Crypto news

A griefing attack on the Bitcoin testnet recently caused a surge in network activity, resulting in the generation of over 165,000 blocks, equivalent to three years’ worth of blocks in just one week. The attacker, Jameson Lopp, co-founder and Chief Security Officer of Casa, publicly took credit for the incident, facing backlash from other Bitcoin developers. Lopp Defends Attack as ‘Trivial Exploit’ Speaking on the decentralized social media platform Nostr, Lopp described the...

The trading day continues in an even more painful manner for bitcoin as the primary cryptocurrency took another hit and slumped to its lowest price position in over two months of under $59,300. The altcoins’ situation is worse, with ETH dropping below $3,000, SOL dumping by 8%, and a few double-digit price declines. Bitcoin/Price/Chart. Source: TradingViewIt was just earlier today when the bitcoin bulls had taken charge and initiated an impressive leg up that resulted in the...

BlockDAG Network has unveiled a strategic vesting period in the wake of its remarkable 500% growth during the presale, coinciding with significant updates from BNB Chain and the fluctuating prices of Filecoin. This announcement underscores BlockDAG’s commitment to investor alignment and project sustainability, aiming to solidify its position in the dynamic cryptocurrency market. As BlockDAG continues to navigate through its presale phases, achieving unprecedented...

Changpeng Zhao (aka “CZ”) – the founder and former CEO of crypto exchange giant Binance – has been sentenced to 4 months in prison after a hearing in a Seattle courthouse on Tuesday. The sentencing follows CZ’s guilty plea to running afoul of know-your-customer and anti-money laundering requirements at his exchange in November. During the hearing, Judge Richard Jones acknowledged tht CZ had “accepted responsibility” for his actions, and that his actions at Binance were of a...

Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins raise questions about which industry firms can stay afloat during Bitcoin’s next halving epoch, as well as how Bitcoin’s market price might be impacted. Steep Decline In Miner Revenue According to data shared by on-chain analytics platform CryptoQuant, Bitcoin’s “Puell Multiple” plummeted sharply immediately...

While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by...

[unable to retrieve full-text content]CoinspeakerSolana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors Bonk Killer amassed a market value swiftly. Howeve­r, this growth halted abruptly when traders found the­y couldn't sell their tokens. Solana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors

[PRESS RELEASE – Santa Clara, California, April 30th, 2024] CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale. This is another major milestone towards CARV’s mission to maximize data innovation while ensuring individuals can share the value created in a user-owned internet. Starting May 13, users worldwide can become part of CARV’s decentralized data network, contributing to the redistribution of value and earning...

[unable to retrieve full-text content]CoinspeakerBinance France: CZ’s Conviction Puts EU Access at Risk Although the AMF extended its transitional period for compliance to December 2025, which allows Binance to operate in France until then, beyond this point, a MiCA license will be required to maintain EU market access. Binance France: CZ’s Conviction Puts EU Access at Risk

[unable to retrieve full-text content]CoinspeakerIndonesia’s Election Results Could Boost Crypto, Say Observers Indonesia conducted its presidential election in February 2024, with Subianto and  Rakabuming emerging winners. During the presidential campaign, both Subianto and Rakabuming declared their support for the crypto economy. Indonesia’s Election Results Could Boost Crypto, Say Observers