Author: Puskar Pande
Navigating Regulatory Risks: a16z Crypto Advises Against U.S. Token Sales
In a recent advisory, Silicon Valley-based venture capital firm a16z Crypto, the crypto arm of Andreessen Horowitz, issued a stark warning to startup founders eyeing token sales in the United…
SEC Initiates Discussions on Proposed Rule Change for Bitcoin Trading Options
The United States Securities and Exchange Commission (SEC) has embarked on a new phase of deliberations as of April 24 concerning a proposed modification to the rules governing options trading…
Charles Hoskinson Reaffirms Cryptocurrency’s Foundational Values Beyond Trading
Cardano blockchain visionary Charles Hoskinson recently took to social media to emphasize the intrinsic purpose of cryptocurrencies, moving beyond mere trading. In an emotionally resonant post on April 25, Hoskinson…
Navigating Meme Coins: Insights from Andreessen Horowitz CTO
Eddy Lazzarin, the Chief Technology Officer (CTO) at Andreessen Horowitz, recently drew parallels between meme coins and “risky casinos,” shedding light on the potential pitfalls associated with these speculative assets….
The sixth-most expensive item ever, CryptoPunk, is sold for 4,000 ETH ($12.41 million)
On Thursday, the sixth-most costly CryptoPunk NFT sale took place. According to the CryptoPunks sales page, CryptoPunk #635 sold for 4,000 ETH, or $12.41 million, on April 25. The seller…
USDT currency balance rises to its highest point in a year
Exchanges are storing more USDT, or Tether,. Earlier this month, the 7-day moving average of the change in USDT held by exchanges hit $568 million, the highest level in a…
Fireblocks adds 200 million institutional wallets to its security tool
A new wave of institutional investment and detail acceptance in decentralized finance has occurred after spot Bitcoin (BTC) ETFs were introduced into U.S. markets and cryptocurrency values began to rise…
Stacks Introduces the Nakamoto Update to Boost Bitcoin L2 Capabilities
On April 22, 2024, Stacks, an L2 protocol that expands the blockchain’s functionality and addresses the scalability issues with Bitcoin, began its Nakamoto update. With the help of Bitcoin’s robust…
There are already over 1,000 bitcoin ATMs in Australia: Report
With 1,008 Bitcoin ATMs operating in its network, Australia currently accounts for 2.7% of all cryptocurrency ATMs worldwide. With 31,179 crypto ATMs and 82.8% of the worldwide market, the United…
There are now nine blockchains supported by Chainlink’s Cross-Chain Interoperability Protocol
There are now nine blockchains supported by Chainlink’s Cross-Chain Interoperability Protocol. With the release of its Cross-Chain Interoperability Protocol (CCIP), which is now compatible with a greater number of blockchains,…
Decline in Ethereum DEX Traders Signals Market Slowdown
The number of traders on decentralized exchanges (DEXs) within the Ethereum ecosystem has witnessed a notable decline, reaching its lowest level since February. From over 95,000 traders at the beginning…
Bitcoin Miner Revenue Holds Firm Post-Halving
The recent Bitcoin halving event, occurring on April 19, has brought significant attention to the cryptocurrency market. Historically, the halving, which reduces the reward for mining a Bitcoin block by…
Tevaera Secures $5 Million Investment Led by Laser Digital and Nomura Group
Tevaera, a web3 gaming firm operating on the Ethereum Layer 2 zkSync Era, has successfully raised $5 million in seed and private financing. The funding round was co-led by Laser…
Anticipating Market Moves: Analysis of Cryptocurrency Options Expiry on Deribit
This Friday, Deribit, a major derivatives exchange, is witnessing an impending expiration of cryptocurrency options, with a staggering total worth exceeding $9.4 billion. The bulk of this value is represented…
Alleged Money Laundering: Samourai Wallet Co-founders Arrested and Charged
Two co-founders of the cryptocurrency mixing service Samourai Wallet, CEO Keonne Rodriguez and Chief Technology Officer William Lonergan Hill, have been apprehended and charged by the Department of Justice (DOJ)…
Bitcoin’s Issuance Rate Falls Below Gold’s Following Fourth Halving: Glassnode Analysis
Bitcoin’s recent fourth halving event has triggered a significant milestone, with analyst firm Glassnode suggesting that the digital currency has now surpassed gold in terms of issuance scarcity. During the…
Block Unveils Cutting-Edge Bitcoin Mining Chip for Decentralized Operations
Block, a digital payments firm co-founded by Jack Dorsey, has achieved a significant milestone in the realm of cryptocurrency mining technology. The company announced the successful development of a three-nanometer…
Binance Announces Listing of Renzo Token REZ on Launchpool
Binance, a leading cryptocurrency exchange, has unveiled plans to list REZ, the governance token associated with the liquid restaking protocol Renzo, as part of the token’s distribution strategy. The integration…
Binance Launches Spot Copy Trading Feature to Enhance User Experience
Binance, the world’s leading cryptocurrency exchange, is introducing a new spot copy trading tool, allowing users to mimic the trading strategies of top traders automatically. This innovative feature, set to…
ViaBTC Initiates Auction for “Epic Sat” Following Bitcoin Halving Block
Cryptocurrency mining pool ViaBTC has commenced an auction for the esteemed “epic sat” after successfully mining Bitcoin’s fourth halving block and allocating 40.75 BTC ($2.6 million) in rewards. The auction,…