Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto. Source
Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch Court
Day: May 14, 2024
Bitcoin miners feel pressure of slashed rewards post-halving
Analysts at blockchain firm Kaiko say Bitcoin’s recent halving might soon force miners to sell their crypto holdings. Bitcoin miners are starting to feel pressure as daily average network fees, which spiked after the halving, have begun to decline, according to analysts at Kaiko. In a recent research report, analysts at the Paris-headquartered firm noted that daily average network fees surged following the halving, providing some relief for Bitcoin miners. However, these fees have since “come down as the initial rush of users to the Runes protocol cooled off,” the…
Meme Tokens PEPE, FLOKI, MOG Surge in Sign of Returning Risk Appetite. Will These Jump After GameStop Stock Rally?
“The industry is only just starting to come to grasp with memes being fun, relatable, enjoyable, and representative of the average person,” said B, lead developer at Floki, in a note to CoinDesk. “The vast majority of retail is flocking over to meme coins and ignoring the tired old “utility” crypto projects.” Source
Bitcoin Price Poised To Surge If Projections Hold True
The US Consumer Price Index (CPI) data, set to be released tomorrow, May 15 (Wednesday), at 8:30 am ET, is anticipated to be a potentially significant catalyst for the Bitcoin price. This expectation stems particularly from Bitcoin’s recent trend of responding to macroeconomic news, indicating a heightened sensitivity to such data in influencing its market dynamics. The CPI measures inflation by tracking changes in the price levels of a market basket of consumer goods and services. The upcoming report is of particular interest following three consecutive months where inflation data…
Bitcoin Meme Coin Protocol Runes Sees Dim Traction Amid Falling BTC Prices
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…
Toncoin Outshines Bitcoin With Price Surge And Social Buzz
The native token of the Telegram-connected Open Network, Toncoin (TON), has outperformed Bitcoin (BTC) despite the recent market turbulence. Bitcoin fell by 3% over the last week, while TON increased by nearly 20%. Within the cryptocurrency world, this unexpected outperformance has set off a wild speculating frenzy. Will TON’s rapid ascent continue, or is this merely a passing blip? Related Reading Social Buzz Fuels The Toncoin Engine One key factor behind TON’s recent success appears to be a surge in social media activity. Social volume, a metric that tracks discussions…
How DLCs Can Enable Defi Deposits and Fulfill Bitcoin’s Promise
Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the space, for the first time, […] Original
Coinbase recovers services following two-hour system wide outage
Cryptocurrency exchange Coinbase said in an X post it has restored some of its services following an outage that disrupted trading on its website and mobile app. In an X post on May 14, the US-based crypto exchange Coinbase said it recovered “some services,” noting though that customers “may still be encountering connectivity problems.” The exchange’s update comes two hours after Coinbase initially reported a “system wide outage” and reassured customers of an active investigation into the matter. We’re seeing some services recover. We know customers may still be encountering…
Worldcoin Drops 9% As Top Trader Warns
Worldcoin (WLD) has seen its value plummet by nearly 9% in just 24 hours, with the price settling at around $5.20. This decline aligns with a critical analysis issued by DeFi^2 (@DefiSquared), the current top trader on the crypt exchange Bybit, who has raised concerns about the potential for substantial inflationary pressures and misleading marketing associated with Worldcoin. Notably, the WLD plunge comes just after OpenAI, the creator of ChatGPT, announced on Monday its plans to unveil a cutting-edge AI model named GPT-4o. This advanced model boasts the ability to…
Coinshares Reports Its Most Successful Quarter Ever in Q1
Coinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total comprehensive income increased by over […] Source CryptoX Portal