Crypto News

Dutch police arrested a 26-year-old man on April 29. The arrest is connected to the ZKasino crypto gambling scam that involves over $30 million. Police have seized 11.4 million euros ($12.2 million) in crypto and other assets from the suspect. Dutch police have arrested a 26-year-old man amid a law enforcement investigation around ZKasino. The crypto project is allegedly a crypto gambling scam involving more than $30 million. ZKasino scam suspect arrested According to the Fiscal Information and Investigation Service (FIOD), authorities detained the individual on April 29, on suspicion of fraud, embezzlement and money laundering. The arrest comes after an outcry from the public in the wake of suspicious activities around the ZKasino platform. Dutch authorities have seized more than 11.4 million euros ($12.2 million) in crypto assets, real estate and a luxury car from the suspect, FIOD announced on May 3. Scrutiny on ZKasino increased in mid-April after multiple crypto exchang...

Pantera Capital has announced it invested an undisclosed amount in TON. The venture capital firm says TON’s integration with messaging platform Telegram could be a game-changer in crypto adoption. Venture capital firm Pantera Capital has invested in The Open Network (TON) blockchain, the layer-1 network powered by Toncoin (TON) . TON was originally launched by messaging app giant Telegram and currently run by the open-source community. In details shared in an announcement on Thursday, Pantera Capital said its investment aims at bolstering future growth for TON amid the push to bring more people to crypto via Telegram. Telegram integration boosts TON’s potential The VC platform’s confidence in TON’s future and capacity to drive crypto adoption is down to the extensive use of crypto in the Telegram network. “By leveraging Telegram’s vast user base and seamless UX with the vibrancy of TON’s emerging ecosystem, we believe TON has the potential to become one of the largest crypto ...

The partnership between Figment and Bitvavo underscores the growing significance of staking services in the cryptocurrency industry. Both entities aim to unlock new opportunities and enhance the overall user experience by combining their expertise and resources. With Bitvavo’s expansive reach and Figment’s proven track record in staking infrastructure, the collaboration is poised to reshape the landscape of staking services in Europe. Netherlands-based cryptocurrency exchange Bitvavo is set to bolster its staking services across Europe through a strategic partnership with institutional staking platform Figment. With a user base exceeding 1.5 million in the Benelux region, Bitvavo aims to elevate its offerings, tapping into Figment’s expertise and infrastructure to provide enhanced staking capabilities to its customers. Expanding staking services with Figment The partnership between Figment and Bitvavo signifies a strategic move towards offering additional security measures and...

Changpeng Zhao sentenced to four months in prison despite DOJ’s request for a longer term. Crypto market dips after Binance founder’s sentencing; BTC and ETH prices decline. Kangamoon presale gains momentum raising over $6 million with over 79% $KANG tokens sold. The global crypto market experienced a downturn, with a significant 8.17% decrease, following the sentencing of Changpeng Zhao, the former CEO of Binance. Bitcoin (BTC) and Ethereum (ETH) prices are leading, with BTC dropping by 9.03% and ETH by 9.16% over the last 24 hours. At press time, BTC was priced at $57,454.33, while ETH stood at $2,867.59. But as most cryptocurrencies dip, Kangamoon , a new meme coin, is offering an alternative opportunity with its ongoing presale. Changpeng Zhao’s sentence after DOJ’s request rejection c, known as “CZ,” was sentenced to four months in prison after pleading guilty to money laundering violations at Binance. As reported earlier , Zhao’s sentencing came after U.S. District Jud...

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest cryptocurrency by market cap’s value revisited $2,942 on US-based exchange Coinbase. ETH price weakness amid key developments ETH is seeing renewed downside pressure amid crucial developments around this cryptocurreny’s ecosystem and in the regulatory space. This past week, Consensys sued the US Securities and Exchange Commission (SEC) , accusing the regulator of gross overreach in its e...

Cardano’s price is at $0.45 after a bearish flip this past month.  Santiment analysts say ADA could see a potential bullish flip as whale activity spikes. KangaMoon (KANG) is a new crypto project attracting a lot of attention in its presale.  Cardano (ADA) has dipped below a key level and could face new downside pressure as Bitcoin struggles to reclaim $64k. However, on-chain data shows a spike in whale activity to suggest a potential reversal. This article looks at the price prediction for Cardano , and what the broader market outlook means for KangaMoon (KANG) . What is KangaMoon? KangaMoon is a new cryptocurrency that combines meme coin culture with the emerging SocialFi and GameFi elements of the crypto market. The project’s strong pull is down to the rapid growth of the meme coin sector and the utility and appeal of play-to-earn (P2E) gaming. KangaMoon’s native token offers access to these components of the market, with early backers getting a chance to earn more...

EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, based on research by @eigen_labs , alo...

zkSNACKs restricts Wasabi Wallet access for U.S. citizens and residents. Decision follows arrests of Samourai Wallet and Tornado Cash founders. Move aims to mitigate legal risks amidst regulatory scrutiny. In response to recent legal actions and regulatory scrutiny, zkSNACKs, the developer behind the privacy-focused Wasabi Wallet, has decided to restrict access to its services for United States users. This move comes amidst growing concerns within the cryptocurrency community following the arrests of individuals associated with other privacy-enhancing wallet services, such as Samourai Wallet and Tornado Cash. Arrests of the founders of Samourai Wallet The decision to block access for U.S. citizens and residents was announced in a blog update by zkSNACKs, citing recent developments involving other privacy-focused wallet services. Specifically, the arrests of the founders of Samourai Wallet on charges of money laundering, as well as the arrest of Tornado Cash co-founder Roman St...

