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Showing posts from April, 2025

Australia's AUSTRAC Launches Major Crackdown on Dormant Crypto Exchanges

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Australia's financial intelligence agency, AUSTRAC, has initiated a significant crackdown on dormant cryptocurrency exchanges, urging them to either remain active or face deregistration. This move aims to protect consumers and prevent criminal exploitation of inactive platforms, especially as the country approaches its federal elections. Read more

BlackRock Takes a Bold Step into Digital Finance with Tokenized Shares

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BlackRock, the world’s largest asset manager, has made headlines by filing to create digital shares for its $150 billion Treasury Trust Fund. This innovative move aims to leverage blockchain technology to enhance transparency and efficiency in investment transactions, marking a significant shift in traditional finance. Read more

$500 Million Telegram Bond Fund Launches on TON Blockchain

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Libre, a tokenization firm, has announced the launch of the Telegram Bond Fund (TBF) on the TON blockchain, aiming to tokenize $500 million worth of Telegram’s corporate debt. This initiative marks a significant step in integrating traditional finance with blockchain technology, providing accredited investors with access to high-quality yield products backed by Telegram's $2.4 billion in outstanding bonds. Read more

Trump's Crypto Venture Partners With Pakistan Amid Rising Tensions

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World Liberty Financial, a cryptocurrency firm linked to President Donald Trump, has made headlines by signing a partnership with the Pakistan Crypto Council. This agreement aims to enhance blockchain technology in Pakistan, coinciding with heightened tensions following a recent terrorist attack in the region. Read more

Unveiling the Future: Key Features of a Russian Ruble Stablecoin

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The Blockchain Forum in Moscow recently highlighted the potential development of a Russian ruble stablecoin, with industry leaders discussing its essential features. Sergey Mendeleev, founder of the digital settlement exchange Exved, outlined seven critical criteria for a stablecoin that could serve as a Russian counterpart to Tether (USDT). Read more

PayPal's PYUSD Stablecoin Cleared as SEC Investigation Ends

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PayPal has received a significant boost as the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company's stablecoin, PayPal USD (PYUSD), without pursuing any enforcement action. This decision marks a pivotal moment for PayPal and the broader cryptocurrency market, indicating a potential shift in regulatory attitudes towards stablecoins. Read more

SoFi's Bold Return to Crypto Investing: A New Era Begins

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SoFi, the fintech giant, has announced plans to re-enter the cryptocurrency market after a two-year hiatus. This decision comes in light of a significant shift in the regulatory landscape under the new presidential administration, allowing the company to expand its offerings in digital assets. Read more

Trump Media Ventures Into Cryptocurrency With New Wallet and Token Plans

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In a bold move to expand its digital ecosystem, Trump Media & Technology Group has announced plans to explore the launch of a cryptocurrency wallet and utility token for its Truth Social platform. This initiative aims to enhance user engagement and streamline subscription payments for its Truth+ streaming service. Read more

James O Beirne, Developer of Bitcoin Core, Issues Serious Warning

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James O Beirne, a key developer of Bitcoin Core, has recently raised alarms about the future of Bitcoin, the leading cryptocurrency. He shared his concerns during a podcast called *Supply Shock*, where he highlighted significant issues regarding the security budget of Bitcoin and how its decline could jeopardize the core principles that have long supported the network. Read more

Beware: Scammers Target Ledger Users with Deceptive Letters and Emails

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Scammers are increasingly targeting Ledger cryptocurrency wallet users through deceptive letters and emails, aiming to steal sensitive recovery seed phrases. These phishing attempts exploit past data breaches to create a false sense of urgency, urging users to validate their wallets under the guise of security updates. Read more

A16z Leads $25M Funding Round for Innovative Miden Blockchain Project

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Miden, a pioneering blockchain project that recently spun out from Polygon Labs, has successfully raised $25 million in a seed funding round led by a16z Crypto. This funding will support the development of a scalable, privacy-first blockchain designed to meet the needs of institutional clients. Read more

Nasdaq Aims to List 21Shares Dogecoin ETF, Paving the Way for Crypto on Wall Street

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Nasdaq has officially filed with the U.S. Securities and Exchange Commission (SEC) to seek approval for listing the 21Shares Dogecoin ETF. This move is seen as a significant step towards integrating cryptocurrencies into mainstream finance, particularly for institutional investors looking for regulated exposure to digital assets. Read more

Solana's Battle at $145: Can It Surge to $180

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Solana (SOL) is currently facing a pivotal moment as it defends the $145 support level. Traders are closely monitoring the cryptocurrency, speculating whether a breakout towards $180 is on the horizon. Despite recent consolidation, a bullish weekly chart offers hope for a significant price movement. Read more

