Author: Crypto News

Last updated: April 19, 2024 18:43 EDT | 5 min read April is recognized as National Financial Capability Month in the U.S. to highlight financial education across the country. While initiatives have been taking place to help educate Americans about the traditional finance sector, opportunities around crypto education are also being presented this month. Crypto Education Becomes Important In The U.S.A recent study from Security.org found that the rate of crypto ownership in the U.S. grew by 10% last year. According to the study, 93 million people hold one or more cryptocurrencies. The upcoming Bitcoin Halving event has also sparked increasing interest in…

Last updated: April 19, 2024 18:25 EDT | 1 min read A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records would suggest.Per the SEC’s website, Commissioner Caroline A. Crenshaw was sworn into her position alongside Commissioner Hester M. Peirce (aka “Crypto Mom”) on August 17, 2020. Both have terms that are due to expire on June 5 – less than 50 days from today.SEC Commissioner Approaches End Of TermAccording to Fox Business journalist Eleanor Terret, recent White House…

Last updated: April 19, 2024 17:44 EDT | 1 min read Hackers used flash loans to exploit Hedgey Finance, stealing $44.7 million in a swift attack across multiple blockchains. Hedgey Finance suffered a devastating blow on April 19 when two simultaneous exploits drained $44.7 million from the token infrastructure platform.During the two-hour attack, the hacker utilized the ‘createLockedCampaign’ function with flash-loaned funds across multiple blockchains.Hedgey Finance Hacked: $1.9 Million Stolen on Ethereum, $42.8 Million on ArbitrumCyvers reported that Hedgey Finance suffered two exploits, one on the Ethereum (ETH) blockchain and another on the Arbitrum (ARB) network. The ETH attack resulted…

Last updated: April 19, 2024 17:03 EDT | 2 min read Veteran trader Peter Brandt suggested the probability of an upward price trajectory for Bitcoin on April 18, citing recurring patterns in its market behavior. His analysis showed that Bitcoin prices tend to follow a repeating pattern, suggesting a bullish trajectory.Peter Brandt Bitcoin Price Prediction Entails Three PhasesThe seasoned trader analyzed Bitcoin’s market behavior in a thread on X, where he classified the asset into three phases: Hump-Slump, Bump-Rump, and Pump-Dump.Peter Brandt’s chart on recurring BTC price patterns connected three phases of Bitcoin.According to the chart presented by Brandt, the…

Last updated: April 19, 2024 19:00 EDT | 3 min read RBOT, BRUNES, ALK are the top crypto gainers today in the micro cap on-chain markets, as per DEXScreener / Source: Cryptonews As Bitcoin (BTC) hovers just above the $64,000 level with the issuance rate halving just hours away and most other major altcoins trade with little by way of impetus, traders are turning to on-chain crypto market monitoring tools like DEXScreener as they hunt for top crypto gainers today.On-chain markets refer to crypto assets issued and traded directly on the blockchain.Ethereum, Solana, and BNB are the most commonly used…

Last updated: April 19, 2024 15:42 EDT | 1 min read Telegram and Tether partner to allow USDT payments through The Open Network (TON) and the Telegram wallet, potentially driving stablecoin adoption. Encrypted messaging platform Telegram and Tether have joined forces, enabling users to send USDT payments through The Open Network (TON) and the Telegram wallet, as formally announced by the companies’ founders on Friday at Token2049 in Dubai.USDT Payments On Telegram Via The Open Network and Telegram WalletAccording to the official announcement, Telegram users can now purchase USDT and send the stablecoin to others through TON, an independent blockchain…

Last updated: April 19, 2024 14:40 EDT | 3 min read Mango Markets hacker Avraham Eisenberg convicted of $110M theft, faces potential 20-year prison sentence. The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform.Prosecutors argued that Eisenberg orchestrated a complex scheme to exploit the platform, leading to substantial financial losses. Eisenberg, who has been in custody since January 2023, could face a maximum sentence of 20 years in prison.Eisenberg Found Guilty of Commodities Fraud and…

Last updated: April 19, 2024 14:01 EDT | 2 min read Binance co-founder He Yi expressed optimism about former CEO Binance CZ’s legal situation and the exchange’s future at a Dubai event. Binance co-founder He Yi provided insights into Changpeng Zhao’s (CZ) legal situation at a Dubai event on April 19, expressing optimism despite his upcoming sentencing in the United States.This follows CZ’s plea deal, which resulted in his departure from Binance and the company’s substantial $4.3 billion forfeiture.While a potential sentence of up to 10 years exists, sentencing guidelines suggest a more probable term of 12 to 18 months,…

Last updated: April 19, 2024 13:48 EDT | 4 min read Best Crypto to Buy Now April 19 – Bitcoin, Dogwifhat, THORChain / Source: CryptonewsWith the Bitcoin halving now just hours away, investors are asking whether BTC is the best crypto to buy now.BTC’s issuance rate to miners will drop by 50% in just over 8 hours, as per nicehash.com. It will fall from the current 6.25 BTC tokens per block to 3.125 BTC tokens per block. The Halving is Coming. #Bitcoin pic.twitter.com/JCD677j4Md — Michael Saylor⚡️ (@saylor) April 19, 2024This will reduce Bitcoin’s annual inflation rate to around 1%. And,…

Last updated: April 19, 2024 13:06 EDT | 4 min read Litecoin Price Prediction as LTC Consolidates at $80 Level – $1,000 LTC Possible? / Source: Cryptonews As the Litecoin (LTC) price consolidates at the $80 level, some are asking whether 10x gains, or even a rally to $1,000 might be possible this crypto bull market.Bitcoin (BTC) rallied to record levels near $74,000 last month. At the same time, Litecoin was only able to rally to highs just above $110 this month.That left it still down around 73% versus its December 2017 record highs at $420. But in light of…