Author: Crypto News

Last updated: April 30, 2024 19:29 EDT | 3 min read Monday, April 30, 2024 – Solana’s hottest new pothead meme coin, Slothana ($SLOTH), has concluded an eye-watering $15 million presale with the announcement of an airdrop in less than 24 hours, on May 1, according to the project’s official X page. 🌿🚀 Hark, disciples of Slothana! 🌟 Our Lord Sloth shall grace us with the first coming of Slothana’s liquidity on the first day of May at 4pm UTC. 🕓 Most loyal participants in the presale shall be blessed with their Slothana tokens starting from this auspicious hour. But……

Last updated: April 30, 2024 19:20 EDT | 3 min read Revolutionary bitcoin cloud mining token Bitcoin Minetrix ($BTCMTX) launched on DEXs today after raising $14 million in presale – its price is now expected to rocket on the back of newly announced burn and possible buyback initiatives.At 4pm today Bitcoin Minetrix announced a 400,000,000 token burn, amounting to 10% of the total supply of 4 billion.The burn will take place tomorrow (Wednesday 31 April) at 8am UTC, and there is speculation it might be followed by a buyback campaign, to drive the price higher. Although the extent of a…

Last updated: April 30, 2024 16:31 EDT | 1 min read Just three days after the Bitcoin halving event, a record-breaking 1.6 million unique Bitcoin transactions were processed on April 23, according to data from Blockchain.com and Glassnode. The transaction surge signifies a growing interest in utilizing Bitcoin for everyday trades, moving beyond its traditional role as a store of value.Bitcoin Runes Dominate Daily TransactionsBlockchain.com data points to a direct correlation between the launch of Bitcoin Runes, an alternative to Bitcoin Ordinals, and the spike in daily Bitcoin payments. On April 23, Runes accounted for 68% of all Bitcoin transactions,…

Last updated: April 30, 2024 15:55 EDT | 1 min read Cryptocurrency investors continue pouring funds into a suspected Solana meme coin honeypot scam despite clear warnings that they may be unable to withdraw their investments.BONKKILLER’s astronomical market cap of $328 trillion was achieved through a manipulative tactic of freezing token holders’ accounts and preventing sales called honeypot scam, according to Solana ecosystem news platform Solana-Floor’s April 29 X post.Launched on April 29, the BONKKILLER Solana meme coin quickly amassed approximately $4.6 million in trading volume within 24 hours. Lurking beneath the surface of this seemingly lucrative opportunity was a…

Last updated: April 30, 2024 18:37 EDT | 5 min read Bitcoin Price Tumbles Below $60,000 as ETF/Macro Headwinds Mount – Is the BTC Bull Market Over? / Siource: Cryptonews The Bitcoin (BTC) price tumbled more than 5% on Tuesday to below $60,000 following a disappointing first day of spot Bitcoin ETF trade in Hong Kong, and fresh US economic data that points to sticky inflation and strengthens the argument that the Fed should wait before cutting interest rates.Having pushed nearly as high as $65,000 in early Asia trade, Bitcoin was last changing hands around $60,000s.As macro/fundamental headwinds build, technical…

Last updated: April 30, 2024 15:33 EDT | 1 min read A Seattle courtroom became the stage for a major moment in the cryptocurrency industry as former Binance CEO Changpeng ‘CZ’ Zhao received a four-month prison sentence on Tuesday.The sentencing followed Zhao’s guilty plea to money-laundering violations late last year, marking a turning point for the industry giant and its influential founder.CZ’s Prison Sentence: A Lighter Penalty Than RequestedJudge Richard Jones considered several mitigating factors during the sentencing, including Zhao’s cooperation with law enforcement and the numerous character references submitted to the court. Judge Jones expressed his belief that Zhao…

Last updated: April 30, 2024 12:45 EDT | 2 min read Popular blockchain investigator PeckShieldAlert reported on April 30 that an address associated with the notorious Poloniex hacker transferred 501 BTC, valued at roughly $32 million, to three new wallet addresses. The move appears to be an attempt to conceal the origin of the stolen funds.Poloniex Hacker Continues Efforts to Conceal FundsPeckShieldAlert revealed that the largest Bitcoin transaction executed by the Poloniex hacker involved the transfer of 486.62 BTC, approximately $30.8 million, to a single address.Two smaller amounts of 10 BTC and 5 BTC, valued at around $623,000 and $316,000,…

Last updated: April 30, 2024 12:36 EDT | 2 min read Lawyers for Terraform Labs and its founder, Do Kwon, are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion after the crypto company and its founder were found liable for fraud related-to the Terra-Luna crash in early April.Thursday’s court filing comes after the SEC requested a $4.7 billion disgorgement and prejudgment fine and a total of $520 million in civil penalties for its role in the Terra-Luna collapse.Terraform Labs And Do Kwon Push Back Against Billions In…

Last updated: April 30, 2024 11:40 EDT | 8 min read The TOKEN2049 conference, held in Dubai this month, was a massive event. It hosted industry leaders and featured meetups, workshops, networking events, hackathons, and much more.Cryptonews was there, diving into the key insights and highlights through interviews with many of the veteran and rising industry figures alike.The venue was stunning, and the atmosphere was electric. “There was a certain buzz in the air that wasn’t felt at crypto conferences since late 2021 / early 2022,” Cryptonews Podcast host Matt Zahab said.A sneak peek into the TOKEN2049 event.Collocutors talked about…

Last updated: April 30, 2024 11:31 EDT | 2 min read The cryptocurrency world has been going wild with speculation about BlockDAG, an upcoming crypto project that’s rapidly gaining traction with its innovative technology and an air of intrigue surrounding its origins. BlockDAG’s speedy progression through its presale batches has led to many scrambling to invest in this promising project before yet another price increase. Could this be the next big thing in crypto, or is it an elaborate social experiment? The recent Forbes slip-up has only added fuel to the fire, possibly confirming a long-standing rumour about who’s behind the…