Author: Crypto News

Last updated: April 10, 2024 19:30 EDT | 3 min read Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales.El Aissami had been on the run from Venezuelan law enforcers for around a year after allegedly converting cash “into cryptocurrencies.”Prosecutors think El Aissami and other senior government officials “moved coins” onto the Kraken crypto exchange after converting them elsewhere.Venezuelan Prosecutors Catch ‘PDVSA-Crypto Ringleader’The high-profile case has become known as the “PDVSA-crypto corruption incident” in Venezuela.It saw President Nicolás Maduro’s government raid dozens of…

Last updated: April 10, 2024 19:09 EDT | 2 min read This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode.Bitcoin Spot Volume: Now Versus 2021Examining Bitcoin trading activity, spot volumes peaked at $14.1 billion in March, similar to levels seen at “the height of the 2020-2021 bull market,” wrote the firm in a Tuesday report. Those volumes have since cooled to about $7 billion per day in April.Similarities to the 2021 bull run are also visible when applying a…

Last updated: April 10, 2024 18:46 EDT | 2 min read Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC), but vowed to fight back.A Wells notice is a notification from regulators to an individual or company that an investigation on them has been completed, infractions have been discovered, and they are about to take legal action.Why Did Uniswap Receive a Wells Notice?News first broke that the SEC was investigating Uniswap last summer.Now that the…

Last updated: April 10, 2024 18:00 EDT | 3 min read DogWifHat Investors Target New Green ICO, Chasing 10,000% Gains in 2024 / Source: Cryptonews As Dogwifhat (WIF) pulls lower from its earlier weekly highs, WIF investors are targeting a new green ICO called eTukTuk (TUK), as they chase potential 10,000% gains in 2024.WIF was last changing hands around $3.46, down close to 20% from this week’s highs in the $4.30s.The rising Solana meme coin is threatening a break below its 21DMA and support in the $3.20-60 area.That could open the door to a pullback towards the 50DMA around $2.50.Dogwifhat…

Last updated: April 10, 2024 17:59 EDT | 1 min read Coinbase UK integrating Apple Pay could lead to greater crypto adoption across the United Kingdom. Image by Julia Smith, Midjourney. International cryptocurrency exchange platform Coinbase is making it easier for UK customers to buy and sell cryptocurrencies with the launch of Apple Pay.The integration, announced on Wednesday, is part of Coinbase’s efforts to increase crypto adoption in the UK.Coinbase UK Launches Apple Pay For CustomersThe UK is a key market for Coinbase, with the country seeing over $1.39 billion in cryptocurrency gains last year alone. The integration with Apple…

Last updated: April 10, 2024 15:57 EDT | 3 min read Despite hotter-than-expected inflation data, the Bitcoin price defied expectations and surged in value on Wednesday, even as the US Federal Reserve’s rate cut story was thrown into doubt.The US Consumer Price Index (CPI) reported a 0.4% increase in March, exceeding the anticipated 0.3% rise. Core CPI metrics also surpassed forecasts.This news sent US bond yields and the US dollar soaring, as traders reconsidered their bets on the US Federal Reserve’s rate cut.The US 10-year yield reached its highest level since November, climbing nearly 20bps. Meanwhile, The US Dollar Index…

Last updated: April 10, 2024 15:11 EDT | 2 min read eigenlayer’s mainnet expands with coinbase and google cloud as node operators, strengthening the network’s security. Image by Jimmy Aki, Midjourney. The cloud divisions of Coinbase and Google became node operators for EigenLayer alongside other industry players on April 9, shortly after the network’s mainnet went live.EigenLayer’s Network Expands with New Node OperatorsCoinbase Cloud disclosed in a short thread post on X that they are “proud to be among the protocol’s first operators,” as their collaboration would add an extra security layer to projects building on EigenLayer’s mainnet, dubbed as…

Last updated: April 10, 2024 14:02 EDT | 2 min read Stablecoin regulation without anti-money laundering laws could increase risks to consumers and the banking system, according to Senator Elizabeth Warren. Image by Julia Smith, Midjourney. Senator Elizabeth Warren criticized the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveale.Stablecoin Bill Could Increase Risks, Warren WarnsThroughout the recently published letter, Warren argued that creating new regulatory frameworks for stablecoins could “amplify and entrench” risks they…

Last updated: April 10, 2024 13:00 EDT | 2 min read As the Avalanche Foundation continues its ‘digital culture drive‘ acquisition of new meme coins, retail investors are scrambling to discover which new meme coin they will invest in next.This article will analyze Avalanche’s current meme coin trends and examine whether an innovative new multichain crypto, Dogeverse, represents the most promising new meme coin at this time. Avalanche haters how they react when they see JPMorgan, Citi, Fidelity etc to run theirs product on top of Avalanche vs. when they see Avalanche foundation going to adopt Meme coin to take…

Last updated: April 10, 2024 12:17 EDT | 2 min read In the dynamic realm of cryptocurrencies, BlockDAG is taking center stage, fueled by the excitement surrounding its second whitepaper release. This anticipation is driven by predictions of an ROI reaching 20,000x, bolstered by a formidable $15.5 million amassed during its presale. This achievement is a testament to BlockDAG’s potential and showcases its significant impact, which is highlighted by a notable display on the Las Vegas Sphere. As a result, BlockDAG is rapidly emerging as a significant competitor, challenging the latest advancements from Cardano and Chainlink with its innovative approach.Cardano’s…