Cryptocurrency news

• Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode

  30-04-2024 23:47 via cointelegraph.com
  Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.
  
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• House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

  30-04-2024 23:42
  
  U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered Ethereum's ether a security before he attended a hearing and declined to answer that question.
  
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• US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

  30-04-2024 23:33 via cointelegraph.com
  The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.
  
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• Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

  30-04-2024 23:20
  
  Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.
  
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• Binance Founder Changpeng "CZ" Zhao Gets 4 Months in Prison

  30-04-2024 23:09
  
  Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison Tuesday.
  
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• Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin

  30-04-2024 23:00 via newsbtc.com
  
  A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions. 
  Analyst Predicts ETH/BTC Bottom Timeline
  In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle. 
  Sharing insights on the mar
  
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• CZ sentenced: A chronology of Binance’s legal battles in the US

  30-04-2024 22:50 via cointelegraph.com
  Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws.
  
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• Physical version of gold-backed token replaces Zimbabwe dollar

  30-04-2024 22:26 via cointelegraph.com
  The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.
  
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• Why Eigenlayer’s Airdrop Is Controversial

  30-04-2024 22:20
  
  Although it’s actually conservative.
  
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• Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

  30-04-2024 22:02
  
  Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide.
  
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• Solana Memecoin Hits $320 Trillion Market Cap, But There’s A Catch

  30-04-2024 22:00 via newsbtc.com
  
  The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase.Solana Memecoins’ New Strike
  Memecoins have been the narrative of this bull cycle. As a result, those who wanted to make big profits mainly invested in newly launched projects. While some have made millions by trading the week’s top gainers, others have lost significant
  
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• Changpeng Zhao four-month prison sentence lighter than expected

  30-04-2024 21:52 via cointelegraph.com
  Prosecutors initially sought to charge the former Binance executive with 36 months.
  
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• Bitcoin DeFi ecosystem thrives despite market correction

  30-04-2024 21:30 via cointelegraph.com
  The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year.
  
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• BREAKING: Former Binance CEO CZ Behind Bars: Sentenced To Jail For 4 Months

  30-04-2024 21:23 via newsbtc.com
  
  In a significant development for the crypto industry, Changpeng Zhao, commonly known as CZ, the founder of Binance, the world’s largest cryptocurrency exchange, has been imprisoned for four months. 
  The sentencing follows his guilty plea to charges related to enabling money laundering activities within his crypto exchange. The verdict was delivered in Seattle federal court and marks the culmination of US authorities’ multiyear investigation into Binance.
  Lighter Sentence For Bin
  
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• Bitcoin falls under $60K as BTC‘s futures premium drops to a 5-month low

  30-04-2024 21:21 via cointelegraph.com
  Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over?
  
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• Ex-Binance CEO Changpeng Zhao sentenced to four months in prison

  30-04-2024 21:03 via cointelegraph.com
  Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond.
  
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• USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000

  30-04-2024 21:00 via newsbtc.com
  
  Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D. 
  USDT Dominance Falling, Good For BTC?
  Taking to X on April 29, the analyst said USDT.D recently fell, breaking below a critical support trend line. Thus far, USDT.D faces strong rejections at immediate resistance levels, signaling weakness.All this, while considering the inverse relation the
  
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• Binance Founder CZ Gets 4 Months in Prison

  30-04-2024 20:59
  
  Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison Tuesday.
  
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• Changpeng ‘CZ’ Zhao faces reduced jail time as judge rejects DOJ request

  30-04-2024 20:57 via coinjournal.net
  
  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
  
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• US Justice Dept charges Roger Ver with tax fraud

  30-04-2024 20:49 via cointelegraph.com
  Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.
  
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• Coinbase integrates Lightning Network for Bitcoin transactions

  30-04-2024 20:30 via cointelegraph.com
  The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange.
  
