Category Archive: Cryptocurrency, No picture
Pyth Network, Aavo, Memecoin, and Starknet set for over $2 billion token unlock this month
Several crypto projects are poised for significant token releases in May, with Aavo, Pyth Network, Memecoin, and Starknet at the forefront. Data from Token Unlocks indicates that these projects will experience the largest token unlocks this month.Memecoin (MEME) released 5.31 billion tokens, constituting about 31% of its circulating supply and worth nearly $128 million today.Aavo […]
DOJ charges former Cred execs over $783M fraud and money laundering scheme
The US Department of Justice (DOJ) has announced charges against three former executives of the now-bankrupt crypto lending and investing firm Cred, alleging their involvement in a scheme that led to customers losing crypto holdings currently valued at over $783 million.The accused individuals include Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, […]
Bitcoin hits $63,000 following first-time inflows into Grayscale Bitcoin Trust
Bitcoin (BTC) reclaimed the $63,000 mark on Binance late Friday as inflows into US spot Bitcoin exchange-traded funds (ETFs) made a comeback. Notably, Grayscale’s spot Bitcoin ETF, Grayscale Bitcoin Trust ETF (GBTC), ended its 80-day outflow streak – the fund attracted $63 million in inflows in today’s trading session, according to data from Coinglass.At the […]
Web3 gaming reception shifts from skepticism to enthusiasm: Shrapnel’s Head of Studio
Blockchain gaming is received with excitement by 46% of traditional PC gamers, according to a survey by Web3 PC games distribution platform Ultra. This signs a possible shift in how traditional gamers perceive the blockchain gaming industry, something that Don Norbury, Head of Studio at Shrapnel, discussed with Crypto Briefing.Norbury said that during this year’s […]
“US government can’t go bankrupt because we can print our own money,” says Biden Administration
In a documentary released today, titled “Finding the Money,” Jared Bernstein, Chair of the Council of Economic Advisers and a key advisor to President Biden on economic policy, made controversial comments about the US government’s ability to print money. “The US government can’t go bankrupt because we can print our own money,” said Bernstein. His […]
LayerZero demands sybil airdrop farmers to self-report
LayerZero, a protocol enabling connections between incompatible blockchains, has given sybil airdrop farmers an opportunity to self-report their addresses by May 17 in exchange for a reduced token allocation.According to LayerZero, those who decide to come forward will receive 15% of their intended allocation, while those who do not are at risk of receiving “nothing” […]
Solana to join Bitcoin and Ethereum as top crypto assets, $1.6 trillion asset manager predicts
Franklin Templeton, a global investment firm managing 1.6 trillion dollars, has released a report titled “Solana: Accelerated Adoption,” which predicts that Solana is positioned to become the third major crypto asset after Bitcoin and Ethereum. The report states, “Our view is that Solana’s growth is likely to continue because it is well positioned to capture […]
Investor loses $71 million in WBTC, tricked by poisoned address
A crypto investor sent over 1,155 Wrapped Bitcoin (WBTC) to an exploiter address this Friday, according to reports on X from blockchain security firms CertiK and Cyvers. The amount is equivalent to over $71 million in Bitcoin’s price at the time of writing, and the mistake was purposely caused by a “poisoned address attack.”Address poisoning […]
Crypto landscape signals turbulence and dissatisfaction: IntoTheBlock
The current crypto landscape signals turbulence and dissatisfaction from investors, according to IntoTheBlock’s “On-chain Insights” newsletter. The price drop registered by Bitcoin (BTC), the subdued impact of new Hong Kong ETFs, and the EIGEN token launch initial fiasco are the main reasons.The crypto rally this year hit a rough patch as Bitcoin’s value seesawed between […]
ZKasino founder arrested in Netherlands and over $11 million seized
Netherlands’ Fiscal Information and Investigation Service (FIOD) apprehended one of ZKasino’s founders on April 29. The 26-year-old man was detained on charges of fraud, embezzlement, and money laundering. The criminal probe was initiated on April 25th, spurred by reports on platform X and intelligence from FIOD’s departments.During the raid, authorities seized assets worth over 11.4 […]
