Author: Crypto News
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Last updated: April 22, 2024 16:26 EDT | 2 min read Mt. Gox is approaching the final phase of its long-anticipated compensation process for creditors. According to an April 21 report shared on Reddit, the defunct exchange is projected to disburse 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen ($510 million) by October 2024.Some Mt. Gox Creditors Received RepaymentSeveral Mt. Gox creditors have reported updates to their claims accounts, indicating progress in receiving cryptocurrency and fiat repayments. Reports first surfaced on the Mt. Gox insolvency Subreddit in mid-April, with users noting the amounts to be paid…
Last updated: April 22, 2024 15:40 EDT | 2 min read Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign rally in Michigan on April 21, where he explained that the shift would enable Americans to access “every budget item anytime they want, 24 hours a day.”During his campaign, Robert F. Kennedy Jr. emphasized the importance of providing citizens unlimited access to government budgets. He vowed to increase transparency and accountability through blockchain technology, which represents a departure from traditional budgetary practices. The goal…
Last updated: April 22, 2024 14:31 EDT | 1 min read SafeMoon (SFM) CEO John Karony took to X (formerly Twitter) on April 21 to defend his innocence after being charged by U.S. officials with fraud over a multi-million dollar crypto scheme last November.“I’ll keep this post brief and to the point. I’m innocent, I didn’t commit fraud,” Karony wrote. “Looking forward to this case progressing. I won’t be broken. I won’t be bullied.”John Karony Denies Crypto Fraud Charges I’ll keep this post brief and to the point. I’m innocent, I didn’t commit fraud. Looking forward to this case progressing.…
Last updated: April 22, 2024 12:50 EDT | 2 min read Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens. Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want in, join us. https://t.co/RuA41vgWAx — Mike Cagney (@mcagney) April 20, 2024The locked batch of Solana coins has generated intense interest from prospective buyers due to the surge in SOL prices.According to Cagney, additional details…
Last updated: April 22, 2024 11:58 EDT | 3 min read The Shiba Inu price has risen by 2% today, moving to $0.00002704 as the wider cryptocurrency market posts a 1% gain in the past 24 hours.SHIB is now up by 15% in the past week, with much of this coming in the past couple of days, following the news that Shiba Inu’s team of developers has raised $12 million in funding for its new privacy-focused layer-three blockchain.And while it remains down by 1% in the past month, the coin’s 163% increase over the past year shows that it has…
Last updated: April 22, 2024 11:42 EDT | 2 min read Over the past week, the meme coin BONK has experienced explosive price action, outpacing many other leading cryptocurrencies with a 23% increase.As of Monday morning (UTC), BONK is trading at $0.00002064, according to CoinGeck data.This week’s performance saw only a few top cryptocurrencies achieve similar gains.NEAR Protocol’s NEAR rose by 19%, trading at $6.78, and Shiba Inu (SHIB) increased by 15% to $0.00002709.Meanwhile, two prominent dog coins saw declines: Dogecoin (DOGE) decreased by 2.5% to $0.1605, and WIF, another Solana-based meme coin, dropped 5% to $2.96.BONK’s fortunes appear to…
Last updated: April 22, 2024 11:37 EDT | 3 min read In the face of a general market decline, the Ethereum price prediction is currently facing a gloomy trend, suggesting a period of caution for the cryptocurrency. Similarly, Shiba Inu’s market performance mirrors these problematic conditions, indicating a struggle to maintain stability. In stark contrast, BlockDAG (BDAG) seems to flourish, demonstrating resilience and growth during these challenging times. BlockDAG has successfully raised over $19.3 million in its ongoing presale, with the current phase pricing each unit at $0.005. The teaser of an upcoming moon-themed keynote presentation has partly fueled this surge…
Last updated: April 22, 2024 07:42 EDT | 3 min read DOGE has fallen by 1% in the past 24 hours, with the Dogecoin price dropping to $0.1605 on a day when the crypto market as a whole has gained by 1%.Today’s dip means that Dogecoin is down by 2.5% in a week and by 22% in the past fortnight, although the coin has fared better than many others in recent weeks, having overtaken Toncoin (TON) in terms of market cap.And with DOGE still sitting on a 100% gain in a year, it remains in a good position for additional…
Last updated: April 22, 2024 06:51 EDT | 1 min read Finland’s Tax authority has found profits from sales of unreported crypto gains in 2023, amounting to €30 Million ($31.9 million). As a result, the EU nation has mandated reporting of income from the sale of mining digital assets.Per a report from a local media outlet Verkkouutiset, in line with the tax supervision following the unreported tax gains last year, the authority has asked those who invested in virtual currencies to pay ten million euros in capital income tax.“The amount found last year is large in euro terms, which indicates…