152059
All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
⚠️ Crypto Lawyer John Deaton Raises the Stakes, Outshining Elizabeth Warren in Fundraising Race
💰 It's a battle of the wallets as crypto advocate and legal expert John Deaton surges ahead in his bid to unseat Massachusetts Senator Elizabeth Warren. The latest numbers reveal that Deaton's campaign chest is a whopping $1.36 million strong for Q1, outpacing Warren's $1.1 million.
🤝 Deaton's fundraising success can be attributed to his backing from heavyweights in the crypto industry, including Ripple bigwigs Brad Garlinghouse and Chris Larsen, the dynamic Winklevoss twins, Cardano's Charles Hoskinson, and even Anthony Scaramucci.
💼 With high-profile donors like these, it's no surprise that Deaton's campaign coffers are brimming. Notably, some crypto titans have gone all-in with maximum donations of $6600 – a clear sign of their confidence in his cause.
✅ This financial windfall was predicted by Warren herself, who sounded the alarm on special interests and Wall Street influence when Deaton threw his hat into the ring. But Deaton remains undeterred, ready to take on the establishment and prove that he can triumph against the odds.
🔔 Beyond the world of digital assets, Deaton and Warren clash on a range of issues, from student loan forgiveness to immigration policy and monetary strategies. Their differences are stark, setting the stage for a captivating political showdown.
⚔️ "I've always been an underdog, and this time won't be any different. The world will witness my victory," declares Deaton with unwavering determination. As the race heats up, all eyes are on this crypto crusader as he challenges the status quo and aims for a seat at the table of power.
🚀 Bitcoin Ecosystem Thrives: 43 Projects Secure $127M Funding in 2024
💰 The crypto world is buzzing with excitement as Bitcoin takes center stage once again. According to Coin98 Analytics, a whopping 43 projects within the Bitcoin ecosystem have recently scored big with $127.19 million in funding, as reported by crypto-fundraising.
🌐 From layer two (L2) solutions like Bitflow and Merlin Chain, to innovative wallets such as Unisat and Oyl, the infographic showcases a diverse range of startups. Not to mention the rise of decentralized finance (defi), gaming, bridges, APIs, launchpads, and NFT marketplaces – it's a vibrant landscape!
🤝 These projects have caught the attention of some heavy hitters in the investment world. With backers like Castle Island Ventures, Ribbit Capital, and Arrington Capital, it's clear that big players are betting on Bitcoin's continued success.
📈 And the funding stories keep pouring in! Just look at Alpen Labs' impressive $10.6 million round or Ordinalsbot's seed funding of $3 million. It's an exciting time for Bitcoin enthusiasts as these ventures gear up for their next big moves.
🔮 While some projects have already launched tokens, others are still keeping us on our toes with their promising plans. So keep an eye out for these 43 Bitcoin-focused initiatives – they're shaping the future of crypto!
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Waterfall is the most decentralized BlockDAG protocol currently available 🚀
🔑 Key Features:
📌 This decentralized platform has the potential to attract much more validators than other protocols.
📌 Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
📌 High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
📌 Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
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https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR
🚫 Binance Suspends Bitcoin Ordinals Trading – What’s Going On?
➡️ Binance dropped a bombshell on April 4, announcing the suspension of Bitcoin Ordinals trades and deposits starting April 18, 2024. Holders of these unique NFTs were urged to withdraw their assets from the platform's marketplace before May 18, 2024.
🤔 The reason behind this move remains a mystery as Binance simply stated it was looking to "streamline product offerings." Furthermore, the exchange's NFT marketplace will no longer offer perks related to Bitcoin NFTs after April 10, 2024.
⛔️ Despite Binance's decision, rival exchange OKX is doubling down on Bitcoin Ordinals, planning to support four new inscription standards in anticipation of their importance in 2024.
📉 The suspension comes at a time when interest in NFTs, including Bitcoin-based ones, is at a low point. Sales have plummeted from their peak of 117,000 in August 2021 to a meager 2,400 across various blockchains.
⚠️ Concerns about network security and congestion have also been raised. Bitcoin NFTs have been blamed for clogging up the network and causing increased fees. The high volume of inscriptions has led to slow transaction processing and hefty fees totaling over $430.7 million.
📈 Russian Crypto Exchange Transactions Hit $52B in 2023: Central Bank Reveals Surge!
➡️ The Russian crypto market is booming, with transactions on major exchanges reaching a staggering $51.67 billion in Bitcoin and Ethereum alone, according to the Central Bank's latest report.
🔍 While this figure is impressive, it may just be the tip of the iceberg. The report hints that most Russians prefer the privacy and flexibility of peer-to-peer (P2P) platforms, suggesting an even higher total volume.
