Latest Crypto News

Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, a new bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins. The bill aims to protect consumers, promote innovation, and maintain the dominance of the US dollar while addressing concerns related to money laundering and illicit finance. (Read More)

Kraken has launched Kraken Wallet, a self-custodial wallet that offers simplicity, security, and power to users. The wallet allows seamless interaction with popular blockchains, comprehensive portfolio tracking, and WalletConnect integration. With a focus on privacy and backed by Kraken’s industry-leading security measures, Kraken Wallet aims to accelerate crypto adoption and empower users in the decentralized world. (Read More)

Binance Pool has recently announced the launch of the Nervos Network (CKB) mining service, offering users the opportunity to mine CKB with zero pool fees during the promotion period. Find out how to get started and take advantage of this exciting opportunity. (Read More)

Scroll has unveiled Scroll Sessions, a groundbreaking native zkEVM Layer 2 solution for Ethereum that aims to enhance scalability and reduce transaction costs. This article provides an overview of Scroll Sessions and its potential impact on the Ethereum ecosystem. (Read More)

Binance introduces new trading pairs and Trading Bots services on its Binance Spot platform, enhancing users’ trading experience with more options and automated strategies. (Read More)

US Senator Elizabeth Warren has urged Treasury Secretary Janet Yellen to include comprehensive Anti-Money Laundering and Combating the Financing of Terrorism measures for stablecoins, highlighting potential risks of funding terrorist activities. (Read More)

Binance has introduced Binance Megadrop, a token launch platform that combines airdrops and Web3 quests. Users can subscribe to BNB Locked Products and complete tasks in their Web3 Wallet to gain early rewards from selected Web3 projects, including BounceBit (BB), a BTC restaking chain. (Read More)

CoinGecko’s recently released 2024 Q1 Crypto Industry Report reveals significant growth in the cryptocurrency market, with the total market cap reaching $2.9 trillion. The report covers various aspects, including the performance of Bitcoin and Ethereum, the rise of decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and the performance of centralized and decentralized exchanges. (Read More)

UK Finance is launching an experimental phase to explore the UK Regulated Liability Network’s potential in payment-upon-delivery, homebuying process improvements, and digital bond settlement, aligning with Project Rosalind. (Read More)

In a recent speech, Bank of Israel Deputy Governor Andrew Abir expressed his support for the competition between commercial banks and the forthcoming Central Bank Digital Currency (CBDC) known as the digital shekel. Abir believes that the digital shekel has the potential to enhance competition in the financial system and benefit the economy as a whole. (Read More)

The post 2024 F1 Chinese Grand Prix Preview: Predict Who Will Challenge Max Verstappen & Win Prizes! appeared first on Coinpedia Fintech News Formula One returns to the Shanghai International Circuit this weekend, and with it comes a burning question: can anyone stop the juggernaut that is Max Verstappen and Red Bull Racing? After dominating last season and winning 3 of the opening 4 races this season, the Dutchman is well on course to secure his 4th World …

The post Bitcoin Whales Make Massive Move as Bitcoin Price Surges to $65K – Are Bulls Back? appeared first on Coinpedia Fintech News Throughout the week, both Bitcoin and altcoins experienced a continuous drop in value, which began following increased tensions between Iran and Israel over the weekend. This decline led Bitcoin to fall below $60,000, sparking worries among investors. Meanwhile, such a drop made some investors nervous and caused them to stay away from the market, others …

The post Pushd Welcomes Aptos and Avalanche Investors to Transform April’s E-Commerce Scene Stage 6 Presale Acclaimed for Its Success appeared first on Coinpedia Fintech News When one considers innovative projects such as Aptos and Avalanche, these digital assets are of appeal to anyone looking for transformative investment prospects. As this is going on, Pushd is also rising as one of the leading e-commerce platforms. It has now entered Stage 6 of the presale. As all these factors affect the market, …

The post Best Play-to-Earn (P2E) Coins to Accumulate During Year of the Dragon appeared first on Coinpedia Fintech News The world of Play-to-earn (P2E) coins is rapidly evolving with new projects consistently coming out attempting to dethrone giants, and reward players with massive earning opportunities. While not all of them succeed with this goal, the latest KangaMoon (KANG) presale has proven to be a success as it has managed to see a 290% rise …

The post SEC Claims Justin Sun’s Extensive US Travels, Swinging Lawsuit in Their Favor appeared first on Coinpedia Fintech News The United States Securities and Exchange Commission (SEC) has strengthened its lawsuit against Tron founder Justin Sun, alleging that his extensive travel to the U.S. gives the regulator jurisdiction over him despite his attempts to dismiss the case.  The SEC claims that Sun’s extensive travel to the United States provides grounds for jurisdiction, intensifying the …

The post BEFE Coin: The Next Big Cryptocurrency with Soaring Price Potential appeared first on Coinpedia Fintech News The cryptocurrency market thrives on constant evolution, and with the emergence of BEFE Coin, it has positioned itself as an attractive platform for investors looking for the next big opportunity. Unique elements such as strong community support and cutting-edge technology combine to create a cryptocurrency poised for success in the digital asset sector. The following …

The post Bitgert Coin: The Next Big Thing After Bitcoin Halving appeared first on Coinpedia Fintech News Have you been closely following the cryptocurrency market in recent times? The beginning of 2024 was great for the market as the prices of the currencies just skyrocketed. But now, as the correction has taken place, even Bitcoin just come down to half the profit that it earned during the bull run. So, which currency …

The post TIA Price Hints A Bullish Reversal! Celestia Price To Hit $15 Soon? appeared first on Coinpedia Fintech News The cryptocurrency industry has displayed a bullish reversal as the top crypto tokens have added over 5% in their respective portfolios within the past few hours. Furthermore, the price of Bitcoin has successfully crossed the $64K mark, indicating a positive outlook for the market this week. The Celestia price has recorded a significant jump of …

