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,...
The Relative Strength Index (RSI) at 38 indicates that Bitcoin is nearing oversold territory, suggesting that there could be a buying opportunity if sentiment shifts positively. The 50-Day Exponential Moving Average (EMA) at $65,223 provides near-term resistance, indicating a bearish trend unless BTC can sustainably break above the pivot point. Unlock Cryptocurrency Rewards: Join the...
Chainlink Labs director of capital markets Ryan Lovell said traditional finance is not the best use case for tokenization, but real-world data is. Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential market size in the hundreds of trillions of dollars. 1/ The tokenized RWA opportunity is measured...
Bitcoin core developer Luke Dashjr criticized the Runes protocol in a Friday X post, suggesting it exploits a fundamental design flaw within the Bitcoin blockchain network. In his post, Dashjr highlighted the contrasting nature of Ordinal Inscriptions and the Runes protocol in their interactions with the network. Ordinals exploits vulnerabilities. Runes merely exploit design flaws....
Zach Bruch, the Founder and CEO of online crypto casino MyPrize, sat down with Cryptonews Podcast’s Matt Zahab for a comprehensive interview. He talked about MyPrize emerging from stealth and already onboarding nearly 100,000 users. Bruch also discussed why online casinos are a perfect vehicle for bringing more people into the crypto space. Moreover, the...
A concerted effort to crack down on the use of cryptocurrencies in the buying and selling of child sexual abuse material (CSAM) is underway in the United States, spearheaded by Senators Elizabeth Warren and Bill Cassidy. The senators are asking federal agencies about their technical capacity to combat crypto payments in the sale of child...