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Cryptography News
Cryptoslate
5h
553
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Hoskinson accuses Biden administration of ‘coordinated effort to kill crypto’
- Cardano founder Charles Hoskinson accuses the Biden administration of a coordinated effort to stifle the growth of the crypto industry in the US.
- Hoskinson labels the administration's regulatory actions as 'Operation Chokepoint 2.0' and claims it is trying to block the industry's access to essential financial services.
- The Biden administration announced it would veto a bipartisan resolution urging the SEC to retract guidelines on digital asset custody accounting, causing further controversy.
- Hoskinson warns crypto holders to reconsider their votes in the upcoming elections as he believes the administration aims to destroy the American crypto industry.
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Cryptopotato
5h
107
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Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company
- Binance reportedly fired an investigator who exposed market manipulation by a client company, DWF Labs.
- The investigator discovered that Binance's VIP clients, including DWF Labs, were engaged in wash trading and pump and dump schemes.
- DWF Labs allegedly manipulated the price of the Yield Guild Game (YGG) token and processed $300 million in wash trades.
- Binance denies the report and claims to have a strict market surveillance program to prevent market abuse.
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Cryptonewsz
6h
363
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Funtico connects with Avalanche to enhance Web3 gaming space
- Funtico has partnered with Avalanche to enhance the Web3 gaming space.
- They will introduce a limited number of games on their platform, such as Formula Function, EV2, and Heroes of the Citadel.
- The Funtico platform will offer games with lucrative reward mechanisms and will be backed by the Funtico reward token, $TICO.
- Avalanche's customizable subnet blockchains and upgradability factor will support the gaming experience.
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Cryptoslate
7h
330
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What the current price stability means for the Bitcoin futures market
- The Bitcoin futures market has experienced volatility this year, with open interest reaching a peak of $32.366 billion in mid-March.
- The open interest in perpetual futures has remained robust, standing at just over $14 billion as of May 8.
- The leverage ratio in the futures market has decreased to around 0.1825, indicating a more cautious approach from traders.
- The percentage of crypto-margined Bitcoin futures has been steadily increasing, indicating a maturing market and growing interest from traders.
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NullTX
7h
80
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YouTuber Predicts $1.05B BlockDAG Market Cap, Leading Solana & Ethereum
- A prominent YouTuber predicts that BlockDAG could reach a market cap of $1.05 billion, surpassing Solana and Ethereum.
- Solana's price stability is being tested after FTX's bankruptcy-related movements.
- Ethereum's price analysis provides an overview of its current state and recent developments.
- BlockDAG gains attention from crypto influencers, with its user-friendly mining solutions and potential for significant growth.
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Cryptoslate
8h
145
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BlockFi to shut down web platform, turn to Coinbase as distribution partner
- Crypto lender BlockFi will shut down its web platform and rely on Coinbase as a distribution partner.
- BlockFi customers can access withdrawals through Coinbase if they have an open or approved account.
- Customers who cannot create a Coinbase account will receive funds in cash.
- BlockFi emphasizes that it has not partnered with any other crypto companies for distributions.
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NullTX
9h
353
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BlockDAG, Ethereum, Dogewifhat: Pioneering the Next Wave in Crypto Trends
- BlockDAG Network is gaining recognition in the crypto world through an influential keynote and innovative engagement tactics
- Ethereum's approval for ETFs is on pause due to regulatory challenges and discussions with the SEC
- Dogwifhat, a meme coin on Solana network, experiences price surges after a drop and a major listing announcement
- BlockDAG's pre-sale raises $24.3 million with projected substantial returns for early investors
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Cryptoslate
10h
164
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Marathon reports record $337.2 million net income in Q1 2024
- Marathon Digital Holdings reported a record net income of $337.2 million in Q1 2024, representing 184% YoY growth.
- The firm's quarterly net income of $1.26 per diluted share signifies significant financial performance.
- Marathon recorded $165.2 million in revenues during Q1 2024, reflecting 223% YoY growth.
- With a market cap of $5.36 billion, Marathon remains the largest publicly traded Bitcoin mining firm.
