Author: Crypto News

In a significant demonstration of community backing, over 30,000 on-chain users have voiced their support for Changpeng Zhao (CZ), the founder of Binance, through a decentralized opinion poll on AlphaorBeta. This poll, powered by Opinion Labs, sought insights on whether CZ’s contributions to the cryptocurrency world outweigh his past regulatory challenges. Within just 24 hours, the poll garnered extensive participation from top opinion leaders and users alike, marking that the crypto community stands behind CZ.The poll results were decisive: 81% of participants affirmed that CZ’s contributions indeed outweigh his past regulatory missteps. This strong endorsement from the community underscores the…

Last updated: April 30, 2024 10:14 EDT | 2 min read Hackers have successfully exploited the smart contracts of the now-defunct decentralized finance (DeFi) lending protocol Yield Protocol, draining crypto assets amounting to approximately $181,000.Yield Protocol ceased operations in December 2023, citing challenges with diminishing business demand and mounting global regulatory pressures. Yield Protocol Exploited Despite Warnings, Hacker Withdraws $181,000 Hi @yield, you may want to a look (w/ $181K) pic.twitter.com/wbzVgrvyyy — PeckShield Inc. (@peckshield) April 30, 2024Despite Yield Protocol’s repeated advisories for investors to close their positions, withdraw funds, and settle pending loans following its wind-down, an unidentified hacker exploited weaknesses…

Last updated: April 30, 2024 10:02 EDT | 2 min read Authorities from India and the US teamed up in a search operation in Uttarakhand to uncover a $360 million crypto-funded drug ring. The Indian Enforcement Directorate (ED) and the Federal Bureau of Investigations (FBI) conducted a search operation in Uttarakhand. This investigation uncovered a Rs 30 billion ($360 million) cryptocurrency scam.This marks the conclusion of a lengthy investigation that began in August 2023. The ED initiated the investigation, but the arrests were made following a tip from US authorities.The tip cited two Indian individuals allegedly involved in a drug trafficking…

Last updated: April 30, 2024 08:37 EDT | 2 min read Former Revolut employees have launched a new crypto exchange called X10, raising $6.5 million in its first funding round. The platform aims to address a void in the market that was once occupied by FTX, the exchange founded by Sam Bankman-Fried, who is currently in prison, according to a report from Sifted. Tioga Capital led the funding round, with participation from Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund. X10 was founded by Ruslan Fakhrutdinov, the former head of crypto operations at Revolut, Dmitrii Krasovskikh, the ex-technical lead, and Stefano Franz, the former…

Last updated: April 30, 2024 05:13 EDT | 1 min read Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to renew a license that had eased restrictions. Essentially, this led to reimposed sanctions on Venezuela’s oil industry.In response, Venezuelan opposition politician Leopoldo Lopez and a Chainalysis director Kristofer Doucette presented a report on Monday, calling for democratic governments to take action. Their report detailed financial transactions…

BEFE Coin is currently a significant player in the cryptocurrency market, showcasing a remarkable surge in its price and market activity. This surge, which has captured the attention of investors and enthusiasts alike, is not merely a fleeting trend but a reflection of the underlying dynamics that set BEFE apart from regular meme coins.What sets the coin apart is not just its meme coin status but its commitment to utility and innovation. While many meme coins start as jokes or trends, BEFE stands out by offering a tangible DeFi ecosystem to its users. This strategic move not only differentiates BEFE from…

We are currently seeing a move from the Bitgert coin that could take it past the $0.0001 level in just a few weeks from now. The price movement has been of huge interest to many crypto traders and speculators for some weeks now because of its record, especially in the last 3 weeks with repeated retests of its past highs. But, let’s take a closer look at this recent discovery to get close to the Bitgert project, taking the crypto market by storm in the last weeks.A first step approach will be to get closer to the Bitgert coin price…

Last updated: April 30, 2024 03:41 EDT | 2 min read Issuers are expecting approximately $300 million in combined first-day inflows for the six new Hong Kong spot-crypto ETFs, with a preference for Bitcoin funds.Hong Kong has launched its first batch of ETFs focused on cryptocurrencies, marking potential competition for the popular Bitcoin products in the United States. Harvest Global Investments Ltd., the local unit of China Asset Management, along with a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co., listed Bitcoin and Ether ETFs in the city on Tuesday. Hong Kong ETFs Could See $300M in First-Day InflowsIn the US, spot Bitcoin ETFs from issuers like BlackRock…

London, United Kingdom – April 30, 2024 – Amidst the rising popularity and increasing value of Bitcoin, Simpleminers has launched a cloud mining service designed to simplify and optimize the Bitcoin investment process. As the cryptocurrency market continues to demonstrate significant growth, with Bitcoin reaching an all-time high of $73,454 last month and expected to rise further due to the imminent Bitcoin halving, Simpleminers offers a timely solution for investors.The cloud mining model introduced by Simpleminers eliminates the need for investors to manage physical mining hardware. This strategic approach allows individuals to invest in Bitcoin indirectly by purchasing computing power…

Last updated: April 30, 2024 03:02 EDT | 2 min read Keonne Rodriguez, one of the individuals associated with the popular cryptocurrency mixer Samourai Wallet, has entered a plea of not guilty to charges of money laundering. The United States Justice Department had charged Rodriguez and his co-founder, William Hill, with various offenses related to their involvement with Samourai Wallet. On April 29, Rodriguez appeared before the U.S. District Court for the Southern District of New York, where he pleaded not guilty to conspiracy to operate an unlicensed money-transmitting business and money laundering charges. Rodriguez Released on $1 Million BondAs part of the bail agreement, Rodriguez was released on a $1 million bond. However, his movements are now…