Author: Crypto News
Last updated: April 16, 2024 23:00 EDT | 2 min read The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.According to Newsway, the Bank of Korea (BOK) will test digital KRW usability and deposit functions with the group “at the end of 2024.”South Korean Central Bank Eyes Real-world Tests in Q4In October last year, the BOK announced plans to launch “CBDC usability tests” with the nation’s top regulators, the Financial Services Commission and the Financial Supervisory Service.Lawmakers have also created a…
Last updated: April 16, 2024 21:40 EDT | 1 min read Bitcoin’s soon-to-launch “Runes” token standard will allow the premiere crypto network to catch up to rivals in the realm of DeFi, predicted asset manager Franklin Templeton in a Monday report.The Promise Of RunesThe firm released a fact sheet expanding on the upcoming technology over Twitter, which is set to go live at the same time as the Bitcoin halving.“Runes introduces a new token standard on Bitcoin layer 1, which improves upon the current fungible token standards on Bitcoin (BRC-20s)” Franklin explained. Runes – Bitcoin’s new Fungible Token Standard pic.twitter.com/0VmlFbyKPc…
Last updated: April 16, 2024 20:30 EDT | 3 min read AIM, NEAI, NITEFEEDER are the top crypto gainers today in the micro cap on-chain markets, as per DEXScreener / Source: Cryptonews With major cryptocurrencies flat over the past 24 hours following a choppy day of trade, traders hunting for top crypto gainers today that might deliver them quick gains continue to flock to the highly volatile and illiquid on-chain micro-cap markets.Bitcoin (BTC) was last trading in the upper $63,000s, having held above recent lows in the $61,000s.The world’s largest cryptocurrency remains down by around 12% versus last week’s peaks…
Last updated: April 16, 2024 19:33 EDT | 2 min read Jeo Boden Price Prediction as On-Chain Data Shows Whales Accumulating BODEN in the Dip – $100 BODEN Possible? / Source: Cryptonews The Jeo Boden (BODEN) price is attempting to recover amid growing chatter that Solana meme coin whales have been accumulating the token in wake of its recent dip.Jeo Boden the purposefully misspelled meme coin based on US President Joe Biden and was last trading around $0.59.BODEN fell to $0.42 earlier in the day, taking its losses from recent highs to 60% at the time.But its recovery from session…
Last updated: April 16, 2024 19:30 EDT | 1 min read South Korean police have raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.”Per the newspaper Money Today, the Seoul Metropolitan Police Agency’s criminal task force announced on April 16 that it had searched and seized evidence from two locations.WNZ prices over the past 24 hours. (Source: CoinMarketCap)South Korean Police Raid Two AddressesPolice said they raided a Winnerz office in Gangnam, Seoul, and the home of the former Winnerz CEO Choi Seung-jeong on April 1.A court…
Last updated: April 16, 2024 18:37 EDT | 1 min read The available Bitcoin supply on exchanges is rapidly diminishing, potentially reaching depletion within the next nine months, according to a Monday analysis by Bybit.Citing data from CryptoQuant, Bybit wrote in a blog post that only 2 million BTC is present on centralized crypto trading platforms, representing less than 10% of the entire network’s supply.Cratering Bitcoin Exchange Supply Before Halving“If we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily,” the company’s analysts wrote, “suggesting that it will only take nine months to consume all of the remaining reserves.”Since launching in January, U.S. Bitcoin spot ETFs have absorbed…
Last updated: April 16, 2024 18:02 EDT | 2 min read Microsoft has invested $1.5 billion into G42, an artificial intelligence (AI) company based in the United Arab Emirates (UAE) the company announced on April 16. This was part Microsoft’s AI investment plans to expand and strengthen its position in the AI industry.Microsoft AI Investment Opens Innovation Gateways in The Middle EastMicrosoft announced its latest investment in AI via an official press release, noting that the company is gaining a minority stake in G42. Additionally, Microsoft Vice Chair and President Brad Smith will join the G42 Board of Directors. .@Microsoft’s…
Last updated: April 16, 2024 17:55 EDT | 1 min read Popular crypto wallet provider Trust Wallet disclosed on April 15 that it received “credible intel” about a high-risk zero-day exploit being sold on the Dark Web to target iOS users.According to the software developer, this flaw could allow hackers to gain unauthorized access to users’ personal data.Trust Wallet Reports Personal Information Sale on Dark WebTrust Wallet shared its discovery in an X post, explaining the dangers of the zero-day exploit targeted at iMessage. 1/2: ⚠️ Alert for iOS users: We have credible intel regarding a high-risk zero-day exploit targeting…
Last updated: April 16, 2024 16:11 EDT | 1 min read Publicly traded Bitcoin mining firm Hut 8 Corp announced on April 16 the initialization of self-mining operations at its new Salt Creek facility, only 78 days after breaking ground in the area.The Texas-based facility boasts a favourable energy profile, which is expected to reduce mining costs by 30% compared to the firm’s hosting facilities.Hut 8 Expands Its Mining FleetThe new site energization represents just one-third of the entire facility, charged with 63 megawatts (MW) of power in total.“With Salt Creek, we gain critical control over our miner fleet and…
Last updated: April 16, 2024 14:11 EDT | 2 min read United States Senators Elizabeth Warren (D-MA) and Charles E. Grassley (R-IA) have demanded that Commodity Futures Trading Commission (CFTC) Chair Rostin Benham disclose details of his interactions with disgraced FTX founder Sam Bankman-Fried prior to the exchange’s collapse, according to an April 12 letter addressed to Benham.U.S. Senators Request Chats Between Rostin Benham and Sam Bankman-FriedIn Grassley and Warren’s letter, the senators requested Benham provide a “full accounting of all meetings, phone calls, and written correspondence between you and/or your staff and Mr. Bankman-Fried and/or his staff” as well…