Crypto News Updates

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The judge has diverged from DOJ’s 36-month proposal. Some believe the judge is leaning towards a 10 to 16-month sentence. Changpeng ‘CZ’ Zhao is accused of violating the Bank Secrecy Act. In a pivotal turn of events, the sentencing hearing for Changpeng ‘CZ’ Zhao, the former CEO of Binance , has taken a surprising twist. Judge Richard Jones has signalled a departure from the harsh sentencing proposed by the United States Department of Justice (DOJ), favouring a more lenient approach. Judge Jones leans towards leniency In the ongoing court hearing, Judge Jones expressed scepticism towards the DOJ’s push for a lengthy prison sentence, opting instead to align with the recommendation put forth by the Probation Office. This recommendation suggests a jail term of 10 to 16 months for Zhao, a stark contrast to the 36 months sought by the DOJ. Zhao’s guilty plea and community support Zhao’s legal woes stem from a one-count charge of violating the Bank Secrecy Act, to which he pleaded...

Dogwifhat (WIF) was listed on Bybit crypto exchange today. Immediately after listing the meme coin’s price hit $41.85 before quickly retracing. At press time, Dogwifhat (WIF) was trading at $2.61, down 6.13% in the past 24 hours. Dogwifhat (WIF), the latest sensation in the world of meme coins, caused a frenzy on the Bybit exchange shortly after its listing. Within minutes of trading going live, the price of Dogwifhat skyrocketed by a staggering 1,450%, reaching a high of $41.85. The surge was, however, short-lived as the price quickly retreated back to $2.64, aligning with the token’s price across the broader market. Dogwifhat explosive surge first day on Bybit Dogwifhat (WIF) trading on Bybit commenced at 8:50 a.m. ET on Bybit and in just over 10 minutes, the token’s price surged from $2.70 to its peak of $41.85, marking an extraordinary spike. Interestingly, the sudden price increase was confined solely to Bybit, with no notable impact on other major exchanges like Binance...

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EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, based on research by @eigen_labs , alo...

Thai SEC warns against deceptive crypto ads, urging compliance with regulations. Global regulators, the UK and Spain, have also been cracking down on misleading crypto promotions. Recent phishing incidents underscore the need for heightened vigilance in ad oversight. The Securities and Exchange Commission (SEC) of Thailand has initiated measures to combat misleading advertisements in the crypto space, aiming to protect investors from potential losses. On April 29, the Thai SEC issued a warning to all crypto exchanges operating in the country, cautioning them against the glamourization of cryptocurrency investments in their advertisements. Deputy Secretary-General Anek Yooyuen emphasized the importance of adhering to prescribed advertising standards to prevent investors from being misled. According to Yooyuen, advertisements in the crypto sector must refrain from containing false, exaggerated, distorted, or concealing information, as such practices violate Thailand’s regulations....

Medellin, Colombia, April 29th, 2024, Chainwire Stooges , a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X , and Telegram waiting for the pre-sale. Stooges is a new memecoin project on the Solana blockchain and draws inspiration from the 3 legendary TV characters, “The Three Stooges.” However, the project takes aim at notorious figures in today’s crypto world, satirically putting Sam Bankman-Fried (former CEO of FTX) and Changpeng Zhao (former CEO of Binance) as Assets Manager and Legal Officer, respectively. This parodical approach is an evident dig at the two executives – Zhao, who is investigated for not complying with anti-money launde...

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TLDR: CoinShares stated in a report that Bitcoin miners Could gravitate towards the AI sector to bolster revenue after BTC halving. Borroe Finance ($ROE) is an AI-funding marketplace for Web3 participants to trade future earnings. Borroe Finance ($ROE) is positioned to witness substantial growth during the next phase of the bull run, according to several analysts. CoinShares says Bitcoin miners could switch to AI after Bitcoin halves CoinShares published a report on April 22 affirming the possible migration of Bitcoin miners to the AI sector following the much-anticipated BTC halving. According to the report, this move will be a strategic decision to increase their revenue. Bitcoin halved on April 20, when miners’ rewards split from 6.250 BTC to 3.125 BTC. CoinShares revealed that leading Bitcoin mining firms like Hut 8 (HUT), Hive (HIVE), and BitDigital (BTBT) have begun milking AI.  Similarly, Core Scientific (CORZ) and TeraWulf (WULF) own running AI operations and are...

