International cryptocurrency exchange platform Coinbase has introduced an easier way for UK customers to engage in cryptocurrency transactions with the launch of Apple Pay integration. The announcement, made on Wednesday, reflects Coinbase’s commitment to fostering greater crypto adoption in the UK. Apple Pay Integration Facilitates Crypto Transactions in the UK The UK holds significant importance for Coinbase, witnessing over $1.39…
Month: April 2024
Bitcoin Price Surges Despite Hot US Inflation, Fed Rate Cut Doubts: Where to Next?
Despite the release of hotter-than-expected inflation data and doubts surrounding potential Federal Reserve rate cuts, the Bitcoin price unexpectedly surged on Wednesday, showcasing resilience amidst market turbulence. The US Consumer Price Index (CPI) reported a 0.4% increase in March, surpassing the anticipated 0.3% rise, with core CPI metrics also exceeding forecasts. Consequently, US bond yields and the US dollar experienced…
Wormhole’s Solana Token Plunges 50% After Massive Airdrop
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Barely a week after its massive debut airdrop, cross-chain protocol Wormhole’s native W token has tumbled off a cliff—plummeting over 50% in value. At writing, the…
Ace Exchange Founder Charged in $10.7M Crypto Fraud Case
David Pan, the founder of Ace Exchange in Taiwan, along with six other individuals, has been indicted by a Taiwanese court on April 8 on charges related to money laundering and cryptocurrency fraud involving digital assets valued at NT$340 million New Taiwan dollars ($10.7 million). The court ordered the confiscation of the defendant’s property and other assets worth $110,000. Pan…
This Fortnite-Like Ethereum Game Is Adding a Doge World
Kabosu, the fluffy Shiba Inu behind the immortal “Doge” meme, has inspired a $28 billion meme coin, a holy pilgrimage, and a bronze statue erected in her Japanese hometown. Now, she’s being honored with perhaps the grandest gesture yet: a sizable chunk of a digital game world. Ethereum-based battle royale game OpenSeason has announced that it will soon feature a…
Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production
On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion The California-headquartered bitcoin mining equipment manufacturer Auradine, known […] Source: https://news.bitcoin.com/auradine-secures-80-million-in-series-b-to-accelerate-bitcoin-mining-rig-production/
MicroStrategy Leads Crypto Sector Shorts to $2 Billion Losses Since March
Short sellers targeting MicroStrategy (NASDAQ:MSTR) have faced significant losses, totaling $1.92 billion since March, as per data from S3 Partners. This underscores the impact of a rally that has propelled the stock’s performance beyond that of bitcoin. The approval of several spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in January has brought the once-nascent asset…
Ethena’s USDe Token Surges with 37% Yield, Raising Questions About Sustainability Amidst Crypto Boom
Amid the crypto frenzy, a tokenized hedge fund named Ethena has captured attention by offering a 37% yield through its USDe token, attracting billions of dollars in tokens and generating widespread market buzz. However, alongside the excitement, skepticism looms regarding the sustainability of such high yields. Ethena’s USDe token, labeled as a synthetic dollar, achieves its impressive yield through a…
Gunzilla Games Partners with OpenSea for In-Game Asset Trading
Gunzilla Games has revealed a groundbreaking integration with OpenSea, enabling players to trade in-game assets on the NFT marketplace. This integration will debut with Gunzilla’s upcoming video game, “Off the Grid.” In a statement, Gunzilla Games announced that OpenSea will incorporate the gaming developer’s GUNZ blockchain, which operates on a custom Avalanche subnet. This integration aims to establish a compliant…
Zeta Markets Launches Token Z for Solana Community
Zeta Markets, a decentralized derivatives protocol operating on Solana, has introduced its native governance token, Z, as part of a broader strategic initiative. The token launch coincides with plans to roll out Solana’s inaugural layer 2 scaling solution, according to a press release from Zeta Markets. The Z token, with a total supply of 1 billion, aims to foster community…