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The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S.

Bitcoin.com

Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market was neutral on the 12-hour chart at press time. The funding rate and the weighted sentiment were negative at the time of writing. Ethereum Classic [ETC] has been in a consolidation phase

AMB Crypto

Ethereum Classic’s [ETC] consolidation extends- A bullish breakout likely

According to an investigation, a group of Binance employees and "angels" helped users evade the exchange's KYC and AML controls.

Crypto Potato

Binance Employees Trained Users to Bypass KYC and AML Rules (Report)

ETH sees demand from whales and retail investors but in low volumes. ETH TVL in Ethereum 2.0 soars to new ATH. The Ethereum network’s next major upgrade dubbed Shanghai is less than a month away. Major network upgrades usually attract some investor interest days before the actual date of the event. Now, the question is-

Ethereum sees some whale and retail demand, but here’s the issue

Greenpeace has unveiled the ‘Skull of Satoshi’, an 11-foot art installation crafted from recycled electronic waste and featuring Bitcoin logos. The piece was created by renowned artist Benjamin Von Wong in order to spark a conversation about the impact of Bitcoin on the environment – not as an anti-Bitcoin symbol, but as a tool to … Greenpeace art installation ‘Skull of Satoshi’ sparks debate on Bitcoin’s impact on environment Read More »

Cryptopolitan

Greenpeace art installation ‘Skull of Satoshi’ sparks debate on Bitcoin’s impact on environment

Brandon Riley paid 77 Ethereum for the NFT, then irreversibly destroyed it.

Decrypt

NFT Trader Accidentally Burns $129K CryptoPunk

Hedera’s TVL continued to decline, and HBAR’s state was concerning. The coin’s market indicators also favored the bears and predicted a further downtrend. Hedera [HBAR] has reached a remarkable milestone in terms of network growth. In a 26 March tweet, Hedera revealed that its mainnet has processed 6 billion transactions since its launch. It was

Assessing why HBAR faces sell pressure despite its latest achievement

Many investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States.

CoinTelegraph

Banking crisis pushed over $286B to money market funds in two weeks: Report

Amid reports that Pennsylvania-based Customers Bancorp was seeking potential co-investors for a bid to purchase the failed Silicon Valley Bank (SVB), two regional banks have emerged as contenders for the FDIC-controlled asset. First Citizens BancShares and Valley National Bancorp both filed bids with the Federal Deposit Insurance Corp. (FDIC) on Saturday (March 25). Sources indicated … First Citizens and Valley National compete to purchase Silicon Valley Bank Read More »

First Citizens and Valley National compete to purchase Silicon Valley Bank

Internet Computer has attracted a surge in developer activity and social media attention. However, its volume and price performance have been less impressive, with a decline in trading volume and gains. Internet Computer [ICP] is a relatively new cryptocurrency making waves in the market. Since its release, it has piqued the curiosity of both traders

Internet Computer draws developer frenzy, social attention- Here’s why

Cardano is laying the groundwork for full decentralization as it plans to enter the Voltaire era later this year. The Voltaire era aims to develop a self-sustaining system by introducing voting and treasury systems, allowing network participants to use their stake and voting rights to influence the network’s future development. The Cardano network currently relies

CryptoGlobe

$ADA: Cardano Prepares for Full Decentralization as it Plans to Enter the Voltaire Era

Greenpeace, the well known environmental NGO, has unveiled the “Skull of Satoshi,” an art installation intended to spark debate about the impact of Bitcoin on the environment. The 11-foot skull was constructed with electronic waste materials and features smokestacks and Bitcoin logos. However, its creator, Benjamin Von Wong, explained it was not meant to be

Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Litecoin has trended upward since October 2022. Price action developments since mid-February showed bears had the upper hand. In late November of 2022, while the rest of the crypto market faced wave after wave

Litecoin sellers hunt for selling opportunities after this bearish retest

At the upcoming G7 meeting in Hiroshima this May, Japan, The United States, The United Kingdom, Canada, France, Germany, and the European Union are expected to unite to create a cooperative strategy for tougher global cryptocurrency regulations, according to Kyoto news agency reports. Furthermore, the initiative will aim to increase transparency and consumer protections surrounding … G7 leaders to push for tougher crypto regulations Read More »

G7 leaders to push for tougher crypto regulations

The closure of Silvergate’s SEN and Signature’s Signet network in early March has created a liquidity crisis for the crypto market. While Bitcoin’s price has recovered since its March lows, topping out near $28,900, the initial dip still poses concerns for the market. Poor liquidity around an asset leads to market inefficiencies, causing serious volatility … Bitcoin faces liquidity crisis despite price surge – what’s next? Read More »

Bitcoin faces liquidity crisis despite price surge – what’s next?