🤝 P2P transactions have become the go-to method for acquiring digital assets in Russia, with a significant 50% increase in average monthly volumes among citizens.
🔢 How did the Central Bank arrive at these numbers? They credit their accuracy to the cutting-edge blockchain analytics tool, Prograchniy Blockchain, developed by Rosfinmonitoring. This tool has even helped solve a crypto-powered contract killing case!
🌐 With its ability to trace transactions across multiple blockchain networks, Prograchniy Blockchain provides invaluable insights into both senders and recipients of cryptoassets.
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How about adding some kittens to your investment portfolio? *Meow* 😸
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At the moment #USDC token is near the support zone from which the price has already moved up many times and updated higher points📈
Just imagine how cool it will be if this coin costs $1 as a stable-coin. Then there will be even more people in the cats family! 😜
📌 Laser Digital and TruFin Team Up for Polygon Fund: Liquid Staking for Institutions
✅ Laser Digital, the crypto-focused arm of Nomura, has joined forces with TruFin to launch the Laser Digital Polygon Adoption Fund. This exciting collaboration aims to provide institutional clients with exposure to Polygon's MATIC token and its lucrative staking rewards.
💼 Targeting sovereign wealth funds and private asset managers, this fund represents a significant step towards wider institutional adoption of decentralized security. With an estimated annual staking reward of 5.94%, investors can enjoy even higher yields through TruStake's liquid staking solution.
🌐 Leveraging the power of Polygon's AggLayer, which enhances liquidity and transaction speed, the fund promises operational efficiency and secure access to the burgeoning world of Polygon-Matic digital assets.
📈 Colin Butler, Global Head of Institutional Capital at Polygon, believes that attracting institutional investors to staking will not only benefit their portfolios but also bolster the overall security of the Polygon network.
⚠️ While liquid staking is gaining popularity in DeFi circles, it's essential to heed warnings from industry figures like Vitalik Buterin about potential centralization risks. Nevertheless, with Ethereum's scaling upgrades on the horizon, Polygon continues to shine as a leading layer 2 solution for smart contract enthusiasts.
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🚀 Bithumb IPO Plans ‘Accelerate’ as South Korean Crypto Exchange Eyes Public Listing
✔️ Exchange Takes Decisive Steps
In a bold move, Bithumb is spinning off its holdings operations into a separate company called Bithumb Investment. This strategic decision, outlined in a regulatory filing, will allow the exchange to focus on its core business of operating the crypto trading platform.
📈 Could Bithumb Bring Forward its Listing Plans?
With the recent surge in retail Bitcoin trading and the aim to boost market share, Bithumb hopes that this spinoff will pave the way for an accelerated IPO launch. By creating a new entity centered on the exchange business, the exchange aims to distance itself from ongoing legal issues and ensure the success of its public listing.
💼 Promoting Efficiency and Growth
According to a Bithumb spokesperson, this move will not only enhance operational efficiency but also boost the growth of the exchange. By adopting separate ownership models, Bithumb seeks to expand its reach and solidify its position as South Korea's first publicly listed trading platform.
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✅ Hong Kong's e-HKD Pilot Enters Phase Two: Innovating the Future of Digital Currency!
💡 The Hong Kong Monetary Authority (HKMA) is taking the next big step in its digital currency journey, launching phase two of the e-HKD pilot program. This isn't just a test run; it's an invitation for industry pioneers to propose exciting use cases for the central bank digital currency (CBDC).
🌐 The first phase, which concluded in October 2023, already showcased the potential of e-HKD in retail transactions, including programmable payments and tokenized asset settlements. Now, the HKMA wants to go even further, exploring areas like programmability, tokenization, and atomic settlement.
🟥 To supercharge this exploration, the HKMA is teaming up with Project Ensemble, a cutting-edge initiative focused on wholesale CBDCs. This collaboration aims to accelerate development while ensuring seamless integration with Hong Kong's financial system.
⏰ But time is ticking! The second phase is set to run until mid-2025, and organizations eager to contribute must submit their applications by May 17. The HKMA is particularly keen on proposals that prioritize innovation, consumer experience, regulatory compliance, and maximizing the use of e-HKD in Hong Kong.
🤝 It's not just about the central bank; key players from major financial institutions and payment firms are already onboard. Alipay, Bank of China, HSBC, Mastercard, Visa – these are just a few of the names that joined forces during phase one. Their expertise will be crucial as Hong Kong paves the way for a digital currency revolution!