The post Crypto Market Predictions: Experts Bullish on Bitcoin and Altcoins appeared first on Coinpedia Fintech News The world of cryptocurrency is changing faster than the internet did in its prime. Despite recent ups and downs, experts remain confident about its future. While some cryptocurrencies have taken a hit, partly due to less investment in Bitcoin funds, all eyes are on the upcoming Bitcoin halving event in 2024, expected to drive prices …

The post NEO Price $30 This Month With Buyers Dominating $17 Retest appeared first on Coinpedia Fintech News As the selling pressure stress reduces over the market, many altcoins are resurfacing into the top-performers list. Amongst them, the NEO price showcases strong potential to surge in the coming days.  With an ongoing bull run, the NEO token is overcoming the shortfall during the minor correction phase. With this, the chances of another surge …

A widely followed crypto analyst and trader is expressing bullish sentiment on a Solana (SOL) competitor while offering his forecast on three altcoins. Starting with Sei (SEI), the analyst pseudonymously known as Altcoin Sherpa tells his 215,200 followers on the social media platform X that the native token of the layer-1 blockchain “could be a […] The post Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia appeared first on The Daily Hodl.

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the […] The post Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline appeared first on The Daily Hodl.

A widely followed crypto strategist is warning about the altcoin market as projects like Chainlink (LINK) correct. Pseudonymous analyst Altcoin Sherpa tells his 214,900 followers on the social media platform X that most altcoins may enter a months-long consolidation phase. “It’s quite possible that altcoins are done for the next one to four months. There […] The post Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others appeared first on The Daily Hodl.

Stablecoin issuer Tether (USDT) says it’s branching out and advancing beyond just offering dollar-pegged crypto assets. In a new announcement, Tether says that it is adding four new divisions to its business model – data, finance, power, and education – as a means of creating an inclusive, future-proof financial and tech ecosystem. “Tether’s expansion beyond […] The post Beyond Stablecoins: USDT-Issuer Tether Announces New Distinct Business Divisions appeared first on The Daily Hodl.

A crypto whale that bought $151.42 million in Ethereum (ETH) near its market cycle bottom in September 2022 appears to be taking some profits, according to the digital asset tracker Lookonchain. Lookonchain notes that the whale withdrew 96,638 ETH from Coinbase at an average price of $1,567 between September 3rd and Sept 7th, 2022. In […] The post Whale Who Bought Ethereum at 2022 Bottom Sends 5,000 ETH to Kraken: Lookonchain appeared first on The Daily Hodl.

One widely followed crypto trader is breaking down Bitcoin (BTC) after a 9% crash over the last week. Pseudonymous crypto analyst Rekt Capital tells his 452,800 followers on the social media platform X that BTC’s current re-accumulation phase may fool some traders into thinking it’s a Bitcoin breakdown. “One of the key things to note about Bitcoin’s […] The post ‘The Q1 Hype Cycle Is Over’: Crypto Analyst Updates Outlook on Bitcoin (BTC) After Deep Pullback appeared first on The Daily Hodl.

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is voicing her disappointment with what she says is the agency’s lack of predictability. In a speech, Peirce says the enforcement actions brought by the SEC against blockchain-based file-sharing payment network Library (LBRY) and crypto asset trading platform ShapeShift arose because of regulatory ambiguity. “Some of […] The post Hester Peirce Calls Two of SEC’s Enforcement Actions ‘Arbitrary,’ Says Agency’s Ambiguity May Be Deliberate appeared first on The Daily Hodl.

A computer scientist who claims to be the pseudonymous creator of Bitcoin (BTC) is dropping his lawsuit against Bitcoin developers. According to a new post by the Bitcoin Legal Defense Fund, Craig Wright, who for years proclaimed to be Satoshi Nakamoto, is dropping his case against the 12 Bitcoin developers and others he sued in […] The post Self-Proclaimed Bitcoin Creator Craig Wright Drops Lawsuit Against BTC Developers appeared first on The Daily Hodl.

The founder of venture capital firm Pomp Investments, Anthony Pompliano, is predicting Bitcoin (BTC) will soar to six figures in about one year. In a new interview on CNBC Squawk Box, Pompliano says he believes Bitcoin could reach at least $100,000 within 12 to 18 months. However, he warns that Bitcoin may first dip below […] The post $100,000+ Bitcoin Coming in the Next 12–18 Months, Predicts Anthony Pompliano – But There’s a Catch appeared first on The Daily Hodl.

Ripple’s chief legal officer (CLO) Stuart Alderoty says the payments company is taking action in response to a court filing submitted by the U.S. Securities and Exchange Commission (SEC) last month. In a motion filed on March 25th, the SEC requested that the US District Court for the Southern District of New York order Ripple […] The post Ripple To File Response to SEC’s $2,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO appeared first on The Daily Hodl.

The SEC argued that because Justin Sun “traveled extensively” to the U.S., the case falls under the regulator’s jurisdiction.

Bitcoin touched $65,000 as it experienced another jolt of volatility ahead of the BTC halving, set to take place late tonight.

At Token 2049 in Dubai, The Open Network’s director of investments sat down with Decrypt’s Sander Lutz to discuss what he sees as the game-changing integration of USDT onto TON, and his plans for getting Telegram’s 900 million users to start using crypto in the immediate future.

Bitcoin fell again late Thursday amid reports of explosions in Iran, and with the quadrennial halving event less than a day away.

Meta has deployed its brand new Llama 3 AI model across its massively popular apps.

Analysts at America’s biggest bank say the quadrennial event has already been priced in for BTC.

Ansem, the crypto trader who’s amassed a sizable following on the back of meme coin Dogwifhat (WIF) and other calls, chats with Decrypt reporter Sander Lutz at Token 2049 Dubai about his meme coin thesis, why he’s bullish on Bitcoin Runes, and what he sees ahead for the crypto markets.