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Consensys recently received a Wells notice from the SEC for its MetaMask product. Consensys aims to defend Ethereum’s status as a commodity. The company also challenges SEC’s authority over cryptocurrencies. Consensys, a prominent Ethereum developer, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over what it deems as an “unlawful seizure of authority” concerning Ethereum (ETH) . The lawsuit, filed in the District Court for the Northern District of Texas, marks a significant move in the ongoing battle between crypto firms and regulators. Consensys disputes Ethereum’s classification At the heart of the dispute lies the classification of Ethereum (ETH) as a security. Consensys asserts that ETH should not be considered a security and contests the SEC’s investigation into its MetaMask wallet product based on this classification. The company argues that MetaMask, a widely-used wallet interface, does not operate as a securities broker under federal l...

The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has announced the tokenization of its US Government Fund on the Polygon and Stellar blockchains. By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX) using BENJI token. One BENJI security token is a share of the Franklin OnChain U.S. Government Money Fund recorded on a public blockchain and it is currently available on Polygon and Stellar. Franklin Templeton competing with BlackRock Franklin Templeton’s initiative comes amidst a competitive landscape, with BlackRock’s new...

Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA). Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts. Chainlink , the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability. The Chainlink team said in a blog post that the official unveiling of CCIP in general availability means any developer can now integrate CCIP across all the supported blockchains. Permissionless access also means developers can use CCIP to transfer tokens, send arbitrary messages and data to smart contracts on supported networks. Chainlink CCIP has officially entered general availability. Now, all developers can integrate #CCIP across all supported blockchain mainnets in a faster, easier, and more self-serve manner than ever before. https://t.co/VBQEBQViye pic.twitter.com/pgg4q2X7GW — Chainlin...

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Solana (SOL) analysts foresee a bullish correction as developers move to fix network congestion. Sui (SUI) is poised for upward momentum in 2024 despite a marginal 0.37% downturn. Rebel Satoshi ($RBLZ) emerges as one of the best cryptos to buy, while its sister token, $RECQ, advances in its presale. Amid the recent market bust, some top altcoins like SOL and SUI have witnessed some encouraging price action. Consequently, these coins have been listed alongside Rebel Satoshi’s $RBLZ as some of the best altcoins to buy as 2024 progresses. Let’s look at what makes $RBLZ, SUI, and SOL the most favourable investment options. Solana battles congestion, implements fixes on testnet Solana developers are working hard to alleviate the congestion that previously hampered network operations. On April 12, Anza, a Solana-focused developer, introduced a new version of the blockchain software and requested validators to upgrade as soon as possible to assess the modifications’ effects on the ne...

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Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors. The payout process could commence as early as next month. All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event. Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH) , amounting to over $9 billion in total, to creditors. This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday. According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks. Possible implications ...

By introducing a plethora of useful features for crypto users, including the launch of the $BcCoin token (which will be featured on prominent crypto exchanges soon), BlackCard aims to be at the forefront of revolutionizing global cryptocurrency payment operations. By utilizing AI technology, the BlackCard Crypto Credit Card empowers users to easily integrate their digital assets into their respective everyday transactions, thereby removing the limitations commonly associated with traditional banking systems. What Does BlackCard Provide? With BlackCard, users can now effortlessly convert their cryptocurrency assets into local currency at any point of sale, thereby guaranteeing optimal exchange rates and unparalleled convenience. This solution simplifies transactions, providing users the freedom to utilize their digital assets for a variety of purposes, such as everyday purchases, online shopping, ATM withdrawals, and much more. Moreover, the BlackCard team has introduced the aforemen...

