India empowers non-payment operators to offer CBDC wallets
Reserve Bank of India (RBI) has announced an expansion of wallet providers of its Central Bank Digital Currency (CBDC) wallet. The statement from the bank notes that it will empower non-payment operators to offer wallet services of its CBDC. The bank said that it will make the needed changes to effect this as the initiative […]
South Korean Party woo voters with access to US spot Bitcoin ETFs
Political parties in South Korea have turned to using incentives in the cryptocurrency industry to woo potential voters as the parliamentary elections draw closer. According to a Bloomberg report, the opposition Democratic Party has promised to remove restrictions on several domestic and international crypto products. Some of these include digital assets and exchange-traded funds (ETFs) […]
Bitcoin.org owner predicts a great divide in the Bitcoin community
Pseudonymous owner and operator of the Bitcoin.org website Cobra has predicted the incidents that will take place concerning BTC very soon. According to his post on X, Cobra claimed that a great divide will plague the community. He clarified that there would be two sets of people trying to determine what happens next with Bitcoin. […]
ZachXBT complains of borderline harassment from the IRS
Blockchain sleuth ZachXBT has come out to complain about harassment targeted at him by the Criminal Investigation Unit (CIU) of the United States Internal Revenue Service (IRS). According to his post on X, the blockchain investigator alleged that he is now a target of what he calls ‘borderline harassment’ as the agency continues to seek […]
Uniswap hits milestone $2 trillion all-time trading volume
Uniswap has hit a remarkable milestone figure of above $2 trillion in terms of its all-time trading volume. According to data compiled by the platform’s strategy and operations lead Zach Wong and tracked on Dune Analytics, the decentralized exchange (DEX) hit the milestone figure at 11:55 am UTC. Notably, the firm is hitting the milestone […]
Ellipsis Labs secures $20 million in Series A funding
Cryptocurrency developer Ellipsis Labs has finalized a Series A funding round, securing $20 million. According to its post on X (formerly Twitter), the investment round was led by Paradigm with additional support from Electric Capital. Other participants include Ethereum Foundation’s Justin Drake and Mike Neuder, Solana co-founder Anatoly Yakovenko, EigenLayer’s Sreeram Kannan, and a few […]
Binance threatens full restrictions on unverified sub-account holders
Cryptocurrency exchange Binance has announced measures that will be taken against users with accounts on its Exchange Link program. According to the announcement, Binance has mandated users of sub-accounts to ensure prompt completion of their mandatory Know Your Customer (KYC). The exchange noted that only users who have complied with the directive will be allowed […]
ZA Bank launches banking services for stablecoin issuers
In a bid to boost local Web3 adoption, Hong Kong-based ZA Bank has announced that it will offer banking services to issuers of stablecoins. According to its official announcement, the online banking platform said that it will open up security for fiat reserves, which issuers can leverage to back up their digital assets. ZA Bank […]
Wormhole’s 2022 hacker was briefly eligible for its airdrop
The hacker behind the huge $320 million hack on wormhole bridge in 2022 was briefly added to a list of eligible users for its W token airdrop. In an April 4 post by pseudonymous researcher Pland on X (formerly known as Twitter), the team had forgotten to remove wallets tied to some wallet addresses connected […]
Gold hits all-time high as goldbugs resume BTC bashing
Spot Gold has hit a new all-time high of $2,304 per ounce as its investors resume their usual trashing of the leading digital asset Bitcoin. This update is coming at a time when the United States Federal Reserve is making plans to cut the rate as inflation levels remain above the central bank’s target. According […]
Binance executive’s case in Nigeria adjourned to April 19
A Nigerian court has reportedly adjourned the case of Binance executive Tigran Gambaryan to April 19. Gambaryan was detained in connection to naira manipulation and tax evasion offenses leveled on Binance by the federal government of Nigeria. According to the report on Bloomberg, the United States-based executive will remain in Nigeria’s custody until his next […]
Memecoins registers massive influx of users in March
Memecoins have become the talk of the crypto market, seeing attention from users across respective blockchains. The tokens have also been attracting new users seeking the next big asset in the crypto sector. However, analytics platform IntoTheBlock has revealed that the number of wallet addresses holding memecoins under 30 days hit a new high in […]
Memecoins market cap experiences a significant drop
The market capitalization of memecoins has undergone significant losses in the last 24 hours, with tokens on Solana and layer-2 network Base registering a 12% and 19% drop in the same time frame. The memecoin drop is happening around the same time that Bitcoin also experienced a drop of 4.94% to trade at $66,032, per […]
