This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.
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Snowden goes after Bitcoin devs, Elon Musk and puppy killers in X flurry
His commentary touched on the zkSnacks shutdown, free speech and the proper treatment of farm animals.
Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.
Losses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance Redefined
The amount stolen through crypto hacks and the number of successful attacks sharply declined in April.
SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF
The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24.
Australian court rules against Qoin issuer BPS Financial on 4 charges
Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC.
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
The MicroStrategy executive speculated that the SEC would consider Ether, BNB, SOL, XRP and ADA unregistered crypto asset securities.
Bitcoin traders set six-figure price targets after BTC reclaims $61K
Analysts forecast a Bitcoin run above $100,000 now that BTC reclaimed the $61,000 level.
CFTC commissioner wants to create AI fraud task force
Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer.
Bitcoin enters ‘new era’ as whales scoop up over 47K BTC during price pullback
Bitcoin whales have added over $2.9 billion worth of BTC, which helped it recover above the $60,000 mark, but can Bitcoin price close the week above $60,000?
Venture capital pours $2.4B into crypto startups in early 2024
Investments in the first quarter were influenced by innovation in areas like restaking, modularity, Bitcoin layer-2 solutions, and macroeconomic factors.
How to determine crypto cost basis for accurate tax filings
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards.
Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
Bitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows.
USDC overtakes USDT: Compliance is key to stablecoin dominance
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market.
Trader loses $68M in address poisoning scam
The attack caused the unknown trader to lose over 97% of their crypto holdings.
Vested crypto tokens worth over $3B to be unlocked in May
Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks.
Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K
Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000.
Biggest Friend.tech whale dumps tokens as users struggle to claim airdrop
The largest Friend.tech whale has sold all their holdings, causing the new token to fall over 50% in value while other users can still not claim the airdrop.
Community split on ENS petition against Unstoppable Domains patent
Some crypto community members argued against the petition, while others supported ENS’ move against Unstoppable Domains.
Crypto exchanges to meet Nigerian SEC chief for regulatory talks
The meeting is expected to ignite positive changes that benefit all crypto stakeholders in Nigeria and internationally.