Following a $21 million funding round headed by Pantera Capital, blockchain venture studio Thesis has revealed Mezo, a Bitcoin layer-2 network, from stealth. Thesis claimed on Tuesday that Multicoin, Hack VC, ParaFi Capital, Nascent, Primitive Ventures, Asymmetric Ventures, Dan Held, and DCF God were also participating in the fundraising. Thesis described Mezo as a “permissionless

Ripple’s cryptocurrency custody company, Metaco, based in Switzerland, said that BCB Group, a cryptocurrency payments company, has moved its governance of its digital asset custody activities onto its flagship platform. The firms released a statement announcing that BCB Group, a London-based company, had switched from a third-party digital asset technology provider to Metaco’s custody orchestration

The Virtual Assets Regulatory Authority (VARA) in Dubai has granted full operational licence for Crypto.com, a Singapore-based digital asset exchange, for its local subsidiary, the company announced on Tuesday. Institutional investors in the United Arab Emirates (UAE) will be able to use the Crypto.com exchange as a first step as CRO DAX Middle East FZE

A growing interest in cryptocurrency index funds has coincided with the rising popularity of cryptocurrencies in recent years. Investing vehicles that monitor the performance of a diverse portfolio of cryptocurrencies are known as crypto index funds. Investors can get exposure to the cryptocurrency industry without selecting particular coins by purchasing a crypto index fund. Understanding

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. Binance, Gambaryan, and Anjarwalla are being charged with tax evasion by Nigeria’s Federal Inland Revenue Service (FIRS) and money laundering by the Economic and Financial Crimes Commission (EFCC). According to sources, a

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.

The artificial intelligence (AI) platform Ritual received a $25 million funding round included a “multimillion dollar” investment from Polychain Capital, a venture capital firm that focuses on blockchain technology. In order to combat the centralised nature of AI systems, Ritual raised $25 million in November of last year. Accomplice and Robot Ventures also participated in

According to a statement released by the firms on Monday, 1inch Network, a decentralised exchange (DEX) aggregator, has developed a Web3 debit card in collaboration with Baanx, a cryptocurrency card developer, and with major payment provider Mastercard. According to a news release, users of the 1inch Card will be able to transact with cryptocurrency seamlessly

The Asian company HashKey Group, which provides digital asset services, said on Monday that it has opened the HashKey Global exchange following its approval by Bermuda to provide regulated DAS trading services. According to HashKey Group COO Livio Weng, “HashKey Group aims to establish one of the largest clusters of licenced exchanges in the world

Following the trade volume on the network spikes, the dYdX community authorised staking 20 million DYDX tokens as a security precaution. Staking 20 million DYDX tokens was allowed by the dYdX community in order to bolster security during a spike in activity on the decentralised crypto market (DEX). With 91.7% of the vote in favour,

Governance will be able to monitor and modify fee-related rules in accordance with the goals and requirements of the platform thanks to the fee switch. At the decentralised lending platform Aave, there may be a proposal under consideration to activate a “fee switch” in order to disburse fees to holders. Marc Zeller, the founder of

The Liquid Token Fund of Pantera Capital increased its allocations to DeFi tokens during the first quarter of 2024 while decreasing its exposure to Bitcoin and Ether. Solana and other cryptocurrency token investments helped Pantera Capital’s Liquid Token Fund, which claimed a 66% return in the first quarter of 2024. While exposure to tokens linked

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 reaches higher support price levels and the “lack of immediate froth” in the derivatives markets. In an April 7 research note, Dylan LeClair, a senior analyst at digital asset firm UTXO Management,

The halving of Bitcoin is a major attraction for many cryptocurrency traders, but the time of year will present a challenge. To further drive up prices everywhere, the cryptocurrency industry will need to come up with another story. “Although it will have to contend with what is generally a bad time of year for crypto