In a recent Twitter thread, Chris Burniske, Partner at crypto-focused venture capital firm Placeholder, shared his thoughts on the impact of the current banking crisis, regulatory challenges, and Balaji Srinivasan’s bet on the future of cryptocurrency. Burniske expressed his bullish outlook on the long-term prospects of crypto, despite short-term volatility and uncertainty. Burniske believes the current

VC Firm Co-Founder Foresees Crypto’s Resilient Ascent Outshining Regulatory Obstacles

A&T Capital, a cryptocurrency investment fund backed by Alipay, has announced that it will launch an independent investigation into sexual harassment allegations made against one of its founding partners. The accusations were made by two women, including a former intern at the company, who claim that they were raped and sexually harassed by the founder. … Crypto company investigates sexual harassment claims against founder Read More »

Crypto company investigates sexual harassment claims against founder

The price range of $29,000-$30,000 might form an extreme resistance level for BTC. Accumulation intensifies as many expect BTC’s price to claim the $30,000 price mark soon. As many anticipate when Bitcoin [BTC] will reclaim its $30,000 psychological price mark, pseudonymous CryptoQuant analyst Tarekonchain has found that the price range of $29,000-$30,000 might form an

The $30,000 question: Will Bitcoin push through or succumb to the sell-off

Bitcoin price is making another run at $28,000 and this is luring altcoin traders into XRP, LTC, XMR and AVAX positions.

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

Nvidia, a US chip-maker, has expressed its view that cryptocurrencies do not “bring anything useful for society,” despite the fact that the company’s powerful processors have been selling in large quantities in the crypto sector. Michael Kagan, its Chief Technology Officer, has maintained that the uses of processing power such as the artificial intelligence chatbot … Nvidia CTO declares crypto “doesn’t bring anything useful for society” Read More »

Nvidia CTO declares crypto “doesn’t bring anything useful for society”

Nasdaq is waiting on approval from the New York Department of Financial Services by the end of June to begin offering custody to clients.

TheBlock

Nasdaq says institutional appetite in crypto is steady as it plots push into custody, trading

Kaspersky urged people to be more careful when storing their passwords, adding that 14% of investors have not made any efforts to do so.

Every Third US Crypto Investor Was a Victim of Theft: Kaspersky Report

While ethereum ( ETH-USD ) remains the dominant blockchain in decentralized finance (DeFi), the adoption and usage of the operating system could retreat if it's unable to boost transaction speed, according to a recent note from Bank of America. “We view Ethereum’s long-term viability as dependent on its ability to fulfill the vision laid out in its road map, which includes implementing sharding architecture to expand its throughput capacity significantly,” analyst Alkesh Shah wrote. In the cryptocurrency world, throughput is a metric that measures how many transactions a blockchain can process per second. So, if ether's ( ETH-USD ) throughput isn't increased, then application developers will likely tap other blockchains to build on, he contended. So-called sharding refers to the splitting of the blockchain into smaller pieces, or "shards," to support a larger number of users. The solana ( SOL-USD ) blockchain, meantime, can complete "way more transactions per second than Ethereum," Bradley Duke, co-CEO at digital asset investment firm ETC Group, told Seeking Alpha via email. But the former "has not gained greater market share of DeFi because far more people trust Ethereum to run smoothly, stay secure and keep its state data in sync than they do for Solana.” BofA's Shah explained that the smart contract-enabled platform of ether ( ETH-USD ) gave the blockchain a "first-mover advantage as developers building applications gravitated to it." That, in turn, led to network effects, he added, as the number of decentralized applications and users both expanded. Smart contracts are programs stored on a blockchain that automate certain actions required in an agreement (think of if-then logic). All in, the ecosystem's early success "became a double-edged sword as the number of transactions became so large that network congestion occurred," driving up average transaction fees. Ether ( ETH-USD ), changing hands at $1.76K as of Friday afternoon, has shot up 45.5% since the start of 2023 after enduring one of its worst years on record. From a year ago, the token was still down 44%, battered by a series of high-profile bankruptcies in the industry, increased regulatory scrutiny and economic uncertainty. See why SA contributor Dhlerin Bechai thinks ETH is a Buy .

Seeking Alpha

Ethereum is at risk of losing its dominant status in DeFi — here's why

Federal prosecutors in New York have filed charges against Terraform Labs co-founder Do Kwon hours after his arrest at the Podgorica airport in Montenegro on Thursday. The 12-page indictment from the United States District Court for the Southern District of New York shows that Kwon faces eight counts, which include conspiracy to defraud, two counts The post US Prosecutors Slam Terra (LUNA) Founder Do Kwon With Eight Counts of Fraud for 2022 Crypto Collapse appeared first on The Daily Hodl .

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