Bitcoin Hot Supply Surges to $40 Billion as New Investors Enter the Market

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Bitcoin's recent price surge has led to a significant increase in its so-called "hot supply," which has now reached nearly $40 billion. This influx of new investors, drawn by the rising prices, marks a notable shift in market sentiment as short-term holders re-engage with the cryptocurrency. Read more

UK Government Unveils New Crypto Regulations to Tackle Scams

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The UK government has announced a new set of regulations aimed at enhancing consumer protection in the cryptocurrency market. This initiative, led by the Treasury and Chancellor Rachel Reeves, seeks to address the rising concerns over scams and fraudulent activities as more citizens engage with digital assets. Read more

Celsius Founder Alex Mashinsky Faces 20-Year Sentence for Fraud

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Former Celsius Network CEO Alex Mashinsky is facing a potential 20-year prison sentence as the U.S. Department of Justice (DOJ) seeks severe penalties for his role in a massive fraud scheme that resulted in billions of dollars in losses for customers. Mashinsky, who pleaded guilty to charges of commodities fraud and price manipulation, will be sentenced on May 8, 2025. Read more

Tsunami Malware: A New Threat Combining Credential Theft and Cryptomining

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A sophisticated malware framework known as "Tsunami" has emerged as a significant threat, actively targeting users through a complex infection chain. This malware not only steals credentials but also incorporates cryptomining capabilities, posing a serious risk to individuals and organizations alike. Learn about its infection process and features. Read more

Bunq Takes a Bold Step into Crypto Trading Services

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Dutch neobank Bunq has officially launched its crypto trading service, allowing users to invest in over 300 cryptocurrencies, including major players like Bitcoin, Ethereum, and Solana. This new offering is available to users in several European countries and marks a significant expansion for the rapidly growing fintech company. Read more

Nikhil Joshi Challenges Tokenization Myths in the Crypto Space

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Nikhil Joshi, the Chief Operating Officer at EMURGO, recently addressed the misconceptions surrounding tokenization in the digital asset landscape. During a discussion on the panel "Emerging RWA Opportunities in 2025," he emphasized the need for a strategic approach to tokenization rather than a blanket application across all assets. Read more

Loopscale Hacker Strikes Deal to Return $5.8 Million in Stolen Crypto

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The hacker responsible for the recent $5.8 million exploit of Loopscale, a Solana-based decentralized finance (DeFi) protocol, has agreed to negotiate the return of the stolen funds in exchange for a bounty. This development comes after the breach, which occurred on April 26, led to significant losses for the platform. Read more

XRP Set to Overtake Tether as Market Cap Soars to $134 Billion

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XRP is on the verge of a significant milestone, poised to surpass Tether (USDT) and reclaim its position as the third-largest cryptocurrency by market capitalization. With a current market cap of approximately $134 billion, XRP is gaining momentum, driven by a bullish market sentiment and strong trading activity. Read more

Tether's Unyielding Grip on the Stablecoin Market Amidst New Rivals

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In a rapidly evolving stablecoin landscape, Tether (USDT) continues to assert its dominance, holding a significant market share despite increasing competition from newer entrants. Recent data from Web3 research firm Nansen reveals that Tether commands approximately 66% of the stablecoin market, far outpacing its closest competitor, USDC, which holds around 28%. Read more

MetaMask Unveils Revolutionary Self-Custody Crypto Card in Partnership with Mastercard

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MetaMask, the leading self-custodial cryptocurrency wallet, has launched a pilot program for its new MetaMask Card in collaboration with Mastercard and Baanx. This innovative debit card allows users to spend their cryptocurrency directly from their wallets, simplifying the process of making everyday purchases with digital assets. Initially available to select users in the UK and EU, the card is set to expand globally in the coming months. Read more

Ethereum's Fusaka Hard Fork: A Major Upgrade Set for Late 2025

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Ethereum is gearing up for its next significant upgrade, the Fusaka hard fork, scheduled for late 2025. This upgrade aims to enhance the network's performance and scalability, addressing ongoing issues related to gas limits and transaction efficiency. The Ethereum Foundation has confirmed that the rollout will likely occur in the third or fourth quarter of 2025, although specific dates are yet to be finalized. Read more

Central Banks' Gold Accumulation Sparks Bitcoin Surge Potential

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The financial landscape is witnessing a significant shift as global central banks, particularly China, ramp up their gold purchases. This trend is raising speculation about a potential surge in Bitcoin prices, with analysts suggesting that the growing interest in gold as a safe-haven asset could lead to a similar boom for Bitcoin. Read more

