The crypto space is filled with smart money that has made millions of dollars overnight. This time, the crypto community’s attention has been drawn to a Solana trader who turned $10,000 to $10 million in under 24 hours. This development has the crypto community wondering what the next move this smart money might make. For those wondering, the ETFSwap (ETFS) token presale looks like the next likely step for this smart money, as the trader is expected to deploy some of their profits to a utility-based token like ETFSwap (ETFS). …
Day: April 25, 2024
Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto Fraud Targeting Muslims
Jabara Igbara, also known as “Jay Mazini,” who claimed to be a crypto millionaire on Instagram, was sentenced by U.S. District Judge Frederic Block to seven years in prison on wire fraud and money laundering charges. The sentence also requires Igbara to forfeit $10 million. Source
Aligned Layer Raises $20M From Hack VC, DAO5, L2Iterative, FinalityCap, and Others
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Morgan Stanley brokers could soon pitch Bitcoin ETFs to clients, insiders say
Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that brokers do not explicitly advise investing in Bitcoin ETF. Customers would have to reach out to their advisors at the brokerages. As a part of the policy change, the bank is establishing a groundwork for solicited purchases. This will be accompanied by risk tolerance requirements, alongside limits placed on allocation…
Crypto liquidations cross $210m with longs accounting for 85%
The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered a blow from the recent turbulence, which has triggered a 4% drop in the price of Bitcoin (BTC) in the last 24 hours. Specifically, 92,298 traders have witnessed liquidations worth $210.26 million in long and short positions. Crypto liquidations map – April 25 | Source: Coinglass The bulk of these…
Analyst Predicts $0.47 Price Target
Stellar (XLM), a prominent player in the digital asset landscape, is experiencing a surge in optimism as analysts forecast a significant price increase in the near future. The cryptocurrency, currently priced at $0.1126, has demonstrated stability amidst market fluctuations, attracting investor interest and propelling a potential bullish trend. Source: Coingecko Stellar Breaks Out Of Technical Pattern This newfound optimism stems from a recent technical breakout. XLM successfully emerged from an Ascending Triangle pattern, a bullish indicator that often precedes price surges. This breakout was further bolstered by a retest of…
Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC – Blockchain News, Opinion, TV and Jobs
Paris, France, April 25th, 2024, Chainwire Prize pool of over 1M€ value including media grant from Cointelegraph Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet 10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris In a ground-breaking shift from traditional pitch competitions, Proof of Pitch emerges as a transformative platform uniquely combining Artificial Intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch participants will showcase their presentation to an exclusive audience of…
Pushd Stage 6 presale attracts Ethereum and Bitcoin holders
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid volatility in the major cryptocurrencies, Pushd’s Stage 6 presale is drawing significant interest from Ethereum and Bitcoin investors looking for promising returns. The crypto market has been experiencing volatile movements, especially among its major players—Bitcoin and Ethereum. However, savvy investors are using this opportunity to invest in Pushd, a new introduction to the crypto world. Ethereum goes through a consolidating period Earlier this month, Ethereum fell to the…
Why Venice Is Charging Visitors an Access Fee
Venice, the historic Italian city known for its canals, would like to draw a balance between its residents who live there and help to keep the place running and its visitors, an important source of economic revenue but increasingly also a burden on social services and the livability of the city. In recent years, the balance has shifted: in the 1970s, Venice had some 175,000 residents; as of last year, its population dipped below 50,000—and the number of tourist beds outnumbered residents for the first time. Venice attracts about 20…
BlackRock IBIT ETF logs first zero-inflow day since US Bitcoin ETF launch
BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were launched in the United States in January. Since its start on Jan 11, IBIT has continuously drawn millions of dollars in daily investments, totaling approximately $15.5 billion in just 71 days. However, BlackRock’s inflow run ended on April 24, when it recorded $0 inflows. Bitcoin ETF Flow (US$ million) – 2024-04-24 TOTAL NET FLOW: -120.6(Provisional data) IBIT: 0FBTC: 5.6BITB: 0ARKB: 4.2BTCO: 0EZBC: 0BRRR: 0HODL: 0BTCW: 0GBTC: -130.4DEFI: 0 For all the data &…