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Scammers are once again capitalizing on the popularity of Elon Musk’s artificial intelligence chatbot Grok, with fake tokens again emerging as part of potential phishing attacks. A wallet linked to former Binance CEO Changpeng “CZ” Zhao received 90 million fake Grok (GROK) tokens on April 21, according to blockchain security firm PeckShield. The tokens are …
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What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days of cryptocurrency, with developers aiming to create a reliable store of value. Each gold-backed stablecoin represents a …
Continue reading “Gold-backed vs USD-backed stablecoins: Key differences”
Major cryptocurrency firms, including stablecoin issuer Circle and crypto custodian BitGo, are reportedly considering applying for bank charters or licenses. According to an April 21 Wall Street Journal report citing people familiar with the matter, Circle, BitGo and other firms are considering applying for some form of banking license. Other firms cited include the publicly …
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Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, added another major purchase to its growing portfolio as the cryptocurrency trades near $85,000. Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price of $84,785 per coin, the firm announced in its latest Form 8-K filing with …
Continue reading “Michael Saylor’s Strategy bagged 6,556 Bitcoin for $555.8M last week”
Telegram CEO Pavel Durov has expressed concerns over the growing threat to private messaging in France and other European Union countries, warning that Telegram would rather exit certain markets than implement encryption backdoors that undermine user privacy. In an April 21 post to his “Du Rove’s channel” on Telegram, he posted an alarming message about the EU’s …
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Crypto casinos generated more than $81 billion in revenue in 2024, even as regulators in key jurisdictions continued to block access to the platforms, according to a new report. Citing data from the anti-online-crime platform Yield Sec, the Financial Times reported that wagers paid in crypto in 2024 generated $81.4 billion in gross gaming revenue …
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Investors seeking Bitcoin exposure may be running out of time to purchase below a six-figure price, as US Treasury buybacks may signal the next leg up for the world’s first cryptocurrency. This might be the “last chance” to buy Bitcoin (BTC) below the $100,000 mark, according to Arthur Hayes, co-founder of BitMEX and chief investment …
Continue reading “Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes”
The Ethereum Foundation, the nonprofit organization developing the Ethereum ecosystem, is shifting its focus to user experience and layer-1 scaling challenges following its recent leadership reshuffle. On April 21, the Ethereum Foundation co-executive director Tomasz Stańczak shared an X post detailing how the organization has changed since its change in leadership structures. Stańczak said the …
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Bitcoin (BTC) is eyeing new April highs as macro instability suddenly delivers a tailwind for BTC price performance. Bitcoin is on the way up, nearing $88,000, but few market participants are willing to trust the strength of snap price moves. A new macro week dawns in the shadow of the US trade war, with Federal …
Continue reading “US dollar goes 'no-bid' — 5 things to know in Bitcoin this week”
Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase. Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of …
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