Author: Chris Smith
Real Users Account for Less Than 10% of Stablecoin Transaction Volume
Reading Time: < 1 minuteAccording 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 minuteThe 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 minuteJack Dorsey, the co-founder of Twitter, has stepped down from the board of Bluesky.
JPMorgan Keeps Cautious Stance on Crypto Prospects
Reading Time: < 1 minuteJPMorgan analysts have a cautious outlook on cryptocurrencies in the near future.
Coinbase Sees $1.2B Net Income in Q1 2024
Reading Time: < 1 minuteCrypto 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 minuteAccording 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 minuteThe 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 minuteRoger 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 minuteUniswap’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 minuteThe 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 minuteThe 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 minuteA 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 minuteAs 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 minutePhilippines 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 minuteOn 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 minuteA 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 minuteThe 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 minuteAccording 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 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.
Coinbase Says Cryptos Will Remain Dependent on Global Economy
Reading Time: < 1 minuteAccording to analysts at Coinbase, the halving event may be strongly influenced by the global economic situation, with a potential to impact the price of Bitcoin and other digital currencies.
Fees Spent on BTC’s Halving Block Reach $2.4M
Reading Time: < 1 minuteBitcoin users have paid a staggering amount of fees – 37.7 Bitcoin, equivalent to over $2.4 million at current rates – to secure their portion of the limited space on the fourth Bitcoin halving block.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Kraken Introduces a Self-custodial Crypto Wallet
Reading Time: < 1 minuteCrypto exchange Kraken has recently launched their own self-custodial mobile wallet known as Kraken Wallet.
Binance’s SAFU Accounts for 3% of UDSC’s Supply
Reading Time: < 1 minuteBinance has recently announced that it is converting its Secure Asset Fund for Users (SAFU) into Circle’s stablecoin USD Coin.
Andreessen Horowitz Raises $7.2B
Reading Time: < 1 minuteBloomberg reports that Andreessen Horowitz (a16z), a venture capital firm favorable towards cryptocurrencies, has raised $7.2 billion in funding.
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