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• Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin

  30-04-2024 20:00 via newsbtc.com
  
  Crypto analyst Ali Martinez has provided insights into why $59,800 is a crucial price level for the Bitcoin future trajectory. The analyst revealed two things that could happen if the flagship crypto drops that low. 
  Why $59,800 Is An Important Level For Bitcoin
  Martinez mentioned in an X (formerly Twitter) post that the Bitcoin short-term holder’s (STH) realized price is at $59,800. He added that BTC historically often bounces off this level during an uptrend, which would mean that t
  
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• Ethereum drops below $3k as liquidations hit $320 million

  30-04-2024 19:59 via coinjournal.net
  
  Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase.
  The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong.
  Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs).Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure.
  As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychologic
  
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• Binance Founder CZ Will Soon Learn His Fate at Sentencing Hearing in Seattle

  30-04-2024 19:47
  
  Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison Tuesday.
  
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• Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1

  30-04-2024 19:30 via cointelegraph.com
  The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January.
  
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• Hong Kong Bitcoin and Ether ETFs attract over $200M on day 1

  30-04-2024 19:30 via cointelegraph.com
  The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January.
  
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• Klaytn scores listing on the Philippines’ top crypto exchange

  30-04-2024 18:40 via coinjournal.net
  
  Klaytn token KLAY is now available for trading on Coins.ph, the Philippines’ largest crypto exchange.
  The exchange has added support for KLAY/PHP.Klaytn (KLAY) is now listed on Coins.ph, the largest crypto exchange in the Philippines.
  The blockchain network for the metaverse, GameFi and the creator economy announced the major news on Tuesday. It noted that the native Klaytn token KLAY is now available for trading on the Bangko Sentral ng Pilipinas (BSP)-licensed crypto exchange.BSP is the
  
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• 30k+ Crypto Community Backs CZ in Dynamic Onchain Poll

  30-04-2024 18:38 via coinjournal.net
  
  Over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance
  The decentralized opinion poll on AlphaorBeta sought insights on whether CZ’s contributions to the cryptocurrency world outweigh his past regulatory challenges.New York, USA, April 30th, 2024 
  In a significant demonstration of community backing, over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance, through a decentralized opinion poll on
  
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• Bitcoin To $92,190: Crypto Analyst Reveals Path To ATH Target

  30-04-2024 18:30 via newsbtc.com
  An analyst has explained what path Bitcoin might need to follow to surge to a new all-time high (ATH) target of $92,190.
  Bitcoin Needs To Breach This Resistance Barrier To Rise To New ATH
  In a new thread on X, analyst Ali discussed whether the BTC price has hit the top. The one signal the analyst has pointed out that may point towards the top has been the massive scale of profit-taking that the market has seen recently.Ali is waiting for another confirmation before the top can be confirmed. In t
  
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• April sees $25M in exploits and scams, marking historical low ― Certik

  30-04-2024 18:30 via cointelegraph.com
  Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased.
  
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• April sees $25M in exploits and scams, marking historic low ― CertiK

  30-04-2024 18:30 via cointelegraph.com
  Losses from hacks and scams reached their lowest level since 2022 when CertiK first started recording the data, with flash loan attacks and private key hacks decreasing.
  
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• Bitcoin sells the news on Hong Kong ETF debut — Will BTC hold $60K?

  30-04-2024 18:27 via cointelegraph.com
  Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event.
  
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• Crypto’s Transition: Bringing Capital Onshore

  30-04-2024 18:05
  
  Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY.
  
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• Patrick McHenry accuses Gary Gensler of misleading US lawmakers over Ether

  30-04-2024 18:01 via cointelegraph.com
  The chair of the U.S. House Financial Service Committee alluded to claims in Consensys’s recent lawsuit against the SEC, suggesting an investigation into Ether as a security.
  
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• Distilling the Tornado Cash and Samourai Suits

  30-04-2024 18:00
  
  There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal government's efforts to tamp down on what it sees as money laundering enabled by privacy tools, and sets up a continuation of that broader conversation on where the right to transact in privacy fits within national security interests.
  
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• Wasabi Wallet and Phoenix Leave the U.S.; What’s Next for Non-Custodial Crypto?

  30-04-2024 17:55
  
  Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat?
  
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• Ether Holds Up Despite Correction in CoinDesk 20: CoinDesk Indices Market Update

  30-04-2024 17:53
  
  All 20 assets in the gauge posted declines over the past week, led by Solana, Cardano, and Aptos.
  
