We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, Airdrops,NFTs, and Altcoin trends and happenings.
Following a weaker-than-anticipated US labor market report, Bitcoin (BTC) has surged back into the mid-$61,000 range. This development has fueled optimism regarding the possibility of the Federal Reserve implementing multiple interest rate cuts before the conclusion of 2024. ❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K ❖ US Apr Unemployment Rate 3.9%; Consensus 3.8%…
Arthur Hayes, a prominent figure in the cryptocurrency space renowned for his role as the co-founder and former CEO of BitMEX crypto exchange, offered a glimpse into his optimistic perspective regarding the trajectory of Bitcoin’s price during a statement made on May 3rd. According to Hayes’ forecast, he envisages a scenario where Bitcoin’s price is…
IN BRIEF SHIB rebounded following the implementation of the two-stage Shibarium hard fork. ShibaInu seeks to enhance its native blockchain by implementing more efficient consensus mechanisms and reducing fees. ShibaInu introduces competition among Validators to offer competitive fees, encouraging increased BONE token deposits. The TREAT token is gaining recognition as a promising tool for executing…
Vodafone, a prominent telecommunications giant, is proactively exploring the utilization of SIM card technology to meet the anticipated surge in demand for cryptocurrency transactions conducted via mobile phones. In a revealing interview with Yahoo Finance Future Focus, David Palmer, Vodafone’s esteemed blockchain lead, shed light on the company’s strategic initiatives aimed at leveraging blockchain technology…
Volta, a burgeoning player in the cryptocurrency space, has successfully secured a substantial $4.1 million in seed funding. This financial injection aims to propel the development of a cutting-edge crypto platform tailored specifically for institutional investors, marking a significant milestone in the company’s journey towards revolutionizing the digital asset landscape. The funding round, as detailed…
In a significant legal development, the Australian Federal Court delivered a ruling on Friday that favored the Australian Securities and Investments Commission (ASIC) in a case concerning an unlicensed cryptocurrency platform accused of misleading customers. The court’s attention was drawn to the actions of BPS Financial, a crypto promoter based in Gold Coast, which allegedly…
EigenLayer, a restaking protocol, has responded expansively to the criticism it faced following its initial airdrop by deciding to provide an extra 100 EIGEN tokens to 280,000 qualifying wallet addresses. The decision comes amidst growing discontentment voiced by users regarding the terms and conditions of the first airdrop. Initially, on April 29th, EigenLayer had declared…
On May 1st, the United States Treasury’s Office of Foreign Assets Control (OFAC) took decisive action against a developer affiliated with OKO Design Bureau, a prominent drone manufacturer based in Russia. The developer in question was sanctioned by OFAC, and three cryptocurrency addresses linked to the company were added to the Specially Designated Nationals (SDN)…
The enigmatic figure known in the cryptocurrency world as the “Hundred Finance hacker” has reemerged from the shadows, setting in motion a series of transactions that have reignited concerns within the digital asset community. This individual, infamous for orchestrating a high-profile crypto theft amounting to a staggering $7.4 million, has resurfaced on May 1st after…
SUMMARY – Bitcoin’s price has stabilized at approximately $60,000, marking a 50% increase since January, attributed to the introduction of new U.S. spot Bitcoin ETFs. – Sovereign wealth funds and major financial institutions are showing heightened interest in Bitcoin trading, as reported by BlackRock. – Robert Mitchnick of BlackRock emphasizes their efforts in educating firms…