Author: News Room
A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of victims,” said U.S. Attorney Damian Williams. The Onecoin legal chief was also ordered to forfeit $111,440,000. Onecoin’s Irina Dilkinska Sentenced The U.S. Attorney’s Office for […] Read the full article here
TL;DR Dogecoin experiences a 10% weekly price decline after the recent bull run, following a broader market correction. Predictions for DOGE’s price include significant increases, with discussions on its potential for reaching new ATH. Dogecoin (DOGE) is among the worst-affected cryptocurrencies (from the top 10 list) from the latest market correction, with its price tumbling by 10% weekly. Recall that several days ago, the situation was completely different, and the valuation of the meme coin surged above $0.22 for the first time since November 2021. Numerous analysts believe DOGE will soon rebound and rally towards new peaks. One example is…
The price of Bitcoin, the largest cryptocurrency, has managed to reclaim the $69,000 level, surging to an intraday high of $69,199, according to CoinGecko data. Bitcoin’s sharp move managed to trigger a volatility alert by the 100eyes Crypto Scanner. The cryptocurrency has now added more than 5% over the past 24 hours, paring almost all of the losses that the cryptocurrency suffered earlier this week. On Apr. 2, the price of the largest cryptocurrency plunged to the $65,000 level. The sharp price decline was likely caused by disappointing Bitcoin exchange-traded fund flows as well as the increasing odds that the…
Cardano light wallet platform Lace has announced the release of Lace v.1.9, which includes some exciting new features and enhancements. Lace acts as a gateway for users to interact with the Cardano blockchain, enabling them to securely store, transmit and receive ADA (Cardano’s native cryptocurrency) and Cardano native tokens. This light wallet platform, which is intended to optimize the user experience in the Web3 environment, has a game-changing boost with the latest upgrades: the first phase multi-account and multi-wallet features. The latest release, v. 1.9, introduces multi-wallets and a multi-account setup for the Lace wallet. 👛👛👛Why have one when you…
Polygon (MATIC) shows signs of a complex pattern. This is highlighted by an increase in whale activity alongside a decrease in daily active addresses. This confluence of on-chain metrics points to mixed sentiment within the market. Polygon’s Mixed Signals Initially, there was a decline in the number of addresses holding substantial amounts of MATIC, dropping from 273 to 252 by March 30. However, this trend reversed in the following days, with the count increasing to 266 by April 3. This behavior indicates that whales are potentially “buying the dip,” a strategy that suggests optimism for MATIC’s price increase. MATIC Whales…
In the dynamic world of cryptocurrency, where information moves at the speed of light, staying ahead of scammers is crucial for the safety of investments. The KuCoin community has recently been the target of scam SMS messages, prompting the platform to issue a vital security alert. KuCoin is taking proactive steps to ensure its users’ safety by modifying its SMS notification services to combat this rise in fraudulent activities effectively. Beware of Unwanted Texts: A Warning to KuCoin Users KuCoin has observed an uptick in scam SMS messages being sent to its community members. These messages, often masquerading as official…
Ethena Protocol (ENA), the project behind the synthetic dollar stablecoin USDe, has catapulted its total value locked (TVL) beyond the $2 billion mark. This significant growth spurt comes amidst a wave of skepticism from seasoned industry experts, echoing concerns reminiscent of the Terra (LUNA) debacle. Experts Voice Their Skepticism on Ethena’s USDe Based on the data from DefiLlama, on April 1, Ethena’s TVL stood at $1.54 billion. In just four days, it has surged past the $2 billion mark, marking a growth of about 30%. This significant increase highlights the growing investor interest in what Ethena offers. The protocol’s lucrative…
PRESS RELEASE. Dubai, UAE — April 5, 2024 — TOKEN2049, the premier crypto event, has officially announced that tickets for the inaugural Dubai conference have sold out over two weeks in advance with 10,000 industry participants confirmed. The unprecedented demand underscores the event’s role as the leading international gathering within the crypto and Web3 space, […] Read the full article here
Global payment giant PayPal has announced that all United States users will be able to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. PYUSD is, however, not available to residents of Hawaii. PYUSD to USD Conversions for Cross-Border Transfers PayPal said that US customers leveraging its cross-border payments platform, Xoom, will be able to convert PYUSD to USD and then send money to recipients in approximately 160 countries. No transaction fees will be charged, according to the official statement on April 4th. Commenting on the latest development, Jose Fernandez da Ponte, Senior…
It was a day of positive divergence for crypto bulls as stocks tumbled late in the U.S. trading session while bitcoin (BTC) managed to erase most of the week’s losses. In late afternoon action, the S&P 500 and Nasdaq were each lower by nearly 1% – not a huge loss, but about a 2% reversal off of earlier session highs. Behind the moves lower were hawkish comments from Minneapolis Fed President Neel Kashkari. “If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all,” said Kashkari at…