Shark Cat used the likeness of a social media-famous feline without permission. Now the cat’s owner is fighting back.

On-chain analysis back a bullish view, but major banks see more losses ahead.

The JP Morgan CEO revisits some of his classic digs, calling BTC a “decentralized Ponzi scheme.”

Over 4,000 HV-MTL NFTs have been burned by Bored Ape Yacht Club creator Yuga Labs at the request of game studio Faraway.

The Bitcoin halving on Friday has been expected for years. Is the milestone priced in for BTC? Here’s a look back at historical examples.

Firms involved in upcoming Hong Kong ETFs believe that they may cause a ripple effect across Asia—possibly even in China.

Avraham Eisenberg was found guilty of manipulating the Solana DeFi platform Mango Markets in 2022 and fleeing the U.S. with the funds.

UPDATED: The first wave of BitBoy One Genesis handhelds sold out this week. Here’s what you need to know about the Bitcoin gaming device.

Rumors of a PlayStation 5 Pro model are looming large. Here’s everything we know so far about the anticipated Sony PS5 Pro.

Corporate miners have been prepared for the Bitcoin halving for months. At-home miners, by contrast, could face extinction.

The launch is “paving the way for a new era of innovation and growth in DeFi,” said Layer N CEO and co-founder Dima Romanov.

Dubai, AEU, April 18th, 2024, Chainwire   Quest-based battler game Pixelverse, who recently partnered with Mon Protocol the web3 publishing protocol of Pixelmon has announced a “Play-to-Airdrop” pre-listing campaign aimed at enriching the Web3 gaming landscape. Combining elements of exploration, crafting, and combat within a rich cyberpunk universe, the campaign is launching today introduces a […]

To ensure “reliability and stability” Binance has converted its entire insurance fund of BTC and BNB to USDC. But, what does this mean?

Wright dropped the lawsuit against 12 Bitcoin developers after UK court denies he’s Satoshi Nakamoto.

The Bitcoin price has leveled off since yesterday, but left a $255 million trail of liquidations in its wake.

The Ark 21 Shares Bitcoin ETF (ARKB) has seen two straight days of outflows for the first time since the start of the month.

Maison Margiela and The Fabricant’s new digital fashion NFT combines combines physical products with a Web3 and metaverse experience.

Game over? Major tokens like Gala Games, Pixels, Portal, and Xai have dipped by 30% or more in the past week, with some setting new lows.

Notional Bitcoin futures have fallen by $5.2 billion over the past week.

Using tech from Optimism, World Chain will be a dedicated, privacy-preserving network for Worldcoin users.

Decrypt reporter Sander Lutz braved the flooded streets of Dubai this week en route to the Token 2049 crypto conference. Here’s his report.

Decrypt reporter Sander Lutz reports from Dubai amid a historic storm that flooded the famed city, trudging through the streets to complete his essential task: Attending the Token 2049 crypto conference.

The price of BTC has fluttered downward since flying higher than ever a month ago. How low could it go?

Technical terms relating to Bitcoin are entering the public consciousness more than ever—even overtaking memes like “420.”

Setting up your computer to connect to SD3 is no picnic, but it’s worth it. Here’s how.

The ubiquitous meme photo of a guy shouting into an uninterested woman’s ear will be auctioned as an NFT, just weeks after a dog meme sold for over $4 million.

Yuga Labs is streamlining its gaming efforts, as studio Faraway has acquired HV-MTL and Legends of the Mara. Here’s how it will all work.

Bitcoin (BTC) maintains its trend of reaching higher lows amidst choppy market conditions. Exchange-traded funds (ETFs) witness another influx of $125 million. There’s anticipation of Hong Kong approving ETFs for both Bitcoin and Ethereum (ETH) come Monday. Notable institutional investor BlackRock shows interest in Bitcoin. Recent filings reveal increased Bitcoin purchases by banks. A Bitcoin-friendly political party secures victory in the South Korean election. Analyst Kang predicts Bitcoin could surge to $80-100k by May. Meanwhile, Ethereum sees accumulation by stablecoin whales on the rise. A new Ethereum Improvement Proposal (EIP) aims to streamline signing requests. Solana (SOL) experiences a resurgence in activity, reaching yearly highs.

On Thursday, Decrypt Media visited NASA’s Jet Propulsion Laboratory in Pasadena, CA to meet with the Engineering team behind the Europa Clipper before its launch to Jupiter’s Europa moon in October.

In this week’s episode, we did a little something different. We took the man who is usually behind the camera and put him in front of it. We sat down with our producer Weesh to dive into how in fell in love with art and became a collector, how he met Andy and fun childhood memories together, his biggest wins in crypto, and so much more.

Worlds collide as Decrypt reporter Sander Lutz heads to the floor of the NYSE to witness a special closing bell ceremony hosted by VanEck in honor of Web3. Featuring Choose Rich Nick, VanEck Head of Web3 Matt Bartlett, and more!

BTC hits $64.5K then rebounds, SOL outperforms. Government sends $2B BTC to Coinbase to sell. Funding rates stay low after sweep lower. ETFs see small inflow, Ark outflow more than GBTC. Wormhole W launches at $15B FDV. BTC ‘inflection point’ if it follows rates or gold. Gold & BTC very correlated for the last year. Expect slower ETF volume this month: Bloomberg. BTC 2x and 3x levered ETFs launch yesterday. BTC ETFs now half the size of gold.

