While the halving is associated with Bitcoin bull cycles, the current rally is mainly driven by ETF inflows, argues Bybit’s Yang.
Bitcoin price (BTC) rallied approximately 650% since the last Bitcoin halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving.
Bitcoin price rose around 658% since the last Bitcoin halving in 2020, according to TradingView data, currently trading around the $66,000 mark.
The report added that Google’s traditional search engine would remain free of charge, and advertisements would continue to appear alongside search results even for subscribers.
Google is considering introducing premium features powered by generative artificial intelligence (GenAI) in its search engine. The move would mark the first time a core Google product is behind a paywall. However, the free search experience with advertisements will still be available.
According to a Financial Times report on April 3, the tech giant is looking at a variety of options, including incorporating AI-powered search features to its premium subscription services, which already provide access to its new Gemini AI assistant in Gmail and Docs.
While the asset manager explained the potential of Ordinals, it also noted that they could lose value and are not insured. Asset manager Franklin Templeton’s digital assets division published a note to its investors briefly introducing Bitcoin-based nonfungible tokens (NFTs). Franklin Templeton Digital Assets said that the Bitcoin Ordinals protocol primarily drove a positive momentum in innovation within Bitcoin. The asset manager said there has been a “renaissance in activity” on Bitcoin (BTC) in the past year because of Ordinals.
Other prominent entities contributing to the ETH staking ecosystem are crypto exchanges Coinbase (14.04%) and Binance (3.75%) and Ethereum staking platform Kiln (3.5%).
The recent influx of Ethereum stakers brought the market share of liquid staking solution Lido down to 29.57% from 32% in December 2023, helping reduce concerns around Lido’s growing influence on the ecosystem.
Lido’s popularity in Ether (ETH) staking, coupled with the lack of competition in the space, allowed the platform to earn a lion’s share of the ETH staking market.
Gold investors are taking swipes at Bitcoin following a new all-time high for the precious metal.
Spot gold prices have reached an all-time high, resulting in a resurgence of Bitcoin (BTC) derision from the precious yellow metal’s investors.
Gold hit an all-time high of $2,304 per ounce on April 3, according to the American Hartford Gold Group, posting an 11.5% year-to-date gain for the usually slow-moving asset.
Gold started gaining momentum in mid-February, rising from around $2,000 per ounce to over $2,200 in late March, having held up well alongside other safe-haven assets due to growing global tensions, uncertainty over possible interest-rate cuts and de-dollarization Hartford Funds investment strategist Nanette Abuhoff Jacobson told MarketWatch on April 3.
The hacker that once stole over $320 million from the Wormhole bridge appears to have been initially eligible to claim a Wormhole airdrop that would have netted them $50,000. The hacker behind the famed $320 million exploit of the Wormhole bridge in 2022 was initially deemed eligible for an airdrop that would have seen the exploiter claim $50,000 in newly-launched W tokens. In an April 4 post to X, pseudonymous researcher Pland claimed that the Wormhole team had forgotten to exclude a number of wallet addresses affiliated with an exploit that saw hackers steal $321 million in crypto from the cross-chain bridge in 2022.
Bitcoin recorded its third-strongest quarter over the past three years in Q1, but analysts say the meteoric rise could add to a choppy year ahead for Bitcoin. Bitcoin (BTC) recorded one of its strongest quarters in the past three years in Q1, but analysts warn this could lead to significant volatility in the lead-up to the Bitcoin halving.
“Be prepared for some screwy price action as we head into the halving,” crypto analyst Phoenix Desmond told his 11,700 X followers in a post on April 3.
Van Eck’s analysts were bearish on L2 tokens due to competition, but envisioned a future with thousands of use-specific chains.
Ethereum’s layer 2 scaling networks will hit a $1 trillion market capitalization in six years and will be made up of thousands of use case-specific chains, according to analysts from investment manager Van Eck.
Layer-2 blockchains are set to capitalize on Ethereum’s “primary challenge” — its “limited capacity to process, store, and compute data,” Van Eck’s senior digital assets investment analyst Patrick Bush and digital assets research head Matthew Sigel said in an April 3 report.
Record-long positive Bitcoin futures funding rates signal “strong bullish sentiment” which can often precede price corrections, says on-chain analytics firm CryptoQuant.
Bitcoin futures funding rates — periodic payments made between short and long traders — may be signaling a potential price correction for Bitcoin in the future, which could present “prime buying opportunities," according to market analysts. In a post shared on X on April 3, an analyst from on-chain analytics firm CryptoQuant reported that record-long positive Bitcoin futures funding rates are signalling “strong bullish sentiment.
These once-unprofitable Bitcoin miners may have contributed to Bitcoin’s 14.7% increase in hash rate since the start of 2024.
Bitcoin miners have likely put their older crypto-mining machines back to work in the first quarter, contributing to a record-setting hash rate as Bitcoin’s price skyrocketed to a new all-time high in early March.
“Improved market conditions have encouraged miners who were previously unprofitable at lower hashprice levels to come back online,” said Nico Smid, founder of Digital Mining Solutions in the firm’s first quarter Bitcoin mining review, published on April 2.
Lightspark says the integration on Coinbase will offload more transaction activity away from Bitcoin’s base layer, where fees have increased considerably over the last 12 months.
Coinbase is one step closer to integrating Bitcoin Lightning on its platform amid a new partnership with Lightspark, an enterprise-focused Lightning solution led by former PayPal president David Marcus.
In an April 4 X post, Coinbase’s CEO Brian Armstrong said the integration of the Bitcoin layer-2 network will happen “soon” — which will allow its 108 million user base to leverage potentially faster and cheaper Bitcoin transactions.
