A jury has reached a verdict against Avraham “Avi” Eisenberg, the individual suspected of orchestrating a $110 million scam on the Mango Markets decentralized trading platform, finding him guilty of committing fraud and manipulating markets. In a court decision on April 18 in the Southern District of New York, a jury declared that Eisenberg was … Read more
Bitcoin (BTC) could experience relief from selling pressure as traders’ profits reach minimal levels. On April 18, an analysis published by Julio Moreno on X (previously known as Twitter), the head of research at the cryptocurrency on-chain analytics firm CryptoQuant, indicated that a potential reversal in Bitcoin’s price decline could be imminent. Bitcoin traders reach … Read more
A group of prominent figures from Hollywood and the gaming industry have come together to establish a top-tier web3 game development studio in the United Arab Emirates. The newly established “Galactic Entertainment Publishing” is the initial branch of the larger Galactic Group. The first project by the company, named PlanetQuest, began its development phase in … Read more
Two major BRC-20 tokens experienced more than 40% drops in value on a weekly timeframe before the Bitcoin halving event. Concurrently, investors are now paying increased attention to Bitcoin Runes, a novel token standard on the Bitcoin network that streamlines the process of generating fungible tokens for users. ORDI and SATS down over 40% ahead … Read more
Based on a budget addendum released in 2024, Canada intends to implement the International Crypto-Asset Reporting Framework (CARF) for tax purposes by the year 2026. The country is taking an advanced approach to this upcoming regulation, which is anticipated to be adopted by 47 nations by the year 2027. Crypto asset service providers (CASPs), including … Read more
Ethereum’s disregard of L1s raises questions once again. Layer 2 security concerns challenge Ethereum’s decentralization commitment. During the current cryptocurrency market decline, Ethereum (ETH), the primary alternative coin, follows Bitcoin‘s (BTC) negative trend as indicated by their daily and weekly charts which are dominated by red colors. In one day, there was a small decrease … Read more