BTC falls another 6% amid $400m liquidations. ETF outflows and dollar strength blamed for move. Funding completely reset to lows in move. BTC lower high leaves market in ‘no trade zone’. This cycle acting ‘nothing like previous cycle’. ETH unlikely to be classed a security: Coinbase CFO. Crypto VC funding up 53% in MarchAnsem’s cat coin sees more volume than NFT market. Most memecoins down 10-20% given move in majors. MEW up 10% after HTX lists, airdrop to Saga phones. MEME to launch memecoin chain, NFTs rise. Pixelmon releases trailer for Anime series.

In this week’s episode, we sit down with Spencer Gordon Sand, the mastermind behind Spencer Ventures. Before launching Spencer Ventures, Spencer was a competitive fencer, Magic the gathering player, and startup enjoyooor. We dive into Spencer’s investment thesis behind NFTs and how his fund invests, finding and buying distressed assets in a bear market , point farming optimization, a peak behind the 3AC liquidation and dickbutt buys, and so much more.

In this week’s episode, we sit down with Intern and Tunez from the Monad team. Prior to Monad, Tunez was working with Delphi Digital and Intern was working at CMS Holdings. They’re two of my oldest friends from crypto twitter. We get into why they joined the Monad team, alpha for finding jobs in the space, biggest lessons from previous cycles, and so much more.

BTC: 70.7k (+1%), ETH: 3585 (0%), SOL: 186 (-1%). Top 100 gainers: DOGE, GT, BCH, RBN. Crypto mixed, BTC-beta & memes outperform. SEC case vs Coinbase set to go to trial. DeFi win as case dismissed vs Coinbase wallet. ETFs see $244m inflows led by Ark. BlackRock ETF fastest growing in history: Fink. ETH ETF possible even if its a security: Fink. ETH spot ETF by May chances only 20%: GSR. SBF sentencing today, faces 50 years.

BTC consolidates around $70k, funding still low. ETFs see $418m inflow as GBTC outflow tiny. BTC set to have record 7th-straight green month. AI coins soar, FET hits ATH amid merger rumour. FET, OCEAN, AGIX token proposed at $7.5bn FDV. DoJ charges KuCoin over money laundering. KuCoin sees $800m outflows after charges. CFTC names ETH & LTC commodities in charges. HK set to allow ‘in-kind’ style ETFs. HSBC launches tokenised gold fund. Fidelity files S1 form for ETH ETF. Short sellers bet $11bn crypto rally won’t last. More customer USDC balances to be stored on Base.

BTC breaks $70K as $175M of shorts liquidated. ETFs see net inflow despite high GBTC outflows. Gold miner set to buy $1.7B BTC. UK to list crypto ETNs in May. ETH ETF may still be approved: Grayscale. Grayscale ETH discount falls to 22%. ETH ETF has no positive signs: Bloomberg. Coinbase pumps 10%, Ark continue to sell shares. Coinbase Int. record trading volumes in March. FTX to sell majority of Anthropic stake for $884M. Trader makes $20m profit in MEW rally. Puppets hit ATH, lead move higher in Ordinals. Azuki flips MAYC market cap in bounce. Magic Eden makes $15m in 30d trading revenue.

Majors continue to rally as ETF sentiment improves. Genesis have likely sold half their GBTC position. BlackRock could flip GBTC holdings in 3 weeks. BTC short squeeze would liquidate $6.6bn by $75k. Lack of on-chain activity indicates ‘limited selling’. BTC crucial to the financial system: BlackRock. Resurging interest in crypto assets: Goldman Sachs. Crypto summer has started: Raoul Pal. Base outpaces SOL & ETH for trading volumes.

Despite Bitcoin’s decline, several alternative cryptocurrencies remain robust. Fantom (FTM) emerges as the top-performing Layer 1 blockchain, while Coinbase introduces futures trading. Exchange-traded funds (ETFs) witness a $94 million outflow, although outflows from Grayscale Bitcoin Trust (GBTC) may decelerate. Approximately $1 billion worth of Bitcoin shorts face liquidation if prices reach $67.8k. Coinbase’s premium resurfaces, marking the first occurrence since Bitcoin’s all-time high. Bitcoin continues its streak with seven consecutive months of positive performance. Solana’s (SOL) decentralized exchange (DEX) achieves a monthly volume of $50 billion, with revenue soaring 30-fold. OKX announces support for a new Solana token standard. Despite expectations, Layer 2 activity remains sluggish post-Dencun, according to Vitalik Buterin.

In this week’s episode, we sit down with Natasha Chomko aka Postwook. Postwook is a Los Angeles based digital artist focused on cooking up some of the most visually pleasing and nostalgia provoking surreal landscape collage art. We dive into Postwook’s origin story, training like an athlete as an artist, diversifying income streams, beating addiction, dealing with the ebbs and flows of being a full time artist in a volatile space, and so much more.

In this episode, we are joined by AJ Warner, the Chief Strategic Officer of Offchain Labs, the main contributors to the Arbitrum ecosystem. AJ is a gigabrain chad who joined the Offchain Labs in November 2020 and has been their CSO since January 2022. We dive into AJ’s crypto origin story, how he joined Offchain Labs, the technical and ideological differences between Arbitrum and other scaling solutions, how the scaling solution business model works, the biggest blockers in crypto as investors and builders, and so much more.

Starting Season 4 of We Do A Little with a great interview featuring Nick and Pio from The Nifty and BoDoggos. Alongside developing their business and identity, they have consistently delivered entertaining morning shows and humorous content centered around the crypto. In this episode, we delve into Nick and Pio’s backgrounds prior to collaborating, explore the story of their meeting, discuss their individual sources of inspiration, examine their strategic approach to expanding the Nifty team, and much more.

The Bitcoin Layer 2 landscape is about to experience a seismic shift with the launch of $MERL, the native token of Merlin Chain. As the largest Layer 2 protocol by total value locked (TVL), Merlin Chain has emerged as a trailblazer in the realm of decentralized applications (DApps), revolutionizing sectors like DeFi, gaming, and social […]

As market sentiment remains volatile, Cardano’s (ADA) price is fighting to stay above the $0.45 threshold.