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Cryptopotato
11h
140
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Nigerian Government Refutes $150M Bribery Claims by Binance CEO
- The Nigerian government denies allegations made by Binance's CEO, Richard Teng, of demanding a $150 million bribe.
- The government dismisses the claims as baseless and a diversionary tactic by Binance to discredit them.
- Binance is currently under investigation in Nigeria for money laundering and other illegal activities.
- The government insists that it will continue the criminal case against Binance and will not succumb to any form of blackmail.
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NullTX
12h
209
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Cardano, Cosmos, BlockDAG: Key Players in Blockchain Innovation
- Cardano is preparing for its Chang hard fork to enhance governance and boost performance.
- BlockDAG is launching the X1 Miner app, allowing users to mine up to 20 BDAG coins daily from their mobile devices.
- Cosmos is focusing on inter-blockchain upgrades to improve interoperability.
- BlockDAG's X1 Miner app offers a unique and accessible way to engage with blockchain through mobile mining.
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Cryptoslate
12h
7
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US Bancorp, Rothschild firm disclose spot Bitcoin ETF purchases of roughly $20 million in Q1
- US Bancorp disclosed spot Bitcoin ETF investments worth over $15 million on May 8.
- The company revealed investments in Fidelity's FBTC, Grayscale's GBTC, and BlackRock's IBIT, totaling $20 million.
- Rothschild firm separately disclosed spot Bitcoin ETF investments worth over $4.2 million on May 9.
- Several other companies have also disclosed investments in spot Bitcoin ETFs.
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Bitcoinmagazine
12h
306
7 Tips For Traveling With Bitcoin Keys
- Traveling with Bitcoin keys requires extra responsibility to maintain security. These seven tips should help keep you in control while minimizing risk.
- Only carry wallets and keys you need when traveling. Store larger amounts of Bitcoin in a secure cold storage setup, such as multisig.
- Consider the destination and travel plans when evaluating the risks of traveling with Bitcoin keys. Don't travel with seed phrase backups.
- Be cautious while traveling and don't make it public that you own substantial amounts of Bitcoin. Consider using a decoy wallet to protect your funds.
- Use multisig to reduce your risk when traveling. It also helps to have an inheritance plan in place.
- Sparrow, Electrum, or Caravan are tools you can use to construct multisig wallets yourself.
- Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and sponsor of related content published through Bitcoin Magazine.
- Check out their website for resources and special offers to upgrade your Bitcoin security.
- Proper Bitcoin key security is important. Check out the guides for seed phrase storage and safe deposit boxes safety.
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Zycrypto
12h
328
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Shiba Inu Ecosystem Blowing Up Massively As Bulls Look to Shibarium For Explosive Growth
- The Shiba Inu ecosystem, fueled by meme coin popularity, is experiencing significant growth.
- Shibarium, the layer-2 blockchain platform, has seen a 500% increase in transaction fees.
- Active accounts on Shibarium have surged by 211%, indicating increased user engagement.
- The future implications of this growth and its impact on the broader crypto market remain uncertain.
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Zycrypto
13h
322
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Pro-XRP Lawyers Predict Ripple Will Lose Motion Against SEC Even as XRP Army Anticipates $3 High
- Pro-XRP lawyers anticipate a setback for Ripple in its legal battle against the SEC.
- The focus is on a crucial motion regarding expert witness testimony, particularly the declaration by expert witness Andrea Fox.
- The outcome of the motion could weaken Ripple's position in the overall legal battle.
- Despite the legal uncertainties, XRP cryptocurrency has shown resilience in the market.
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NullTX
13h
47
Image Credit: NullTX
FRONTIER PRICE ANALYSIS & PREDICTION (May 9) – Front Signals Bull Run Following 120% Weekly Surge, Now Undergoing Slight Retracement
- Front experienced a 120% surge last week and is currently undergoing a slight retracement.
- After a bearish first quarter, Front rallied and reached $3.08 in mid-March before facing a correction.
- It hit a low of $0.57 in April but showed signs of strength and a bullish pattern on the weekly chart.
- The key levels to watch are $2, $2.5, and $3.08 for potential price movements.
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