Category Archive: Cryptocurrency, No picture
Zeta Markets secures $5 million for Solana DeFi expansion
Decentralized exchange (DEX) for perpetual trading Zeta Markets has completed a strategic $5 million funding round, led by Electric Capital and with contributions from DACM, Selini Capital, Airtree Ventures, and several notable angel investors, including Anatoly Yakovenko of Solana.The fresh capital will facilitate the development of Solana’s first layer-2 solution by Zeta Markets, focused on […]
LayerZero CEO confirms 100,000 wallets self-report Sybil activity
Bryan Pellegrino, CEO of LayerZero Labs, announced that up to 100,000 wallets self-reported their Sybil behavior. According to Pellegrino, this data collection will be considerably valuable in identifying participants using similar methods and software for fraudulent activities in the future. “My intuition is that a confirmed data set of 100,000+ is going to be extremely […]
Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B
A Dutch court at ‘s-Hertogenbosch has convicted Alexey Pertsev, a 31-year-old Russian national and developer of the crypto mixing platform Tornado Cash, of laundering $1.2 billion in illicit assets.The three-judge panel is expected to sentence Pertsev on Tuesday, and his lawyers will have 14 days to appeal the decision.The verdict is set to have a […]
Coinbase claims full recovery after system-wide outage
US crypto exchange Coinbase has been grappling with a “system-wide outage” since 12:15 am ET earlier today, rendering its services inaccessible to users attempting to access the platform via desktop or mobile.The exchange has been regularly updating its official status page and social media channels, assuring users that their funds remain secure. In its latest […]
Bitcoin exits post-halving dip, signals accumulation phase, suggests analyst
Bitcoin (BTC) may have exited the post-halving “danger zone” and entered the accumulation phase, according to data shared by technical analyst Rekt Capital. He suggests that the selling pressure behind Bitcoin’s price is weakening. #BTC The Post-Halving Bitcoin “Danger Zone” (purple) is officially over And Bitcoin is celebrating with a good bounce from the Re-Accumulation […]
Bitcoin and Ethereum ETFs saw sharp outflows in Hong Kong market
Hong Kong’s spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded massive outflows in the latest trading session, according to data from Farside.On Monday, three Bitcoin funds—Borsera, AMC, and Harvest—experienced outflows totaling $32.7 million, marking the largest since their launch. Currently, these funds have approximately $247 million in Bitcoin under management (AUM). Ethereum ETFs also reported […]
Biden blocks Chinese crypto miner’s land purchase near US base in Wyoming
President Joe Biden has taken decisive action against a Chinese-backed crypto mining operation located near a key US military base in Wyoming, as reported by Associated Press News. The President’s order, announced on Monday, mandates the divestment of land owned by MineOne Partners Ltd., which operates a crypto mining facility in proximity to the Francis […]
Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash
Senators Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) have sent a letter to Attorney General Merrick Garland, questioning the Department of Justice’s (DOJ) “unprecedented interpretation” of the law in its pursuit of cryptocurrency software services, such as Samourai Wallet and Tornado Cash, as unlicensed money-transmitting businesses.The senators argue that the DOJ’s approach contradicts previous guidance […]
HarryPotterObamaSonic10Inu unveils new memechain technology
Meme coin HarryPotterObamaSonic10Inu (BITCOIN) has announced today the launch of its blockchain, powered by AltLayer and EigenDA, the data availability layer of EigenLayer. On May 14th, the meme coin completes its first year.announced Despite not revealing details, the X post shared that this new blockchain will be a “memechain.” Since the announcement, BITCOIN has risen […]
Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show
In a recent 13F filing with the Securities and Exchange Commission (SEC), UBS Group AG, the Switzerland-based global investment bank and financial services firm, disclosed a substantial holding in the iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) managed by BlackRock Inc.The filing, which covers the first quarter of 2024, reveals that UBS Group AG, […]
