Australian court rules against Qoin issuer BPS Financial on 4 charges
[May 3, 2024 12:54 PM] Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC.
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USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks
[May 3, 2024 11:16 AM] Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as…
Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98%
[May 3, 2024 11:00 AM] The decentralized social network Friend.tech, launched in August 2023, is facing a significant setback as its native token, FRIEND, experiences a staggering 98.5% drop in value. Investors who participated in the recent airdrop of FRIEND tokens…
Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours
[May 3, 2024 9:26 AM] After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours…
Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut
[May 3, 2024 8:33 AM] Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across…
Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto
[May 3, 2024 7:31 AM] On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record…
Bitcoin Technical Analysis: BTC Bulls Challenge Upper Resistance Amid Bearish Pressure
[May 3, 2024 5:59 AM] As of May 3, 2024, bitcoin’s price stands at $59,142, with a 24-hour intraday range of $57,789 to $60,000. The leading cryptocurrency maintains a market capitalization of $1.15 trillion and has recorded a trading volume of $28.43 billion…
Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
[May 3, 2024 5:23 AM] Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as…
Crypto exchanges to meet Nigerian SEC chief for regulatory talks
[May 3, 2024 3:47 AM] The meeting is anticipated to ignite positive changes that benefit all crypto stakeholders in Nigeria and on the international scene.
ZKasino scam suspect arrested, $12.2M seized by Dutch authorities
[May 3, 2024 2:58 AM] Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.
Nigerian fintechs crack down on crypto, users face account blocks
[May 3, 2024 2:43 AM] The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
[May 3, 2024 2:21 AM] According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K…
Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize
[May 2, 2024 11:22 PM] Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto…
TON Price Soars 9% On Pantera Capital’s Investment, Capitalizing On Telegram User Potential
[May 2, 2024 9:00 PM] Venture capital firm Pantera Capital has invested significantly in The Open Network blockchain. The news, announced on Thursday, resulted in a 9% surge in the network’s native token, Toncoin (TON), pushing its value above the $5 mark. Pantera…
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
[May 2, 2024 8:18 PM] Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels…
Standard Chartered Warns Bitcoin Price Could Fall to $50K
[May 2, 2024 5:16 PM] Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences…
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
[May 2, 2024 3:13 PM] JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds…
Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
Messari CEO Criticizes US President’s Crypto Stance, Foresees ‘Mass Wealth Confiscation’ if Biden Gets Reelected
[May 2, 2024 12:22 PM] Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social…
Pantera invests in TON with high expectations for Telegram’s future
[May 2, 2024 11:48 AM] The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said.
Coinbase Announces Support for Bitcoin’s Lightning Network
[May 2, 2024 11:14 AM] Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid…
Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends
Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag
[May 2, 2024 8:00 AM] An analyst explained how Shiba Inu could be heading towards a massive rally based on a bull flag pattern that forms in its daily chart. Shiba Inu Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali has discussed about…
MoonPay expands crypto options with PayPal integration
[May 2, 2024 7:00 AM] MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards.
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
Faisal Al Monai: Convergence of AI and Blockchain Is a Solution to Data Integrity Issues in AI Model Training
[May 2, 2024 5:20 AM] The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai…
Hundred Finance hacker moves stolen assets a year after $7M exploit
[May 2, 2024 5:01 AM] The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet.
Bitcoin post-halving price consolidation could last 2 months — Bitfinex
[May 2, 2024 4:00 AM] The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term.
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
[May 2, 2024 3:51 AM] Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next?