🔒 EU Takes Aim at Crypto: Tightening the Noose on Sanctions Evasion
🚫 In a resolute move, the European Union (EU) has turned its attention to tackling sanctions violations, with a particular focus on the role of cryptocurrencies in evading restrictions.
💼 MEPs Vote for Tougher Measures
This Tuesday, Members of the European Parliament (MEPs) voted overwhelmingly in favor of implementing stringent new laws. The aim? To crack down on offenses like arms embargoes, travel bans, and asset freezes, with a keen eye on the role of crypto-assets.
💰 Crypto Assets Under Scrutiny
The updated legislation now explicitly includes provisions for "crypto-assets and wallets," expanding the scope of EU restrictive measures. This means that assets held in cryptocurrencies could be subject to freezing if linked to sanctions violations.
🟥 Standardizing Definitions and Penalties
Aiming for clarity and consistency, the new rules establish consistent definitions for violations across EU member states. By doing so, they hope to close any loopholes that might allow sanctions evasion.
🌍 Uniformity Across Borders
While these regulations are an important step forward, it's worth noting that enforcement still falls under the purview of individual member states. This can lead to discrepancies in how sanctions are defined and penalties imposed.
🟢 Enhancing Effectiveness
To bolster the effectiveness of EU sanctions, the directive also seeks to introduce more uniform and rigorous penalties for breaches. By doing so, they hope to create a stronger deterrent against sanctions evasion.
➡️ Overwhelming Support
With an impressive 543 votes in favor, only 45 against, and 27 abstentions, it's clear that parliamentarians from all 27 EU member states are united in their determination to tackle sanctions circumvention.
🇷🇺 Targeting Russian Sanctions
These new measures come as a response to concerns that EU financial sanctions against Russia were being sidestepped, highlighting the need for a more robust and unified approach.
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🔍 Blockstream CEO Adam Back Slams MicroStrategy Short ETF as a "Terrible Product"
📉 Risky Business: Back Warns Against Betting Against MSTR
Adam Back, the CEO of Blockstream, has taken aim at the newly launched Defiance 2X Short MSTR ETF. In a recent X thread, he didn't mince words, labeling the ETF as a "terrible product" that's unlikely to deliver the desired results.
⚠️ Navigating Choppy Waters: The Perils of Shorting MSTR
Back's main concern lies in the inherent riskiness of shorting MicroStrategy. Even if investors believe the company is overvalued, he warns that the ETF could still face significant challenges due to auto-rebalancing in a volatile market. As he puts it, "you'll get rekt anyway."
📉 MicroStrategy's Bitcoin Bounty: A Thorn in the ETF's Side
With MicroStrategy boasting an impressive stash of over 210,000 BTC, worth a staggering $15.2 billion, Back sees the idea of a short ETF as particularly weak. He highlights that the company's valuation is now closely tied to its Bitcoin investments, making the ETF's 2x auto-rebalancing mechanism a potential recipe for disaster.
💪 Saylor Stands Firm: MicroStrategy's Bitcoin Bet Remains Unshaken
Despite mounting criticism and even short sellers like Kerrisdale Capital taking aim at MicroStrategy, CEO Michael Saylor remains steadfast in his commitment to Bitcoin. He believes in its technical superiority and isn't swayed by those who argue there are cheaper ways to gain exposure to the digital gold.
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Get ready to add some 🐧 to your portfolio! #LPP the first CommunityCoin of Solana! 🔥
Project combining communitycoin and memecoin concepts, with high technical and fundamental potential, riding on the peak popularity and growth of memecoins this year! The first Community Coin on Solana Ecosystem. The tokens were only listed today at MEXC and are being redistributed as traders move from short-term speculation to long-term investemts📈
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🔒 Former FTX Executives and Promoters Settle for $1.35 Million in Lawsuit
💰 In the aftermath of Sam Bankman-Fried's sentencing, former FTX executives and promoters have agreed to a $1.3 million class action lawsuit settlement. This development comes as no surprise, considering their alleged involvement in Bankman-Fried's multi-billion dollar fraud on FTX customers.
🤝 The list of those involved includes Nishad Singh, former head of engineering for FTX, Caroline Ellison, CEO of Alameda Research, Gary Wang, chief technological officer for FTX, and seven promoters linked to the now-defunct exchange.
🟥 Not only have these individuals "pled guilty" in the criminal proceedings against them, but they have also committed to full restitution and forfeiture of the designated sum.
⚡️ Judge Lewis A. Kaplan, who presided over Bankman-Fried's case, will now determine how these funds will be distributed among the victims affected by the FTX collapse.
💥 The settlement acknowledges the magnitude of this financial disaster, referring to it as one of history's greatest. It highlights the tireless efforts made by plaintiffs and counsel to bring justice to all those impacted by this scam.