Galaxy Digital’s venture arm is in the initial phases of spinning up a $100 million fund, joining other VCs who are rushing back into crypto.
Mike Novogratz’s crypto conglomerate Galaxy Digital is reportedly in the starting stages of raising a $100 million venture fund targeting early-stage crypto startups, with most of the cash set to come from other investors.
Its venture arm, Galaxy Ventures, typically used company money for investments but decided to open up its new Galaxy Ventures Fund I to other venture capitalists last year, a person familiar with the matter told Bloomberg, per an April 4 report.
There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months, though it has dipped over the last 24 hours. The second ever Bitcoin Cash (BCH) halving has just taken place as of 10:45 pm UTC on April 3 at block height 840,000 — where miner rewards will now be chopped from 6.25 BCH to 3.125 BCH.
Dogecoin price retracts as the wider crypto market corrects and traders choose to book profit.
Dogecoin (DOGE) price is down today as the wider crypto market undergoes a sharp correction.
DOGE price has dropped over 5.5% over the last 24 hours to an intraday low of $0.1712 on April 3, underperforming the crypto market, which fell by around 0.17% in the same period. The memecoin’s price followed a correction in Bitcoin (BTC) that has witnessed nearly a 7.
Many expect the commission to reach a final decision on spot Ether ETFs in May with approval or denial of a filing from VanEck.
The United States Securities and Exchange Commission (SEC) is soliciting comments from the public on proposed rule changes allowing the listing and trading of shares of three spot Ether (ETH) exchange-traded funds, or ETFs, on exchanges. In separate notices filed on April 2, the SEC said the public had 21 days to respond upon publication in the Federal Register to spot ETH ETF proposals from asset managers Bitwise, Fidelity and Grayscale.
Data proves that dollar-cost averaging into Bitcoin produces better results than FOMO purchasing and attempting to time the market. The aspiration of quickly becoming a millionaire has been a fundamental desire since the inception of money. From the Tulip Mania to Slerf, there's been no shortage of investments that promise to make one rich overnight. However, there might be a more effective investing strategy when the risk to award is considered.
Sphere 3D has denied reports of financial troubles by its former partner Gryphon Digital Mining, following the escalation of litigation between the Bitcoin miners.
Bitcoin miner Sphere 3D has denied reports of financial troubles, claiming that accusations from its former partner Gryphon Digital Mining are “at best disingenuous.”
In a court document shared with Cointelegraph, Sphere 3D refuted accusations made a few days earlier by Gryphon to the United States District Court for the Southern District of New York, requesting a block on millions of dollars on grounds that Sphere was on the “verge of economic collapse.
Stellar performance from memecoins eclipse Bitcoin and altcoin gains, according to data from CoinGecko. The memecoin sector has emerged as the most profitable narrative so far this year, according to a recent report by CoinGecko According to the report, Memecoins recorded the highest returns of 1,312.6% on average across the top tokens by market capitalization. Memecoins that were launched in March made it to the top 10 largest memecoins list by market value by the end of the quarter, including Book of Meme (BOME), Brett (BRETT) and Cat in a Dogs World (MEW).
Many crypto exchanges hold Bitcoin as part of their user'insurance fund, which has since appreciated significantly in value. The top crypto exchange insurance funds have surged in value by mo $1 billion amid the ongoing crypto bull market.
As of April 3, the Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), and TrueUSD (TUSD) balances constituting crypto exchange Binance's Secure Asset Fund for Users' (SAFU) gas surpassed $2.03 billion, compared to their initial balance of $1 billion in January 2022.
Gurbir Grewal claimed that the SEC’s standard for determining what a security is under the Howey test had been “clearly and consistently applied.” Gurbir Grewal, the director of the Division of Enforcement at the United States Securities and Exchange Commission (SEC), has pushed back against criticism that the regulator is making up rules on crypto as it goes.
In prepared remarks for an SEC Speaks event on April 3, Grewal claimed that companies in the crypto industry had made “many creative attempts” to avoid the commission’s jurisdiction by continuing to operate in the United States.
Bitcoin is likely to remain range-bound for a few days as the bulls and the bears battle it out for supremacy before the halving.
Bitcoin (BTC) is consolidating in an uptrend, indicating a tussle between the bulls and the bears. The bears hold the edge in the near term, as the 14th week of the year has historically seen Bitcoin prices fall by an average of 8.33%, according to Coinglass data.
Despite the losses, the company’s other endeavors pushed it to record profits in Q4 2023 with gains expected to continue through Q1 2024. When Facebook changed its name to Meta in September of 2021 it became clear CEO Mark Zuckerberg was fully committed to the pivot from web2 social media to the metaverse. Now, three years later, we can take a look at just how (financially) committed the company has been as well as what impact the expansion into virtual and augmented reality (VR and AR) has had on Meta’s bottom line ahead of its first quarter earnings call set for 24 April.
The donotfomoew (MOEW) memecoin skyrocketed in value shortly after its debut on DEXs on April 3. A crypto trader has turned $13,000 into over $2 million, representing a gain of 15,700%, on April 3 from investing in the novel memecoin donotfomoew (MOEW) minted on the Base blockchain.
As told by blockchain analytics firm Lookonchain, the trader first purchased 499.9 million MOEW using four Ether (ETH) 10 minutes after the listing of MOEW tokens on decentralized exchanges (DEX).
Victoria VR’s new AI builder platform enables users to create virtual reality experiences and entire metaverses, without any programming skills.
Virtual reality (VR) developer Victoria VR has announced its integration with artificial intelligence (AI) giant OpenAI, the creator of the popular generative AI tool ChatGPT.
