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.
Russian lawmakers have announced their intention to introduce restrictions on the circulation of crypto assets, which could be implemented as early as September 1. The Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, revealed that a vote on a ban on organizing cryptocurrency circulation will be held in the coming weeks. […]
Despite Circle's rising transaction count, Tether's USDT still accounts for over 68% of the entire stablecoin market.
According to the prosecutors, the scale of losses justifies the sentence recommendation.
Attendees at Token 2049 in Dubai shared their personal stories on how they became rich.
Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs.
From April 26, police can transfer seized illicit crypto to wallets controlled by the authorities, with victims able to reclaim funds from the accounts.
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018.
In a Brooklyn federal court, a crypto-influencer on social media sites such as Instagram, Jebara Igbara, also known as “Jay Mazini,” was sentenced to 84 months for wire fraud, wire fraud conspiracy, and money laundering. According to the United States Attorney’s Office for the Eastern District of New York, Igbara’s schemes resulted in substantial financial […]
The new legislation would impact crypto-asset service providers (CASPs), like centralized crypto exchanges under MiCA (Markets in Crypto-Assets Regulation).
The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering.
In a major development, the co-founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill, were arrested by US authorities on charges of operating an unlicensed money-transmitting business and conspiracy to commit money laundering. The duo allegedly facilitated the laundering of over $100 million in criminal proceeds, including funds originating from the Silk Road and […]
Despite the temporary price depeg, a trader made nearly $400,000 in profit due to the unfortunate incident.
The CBN through the circular, also stated that regulated financial institutions dealing in crypto or facilitating payments for crypto exchanges are prohibited.
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash.
Current inflows into altcoins are insufficient to offset some of the big token unlocks and selling pressure from VCs.
Even after Binance announced its departure from Canada in May 2023, local authorities have continued to investigate the exchange.
Bitcoin exchange Mt. Gox has reportedly begun repaying its users, providing a glimmer of hope for those affected by the exchange’s infamous hack over a decade ago. The trustee of Mt. Gox confirmed the verification process for eligible repayment clients three months ago, and now users are seeing actual payments being made. However, the repayment […]
The funds will be used to build Shiba's novel privacy layer TREAT.
Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK), stirred the crypto community with his recent Dogecoin comparison. On the cusp of Bitcoin’s highly anticipated halving today, Ansem doubled down on his initial assessment, particularly highlighting two tokens within the Bitcoin Runes ecosystem: Bitcoin Wizards (WZRD) and PUPS. He equates WZRD with Dogecoin, suggesting it has the potential to mirror Dogecoin’s viral success. In contrast, he compares PUPS to the lesser-known but highly profitable dogwifhat (WIF). Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? In a tweet that caught the eye of both investors and enthusiasts, Ansem elaborated on his reasoning behind the picks, stating: Great thread, been saying, I believe Runes are next asymmetric 100x opp in crypto. The meme that got DOGE founder interested in Bitcoin & the phrase magic internet money is still used today – representative of bitcoin culture. DOGE equivalent = WZRD, WIF equivalent = PUPS. Ansem references a thread on X by Immutable Edge (@ImmutableSOL), who delved into the historical and cultural significance of the “Magic Internet Money” meme, originally sparked by mavensbot’s viral Reddit ad. The “Magic Internet Money” meme dates back to February 18, 2013, when mavensbot, a digital artist, submitted a hand-drawn depiction of a blue wizard to promote Bitcoin on Reddit. This ad, created during Bitcoin’s early adoption phase, was crucial in cultivating a cultural ethos around Bitcoin. It resonated deeply within the community, encapsulating the whimsical yet revolutionary nature of Bitcoin’s rise. The ad’s simplicity and authenticity resonated with the Reddit community, propelling Bitcoin from a niche internet experiment to a major financial phenomenon. Within weeks of the ad’s debut, Bitcoin’s value surged from $27 to a record high of $1,132 by November 2013. Related Reading: Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over Bitcoin Wizards, one of the highlighted tokens, aims to rekindle this original spirit. The token leverages the iconic imagery and cultural narrative of the “Magic Internet Money” meme to foster a new wave of interest and adoption. The creators of WZRD are not only paying homage to Bitcoin’s roots but are also embedding this storied meme within the mechanics of a modern cryptocurrency, aiming to capture both nostalgia and innovation. The Bitcoin Wizards project is part of the broader Bitcoin Runes ecosystem, which reached a lot of hype prior to its launch. According to Ansem, WZRD’s history and deep roots in memes give it the perfect ingredients to become the next Dogecoin, just on Bitcoin Runes. Moreover, the analyst assessment comes at a critical time for the crypto market, which is often influenced by the narratives that capture the community’s imagination. As the Bitcoin halving event unfolds, many eyes will be on the Bitcoin Runes ecosystem to see if it can indeed replicate the meteoric rises seen in BRC-20 tokens and Ordinals. At press time, WZRD traded at $12.15, up 70% in the last 24 hours. Featured image created with DALL·E, chart from TradingView.com
With the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.
Despite potential price fluctuations on different trading venues, USDP will always remain redeemable for $1 on Paxos, a spokesperson told Cointelegraph.
NASA has turned to Web3 tech, such as the metaverse, as well as virtual reality, to train astronauts to live in space.
Hardhat Chad clarified that he isn’t looking for funds from the foundation; his goal for Ore is to establish a currency, not develop testnet tools.
Asset manager Blackrock has emerged as the frontrunner in the Bitcoin ETF race in terms of inflows with its IBIT ETF, which is increasingly attracting institutions’ attention as a key development showing its success. Many fund managers have flocked to invest in BlackRock’s ETF, signaling a growing interest in digital assets among traditional financial institutions. […]
Demis Hassabis previously compared crypto and AI, saying both had a problem with hype and scams.
Risk assets could be at a tipping point, warns Markus Thielen, who announced selling all the company’s tech stocks as his outlook turned bearish.
The Fijian prime minister’s reported consultations on introducing Bitcoin into the economy seem to have been in vain.
Between 2020 and 2021, the development of nonfungible tokens saw significant growth and billion-dollar expansion across various sectors.
The Landesbank Baden-Württemberg will start offering crypto custody services to institutional clients starting from the second half of 2024.