Day: May 13, 2024

Aptos Posts Triple-Digit Gains In Key Metrics, Yet APT Price Struggles At $8.40

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According to a report by Messari, Layer 1 (L1) blockchain Aptos experienced substantial gains in key metrics during the first quarter (Q1) of the year. The growth was driven by the surge in Bitcoin prices to new record highs and increased capital inflow in the market.  However, Aptos’ native token, APT, has struggled with price performance, recording modest gains compared to other top cryptocurrencies. Aptos Network Activity Surges The report highlighted that Aptos’ circulating market cap increased 127% quarter-on-quarter (QoQ) to $6.6 billion. This growth outpaced other projects with similar…

dYdX Trading Inc Founder Antonio Juliano Steps Down As CEO, Token Takes a Hit

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Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to “step down” as Chief Executive Officer (CEO), citing a mix of “personal and professional reasons.” This move marks a significant change for the company behind the decentralized derivatives exchange dYdX. Juliano will transition to the roles of Chairman and President, with Ivo Crnkovic-Rubsamen set to take over as CEO. Related Reading Juliano Reflects On His Tenure And The Evolution Of dYdX Juliano’s tenure as CEO saw dYdX grow into a prominent player in the decentralized finance (DeFi)…

Steven Nerayoff Calls out Joseph Lubin for Damaging Crypto Market

Steven Nerayoff, a former adviser to the Ethereum network, has publicly denounced Joseph Lubin, co-founder of the Ethereum Project and the founder of Consensys, and other “bad actors” for their detrimental actions in the cryptocurrency market. In a tweet, Nerayoff clarifies that his dispute is not with Ethereum as a whole, but specifically with Lubin […] Source CryptoX Portal

Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt

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The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million on April 29, according to online crypto investigator Zachxbt. Zachxbt says he traced the stolen funds to a bitcoin address with 137.9 bitcoins and an ethereum address holding 1,881 ether. Crypto Exchange Yet to Confirm Attack According to online […] Source

Is BTC Ready For A 15X?

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Bitcoin is moving sideways, posting drab price action, forcing participation to taper. But amid this consolidation and even fear of more losses, one analyst has shared data suggesting that long-term holders are accumulating at spot rates.  Are We Back To 2021? Bitcoin Long-Term Holders Accumulating In a post on X, the analyst noted that this re-accumulating pace is picking up momentum, mirroring a welcomed trend that preceded the impressive 2021 bull run. Therefore, if long-term holders, or HODLers, accumulate, the probability of BTC rallying in the sessions ahead is elevated. Thus far,…

Bipartisan Senators probe FinCEN crypto mixer lawsuits

A pair of Senators wrote a letter to the Department of Justice, challenging FinCEN’s “unprecedented interpretation” of rules used to sue crypto mixers. Senators Cynthia Lummis (R-Wyo.) and Ron Wyden (D-Ore.) petitioned U.S. Attorney General Merrick Garland and the Department of Justice (DOJ) regarding an ongoing crackdown on crypto mixers allegedly operating as illegal money transmitters.  Sen. Wyden stressed that holding non-custodial crypto asset software developers liable for supposed criminal activity raised may violate the First Amendment and upset years of lawful precedent.  The issue stems from the Financial Crimes…

Why, for Some, Crypto Is the Defining Political Issue of Our Times

But I also understand why figures like Selkis are championing crypto into a political cause. Actually, they are simply noticing that crypto already was a partisan issue and acting in accordance. It’s common to hear that because blockchains strive to be “credibly neutral” that the industry itself is apolitical, but that simply isn’t true. Crypto is a check on the government; it is and always has been a political project. As I wrote in 2021: “If Bitcoin solved the climate crisis, it would be through successful, freer markets – not…

Analyst Who Predicted Solana’s 1,100% Move Reveals Where The Altcoin Is Headed Next

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Crypto analyst Javon Marks has provided insights into the future trajectory of Solana (SOL) after it hit a 1,100% return. The analyst is known to have called the crypto token’s previous high correctly, which is one reason his latest prediction is worth keeping an eye on.   Solana Could Rise To As High As $453 Marks mentioned in an X (formerly Twitter) post that despite its recent pullback, Solana’s price may be getting ready for another price rally. He noted that a move of over 54% may already be in the…

Historian Yuval Noah Harari Expresses Skepticism About Bitcoin, Calls It ‘A Currency of Distrust’

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Last week at the BIS Innovation Summit 2024, Israeli historian, philosopher, and bestselling author Yuval Noah Harari shared his views on bitcoin and electronic currency. During his presentation, Harari emphasized his disapproval of bitcoin, stating it is its money “built on distrust.” Yuval Harari Voices Concerns Over Bitcoin Yuval Noah Harari has openly stated his […] Original