Is Bitcoin Prime to reach a staggering $150,000 in the wake of the approaching Bitcoin Halving event? This sentiment is shared among analysts; however, it is often accompanied by a crippling fear: “Is it too late to buy into Bitcoin?” This question plagues novices and seasoned adherents wary of missing the golden opportunity. A new […]

Amid this fervour, Polygon (MATIC) shines brightly and is recognized as a top-tier digital asset poised to scale new heights in value and adoption.

Charles Hoskinson, CEO of Input Output Global and co-founder of Cardano (ADA), has emphasized the importance of governance in the blockchain industry, stressing that it cannot be overlooked.

ceτi AI is elated to announce its acquisition of Big Energy Investments Inc., a Canadian company specializing in strategic investments in high-performance computing infrastructure. According to the ceτi AI team, the acquisition is a step forward in realizing ceτi AI’s vision of advancing the development and accessibility of AI technologies. ceτi AI’s mission is to […]

Binance, the world’s largest crypto exchange by trading volume, is looking to return to India after a four-month ban by paying a penalty of $2 million for non-compliance.

Shibarium, the layer-2 solution for the Shiba Inu ecosystem, has witnessed an extraordinary surge in user engagement and transaction volume.

BlackRock, the world’s largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East.

Stuart Alderoty, the chief legal officer at fintech firm Ripple, has cleared the air on the forthcoming court proceedings.

SeedHunter, a centralized platform that allows crypto projects to connect to reliable and trusted influencers, announced the launch of its much-anticipated Marketing Module. This development follows its plans to redefine influencer marketing in the web3 community by offering a comprehensive, efficient, and secure solution for crypto projects and influencers. SeedHunter’s Marketing Module Goes Live The […]

Bitget’s Chief Operating Officer, Vugar Usi Zade, participated in Blockchain Life Week 2024 alongside prominent leaders from leading crypto exchanges. They were part of a panel discussion titled “Conductors in the World of Cryptocurrencies: What Top Exchanges Think About 2024”. The discussion offered a comprehensive analysis of the expected advancements and strategic paths for the […]

Popular Bitcoin advocate PlanB has forecasted that the leading cryptocurrency’s peak could soar beyond $300,000 before the end of next year.

Cardano (ADA) has been crowned the Best Layer-1 Solution of 2024, reaffirming its position as a trailblazer in blockchain technology.

Litecoin (LTC) is proving its toughness in the wild world of crypto. Even with recent ups and downs in the market, Litecoin is holding steady, making investors hopeful about its future. While its price dipped a bit, experts and some charts are pointing towards a big comeback for LTC. Related Reading: Toncoin Unleashes DeFi Monster Growth: TVL Soars 300% In A Month Stability In The Midst Of Market Swings Litecoin’s recent performance stands in stark contrast to the broader market trend. While its price did experience a correction, dropping from a peak of $112 to its current value around $81.12, the decline has been relatively muted compared to other cryptocurrencies. Analyst Insights And Bullish Predictions Financial experts are taking note of Litecoin’s recent performance. Matthew Dixon, CEO of Evai.io, has highlighted LTC’s resilience compared to Bitcoin during this period of market volatility. He attributes this stability to the possibility that Litecoin may have already completed a corrective phase, a period of price adjustment often followed by an upward trajectory. This suggests that Litecoin could be poised for significant growth in the near future. $Ltc#Ltc Gave Golden Chance For Those Who Missed Earlier Bouncing From Trendline Still Expecting Move Towards 250-300$ In Coming Months https://t.co/Uyv82IeTpp pic.twitter.com/bYo4cQ9ylx — World Of Charts (@WorldOfCharts1) April 15, 2024 Adding to the optimistic outlook is respected crypto analyst World Of Charts. Their analysis suggests advantageous entry points for investors considering Litecoin. Additionally, they have identified a robust support level, which acts as a price floor and prevents excessive downward movement. Based on these factors, World Of Charts forecasts a target range of $250 to $300 for LTC in the coming months, expressing strong confidence in its potential for substantial growth. LTC market cap nearing the $6 billion level. Chart: TradingView.com Litecoin Starts Q2 With A Dip, But Investors Eye Rebound Litecoin (LTC) has gotten off to a rocky start in Q2, with its price falling 12% from $112 to $96. This decline can be attributed to two main factors. First, a broader market correction is impacting cryptocurrencies across the board. Second, some investors who bought in during Litecoin’s Q1 surge from $72 to $112 may be taking profits, further pressuring the price. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? Despite the recent slump, there are reasons for Litecoin investors to remain optimistic. Many investors still believe in the long-term potential of LTC, and some experts predict a price rise to $150 by June. The upcoming Bitcoin halving event, which some believe will drive up Bitcoin’s price, could also have a positive spillover effect on Litecoin. LTC price action in the last 24 hours. Source: Coingecko Featured image from Pixabay, chart from TradingView