Ethereum Gas Limit Set For 100x Increase Over Four Years

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Ethereum is on the brink of a significant transformation as researcher Dankrad Feist proposes a groundbreaking Ethereum Improvement Proposal (EIP-9698) aimed at increasing the gas limit by 100 times over the next four years. This ambitious plan could enhance Ethereum's transaction capacity dramatically, positioning it more competitively against other blockchain platforms. Read more

FBI Reports Americans Lost $9.3 Billion to Crypto Scams in 2024

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In a startling revelation, the FBI has reported that Americans lost a staggering $9.3 billion to cryptocurrency scams in 2024. This figure represents 56% of the total global losses attributed to crypto fraud, which amounted to $16.6 billion. The report highlights the growing threat of crypto scams, particularly targeting vulnerable populations such as the elderly. Read more

Mastercard's Bold Move: Integrating Stablecoins into Everyday Payments

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Mastercard has announced a groundbreaking strategy to integrate stablecoins into its payment systems, aiming to revolutionize how consumers and businesses transact. This initiative, unveiled on April 28, 2025, positions Mastercard at the forefront of the evolving financial landscape, where digital currencies are becoming essential for everyday transactions. Read more

Trump Sparks $8.2 Billion Crypto Deal Surge Amid Regulatory Shift

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A new wave of cryptocurrency deals has emerged, totaling $8.2 billion, as the Trump administration embraces a more favorable regulatory environment for digital assets. This surge is marked by significant mergers and acquisitions, signaling a renewed optimism in the crypto market following years of uncertainty. Read more

XRP Overtakes Ethereum in Popularity Among Japanese Investors

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Recent market data reveals that XRP, the cryptocurrency associated with Ripple, has surpassed Ethereum (ETH) in popularity among Japanese investors. With an 18% share of tokens stored on Japanese exchanges, XRP now ranks second, while Ethereum holds a 14.4% share, trailing behind Bitcoin's dominant 65%. Read more

Bitget Launches Legal Action After $20 Million Manipulation of VOXEL Tokens

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In a significant move, cryptocurrency exchange Bitget has initiated legal proceedings against eight accounts accused of manipulating the trading of VOXEL tokens, resulting in a staggering $20 million loss. This incident, which occurred on April 20, has raised serious concerns about market integrity and the effectiveness of risk controls within the crypto industry. Read more

Exploring Ethereum's 2025 Price Outlook

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As we look ahead to 2025, Ethereum remains a hot topic in the cryptocurrency world. With its smart contract capabilities and growing ecosystem, many are curious about what the future holds for ETH. Will it reach new heights, or will challenges keep it grounded? In this article, we’ll break down the main factors that could influence Ethereum's price, the risks it faces, and what possibilities lie ahead. Read more

Coinbase Pushes for SEC Staff to Hold Cryptocurrency

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Coinbase has taken a bold step by urging the U.S. Office of Government Ethics (OGE) to lift the ban on Securities and Exchange Commission (SEC) staff holding cryptocurrencies. This move is aimed at enhancing the understanding of digital assets among regulators, which Coinbase argues is essential for effective regulation. Read more

Ethereum Community Unveils Innovative Fee Structure to Boost App Development

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The Ethereum community is taking significant steps to enhance its application layer's financial sustainability. A new proposal introduced by community members Kevin Owocki and Devansh Mehta aims to create a dynamic fee structure that adjusts based on project funding levels, addressing the need for fairer fee extraction and encouraging developer growth. Read more

Nike Faces $5 Million Lawsuit Over RTFKT NFT Shutdown

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Nike is facing a class-action lawsuit after abruptly shutting down its NFT platform, RTFKT, in December 2024. The lawsuit, filed by a group of investors led by Jagdeep Cheema, claims that the closure resulted in significant financial losses for NFT holders, who allege they were misled about the nature of their investments. Read more

ProShares Launches Three XRP ETFs Following SEC Approval

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ProShares has received the green light from the U.S. Securities and Exchange Commission (SEC) to launch three new XRP exchange-traded funds (ETFs) on April 30, 2025. This marks a significant milestone for cryptocurrency investment products in the U.S., particularly for XRP, which has faced regulatory scrutiny in the past. Read more

Grayscale Dominates U.S. Spot Bitcoin ETF Revenue Amidst Outflows

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Grayscale Investments continues to lead the U.S. market for spot Bitcoin exchange-traded funds (ETFs) in revenue, despite facing significant challenges, including substantial capital outflows. The firm’s high fee structure has allowed it to maintain profitability even as competitors gain ground. Read more

Bitwise CEO Sees Hope Ahead For Bitcoin

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Bitcoin prices have recently experienced a significant decline, with Google search interest for the cryptocurrency hitting multi-month lows. Despite this downturn, Hunter Horsley, CEO of Bitwise Asset Management, remains optimistic about Bitcoin's future, highlighting the growing involvement of institutional investors in the market. Read more

