Crypto

Crypto

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Crypto

After a $40 million presale, Taiwanese rock star Solana memecoin sees explosive price movement.

Following a $40 million presale, Taiwanese pop icon and blockchain sensation Machi Big Brother (aka Jeffrey Huang) developed the Solana memecoin Bobaoppa, which has taken tokenholders on a wild ride. The Bobaoppa memecoin saw a 74% decline to a low of 0.0003854 shortly after its introduction on March 30, according to GeckoTerminal statistics as of

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Crypto

Fixed Bitcoin Lightning ExchangeFloat Notices ‘Suspicious’ $3 million Transfers to Tron and Ethereum.

Security firm CertiK said in a recent email announcement that in the last 24 hours, “suspicious” transactions worth over $3 million were sent out of the Bitcoin Lightning-based exchange FixedFloat. According to CertiK, funds were moved in ether (ETH) and tether (USDT) to wallets on the Ethereum and Tron networks, respectively. The behaviour was called

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Crypto

What is the Concept of End-to- End Encryption

A secure communication technique that is gaining popularity in today’s digital environment is end-to-end encryption, or E2EE. Nonetheless, it’s critical to comprehend end-to-end encryption and its operation given the escalating concerns regarding security and privacy. How End-to-End Encryption Operates Through the use of an encryption algorithm and encryption key, the encryption process transforms plaintext—a text

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Crypto

Deribit’s Dubai-Based Crypto Exchange Achieves a Conditional VASP License

The top cryptocurrency options exchange in the world, Deribit, announced on Tuesday that Deribit FZE, a division based in Dubai, has received a conditional virtual asset provider (VASP) licence from the relevant regulatory body. According to a press statement from Deribit, the licence permitting FZE to function as a virtual asset exchange for spot and

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Crypto

Custodial services are now included in the range of cryptocurrency-related operations that Singapore controls, according to a Tuesday announcement from the Monetary Authority of Singapore (MAS). The expansion of the scope encompasses the ability to send and receive money across borders even in cases where the recipient city-state does not accept it, as well as

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Crypto

obtainable Financial literacy is to be expanded globally through Bitcoin education.

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 much better infrastructure to allow people to best use this in their local context — for example, translations had been ad hoc, now there is an organized infrastructure for communication and best

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Crypto

Tether’s First Quarter Holdings Increased by Almost 8.9K Bitcoin: On-Chain Data

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.

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Crypto

Tokenholder approval is sought by DeFi hub Chainage in order to raise $13 million.

“Pending DAO approval, we will advance with the particulars of the investment and detail the precise arrangements and plans,” the developers stated. Under the condition that tokenholders within its native decentralised autonomous organisation (DAO) approve, decentralised finance services company Chainage, which has around $100 million in total locked value, is looking to fund $13 million

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Crypto

Bitkub, a Thai cryptocurrency exchange, plans an IPO in 2025.

According to Bloomberg, Bitkub Capital Group CEO Jirayut Srupsrisopa, the owner of the Thai cryptocurrency exchange Bitkub Online, intends to sell shares to the general public next year and is now seeking financial advisors. Approximately 80% of the parent company’s profit is generated by Thailand’s largest cryptocurrency exchange, which is 9.2% owned by Asphere Innovations.

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Crypto

Upbit, a South Korean cryptocurrency exchange, saw a 75% drop in trade volume.

The largest cryptocurrency exchange in South Korea has seen a 75% decline in daily trading volume from its peak this year, suggesting that the frenzy surrounding trading alternative cryptocurrencies, or altcoins, has subsided and that digital assets other than the market leaders bitcoin (BTC) and ether (ETH) may find it difficult to hold onto their

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Crypto Ethereum

Consensys claims that the SEC’s spot Ether ETF worries are unjustified.

Consensys responded to an inquiry from the US Securities and Exchange Commission (SEC) regarding possible fraud and manipulation risks associated with Ethereum’s proof-of-stake system, specifically with regard to exchange-traded funds (ETFs) that are based on spot Ether. Consensys, the blockchain and Web3 software development business behind the well-known MetaMask wallet, claimed in a letter of

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Crypto

Web3 startups are swarming accelerators as interest in cryptocurrencies soars.

The amount and frequency of investments in Web3 gaming have been rising rapidly in recent times. Amid a resurgence of interest in cryptocurrency efforts, some Web3 firms are looking to gain access to accelerator programmes. In exchange for early ownership, accelerator programmes provide coaching and support to founders. San Francisco-based Y Combinator is well-known, having

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Crypto

Base surpasses $1 billion and records a record-breaking DEX volume day.