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 Robinhood. Dogecoin’s price increase has been accompanied by a precipitous drop in the open interest (OI) and funding rate of its perpetual contracts.Notably, from a peak of $2.21 billion on March 29 to $1.38 billion on April 6, the market’s outstanding contract holdings have decreased.It suggests that traders are liquidating their holdings for a variety of reasons, including taking profits, limiting losses, or lowering exposure. As of April 6, its funding rate is 0.0172%, a considerable decrease from its previous peak of 0.106% on the same day last year.This is frequently the case when the market anticipates a price stabilization or decline, or when fewer traders are prepared to initiate or hold long positions. When selling pressure lessens due to traders closing their short positions, the price might climb even with lower trading volume and interest. This is usually shown by declining OI and funding rates combined with rising price.Technically speaking, the 200–4H exponential moving average (200–4H EMA; the blue wave) and an ascending trendline, both located at roughly $0.167, are the sources of DOGE’s current price increase. The bounce off the support confluence is comparable to what DOGE saw on March 19, which came before an 85% increase to $0.22.

As part of their request for his help with blockchain investigations, the US Internal Revenue Service’s Criminal Investigation Unit (CIU) has allegedly subjected blockchain investigator ZachXBT to what he considers to be borderline harassment. ZachXBT stated in a March 6 post on X that he feels the U.S. law enforcement agency has gone beyond his

In a continuing legal battle, one of the biggest cryptocurrency exchanges, Coinbase, has won a big victory. With its decision in favor of Coinbase, the U.S. Court of Appeals for the Second Circuit has confirmed that the secondary sales of cryptocurrencies on its platform do not contravene the Securities Exchange Act. A large countrywide group

Following Coinbase’s announcement that the majority of the money from the GBTC sell-off would “remain within the crypto ecosystem,” a big purchase of Bitcoin was made. According to reports, the bankrupt cryptocurrency lending company Genesis sold over 36 million shares of the Grayscale Bitcoin Trust (GBTC) in order to buy more Bitcoin and get ready

The organisation made clear that users can exchange their bitcoin holdings in virtual worlds like Decentraland and The Sandbox for fiat money on other cryptocurrency exchanges. In a recent report, the US Consumer Financial Protection Bureau (CFPB) specifically targeted cryptocurrency-focused gaming and warned against scams and inadequate consumer protections in video games and virtual environments.

The founder of Fantom, Andre Cronje, saw the Solana network as a victim of its own popularity. Despite the recent network transaction problems, Fantom founder Andre Cronje has expressed support for the Solana network. One of the most important thought leaders in decentralised finance (DeFi) is Cronje. Some critics blame Solana for the continuous congestion,

To counteract the possible effects of the mining incentives drop following the Bitcoin halving, Bitdeer Technologies, a mining partner of the Kingdom of Bhutan, and its sovereign investment arm, the Bhutanese government, will boost their capacity for mining BTC. The investment arm of the Bhutanese royal government, Druk Holding and Investments (DHI), and Bitdeer, a

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 or South Korea has been overturned by the Supreme Court of Montenegro. The Supreme Court of Montenegro said in a notification dated April 5 that it had granted a request for a

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.

Following the continuation of funds to draw billions of dollars from investors, BlackRock (BLK) has added five more authorised participants (APs) to the iShares Bitcoin Trust (IBIT), increasing the total to nine. A prospectus filed with the U.S. Securities and Exchange Commission (SEC) lists the new APs as clearing house ABN AMRO and Wall Street

Following the Federal Reserve’s reaffirmation of caution on the rate of future interest rate decreases, cryptocurrency markets fell along with other risky assets. In a research report published on Friday, Coinbase (COIN) stated that gold has outperformed and that this might help bitcoin (BTC). The research stated, “We think gold’s performance signals an overweighting on

Monochrome Asset Management, an Australian company, revealed on Friday that it has submitted an application to Cboe Australia, a worldwide listing exchange, for a spot bitcoin (BTC) exchange traded fund (ETF). Should it be authorised, Australia’s first bitcoin exchange-traded fund (ETF) that permits direct bitcoin holding would be Monochrome. Two exchange-traded products that give investors

Distributed ledger technology, or blockchain, offers decentralisation, security, and transparency. One of the most revolutionary and disruptive technologies of the twenty-first century is blockchain technology. Governments, corporations, and individuals have all expressed great interest in it because of its potential to establish decentralised, transparent, and secure systems. Blockchain technology is being adopted very slowly, nevertheless,