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$PRF Fair Sale is Live on the Parifi Website!
Parifi revolutionizes perpetual contracts with a dynamic pricing mechanism, utilizing liquidity curves, on-chain oracles, and advanced math models for stable and predictable market pricing.
Community Round 1: A Resounding Success!
- The LBP on @FjordFoundry sold out
- Raised $154.59K
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📣 Polygon PoS Sidechain Leads the Way with Napoli Hard Fork, Embracing Dencun Upgrades
📌 The Napoli hard fork has propelled the Polygon Proof-of-Stake (PoS) sidechain to new heights, becoming the first network to embrace the groundbreaking RIP-7212 and other Dencun features.
💡 With EIP-1153, the network optimizes block space utilization, boosting overall performance and efficiency.
🔒 Enhanced security comes in the form of EIP-6780, which adds a layer of control to selfdestruct operations.
⚙️ Streamlining processes, EIP-5656 reduces technical overhead by improving memory copying instructions.
🌱 Not stopping there, Polygon plans to incorporate support for the fee-reducing upgrade EIP-4844 in its upcoming Feijoa release.
🤝 RollCall's work on RIP-7212 extends beyond Polygon, with other Layer 2 solutions like ZkSync Era and Optimism also joining the interoperability revolution.
🌐 David Silverman of Polygon Labs sees this as a pivotal moment for Ethereum's scaling strategy, with Layer 2 solutions emerging as an "innovation hub" and user-friendly onboarding point.
‼️ Crypto Council Stands with Coinbase Against SEC: A Battle for Fair Regulation
💼 In a show of solidarity, the Crypto Council for Innovation (CCI) has come forward as a friend of the court to support Coinbase in its ongoing legal tussle with the Securities and Exchange Commission (SEC).
🛡 Coinbase's plea for clearer rules was met with a disappointing denial from the SEC back in December 2023. But it seems the exchange isn't backing down, arguing that the regulatory body's actions have been nothing short of arbitrary.
📝 An amicus brief might sound fancy, but it's essentially a way for those not directly involved in a case to lend their voice. And the CCI, with its diverse membership from across the crypto landscape, is doing just that – advocating for responsible global regulation.
📌 Ji Kim, the CCI's General Counsel, minces no words when he says that the SEC's approach is tantamount to "regulation by enforcement," which not only flouts the rulebook but also spells trouble for the burgeoning digital assets industry.
📣 Coinbase isn't just playing defense; it's gone on the offensive too. In March, it fired back at the SEC with a lawsuit demanding that the agency get its act together and provide some much-needed clarity for crypto companies.
🌍 The CCI warns that this regulatory quagmire isn't just hurting American innovation; it's also pushing businesses and investors toward more welcoming shores abroad. The U.S., once at the forefront of digital finance, risks losing its edge if it doesn't catch up soon.
🔍 It's not just about empty promises either. The CCI points out that the SEC's dismissal of Coinbase's request lacked substance, offering little more than a single sentence to justify its stance. That, according to Kim, is a far cry from what the law demands.
🚀 Onmi's Epic Journey Begins! 🌐✨
This month, the game changes. Onmi, the groundbreaking mobile game blending AAA+ excitement with blockchain's cutting-edge tech, is here. It’s more than a game; it's the future of play, offering real rewards for your adventures.
🔥 Pre-Airdrop Alert: Seize the Moment! 🔥
Imagine a world where every corner holds a secret, every shadow a story. Onmi brings blockchain to the streets in an electrifying spectacle. Get ready for a $1 million airdrop coming your way. Your adventure starts now!
🌟 Your Quest Begins:
1. Forge Your Path: Visit onmi.io and create your account.
2. Boost Your Journey: Elevate your profile with 1500 points.
3. Treasure Awaits: Grab $300 worth of tokens.
Onmi isn't just a game; it’s a new world. A place where your courage, strategy, and curiosity earn you more than just points. They earn you a legacy.
🌈 Dive In Now: The Adventure Awaits! 🌈
Will you be among the pioneers? Create your account NOW:
🌟Onmi.io 🌟
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We’re so back: Bitcoin reaches ATH, Altcoins are pumping, but the main hype is still around MEMECOINS 🤫
There are so many, but PublicMemeCoin was the one to grab my attention. The project is super secure as of the KYC compliance by Certik.
$PMT token made 250% after a rise to $0.05, and that’s not the final target yet, as the team aims at a $1 billion market cap, which is really ambitious!
The team has a clear and promising roadmap, fancy token use cases and a big community of PMT lovers, so I suggest y’all to DYOR!