Following the recent 64.3% of the trading volume, UniSwap had the most activity, followed by Aerodrome Finance with 9.7% and SharkSwap with 7.8%. Ethereum layer-2 network by Coinbase Base has broken its own 24-hour trading volume record on decentralised exchanges (DEX), increasing by about 25% from the day before and crossing the $1 billion threshold.

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Crypto

Co-founder of Tornado Cash asks that the accusations of money laundering be dropped.

Roman Storm’s solicitors said that since “there was nothing” Storm could have done to stop sanctioned businesses from utilising the crypto mixer, the accusations are “fatally flawed” and ought to be dropped. Roman Storm, a co-founder of Tornado Cash, a cryptocurrency mixer, has filed a motion to have all three of the allegations against him

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Crypto

On the way to $10, Dogwifhat? As whales hold fast, WIF has emerged as the third-largest memecoin.

On March 29, Dogwifhat (WIF), a memecoin headquartered in Solana, surpassed Pepe (PEPE) token to become the third-largest memetoken by market valuation. According to CoinMarketCap data, Dogwifhat’s price reached a new all-time high of $4.64 on March 30 before declining to its current $4.32 level as of 2:00 pm (UTC). Dogwifhat surpassed the Pepe token’s $3.4 billion market cap to become the third-largest memecoin, with a $4.3 billion market cap, after a weekly rise of almost 87%.As a result, WIF is now the thirty-first-largest cryptocurrency. Even though WIF has increased by more than 431% in the last month, the largest holding has not sold.According to Coinstats, the wallet currently has $139.5 million worth of WIF tokens in it, purchased at an average price of $0.32. This represents an unrealized profit of $127.3 million. On March 14, Dogwifhat’s price reached its previous high of $3 as a result of supporters raising over $700,000 to display the token’s emblem on the Las Vegas globe.WIF’s price increased by 25% as soon as the crowdfunding campaign was revealed. Arthur Hayes projected that the memecoin headquartered in Solana would rise to $10 just before it initially touched $3.In an X post from March 14, Hayes, the chief investment officer of Maelstrom and the former CEO of BitMEX, wrote. Although Dogwifhat is based on an internet meme, it is not the first dog-themed memecoin to attain multibillion-dollar valuations.In May 2021, Dogecoin’s market capitalization hit a record $75.2 billion; at present, its value stands at $30.2 billion.To reach DOGE’s market size, Dogwifhat’s price would need to rise eightfold, to $30.8 per token, which is standard for the memecoin industry.Dogecoin’s price increased by approximately 892% in the month preceding its peak, from $0.07433 on April 12, 2021, to $0.7376 on May 6, during the bull market of 2021.

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Crypto

As the price of bitcoin approaches $70,000K in Q2, reaching new heights is a major priority.

After the daily close on March 29, Botcoire returned to $70,000 as traders counted down to a thrilling Q1. A preliminary BTC price support was formed into the weekend by historical all-time highs at $69,000, according to data from TradingView and Cointelegraph Markets Pro.Around $1,000 was added to Bitcoin in the later hours of the day, presumably as a result of remarks made by US Federal Reserve Chair Jerome Powell.At the Macroeconomics and Monetary Policy Conference in San Francisco, California, Powell gave a measured speech about inflation and the future of the economy. He emphasized that the Fed was not in a rush to lower interest rates, which is a crucial development for risky assets. “Growth is strong right now, the labor market is strong right now and inflation has been coming down,” he said. “We can and we will be careful about this decision — because we can be.” According to statistics from CME Group’s FedWatch Tool, June is presently the most likely month for the first such cut to occur, with 61% odds of a 0.25% reduction at the Federal Open Market Committee, or FOMC, meeting that month.The Personal Consumption Expenditures (PCE) Index, which is the Fed’s favored inflation indicator, released its most recent print on March 29, which coincided with a Wall Street holiday, and met forecasts at 2.5%. Considering the hurdles for BTC price action next, attention continues to focus on the weekly, monthly

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Crypto

The legal problems for Sphere 3D get worse as Gryphon tries to stop $10M.

Sphere 3D is being prevented from spending $10 million from a recent settlement with Core Scientific by Gryphon Digital Mining. On March 25, Sphere 3D and Gryphon Digital Mining, two Bitcoin miners, entered into a fresh legal battle in which the latter aims to prevent the distribution of $10 million from a recent settlement. Gryphon

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Crypto

Grayscale launches a cryptocurrency investment fund with a focus on staking gains.

Grayscale’s Dynamic Income Fund is only available to investors who meet the requirements of having assets under management surpassing $1.1 million or a net worth exceeding $2.2 million. A fund for affluent investors willing to expose their holdings to profits from staking bitcoin tokens has been announced by Grayscale Investments. Only clients with a net

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Crypto

US court rejects plea for review and rules in favour of Fed in Custodia Bank case.