Bitfinex introduces volatility futures on Bitcoin and Ethereum
In response to the ongoing volatility spikes in the crypto market, crypto exchange Butfinex has announced the launch of its new volatility futures products on Bitcoin and Ethereum. According to its announcement, Bitfinex, through its derivatives platform Bitfinex derivatives launched the two perpetual futures. Bitfinex launches new Bitcoin and Ethereum volatility futures The platform is […]
Crypto tax expert discusses taxation in the crypto industry
Crypto Tax Audit CEO Clinton Donnelly has revealed that crypto users are skeptical about filing their crypto tax returns due to fears of Internal Revenue Service (IRS) regulations. Donnelly said that crypto users fear that the IRS might decide to change their regulations after they file their tax returns. He noted that this is because […]
Arkon Energy inks deal to acquire 27,700 mining rigs from Bitmain
With the Bitcoin halving drawing nearer, Bitcoin mining firms are making preparations for the event. In this regard, Arkon Energy has announced that it has signed a deal to acquire 27,000 Bitcoin mining rigs from Bitcoin mining rig manufacturer Bitmain. The Ohio-based firm revealed via its platform that it purchased application-specific integrated circuit (ASIC) units […]
Bitcoin plunges amid $426 million in liquidations
Bitcoin registered a slight price decline to trade below $67,000 on Tuesday morning, erasing gains from the previous week. According to data from CoinGecko, the asset is presently trading at $66,139, registering a loss of 4.6% on the day and 6% on the week. Bitcoin registers a significant decline in value The entire crypto market […]
Wormhole set to launch its governance token
Decentralized Finance (DeFi) protocol Wormhole has announced that the much anticipated launch of its W governance token will take place on Wednesday. With the launch imminent, crypto exchanges are making efforts to list the token after its airdrop claim opens up to eligible users. Wormhole prepares for its token launch Wormhole previously shared the details […]
Taiwanese music star’s memecoin undergoes wild price action
Solana-based memecoin Bobaoppa has become the subject of discussion in the crypto market after its recent price actions. Launched by Taiwanese music sensation Jeffrey Huang (also known as Machi Big Brother), the memecoin has been making waves since its $49 million presale. The token’s price recently experienced a volatile movement, leaving its holders with mixed […]
Russian nationals transacted $51 billion on exchanges in 2023
The Bank of Russia has released its latest report showing the activities of Russian nationals in the crypto market in 2023. According to the report, the bank noted that transactions in excess of $51 billion (4.7 trillion rubles) were carried out on the exchanges. The report also found that most of the transactions involved either […]
5 Top Under $1 Altcoins To Buy Ahead of The Next Bull Run
The cryptocurrency market is teetering on the edge of a significant shift, poised for a bullish breakout. Five under-$1 altcoins are capturing investors’ interest for their potential for significant gains. Cardano (ADA), PAAL AI (PAAL), XRP, Dogecoin (DOGE), and 0x0.ai stand out as the top altcoins to buy. These digital assets are seen as promising […]
Arthur Hayes tips memecoins for massive growth
BitMEX co-founder Arthur Hayes has cautioned traders in the crypto market against labeling memecoins as ‘stupid’. Memecoins have been a subject of ridicule since they gained widespread attention in the market. According to some market participants, the assets do not provide a net positive for the blockchains that house them. Arthur Hayes backs memecoins’ growth […]
Australia’s crypto sector set for a significant growth
The cryptocurrency industry in Australia is currently at a very delicate point where regulators and lawmakers need to make decisions that will improve the sector. Kraken Australia CEO Jonathan Miller shared insights into this, among other things in the crypto market. Kraken Australia CEO shares insights into the crypto market Speaking at a recent interview, […]
Prisma Finance hacker demands apology before returning stolen funds
Prisma Finance, a prominent player in the decentralized finance (DeFi) space, is currently navigating the aftermath of an $11.6 million exploit that occurred last week. This incident has left $540,000 in funds from certain accounts yet to revoke the smart contract responsible for the exploit. Prisma Finance hacker gives conditions to return funds Adding to […]
Chainage set to raise $13 million amid expansion plans
Decentralized Finance protocol Chainage has announced that it will raise $13 million to expand its protocol. The platform, boasting a TVL of around $100 million needs the approval of tokenholders on its decentralized autonomous organization (DAO) to finalize the plan. Chainage reveals plan to raise $13 million According to its snapshot on April 1, an […]
Top 4 Cryptos To Watch That Could Hit $100 In 2024 Bullish Run.
