Author: Crypto News

Last updated: April 19, 2024 05:09 EDT | 4 min read Bitcoin Price PredictionBitcoin’s current price stands at $64,520, marking a decline of around 1.65%. This adjustment occurs amid broader market uncertainties but also as the crypto community turns its attention to the forthcoming Bitcoin halving event. This significant moment is anticipated not only for its immediate impact on mining rewards but also for its potential long-term influence on Bitcoin’s price and scarcity. The halving event, which cyclically adjusts the rate at which new Bitcoins are created, has historically been a catalyst for notable price movements and is closely watched…

Last updated: April 19, 2024 02:52 EDT | 2 min read Binance has been actively engaged in close cooperation with Nigerian authorities following the detention of its head of financial crime compliance. The executive, Tigran Gambaryan, along with another Binance official, is facing accusations of laundering over $35 million. The case, which has been adjourned until May 2, is being handled by Nigeria’s anti-corruption body.Binance CEO Says They Are Working to Resolve MatterDuring the Token2049 crypto conference in Dubai, Binance CEO Richard Teng addressed Gambaryan’s situation, claiming that they are working to deal with the issue. “What I can say is we are working very closely with the Nigerian authorities to try to resolve the matter.” Meanwhile, the other executive, Nadeem…

Last updated: April 19, 2024 02:46 EDT | 3 min read Friday, April 19, 2024 – In a significant move for GambleFi, best crypto casino CoinPoker has launched a $1,000,000 guaranteed tournament series as part of an effort to supercharge its native CHP token.As the exclusive home of the Crypto Series of Online Poker (CSOP), CoinPoker has doubled down on its reveal of what some pundits have labelled ‘the biggest crypto poker event of the year’. 💎 CSOP Spring starts in 4 days! 😎 🗓 April 19th to 28th. 10 days, 41 events. 🤑 Record-breaking total prizes of $1,000,000 along…

Last updated: April 19, 2024 01:44 EDT | 1 min read SkyBridge Capital founder Anthony Scaramucci said that war or terrorist attacks could potentially lead to a 10% to 15% decline in Bitcoin’s value over the next year.In a CNBC interview published Thursday, Scaramucci discussed Bitcoin’s nascent stage of adoption. He said the asset will not achieve its marketed role as an inflation hedge or a store of value until its user base surpasses 1 billion.“Right now, it’s going to be way more volatile than people like,” he said. “And people look at it as a risk-on or risk-off trade…

Last updated: April 19, 2024 01:31 EDT | 1 min read The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC).According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion.The Seminar was co-hosted by the Suzhou City Digital Finance Industry Federation and MPayPass.e-CNY Research Institute for Sustainable DevelopmentThe e-CNY Research Institute would function as a think tank composed of experts committed to rational pragmatism and conservative innovation.Operating with a “joint expert construction” model, the…

Last updated: April 19, 2024 01:16 EDT | 2 min read The Ethereum network reported a robust income of $365 million in the first quarter of 2024, an impressive year-on-year revenue growth of 155%. According to a report by Michael Nadeau, an analyst at The DeFi Report, Ethereum’s Q1 income represents a staggering 200% increase compared to the $123 million profit recorded in Q4 2023.A major contributing factor to this substantial growth was the surge in decentralized finance (DeFi) activity during the quarter, driving heightened network participation.Ethereum Fee Revenue Reaches $1.17B in Q1Ethereum’s fee revenue, generated through user transactions, reached a notable…

Last updated: April 18, 2024 19:30 EDT | 3 min read Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week.Per Kommersant, the officials were named Georgy Satyukov and Dmitry Sokolov, employees at “one of the ministry’s most secret divisions.”The media outlet and major Russian Telegram news channels claimed the duo worked at the Bureau of Special Technical Events. The bureau is allegedly codenamed “Department K.”Reports claim the duo received their bribes in crypto over a period from March 19 to October…

Last updated: April 18, 2024 19:17 EDT | 1 min read Yuga Labs sells IP rights of two NFT games to Faraway in strategic move to refocus the organization. Yuga Labs sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway on April 17 in a strategic move designed to refocus the organization. The decision was accompanied by a key change in leadership.Yuga Labs simultaneously announced that Spencer Trucker, its chief gaming officer, would join Faraway as its new chief product officer. This move is structured to maintain continuity between…

Last updated: April 18, 2024 18:58 EDT | 3 min read Source: AdobeThe XRP (XRP) price is struggling to keep up with a broader crypto market rebound on Thursday, rising just 1.4% in 24 hours as per CoinMarketCap versus gains of 3.5% for Bitcoin (BTC) and 4.5% for Solana (SOL), with XRP’s market cap having recently slipped below that of US dollar stablecoin Circle USD (USDC).Down more than 20% on the month and trading just above $0.50, XRP’s market cap was last around $27.67 billion. That’s nearly $4.5 billion less than USDC’s market cap of just over $33 billion. XRP’s…

Last updated: April 18, 2024 18:52 EDT | 1 min read Canada crypto industry faces new tax reporting rules under CARF framework, effective 2026. Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, reported by the National Post on April 16.Crypto Tax Reporting In CanadaThe Organisation for Economic Co-operation and Development (OECD) agreed to the framework in August 2022 and is scheduled to be implemented in 47 countries by 2027, as pledged in November 2023. #Canada…