The new implementation will enable users to experience the first AI integration through Victoria VR’s AI builder platform, which allows the development of virtual reality experiences through AI algorithms, according to Adam Bém, CEO and co-founder of Victoria VR, who told Cointelegraph:
First introduced back in 2015, ERC-20 tokens are full of gaping security holes, with little chance of a fix any time soon.
ERC-20 tokens are among the most frequently stolen assets in the crypto industry, and even some of the updates intended to fix the issues are inadvertently facilitating theft.
The Ethereum networks near-ubiquitous token standard accounted for 89.5% of the $71.5 million worth of crypto lost to phishing scams in March, according to Scam Sniffer.
Without naming the protocol, Cronje shared his concerns about negative funding rates potentially leading to an “unbacked asset.”
Fantom creator Andre Cronje is concerned that incentives behind Ethena Labs’ USDe could lead to the next Terra-Luna-like meltdown. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi).
Without mentioning the protocol or its synthetic dollar directly by name, Cronje shared a note about his concerns regarding the risk management behind Ethena Labs, highlighting the issue with funding rates in perpetual futures contracts.
With several AI tokens registering triple digital growth in 2024, observers are questioning whether many of these projects have merit.
The artificial intelligence (AI) token market has been on a remarkable upswing over the last few months, with things reaching a fever pitch last month as trading volumes and market valuations skyrocketed across many exchanges. Data from the crypto platform Bitget revealed that the dedicated AI token zone witnessed an astonishing 400% surge in trading volume throughout February alone, reaching a total market capitalization of over $39 billion.
CertiK co-founder Ronghui Gu urged the community to “proactively prepare” for cyberattacks as the crypto market grows. While the first quarter of 2024 seems “relatively typical” when it comes to hacks and exploits, Ronghui Gu, the co-founder of blockchain security firm CertiK, said the complexity of private key compromises and phishing attacks raises concerns.
Gu told Cointelegraph that among the incidents this quarter, losses attributed to private key compromises had increased significantly compared to the first quarter of 2023.
Amid Nigerian authorities pressing more charges against Binance, the exchange issued a statement urging the regulators to let go of its U.S. exec Tigran Gambaryan. Troubled global cryptocurrency exchange Binance is facing more issues in Nigeria as its United States-based executive Tigran Gambaryan remains detained in the country.
Nigeria has introduced more charges against Binance despite the exchange trying to find dialogue with local regulators, The Wall Street Journal reported on April 3.
SlowMist urges transparent DAO operations amid recent fund transfers, sparking inquiries about fund destinations.
Analysts at SlowMist have raised concerns about a possible “soft rug pull” on March 10 when a 100 Ether (ETH) transaction from AssangeDAO’s address went to a recipient seemingly associated with the decentralized autonomous organization.
The blockchain forensics firm emphasized that while the true intentions of AssangeDAO are unclear, investors should proceed with caution and conduct comprehensive due diligence before interacting with the organization.
Bitcoin purchased between March 9–13 and March 25–29 currently stand at a loss, representing 0.16%, or just six days in the last 3,732 tradable days that did not turn out to be profitable. Bitcoiners maintained a profitable portfolio for 99.92% of all days, leaving just six days when investing in Bitcoin (BTC) did not turn out to be profitable since it launched over 14 years ago, on Jan. 3, 2009.
Ethereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, or 155% more than in the first quarter last year.
Ethereum, the biggest blockchain network by transaction volume, posted major growth in the first quarter of 2024, seeing positive signs in most income statement metrics.
According to data from Coin98 Analytics, Ethereum tripled its earnings in Q1 2024 on a quarter-over-quarter basis, reaching $369 million. The amount accounted for a 210% increase year-over-year from $119 million in Q1 2023.
Unlock the value of your NFTs without selling them. Learn about NFT lending: how it works, the types of loans and the risks involved.
NFT lending allows NFT holders to take out loans against their assets. It has grown in popularity as a way for investors to unlock liquidity and access borrowing. Nonfungible tokens (NFTs) can be bought and sold, held, or traded, and they are also now part of other decentralized finance (DeFi) arrangements, including NFT lending.
The proposal aims to lower risks with minimal user impact, as only a tiny portion of DAI is collateral on Aave, and users can switch to USDC or USDT.
Lending protocol Aave (AAVE) launched a new Aave Risk Framework Committee (ARFC) proposal to adjust the risk parameters of the Dai (DAI) stablecoin. The Aave Chan Initiative (ACI) team put forward the proposal, suggesting that DAI’s loan-to-value ratio (LTV) be adjusted to 0% on all Aave deployments.
Bitfinex Derivatives is allowing investors to trade on the implied volatility of Bitcoin and Ether as another asset class.
Cryptocurrency exchange Bitfinex is expanding trading tools in response to a volatility spike in crypto markets by introducing new Bitcoin (BTC) and Ether (ETH) volatility futures.
Bitfinex’s derivatives platform Bitfinex Derivatives, provided by iFinex Financial, launched trading of two new perpetual futures contracts, the firm announced to Cointelegraph on April 3.
Bitcoin "bearish narratives" should not get in the way of the broader picture, says analysis.
Bitcoin (BTC) returned above $66,000 on April 3 as market observers brushed off Silk Road BTC sales.
Data from Cointelegraph Markets Pro and TradingView tracked a modest BTC price recovery after lows of near $64,500 after the daily close.
These came amid news that the United States government had moved more than 30,000 BTC ($2.
