Author: Crypto News
Blockchain makes a suitable environment for investors to make profit with the various opportunities it gives. With layers like digital currency, NFT, Defi and much more, investors have numerous choices to choose from as they continue the quest to seek financial freedom.However, A blockchain where patterns can change in a matter of seconds, bitgert coin has sprung up and is continuously creating standards in the crypto space. This new crypto currency has quickly become the crypto sensation of the month and has attracted the attention of investors and traders alike, making them see the potential its has got.This month is…
This Friday marks a thrilling chapter for the Solana blockchain with the launch of Penguiana‘s $PENGU token presale. Renowned for its inventive approach to meme coins by combining them with a play-to-earn mechanism, Penguiana offers more than just entertainment—it promises real rewards and a vibrant community.Penguiana, a penguin theme Solana meme project, has raised $200,000 in an angel round. It is set to launch its much-awaited token presale on Friday, 3rd of May 2024 and the project is not only capturing the hearts and imagination of the Solana community but is also poised for explosive growth following its presale as…
A Prehistoric Twist in Crypto: In a significant development in the cryptocurrency market, $DEDE, the unique dino-meme coin, has officially launched on the Solana blockchain, promising a blend of prehistoric intrigue and modern blockchain technology. As a fresh face in the crowded meme coin space, $DEDE has distinguished itself with its creative dinosaur theme and robust technological foundation, garnering an impressive base of over 2,500 holders in its first week alone.Market Dynamics and Future Outlook:Despite a currently modest market capitalization of $1 million, down from an initial $7 million, industry experts believe this is just the beginning for $DEDE. The…
Last updated: May 3, 2024 04:18 EDT | 1 min read US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas.In an open letter dated May 1, Sen. Warren and Sen. Angus King Jr. have together warned that this “ongoing activity by the Iranian government threatens our national security.”The lawmakers have called the Biden administration to provide information on the efforts “to combat Iran’s rampant evasion of U.S. and international sanctions through crypto mining.”The Senators particularly raised alarm on Iranian crypto mining firm’s ties to fund Hamas, through the “steady…
Last updated: May 3, 2024 04:15 EDT | 3 min read Binance founder Changpeng Zhao received a far more lenient prison sentence than anticipated at his Seattle court hearing on Tuesday.Zhao pleaded guilty to money laundering violations late last year. But the judge ultimately imposed a mere four months of prison time. It starkly contrasts the fate of his former rival, FTX founder Sam Bankman-Fried, who was sentenced to 25 years last month.Judge Richard Jones’ imposed sentence is much lighter than the 36 months prosecutors sought. This can be attributed to Zhao’s cooperation with investigators and a wave of positive…
Last updated: May 3, 2024 02:21 EDT | 1 min read Former co-CEO of FTX Digital Market Ryan Salame is to transfer a $5.9 million house he owns in the Bahamas to settle criminal charges.In a filing, the U.S. Bankruptcy Court for the District of Delaware said, Salame the former co-CEO of FTX Digital Markets in the criminal case United States v. Salame, will forfeit the house under his plea agreement.FTX Digital Markets was the Bahamian subsidiary of FTX Trading Ltd., a leading cryptocurrency exchange managed by Sam Bankman-Fried which went bankrupt in November 2022. While at FTX Digital Market,…
Last updated: May 3, 2024 01:58 EDT | 1 min read Paragraph, a web3 publishing startup, has secured $5 million and taken over the blogging platform Mirror.According to a recent announcement by Mirror Development, the new funding round was led by Coinbase Ventures and Union Square Ventures. Paragraph is set to assume stewardship of Mirror, including its product, design system, and brand.Paragraph Takes Over MirrorFounded in late 2020, Mirror introduced a publishing platform that provided writers with crypto tools including decentralized storage, domains, crowdfunding, and NFT capabilities. The platform was frequently used by companies to publish announcements and blogs.“When I…
Last updated: May 3, 2024 01:13 EDT | 1 min read Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed.Block was one of the first public companies to add Bitcoin to its holdings in 2020. With an initial investment of $220m, its Bitcoin holdings have surged 160% to hit $573m by the end of Q1 in 2024.“We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity,” CEO Dorsey company said in…
Last updated: May 3, 2024 00:14 EDT | 1 min read Tether, the issuer of the world’s largest stablecoin, said it has teamed up with the blockchain data platform Chainalysis to monitor secondary market activity and combat illicit activity.In an announcement, Tether which issues the cryptocurrency “USDT” pegged to the U.S. dollar, said it is launching new monitoring and analysis tools with Chainalysis. The tools will have the ability to identify wallets that may pose risks or may be associated with illicit or sanctioned addresses.“Tether’s proactive commitment to monitoring the secondary market for USDT – the world’s most popular cryptocurrency –…
Chimpzee continues its charitable efforts as it solidifies its role as being the most wholesome passive income project in Web3.The meme coin provides four routes to earning a passive income while helping raise funds to donate to charitable organizations fighting to save animals and prevent deforestation.Furthermore, the project has launched its much-awaited NFT Passports with a potential of burning another 5 billion $CHMPZ from the circulating supply.Passive Income and Charity: Chimpzee Aims to Prove Web3 Can Be Used For Noteworthy PurposeChimpzee is a Web3 project that provides its users with multiple routes to earning a passive income while positively contributing…