Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations […]

The cryptocurrency industry has long been asking Washington for more regulatory clarity, and this bill could put the sector on the road to that goal, …

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […]

Novel strategic alliance is focused on empowering businesses in emerging markets by offering more accessible capital solutions through blockchain technology

Block CEO Jack Dorsey recently predicted Bitcoin could reach a price of “at least $1 million” by 2030.  Since stepping down from Twitter, now X, Dorsey has become a leading Bitcoin advocate, taking part in various Bitcoin and Nostr-related initiatives. JUST IN: Jack Dorsey predicts at least $1 million #Bitcoin price by 2030 🚀 pic.twitter.com/uNukkC4goQ […]

One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque […]

Prominent DeFi ecosystems Algorand and Ripple have joined the DeRec Alliance. DeRec Alliance, created by the founder of Hedera Hashgraph Leemon Baird, intends to streamline recovery of digital assets within the Web3 sector. The goal is to simplify the recovery of lost crypto to help make navigating decentralised finance a safer experience for all. Casper […]

As the market begins to recover from its downturn, popular altcoins are slowly regaining their recent losses. With the broader crypto community gearing up for the anticipated bull run, investors are seeking tokens that could surpass current leaders and deliver significant returns. Many industry analysts and influencers are pointing to these five tokens as the […]

Blockchain data shows that nearly 23,000 ETH was transferred into the victim’s account after negotiations opened on May 10.

Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND […]

Recent on-chain data suggests that notable cryptocurrency whales may have initiated substantial sales of ENA, a project launched on Binance's …

A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle. Crypto trader Michaël van de Poppe tells his 717,300 followers on the social media platform X that altcoins are waking […]

A widely followed crypto analyst says that Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) could be flashing a potentially bullish indicator. In a new thread, crypto trader Ali Martinez tells his 61,900 followers on the social media platform X that ARB’s Tom DeMark (TD) Sequential Indicator has presented a buy signal on the asset’s weekly […]

TL;DR Expansion and Goals: The DeRec Alliance has expanded with new members Ripple and XRPL Labs, joining forces with Algorand Foundation and Swirlds Labs to address the challenge of secure and user-friendly asset recovery in the Web3 ecosystem. Innovation and Methodology: Co-founded by Dr. Leemon Baird of Hedera, the alliance introduces an open-source, industry-standard methodology […]

TL;DR Jupiter aims to launch its mobile application by July, having become responsible for 50% of Solana’s computational load. Co-founder Siong revealed during the Solana Crossroads 2024 conference that they are working on a mobile version for late May or early June. Despite ups and downs, the JUP token has seen significant growth, backed by […]

Solana (SOL) has demonstrated dominance and has always been mentioned among the top five crypto giants. However, as we’re still puzzled by its magnificence, a tiny shoot is forming, and its effects are reverberating throughout the crypto world.  The RCO Finance phenomenon is spreading like wildfire and is set to take its place amongst mega […]

The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a supermarket that was used as a facade for conducting illegal cryptocurrency mining operations, with dozens […]

Burn rate of Shiba Inu sees 241.86% increase in last 24 hours

JPMorgan Chase, the largest bank in America, has revealed exposure to spot Bitcoin Exchange-Traded Funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trades The SEC filing by JPMorgan Chase provides specific insights into the bank’s exposure to spot Bitcoin ETFs. The bank currently has exposure to spot Bitcoin […]

The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs.

Toncoin (TON), the native token of the Telegram Open Network (TON), is experiencing a meteoric rise after a major investment from venture capital giant Pantera Capital. The news sent positive vibes through the crypto market, propelling TON’s price over 30% in the weekly timeframe, and reigniting investor enthusiasm for the project. Pantera Bets Big On […]

When fans and skeptics alike refer to Bitcoin as “magic internet money,” they may not immediately connect the “technical marvel” to actual magic. But a new generation of magick practitioners is adopting blockchain technology, artificial intelligence, and ancient practices to commune and work with angels, demons, and more. Among them is Chaweon Koo, a futurist, […]

We do the research, you get the alpha! Go to Alpha Reports Fancy creating your own meme coins and getting rugged? This might be the game for you. Rug.fun is a two-phased 24 hour game which sees investors attempt to create and buy into the highest and lowest liquidity meme coins. Anywhere in between when […]

A financial regulator in India is reportedly approving crypto exchange platforms Binance and Kucoin for business within the nation after banning them last December. According to a new report by CoinDesk, Binance and Kucoin have been approved by India’s anti-money laundering regulator, who said the crypto exchanges registering will add “a little more credibility to […]

JPMorgan Chase says it has discovered a data breach affecting the personal information of nearly half a million customers. New filings with the Office of the Maine Attorney General show the banking giant recently found a software issue that’s been active since August 26th, 2021. The bug allowed unauthorized access to retirement plan records of […]

… cryptocurrency and blockchain. The new PAC aims to raise money from … Cryptocurrency firms have also been spending record amounts of cash to …

Bitcoin’s price fell 2.5% to $60,300 on Friday as Federal Reserve officials weighed their options for combatting stubborn price inflation in the United States. Bitcoin traded for $63,400, at noon UTC on Friday, before plummeting below $61,000 over the next few hours. According to Coinglass, the volatility triggered $175 million in liquidations over the past […]

US Department of Justice (DOJ) has selected Forensic Risk Alliance (FRA) to oversee Binance compliance with money-laundering regulations and trade sanctions, Bloomberg reported. This decision is part of the crypto exchange’s plea deal following allegations of violating financial regulations. DOJ selected FRA over renowned Wall Street law firm Sullivan & Cromwell and other prominent contenders […]

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Modern Monetary Theory (MMT) is back in the spotlight, driven by a new film Finding the […]

SOL price is down today as a wider crypto market correction takes place, and investors voice their displeasure with recent airdrops in the Solana ecosystem.

TL;DR Bitcoin is showing resistance around $60,000 as it approaches a $100 million liquidity zone. The concentration of liquidity in the $63,000 to $65,000 range suggests a battle between buyers and sellers. Analysts emphasize the importance of key support levels, such as $58,000 and the 21-week simple moving average. Bitcoin (BTC) is experiencing a consolidation […]

TL;DR The Dencun upgrade has changed Ethereum’s dynamics towards an inflationary model by reducing the amount of ETH burned by fees. Transaction fees on Ethereum have decreased significantly after the Dencun upgrade, despite high activity on the network. This has led to a decrease in ETH burning and an increase in the total supply of […]