'Crypto Mom' called for more positive engagement with crypto firms and fewer enforcement threats from the SEC. US Security and Exchange Commission Commissioner Hester Peirce has taken another swipe at her agency, criticizing the regulator's guidance on crypto custody while calling for more interaction with the public. Speaking at the annual SEC Speaks Conference on April 2, Peirce — also known by crypto enthusiasts as ‘Crypto Mom’ — said that a "
A slew of Bitcoin miners filed for bankruptcy in the crypto winter of 2022 but Hut 8 CEO Asher Genoot is adamant that things will be different after the upcoming halving. There will be far fewer Bitcoin (BTC) mining firms filing for bankruptcy in the coming years than there were in 2022, says Hut 8 CEO Asher Gennot. Speaking in an April 3 interview with Bloomberg, Genoot said that the main cause of bankruptcies in 2022 came from firms being overleveraged and unprepared for rising energy costs.
Today marked the second consecutive day of outflows from ARK 21Shares’ spot Bitcoin ETF. Cathie Wood's ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF) has notched more than $87 million in daily outflows, marking the first time the fund has witnessed a larger daily outflow than Grayscale’s Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States. The outflow from Ark 21Shares fu (ARKB) was $87.5 million on April 2 — roughly 1,300 BTC — according to preliminary data from Farside Investors.
Mati Greenspan suggests the memecoin market is crashing because the joke is over, while Charles Edwards points to memecoins suffering heavier losses than Bitcoin during sharp downturns.
The total market capitalizations of memecoins on Solana and Coinbase's Ethereum layer-2 Base have witnessed a significant drop in the last 24 hours, plunging 12% and 19% respectively across the two networks. The memecoin sell-off arrived around the same time as a sharp decline in the price of Bitcoin (BTC), with the cryptocurrency falling 4.
There’s still $24 million in Lido-staked Solana despite the program being shuttered five months ago.
As much as $24 million in tokenized staked Solana (stSOL) has been unintentionally locked on the liquid-staking platform Lido due to a faulty smart contract. Lido on Solana — which once let users effectively stake any amount of Solana (SOL) for a 5% yield — was sunset in October last year due to unsustainable financials and low fees.
Ethereum restaking will form a “core part” of the network in the future — but there are still risks that come along with the new yield-bearing mechanism, say Coinbase analysts.
Ethereum restaking could form the “bedrock” for a wide range of new decentralized applications on the blockchain, but it could also introduce several new hidden risks, says Coinbase. In an April 2 research report, Coinbase analysts David Han and David Duong noted several risks with restaking and the issuance of so-called liquid restaking tokens (LRTs).
Catwifhat’s first and second development teams dumped all of their tokens and disappeared, yet the token managed to bounce back. While most exit scams or rug pulls result in the collapse of a project, Solana-based memecoin Catwifhat (CIF) managed to survive two of them, illustrating how crypto’s decentralized nature can sometimes allow a project to continue even when its developer disappears.
In a conversation with Cointelegraph, Catwifhat investor NFT_Sloth claimed that the project survived two rug pulls over 12 days, yet still has a dedicated community behind it today.
Comisión Nacional de Valores President Roberto Silva said virtual asset service providers that are not registered “will not be able to operate“ in Argentina.
Argentina’s government has begun implementing requirements for cryptocurrency exchanges to operate legally in the country.
In a March 25 announcement, Argentina’s Comisión Nacional de Valores (CNV) — the country’s equivalent of a securities regulator — said virtual asset service providers would be operating in accordance with recommendations from the Financial Action Task Force (FATF).
Bitcoin and select altcoins rallied sharply in Q1 2024, but the near term may witness a correction.
Risky assets have been on a roll in the first quarter of 2024. The S&P 500 Index (SPX) rose 10.2% to record its best first-quarter performance since 2019, while Bitcoin (BTC) rallied nearly 69%. Will the rally continue into the second quarter, or is it time for profit booking?
Investors remain upbeat on Bitcoin’s prospects for the second quarter.
Spot Bitcoin ETF volumes soared to $111 billion in March, highlighting investors’ consistent interest in BTC.
Spot Bitcoin exchange-traded funds witnessed a spike in trading volume in March, reaching $111 billion. This was nearly three times the trading volume recorded in February, as Grayscale and BlackRock ETFs dominated the market.
According to data shared by Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETF trading volume hit $111 billion in March, compared to $42.
The crypto seized was connected to James Zhong, who was convicted in 2022 of wire fraud related to the Silk Road marketplace.
Roughly $2 billion in Bitcoin (BTC) previously seized by United States authorities and connected to the Silk Road marketplace has moved to a new address.
According to data from the blockchain on April 2, a wallet known to be associated with the U.S. Justice Department made a 0.
Bitcoin price briefly dipped below the $65,000 mark as long-term BTC holders started selling. Can BTC price close the week above $65,600?
Bitcoin’s (BTC) price fell over 7.1% during the past day, slipping below the $65,000 mark for the first time since March 24.
The current week, or the 14th week of the year, is historically one of the worst weeks for Bitcoin’s price performance. BTC price fell an average of 8.
In 2017 the initial coin offering boom launched a tidal wave of activity for the crypto industry. Despite being plagued by scams and fraud, the ICO boom was also responsible for some of the most important crypto projects in the industry today. In this article, we will venture through one of the most transformative periods of crypto history, known as the initial coin offering (ICO) boom. ICOs swept onto the crypto scene in early 2017, allowing thousands of new blockchain-based projects to rapidly raise significant amounts of capital by selling pre-released tokens directly to investors.
Is 13c enough of a daily reward to mine virtual Bitcoin? 2M players think so. And why is Ava Labs telling people Web3 gaming sucks? Web3 Gamer
Why not just be upfront and tell gamers that Web3 games are totally trash?
