Day: April 25, 2024

a16z Executive Criticizes Meme Coins as “Risky Casino”

In a series of candid statements on Twitter, Eddy Lazzarin, Chief Technology Officer at Andreessen Horowitz (a16z), expressed serious concerns about the impact of meme coins on the cryptocurrency landscape. Labelling them as a “risky casino” and a collection of “false promises,” Lazzarin warned about the potential damage these tokens could inflict on the broader […]

Epic Satoshi Fetches Over $2 Million at Auction

In a landmark event within the cryptocurrency world, the first satoshi mined after last week’s Bitcoin halving was auctioned off for a whopping 33.3 Bitcoin, equivalent to approximately $2.13 million. This historic satoshi, referred to as an “epic sat,” was mined by the Bitcoin mining pool ViaBTC and was auctioned on the cryptocurrency exchange CoinEX. […]

CryptoPunk NFT Fetches $12.38M in Record Sale

The NFT market witnessed another monumental transaction as CryptoPunk #635, one of the rare Alien Punks, was sold for a staggering $12.38 million worth of Ethereum. This sale continues the trend of high-value trades within the iconic 10,000-piece Ethereum NFT collection, CryptoPunks. Crypto art brokerage Fountain facilitated this transaction early Thursday, with the prized NFT […]

Gaming Crypto Tokens Take a Dive with Bitcoin

As the cryptocurrency market experiences fluctuations, gaming-centric tokens are demonstrating extreme volatility, particularly impacted by the recent downturn in Bitcoin’s price. Bitcoin, the bellwether for the broader crypto market, saw a 2% drop early Thursday, falling to $63,600 and marking a 10% decrease over the last 30 days. In the gaming sector, which is still […]

U.S. Nears Finalization of Stablecoin Legislation

In a significant development for the cryptocurrency sector, U.S. House Representative Maxine Waters (D-California) has indicated that a pivotal stablecoin bill could soon reach its final form. The prominent Democrat on the House Financial Services Committee expressed optimism about the legislation’s progress, stating, “We are on our way to getting a stablecoin bill in the […]

New EU Rules Tighten Crypto Due Diligence

The European Parliament recently voted to implement new regulations that will significantly alter the landscape for crypto-asset service providers (CASPs) and enhance anti-money laundering efforts across the sector. The legislation, adopted on Wednesday, mandates enhanced due diligence measures and rigorous identity checks for customers, particularly impacting crypto asset managers and centralized crypto exchanges. Under the […]

Bitcoin’s Bold Climb to $150,000 Forecasted

Despite a tumultuous backdrop of geopolitical tensions and economic shifts, Bitcoin’s trajectory remains ambitiously pointed upwards, with predictions from Standard Chartered forecasting a monumental rise to $150,000 per coin by the end of this year. This optimism comes amid a series of challenges, including higher Treasury yields, geopolitical strife in the Middle East, and a […]

U.S. Crackdown on Samourai Wallet Founders

U.S. authorities have intensified their scrutiny of cryptocurrency operations, specifically targeting the founders of Samourai Wallet, a Bitcoin mixing service. On Wednesday, Keonne Rodriguez and William Lonergan Hill were arrested and charged with operating a platform that allegedly facilitated over $100 million in money laundering transactions linked to illicit dark web activities. According to the […]