Telegram has rolled out a new feature allowing users to purchase channel advertisements using Toncoin, as announced over the weekend. This update is part of the messaging app’s latest initiative for user monetization, wherein 50% of the revenue generated from ads displayed in public Telegram channels will be distributed to their respective owners. According to Telegram, users can now promote…
Binance Holdings Ltd. has recently formed a board of directors, a significant move amidst a period marked by changes and challenges, as reported by Bloomberg News. The board comprises seven members, including CEO Richard Teng and three other company executives: Heina Chen, Jinkai He, and Lilai Wang. Additionally, three external members join the board: Gabriel Abed, Arnaud Ventura, and Xin…
After experiencing record outflows of nearly $1 billion just a week prior, crypto-based investment products made a significant turnaround, with approximately $900 million in net inflows reported, according to data from CoinShares. CoinShares analyst James Butterfill disclosed that crypto-based investment vehicles collectively saw a remarkable rebound last week, accumulating $862 million in net inflows. This resurgence follows a challenging period…
According to a note from TD Cowen, House Republicans’ efforts to pass an anti-central bank digital currency (CBDC) bill could disrupt bipartisan backing for a stablecoin bill. The CBDC Anti-Surveillance State Act, introduced by House Majority Whip Tom Emmer, aims to prevent the Federal Reserve from directly issuing a CBDC to individuals. Despite the bill’s advancement from the House Financial…
Base, the Ethereum layer-2 scaling network incubated by crypto exchange Coinbase, hit a daily record of $1.22 billion worth of trading volume at decentralized exchanges (DEXs) on Saturday. The frenzied surge in trading is due to a gold rush for meme coins that has Base-native coins like DEGEN and BRETT hitting over half a billion dollars each in market cap.…
Stablecoin issuer Tether has expanded its Bitcoin portfolio significantly in the first quarter of 2024, acquiring an additional 8,888 bitcoins. This brings Tether’s total Bitcoin holdings to approximately 75,354 BTC, valued at over $5.2 billion. This milestone coincides with Bitcoin’s recent surge to an all-time high, currently trading around $69,500. While Tether has not publicly disclosed its Bitcoin addresses, it…
In the latest sign that the crypto market’s enduring meme coin fever is likely far from breaking, the co-founder of the popular Doodles NFT brand released a surprise POOP token over the weekend to community members. It stirred excitement, but also some controversy too—because a sizable chunk of the total supply was quickly snapped up by “snipers,” spurring accusations of…
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.” Former FTX […] Source: https://news.bitcoin.com/sam-bankman-fried-breaks-silence-haunted-by-ftx-collapse-vows-to-appeal-and-criticizes-legal-process/
Stablecoin issuer Tether now holds over $5 billion worth of Bitcoin, according to public blockchain data. Arkham Intelligence data—which tracks the crypto giant’s wallet—reveals that the company now holds over 75,354 Bitcoin, worth more than $5.1 billion as of this writing, after the firm bought 8,889 BTC in the first quarter of this year. Tether is the company behind the…
Trading volume across Solana decentralized exchanges (DEXs) reached a new monthly all-time high mark after topping $58.4 billion in March, according to data from DeFiLlama. The previous high mark was nearly $28.5 billion in December 2023. The record trading month comes amid an ongoing meme coin frenzy on Solana. Over the past month, popular meme coins like Dogwifhat (WIF) and…
