Tokens linked to artificial intelligence (AI) projects are once again soaring, riding the bullish wave of the broader crypto market. The latest analysis by Santiment also highlighted a similar trend. The crypto analytic platform’s findings revealed an impressive growth in the market cap of AI and BigData projects. AI and Big Data Market Cap Soars...Read More
Kerrisdale Capital has argued in a recent report that MicroStrategy’s shares have become overvalued. “We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value,” the company stated. MicroStrategy’s shares witnessed a notable 14% decline on Thursday following the...Read More
Vitalik Buterin, the co-founder of the Ethereum network, believes meme coins can become higher quality projects that contribute positively to the crypto ecosystem and the world around them, squashing the narrative that such tokens are useless, racist, and sexist. According to a new report titled “What Else Could Meme Coins Be?,” Buterin looks forward to...Read More
Bitcoin has been trading around $70,000 after a major retracement that dragged the leading crypto asset below $63,000 briefly. Despite a few flat trading sessions, data reveals that a pump could be in the offing that could further trigger a new wave of buying pressure. CryptoQuant’s latest analysis reveals a remarkable surge in USDC deposits,...Read More
Prisma Finance’s hacker, who stole $11.6 million from the decentralized finance (DeFi) protocol, claims the exploit was a “whitehat rescue” and is enquiring who to contact to refund the funds, according to on-chain messages. A white hat hacker tries to find security vulnerabilities in software code using their hacking skills. Attacker Claims ‘Whitehat Rescue’ Before...Read More
On March 28, Into The Cryptoverse CEO Benjamin Cowen postulated whether the current Bitcoin market cycle is normal or a “left-translated” one, where the peak occurs earlier than usual. Bitcoin has already notched up a new all-time high and it is still three weeks to go until the halving. This has introduced the possibility of...Read More
The province of British Columbia is taking proactive steps in its battle against financial crime, with the latest move targeting Michael Patry, the co-founder of the defunct Canadian largest crypto exchange, Quadriga CX. Mike Farnworth, Minister of Public Safety and Solicitor General, announced the filing of a third unexplained wealth order (UWO) with the British...Read More
There has been a remarkable surge in USDT transactions within the TRON ecosystem via TronDAO, showing a substantial increase since early February, now averaging over two million transactions daily. According to the latest data compiled by IntotheBlock, the surge brings the transaction volume close to the peak observed in January 2023. USDT Transaction Volume Soars...Read More
The Ethereum network has reached a noteworthy milestone by attaining one million validators. Based on data from the Dune Analytics dashboard developed by Hildobby, the quantity of ETH staked has risen to 32 million, with an approximate value of $114 billion at current market rates. This figure accounts for 26% of the total Ethereum supply....Read More
Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds (ETFs) will continue for years as more investors and institutions adopt the products. In a tweet detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated...Read More
Blobs have officially come to Ethereum through its latest “Dencun” hard fork, making it far cheaper to transact on the network’s layer 2 (L2) blockchains. So what’s next? In a blog post published on Thursday, Ethereum co-founder Vitalik Buterin outlined how he expects Ethereum to scale for mass adoption, emphasizing a shift in developmental focus...Read More
Sam Bankman-Fried a.k.a SBF, the founder and former CEO of defunct crypto exchange FTX, has received a sentence of 300 months or 25 years in total, with 240 months initially and an additional 60 months consecutively. The sentencing hearing unfolded on the 26th story of the federal courthouse in downtown Manhattan, where just months prior,...Read More
Prominent crypto exchange-traded product (ETP) issuer has announced the launch of 21Shares Toncoin Staking ETP. This new ETP aims to offer investors a regulated avenue to capitalize on the expansion of The Open Network, a platform facilitating applications such as Telegram, which boasts a user base exceeding 900 million in Q1 of 2024. 21Shares’ Toncoin...Read More
On March 26, Hashdex announced the renaming of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF, which will trade under the ticker ‘DEFI.’ The move to convert the futures fund to a spot ETF has been made in partnership with Tidal Investments LLC. DEFI has completed the conversion of its investment strategy to...Read More
United States House Financial Services Committee and House Agriculture Committee members have expressed notable concerns regarding the Securities and Exchange Commission’s (SEC) approach to managing Ethereum (ETH). The focus of their apprehension centers on crypto firm Prometheum’s plans to offer institutional custody services for ETH, which has sparked several demands for clarity and action from...Read More
