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As the cryptocurrency industry in the United States continues to struggle under the intensified legal and regulatory pressure that has seen several of its largest participants facing lawsuits, the US Department of Justice (DOJ) has asked for a three-year sentence for Changpeng Zhao (‘CZ’), the founder of Binance. Specifically, CZ, who stepped down as the CEO of Binance, one of the largest crypto exchanges in the world, and pleaded guilty to breaking the US anti-money laundering laws in November last year as part of a $4.3 billion settlement, could spend 36 months in jail, according to a sentencing memo from April 24. Indeed, US prosecutors suggested this sentence to the court for the western district of Washington despite the fact that the federal sentencing advisory guidelines set a maximum sentence of 18 months for CZ, who agreed not to appeal against any stretch below this period. Picks for you Biden proposes highest Capital Gains Tax in over 100 years for stocks a...

Cryptocurrency investors are constantly on the lookout for the next big opportunity. While the market is known for its volatility and unpredictability, some coins have emerged as top contenders for delivering substantial returns in the coming year. In this article, we will explore three cryptocurrencies that have the potential to generate 10X gains in 2024: Solana (SOL), Aptos (APT), and Shiba Inu (SHIB). Also read: Philippines SEC Orders Apple & Google To Remove Binance Solana (SOL)  Source – ByteTree Solana , currently trading at $154.17, has experienced a modest 0.86% increase in the past 24 hours. The coin’s 24-hour trading range lies between $151.93 and $158.98, indicating a relatively stable market. Despite being down 40.65% from its all-time high of $260.06, reached on November 7, 2021, Solana ’s fundamentals remain strong. The platform’s ability to process thousands of transactions per second and its low transaction fees have attra...

Two lawyers for the US Securities and Exchange Commissions (SEC) have resigned after the agency was sanctioned by a judge for “gross abuse” of power and acting in “bad faith” when it misrepresented facts in the DEBT Box case, Bloomberg reported. Joseph Watkins and Michael Welsh resigned earlier this month, according to the report . This was after the lawyers were warned that they would be terminated if they stayed, sources familiar with the matter said, the Bloomberg story reported. SEC Lawyers Depart After Short Stint At The Agency Both Welsh and Watkins were relatively new to the agency, with Watkins having served as a trial attorney for the regulator from December 2022. Watkins had started acting as an attorney at the Division of Enforcement in January 2023.  Their resignations come after Chief Judge Robert J. Shelby , the federal judge hearing the SEC’s case against DEBT Box, sanctioned the agency in March for making false statements and misre...

The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving . Related Reading: Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge? Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low.  Miners’ Bitcoin Holdings Hit 12-Year Low On-chain analytics platform IntoTheBlock noted this interesting trend amongst Bitcoin miners. According to the platform’s “Miners’ Bitcoin Holdings,” the collective BTC reserve across various miners has now dropped below 1.9 million BTC, its lowest in over 12 years. ...

1. Iran Launches Attack on Israel link Following Iran’s unprecedented attack on Israel, risk assets experienced a sharp decline on April 14th, with Ethereum hitting a low of $2,852 and Bitcoin dropping to $60,660. Within a 4-hour period, liquidation amounts reached $951 million. However, Iran later announced the end of its military action, leading to a rebound in cryptocurrencies and other risk assets. International news reports indicate that Iran’s mission to the United Nations stated that if Israel does not respond, the military action will be considered “ended.” Magen David Adom, Israel’s national emergency medical service, reported no casualties from Iranian drones. Nonetheless, Israeli senior officials have indicated a “significant response” to the unprecedented Iranian attack. Jordanian warplanes intercepted dozens of Iranian drones flying over northern and central Jordan towards Israel. Media reports suggest Iran is closely monitoring Jordan and could target it if there are any ...

Julio Moreno, the Head of Research at CryptoQuant with over 13 years of expertise in commodity research, leads the forefront of on-chain analytics. This podcast discusses CryptoQuant’s recent report on cryptocurrency trends, explores the Bitcoin Halving event, and examines the changes following the Ethereum upgrade. The views expressed by the interviewee are personal opinions and do not represent the views of WuBlockchain or constitute any financial advice. Readers are advised to strictly comply with local laws and regulations. Audio-to-text conversion uses GPT, and there may be errors. Please listen to Youtube for the full podcast： CryptoQuant’s report shows a surge in Bitcoin demand, any details to share? Since October last year, we’ve observed a significant acceleration in Bitcoin demand, particularly intensified this year due to the approval of ETFs in the USA. This surge in demand has been captured using our data along with a new analytical tool we launched, called the Cohort. Thi...