Theres no future in the tech, so developers might as well throw in the towel and go back to regular software gigs.
That is the tongue-in-cheek marketing approach to grab gamer attention taken by Ava Labs the team behind Avalanche blockchain and it looks like its paying off.
The integration is touted to allow users to natively manage Bitcoin on any rollup in Avail’s data availability ecosystem without bridging or wrapping BTC. Bitcoin (BTC) users will soon be able to access smart contract functionality without having to bridge, wrap or relinquish control of their BTC through a new integration between dWallet Network and Avail.
The partnership will enable dWallet’s smart contracts, built on Avail’s data availability solution, to create Bitcoin signatures for the first time while maintaining a user’s complete control of their BTC.
Crypto derivatives platform Deribit is relocating headquarters to Dubai after securing major local regulatory approval. Deribit, one of the world’s largest exchanges offering options and futures for cryptocurrencies like Bitcoin (BTC), is relocating to Dubai after securing new local regulatory approval.
The Dubai subsidiary of Deribit group, Deribit FZE, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit announced on April 2.
Participating memecoins must have at least one security audit and open-source the project on BscScan. Smart contract blockchain BNB Chain is attempting to attract memecoin developers amid the explosive growth of meme tokens within the crypto ecosystem. In an announcement sent to Cointelegraph, BNB Chain said it is allocating up to $1 million to reward eligible developers deploying their memecoin projects in the network. The company highlighted that this was part of its efforts to “accelerate the growth of the memecoin landscape” within BNB Chain.
Nexo and over 35 prominent crypto organizations are petitioning to secure a Bitcoin emoji, garnering worldwide support and aiming for 50,000 endorsements. Crypto platform Nexo and more than 35 prominent organizations in the cryptocurrency space have joined forces to push for an official Bitcoin (BTC) emoji. According to the announcement made on April 2, the initiative — “Bitcoin Deserves an Emoji” — aims to secure 50,000 endorsements worldwide.
Within a week of the launch, over 10,000 individuals signed the petition, which was addressed to the Unicode Consortium, the governing body responsible for standardizing emojis across platforms.
Despite tightening regulatory measures, the exchange has been growing its South Korean presence for years.
Centralized cryptocurrency exchange Crypto.com will launch its cryptocurrency trading app to South Korean retail investors on April 29.
The platform will initially offer access to over 150 cryptocurrencies and non-fungible tokens (NFTs) on the Crypto.com app for South Korean users, which is a significant market segment for the company’s growth, wrote Eric Anziani, the president and CEO of Crypto.
OpenAI will no longer require ChatGPT 3.5 users to create accounts to gain access to the tool.
Artificial intelligence (AI) giant OpenAI has eliminated the requirement for users to create an account in order to access its widely-used generative AI tool, ChatGPT 3.5. OpenAI announced on April 1 that it would no longer require ChatGPT users to sign up to make it “easier to experience the potential of AI.” However, users without accounts will not be able to store their history of previous interactions.
BTC price action may be upsetting for leveraged longs, but Bitcoin market observers are finding reasons for optimism.
Bitcoin (BTC) is resetting multiple key metrics as the BTC price drop flushes out leverage.
Data from Cointelegraph Markets Pro and TradingView shows BTC/USD currently acting around $66,000 after falling 5% in a single hourly candle.
Bitcoin may be down 7% in April so far, but a retest of support is already having a cathartic effect on overheated markets.
Optimism is an affordable solution built on top of Ethereum, making users’ Ethereum experience smoother, with the same security, lower fees and lightning-quick transactions.
Optimism is an Ethereum-compatible layer-2 project that hopes to solve Ethereum’s scalability issues while functioning similarly to the Ethereum blockchain.
Optimism is an Ethereum layer-2 scalability solution led by The Optimism Collective — an organization of dedicated communities aiming to build their vision of an equitable internet.
The amendments will be implemented in several stages starting on April 4, and transitional arrangements will be provided for affected entities. The Monetary Authority of Singapore (MAS) announced that it would implement amendments to the country’s Payment Services Act (PS Act) to expand the scope of regulated services related to digital payment token (DPT) service providers. On April 2, Singapore’s central bank said it would bring several activities within the scope of the PS Act.
Leverage traders are nursing losses of over $165 million as the price of Bitcoin tumbled 5%. A sudden 5% drawdown in the price of Bitcoin (BTC) on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses in less than 2 hours.
Bitcoin plunged 5% from $69,450 to as low as $65,970 in less than 30 minutes, in early hours on March 2 UTC, per TradingView data.
Liquidity seems to have skipped a few steps and gone from Bitcoin straight into memecoins amid a “weird” bull market, say observers.
Crypto industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull market on record, following a premature Bitcoin all-time high and a massive rush into memecoins. On April 1, Chainlink community liaison Zach Rynes aka ‘ChainLinkGod’ said “this bull market has been weird” in a post to his 171,000 followers on X.
Gabriel Abed, the Ambassador of Barbados to the United Arab Emirates, chairs the crypto exchange’s board of directors.
Binance Holdings, operating the cryptocurrency exchange of the same name, has formed a seven-person board of directors filled with company executives and independent members.
According to Binance’s website, the firm’s board of directors is now chaired by Gabriel Abed, the former ambassador of Barbados to the United Arab Emirates (UAE). Other members included Binance CEO Richard Teng, Binance co-founder Heina Chen, Bayview Acquisition Corp CEO Xin Wang, Gojo & Company Managing Partner Arnaud Ventura, Roger Wang and Rock He.
