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ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach. U.S. Securities and Exchange building (Shutterstock) Good morning. Hereâs whatâs happening: Prices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian...
An entity connected to a wallet named âjaredfromsubway.ethâ is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad. Shovel makers benefit the most in a gold rush, and crypto trends are no different. Sandwich bots are frontrunning punters of newly-issued tokens such as pepe (PEPE) and chad (CHAD) â memecoins with no intrinsic value that caught...
Lawyers claimed the superstar was âhiding and driving away from our process servers for the past three months." Legendary basketballer Shaquille O'Neal has finally been served in a class-action lawsuit against FTX founder Sam Bankman-Fried, a law firm for the plaintiffstweetedon Sunday. "Plaintiffs in the billion $ FTX class action case just served@SHAQoutside his house,"the Moskowitz law firm tweeted. "His...
Validators looking to fully exit the chain could be looking at a wait of up to 14 days to get their crypto back, according to Rated Network's explorer. So many Ethereum validators have put in requests to unstake ether (ETH) from the blockchain following WednesdayâsShanghai upgradethat the queue to get the cryptocurrency out has backed up to two weeks. In...
The bitcoin price rose nearly 1.5% to $30,430 in the minutes following the better-than-expected news. The latest inflation data was released on Wednesday (Getty Images) The U.S. Consumer Price Index (CPI) rose 0.1% in March, down from 0.4% a month previously, and slower than economist forecasts for 0.2%, according to the Bureau of Labor Statistics (BLS). On a year-over-year basis,...
The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them. (carterdayne/GettyImages) Decentralized finance (DeFi) is entering regulatorsâ crosshairs, but they donât seem to be intent on taking it out â yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of...
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGeckodata, Bitcoin has slightly surpassed $30,000 and is at nearly $30,200 at the time...
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to âcome up with some numbers? Idk.â Former FTX US President Brett Harrison. (Danny Nelson) A new report from the failed crypto exchange FTXâs current leadership says that former FTX US President Brett Harrisonresigned last Septemberpartly...
Twitter's temporary logo (Twitter) Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency's mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. (CoinDesk) DOGEsurged as high as 10.5 cents on April 3after Elon Musk's social-media company inexplicably shifted to using dogecoin's Shiba...
The 1 million instantly withdrawable ether has become a point of concern for the market. Ethereumâs backward-incompatible Shapella hard fork or Shanghai upgrade, slated to happen in eight days, will let users withdraw their "staked ether." Thelingering fearin the market is that the impending unlocking of ETH deposited in the network to boost security in return for rewards will see...
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