Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Thailand to Block Unauthorized Crypto Platforms
Reading Time: < 1 minuteThe SEC of Thailand will be forwarding information regarding unlicensed cryptocurrency platforms to the relevant authorities for their eventual blocking.
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.
Binance Trial in Nigeria is Postponed
Reading Time: < 1 minuteAn alleged tax evasion case involving cryptocurrency exchange Binance and two of its top managers in Nigeria has been postponed by the court until May 17.
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.
Coinify CEO Says Bitcoin Mining Will Become Unprofitable After Tomorrow’s Halving
Reading Time: < 1 minuteCEO of Coinify, Ricky Stier, has cautioned miners that they may face unprofitable mining operations after the halving and urges them to review their strategies to stay productive.
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).
Bitcoin Hodlers Moved $1.7B to Accumulation Wallets When the Crypto Fell
Reading Time: < 1 minuteDespite the recent dip in the price of Bitcoin, hardcore holders of the digital currency remained undaunted as they added a staggering $1.7 billion worth of BTC to their accumulation addresses.
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.
Crypto Companies Are Expanding Their Workforces
Reading Time: < 1 minuteMajor cryptocurrency exchanges have put a hold on planned layoffs that were initially slated to begin in 2023.
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.
Trading Volume on Crypto Exchanges Exceeded $6 Trillion in Q1
Reading Time: < 1 minuteA report from Tokeninsights has revealed that the total value of transactions on the top ten cryptocurrency exchanges in the first quarter of 2024 surpassed $6 trillion.
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.
UK Intends to Implement a New Crypto Legislation This Summer
Reading Time: < 1 minuteEconomic Secretary Bim Afolami announced that the UK government plans to introduce legislation by June or July for stablecoins, crypto staking, exchange, and custody.
Vitalik Buterin Transfers 180 ETH Through Railgun Protocol
Reading Time: < 1 minuteVitalik Buterin, one of the co-founders of ethereum, recently made multiple transactions worth approximately 100 ETH (~$575,000) using a privacy protocol called Railgun.
OKX Rolls Out Mainnet of Ethereum-based Layer 2
Reading Time: < 1 minuteOn Monday evening, the centralized crypto exchange OKX launched the public mainnet of X Layer.
Miners Could Sell Off a Large Number of Bitcoins After Halving
Reading Time: < 1 minuteAccording to a market analyst, in the months following the halving, there could be a large decrease in the number of Bitcoins held by miners.
Bitcoin’s Volatility Hits Highest Level in 2 Years
Reading Time: < 1 minuteIn April, Bitcoin’s price fluctuation range reached its highest level since November 2022, reaching $70,711, according to Kaiko.
Trading Volume of Donald Trump NFT’s Collection Plummets 99%
Reading Time: < 1 minuteIn the past month, trading volume for former US President Donald Trump’s initial batch of non-fungible tokens (NFTs) has plummeted by 99%.
Open Interest in Solana Falls $440M
Reading Time: < 1 minuteSolana’s open interest and price both saw declines in the last 24 hours, following a wider trend in the cryptocurrency market.
Robert Kiyosaki Supports Cathie Wood’s Bitcoin Forecast
Reading Time: < 1 minuteKiyosaki has expressed his support for the statement made by Ark Invest CEO Cathie Wood, who has predicted that Bitcoin could reach over $2 million in the future.
London Mayoral Candidate Promises to Give Away £100 in LONDON Token if He Wins
Reading Time: < 1 minuteBrian Rose, a candidate for London mayor, has proposed to distribute LONDON tokens worth £100 to every city resident.
DeFi Protocol MarginFi Suffers $190M Outflows
Reading Time: < 1 minuteIn the past two days, roughly $200 million in user funds have been withdrawn from MarginFi, a lending protocol on the Solana blockchain.
Grayscale’s Bitcoin ETF Outflows Reach a Record Low
Reading Time: < 1 minuteGBTC, the Grayscale Bitcoin Trust, has experienced a significant decrease in outflows, dropping by 90% in comparison to the previous day.
Retail Investors Are Showing Little Interest in Crypto
Reading Time: < 1 minuteJoe Vezzani, CEO of analytical firm LunarCrush, stated that although Bitcoin and other cryptocurrencies have experienced a significant rise in value lately, retail investors have not yet fully embraced the trend.
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