Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]
https://news.bitcoin.com/meta-faces-tough-market-response-as-ai-investments-surge-and-metaverse-losses-continue/

Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license. Snowden’s remarks show his ongoing support for financial privacy within the […]
https://news.bitcoin.com/edward-snowden-defends-crypto-privacy-criticizes-doj-for-samourai-wallet-arrests/

The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final Judgment Against Terraform Labs and Do Kwon The […]
https://news.bitcoin.com/sec-seeks-5-3-billion-in-final-judgment-against-do-kwon-and-terraform-labs/

The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’ Willingness to Adopt The Australian Taxation Office (ATO) and its Indonesian counterpart have […]
https://news.bitcoin.com/australian-indonesian-tax-bodies-sign-agreement-to-share-crypto-information/

The crypto bull market is well underway, with activity in the VC and early-stage funding sector mounting over the last few weeks as the highly anticipated Bitcoin halving approached. And, as the post-halving phase begins, increasing numbers of new projects are expected to come to market in search of funding. Indeed, the beginning of this […]
https://news.bitcoin.com/yield-app-angel-launchpad-finding-promising-icos-without-the-risks/

Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and the generally friendly landscape for cryptocurrencies. Support […]
https://news.bitcoin.com/bitget-cites-high-adoption-rates-in-mena-following-1400-surge-in-regions-active-users/

Chivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the security of its data has never been breached. Chivo […]
https://news.bitcoin.com/salvadoran-official-crypto-wallet-chivo-dismisses-alleged-hacking-event/

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]
https://news.bitcoin.com/despite-runes-transaction-dominance-bitcoin-miners-see-continued-revenue-drop/

On Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million in trade volume between these two platforms and now boasts a market capitalization of […]
https://news.bitcoin.com/marketplaces-see-surge-in-runes-based-dog-token-trading-market-cap-now-at-319m/

The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. This satoshi, the smallest denomination of BTC, was sold for an astonishing 338 billion percent more than the typical value of a […]
https://news.bitcoin.com/epic-satoshi-from-bitcoins-4th-halving-fetches-over-2-13-million-at-coinex-auction/

PRESS RELEASE. GEORGE TOWN, CAYMAN ISLANDS — APRIL 25, 2024 Pulsr, an AI-powered search engine for NFTs, is launching a new token. The genesis of $PULSR is taking place on Thursday, April 25 at 11.30am EST — and will fuel the project’s ambition to make on-chain assets across the Web3 ecosystem more visible. Established in […]
https://news.bitcoin.com/ai-powered-discovery-network-for-nfts-launches-pulsr-token/

On Thursday, a Cryptopunk NFT with an alien theme changed hands for 4,000 ether, equivalent to $12.41 million. This particular Cryptopunk, #635, ranks as the sixth priciest in the Cryptopunks collection. Cryptopunks Collection Sees Another Major Sale With $12.41M Transaction In 2024, another significant transaction involving Cryptopunk #635 took place on Apr. 25, fetching 4,000 […]
https://news.bitcoin.com/cryptopunk-635-achieves-12-41m-sale-joins-ranks-of-top-priciest-nfts/

On Wednesday, the U.S. Department of Justice from the Southern District of New York brought charges against the creators of Samourai Wallet for running an unlicensed money transmission service and for engaging in money laundering activities. This development has left the cryptocurrency community in dismay, with many expressing their displeasure over the aggressive measures employed […]
https://news.bitcoin.com/privacy-is-not-a-crime-samourai-indictment-provokes-strong-reactions-from-crypto-advocates/

Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. […]
https://news.bitcoin.com/blackrocks-bitcoin-etf-wallets-hold-over-20000-in-runes-tokens-arkham-data-shows/

In a significant legal move, Consensys has initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) to protect the Ethereum blockchain from what it deems overreaching regulations. A report further alleges that the SEC issued a Wells Notice to Consensys, asserting that Metamask functions as an “unlicensed broker-dealer.” Consensys Confronts SEC Following Receipt […]
https://news.bitcoin.com/eth-should-not-be-treated-as-a-security-consensys-sues-sec-over-ethereum-regulations/

While Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, experienced a continuous influx for 71 days before halting this week, Grayscale’s Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing all other ETFs on record. “No ETF has ever done anything close to that,” observed Eric Balchunas, Bloomberg’s senior ETF analyst, on […]
https://news.bitcoin.com/no-etf-has-ever-done-anything-close-analyst-highlights-record-gbtc-outflows-surpassing-all-etfs/

Morgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global investment bank Morgan Stanley is contemplating broadening access to spot bitcoin exchange-traded funds […]
https://news.bitcoin.com/morgan-stanley-to-broaden-availability-of-spot-bitcoin-etfs-report/

PRESS RELEASE. When it comes to crypto casinos, Hugewin leads the charge in transforming the online gambling landscape with its innovative approach to cryptocurrency gaming. Offering a diverse array of games, generous promotions, and unmatched customer service, Hugewin stands as the ultimate destination for players seeking an immersive and rewarding gaming experience. Diverse Cryptocurrency Options […]
https://news.bitcoin.com/the-rise-of-hugewin-new-face-of-crypto-casino/

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […]
https://news.bitcoin.com/standard-chartered-updates-prediction-doubts-sec-will-approve-spot-ether-etfs-in-may/

BNB Chain, one of the largest smart contracts-enabled ecosystems in the crypto environment, has announced the inclusion of native liquid staking in its BSC blockchain. The new feature aims to allow validators to secure the network and maintain the liquidity of its assets while the ecosystem abandons the Beacon chain. BNB Chain Evolves Into a […]
https://news.bitcoin.com/bnb-announces-native-liquid-staking-addition-in-bsc/