Crypto news

Alexey Pertsev, a Tornado Cash co-creator, was denied bail for the third time. He will spend the rest of the year behind bars as his legal team prepares an appeal against the money laundering charges. He was also denied access to a computer to prepare for his appeal. The court said that offering him that privilege would bypass its security protocols. Moreover, it has previously claimed that approving Pertsev’s request for supervised release would not make sense as he poses a flight risk. A...

TL;DR Kraken has partnered with Atlético de Madrid as its Official Crypto and Web3 Partner and Official Sleeve Partner, aiming to bridge the cryptocurrency industry and the sports world. The initiative aims to enhance fans’ digital experiences and promote cryptocurrency education. The Terms of the Collaboration The US-based cryptocurrency exchange – Kraken – announced its partnership with one of the most successful Spanish football teams – Atlético de Madrid. The company...

The Bitcoin price has recovered above the pivotal $60K mark, causing many to believe that the bulls are back and a larger rally is in play. At the time of this writing, BTC trades at above $61K, charting an increase of more than 4% in the past 24 hours alone. Source: TradingView As seen in the chart, the price exploded during the last hour as the volatility was significantly less before that. This move has resulted in over $100 million in liquidations in the derivatives...

North Carolina-based hedge fund manager Morgan Creek Digital intends to raise roughly $500 million for a new fund focused on investing in artificial intelligence (AI), blockchain technologies, chips, and data opportunities. According to a press release, Morgan Creek’s new fund will invest in early-stage companies that combine AI power with blockchain technology and the associated chips to unlock value from data. Morgan Creek To Raise $500M for New Fund Morgan Creek is looking...

A failed assassination attempt on former US President and 2024 presidential nominee Donald Trump has caused Trump-related memecoins to surge in price. Simultaneously, his odds to win this year’s presidential election shot up on the prediction market Polymarket. MAGA (TRUMP), the largest Trump-related memecoin by market cap, rallied up by 30% immediately after the incident. Its price went from $6.31 to $10.36, taking its market cap up by the hundreds of millions, from $293 million to $469...

TL;DR: An altcoin rally is still seen as a possible scenario in 2024 Bitcoin Cash (BCH) has to re-conquer $400 before heading for the predicted range of$700 Cardano (ADA) now waits for nodes to implement the Chang hard fork Clandeno (CLD) aims to place its shares with investors that aim for active assets with a positive upside The altcoin market still holds prediction in play, potentially sending coins from previous seasons to new peaks. Bitcoin Cash (BCH) is still keeping a...

ImmuneFi’s recent report stated that the Binance-launched BNB Chain has witnessed over $1.6 billion in the previous four years since its launch in 2020. 23% of those losses, or $368 million, occurred due to rug pulls, putting BNB Chain ahead of all other blockchains in terms of rug pulls. For instance, Ethereum has reported $3.6 billion in losses since its inception, while only 4.4%, or $158 million, was attributed to rug pulls. Rug pulls occur when shady developers launch tokens and sell...

Bitcoin and, by extension, cryptocurrencies have never been more relevant to voters than in the 2024 presidential election. A new poll funded by crypto-focused investment firm Paradigm showed that 13% of Republicans who originally did not intend to vote for Donald Trump had a more positive view of him after he reversed his previous stance on the asset and positioned himself as a proponent of the industry. Trump’s Crypto Conversion Sways Reluctant Republicans As Trump...

The US Securities and Exchanges Commission (SEC) has dropped its investigation into Bitcoin layer 2 Stacks and builder Hiro. This news comes right after the SEC stopped looking into Paxos for securities violations for issuing the Binance USD (BUSD) stablecoin this past week. Many are celebrating these developments as the stringent financial regulator is appearing to let crypto projects breathe and not obstruct innovation through securities violation claims. In a letter to the legal counsel...

The upcoming United States elections scheduled for November could mark a significant turning point for the American crypto industry due to candidates’ opposing views on digital assets. Crypto exchange Coinbase believes crypto voters will make a big difference in the election’s key races, especially the presidential contest. The Effect on Battleground States According to a survey conducted by the crypto trading platform, 52 million Americans own cryptocurrencies, and one in...