Author: Crypto News

Even a 20% slump in the price of Bitcoin cannot derail the train that is the pre-sale of BlastUP, the first launchpad on the billion-dollar rollup Blast. As the pre-sale is about to hit $6 million, and users have only 18 days left to buy $BLP. ETH could surge 30%, but rollup ecosystem tokens are a better opportunity – look at $BLPAfter rallying past the ATH pre-halving, BTC has finally provided crypto investors with a 20% dip – and some great discounted entries on altcoins. For those investors who believe that a Q3 rally is on the cards, now is the…

Last updated: May 15, 2024 04:11 EDT | 2 min read Ryan Salame, a former executive at FTX who pleaded guilty to election fraud charges in September, is requesting leniency from the court in the form of an 18-month sentence.According to a sentencing memorandum filed on Tuesday, Salame’s attorneys argue for a lighter sentence based on his cooperation with authorities and genuine remorse.During his time at FTX and Alameda, Salame was responsible for managing wire deposits and fiat currency conversions for FTX customers.He also participated in political contributions using Alameda funds and led charitable initiatives in the Bahamas.Salame’s Attorneys Say…

Last updated: May 15, 2024 03:13 EDT | 4 min read Bitcoin Price PredictionOn Wednesday, Bitcoin traded at $61,949, up 0.65%, as the Federal Reserve’s hawkish stance on interest rates impacted its price outlook. Concerns over inflation and higher interest rates have dampened investor sentiment toward cryptocurrencies.The recent US Producer Price Index (PPI) report, which met expectations, reinforced the anticipation of prolonged high interest rates. The upcoming Consumer Price Index (CPI) release will be closely watched for further insights.Fed’s Hawkish Stance and US PPI’s Impact on BTC PriceThe Federal Reserve’s hawkish stance on interest rates is significantly affecting Bitcoin’s price…

Last updated: May 15, 2024 01:41 EDT | 1 min read Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US.Bloomberg reported on Wednesday that the company recently filed court paperwork to re-domicile. This follows Circle submitting plans for an initial public offering to the US securities regulator in January.“The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions,” Circle said at the time.Circle Heads for US Shores, Leaving Ireland’s Tax Perks BehindChoosing the US as its new home could mean…

Last updated: May 15, 2024 00:57 EDT | 2 min read Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices.Guild of Guardians, allows its players to earn $GOG tokens which are ERC-20 tokens that can be used across the Guild of Guardians ecosystem and universe. Play-to-earn games allow players to convert their rewards into cash.In an announcement, Immutable Games said that its flagship title, Guild of Guardians, has over 1 million pre-registered users. The gaming firm is celebrating its mobile release with the launch of a cinematic launch…

Last updated: May 15, 2024 00:16 EDT | 1 min read Digital asset investment firm BlockTower Capital faces a major setback after fraudsters compromised its main hedge fund.Bloomberg reported Wednesday that the stolen funds remain unrecovered, and the hackers haven’t been caught yet. BlockTower has responded, hiring blockchain forensics analysts to investigate the theft. The firm also recently notified its limited partners about the incident.It isn’t clear yet what the exact amount stolen from BlockTower Capital’s hedge fund was. PitchBook data shows the firm manages $1.7b in total assets.BlockTower Capital didn’t return Cryptonews’ request for comment by press time.Security Lapse…

Last updated: May 14, 2024 23:00 EDT | 1 min read The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.In a press conference held at its Seoul headquarters on May 14, the NTS exhibited some of the items it had seized in raids on “high-value” and “habitual” tax delinquents.South Korean Tax Body Liquidates Crypto as Crackdown ContinuesThe NTS and its regional affiliates have been cracking down on tax dodgers who use crypto investments to hide their income in recent years.These crackdowns have yielded great success for the…

Last updated: May 14, 2024 21:42 EDT | 3 min read Roaring Kitty/meme stock-themed meme coins were the top crypto gainers today / Source: Cryptonews Trading conditions were broadly bearish on Tuesday as traders focused on a hotter-than-expected US PPI report and commentary from Fed Chair Jerome Powell, with traders having to turn to the on-chain meme coin markets in the hunt for top crypto gainers today.Bitcoin (BTC) and Ether (ETH) were both down around 2% in the past 24 hours, as per CoinMarketCap.Focus in the market has now mostly shifted to Wednesday’s release of US CPI and Retail Sales…

A crypto shrimp, perhaps better called the King shrimp, who was earlier tracked by Crypto.News has upped the holdings of his Mollars token presale ‘bag.’   Buying frequently or dollar cost averaging into the presale,  the traders frequent buys have made them what’s believed to be the biggest holder of Ethereum blockchain’s coming store-of-value token.The buyer’s wallet transaction address is public [see here] and was last active 11 days ago.Investor has a successful track record with MemecoinsThe trader appears to be savvy in memecoin ICO investing as they have transactions with Shiba Inu (SHIB), Volt Inu (VOLT), and Robo Inu…

Last updated: May 14, 2024 19:30 EDT | 2 min read Brazilian authorities have upheld a ban on the use of crypto donations to fund political parties and candidates’ electoral campaigns in the country.In a ruling published on its website, the nation’s electoral court (Tribunal Superior Eleitoral, or TSE for short) wrote that it would “maintain” an existing “ban on the use of donations made in cryptocurrency.”The TSE’s ruling covers the period up until the 2024 municipal elections. Polls are slated for October 6 this year. A run-off vote is scheduled for October 27.Blow to Community as Brazil Upholds Crypto…