In a recent interview on the future of Bitcoin, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has made a compelling prediction that the Bitcoin price could potentially reach $200,000 following its forthcoming halving event. This forecast comes at a time of considerable volatility within the crypto markets, exacerbated by recent geopolitical tensions and broader economic uncertainty. Bitcoin Poised To Hit $200,000 During the interview, Scaramucci provided insights into the forces he believes will drive Bitcoin’s price in the coming months. “Well, I mean, look, you could get shocks like wars and you could get, you know, God forbid a terrorist calamity or something like that that could take Bitcoin down 10 or 15%,” he explained. Despite potential short-term setbacks, Scaramucci emphasized the underlying demand dynamics bolstering Bitcoin’s price, particularly highlighting the influence of new financial products like ETFs and the growing interest from institutional investors. Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? He elaborated on his bullish outlook, linking it to the anticipated Bitcoin halving, an event that historically impacts the supply side of Bitcoin economics by reducing the reward for mining new blocks, thereby constraining supply. “But long term with the halving coming this week, I think this thing trades to $170,000, possibly to $200,000,” Scaramucci asserted. The discussion also veered into the broader implications of Bitcoin’s integration into traditional financial products, such as ETFs. Scaramucci argued that these instruments play a critical role in broadening Bitcoin’s investor base. He dismissed concerns over the potential for ETFs to lead to centralization of Bitcoin ownership. “In terms of adoption vis-a-vis the ETF, you look out your four-year time horizon. […] It will still be less than 10 % of the overall ownership of Bitcoin. So this whole notion that the ETFs are gonna overly centralize Bitcoin, I don’t buy it. I think what the ETFs are, though, is they’re a great conduit for people that are used to buying them.” BTC Is Still In The Web 1.0 Era Scaramucci compared Bitcoin’s trajectory to the early internet era, particularly drawing parallels with significant tech stocks like Amazon during the dot-com bubble. “In 1999, Amazon was an emerging stock on an emerging technology, and it was quite volatile. And you lost 20 to 50 % eight times on Amazon. You lost 80%. Yeah, that one time in March of 2020, it went down 80%. But if you held Amazon over that period of time, $10,000 is worth a little over $14 million today.” Related Reading: No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm He also addressed concerns about Bitcoin’s practical uses, contrasting its current utility with more traditional assets like gold, which also do not offer direct cash flow. Scaramucci highlighted innovative financial practices within the crypto ecosystem that provide returns similar to traditional cash flow, such as yield-generating accounts and borrowing agreements available through platforms like Galaxy Digital. Regarding potential market downturns akin to the dot-com bust, Scaramucci acknowledged…

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As of the latest update, TON’s TVL stands firm at slightly over $146 million, underscoring its growing prominence in the decentralized finance (DeFi) landscape. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? Unprecedented Growth And Leading Projects Within the TON ecosystem, standout performers in TVL include the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. Together, these projects boast a combined total value of locked assets exceeding $283 million. Toncoin Surges As Market Dynamics Shift Amidst the flurry of activity, Toncoin emerges as the darling of the crypto market, experiencing a remarkable surge in value. Over the past month, Toncoin has skyrocketed by over 60%, propelling it to new all-time highs multiple times throughout April. Currently trading at around $6.25, Toncoin’s ascent shows no signs of slowing down. TON price action in the last month. Source: Coingecko Speculation And Partnership Buzz Fueling Toncoin’s ascent are rumors swirling within the crypto community regarding a potential partnership between the TON Society developer community and HumanCode, an AI development firm. While details remain scarce, speculation abounds, with many anticipating a major announcement that could further propel Toncoin’s price up. Gm 💎 Who’s ready for the big announcement?! pic.twitter.com/1i3dBKVYkG — TON 💎 (@ton_blockchain) April 18, 2024 Toncoin Overtakes Cardano in Market Capitalization Meanwhile, Toncoin has surpassed Cardano (ADA) in market capitalization, firmly establishing itself as a force to be reckoned with in the crypto market. With a market capitalization of over $22 billion, Toncoin now holds the coveted 8th position, relegating Cardano to the 11th spot. TON market cap currently at $24 billion. Chart: TradingView.com Market Analysis And Price Consolidation Despite its meteoric rise, Toncoin is currently navigating a period of consolidation, with traders and analysts closely monitoring key price levels and volume dynamics. As the cryptocurrency hovers between $6.50 and $6.75, both bulls and bears are poised for potential shifts in market sentiment. Crypto trader Paxton emphasizes the importance of volume in determining Toncoin’s trajectory, urging caution amidst the market’s ebbs and flows. Related Reading: Historical Data Sparks Excitement: VeChain Price Poised For A Bullish Breakout? As the TON network continues to defy expectations and Toncoin reaches unprecedented heights, all eyes remain fixed on this thriving ecosystem. With its innovative projects, strategic partnerships, and surging value, TON is poised to reshape the future of decentralized finance and redefine the possibilities of the crypto market. Featured image from Amazon, chart from TradingView

BNB price is attempting a fresh increase from the $515 zone. The price could gain bullish momentum if it clears the $572 resistance zone. BNB price started a fresh increase after it found support near the $515 zone. The price is now trading below $555 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $572 resistance zone. BNB Price Faces Hurdles After a downside correction below $550, BNB price found support near the $515 zone. A low was formed at $513.6 and the price started a recovery wave, like Ethereum and Bitcoin. There was a move above the $525 and $530 resistance levels. The bulls pushed the price above the $540 pivot level and the 23.6% Fib retracement level of the downward move from the $630 swing high to the $513 low. There was also a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB/USD pair. The price is still trading below $550 and the 100 simple moving average (4 hours). Immediate resistance is near the $555 level. The next resistance sits near the $572 level or the 50% Fib retracement level of the downward move from the $630 swing high to the $513 low. Source: BNBUSD on TradingView.com A clear move above the $572 zone could send the price further higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $630 resistance. Any more gains might call for a test of the $650 level in the coming days. Another Decline? If BNB fails to clear the $572 resistance, it could start another decline. Initial support on the downside is near the $532 level. The next major support is near the $520 level. The main support sits at $515. If there is a downside break below the $515 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $532, $520, and $515. Major Resistance Levels – $555, $572, and $600.

