UK Recovery From Recession Gains Momentum as PMI Beats Forecast  Bloomberg

Paypal plans to reward Bitcoin mining firms who take steps to reduce the environmental effects of their operations. PayPal’s Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions, has proposed utilizing “cryptoeconomic incentives” to encourage Bitcoin miners…

DOGE co-creator has commented on the shattered expectations of those who expected Bitcoin to spike immediately after the halving

Sasol Slumps After Flagging Disruptions at South African Sites  Bloomberg

Six Small Ways to Turn Climate Anxiety Into Positive Action  Bloomberg

In a strategic move reflecting its evolving identity and commitment to the cryptocurrency community, CZOL, formerly known as CZolana, is excited to announce its official rebranding along with the launch of a significant airdrop campaign. This initiative aims to deepen community engagement and honor the indelible impact of Changpeng Zhao (CZ) on the cryptocurrency landscape. [...] The post CZOL Unveils Rebranding and Launches Exclusive Airdrop to Honor Crypto Community appeared first on Blockonomi.

Canaan executives seek to buy at least $2 million in company shares  The Block

Ki Young Ju, founder and CEO of CryptoQuant, has noted the holdings of new whales far outweigh the holdings of old whales

Amid ETF market growth, global investors are choosing Pushd's e-commerce presale over Fetch.ai, seeing its potential to reshape online shopping with blockchain technology. #partnercontent

The drop in Open Interest combined with the price trajectory of the past weeks showed that a downtrend was possible for ETH.

XRP millionaire addresses about to break all-time high after epic price spike

Solana memecoin pre-sales have rugged investors of over $25 million within the past month as more than 50% of the top projects were abandoned, with some never even launching a token. Solana Co-Founder Anatoly Yakovenko retained his negative stance on the phenomena, commenting, “Pre selling a meme doesn’t make any sense to begin with.” At […] The post Over 50% of pre-sold Solana memecoins abandoned within 1 month after $25 million raise appeared first on CryptoSlate.

Crypto whales appear to have 'forgotten' millions on bridges, Arkham finds  The Block

Over 9,000 people showed up for the Paris Blockchain Week attendees. The event was held at the Carrousel du Louvre. The fusion of classical art and modern cryptocurrency served as a focal point of the event BTCC Exchange made waves at Paris Blockchain Week with its innovative blend of Renaissance art and Bitcoin, captivating over […] The post BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees appeared first on CoinJournal.

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

Solana and Cardano face significant drops with 18% and 21% weekly losses, respectively, while Rebel Satoshi’s RECQ token gains momentum in its presale. #partnercontent

Right now, a fever is ramping up the cryptocurrency market: BEFE Coin is riding up the charts as the ultimate meme coin returns generator. The token brings something entirely new into play: a fusion of meme culture with aggravated investment potential, making it attractive to a very diversified demographic. Find out what makes BEFE a [...] The post BEFE Coin Craze: Why This MEME Coin Is the Ultimate Trending Darling appeared first on Blockonomi.

Amidst the Bitcoin post-halving event, the birth of new cryptocurrencies is on the rise. Investors are on the lookout for new altcoins and the next potential “Bitcoin”. This time people are looking for short-term noise and hype but assets that would provide real value and utility, bringing massive profits. A cryptocurrency that has shown up [...] The post Bitgert Coin Price Jumps on the Back of Exchange Growth Momentum appeared first on Blockonomi.

Ripple Labs has formally opposed the US Securities and Exchange Commission’s (SEC) proposition to levy a substantial fine of nearly $2 billion against the company linked to the XRP Ledger blockchain. Filed yesterday (Monday), Ripple's opposition challenges the SEC's proposal, which seeks to persuade a New York judge to impose the hefty penalty.Legal Battle Between Ripple and SECThe SEC's proposal outlines a fine totalling $1.95 billion, comprising $876 million for disgorgement, $198 million for prejudgment interest, and a civil penalty of $876 million. The basis for the SEC's case stems from allegations that Ripple Labs violated federal securities laws through its institutional sales of XRP. Notably, the court ruled in favour of Ripple on some fronts, dismissing parallel claims by the SEC regarding the legality of XRP sales on exchanges and through algorithms.Ripple's opposition document includes a redacted paragraph concerning its revenue from institutional sales, the income taxes it paid, and its incurred losses. Within this segment, Ripple asserts that it had no gains to disgorge, positioning it as a crucial argument in its defence against the SEC's proposed penalties. This article was written by Tareq Sikder at www.financemagnates.com.

TON has been in a state of a freefall after the recent partnership with Tether.

Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.

Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission's (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain.

The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.

singapore, singapore, April 23rd, 2024, Chainwire As a leading force in the cryptocurrency market, WEEX Exchange is poised to significantly elevate its ecosystem with the introduction of its exclusive proprietary token, the WEEX Token (WXT), scheduled for release this upcoming summer. What is WEEX: Introduction Since its establishment in 2018, WEEX has rapidly emerged as [...] The post WEEX Exchange Unveils WXT Token to Enhance Ecosystem and Reward Community Engagement appeared first on Blockonomi.

Bets on Old Economy Stocks Lift European Fund Above Its Peers  Bloomberg

Animoca Brands Japan, a subsidiary of Animoca Brands, has signed an Memorandum of Understanding with Square Enix to assist in the marketing of the upcoming game Symbiogenesis and its related NFT collection. Square Enix, known for high-profile games like Final Fantasy and Kingdom Hearts, will leverage Animoca’s experience in Web3 to facilitate Symbiogenesis’s overseas expansion, […]

Ripple outlined several important reasons why the proposed $2 billion fine from the SEC should be reduced to less than $10 million.