Custodia Bank said that it is a “second-class citizen” dependent on an intermediary bank in the absence of a master account. Custodia Bank’s request for a declaratory judgement was denied by the US District Court for the District of Wyoming, which also decided against granting the digital asset bank a master account with the US

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Crypto

As the ENA token is scheduled to launch next week, Ethena’s prelaunch futures jump 22%.

Futures for prelaunch linked to a decentralized finance systemFriday saw a sharp increase in Ethena’s upcoming governance token, ENA, suggesting a market capitalization of more than $500 million by launch.A 22.29% rise over the course of a day was realized by the ENA/USD pre-debut futures, which are offered on the decentralized exchange Aevo, and traded at 73 cents during Asian trading hours. On April 2, holders of the $1.3 billion USDe token would receive an airdrop of 750 million ENA, or 5% of the entire supply, from Ethena.Prior to April 1st, traders who unlock, unstake, or sell their USDe will not be qualified for the airdrop.Based on the specified amount of airdrops and the anticipated going market price from prelaunch futures, the token’s market capitalization might start at $547.5 million at launch.The going market price multiplied by the circulating supply yields the market cap.In the meantime, the fully diluted market value (FDV) of ENA may exceed $10 billion.To determine market value, the FDV employs total supply. The announcement by Binance of a launchpool for users to bet their BNB and FDUSD farm ENA tokens is probably what caused the double-digit spike in the ENA prelaunch futures.Users frequently use the Binance launch pool, also known as a centralized yield farming service, to invest in early-stage companies. “The @ethena_labs prelaunch market on Aevo is up 20% on the back of their Binance Launchpool announcement,” Aevo said on X. Beginning on March 30 at 0:00 UTC, ENA farming will be available in the Binance launchpool for a period of three days.On April 2, the top cryptocurrency exchange will list ENA and enable trading in pairs such as ENA/TRY, ENA/BTC, ENA/USDt, ENA/BNB, and ENA/FDUSD. Comparable to the “I owe you” or IOU futures that many exchanges provide are Aevo’s pre-listing perpetual futures. Pre-listing perpetuals use the token’s spot price as a reference once it goes online and maintain perpetuals in line with it by collecting funding rates from traders.

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Crypto Tech Technology

Hackers allegedly steal Bitcoin from Call of Duty cheaters by infecting gamers with malware.

A shadowy group of cybercriminals has allegedly created an information stealer virus that targets players who cheat in Call of Duty, potentially taking some players’ bitcoin (BTC) holdings. This suggests that video game cheaters may have finally met their match.According to malware market informer @vxunderground, the virus has already affected hundreds of thousands of players, and the number is still rising. “It should be noted that some of these accounts are also not cheaters,” @vxunderground added. “Some users impacted utilized gaming software for latency improvement, VPNs, and certain controller boosting software.” After consumers reported making unlawful transactions, “PhantomOverlay,” a distributor of Call of Duty cheat codes, became aware of the suspicious conduct first.Similar attacks to @vxunderground have been confirmed by other cheat providers, such as Elite PVPers, in the last week.In addition to recently obtained credentials, some victims also claim that their Electrum wallets were empty.It’s still unclear how much cryptocurrency was taken in total. Activision Blizzard (ATVI), the company behind Call of Duty, is apparently collaborating with the suppliers of cheat codes to assist the impacted gamers.As of right now, it is anticipated that approximately 3.6 million Battlenet accounts, 561,000 Activision accounts, and 117,000 Elite PVPers accounts have been compromised.In the meantime, PhantomOverlay asserted in a Telegram broadcast message on Wednesday that the quantity of compromised accounts “is inflated.” For years, gaming cheats have been the focus of exploiters.2018 saw the discovery that a purported trick for the wildly popular video game Fortnite was actually malware used to steal login credentials for bitcoin wallets.2019 saw hackers attack Fortnite players once more, preventing them from accessing any data on their computers.

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Crypto

P1 Ventures Completes Its Latest Funding Round with $35 Million.

The USD 35 million second funding round for P1 Ventures, a pan-African Seed Venture Capital (VC) fund, has successfully concluded. This will allow the business to grow by adding employees and extending its operations to Nairobi, Kenya, and Dakar, Senegal. The investment firm raised funding from a variety of industrial conglomerates, private enterprises, and general

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Crypto

Executives from Binance File Lawsuit Against Nigeria.

The National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission have been sued by the two Binance executives, who have been detained as guests of the Nigerian government since their arrival in February, for allegedly abusing their fundamental human rights, local media reported on Friday. The head of financial crime compliance at the

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Crypto

A UK judge freezesCraig Wright’s assets to stop him from avoiding paying court fees.