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price attempted another recovery wave and remained stable above the $3,000 level. However, the bears defended the $3,100 resistance zone, like Bitcoin. There was another decline below $3,000. The price even spiked below the $2,900 support. A low was formed at $2,867 and the price is now recovering losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. Ethereum is still trading below $3,100 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,020 level. The first major resistance is near the $3,070 level and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. The next key resistance sits at $3,120, above which the price might rise toward the $3,200 level. Source: ETHUSD on TradingView.com The main downtrend resistance sits at $3,280. A close above the $3,280 resistance could send the price toward the $3,350 pivot level. If there is a move above the $3,350 resistance, Ethereum could even climb toward the $3,550 resistance. More Losses In ETH? If Ethereum fails to clear the $3,100 resistance, it could start another decline. Initial support on the downside is near the $2,920 level. The first major support is near the $2,850 zone. A clear move below the $2,850 support might send the price toward $2,620. Any more losses might send the price toward the $2,550 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,850 Major Resistance Level – $3,100

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if it settles below the $60,000 support zone. Bitcoin Price Struggle Continues Bitcoin price started another increase above the $61,500 resistance zone. BTC cleared the $62,500 and $63,000 resistance levels. It even spiked above $64,000 but failed to surpass the key level at $65,000. A high was formed at $64,142 before there was a sharp decline. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair. It dived below the $60,800 level and retested $59,650. A low was formed near $59,666 and the price is now attempting a fresh recovery wave. The price climbed above the 23.6% Fib retracement level of the recent decline from the $64,142 swing high to the $59,666 low. Bitcoin price is trading below $62,800 and the 100 hourly Simple moving average. Immediate resistance is near the $62,000 level. It is close to the 50% Fib retracement level of the recent decline from the $64,142 swing high to the $59,666 low. The first major resistance could be $63,000. The next resistance now sits at $64,200. If there is a clear move above the $64,200 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000. Source: BTCUSD on TradingView.com The next major resistance is near the $66,500 zone. Any more gains might send Bitcoin toward the $67,500 resistance zone in the near term. More Losses In BTC? If Bitcoin fails to rise above the $62,000 resistance zone, it could start another decline. Immediate support on the downside is near the $60,800 level. The first major support is $60,000. If there is a close below $60,000, the price could start to drop toward the $59,550 level. Any more losses might send the price toward the $58,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $60,800, followed by $60,000. Major Resistance Levels – $62,000, $63,000, and $64,200.

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The “Halving” is a periodic event on the Bitcoin network where the cryptocurrency’s block rewards (the compensation miners receive for solving blocks) are permanently slashed in half. Related Reading: Chainlink (LINK) Forms Bullish Pattern That Led To 50% Rally On Average This event occurs approximately every four years, and according to NiceHash’s countdown, the next one will occur in just over 32 hours. The countdown to the next halving event | Source: NiceHash Bitcoin miners earn revenue from two sources: transaction fees and block rewards. Historically, the former has been quite low on the BTC network, so the miners primarily depend on the latter to pay off their running costs. Since the block rewards are cut in half during Halvings, these events naturally deal a significant blow to the miner’s revenues. As such, it’s not surprising that the miners have generally shown a reaction to the event in the past cycles. “One of the common dynamics that occur in every cycle of cutting the issuance of new BTC is the significant selling pressure exerted by miners,” says the quant. One way to gauge the degree of selling pressure coming from these chain validators is via the Miner to Exchange Flow metric. This indicator tracks the total amount of Bitcoin moving from miner-associated addresses to wallets connected to centralized exchanges. As miners usually deposit Bitcoin to these platforms for selling, this flow can provide hints about their selling behavior. Now, here is a chart that shows the trend in the 30-day moving average (MA) BTC Miner to Exchange Flow over the last few years: Looks like the 30-day MA value of the metric has observed a steep plunge in recent days | Source: CryptoQuant As displayed in the above graph, the 30-day MA Bitcoin Miner to Exchange Flow had surged to high levels in the 2020 Halving event, implying that this group had potentially been participating in a selloff. This selling push may have come from the miners planning to exit, given the sharp revenue reduction that was set to occur. The graph, though, clearly shows that no such selling pressure has emerged this time around despite the event being just around the corner. Related Reading: 69% Of PEPE Holders Left In Profits After 26% Plunge So, what’s going on here? The analyst suggests that the Bitcoin miners may have already completed the latest round of selling in advance (as the exchange inflows from the cohort did spike in February). If this is true, the quant thinks this could benefit the market in the short term. BTC Price Bitcoin has continued to move sideways inside a range recently, as its price is still trading around $63,500. The…

Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path.  Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded funds (ETFs), one analyst expects the coin to continue defying expectations by clocking in a bull run that defies historical trends. The analyst cites two recent instances where Bitcoin defied expectations to justify this bullish outlook. First, following the rapid expansion in the 2020 to 2021 bull run that saw Bitcoin soar from less than $10,000 to fresh all-time highs of around $70,000, prices sharply contracted in 2022.  Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Then, the United States Federal Reserve shifted its monetary policy to curb raging inflation by rapidly increasing interest rates. Following this and other market-related events, Bitcoin prices dipped below the all-time high of the previous cycle of $20,000. By November 2022, prices fell to as low as $15,000, accelerated by the collapse of FTX. This retest of previous highs and fall below $20,000 had never happened before.  Another anomaly occurred last month. For the first time, Bitcoin prices expanded and broke the previous all-time highs of around $70,000 before the Halving event. As Bitcoin’s past price action shows, prices only rally to fresh all-time highs after Halving. However, this changed when BTC soared to $73,800, possibly paving the way for bulls to join in and push the coin back to unchartered territory post-Halving.  Is BTC Ready For A Multi-Year Rally? With this in mind, the analyst believes Bitcoin will continue uniquely shaping its path, deviating from history. For instance, the analyst thinks BTC will outperform altcoins in the coming months. The analyst adds that increased regulatory scrutiny following high-profile collapses like FTX and Luna could dampen altcoin enthusiasm.  Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 The coin will ride on the fact that it is the only one with an ETF from the United States SEC receiving investments. As a result of this capital injection, Bitcoin will likely register a multi-year “up only” phase, just like gold did once its ETF was approved. Prices remain depressed ahead of this. Though prices are increasing at spot rates, the coin is within a bear formation. Currently, BTC has local resistance at around $65,000. Feature image from DALLE, chart from TradingView