Shiba Inu hits a critical low at $0.000022, Avalanche faces a potential dip due to a death cross, while Borroe Finance defies market trends with its upward trajectory. #partnercontent

US Commander Warns China Is Fast Becoming More Aggressive in Region  Bloomberg

Akash Network and BITGTIME surge after listing on Korea-based Upbit Akash Network (AKT) and Big Time (BIGTIME) are leading the crypto market in gains today amid news of respective tokens listing on the largest exchange in South Korea. Per data from CoinGecko, Akash Network changed hands at highs of $6.74 earlier in the day, up […] The post Akash Network and BITGTIME surge after Upbit lists tokens appeared first on CoinJournal.

Binance's Rivals Muscle In on Bitcoin Trading Around the World  Bloomberg

The legal battle between Ripple and the SEC over allegations of illegal sale of cryptocurrencies has reached a crucial step as the long-awaited trial starts today (Tuesday). The SEC first accused Ripple Labs of offering unregistered securities in December 2020. Ripple's defense is based on the argument that its native cryptocurrency, XRP, should not be classified as a security. As the trial begins, the crypto sector is eagerly awaiting the outcome, which could have significant implications for the future of Ripple and the broader digital asset industry, CryptoPotato reported. A Prolonged Legal DisputeThis trial represents an important moment for both parties, as a federal judge will ultimately determine the outcome of the dispute. Despite facing legal challenges, Ripple has garnered some favorable rulings in the run-up to the trial, fueling optimism among its supporters.A favorable ruling for Ripple could boost investor confidence and pave the way for regulatory clarity surrounding XRP. However, a ruling in favor of the SEC could negatively impact Ripple, potentially resulting in regulatory sanctions. It could also cast doubt on the legitimacy of XRP as a digital asset.Recently, the SEC sought nearly $2 billion in fines and penalties from the crypto company, Finance Magnates reported. In a motion filed in court in New York, the SEC requested substantial fines and penalties totaling $1.95 billion from Ripple Labs. Despite initial charges against the firm's CEO and Co-Founder being dropped last October, the company faces scrutiny from the regulators.SEC Demands Financial TransparencyAdditionally, the SEC is pushing Ripple to provide financial statements for the years 2022 and 2023 and documents disclosing the sale of XRP to institutions. The securities watchdog argues that the presiding judge previously identified these sales as unregistered securities offerings. Besides that, the SEC wants a clarification on the proceeds from institutional sales.Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the regulator's tactics, accusing it of issuing false and misleading statements aimed at punishing Ripple and intimidating the broader crypto industry. While charges against Ripple's CEO and Co-Founder were dropped last October, the company continues to face scrutiny over its XRP sales. The latest motion filed by the SEC underscores the regulator's determination to hold Ripple accountable for alleged violation of securities regulations. This article was written by Jared Kirui at www.financemagnates.com.

The emergence of crypto casinos gave players an efficient and alternative way to enjoy their favorite games of chance. While this was cool at first, the growing popularity of cryptocurrencies has overrun the industry with countless crypto casino sites, many of which can’t be trusted. Now, many players have a hard time choosing the right […]

Germany Arrests Aide to Far-Right Party for Spying for China  Bloomberg

The Securities and Exchange Commission (SEC) of the United States is seeking $4.7 billion in disgorgement and prejudgment interest from bankrupt Terraform Labs and its co-founder Do Kwon. The regulator is further seeking civil penalties of $420 million from Terraform and $100 million from Kwon.The Regulator Seeks a Hefty SumThe regulator’s request for monetary recovery and penalties was revealed in a motion it filed last Friday with the US District Court for the Southern District of New York. The motion also seeks a ban on Kwon from serving as an officer or director of a securities issuer. He is also required to provide complete details of all his accounts and assets.Meanwhile, legal representatives of Terraform and Kwon have filed briefs for potential remedies in the civil case simultaneously, suggesting a maximum monetary penalty of $3.5 million from the company and $800,000 from Kwon.However, the court has yet to rule on the newly filed motion. In an earlier ruling, the US court found Terraform Labs and Kwon liable for fraud in the case brought by the SEC.The trial against Kwon in the US proceeded in his absence.“Defendants have not shown remorse for their conduct, nor can there be any doubt that they are in the position where additional violations are not only possible but likely are already occurring,” the motion by the SEC noted. “The Court should send an unequivocal message that this sort of brazen misconduct, and Defendants’ misbegotten attempt to excuse their behavior by crafting new rules and standards of behavior for crypto markets in contravention of the federal securities laws [...] will not be tolerated.”Kwon’s Fate Hangs in the BalanceKwon was known for building Terraform Labs. However, the two cryptocurrencies of the project, TerraUSD and Luna, collapsed in 2022, resulting in the wipeout of about $37 billion in value. The collapse of the algorithmic stablecoin triggered the shuttering and collapse of several other cryptocurrency companies.He disappeared immediately from public sight after the collapse of his company but was arrested in Montenegro last year while traveling with fake travel documents. Both South Korea and the United States have been trying to extradite him. Meanwhile, he was released from the Montenegro prison on bail due to some technical issues in the extradition ruling against him. This article was written by Arnab Shome at www.financemagnates.com.