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Victoria, Seychelles, April 22nd, 2024, Chainwire Bitget , the world’s leading cryptocurrency exchange and Web3 company is making its presence felt in the week of Token2049, Dubai. Bitget COO Vugar Usi Zade led the panel discussion around real-world asset tokenization. The company also hosted various side events, including a Kpop Party, Bitcoin Track Day and Beach Party, during the week. Vugar participated in the session surrounding the theme of ‘Practical DeFi, Tokenization of Real World Assets for Real World Problems’. He was joined by other industry stalwarts like Andres Meneses of OG media group, Robin Ubaghs from Prop Chain, Raj Brahmabhatt from Zeebu and Anna Shakola from Cointelegraph, in the same discussion. Vugar Usi Zade shared some insights into tokenizing real-world assets and the roadmap for the growth and mass adoption of blockchain to solve real-life problems. At the discussion, he made a special mention of larger participation from the Government and authorities...

FTX to auction the remaining locked Solana (SOL) tokens. The last SOL token sale by FTX attracted significant buyer interest. Figure Markets confirms it will participate in the auction. The embattled FTX cryptocurrency exchange is set to auction the remaining locked Solana (SOL) tokens from its estate. The decision follows the success of the previous sale, which generated significant interest from buyers. The upcoming auction has been confirmed by Mike Cagney , the CEO of Figure Markets and board chair of Figure, who disclosed that the decentralized exchange will take part in the auction. Figure Markets introduces SPV investment opportunity To facilitate Figure Markets’ participation in the upcoming SOL auctions from the FTX estate, Figure Markets has unveiled a Special Purpose Vehicle (SPV) open to non-US investors (subject to KYC) and accredited US investors. The SPV will operate based on community consensus, where each dollar invested equals one vote in determining bid pric...

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Ape Terminal, one of the top IDO platform’s in the market, has cancelled crypto betting platform ZKasino’s IDO. This unfolds as the broader crypto community is showing greater resilience amid Bitcoin’s halving. A few projects are however attracting as much attention as new crypto trading solution Bitbot. As Bitbot matches towards a highly successful presale, investors flocking to it are likely buoyed by what the project promises in the wake of events surrounding ZKasino, a decentralized betting network. While the ZKasino team says the project will still launch as expected, it’s likely to face challenges with regard to community trust after the rug pull allegations and exchange listing delays.  Bitbot brings non-custodial trading and anti-rug pull features to crypto Bitbot is one of the few emerging crypto projects that are pushing for market dominance. In particular, Bitbot’s eyes are on the Telegram bot space , which analysts have predicted could explode as crypto prepar...

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Worldcoin will unveil the new blockchain “World Chain” in the summer. World Chain is an Ethereum L2 chain that will integrate with WLD and World ID. Worldcoin is set to launch a new blockchain dubbed “World Chain”, according to an announcement on Wednesday, April 17. The price of WLD , the native Worldcoin token rose slightly after the news. While its up 3% in the past 24 hours at $4.90 at the time of writing, its largely in negative territory after dumping from highs of $6.57 on April 12. World Chain – what do we know? World Chain will be an Ethereum Layer 2 and is expected to go live in the summer, Worldcoin, the project co-founded by OpenAI CEO Sam Altman, said in the blog post. While the new blockchain will integrate with the Worldcoin protocol and World ID’s Proof of Personhood, the goal is to ultimately have it run independently as a community-driven project. “ World Chain will be an ecosystem of decentralized financial and identity apps focused on utility for everyday ...

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X Layer is a zero knowledge (ZK), EVM-compatible Layer-2 network. The Polygon CDK powered L2 is live and  integrates with over 200 dApps across DeFi, wallets, NFTs and gaming among others. OKX , one of the world’s largest crypto exchange companies, has launched the public mainnet of its EVM-compatible Layer 2 network “X Layer” is now live. Haider Rafique, the chief marketing officer at OKX, announced the launch in a blog post on Tuesday. According to the OKX official, the Polygon Chain Development Kit (CDK)-powered L2 integrates with over 200 decentralised applications (dApps) onboarded during X Layer’s testnet. X Layer integrates over 200 dApps X Layer also integrates with the OKX exchange’s CEX platform and the OKX Web3 Wallet. As an EVM-compatible network, X Layer allows users to tap into dApps on Ethereum as well as bridge assets from the OKX CEX and Web3 Wallet. “ Our objective is to make it cheaper and faster for millions of people to go in and out of on-chain appl...