Alabama's Legal Shift: Case Against Coinbase Dropped Amid Crypto Policy Changes

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Alabama has officially dropped its enforcement action against Coinbase, a significant development in the ongoing legal landscape surrounding cryptocurrency staking programs. This decision reflects a broader shift in regulatory attitudes as states reassess their approaches to digital asset oversight in light of evolving federal policies. Read more

Brazil Makes History With Launch Of The First Spot XRP ETF

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Brazil has officially launched the world’s first spot XRP exchange-traded fund (ETF), named XRPH11, on April 25, 2025. This groundbreaking development positions Brazil as a leader in the cryptocurrency investment landscape, offering investors a regulated avenue to gain exposure to XRP, one of the leading digital assets. Read more

Reddit Points Skyrocket 45% Following Totem Point's Strategic Investment

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Reddit Points experienced a remarkable surge of over 45% on Sunday, fueled by the announcement that Totem Point Management LLC, a New York-based investment firm, acquired a stake in Reddit worth approximately $1.273 million during the fourth quarter. This development has sparked significant interest among investors, highlighting the potential of Reddit's blockchain-based Community Points system. Read more

Pavel Durov Receives $47,000 NFT Frog as a Gift

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Pavel Durov, the founder of Telegram, has recently received a remarkable gift in the form of a non-fungible token (NFT) valued at approximately 4 million rubles (around $47,000). The NFT, known as Plush Pepe #1 from the Plush Pepes collection, marks a significant moment in the integration of digital assets within the Telegram ecosystem. Read more

El Salvador Strikes a Balance: Bitcoin Adoption Amid IMF Compliance

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El Salvador continues to navigate the complex waters of cryptocurrency adoption while adhering to its commitments with the International Monetary Fund (IMF). Despite an agreement to halt government Bitcoin accumulation, the country has recently acquired additional Bitcoin, raising questions about its financial strategy and future direction. Read more

Gala Games Partners With White House, Reviving GameFi Tokens

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In a groundbreaking collaboration, Gala Games has partnered with the White House to host a Web3 gaming event during the 2025 Easter Egg Roll. This partnership has sparked renewed interest in GameFi tokens, which have struggled in the market since the 2021 crypto boom. Following the announcement, GameFi tokens have seen a significant surge, indicating a potential revival in the sector. Read more

Cryptocurrency Spotlight: Pi Network, XRP, and Sui to Watch This Week

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As the cryptocurrency market continues to evolve, three tokens are capturing the attention of investors this week: Pi Network (PI), Ripple (XRP), and Sui (SUI). Each of these cryptocurrencies is experiencing unique developments that could influence their market performance in the coming days. Read more

Ethereum ETFs See $104 Million Inflows as Institutional Interest Grows

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Ethereum’s exchange-traded funds (ETFs) have witnessed a remarkable surge in demand, with net inflows reaching $104 million in just 24 hours. This significant influx signals a renewed interest from institutional investors, suggesting that Wall Street may be preparing for a substantial lift-off in the cryptocurrency market. Read more

North Korean Hackers Distribute Malware Through Fake Crypto Companies and Phony Job Interviews

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North Korean hackers are using clever tactics to spread malware by pretending to be cryptocurrency companies. They set up fake firms and lure potential job candidates into interviews, which are actually traps designed to compromise their systems. This new strategy has raised alarms in the cybersecurity community, especially as it targets the growing cryptocurrency sector. Let's break down how these hackers operate and the impact of their actions. Read more

Crypto Heist: How a $243 Million Theft Unraveled in Just 30 Days

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In a stunning turn of events, a group of cybercriminals managed to steal a staggering $243 million in cryptocurrency, only to be apprehended within a month. The investigation revealed a series of missteps, including a violent kidnapping attempt that ultimately led to their downfall. Read more

US Bitcoin ETFs See Record Inflows: Over $3 Billion in a Week

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In a remarkable turn of events, U.S. spot Bitcoin exchange-traded funds (ETFs) have attracted over $3 billion in inflows within a single week. This surge marks the highest weekly inflow in five months and stands as the second-largest ever recorded, signaling a renewed interest in cryptocurrency investments among institutional and retail investors alike. Read more

Loopscale's Lending Operations Halted Following $5.8 Million Hack

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Loopscale, a decentralized finance (DeFi) platform built on the Solana blockchain, has temporarily suspended its lending operations after a significant security breach resulted in the loss of approximately $5.8 million. The exploit, which occurred on April 26, targeted vulnerabilities in the platform's collateral pricing mechanism, leading to a substantial impact on its total value locked (TVL). Read more