for fast returns continue...
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
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...
Jeo Boden Price Hits New All-Time High as Eyes Turn to Another Meme Coin’s Upcoming Exchange Debut
5.4.2024
Solana meme coin markets are on fire again, and in the latest DEX launched pump, recent legend Jeo Boden crypto token has exploded to a new all-time high. This article will provide an analysis of BODEN’s current price trends and look to see whether an upcoming meme coin CEX listing for DOGE20...
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...
Crypto VC Funding Surges in Q1 2024, Breaking 2-Year Downtrend
5.4.2024
Venture capital (VC) funding in the crypto space has experienced a surge in the first quarter of 2024, breaking a two-year downtrend.
The post Crypto VC Funding Surges in Q1 2024, Breaking 2-Year Downtrend appeared first on Cryptonews
Matt Duea, Co-Founder of Roobet, on Web3 Casinos and Sports Betting, Crypto Gambling, and The Future of Crypto Gambling Regulations | Ep. 323
5.4.2024
Matt Duea, co-founder of popular betting brand Roobet, talks about the natural connection blockchain and crypto have with the gaming and betting worlds, the difference between Web2 and Web3 gambling, the partnerships with Snoop Dogg and UFC, and why influencer gambling streams are...
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...
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...
South Korea to Tighten Token Exchange Regulations, Including Blocking Hacked Tokens
5.4.2024
South Korea is set to introduce stricter regulations for token listing on exchanges, including the blocking of tokens that have been hacked.
The post South Korea to Tighten Token Exchange Regulations, Including Blocking Hacked Tokens appeared first on Cryptonews
BlockDAG’s whitepaper launch & $13.2M raise signal a new era of growth for this crypto; STRUMP and Fantom price analysis
5.4.2024
BlockDAG, the layer 1 blockchain titan, is stealing the spotlight with its innovative design, the release of its technical whitepaper, and successfully raising over $13.2 million in presale, outshines traditional analyses like Fantom price analysis and even Super Trump’s (STRUMP) price surge....
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...
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
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...