Cardano Blockchain founder Charles Hoskinson reminded the cryptocurrency community of digital currencies’ true purpose and ethos in a sentimental April 25 X post, emphasizing that their use case extends far beyond trading. Hoskinson drove his point home with a powerful quote from the 1938 song “I Don’t Want to Set the World on Fire” by...
Monolithic Blockchain firm Movement Labs secured $38 million in Series A funding from Polychain Capital on April 25. The investment will support Movement Labs’ mission to introduce Facebook’s Move Virtual Machine to the Ethereum ecosystem. According to co-founder Rushi Manche, the $38 million capital raise underscores the immense potential investors see in Movement Labs’ ability...
Eternal gold bug Peter Schiff’s Bitcoin take isn’t good. He had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support. The popular economist and financial commentator tweeted that it’s “a long way down” if Bitcoin’s price drops below $60,000 again....
A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, domestic media outlets reported on April 25. Per Segye Ilbo, Gwangju District Court’s Criminal Division sentenced an unnamed prosecution investigator (aged 56) in the city of Mokpo to a year in prison. The court heard that the prosecutor took...
The United States Securities and Exchange Commission (SEC) initiated a new phase of discussions on April 24 regarding a proposed rule alteration for the trading of options on Bitcoin exchange-traded funds (ETFs) while also inviting public input on the matter. Multiple exchanges are looking to trade options on the newly approved spot bitcoin ETFs, though...
Silicon Valley-based venture capital firm a16z Crypto, the crypto arm of Andreessen Horowitz, issued a stern warning on April 25 to startup founders considering token sales in the United States. The advisory comes amidst growing regulatory scrutiny and enforcement actions by the US Securities and Exchange Commission (SEC). “The SEC argues that nearly every token...
A drop below these could intensify bearish trends. The Relative Strength Index (RSI) stands at 38, suggesting that Bitcoin is nearing oversold conditions, while the 50-day Exponential Moving Average (EMA) at $65,223 serves as near-term resistance. Overall, Bitcoin’s market stance appears bearish below the pivot point of $65,825. Unlock Cryptocurrency Rewards: Join the 99Bitcoins Presale...
The US Federal Bureau of Investigation (FBI) has issued a warning to Americans regarding the use of crypto money-transmitting services that are not registered as Money Services Businesses (MSBs) in accordance with United States federal law. These laws, outlined in 31 USC § 5330 and 31 CFR §§ 1010 and 1022, mandate adherence to anti-money...
The infamous “Buy Bitcoin” sign held up by Christian Langalis during Federal Reserve Chair Janet Yellen’s Congressional testimony in 2017 has been sold for a staggering $1 million. Langalis, also known as the “Bitcoin Sign Guy” auctioned off the Bitcoin sign sketched on a yellow legal pad between April 18-24, 7 pm ET. The final...
The open-sourced decentralized blockchain platform Tezos Foundation has partnered with Magic to enhance the onboarding process for decentralized applications (dApps). According to a press release shared with Cryptonews.com, the partnership will leverage Magic’s wallet solutions and Tezos’ blockchain to streamline the user experience, focusing on simplifying processes for web3 applications. "For the past 12 months,...