74. Online Betting, meet Bitcoin
Bitcoin betting is secure, anonymous and fast. Explore the top platforms.
Crypto Corner
Coinbase claims the title of Canada's largest registered crypto exchange with its recent attainment of "restricted dealer" status, marking a significant milestone in its expansion efforts north of the border.
Solana faces challenges as a staggering 75% of user transactions fail amidst soaring demand for memecoins.
Google initiates legal proceedings against purported crypto scammers for distributing deceptive apps, allegedly resulting in financial harm to Google and approximately 100,000 users.
Hearings for Binance and executives' tax evasion cases in Nigeria have been adjourned, following charges filed by the local tax watchdog last month in an Abuja court.
Frax Finance enters the Cosmos ecosystem through the Asset Issuance Chain Noble, bringing its stablecoin FRAX and staked version sFRAX to the platform.
A trader transforms $13K into $2M as the frenzy over memecoins persists. The Donotfomoew (MOEW) token surged in value upon its DEX debut on April 3.
BIS and 7 central banks embark on Project Agora to delve into asset tokenization. The initiative aims to develop a centralized platform for cross-border CBDC payments and tokenized money transfers through proof-of-concept projects.
NFT Spotlight
NFT of the week: Pop Art Cats #6669
Binance abruptly halts support for Bitcoin NFTs, citing a "streamlining" of its product offerings. Users are urged to withdraw their Bitcoin NFTs from the platform before May 18.
Pharrell Williams and Lil Wayne are set to headline the animated film "Dullsville and the Doodleverse," part of the Doodles NFT project. The film will feature music from these renowned musicians.
ERC-404 pioneer Pandora is dominating the NFT market with daily sales reaching US$1.6 million. The Bored Ape Yacht Club collection leads in daily NFT sales, reflecting a significant uptick in transactions and buyers.
The Celo Foundation has teamed up with Rarible to launch an NFT marketplace.
Bitcoin Buzz
Data shows hedge funds hold record bearish Bitcoin bets, possibly as part of a "carry trade," indicating a significant shift in sentiment towards the cryptocurrency.
The SEC invites comments on spot Ether ETF applications from Fidelity, Grayscale, and Bitwise. A decision on these ETFs is anticipated in May, with VanEck's filing awaiting approval or denial.
As Bitcoin approaches $69K, banks are increasingly seeking BTC miners due to supply shortages on exchanges.
Another country will be offering a spot Bitcoin etf.
Bitcoin Miners’ Marvels
A proposed law in Paraguay aims to ban Bitcoin mining, potentially extending to other crypto activities like staking and wallets, amid concerns over power issues.
With the halving on the horizon, Bitcoin miners, buoyed by record profits and ETF inflows, are adopting new strategies. Amidst the halving anticipation, firms are accumulating funds and reinvesting them to brace for the eventuality.
The increase in IREN's mining activities resulted in a remarkable 56% boost in monthly revenue, reaching $23 million. The company also demonstrated its AI cloud services prowess at the prestigious NVIDIA GTC event.
Genesis Digital Assets is utilizing renewable energy sources in West Texas to bolster its Bitcoin mining capacity at a new facility. The global mining company aims to harness wind and solar power for sustainable expansion.
Quote Of The Week:
“The future belongs to those who believe in the beauty of their dreams” -Eleanor Roosevelt
Thanks everyone. Have an awesome weekend!