Author: Crypto News

Shiba Shootout has taken the cryptocurrency world by storm, boasting a spectacular launch that saw the project amass $150,000 within just its opening week. The project has raised upwards of $231k so far. Its eyes are set on concluding the current presale phase in less than a week.This remarkable achievement has sparked interest and excitement in the crypto community, highlighting the project’s potential as a game-changer in the digital currency space. What’s the secret behind this explosive start? Let’s dive into the unique elements that propelled Shiba Shootout to early success.A Compelling Theme That Captures the ImaginationAt the heart of Shiba…

Scorpion Casino, a revolutionary GambleFi project, has made its debut on major exchanges following a successful $10 million presale. This highly anticipated event has garnered significant attention, as Scorpion Casino aims to disrupt the online gambling industry by leveraging blockchain technology and its native token, $SCORP.After months of anticipation, the $SCORP token is now live and trading on popular decentralized exchanges like PancakeSwap and LBank. Additionally, the project has arrived on XT.Bank and BitMart, further expanding its reach and accessibility to a broader audience of investors and traders.The launch of $SCORP on these reputable exchanges has already sparked a surge…

Last updated: April 29, 2024 23:00 EDT | 2 min read South Korean crypto holders were warned to declare their overseas crypto exchange holdings – or face a potential “tax bombshell.”The cautionary words came from Kim Dae-kyung, a tax accountant at the Hana Bank Asset Management group’s Asset Management Consulting Center. Kim published the warning in an article for the media outlet Money S.South Koreans Warned: Declare or Face ConsequencesCrypto trading profits are not subject to any form of taxation in South Korea, provided this trading is done on domestic platforms.As of next year, that is slated to change. A…

Last updated: April 29, 2024 23:00 EDT | 2 min read Dogecoin Investors Turn To This Exciting Virtual Reality ICO, Chasing Potential 1,700% Profits / Source: Cryptonews As the Dogecoin (DOGE) price fades and eyes a new test of recent range lows, investors are turning to an exciting virtual reality ICO called 5thScape as they hunt for 1,700% profits.Dogecoin was last changing hands in the mid-$0.14s, having bounced from $0.14 support on Monday.The subdued tone to trade will have disappointed some. Monday was actually the day that Dogecoin futures launched on Coinbase, the largest US crypto exchange. Today is the…

Last updated: April 29, 2024 19:30 EDT | 3 min read Russian lawmakers are poised to legalize the nation’s burgeoning industrial crypto mining sector, but could impose strict limits on home-based “private” miners.Per the media outlets Finam and RBC, Deputy Chairman of the State Duma Committee on Information Policy Anton Gorelkin confirmed that the State Duma will debate a new mining law in the current session.Russian Law to Change Nation’s Crypto Mining Sector?It appears that the mining bill will be bundled with proposed crypto regulation that would effectively ban crypto exchanges from operating in Russia.Certain exceptions will be made for…

Last updated: April 29, 2024 18:07 EDT | 2 min read The North Korean Lazarus Group allegedly laundered $200 million worth of crypto into fiat currency between August 2020 and October 2023, according to an April 29 investigative report by crypto sleuth ZachXBT.The investigation examined over 25 exploits across various blockchains and traced illicitly gained funds through mixers, peer-to-peer marketplaces, and centralized exchanges to show how the funds were removed from the crypto ecosystem.North Korean Lazarus Group Implicated in Laundering Over $200 Million in Stolen Cryptocurrency 1/ How Lazarus Group laundered $200M from 25+ crypto hacks to fiat from 2020…

Last updated: April 29, 2024 17:50 EDT | 4 min read Algorand Price Prediction as Community Gathers At ETH Boston – Can ALGO Reach $2? / Source: Cryptonews The Algorand (ALGO) price continues to subside following last week’s major spike, despite a build-up of excitement regarding the blockchain last weekend at a community get-together at ETH Boston.ALGO was last down around 2% on Monday just below $0.19, having been briefly as high as $0.2650 last Wednesday.The Algorand Foundation, the group behind the development of the Algorand blockchain, hosted the closing party for ETH Boston 2024. Hey Boston #AlgoFam! 🇺🇸 The…

Last updated: April 29, 2024 16:40 EDT | 1 min read Circle stablecoin USDC has achieved an important milestone in the stablecoin market, surpassing Tether’s USDT in transaction volume, according to data released by Visa on April 29 through a partnership with Allium Labs.USDC Stablecoin Recorded $456 billion in transaction volumeThe adjusted stablecoin metric data reveals that Circle’s USDC stablecoin has been gaining market share, recording a transaction volume of $456 billion last week compared to Tether’s USDT at $89 billion.USDC stablecoin also accounted for a 50% share of total transactions since January.USDC records $456B in transactions for April 2024The…

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Last updated: April 29, 2024 14:21 EDT | 1 min read Reaching a major milestone, Lido Finance, the leading liquid staking protocol on Ethereum, now controls over 28.5% of all staked Ether, raising questions about the potential of DeFi to challenge traditional finance (TradFi).The April 29 achievement establishes Lido Finance as the largest decentralized finance (DeFi) protocol, boasting one million Ethereum validators and surpassing major players like Coinbase exchange, which holds 13.6% of staked Ether, according to Dune.This surge in popularity can be attributed to the unique advantages liquid staking protocols like Lido offer users.Users who stake their Ether with…