In the wake of Bitcoin (BTC/USD) rebounding from a crucial $65,000 support level, the market is buzzing with speculation about its next move. With BTC surpassing the $69,000 threshold amid preparations for the imminent halving event, investors are keenly assessing the potential impact on its value. This analysis delves into the factors influencing Bitcoin’s price...
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen, as per a Nikkei report. The bank says it is experimenting with the possibility of issuing its yen-backed stablecoin as a form of payment...
The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed. The comments came from Chung Seok-moon (also known as Peter Chung), the head of the Presto Research Center, in an interview with the newspaper Hanguk Kyungjae. ‘Real BTC Bull Run’ on Its Way? Chung is the former...
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28. Reinstating borrowing capabilities on Prisma hinges upon achieving consensus through an ongoing community vote. Prisma Finance Exploited for $10 Million: Recovery Efforts and...
Cryptonews Podcast host Matt Zahab recently sat down for a chat with Matt Duea, co-founder of the popular betting brand Roobet. Duea talked about the natural connection blockchain and crypto have with the gaming and betting worlds, and how he came to co-found Roobet. He explained the difference between Web2 and Web3 gambling, touched upon...
The ongoing conflict between Ripple Labs and the SEC centered on the XRP lawsuit intensified on Wednesday, with Ripple’s Chief Legal Officer Stuart Alderoty accusing the SEC of failing to provide clear guidelines for crypto regulation. The statement was made in response to SEC Director of Enforcement Gurbir Grewal’s Tuesday speech, which cited the year-long XRP...
Binance announced on April 4 that it will suspend Bitcoin Ordinals trades and deposits from April 18, 2024. The exchange has then advised the holders of the Bitcoin-based non-fungible tokens (NFTs) to withdraw their assets from the trading platform NFT marketplace before May 18, 2024. Binance did not disclose the reason behind the suspension of...
Ant Group’s Web3 security solutions provider ZAN has become a validator on Core Chain – EVM-compatible blockchain secured on Bitcoin. The strategic partnership with validators reinforces blockchains’ security and decentralization, Core Foundation told Cryptonews via mail. Core Foundation that aims to create a secure and decentralized ecosystem for dApps, has become one of the first...
Crypto.com is expanding its global presence by launching its app in South Korea, slated for April 29. Following regulatory approvals, Crypto.com officially announced that its app will launch in South Korea, granting retail customers access to trade over 150 cryptocurrencies and explore exclusive non-fungible token (NFT) projects. https://t.co/vCNztATkNg App is going live in South Korea...
In a recent development, renowned blockchain investigator ZachXBT has been appointed one of four custodians for a multisig wallet holding the hacked user funds of the GameFi protocol Munchables. We’re on the final steps with the lockdrop refunds. As part of our next phase, we have restructured the team completely. We have brought in established...