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Sam “SBF” Bankman-Fried to a total of 25 years in prison following his conviction on seven felony charges. SBF is the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
The statement to the media may be one of the last the former FTX CEO made before going to a federal prison, which was suggested to be in the San Francisco Bay Area.
Former FTX CEO Sam “SBF” Bankman-Fried has reportedly responded to questioning from news outlets following being sentenced to 25 years in federal prison.
According to an April 1 report from ABC News, Bankman-Fried responded via email to questions from the Metropolitan Detention Center in Brooklyn, where he has been held since August 2023.
"Pending DAO approval, we will advance with the particulars of the investment and detail the precise arrangements and plans," developers wrote. Decentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO).
According to the April 1 snapshot proposal, the $13 million raise, led by an unknown venture capital firm, will result in the issuance of 50 million additional XCHNG protocol tokens representing approximately 10% of Chainage’s circulating supply.
Bitcoin fails to capitalize on its best-ever monthly close, with BTC price support nearer $60,000 becoming increasingly important.
Bitcoin (BTC) attempted to retest $68,000 support on April 1 as the Wall Street open sparked weakness.
Data from Cointelegraph Markets Pro and TradingView tracked a problematic start to Q2, with BTC price losses passing 4.5%.
The return of institutional flows appeared unable to induce further upside — despite a lack of outflows from the Grayscale Bitcoin Trust (GBTC).
The crypto market is transitioning from the "enthusiastic bull" phase to the “euphoric bull” phase, explains lead on-chain analyst James Check in a latest Cointelegraph interview. The crypto bull market is about to transition into its second and last phase, which will be characterized by euphoria and sharp price movements, according to James Check, lead on-chain analyst at Glassnode.
“We are transitioning from the enthusiastic bull, which is below the all-time high, generally speaking, into the euphoric bull,” he said in an exclusive interview with Cointelegraph.
Mi Primer Bitcoin, a pioneering Bitcoin education initiative in El Salvador, released the latest edition of its program emphasizing open-source resources and community-led education. The El Salvador-based Bitcoin education initiative Mi Primer Bitcoin recently announced the launch of its updated Bitcoin Diploma program, with a new open-source approach. Mi Primer Bitcoin began as a local education initiative in 2021 and coincided with El Salvador becoming the first country to adopt Bitcoin (BTC) as legal tender.
The independent audit represents the highest level of security compliance an organization can demonstrate.
Tether has announced the successful completion of the System Organization Control (SOC) 2 Audit — the highest level of security compliance that an organization can demonstrate. The audit was developed by the American Institute of Certified Accountants (AICPA).
The audit underscored Tether’s commitment to offering a secure user experience, according to Paolo Ardoino, the CEO of Tether, who wrote in an April 1 announcement:
The blockchain initiative comes despite mainland China’s hostile attitude toward cryptocurrencies.
The Chinese government has launched a new public blockchain infrastructure platform led by Conflux Network.
The new platform, dubbed “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” aims to offer an underlying public blockchain for cross-border applications, according to an April 1 X post by Conflux Network:
Conflux Network is a multichain blockchain ecosystem operated by the Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute.
Purge will introduce history expiration via the EIP-4444 to limit the amount of historical data stored. Ethereum co-founder Vitalik Buterin took to X to share the next steps for protocol simplification and node resource load decreases, aka Purge.
The Purge is a key stage in the Ethereum transition that involves the removal of old and excess network history and simplifying the network over time. Aside from reducing the historical data storage, this stage also significantly lowers the hard disk requirements for node operators and the technical debt of the Ethereum protocol.
Most of the recovered funds were from the Munchables incident where the hacker returned the stolen crypto after negotiations.
Nearly $100 million in digital assets stolen in March hacks has been recovered, according to data compiled by blockchain security firm PeckShield. PeckShield said on April 1 that over 30 hacking incidents occurred last month, accounting for $187 million funds lost. This is While the losses ran into the millions, 52.
Bitcoin sets multiple records at the end of Q1 as anticipation grows for a return to BTC price discovery.
Bitcoin (BTC) starts a new week, month and quarter of 2024 with several new records — can the bull market continue from here?
BTC price action made history on March 31 as Q1 ended with the highest close ever seen.
Old resistance is not giving up without a fight, however — a battle between buyers and sellers is keeping old all-time highs from 2021 firmly on the table.
The acquisition of 8,888 Bitcoin makes Tether the seventh-largest BTC holder.
Tether, the issuer of USDT, the world’s largest stablecoin, acquired 8,888 Bitcoin (BTC) worth $618 million on March 31.
Following the acquisition, Tether’s wallet now holds 75,354 Bitcoin, bought at an average price of $30,305 and worth $5.2 billion at the time of writing, according to on-chain data.
The wallet is up over 128%, with a current unrealized profit of $2.
Kraken Australia CEO Jonathan Miller said institutional crypto demand is lagging in Australia but stablecoins and the right policy moves could see it catch up. Australia’s crypto industry is in a good spot to benefit from a global “inflection point” for crypto demand, as long as its lawmakers make the right decisions, according to a Kraken Australia executive. Speaking to Cointelegraph on the sidelines of the Grand Prix in Melbourne, Miller looked to the influx of fresh capital into Bitcoin ETFs, stablecoin adoption, and BlackRock’s recent move to launch a $100 million tokenization fund on Ethereum as reasons to take a bullish outlook on crypto in the coming months.
Bitwise’s Matt Hougan said he has “extraordinary confidence” in the Ethereum ecosystem, hinting that a “great product” would be able to capture a slice of the action. Cryptocurrency asset management firm Bitwise has hinted interest in offering an exchange-traded product (ETP) covering Ethereum’s ecosystem of layer 2 networks and applications, according to the firm’s chief investment officer.