The US dollar rose to 106.80 in the DXY index this month delivering handsome profits to currency investors. The USD is the top-performing asset in the forex market this year along with gold and copper in the commodity markets. Investors who took an entry position in these three assets early this year made tenfold returns in just four months. The commodity markets outperformed the global equity market in 2024 due to global conflicts in the Middle East and Russia-Ukraine. Also Read: Gold vs US Dollar: What Can Deliver Most Profits in 2024? Sell-off Incoming For the US Dollar? Investors Look To Book Profits in the USD Source: news.bitcoin.com The latest data indicates that the US dollar futures have been considerably reduced by currency investors this week. The reduction in net short positions in the USD leads to speculations that a profit booking and sell-offs are on the cards. Currency investors are now at their most bearish level since June 2021, according to the Commitment of T...

Two crypto currency traders capitulated and lost $2.61 million in a one -month trade with Fetch.ai (FET). Whales reportedly dumped $10 million worth of FET with million aire realized losses , according to SpotOnChain’s recent reports. First, ‘Whale 0xdf8′ sold all its 2.739 million FET for 2,095 of Ethereum (ETH), worth $6.66 million. The sales averaged $2.431 per token and marked “the end of the whale’s fifth FET trading cycle,” as reported. The trader bought these 2.739 million FET on March 26 for a dollar-cost average of $3.031. Therefore, ‘Whale 0xdf8’ realized $1.64 million in losses with this one-month trade, diminishing its ETH stack by 20%. Picks for you Buy signal? XRP set for explosive price action after consolidation 17 hours ago Long-term vision: Parents invest in crypto for their children’s future 17 hours ago Short squeeze alert: Two cryptocurrencies with huge potential next week 18 hours ago ...

Bitcoin (BTC) average transaction fees crossed the $100 mark for the first time on April 20, following the halving event. As transaction costs rise, the majority of investors are either holding dust or unable to withdraw from exchanges. Notably, Finbold retrieved data from mempool.spac e showing average Bitcoin fees of $105.69 paid in the last 24 hours. In BTC measures, users paid 166,150 sats or 0.00166150 BTC per transaction, on average, during this period.  Furthermore, Bitcoin miners mined the last four blocks with a fee rate above 1,072 sat/vB, translating to $100 for small Segwitt transactions. Sat (or satoshis) is Bitcoin’s smallest unit, named after its creator, Satoshi Nakamoto, while vB stands for virtual bytes—the measure used by the cryptocurrency‘s protocol. Picks for you Tether launches USDT and tokenized gold on Telegram’s Ton Network 58 mins ago Congressman discloses Bitcoin purchase a day before the halving 18 hours ago Michael...

The Pepe price jumped over 6% in the last 24 hours to trade at $0.000005244 as of 8:35 a.m. EST as investors re-enter the frog-themed crypto’s charts. Despite the meme coin’s recent 24-hour gain, it remains in the red over the past week with a 26% plunge, and is also down 21% over 30 days.  The Pepe Price Stuck In Consolidation 4-hour chart for PEPE/USDT (Source: TradingView ) The Pepe price has been in a consolidation phase between $0.00000455 and $0.00000560 over the past couple of days. This period of sideways trading could be a precursor to a strong move in the upcoming days. Should PEPE overcome the $0.00000560 barrier, the meme coin could have the foundation needed to keep rising. Traders might subsequently push the Pepe price to as high as $0.00000730 in the short term. On the other hand, the crypto falling below the $0.00000455 support could put the crypto at risk of plummeting in the following 48 hours. In this bearish scenario, PEPE might fall to as lo...

In a significant move for GambleFi, best crypto casino CoinPoker has launched a $1,000,000 guaranteed tournament series as part of an effort to supercharge its native CHP token. As the exclusive home of the Crypto Series of Online Poker (CSOP), CoinPoker has doubled down on its reveal of what some pundits have labelled ‘the biggest crypto poker event of the year’. 💎 CSOP Spring starts in 4 days! 😎 🗓 April 19th to 28th. 10 days, 41 events. 🤑 Record-breaking total prizes of $1,000,000 along with $10,000 in added value! 💵 Buy-ins from $20 to $5,000. GTDs from $1,000 to $200,000! 🎲 We've got #NLHE, #PLO, and #PLO5. This is not… pic.twitter.com/bsDwDLTxpU — CoinPoker (@CoinPoker_OFF) April 15, 2024 Running from April 19th until April 28th, CSOP Spring will feature 41 high-octane events played out over 10 days, with freeroll beginning today. Here’s What To Expect At CoinPoker...