Category Archive: Cryptocurrency, No picture
Bitcoin momentarily drops below $57K hours ahead of Fed interest rate decision
In the lead-up to the upcoming Federal Reserve meeting, investor pessimism has significantly impacted the prices of Bitcoin and Ethereum.As of the time of writing, BTC has dropped 7.6%, and ETH is down 6% over the past 24 hours. The Bitcoin price is currently hovering around $57,000, while the Ethereum price is stuck at just […]
Celsius Network burns 94% of CEL token supply after bankruptcy exit
Celsius Network, a previously embattled cryptocurrency lending platform, has burned 652.2 million CEL tokens, representing 94% of the total token supply.The transaction, which took place on April 30, sent the tokens to a null address, effectively removing them from circulation.According to data from Etherscan, the burned tokens were valued at approximately $83.2 million based on […]
Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a […]
Pre-token platforms give early market access but still lack liquidity: Keyrock
Despite the innovative approaches, pre-token markets face challenges such as price discovery inefficiency due to low volume compared to markets after the token generation event (TGE), according to the “Can markets be efficient before they even exist?” report by Keyrock.The report highlights that the volume disparity can be as high as 1,000 times, mentioning tokens […]
Bitcoin Cash founder Roger Ver arrested in Spain for tax evasion
Roger Ver, the founder of Bitcoin Cash and a public figure known as “Bitcoin Jesus,” was arrested in Spain on charges of mail fraud, tax evasion, and filing false tax returns. Ver is facing extradition to the US to stand trial.According to the US Department of Justice (DOJ), the indictment was unsealed yesterday and accuses […]
Binance founder Changpeng Zhao sentenced to four months in prison
Changpeng Zhao (CZ), founder of the largest crypto exchange by trading volume Binance, was sentenced to four months in prison, as reported by Bloomberg. CZ was charged for his failures that made it viable for cybercriminal and terrorist activities to take place on Binance. US District Judge Richard Jones, in Seattle, was responsible for the […]
Wisdomise secures $9.5 million for AI-driven Web3 expansion
Artificial intelligence (AI) infrastructure Wisdomise has successfully closed a $9.5 million funding round with contributions from Chainlink Labs, SingularityDAO, VentureSouq, Pontinova Invest, Cetacean Capital, and ODE Capital.The funds will enhance Wisdomise’s deep tech foundation, focusing on AI/ML, Blockchain, and Quant Finance, and support the development of a Financial Intelligence SuperApp. This app aims to enable […]
dWallet Network enhances Monad with multi-chain DeFi support
Blockchain service provider dWallet Network has announced its latest move to support Layer-1 blockchain Monad, enabling multi-chain transfers. The collaboration will allow Monad ecosystem developers to utilize dWallet’s non-collusive and decentralized building blocks to create natively multi-chain decentralized finance (DeFi) applications. “This support from dWallet Network is a testament to our dedication to providing the best […]
Backed Finance raises $9.5 million in Series A funding round to accelerate tokenization for institutional clients
Backed Finance AG, a prominent issuer of tokenized real-world assets, has completed a $9.5 million Series A funding round. The company plans to use the funds to enhance its private tokenization services, aiming to onboard asset managers to blockchain solutions.The round was led by Gnosis, with the participation of new and existing investors, including Exor […]
CZ may become the richest person to ever get jailed in the US
Binance, the world’s largest cryptocurrency exchange, continues to thrive despite the legal troubles faced by its founder, Changpeng “CZ” Zhao.Zhao, who pleaded guilty to violating anti-money laundering laws, faces the possibility of a three-year prison sentence, as recommended by US prosecutors. Zhao is scheduled for sentencing today, April 30, after the initial sentencing date was […]