Six million British pounds ($7.6 million) of Craig Wright’s assets were placed under a worldwide freezing order by a U.K. judge to stop him from transferring them abroad and avoiding fees related to a legal dispute that determined he was not, as he had claimed, the creator of Bitcoin. Judge James Mellor, hearing the lawsuit

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Crypto

Are Decentralized blockchain games really in Existence?

Blockchain technology has dramatically changed our understanding of financial transactions, data storage, and secure, decentralised communication in a very short amount of time. Blockchain technology has opened up a world of fascinating opportunities for the gaming industry, one of the most lucrative and popular industries in the world, with ground-breaking inventions like NFTs and the

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Crypto

FTX estate will sell its $7.6 billion locked Solana balance at a discount of 68%.

Purchasers of FTX SOLs must consent to a four-year vesting period. The estate of the defunct cryptocurrency exchange FTX will sell institutional investors the remaining 41 million Solana, which are currently valued at $7.65 billion, at a discount of almost 68% to the market price. During the sentencing of FTX co-founder and former CEO Sam

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Crypto

After six months, OKX’s Global Compliance Chief Resigned.

According to his LinkedIn page, Patrick Donegan, the global chief compliance officer and head of OKX’s anti-money laundering efforts, resigned from his position at the second-largest cryptocurrency exchange after just six months on the job. Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with “skills in creating policies and procedures, meeting regulatory expectations while promoting business initiatives and establishing strong relationships with regulators.” Cryptocurrency exchanges are facing pressure to clean up their act in regards to matters such as money laundering prevention.U.S. federal prosecutors have most recently accused cryptocurrency exchange KuCoin and two of its founders of breaking anti-money laundering rules.Similar accusations were settled by US authorities against Binance, the largest cryptocurrency exchange in the world based on trading volume, in November of last year. Previously, Donegan worked for over eight years as senior vice president and chief compliance officer at the erstwhile crypto-friendly Signature Bank.

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Crypto

In the first stress test of Blockchain’s new data system, Ethereum was hit by “blobscriptions.”

Just a few weeks ago, the Ethereum blockchain underwent a revolutionary upgrade that created a specific area for storing data, or “blobs,” with the goal of lowering fees and easing congestion.However, a new project has already emerged to congest the so-called blob sector, driving increasing fees and posing the first significant stress test for the nascent blob market. Following the creation of a new method for minting inscriptions on data blobs, or “blobscriptions,” by a project named Ethscriptions, Ethereum gas fees for blobs increased on Wednesday.The Dune Analytics dashboard indicates that on Wednesday, the blob base charge increased to a minimum of 582 gwei ($266).The blob base charge was dropped to about 18 gwei ($8.69) as of Thursday’s posting. “As widely predicted, it looks like March 27, 2024, will be remembered as the day that the ‘blobs are free EIP-4844 launch discount’ party came to a close – courtesy of Blob Inscriptions,” Matt Cutler, the CEO of Blocknative, wrote on X. The proposal that introduced the new blob market is known as EIP-4844. It was integrated into Ethereum’s historic Dencun update, which was finished on March 13.The several layer-2 networks developed on top of Ethereum, such as Arbitrum, Optimism, Polygon, and Coinbase’s Base, depend heavily on the blob space to execute transactions more swiftly and affordably than is feasible on the main chain.Reams of data must be parked on Ethereum by the layer 2s as part of the process, which significantly increases their overall prices. Ethereum co-founder Vitalik Buterin admitted in a blog post on Thursday that the Blobscriptions incident had forced the new blob-fee market into “price discovery mode,” but he also noted that the data fees were still significantly lower than they would have been under the previous arrangement, which involved parking data as “calldata” in a typical Ethereum transaction. “Blobs are not free, but they remain much cheaper

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Crypto

Public Blockchains Have Been Used to Tokenize Over $1 Billion in US Treasury Notes.

Tokenized US Treasury debt is seeing a boom in the market. For the first time, the market value of Treasury notes tokenized via public blockchains such as Ethereum, Polygon, Valanche, Stellar, and others has surpassed $1 billion, according to statistics monitored by Tom Wan, an analyst at 21.co. Digital copies of US government bonds known

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Crypto

Co-founder of QuadrigaCX is asked by a Canadian province to explain his wealth in the new order.

The Canadian Province of British Columbia is attempting to use Michael Patryn, co-founder of QuadrigaCX, as a target for an unexplained wealth order, a novel form of court order that requires an individual to provide an explanation for how they obtained their riches. Mike Farnworth, the province’s minister of public safety and solicitor general, said

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