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Germany’s LBBW bank and crypto exchange Bitpanda have announced a partnership. The federal bank will use Bitpanda’s technology to develop its own custody solution for crypto. Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has partnered with Austria-based crypto exchange Bitpanda as it looks to launch its crypto custody services. In the announcement shared on Monday, Bitpanda said the LBBW will use the crypto exchange’s technology to pilot its crypto custody and procurement services. New partnership alert: Bitpanda x LBBW 🤝 Landesbank Baden-Württemberg, Germany's largest federal state bank will enhance their digital asset offering in partnership with Bitpanda! Bitpanda Technology Solutions provides LBBW with an "Investment-as-a-Service" infrastructure in… pic.twitter.com/hIwNXp9Wp4 — Bitpanda (@Bitpanda_global) April 15, 2024 As part of the collaboration, Bitpanda Technology Solutions offered LBBW access to its “Investment-as-a-Servic...

Meme coins are evolving from joke coins into cryptocurrencies with utility. Shiba Inu and Floki lead the adoption among top meme coins. Meanwhile, the new Rebel Satoshi Arcade is on a journey to transform blockchain games. The meme coin space has seen tremendous growth over the last few months. Emphasis has gradually shifted from the hype and community drive to meme coins that offer utility. Shiba Inu leads the charge, with Shibarium recording over 1.39 million wallet addresses. Meanwhile, Floki has revealed plans to offer regulated banking accounts to its users. Also, Rebel Satoshi Arcade , one of the new meme tokens, is leading the charge for utility, introducing an exciting gaming ecosystem. Rebel Satoshi Arcade (RECQ) decentralizing blockchain gaming Rebel Satoshi Arcade (RECQ) is one of the new meme coins challenging the traditional notion of what a meme coin should be. While traditional meme coins are created as a joke or for fun, Rebel Satoshi Arcade is on a mission to...

ORDI,  Fantom (FTM), and  Aave were among the worst performers in the crypto industry during the weekend as the crypto sell-off intensified. The ORDI token crashed by over 15% in the past 24 hours and has retreated by over 50% from its highest point this year. Fantom, on the other hand, crashed by over 8% in the past 24 hours and has retreated by more than 45% from the year-to-date high. Similarly, the AAVE token plunged to a low of $72.76, which is much lower than the year-to-date high of $153.90. The other most popular laggards were coins like KuCoin Token (KCS), XRP, and Ethereum Classic.  Not all cryptocurrencies were in the red. Bittensor (TAO) token rose by over 20% in the past 24 hours while Celestia (TIA), Dogwifhat (WIF), and Wormhole (W) soared by more than 10%.  BitBot   too continued its token sale, raising over $2 million. Why cryptocurrencies plunged There are three main reasons why cryptocurrencies crashed during the weekend. First, crypto ...

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Ripple CEO is claiming the crypto market could reach $5 trillion by the end of 2024. Investors are looking for better opportunities to invest and gain lucrative profits if that happens. According to some analysts, Solana (SOL), Sui (SUI), and Borroe Finance ($ROE) could be some of the best altcoins to include in investment portfolios. Ripple CEO, Brad Garlinghouse, is bullish on the crypto market, predicting that the crypto market cap could double and reach around $5 trillion by the end of 2024. Garlinghouse believes spot ETF approval and the Bitcoin halving event will fuel this prediction. But he also emphasized the crucial impact of favourable U.S. regulatory changes on the crypto market’s growth. The crypto community is understandably excited about this market prediction, with investors and analysts digging into the numbers to determine which tokens could be the best bets to capitalize on this growth. Many experts believe SOL, SUI and Borroe Finance ($ROE) could be some...