Author: CryptooTimes
Spot Bitcoin ETFs offset April losses in the first two weeks of May. Eric Balchunas, Senior ETF Analyst for Bloomberg, noted that Bitcoin ETFs have already seen $1.3 billion in inflows in May, offsetting all of the negative inflows in April for a total inflow of $12.3 billion since launch. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch. This key number IMO bc it nets out inflows and outflows (which are normal)…
Oklahoma has passed a bill to safeguard residents’ rights to self-custody digital assets, including crypto, effective Nov. 1. The legislation, known as OKHB3594, was signed into law by Governor Kevin Stitt and backed by Republican legislators, including State Senators Bill Coleman and Dana Prieto, and State Representatives Brian Hill and Cody Maynard. The bill explicitly prohibits any restrictions or bans on using or self-custody digital assets through self-hosted or hardware wallets. It also allows Oklahomans to mine cryptocurrencies at home or industrially, provided they adhere to local noise regulations. The legislation also specifies that individuals engaged in home digital asset…
Following a recent airdrop, Notcoin users expressed gratitude to Telegram founder Pavel Durov. Over half a million users from the play-to-earn blockchain game donated 1.03 billion Notcoin (NOT) worth $6.8 million at current prices to Durov’s personal wallet address. “Thanks for everything you guys built,” read the message addressed to the Telegram founder and his team. In response, Durov promised to hold the tokens until a $680 million price marker and acquire more Telegram servers to bolster operations. Private messaging platform Telegram has supported blockchain development, and endorsed initiatives like The Open Network (TON). Such backing has allowed web3 builders…
Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU. According to a Bloomberg report, the exchange is “actively reviewing” delisting plans. The possible abandonment of USDT is due to the new regime for digital assets, which will come into force in the EU in July. Tether’s stablecoin will likely be affected by new EU rules, specifically the Markets in Crypto Assets (MiCA) regulations. The guidelines, which have yet to be finalized by the European Banking Authority, will impose restrictions on stablecoins offered to European investors. “We’re absolutely planning for all eventualities, including situations where it’s just not…
zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent. Ethereum-based zero-knowledge (ZK) solution zkSync hinted at a token distribution after developers ship the protocol’s upcoming v24 release expected by the end of June. The project taps ZK cryptographic technology to scale Ethereum’s (ETH) blockchain, and offer users affordable transactions on the world’s second-largest decentralized network. With the deployment of proto-danksharding through the Dencun upgrade, Ethereum gas fees have became even cheaper. Data from L2Fees shows that it costs less than a dollar to send ETH or swap tokens on the…
Solana proved to be the fastest among major blockchains, according to a report by CoinGecko. The report states that on April 6, the average daily number of transactions per second (TPS) reached a record high of 1,504 amid the boom of meme coins on Solana. “This makes Solana 46 times faster than Ethereum and more than five times faster than Polygon, which has the highest TPS among Ethereum scaling solutions.” CoinGecko report Despite being considered the fastest blockchain, Solana only achieved 1.6% of its theoretical maximum speed of 65,000 TPS. Source: CoinGecko BNB Chain and Polygon are the fastest EVM blockchains, with…
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he allegedly diverted these funds for personal use and to placate previous victims of his fraudulent activities. “For years, Sfraga brazenly lied to friends, neighbors, and investors to swindle over $1.3 million of their hard-earned life savings,” commented Breon Peace, the U.S. attorney…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe and KangaMoon token holders are seeing a surge in whale activity as their prices reach new all-time highs. The last few weeks have been marked by intense whale activity in the crypto market, especially in Pepe (PEPE) and KangaMoon (KANG). Following both memecoins reaching new all-time highs (ATH), analysts are watching this upswing. In fact, they hint that KANG, which is now in the Bonus Stage of its presale, may become the next 50x memecoin in 2024. Let’s…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana trader’s $780k profit underscores cryptocurrency’s potential as InQubeta garners Ripple whales’ attention with innovative features. An anonymous Solana (SOL) trader recently made a significant profit of $780,000 in just 15 minutes by taking advantage of a price discrepancy on the Solana blockchain. This impressive achievement showcases the potential for substantial gains in the cryptocurrency market. Meanwhile, in another development, InQubeta (QUBE), a rising altcoin, has gained the interest of Ripple (XRP) whales with its innovative features. This DeFi…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market saw a strong recovery today following the CPI report that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%. AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well too, with Galaxy Fox (GFOX) price pumping 33%. Let’s dig…
