Author: Chris Smith
Bitcoin Mining Difficulty Falls by More Than 5%
Reading Time: < 1 minute Due to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.
US Spot Bitcoin ETFs’ Outflows Hit $11.29M on Thursday
Reading Time: < 1 minute On Thursday, various US spot Bitcoin exchange-traded funds experienced a combined loss of $11.29 million, with the exception of Grayscale’s GBTC which saw a negative net inflow.
SEC Files Final Reply in Lawsuit Against Ripple
Reading Time: < 1 minute The legal conflict between Ripple Labs and the SEC has seen significant developments, as the SEC has filed its final reply in the remedies stage of the lawsuit.
Gary Gensler Says Investors Don’t Have Access to Enough Information About Crypto Assets
Reading Time: < 1 minute SEC Chairman Gary Gensler has expressed concerns about the lack of important information available to investors about digital assets amidst the crackdown on crypto companies.
Grayscale Drops Application to Launch its Ethereum Futures ETF
Reading Time: < 1 minute Grayscale has shocked the market with its recent decision to withdraw its application for an Ether futures exchange-traded fund (ETF).
zkSNACKs CEO: Bitcoin Privacy Will Survive After CoinJoin’s Shutdown
Reading Time: < 1 minute One of the key privacy-enhancing services in the Bitcoin ecosystem, provided by zkSNACKs, will soon no longer be available.
Real Users Account for Less Than 10% of Stablecoin Transaction Volume
Reading Time: < 1 minute According to a new report by Visa and data platform Allium Labs, only a small portion, less than 10%, of stablecoin transactions are from legitimate or real people.
Cred Execs Accused of $783M Fraud
Reading Time: < 1 minute The US Attorney’s Office for the Northern District of California has brought charges against three former executives of Cred.
Jack Dorsey Leaves Bluesky’s Board of Directors
Reading Time: < 1 minute Jack Dorsey, the co-founder of Twitter, has stepped down from the board of Bluesky.
JPMorgan Keeps Cautious Stance on Crypto Prospects
Reading Time: < 1 minute JPMorgan analysts have a cautious outlook on cryptocurrencies in the near future.
Coinbase Sees $1.2B Net Income in Q1 2024
Reading Time: < 1 minute Crypto exchange Coinbase saw a strong rebound in the first quarter of 2024.
UK FCA: Crypto Firms Posed a Threat for Money Laundering in 2022-2023
Reading Time: < 1 minute According to the Financial Conduct Authority (FCA), crypto companies were among the four types of businesses with the highest risk of being exploited for money laundering.
BlackRock’s Bitcoin ETF Suffers First Daily Outflows Since Launch
Reading Time: < 1 minute The BlackRock iShares Bitcoin Trust and other US Bitcoin ETFs have experienced a record day of net outflows.
Roger Ver Arrested for Tax Evasion
Reading Time: < 1 minute Roger Ver, also known as “Bitcoin Jesus” and the founder of Bitcoin.com, was arrested in Spain for tax fraud based on charges from the US Department of Justice.
Uniswap Introduces Crypto Purchases
Reading Time: < 1 minute Uniswap’s mobile app now offers its users the option to purchase cryptocurrencies through Robinhood Connect, utilizing funds from Robinhood, a debit card, or a bank transfer.
Thai SEC Warns Crypto Exchanges Against Deceptive Ads
Reading Time: < 1 minute The SEC of Thailand has issued a reminder to all cryptocurrency exchanges operating in the country to ensure compliance with advertising standards.
Taiwan Requests 20 Years in Prison for ACE Exchange Founder
Reading Time: < 1 minute The Taipei District Prosecutor’s Office has requested a 20-year prison sentence for four key suspects involved in a fraudulent and money laundering case connected to the ACE Exchange cryptocurrency exchange.
A Solo Miner Solves a Valid Block and Wins 3.125 BTC Reward
Reading Time: < 1 minute A lone Bitcoin miner has accomplished a remarkable feat by solving a Bitcoin block on their own, earning the full 3.125 Bitcoin block reward.
Runes Becomes Leader in Terms of Bitcoin Transactions
Reading Time: < 1 minute As of April 24, 51.5% of daily transactions on the Bitcoin blockchain were made using tokens on the Runes protocol, while traditional BTC operations accounted for 46.9%.
Google and Apple Ordered to Remove Binance App in Philippines
Reading Time: < 1 minute Philippines has recently requested Google and Apple, both American companies, to remove the Binance service from their app stores.
Hong Kong to Start Offering Bitcoin and Ether ETFs Trading on April 30
Reading Time: < 1 minute On April 24, the Securities and Futures Commission (SFC) in Hong Kong officially approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs).
Binance Faces a Lawsuit in Canada
Reading Time: < 1 minute A group of investors has filed a class action lawsuit against Binance in Canada, claiming that the cryptocurrency exchange violated local securities laws.
Worldcoin Plans to Increase WLD Supply
Reading Time: < 1 minute The digital identity project Worldcoin plans to significantly increase the number of its WLD tokens in circulation over the next six months, with a potential increase of up to 19%.
Arkham: DeFi Whales Abandon Millions in Bridge Contracts
Reading Time: < 1 minute According to Arkham, there are multiple crypto addresses with millions of dollars trapped in bridge contracts, forgotten about or unmovable.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minute PayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.