“I’m somewhere between embarrassed and excited with the fact that Bitwise doesn’t have one, because I do think that would be a great product,” Matt Hougan explained in an interview with Forbes, published on March 31.
If all layer 3s settled to one layer 2, Ethereum would capture no value, and its security would be at risk, argues Polygon CEO Marc Boiron.
Polygon CEO Marc Boiron has riled up debate on X over the weekend after arguing that layer-3 networks aren’t necessary to scale Ethereum and exist only to rob the mainnet of value. On April 1, the Polygon CEO said that Polygon Labs, a layer-2 scaling network for Ethereum, does not work on layer 3s because they are not needed to scale existing networks.
BitMEX co-founder Arthur Hayes believes the crypto industry should think twice before writing off all memecoins as “stupid and valueless.” BitMEX co-founder Arthur Hayes says one should be careful before labeling all memecoins as “stupid,” arguing they can be a net positive for the blockchain networks they’re launched on.
In a March 30 interview with Real Vision CEO Raoul Pal, Hayes argued that memecoins bring value to the crypto sector by way of drumming up attention and then accruing new users and engineers to blockchains.
The decentralized borrowing protocol said there were still 14 accounts that have yet to revoke the affected smart contract that caused $11.6 million to be exploited last week. Decentralized finance (DeFi) firm Prisma Finance says there’s still $540,000 of funds from accounts yet to revoke the smart contract responsible for last week’s $11.6 million exploit.
Meanwhile, the self-claimed “white hat” hacker behind the exploit says they will hold back the return of funds until the firm apologizes and reveals their team’s identity online.
Follow Bitcoin whales’ trails: track their tactics, from manipulation to stop-loss hunting and explore their market impact for navigating crypto trading.
Bitcoin whales are people or organizations with substantial Bitcoin (BTC) holdings who are capable of influencing the market through their trading tactics.
The term “Bitcoin whale” is colloquially used to denote a holder with a significant stake compared to smaller participants, often referred to as “smaller fish” within the market.
Consensys highlighted that Ethereum boasts a larger developer community than Bitcoin and operates on a fully transparent and public blockchain.
Consensys addressed the United States Securities and Exchange Commission (SEC)’s inquiry about potential fraud and manipulation risks related to Ethereum’s proof-of-stake system, particularly concerning spot Ether exchange-traded funds (ETFs).
In a comment letter submitted to the regulatory agency, Consensys, the blockchain and Web3 software development company responsible for the popular MetaMask wallet, stated that concerns about fraud and manipulation are baseless.
Investment activity in Web3 gaming has steadily increased in scale and frequency lately.
In the midst of renewed enthusiasm for cryptocurrency initiatives, certain Web3 startups are seeking advantages through accelerator programs.
Accelerator programs offer founders mentorship and guidance in return for early equity. Y Combinator, based in San Francisco, is renowned, boasting several crypto firms like Coinbase and OpenSea among its alumni.
This week, a16z, a leading tech VC fund, revealed the lineup for its spring 2024 crypto startup accelerator.
Sam Bankman-Fried sentenced to 25 years in prison, Fidelity files for Ether ETF with staking, and SEC case against Coinbase to proceed.
Former FTX CEO Sam SBF Bankman-Fried will serve 25 years in prison following a sentencing hearing in federal court. On March 28, Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Bankman-Fried to 240 months and 60 months for his conviction on seven felony charges.
Farcaster’s parent company is reportedly closing a new funding round led by Paradigm. The deal would take its valuation to above $1 billion. A new funding round is set to lift the valuation of Merkle Manufactory — the company behind the social network Farcaster — to the $1 billion mark, according to a Bloomberg report citing sources familiar with the matter. Leading the round is crypto investment firm Paradigm, whose portfolio includes major crypto firms, such as Coinbase, Blur, dYdX, Compound and Citadel Securities.
The largest WIF holder has an unrealized profit of over $127 million on the Solana-based memecoin.
Dogwifhat (WIF), a Solana-based memecoin, became the third-largest memetoken by market capitalization on March 29, surpassing Pepe (PEPE) token.
The price of Dogwifhat hit a new all-time high of $4.64 on March 30, before retracing to its current $4.32 mark as of 2:00 pm (UTC), according to CoinMarketCap data.
Following an over 87% weekly rally, Dogwifhat became the third-largest memecoin with a $4.
Bitcoin needs to retain $69,000 into the multiple BTC price candle closes this weekend, says analysis.
Bitcoin (BTC) returned to $70,000 after the March 29 daily close as traders counted down the final hours of a roaring Q1.
Data from Cointelegraph Markets Pro and TradingView showed old all-time highs at $69,000 forming tentative BTC price support into the weekend.
Bitcoin gained around $1,000 in the latter part of the day, seemingly aided by comments from Jerome Powell, Chair of the United States Federal Reserve.
A smart contract wallet is an app acting as a Web3 wallet using a technology called account abstraction in place of externally owned accounts (EOAs).
Smart contract wallets are self-executing, scripted agreements that automatically enforce the terms of the agreement, providing users with more power and security than traditional wallets.
Smart contract wallets are considered decentralized applications (DApps) as they are built on a blockchain and enable users to manage their digital assets using smart contract technology.
The judge endorsed the ‘worldwide freezing order’ the Crypto Open Patent Alliance (COPA) requested to address COPA’s total court expenses amounting to $8,471,225 (£6,703,747.91).
