Hong Kong introduces crypto staking rules, reaffirms Web3 commitment

Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto exchanges offering staking services. In an April 7 announcement, the SFC announced new guidelines for crypto exchanges offering staking services and locally authorized funds exposed to digital assets involved in staking. The announcement follows recent remarks from Christina Choi, the SFC’s executive …

Whale makes $14M Ether emergency deposit to avoid $340M liquidation

An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure. The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, …

How to use Render Network for decentralized GPU rendering

Key takeaways Render Network connects GPU owners with creators, allowing users to rent idle graphics power for AI training, 3D rendering and crypto-related projects. The RNDR token powers the ecosystem, enabling fast, transparent and decentralized transactions between creators and node operators. Decentralized rendering is more accessible and cost-effective than traditional centralized GPU services, solving issues …

Black Monday 2.0? 5 things to know in Bitcoin this week

Bitcoin (BTC) is turning back the clock this week as tariff mayhem drags BTC price action toward 2021. Bitcoin is giving up bull market support lines left and right as a new “death cross” completes on the BTC/USD daily chart. CPI week is firmly overshadowed by US trade tariffs and their increasingly global impact on …

The future of American dynamism depends on cryptography

Opinion by: Ismael Hishon-Rezaizadeh, co-founder and CEO of Lagrange Trade wars and proxy wars are underway in the current geopolitical power realignment, but the next phase won’t be fought with tariffs or drones. It will be decided by who leads in cryptography. Just as past industrial and technological revolutions in its private sector yielded the …

Trader stakes $0.05 of SOL for 3,000 years: Here’s what it’ll be worth in 5138

A crypto user has gone very long on Solana, staking a very small portion of the token for the next 3,000 years, according to blockchain analytics firm Arkham Intelligence. The unknown user staked $0.05 Solana (SOL) in 2023, and it will unlock in the year 5138, Arkham said in an April 5 post to X. …

Ethereum whale gets liquidated $106M on Sky amid crypto bloodbath

An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed.  The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his …

A defendant tried to use an AI avatar in a legal appeal. It didn't work

A defendant in a New York appeals court has been slammed by a judge for using an artificial intelligence avatar to represent himself in a recent case.  A New York appeals court faced an unusual situation in late March when Jerome Dewald, representing himself in an employment dispute, submitted an AI-generated avatar to present his …

Bitcoin hashrate tops 1 Zetahash in historic first, trackers show

The Bitcoin network hashrate has topped 1 Zetahash per second (ZH/s) for the first time in Bitcoin’s 16-year history, according to several blockchain data sources. Bitcoin’s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH/s, according to mempool.space data, while BTC Frame data said it hit 1.02 ZH/s a day earlier. …

Memecoin platform Pump.fun brings livestream feature back to 5% of users

Alon Cohen, co-founder of the Solana-based memecoin launchpad Pump.fun, is set to bring back live streaming on the platform — five months after suspending the feature after several incidents involving harmful content.  Posting on X on April 4, Cohen said the feature has returned with “industry standard moderation systems in place and transparent guidelines.” He …