AI-powered education group Genius Group has revealed that it is being compelled to sell off its Bitcoin reserves following a restriction imposed by the US District Court (Southern District of New York), which prevents the company from raising money, issuing stock, or investing investor funds in BTC. Its chief exec now claims that court orders […]
Binance founder Changpeng ‘CZ’ Zhao has signed a memorandum of understanding (MoU) with the Kyrgyz Republic’s National Investment Agency (NIA). The main objective behind the latest strategic partnership is to develop the country’s cryptocurrency and blockchain ecosystem. The agreement, which was announced on April 3 by Kyrgyz President Sadyr Zhaparov, outlines plans for collaboration in […]
The crypto market is navigating turbulent waters as it attempts to rebound from the shockwaves caused by President Donald Trump’s newly imposed global tariffs. While traditional markets initially saw investors fleeing to gold and silver, pushing the former to a record $3,168, digital assets are now showing slight signs of recovery, with Solana (SOL), Ethereum […]
Ethereum’s Pectra upgrade has now been scheduled to go live on the mainnet on May 7, 2025. The announcement was made during a call held by the blockchain’s core developers on April 3. Technical Challenges Pectra is one of Ethereum’s most significant upgrades since the network’s transition to a proof-of-stake consensus mechanism in 2022. It […]
Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion. This week’s event is more modest than average and much smaller than last week’s massive end-of-month and end-of-quarter expiry event. The impact on spot markets is likely to be minimal as spot traders are […]
Two Democratic legislators have requested the U.S. Securities and Exchange Commission (SEC) to preserve and disclose records related to World Liberty Financial (WLFI). In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters raised concerns about potential conflicts of interest arising from the Trump family’s involvement in the project. Concerns Over Trump Family’s […]
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next stages of approval into law. The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act was passed with a 32 to 17 vote. […]
Crypto markets have tanked around 4% over the past few hours, with total capitalization falling to a three-week low of $2.74 trillion. Around $150 billion left spot markets while almost 170,000 traders were liquidated, with total liquidations exceeding $500 million, according to CoinGlass. Bitcoin prices tanked more than 6% from an intraday high of $87,790 […]
Ye Zhang, co-founder of Layer 2 smart contract platform Scroll, has sharply criticized proposals to impose fees on Ethereum Layer 2 solutions. In a series of tweets on X, the exec called “tarriffing Layer 2s” “one of the most toxic ideas” for the blockchain’s future. Ye Zhang Opposes L2 Fees Zhang argued that such a […]
In an ironic twist of fate, the hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen victim to another scam. The suspected criminal claimed in an on-chain message that they lost 2,930 ETH, worth about $5.4 million, while trying to launder the stolen funds through Tornado Cash. The zkLend Hack zkLend also confirmed […]