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• ‘It's Modding, But on Steroids’: Mark Long on the Future of Web3 Gaming

  30-04-2024 17:36
  
  Shrapnel, a blockchain-infused first-person shooter game, is expected to be released in 2025. Its creator gives a preview to Jeff Wilser ahead of his appearance at Consensus 2024.
  
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• Paradigm Special Counsel Has Left the Crypto-Focused VC Firm

  30-04-2024 17:34
  
  Rodrigo Seira has rejoined Cooley LLP, the law firm where he worked previously, according to his LinkedIn profile.
  
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• Web3 gaming won’t exist in 5 years, $656K for best crypto game pitch: Web3 Gamer

  30-04-2024 17:30 via cointelegraph.com
  Crypto VCs reveal why last cycle’s games sucked, Mega Cricket League review, plus $656K up for grabs in crypto game Shark Tank: Web3 Gamer.
  
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• CARV Announces Decentralized Node Sale to Revolutionize Data Ownership in Gaming and AI

  30-04-2024 17:27 via crypto-news.net
  
  Santa Clara, California, April 27th, 2024, Chainwire CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale. This is another major milestone towards CARV’s mission to maximize data innovation while ensuring individuals can share the value created in a user-owned internet. Starting May 13, users worldwide can […]
  The post CARV Announces Decentralized Node Sale to Revolutionize Data Ownership in Gaming and AI appeared first on Cr
  
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• Pioneering Digital Artist Andries Odendaal Launches Generative Art Collection, FABRIK

  30-04-2024 17:06 via crypto-news.net
  
  Cape Town, South Africa, April 30th, 2024, Chainwire Pioneering digital artist Andries Odendaal is unveiling his first generative art collection, FABRIK. This free mint, commissioned by NFTfi co-founder Stephen Young, represents nearly three years of artistic and technological development. With a limited edition of 1024 NFTs, FABRIK is designed as a token of appreciation for […]
  The post Pioneering Digital Artist Andries Odendaal Launches Generative Art Collection, FABRIK appeared first o
  
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• Crypto Funds Mark 3rd Consecutive Weeks Of Outflows With $435 Million In Withdrawals

  30-04-2024 17:00 via newsbtc.com
  
  Crypto investment products are now going through rough times, as shown by inflow and outflow data. The crypto market is known for its volatile market cycles of ups and downs. Investment products are now struggling, and confidence in the space seems shaken. Crypto funds have now seen outflows for three straight weeks, with investors pulling $435 million from digital asset funds last week, according to CoinShares data. The recent stretch of outflows highlights the souring investor sentiment around
  
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• BlackRock's BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton's

  30-04-2024 16:48
  
  BlackRock's first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.
  
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• Bitcoin sub-$60K levels in focus after daily crypto liquidations near $300M

  30-04-2024 16:36 via cointelegraph.com
  Bitcoin bears are out in force with BTC price trajectory quickly headed back to $60,000.
  
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• Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI’s next upgrade in disguise?

  30-04-2024 16:18 via cointelegraph.com
  A powerful new AI chatbot called “gpt2-chatbot” appears on LMSYS Chat and has sparked speculation about whether it could be OpenAI’s unreleased GPT-5 or a supercharged GPT-2.
  
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• Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI's next upgrade in disguise?

  30-04-2024 16:18 via cointelegraph.com
  A powerful new AI chatbot called “gpt2-chatbot” appears on LMSYS Chat and has sparked speculation whether it could be OpenAI's unreleased GPT-5 or a supercharged GPT-2.
  
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• Web3 in the Middle East: Do All Roads Lead to Riyadh?

  30-04-2024 16:12
  
  With a young population, enormous government funding and the hope of favorable regulation, expectations are high that Saudi Arabia will become a hub for crypto in the Middle East. But will the hype match reality?
  
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• BlackRock’s Bitcoin ETF daily inflow on halt for 4 days

  30-04-2024 16:06 via cointelegraph.com
  While some crypto observers are concerned about IBIT’s inflow halt, others say it’s more normal than the 71-day inflow streak it has recorded.
  
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• Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing

  30-04-2024 15:59
  
  Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison Tuesday.
  
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