Author: Crypto News

Zug, Switzerland – April 16,2024 – Anomaly, announces the launch of the first AI-powered zero-gas Layer-3 gaming platform leveraging a play-to-airdrop mechanism targeting Telegram’s 900 million daily active users. Powered by Arbitrum Orbit and using Gelato’s Rollup-as-a-Service (RaaS), Anomaly’s new Layer-3 is set to redefine the gaming industry empowering developers to create immersive decentralized gaming experiences with unprecedented speed leveraging AI-enabled Game Engine, while completely abstracting away blockchain complexities.Anomaly streamlines blockchain gaming UX with Account Abstraction enabling user onboarding via social platforms and leveraging SocialFi for game monetization. At the core of the new gaming, Layer-3 sits the Anomaly SDK,…

Last updated: April 16, 2024 03:52 EDT | 1 min read OKX has officially launched the X Layer public mainnet in partnership with Polygon.According to a recent announcement by the crypto exchange OKX, the X Layer network is designed to make Ethereum-based transactions faster and more cost-effective for the company’s 50 million users.OKX Introduces Platform for Cross-Chain LiquidityThe Layer-2 (L2) network uses Zero Knowledge (ZK) for security and is built using the Polygon Chain Development Kit (CDK). The platform facilitates shared state and liquidity across various chains through the AggLayer. Hiya creators, builders, founders 👩‍💻👨‍💻 🚨 We’re opening X Layer…

Last updated: April 16, 2024 03:37 EDT | 2 min read US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal ‘cryptojacking’ operation. Charles O. Parks III, also known as “CP3O,” allegedly defrauded two cloud computing providers, resulting in losses of $3.5 million, while using their resources to mine cryptocurrencies worth approximately $970,000, including Ether, Litecoin, and Monero, according to an official press release. If convicted, Parks could face a maximum sentence of 50 years in prison.Parks to Appear Before Court on Tuesday for CryptojackingThe Brooklyn U.S. Attorney’s Office initiated the charges against Parks, who…

Last updated: April 16, 2024 02:16 EDT | 1 min read The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX.As part of a plea agreement resolving anti-money laundering and sanctions violations charges, the DOJ and the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) mandated court-ordered oversight for Binance. This oversight, known as a monitorship, would be implemented for three to five years.Sullivan & Cromwell, the law firm managing FTX’s bankruptcy proceedings, was initially designated as Binance’s…

Last updated: April 16, 2024 02:12 EDT | 2 min read BlackRock’s Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, although this figure decreased from the $111.1 million seen the previous day. In contrast, the remaining eight ETFs, excluding Grayscale’s, reported no inflows during this period.GBTC Sees $110M in OutflowsDespite the inflows into IBIT, it was unable to surpass the outflows from…

Last updated: April 15, 2024 23:00 EDT | 2 min read The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province.While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called “tax delinquents” in a countrywide crackdown.South Korean ‘Crypto Tax Crackdown’ Puts Yeongcheon in SpotlightPer the newspaper Gyeongbok Shinmun, Yeongcheon city authorities announced on April 15 that it will “begin intensive collection activities” on unpaid tax bills.Local tax bodies have been given powerful new software tools that…

Last updated: April 15, 2024 19:52 EDT | 2 min read The Bitcoin halving is less than one week away, and crypto exchange Coinbase is hyping up the event with a new commercial.Advertising the HalvingThe platform released a video over Twitter on Monday illustrating how much Bitcoin’s value has appreciated over time by measuring its purchasing power in terms of pizza.“Over time, your money gets you less. Does Bitcoin?” the ad’s narrator asks. Food for thought:What if money was designed to get you more over time, not less?#Bitcoin pic.twitter.com/z8eHF8JltQ — Coinbase 🛡️ (@coinbase) April 15, 2024Back in 2010, early Bitcoin…

Last updated: April 15, 2024 19:30 EDT | 2 min read Most young South Koreans are losing faith in the national pension system, a new survey has found – with many stating they see crypto and stocks as a better alternative.The study found that more than three-quarters of people aged 20-39 “don’t trust” state-issued pensions.Over half of respondents who said they were making their own pension plans claimed they were building their retirement funds with stocks and crypto.Crypto an Alternative as South Koreans Lose Faith in State Pensions?According to Chungnam Ilbo, the survey was conducted by the Korea Women’s Policy…

Last updated: April 15, 2024 18:30 EDT | 2 min read Norway is introducing a new legislation to regulate data centers nationwide and provide oversight on the activities of BTC miners, according to local Monday reports.The law mandates that all data centres register with the appropriate authorities and provide detailed information on services and ownership structure.BTC Miners Activities Set to be Filtered by Norway’s LegislationAs reported by local media outlet VG, Norway’s ministries of digitalization and energy have drafted what they claim to be the first legislation in Europe to regulate the country’s ever-growing data center industry. JUST IN: Norway’s…

Last updated: April 15, 2024 18:15 EDT | 1 min read Michael Egorov – founder of the decentralized finance protocol Curve (CRV) – once again neared liquidation on his massive DeFi loan as the crypto market collectively plummeted over the weekend.Curve Founder Loan In DangerBitcoin’s price has declined by 10% since Saturday, but altcoins like CRV were hit even harder, declining 30% from $0.58 to $0.43 over that same time. At its Saturday low, the token fell to just $0.38 – inches away from Egorov’s $0.37 liquidation point.“The lending health rate of multiple positions has dropped to around 1.1 (if…