On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that tracks the ratio between LINK’s market cap and realized cap. The market cap naturally refers to the total valuation of the asset’s circulating supply at the current spot price. In contrast, the realized cap is a different type of capitalization model that calculates the total value of the cryptocurrency by instead taking the price at which each coin in circulation last moved on the network as its “true” value. Related Reading: 69% Of PEPE Holders Left In Profits After 26% Plunge Since the last transaction of any coin was probably the last time it changed hands, the price at its time would signify its current cost basis. As such, the realized cap sums up the cost basis of every coin in circulation. In this view, the realized cap would be nothing but a measure of the total capital the investors have used to purchase the asset. In contrast, the market cap represents the value that they are holding right now. The MVRV ratio compares these two models, and its value can provide hints about whether the overall market holds more or less than it puts into Chainlink. In the context of the current topic, the 30-day version of this indicator is of focus, which restricts itself to only the investors who bought within the past month. Here is the chart shared by the analyst that shows the trend in this LINK indicator over the past couple of years: The value of the metric seems to have registered a steep decline in recent days | Source: @ali_charts on X As displayed in the above graph, the Chainlink 30-day MVRV ratio has recently taken a sharp plunge and dipped under the 0% mark. The 0% mark is where the market cap and realized cap are exactly equal, so below it, the latter would be greater than the former. When this is the case, the investors are carrying losses. This recent plunge into the negative has naturally come for the metric as the cryptocurrency’s price has plummeted, putting the 30-day buyers underwater. In the chart, Ali has highlighted a specific pattern that Chainlink appears to have followed regarding this indicator, plunging deep into the negative territory. “Each time Chainlink MVRV 30-Day Ratio has dropped below -12.24% since August 2022, it’s signaled a prime buying opportunity, averaging 50% returns!” notes the analyst. Related Reading: Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign? Recently, the indicator has declined towards 17.54%, meaning it’s below this level, which has historically led to profitable buying windows for the coin. It remains to be seen whether the pattern followed in the last two years…

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect of Ethereum’s business model.  All network users are required to pay fees in ETH when interacting with applications on the blockchain, which serves as an important source of revenue for Ethereum. Once transaction fees are paid, a portion of the ETH is burned and permanently removed from circulation. This process, commonly referred to as “ETH buyback,” benefits existing ETH holders, as the reduction in supply increases the scarcity and value of the remaining ETH tokens. Thus, the daily burning of ETH contributes to the economic benefit of those holding Ethereum. Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 In contrast to the burning of ETH, Ethereum also issues new ETH tokens as rewards to the network’s validators for each new block added to the blockchain.  These rewards are similar to traditional stock-based compensation and are designed to incentivize validators to secure and maintain the network’s integrity.  Nonetheless, it’s important to note that the issuance of new ETH tokens dilutes the holdings of existing ETH holders. According to Token Terminal, the difference between the daily USD value of the burned ETH (revenue) and the newly issued ETH (expenses) represents the daily earnings for existing ETH holders, essentially the Ethereum blockchain owners. This calculation allows for the determination of Ethereum’s profitability on a day-to-day basis. Reduced Transaction Costs Drive $3.3 Billion Growth In addition to the overhauled revenue model implemented by the Ethereum blockchain, the launch of the much-anticipated Dencun upgrade to the Ethereum ecosystem at the end of the first quarter of 2024 brought significant changes, including the introduction of a revolutionary data storage system called blobs.  This upgrade has reduced congestion on the Ethereum network and significantly reduced transaction costs on Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base.  Implementing the Dencun upgrade, alongside the adoption of blobs and Layer 2 networks, has significantly impacted Ethereum’s revenue.  According to Token Terminal data, the blockchain’s revenue has witnessed an 18% annualized increase, amounting to an impressive $3.3 billion. These revenue gains can be attributed to reduced transaction costs, making Ethereum a more attractive platform for users and developers. Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Despite the positive revenue growth, it is essential to acknowledge the impact of market corrections and dampened investor interest in the second quarter of 2024.  Over the past 30 days, Ethereum’s revenue has declined by over 52%. This downturn can be attributed to the broader market dynamics and the temporary decrease in investor enthusiasm. …

In the first quarter of 2024, spot trading volumes of the top ten centralized exchanges (cex) topped $4.29 trillion, a 95.3% increase from the previous quarter. Despite facing legal challenges Binance remained the largest cex platform with a market share of 50%. The top crypto asset manager Grayscale’s converted GBTC exchange-traded fund (ETF) was the […]

PRESS RELEASE. April 19th, 2024 — Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), […]

The United States Securities and Exchange Commission (SEC) has filed an amended lawsuit against Tron founder Justin Sun, claiming he spent a significant amount of time in the U.S., thus granting the SEC jurisdiction over him and his businesses. The SEC alleges that Sun’s extensive travel within the U.S., totaling at least 380 days between […]

Nigerian Instagram celebrity, Pascal Okechukwu, has pleaded not guilty to three counts of abusing naira banknotes. The charges against Okechukwu relate to three incidents in which he allegedly tampered with or “sprayed” NGN500 banknotes. Another Nigerian celebrity, Oluwadarasimi Omoseyin, received a six-month prison sentence for the same offence. Nigerian Authorities Clamp Down on Naira ‘Spraying’ […]

PRESS RELEASE. Dubai, April 19, 2024: Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. The heavy rainfall that hit Dubai on Tuesday this week, most […]

Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled for this use case, digital assets were already being used to settle international payments. […]

The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied to citizens doing so without the bank’s approval. Reserve Bank […]

Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […]

At block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]

Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]