TOKEN2049 Day 1 Recap: Bullish Views, New BTC, Web2-to-Web3 Bridges, and TradFi Interest
The TOKEN2049 conference, held in Dubai this month, was a massive event. It hosted industry leaders and featured meetups, workshops, networking events, hackathons, and much more. Cryptonews was there, diving into the key insights and highlights through interviews with many of
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
Lawyers for Terraform Labs and its founder, Do Kwon, are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion after the crypto company and its founder were found
Poloniex Hacker Transfers Massive $32 Million Bitcoin Stash
Popular blockchain investigator PeckShieldAlert reported on April 30 that an address associated with the notorious Poloniex hacker transferred 501 BTC, valued at roughly $32 million, to three new wallet addresses. The move appears to be an attempt to conceal the
Alphabet Sees 60% Stock Surge in Yearly Growth
Alphabet Sees 60% Stock Surge in Yearly Growth Quick Look: Surging Share Price: Alphabet’s stock soared 60% over the past year, with a new target set at $225 by Susquehanna analyst Shyam Patil; Advertising and Cloud Success: Q1 advertising revenue rose 13% to
EUR/USD Struggles to Surpass 1.0731
EUR/USD Struggles to Surpass 1.0731 Quick Look: Economic Data Release: Key data on Eurozone inflation and GDP are set for release, with inflation expected at 2.6% and GDP growth at 0.1%; EUR/USD Dynamics: The currency pair struggles near 1.0731, with potential downside risk
India and US Team Up To Tackle $360M Crypto-Funded Drug Ring
Authorities from India and the US teamed up in a search operation in Uttarakhand to uncover a $360 million crypto-funded drug ring. The Indian Enforcement Directorate (ED) and the Federal Bureau of Investigations (FBI) conducted a search operation in Uttarakhand. This
Hackers Drain Funds from Defunct DeFi Lending Protocol Yield Protocol
Hackers have successfully exploited the smart contracts of the now-defunct decentralized finance (DeFi) lending protocol Yield Protocol, draining crypto assets amounting to approximately $181,000. Yield Protocol ceased operations in December 2023, citing challenges with diminishing business demand and mounting global regulatory pressures. Yield
China’s April Economic Slowdown: PMI Drops to 50.4
China’s April Economic Slowdown: PMI Drops to 50.4 Quick Look: Economic Slowdown: China’s manufacturing and services sectors show signs of deceleration in April, with manufacturing PMI at 50.4 and services at 50.3; Challenging Conditions: Export orders and employment are down, signalling uncertainty in
Global Dynamics: Navigating $370B U.S. Shift & Multipolarity
Global Dynamics: Navigating $370B U.S. Shift & Multipolarity In 2024 In a world where geopolitical and economic landscapes are continuously evolving, it’s crucial to stay informed about the major events shaping our times. Our detailed exploration offers insights into pivotal developments,
Hong Kong ETFs Debut: $6.3M Traded in Bitcoin
Hong Kong ETFs Debut: $6.3M Traded in Bitcoin Quick Look: Hong Kong’s first six bitcoin and ether ETFs saw robust initial trading, reaching a volume of HK$49.4 million midway through their debut day; China Asset Management Leads: Their Bitcoin and Ether ETFs dominated