CRYPTO NEWS

Is Bitcoin Regaining Correlation With S&P 500 After Brief Cameo Above $42,000?

Bitcoin has had a mixed-price performance over the last seven days. In what seemed like a continuation of the recent downturn, the world’s largest cryptocurrency saw its value fall below $40,000 for the first time since December 2023.  However, BTC’s price seems to be recovering nicely after reaching above $41,000 and even momentarily reaching $42,000

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Crypto Aid Israel raises $185K, distributes aid to 4 organizations, in 10 days

The Crypto Aid Israel collective has raised over $185,000 since its creation less than two weeks ago and has distributed aid to several humanitarian groups.  The organization has carried out two rounds of aid distribution so far, dispensing around $50,000 (200,000 NIS). Nongovernmental organizations benefitting from its efforts include the Foundation for Advancing Citizens of

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Multichain Executor has been ‘draining’ AnySwap tokens: Report

A person is using the Multichain Executor to “drain” tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows previous outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.”

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Bermuda still open to crypto firms, says premier: Report

The dramatic collapse of crypto exchange FTX in November 2022 is not moving Bermuda away from accommodating crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the Bermudan Premier and Finance Minister Edward Burt, who believes there are still

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Terra’s branding at MLB opener draws attention from spectators

As baseball enthusiasts flocked to Nationals Park in Washington D.C for the opening day of the Major League Baseball (MLB) season, the appearance of Terra — the crypto ecosystem that collapsed in May 2022 — didn’t go unnoticed by attendees. A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March

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Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

Elon Musk and his lawyers reportedly requested a United States judge dismiss a $258 billion lawsuit filed by investors who alleged he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE). According to an April 1 Reuters report, Elon Musk’s lawyers stated that the lawsuit against Musk — filed by Dogecoin investors in June 2022

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El Salvador removes all taxes related to tech innovation for economic growth

El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, has decided to eliminate all taxes on technology innovations. The move runs parallel to establishing the National Bitcoin Office (ONBTC) of El Salvador, also known as “the Bitcoin office.“ When legalizing Bitcoin on Sept. 7, 2021, Salvadoran President Nayib Bukele saw the

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Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon

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More than 3,600 Bitcoin ATMs went offline to record largest monthly decline

Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency

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