A United Kingdom court sanctioned the freezing of £6 million ($7.6 million) in Craig Wright’s assets to prevent him from evading court expenses tied to his assertion of being Satoshi Nakamoto, the Bitcoin (BTC) network’s creator.
The decision was made after Wright transferred some of his assets outside the U.
While some applaud this move toward mainstream adoption, privacy-centric Bitcoin supporters raise concerns about centralized data aggregation.
In the first quarter of this year, the cryptocurrency industry saw a notable decline in losses due to hacking, with a significant drop of 23.1% compared to the previous year, according to a March. 28 research report by blockchain security firm Immunefi.
According to the report, the total amount lost to hacking incidents in Q1 of 2024 amounted to approximately $336.
Custodia Bank argued that without a master account it is a “second-class citizen” at the mercy of an intermediary bank.
The United States district court has ruled against granting Custodia Bank a master account and has also dismissed the digital asset bank's plea for a declaratory judgment. However, Custodia claims it is not backing down and is exploring all possible avenues.
“We are reviewing the Court’s decision and all of our options, including appeal,” a spokesperson for Custodia Bank stated.
Two U.S. financial regulators cannot seem to reach a consensus on how to treat certain cryptocurrencies as securities or commodities.
Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has suggested that a recent “aggressive” crypto enforcement action could put the regulator at odds with the Securities and Exchange Commission (SEC).
In a March 29 statement, Pham said the CFTC appeared to have exerted authority over certain securities in its enforcement case against cryptocurrency exchange KuCoin.
The real-world asset tokenization trend is heating up, fueled by BlackRock’s first tokenized asset fund, “BUIDL,” which joined 16 other tokenized government securities funds in the last week.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
Over $1 billion of United States Treasurys have been tokenized on Ethereum, Polygon, Solana and other blockchains amid a growing trend of real-world asset tokenization.
This edition of Cointelegraph’s VC Roundup highlights Borderless Capital’s recent acquisition, along with new funding raises by Keyring Network, Morph, Rails, BOB, FLock, and Race. Venture capital firms are moving to seize market share amid the current bull cycle. March’s developments include the acquisition of a quantitative trading firm, CFT Capital, by Web3-native investment company Borderless Capital.
The move adds artificial intelligence and quant proprietary trading products to Borderless' businesses, targeting more efficiency in capital deployment across Web3 verticals, said the company with $600 million in assets under management.
After Microsoft, all that’s left is gold. But Bitcoin will need a price point north of $800,000 to climb that mountain.
Bitcoin has had a banner year so far in 2024. It reached a new all-time high price of $73,679 on March 13, and in the time since, it’s hung around the $70,000 threshold — putting it up more than 140% over the same time last year. When Bitcoin (BTC) reached its 2024 peak (so far) and new all-time high, it briefly surpassed silver as the eighth most valuable commodity in the world by market capitalization.
Will the former FTX CEO actually be in federal prison until he's 57 years old? Will anything change in regards to FTX users getting their funds?
A federal judge sentenced former FTX CEO Sam “SBF” Bankman-Fried to 25 years behind bars for his multiple felony convictions, eliciting mixed reactions from many in and out of the crypto space.
On March 28, Judge Lewis Kaplan had some harsh words for Bankman-Fried before and after announcing consecutive sentences of 240 months and 60 months, totaling 25 years in prison.
Bitcoin is struggling to sustain above $70,000, indicating that the long-lasting rally could be tiring out. Bitcoin’s (BTC) recovery is showing hesitation near $70,000, but a positive sign is that the bulls have not ceded ground to the bears. Acheron Trading CEO Laurent Benayoun believes the current bull cycle has room to run and could top out between $120,000 and $180,000, buoyed by several factors such as the Bitcoin exchange-traded funds, the upcoming Bitcoin halving, and the likely reduction in interest rates.
The software development kit allows Solana games to settle "millions of requests" during game sessions and settle them back to Solana L1 for faster processing. Web3 application development platform Mirror World is launching the first gaming rollup on Solana.
According to the March 29 announcement, the novel Solana Virtual Machine (SVM) computation engine, dubbed “Sonic,” will allow developers to deploy game engines or virtual machines of their choice on Solana via its software development kit (SDK) and power in-app transactions.
Bitcoin exchange withdrawal trends are clear as "pent up demand" from the spot ETFs combines with the upcoming halving to squeeze the available BTC supply.
Bitcoin (BTC) worth nearly $10 billion has left crypto exchanges since the United States launched spot exchange-traded funds (ETFs).
Data from on-chain analytics firm Glassnode shows that since Jan. 11, exchanges are down over 136,000 BTC.
Bitcoin supply dynamics continue to sway in bulls’ favor as exchanges see mass withdrawals this quarter.
The largest stablecoin issuers are non-European, but they will have to get compliant fast if they don’t want to lose ground on the continent.
When the world’s fourth-largest cryptocurrency exchange delists its leading stablecoin for an entire continent, it raises eyebrows. But this may just be a harbinger of things to come.
Expect more disruptions as Europe’s path-breaking Markets in Crypto-Assets Regulation (MiCA) regulatory regime takes effect at the end of June.
Bitcoin remained above the key $69,000 mark following the quarterly expiry event, suggesting that the pre-halving retracement may indeed be over.
Bitcoin (BTC) price remained above the $69,000 mark, despite the market experiencing the biggest quarterly Bitcoin futures options expiry events.
Hao Yang, the global head of derivatives trading at Bybit exchange, told Cointelegraph:
Over $15.1 billion worth of cryptocurrency futures options have expired on Deribit this Friday, March 29, at 8:00 am UTC, according to a March 28 X post by Deribit.