Category: Latest news
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Crypto scams hit historic low in April, plummeting 141%
[ad_1] Crypto-related exploits and scams plummeted 141% in April compared to the previous month, reaching a historic low of $25.7 million, according to blockchain security firm CertiK. A breakdown of the incidents showed that the bulk of the losses, totaling $21 million, stemmed from exploits targeting blockchain protocols. Additionally, users suffered losses of $4.3 million…
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Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges
[ad_1] Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Bitcoin price November to May (TradingView) Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy…
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McHenry slams Gensler for misleading Congress about Ethereum’s classification
[ad_1] House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping…
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Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison
[ad_1] Changpeng Zhao Former CEO & Co-Founder at Binance Changpeng Zhao, popularly known as “CZ,” is a notable figure in the cryptocurrency world, primarily for founding and leading Binance, the world’s leading cryptocurrency exchange by trading volume. [ad_2] Source link
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Alts signal hits new low, hinting at a potential altcoin rally
[ad_1] One of the many ways to analyze the crypto market is to compare the performance of its segments. For the sake of simplicity, leading, large-cap ecosystems like Bitcoin (BTC) and Ethereum (ETH) can be seen as a single segment of the market whose movements can be significantly different from the rest of the market.…
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Bitcoin reclaims key support above $60,000 after attempt to sweep March lows
[ad_1] Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as…
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Matera raises $3.6 million to boost creator economy by fusing DeFi with social media
[ad_1] Web3 startup Matera successfully raised $3.6 million to build a platform to solve the monetization challenge prevalent in the creator economy, according to a press release shared with CryptoSlate. The funding round included several notable names like Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners. DeFi for creators Matera’s mission involves…
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Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply
[ad_1] Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current…
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Despite initial volume concerns, Hong Kong’s crypto ETFs launch with strong assets
[ad_1] Quick Take The highly anticipated Hong Kong exchange-traded funds (ETFs) tracking Bitcoin and Ethereum had their first trading day, and while the volume figures may have appeared underwhelming at first glance, senior Bloomberg ETF analyst Eric Balchunas explained that the debut was actually quite strong. The ETFs traded a combined 87.58 million Hong Kong…
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Newconomics Podcast launches with insightful discussions on the future of blockchain and Web3
[ad_1] The Newconomics events organization has launched a new podcast, offering an in-depth look at the rapidly evolving world of blockchain, crypto, and the emerging web3 landscape. The Newconomics Podcast, hosted by Megan Carnegie and Hervé Larren, promises to deliver bi-weekly episodes that explore the future of technology and its real-world implications. Megan Carnegie, a…