Tigran Gambaryan, a Binance executive who was arrested by Nigerian police in February along with a colleague, entered a not guilty plea to allegations of money laundering in a high court on Monday, according to local media.Reports state that Gambaryan was placed under remand pending his trial, and that he may seek bail up until April 18.In February, Nigeria’s government accused Binance of helping process illicit funds worth billions of dollars and of manipulating the exchange rate for the Nigerian naira. The head of Binance’s financial crime compliance was also detained in the nation, along with another executive at the company, Nadeem Anjarwalla. Following Anjarwalla’s escape from detention in March, the two executives sued the Nigerian government, claiming that it had violated their human rights.

The announcement of “season 2,” which includes a 50% increase in prizes for some users, caused ENA, the native token of Ethena Labs, to soar by 15% on Monday.According to CoinMarketCap, the cryptocurrency launched last week at $0.64 and is presently trading at $1.26.The decentralized finance (DeFi) network Ethena Labs is the source of the yield-producing USDe stablecoin.Users may lock in ENA as of April 8 for a minimum of seven days.A 50% incentive increase will be given to users that lock 50% or more of their ENA in relation to their USDe balance. According to blockchain analytics company Lookonchain, three wallets took out 11.9 million ENA ($15.23 million) from Binance to stake.The $ENA lock will not apply to “team and investor allocations, which are locked on vesting schedules,” according to a blog post by Ethena Labs.The $200 million cap on the ENA lock was initially imposed, and it will gradually rise. In a cash and carry trade, Ethena unveiled a method last week that entails buying bitcoin (BTC) and shorting the asset at the same time to provide an annual dividend.Since January, the platform has used ether (ETH) and a similar tactic.

According to a cryptocurrency analyst, Bitcoin’s price is unlikely to retrace down to $50,000 anytime soon because to the frequency with which it

The halving of Bitcoin is a major attraction for many cryptocurrency traders, but the time of year will present a challenge. To further

In contrast to the overall cryptocurrency market, which gained 1.71% on the same day, Dogecoin’s price increased 7.5% to $0.186 on April 6. Dogecoin’s recent price surge is consistent with optimistic trends observed in the top-ranked memecoin, as illustrated below, suggesting that traders are becoming more willing to take on risk. Memecoins are regarded by the market as some of the most speculative investments in the cryptocurrency space because of their lack of intrinsic value or usefulness. Compared to conventional safe-haven investments, this viewpoint places them at the highest danger. Concurrently, the dollar—which has historically been viewed as a stronghold of stability—is losing value in relation to a group of top international currencies. The four-hour chart of the U.S. Dollar Index (DXY) below clearly illustrates this trend. A concurrently developing negative connection between the DOGE and the DXY is shown in the figure, highlighting the fact that the dollar’s depreciation is temporarily enhancing the allure of riskier memecoins, particularly on April 6. An anonymous wallet address ending in…wwKF has acquired a significant amount of DOGE—199.27 million—through two transactions in the previous day, according to recent data made public by Whale Alert.The wallet first bought 100 million DOGE, or $17.77 million, from Robinhood. It then bought 99.27 million coins, or $17.68 million, from the same source in a second transaction. These noteworthy actions attracted a lot of attention right away, which helped DOGE’s price rise swiftly.Nevertheless, there has been a noticeable drop in the number of entities that are considered Dogecoin whales, particularly those that possess more than 100,000 and 1 million DOGE. It suggests that the market may have overemphasized the significance of the accumulation activities at

As part of their request for his help with blockchain investigations, the US Internal Revenue Service’s Criminal Investigation Unit (CIU) has allegedly subjected

In a continuing legal battle, one of the biggest cryptocurrency exchanges, Coinbase, has won a big victory. With its decision in favor of

To counteract the possible effects of the mining incentives drop following the Bitcoin halving, Bitdeer Technologies, a mining partner of the Kingdom of

A ruling from the nation’s lower courts that would have affected Do Kwon, the co-founder of Terraform Labs, being extradited to the US

The German asset management DWS (DWS) is providing exchange-traded commodities (ETCs) with exposure to ether (ETH) and bitcoin (BTC).The ETCs were created in collaboration with digital asset financial services company Galaxy Digital (GLXY), and bear the Xtrackers trademark of the Frankfurt-based company.According to a DWS announcement, they were listed on the Deutsche Boerse on Thursday. The Xtrackers Galaxy Physical Ethereum ETC and Xtrackers Galaxy Physical Bitcoin ETC products, which have a 0.35% cost, follow the performance of the two biggest cryptocurrencies by market value.That is less expensive than competitors like the Amsterdam-listed Jacobi FT Wilshire Bitcoin ETF (BCOIN) with 1.5% and the Switzerland- and Germany-listed 21Shares Bitcoin ETP (ABTC), which charges 1.49%. Although spot cryptocurrency exchange-traded products (ETPs) have been available in Europe for a while—CoinShares’ Physical Bitcoin ETP, for instance, was listed in 2021, and Zurich-based 21Shares claims to have introduced the first physically backed ETP in 2018—they have gained more attention since the U.S. Securities and Exchange Commission approved a number of ETFs for the largest economy in the world in January.According to BitMEX Research, the U.S. funds have drawn a net influx of over $12 billion in less than three months. In order to create exchange-traded products (ETPs) for European listing, DWS and Galaxy Digital teamed together a year ago. DWS is a financial advisory firm with 896 billion euros ($970 billion) under management.During a conference appearance last month, Leon Marshall, the CEO of Galaxy’s European operations, stated that similar items would be available soon.