The Munchables hacker, who recently exploited a weakness in the protocol and drained more than $62 million worth of Ether (ETH), has returned the keys holding the stolen funds. According to blockchain sleuth ZachXBT, the hacker allegedly worked as a developer on Munchables and has possible ties to North Korea. Munchables Loses Over $62 Million...Read More
Wladimir van der Laan – the former lead maintainer of Bitcoin Core – is mulling a comeback to Bitcoin development after the high-profile industry lawsuit, COPA v. Wright, came to a close earlier this month. In a blog post last Friday, the Bitcoin pioneer expressed relief and disbelief over the prosecutors’ victory, which saw London...Read More
BTC hit $71,375 on March 26, returning close to its all-time high of $73,738 earlier this month, but it failed to break through to a new peak. This was largely due to profit-taking, which has accelerated, according to on-chain analytics provider Glassnode. “Several on-chain indicators have flagged an uptick in profit-taking events,” the firm noted...Read More
Major crypto exchange KuCoin, along with two of its founders, was alleged to have failed to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to prosecutors, the absence of AML and KYC on KuCoin enabled the platform to be used to launder illicit funds from criminal proceeds. KuCoin and Founders Slammed With Charges In...Read More
The notorious crypto hacking group known as Pink Drainer has wreaked havoc in the DeFi sector. Recent findings by PeckShield reveal that Pink Drainer-affiliated addresses have staked a substantial 12 million DAI into the DeFi lending protocol Spark, constituting nearly 1.194% of the total sDAI tokens. This alarming revelation essentially means that Pink Drainer is...Read More
FTX is looking to sell a majority of its shares in artificial intelligence startup Anthropic to over 20 buyers, including an Abu Dhabi investment company and Jane Street Global. The sale could provide ample funds for the bankrupt crypto exchange to repay creditors affected by FTX’s collapse. FTX to Sell Over 29 Million Shares from...Read More
Amidst a broader market rebound, several DeFi-related projects appear to be bustling with development activity. Topping the list is Cosmos-based decentralized exchange Osmosis, which experienced a notable surge in development activity, emerging as the leading DeFi project over the past month. Osmosis Leads DeFi Development According to the data shared by Santiment, Osmosis recorded more...Read More
Tether, the company behind USDT, the largest stablecoin by market capitalization, has announced plans to double down on its artificial intelligence (AI) focus and recruit relevant talent to that effect. According to an official release, the stablecoin provider said the move highlights its dedication to advancing AI efficiency and accessibility in the technology sector. Tether...Read More
Worldcoin is yet again under scrutiny due to its “proof of personhood” project in Europe, which seeks to expand its user base by having individuals verify their humanity through eyeball scans. As per the Worldcoin website, the project has over 4.5 million sign-ups from 120 countries. Worldcoin Ordered to Halt Biometric Data Collection According to...Read More
Bitcoin reclaimed another crucial resistance area as it climbed above $69,000 this week. With the upcoming halving drawing near, investors are preparing for the price fluctuations that accompany this event. However, the latest data suggests a promising trend for the leading crypto assets as two critical factors shift positively. According to CryptoQuant’s analysis, the Coinbase...Read More
Ark Invest has sold 74,291 Coinbase shares, valued at $20.8 million, across three exchange-traded funds, per their latest trade filing on Monday. This sale comes following the firm’s sale of over $100 million worth of Coinbase shares last week when the price of COIN reached new yearly highs. Ark Invest Sells Coinbase Shares Ark Invest...Read More
On March 25, Ripple CLO Stuart Alderoty revealed that the SEC’s brief will be made public on Tuesday, March 26, and the regulator will be asking the judge for $2 billion in fines and penalties. Alderoty added that the agency has asked U.S. District Judge Analisa Torres in Manhattan for the penalties in court papers...Read More
As per a Bloomberg report, institutional clients of Goldman Sachs’ Asia Pacific division are displaying revitalized interest in Bitcoin, Ether, and other crypto assets. This trend indicates a notable evolution in the investment landscape for traditional financial institutions. According to Max Minton, the head of digital assets at Goldman Asia Pacific, a significant number of...Read More
How close is the current “Bitcoin cycle” to its bull market peak? History suggests it could be closer than most think. Lead Glassnode analyst James Check showcased a chart on Monday comparing Bitcoin (BTC)’s price action over the last three years to that of other Bitcoin epochs after touching their respective all-time highs. The Bitcoin...Read More
As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a...Read More