China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading Chinese blockchain expert who previously spearheaded China’s Digital Yuan program, is reportedly under government investigation. The Digital Yuan is a central bank digital currency ( CBDC ) project that sparked other countries towards similar efforts.  Local media reports say China’s anti-graft agency is probing Yao for alleged “violations of discipline and law.” Ex-Digital Yuan boss under probe Yao led the Chinese central bank’s CBDC effort before exiting the PBOC in 2018 to join the Securities Regulatory Commission. On Friday, state-run news agency Shanghai Securities News, reported :   “ Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of dis...

SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million. Meanwhile, Bitbot , a non-custodial Telegram trading bot, is on the verge of hitting $3 million in its presale. Let’s delve into the details of these developments. SEC’s charges against Geosyn Mining and its co-founders According to the SEC’s complaint , filed in a federal court in Texas, Geosyn raised approximately $5.6 million from over 60 investors between November 2021 and December 2022. According to the U.S. SEC, the company allegedly misled investors by falsely claiming to purchase, mai...

The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the tokenized assets niche. Franklin Templeton maintains a 32% market share. In a move that marks a significant advancement in the realm of digital asset management, Franklin Templeton has announced the tokenization of its US Government Fund on the Polygon and Stellar blockchains. By embracing blockchain technology, Franklin Templeton aims to enable peer-to-peer transfers for shares in its Franklin OnChain United States Government Money Fund (FOBXX) using BENJI token. One BENJI security token is a share of the Franklin OnChain U.S. Government Money Fund recorded on a public blockchain and it is currently available on Polygon and Stellar. Franklin Templeton competing with BlackRock Franklin Templeton’s initiative comes amidst a competitive landscape, with BlackRock’s new...

Shiba Inu unveils Shibarium plans including upgrades to ShibaSwap and the introduction of TREAT token. Kangamoon blends meme culture and Play-to-Earn using $KANG token. Ongoing Kangamoon presale has raised $5,727,717.801 with 67.9% tokens sold. Shiba Inu (SHIB) has set its sights on groundbreaking developments within the Shibarium ecosystem, unveiling a roadmap packed with ambitious projects and upgrades. Meanwhile, amidst the buzz surrounding Shiba Inu’s plans, Kangamoon emerges as a contender, capturing attention with its unique approach to meme culture and innovative features. Shiba Inu plans for the Shibarium ecosystem Shiba Inu , renowned for its vibrant community and ambitious projects, recently revealed its roadmap for the Shibarium ecosystem. This roadmap promises extensive improvements and developments spanning decentralized finance (DeFi), gaming, community engagement, and technical infrastructure. What's coming in 2024/2025 for #Shibarium ? – #Shibaswap (ver...

PANDA and MEW see price rally but face resistance resulting in pullbacks. Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum. Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage. In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community. However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment. Panda Swap (PANDA) price rally and pullback Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community. The token’s surge was fueled by anticipation surrounding its expected listing on MEXC exchange, which promised...

Key takeaways Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million. The presale price will increase to $0.018 in the next stage. The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone.  What is Bitbot? Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.   It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users.  Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios.  The cryptocurrency market has been recording e...

Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA). Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts. Chainlink , the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability. The Chainlink team said in a blog post that the official unveiling of CCIP in general availability means any developer can now integrate CCIP across all the supported blockchains. Permissionless access also means developers can use CCIP to transfer tokens, send arbitrary messages and data to smart contracts on supported networks. Chainlink CCIP has officially entered general availability. Now, all developers can integrate #CCIP across all supported blockchain mainnets in a faster, easier, and more self-serve manner than ever before. https://t.co/VBQEBQViye pic.twitter.com/pgg4q2X7GW — Chainlin...

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain . Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera. According to details in an announcement , the milestone follows Hedera Council member abrdn’s successful tokenization of its MMFs on Hedera last year. abrdn is the largest active wealth manager in the UK and its flagship tokenized funds marked a major milestone in the asset management industry. Today we witness #RWA history as @Black...

Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness. With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale ? Arthur Hays explains bull market setup and potential opportunities BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on crypto rebounding after the recent dip, noting that prices could “get sillier on the upside.” This, he argued i...

Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors. The payout process could commence as early as next month. All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event. Mt. Gox, once a major player in the cryptocurrency exchange scene, faced a devastating hack in 2014, leading to its collapse. Now, nearly a decade later, the defunct exchange is preparing to distribute a significant sum of digital assets including approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH) , amounting to over $9 billion in total, to creditors. This impending payout has prompted concerns among market observers, with K33 Research highlighting the possibility of a negative impact on the price of Bitcoin in a report released on Tuesday. According to the analysts, the influx of Mt. Gox coins into the market could create downward pressure on BTC valuation in the coming weeks. Possible implications ...

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) industry after Archax, a London-based digital asset exchange, broker and custodian, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain . Archax collaborated with the HBAR Foundation and the institutional-grade digital assets platform Ownera to bring the MMF to Hedera. According to details in an announcement , the milestone follows Hedera Council member abrdn’s successful tokenization of its MMFs on Hedera last year. abrdn is the largest active wealth manager in the UK and its flagship tokenized funds marked a major milestone in the asset management industry. Today we witness #RWA history as @Black...

INJ 3.0 went live on the mainnet today, Injective announced. Injective price rose slightly after the vote, hitting highs of $29.15. Injective (INJ) has announced that the INJ 3.0 upgrade is now live on the mainnet following a historic on-chain vote. According to the layer-one blockchain’s team, IIP-392 passed with the highest percentage of approval for such an upgrade, and Injective is now in a new era. “ INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pac e,” the L1 blockchain posted on X. INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto. Over the next two years, the supply of INJ will be decreased on an accelerated pace. A new era of Injective begins now. pic.twitter.com/oHOIZm2i3h — Injective 🥷 (@injective) April 23, 2024 Injective upgrade INJ 3.0 key t...