Approximately three weeks ago, bitcoin reached a record high of $73,500 before rapidly falling to the $61,000 region.Bulls have some hope that new records are on the horizon as it has since retraced to the current $67,600.However, the price correction appears to have more space to run, according to at least one sentiment indicator. According to CryptoQuant, the so-called futures funding rate—which is the amount paid to traders based on the discrepancy between perpetual contract markets and spot prices—is currently at an all-time high.“Funding rates represent traders’ sentiments in the perpetual swaps market and the amount is proportional to the number of contracts,” the group stated.Positive financing rates show that long-position traders are in control and are prepared to provide funds to short-position traders. According to CryptoQuant, positive funding rates indicate that long traders, or those who are betting on higher prices, are in control of the market and are prepared to provide money to short sellers, or those who are betting on lower prices.This high of financing rates was last seen in April 2021.After that, in just three months, Bitcoin fell from above $60,000 to under $30,000. Curiously, the U.S. Commodities Futures Trading Commission (CFTC) recently released data that indicates record short holdings in futures held by hedge funds and commodities trading advisers (CTAs), coinciding with the CryptoQuant study.

Broker Oppenheimer increased its earnings projections for Coinbase (COIN) on Wednesday and stated in a research study that the cryptocurrency exchange is well-positioned to profit from the long-term adoption of blockchain technology. “We estimate that COIN’s 1Q24 trading volume would be up 95% quarter-on-quarter and 107% year-on-year to $300B,” analysts Owen Lau and Guru

According to Cathie Wood, CEO of ARK Invest, national currency devaluations worldwide have contributed to bitcoin’s surge to a record high this year.With a surge in demand from spot bitcoin ETFs in the US, Bitcoin (BTC) reached an all-time high of $73,800 last month, up more than 130% over the previous 12 months.In an interview with CNBC, Wood promoted a different storyline, claiming that bitcoin serves as a kind of “insurance policy against rogue regimes and horrible fiscal and monetary policies.” “There is something else going on around the world.” Wood said. “There are currency devaluations taking place that people are not talking

Comments on three proposals for ether spot exchange-traded funds (ETFs) are now being accepted by the U.S. Securities and Exchange Commission.A three-week comment period will apply to the ETF initiatives associated with Bitwise, Fidelity, and Grayscale Investments, per notices the agency released on Tuesday “to solicit comments on the proposed rule change from interested persons.” Industry analysts have grown less hopeful that the regulator will follow suit with the products tracking Ethereum’s (ETH) value, despite growing anticipation following the agency’s approval of bitcoin spot ETFs in January.After a significant setback in a legal battle with Grayscale, the commission was compelled to rescind its prior opposition to the bitcoin applications, and SEC representatives contended that its subsequent approval of bitcoin ETFs does not extend to other tokens. SEC Chair Gary Gensler had said in January that the bitcoin approval shouldn’t “signal anything about the commission’s views as to

Due to the continued detention of senior executive Tigran Gambaryan, who is headquartered in the United States, the troubled international cryptocurrency exchange Binance

Later on Tuesday morning, 30,175 bitcoins were reportedly transferred from a wallet purportedly owned by the US government to a Coinbase wallet. Roughly

According to James Check, head on-chain analyst at Glassnode, the crypto bull market is set to enter its second and final phase, marked

Following a $40 million presale, Taiwanese pop icon and blockchain sensation Machi Big Brother (aka Jeffrey Huang) developed the Solana memecoin Bobaoppa, which

Updated Bitcoin Diploma curriculum with new open-source methodology launched, according to the El Salvador-based Bitcoin education effort Mi Primer Bitcoin.As El Salvador became the first nation to use Bitcoin as legal cash in 2021, Mi Primer Bitcoin got its start as a neighborhood educational project. This latest version of the program was created in partnership with global Bitcoin enthusiasts and educators to offer a thorough curriculum that covers every facet of the cryptocurrency, from its background to its everyday uses and technical operations.The most significant change was making the program open-source, which entails that all resources, including the Student Workbook, are publicly accessible on GitHub.The release states that this is intended to promote cooperation and translation efforts across national boundaries. The founder and executive director of Mi Primer Bitcoin, John Dennehy, highlighted how Bitcoin education has the ability to change lives.He emphasized the ways in which long-term planning, creativity, and innovation are encouraged by financial literacy in the Bitcoin era. Dennehy described this curriculum upgrade as a “significant step” toward the project’s goal of “empowering the world through Bitcoin education” in a comment to Cointelegraph. “We always strive to improve the content with each new edition, but alongside that, we have also built out

Based on market capitalization, Tether, the creator of USDT, the biggest stablecoin globally, added slightly less than 8,889 bitcoin (BTC) in the first quarter, as reported by on-chain trackers like Arkham Intelligence.Despite the lack of an official statement from Tether, a wallet that appears to be associated with the corporation indicates that 8,888.8888 bitcoin was sent to it on March 31.Naturally, Tether has never concealed its goal to purchase bitcoin with a percentage of its earnings. With 75,354 bitcoins in that wallet as of right now, valued at nearly $5.2 billion at the current price of $69,000, Tether has made about $3 billion in profit.