Billion-Dollar Bank Paying $700,000 Penalty for Illegally Freezing Accounts, Transferring Customers’ Cash to Debt Collectors (4/29/2024)
New York’s Attorney General is penalizing a national bank for freezing its customers’ accounts and handing the funds over to debt collectors. New York AG Letitia James says an investigation by the Office of the Attorney General (OAG) found that South
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Trader Turns Bullish on Toncoin (TON), Updates Outlook on One Blue-Chip ‘Dark Horse’ Altcoin (4/29/2024)
A closely followed crypto trader is turning bullish on Toncoin (TON) and says one large-cap altcoin is setting up to be the “dark horse” of the market cycle. Pseudonymous trader Loma tells his 303,000 followers on the social media platform
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Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa (4/29/2024)
Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market.
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Tron Founder Justin Sun Accumulates Over $559,000,000 in Ethereum (ETH) Amid Crypto Correction: Lookonchain (4/29/2024)
New data from blockchain-tracking service Lookonchain reveals that the founder of Tron (TRX) is gobbling up hundreds of millions of dollars worth of Ethereum (ETH) as the crypto market goes through a correction. In a new thread on the social
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Filipinos face higher fees after Binance ban (4/29/2024)
Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry.
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Worst month since 2022 bear market? 5 things to know in Bitcoin this week (4/29/2024)
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.
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Top Analyst Says Bitcoin Looks Incredibly Strong Even if BTC Witnesses Correction to $52,000 – Here’s Why (4/29/2024)
An analyst who rode the 2023 crypto breakout believes that Bitcoin’s bull market will remain “incredibly strong” even if BTC plummets to $52,000. In a new strategy session, pseudonymous analyst DonAlt tells his 59,100 YouTube subscribers that a 30% correction
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Lido Finance hits 1M validators, fueling the growth of DeFi (4/29/2024)
Lido, the largest liquid staking protocol, controls over 28.5% of all staked Ether, as liquid staking remains the largest DeFi protocol category.
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Dubai does for crypto what Silicon Valley did for tech — Gov’t affairs firm CEO (4/29/2024)
NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity.
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What are blockchain rollups? (4/29/2024)
Unlock the full potential of blockchain with rollups, the ultimate scalability solution for faster, more affordable transactions.
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Thai regulator cracks down on deceptive crypto ads (4/29/2024)
Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments.
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JPMorgan Chase CEO Warns Multiple Headwinds Threaten US Economy, Urges Investors To Avoid ‘False Sense of Security’ (4/29/2024)
JPMorgan chief executive Jamie Dimon is warning against becoming complacent as he believes it is within the realm of possibility for the US economy to witness a severe downturn next year. In a new interview with the Wall Street Journal
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Bitcoin top $70K or $210K? Analysts, price models clash over BTC cycle peak (4/29/2024)
Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory.
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Australia’s top exchange may approve spot Bitcoin ETFs this year: Report (4/28/2024)
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew.
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Weekend Wrap: Bitcoin Hilton opens next year, BlackRock ETF 3 days of nil and more (4/28/2024)
The 80-room Hampton by Hilton hotel in El Salvador — funded with Bitcoin layer-2 tokenized bonds — will be fully operational by mid-2025.
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Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market (4/28/2024)
Bitcoin and ether trade lower as Asia begins its business week. There are mixed bullish and bearish market signals as the week begins. Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk
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Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block (4/28/2024)
The solo miner netted around $200,000 in rewards for validating block 841,286.
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DOJ’s Tornado Cash arguments show ‘obvious disdain for privacy’ — Lawyer (4/28/2024)
DeFi Education Fund’s legal chief said the prosecutors’ arguments against Roman Storm’s motion to dismiss were “filled with technical inaccuracies.”
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6-month low Ethereum fees suggest altseason is inbound — Santiment (4/28/2024)
The Ethereum network had its cheapest day in over six months, which could suggest altcoins could rally “sooner than many may expect.”
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Most Altcoins in ‘Historic Position’ to Rally As Traders Realize Heavy Losses Over the Past Month: Santiment (4/28/2024)
Analytics firm Santiment says the majority of altcoins look set to ignite rallies after a month-long crypto correction. Santiment says that the ongoing marketwide pullback has driven many altcoin traders to unload their stacks and incur heavy losses. “According to
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Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat (4/28/2024)
Japan’s current government, led by Prime Minister Fumio Kishida, has championed Web3 development and regulation. Kishida faces party leadership elections in September as the ruling Liberal Democratic Party (LDP) grapples with record-low support, potentially spelling uncertainty for the future of
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Bitcoin’s range-bound action puts eyes on NEAR, AR, CORE and BONK (4/28/2024)
Bitcoin’s range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK.
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Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M (4/28/2024)
April 28: Natix , driver-led DePIN powered by AI cameras, has secured $9.6 million in funding in a new round spearheaded by Borderless Capital, co-led by Tioga Capital with angel investors from Bitget, Figment and Crypto Banter, according to the
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Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information (4/28/2024)
A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers’ sensitive personal information and suffering a massive data breach. SouthState Bank, which has over $45 billion in assets, is being hit with a
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Crypto Trader Says Bitcoin Presenting ‘Generational’ Opportunity, Unveils Bull Market Price Target for BTC (4/28/2024)
A closely followed crypto strategist thinks that Bitcoin (BTC) is presenting a golden opportunity to long-term holders. Pseudonymous analyst Inmortal tells his 212,900 followers on the social media platform X that he sees Bitcoin rallying to a fresh all-time high
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Sam Altman’s OpenAI reportedly in partnership talks with his other firm, Worldcoin (4/28/2024)
The potential partnership comes amid increased regulatory scrutiny for both companies.
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Crypto Exchange Executives and 29 Other People Accused of Running $24,560,000 Fraud Scheme in Taiwan: Report (4/28/2024)
Authorities in Taiwan are reportedly accusing crypto exchange executives and dozens of others of running a multimillion-dollar crypto scam. According to a new report by the Taipei Times, prosecutors are charging 32 people with fraud allegedly related to the ACE
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Former Wells Fargo Executive Pays $40,000 Fine, Exits Banking Industry After Allegedly Misleading Customers and Falsifying Documents (4/28/2024)
A former Wells Fargo senior manager just agreed to pay a $40,000 fine and turn his back on the banking industry. The Office of the Comptroller of the Currency (OCC) is issuing a consent order against ex-Wells Fargo operations senior
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Europe needs ‘Airbus for the metaverse’ to become global Web4 leader (4/28/2024)
Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.
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DOJ Counters Tornado Cash Developer’s Motion To Dismiss – Details (4/28/2024)
The US Department of Justice has released a rebuttal to Tornado Cash developer Roman Storm’s motion to dismiss the criminal charges levied against him by the government. In a filing submitted on Friday, the DOJ rebuffed several arguments made by
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