The cryptocurrency market is abuzz with anticipation as several altcoins show promise for a robust surge in 2024, potentially reaching the $100 mark. Among these, ORDI, Injective (INJ), Compound (COMP), and OKB stand out. Each of these digital assets displays promising technological advancements and market positions, suggesting they might lead the charge in the upcoming […]
Base network hits new trading volume milestone
Coinbase’s layer-2 network on Ethereum Base has achieved remarkable success in its trading volume. According to data from Dune, the network saw its trading volume register a massive rise of $1 billion, 25% more than the previous day. The data shows that the network registered a massive $1.21 billion in trading volume on March 30, […]
Owner.One survey reveals the behavior of ultra-rich families towards crypto
A recent survey carried out by Owner.One has shown that rich families with a net worth of $100 million show a preference for algorithmic coins over tokens. In the study, the platform revealed that the family favors algorithmic coins at 4.32% while their preference for other tokens stands at 0.92%. These preferences remain paramount despite […]
Robert Kiyosaki advises traders to ditch dollars for Bitcoin
Famous author and vocal Bitcoin supporter Robert Kiyosaki has published new advice for traders in the financial landscape. In his recent post, the Rich Dad Poor Dad author urged his followers to ditch the dollar in favor of Bitcoin, gold and silver. Robert Kiyosaki opined that ‘baby boomers’ retirements are going broke with the crash […]
Web3 startups flock to accelerators as crypto enthusiasm grows
In the dynamic world of blockchain, Web3 startups are now using accelerator programs to boost their growth and popularity in the crypto market. With the market currently going through a bull run, this is also an avenue for these startups to secure investments. These programs also provide the right mentorship, funding, and opportunities for both […]
United Kingdom court freezes Craig Wright’s assets
A United Kingdom court has given an order to freeze assets worth £6 million ($7.6 million) belonging to Craig Wright. This move was made to ensure that Wright is prevented from evading court expenses from his recent legal battle. Craig Wright was recently embroiled in a lawsuit against the Crypto Open Patent Alliance (COPA), claiming […]
Solana Foundation promises to filter memecoin problems
The memecoin sector has been plagued with the introduction of tokens featuring offensive words. The issue was the center of discussions at the recent panel session held at the BUIDL Asia Summit in Seoul. Experts and investors alike including the Solana Foundation shared various possible solutions to the issue. Solana Foundation makes pledge against banned […]
LENX wallet drain sparks rumors of a potential rug pull
Liquidity protocol LENX has been rocked with fresh rumors of a potential rug pull, throwing the whole crypto community into confusion. According to recent reports from pseudonymous user AstroBoy and data from Etherscan, there has been a series of transfers involving LENX Finance founders, John Kim and another individual named Paul. LENX transfers $10 million […]
Custodia Bank’s plea for a Federal Reserve master account denied
The United States District Court in Wyoming has ruled against Custodia Bank’s plea to own a Federal Reserve master account. The court also dismissed the bank’s plea for a declaratory judgment. However, the bank remains adamant and would seek out every possible option available. Custodia Bank denied a Federal Reserve master account In a filing […]
Telegram’s Mini Apps tipped to encourage blockchain adoption
Director of Investments at TON Foundation Justin Hyun has referred to the emergence of Mini Apps on Telegram as a catalyst that will trigger mass adoption of blockchain technology. Mini Apps are blockchain-based DeFi applications on Telegram, which were launched in 2020. The applications were launched in a bid to simplify interactions on the blockchain […]
Bitcoin outflows on exchanges surge amid ETF dynamics
Crypto exchanges have experienced a massive outflow of BTF from their coffers, showing a supply flow shift. According to data from Glassnode, more than $10 billion worth of BTC has left major exchanges. Most of the movement has been attributed to the emergence of spot Bitcoin ETFs in the US. The data also indicates that […]
Polymarket sees bets of $2.4 million on Ethereum ETF approval
Crypto traders have entered the speculative market, making bets on the potential approval of a spot Ethereum exchange-traded fund (ETF) by the United States Securities and Exchange Commission. The United States SEC is set to make its verdict before May 31, and market participants have lined up to make bets on it on Ploymarket. Polymarket […]
Former FTX executives and promoters settle class-action lawsuit
Former executives and promoters of crypto exchange FTX have settled with a group representing former investors of the exchange in a lawsuit. According to the details of the settlement, the former executives and promoters of the exchange will part with $1.3 million. The settlement stems from a protracted lawsuit where investors were seeking compensation, by […]
Decentraland Price Prediction 2024-2033: Is MANA Running Out?
Decentraland Price Prediction 2024-2033 Remember the crypto VR bubble? Is it all over yet? Well, maybe not! Decentraland is a leader in this ecosystem, especially the play-to-earn (P2E) space. Its native token, MANA, has seen gains week after week, racking up 6% in the past week and 28% in the past 90 days. Can investors […]
CBN Governor clarifies his stance on crypto regulation
The Central Bank of Nigeria (CBN) has been in the news over the developments concerning the regulation of cryptocurrencies in the country. In a recent turn of events, Yemi Cardoso, the governor of the Central Bank noted that crypto regulation in the country is under the jurisdiction of the Securities and Exchange Commission of Nigeria […]
