Day: April 30, 2024

Solana Memecoin Hits $320T Market Cap, But There’s A Catch

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The Solana memecoin frenzy has made many investors score a home run or be out of the game this cycle. Traders are looking for new projects that could be the next hit while the market enters a new re-accumulation phase. Solana Memecoins’ New Strike Memecoins have been the narrative of this bull cycle. As a result, those who wanted to make big profits mainly invested in newly launched projects. While some have made millions by trading the week’s top gainers, others have lost significant amounts trying to climb the ladder.…

Stablecoin Bill Unlikely to Get Pinned to U.S. FAA Reauthorization, Putting Effort On Hold Again

U.S. lawmakers had been engaged this week in serious conversations about whether to jam a stablecoin regulation amendment onto the Federal Aviation Administration reauthorization legislation, which is approaching a deadline. Such efforts to use that bill for other business were rebuffed by leaders favoring a so-called clean bill, so the leading stablecoin negotiation between House Financial Services Committee Chair Patrick McHenry (R-N.C.) and its top Democrat, Rep. Maxine Waters (D-Calif.), will return to talks on a final deal, said the aide, who requested anonymity because the negotiations aren’t public. Source

‘Bitcoin Jesus’ Roger Ver arrested on $50m tax fraud

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According to an unsealed U.S. Department of Justice indictment, early Bitcoin investor Roger Ver was charged with tax evasion and arrested in Spain.  The Department of Justice (DOJ) indictment alleges that Ver promoted Bitcoin (BTC) and acquired the leading cryptocurrency through personal funds and two companies starting in 2011.  Also known as “Bitcoin Jesus,” Ver renounced his U.S. citizenship through expatriation in February 2014 and secured citizenship from St. Kitts and Nevis, per the Justice Department.  At this point, Ver was supposedly required to file tax returns for capital gains…

Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail

On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Cryptox, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with […] Source CryptoX Portal

Sentenced To Jail For 4 Months

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In a significant development for the crypto industry, Changpeng Zhao, commonly known as CZ, the founder of Binance, the world’s largest cryptocurrency exchange, has been imprisoned for four months.  The sentencing follows his guilty plea to charges related to enabling money laundering activities within his crypto exchange. The verdict was delivered in Seattle federal court and marks the culmination of US authorities’ multiyear investigation into Binance. Lighter Sentence For Binance Founder The sentence handed down to Zhao was notably less severe than the three-year prison term sought by federal prosecutors.…

USDT Dominance Falling, Analyst Predicts Bitcoin To Reach $80,000

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Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D.  USDT Dominance Falling, Good For BTC? Taking to X on April 29, the analyst said USDT.D recently fell, breaking below a critical support trend line. Thus far, USDT.D faces strong rejections at immediate resistance levels, signaling weakness. All this, while considering the inverse relation the USDT.D chart has with Bitcoin, the analyst now expects the world’s most valuable coin…

Epic sats and pieces of paper: 5 crazy crypto auctions

Millions of dollars have been spent on rare mementos from Bitcoin’s past — with some auctions for NFTs breaking records. Bitcoin’s now a teenager — and that means there’s a growing appetite for memorabilia from the cryptocurrency’s early days. It’s like when an unsealed, first-generation iPod hits the market. Bidders go absolutely berserk and end up paying $29,000 for sentimental value. Here, we’re going to look at five of the biggest (and craziest) crypto-related auctions of all time. Janet Yellen in 2017 | Source: Bloomberg 1. The ‘Buy Bitcoin’ sign…

Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading

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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of…

Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin

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Crypto analyst Ali Martinez has provided insights into why $59,800 is a crucial price level for the Bitcoin future trajectory. The analyst revealed two things that could happen if the flagship crypto drops that low.  Why $59,800 Is An Important Level For Bitcoin Martinez mentioned in an X (formerly Twitter) post that the Bitcoin short-term holder’s (STH) realized price is at $59,800. He added that BTC historically often bounces off this level during an uptrend, which would mean that the flagship crypto could experience a massive pump if it were…