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Coin Bureau Insider

🔥 Rally Report 🔥

BONK

The price of BONK has rallied by 41% in the past 24 hours.

WHY?!

📈 Part of a larger market rally among dog-themed memecoins.

🔍 Another possible factor influencing the pump is the celebration of ‘DOGE’ day on April 20th.

If you want to buy or trade BONK, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (19/04/24)

1️⃣ Tether Brings USDT And Gold Stablecoins To The TON Blockchain 💰

Stablecoin issuer Tether is reportedly launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins natively on The Open Network (TON) blockchain. Tether CEO Paolo Ardoino stated that USDT on TON will go live on April 20, and XAUT on TON will follow in the coming months.

Explaining the move, Ardoino stated,

Telegram has an impressive ecosystem with 900 million monthly active users. Tether has more than 300 million users globally. Tether and Telegram can empower each other's ecosystems.

Source

2️⃣ Mango Markets Attacker Guilty of Fraud Over $110 Million Exploit 🔒

A federal jury has reportedly found Mango Markets exploiter Avraham “Avi” Eisenberg guilty on all counts of commodities fraud, commodities manipulation, and wire fraud after a week-long trial in Manhattan. He now faces up to 20 years in prison but has not yet been sentenced by New York District Court Judge Arun Subramanian.

Source

3️⃣ Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots ☄️

Blockchain data-availability (DA) project ‘Avail’ has reportedly confirmed that it will be airdropping 600 million of its native AVAIL tokens to users. Notably, the confirmation comes a week after screenshots of the eligibility criteria leaked out on the social media platform X.

According to a blog post from the Avail team, 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.” Recipients are widespread, but the team said that they must be either blockchain ecosystem developers, testnet contributors, users of rollups (Polygon, zkSync, Starknet, Optimism, and Arbitrum), Polygon PoS stakers or Avail community members that have made significant ecosystem contributions.

Source

4️⃣ DAO Acquires Rights To The Image Behind The Doge Meme ⚡️

‘Own The Doge’, the DAO associated with the Shiba Inu meme behind the Dogecoin token, has reportedly secured the legal rights to the iconic image. Own The Doge project leaders John Monarch and ‘Tridog’ reportedly negotiated a deal with Sato Atsuko, the owner of the 18-year-old Shiba Inu named Kabosu. The deal saw the group purchase exclusive licensing and rights for the Doge image.

Own The Doge said that with more clarity around the Doge image copyright, there were opportunities for partnerships with big brands. The project said they reached out to Sato roughly three years ago and were able to negotiate a deal to purchase the rights to Kabosu’s image by working with legal experts in Japan and the United States.

Source

5️⃣ Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving 🔽

The U.S.-based spot bitcoin (BTC) ETFs registered cumulative outflows of $4.3 million yesterday. Notably, provisional data published by Farside Investors shows the ETFs have witnessed a total net outflow of over $319 million since April 12, with Grayscale's GBTC accounting for a large share of the withdrawals.

However, outflows from Grayscale have been a recurring occurrence since day one. The primary cause of the recent streak of net outflows appears to be a slower pace of inflows into other ETFs might be. Notably, BlackRock's IBIT attracted just $18.8 million on Thursday, down 93% from the monthly high of $308.8 million on April 5.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=MTB3di89DwU

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (18/04/24)

1️⃣ Worldcoin To Have Its Own Layer 2 Blockchain Called World Chain 🔥

Proof-of-humanity project Worldcoin has announced the launch of World Chain - its new layer-2 blockchain initiative designed to prioritise human users, enhance efficiency and foster real-world utility in Web3 applications. The Worldcoin Foundation also stated that users who have been verified as human will "enjoy priority blockspace over bots and some free gas.” This will reportedly also act as a way for developers to reach millions of users with apps focused on real-world utility.

Source

2️⃣ Bored Ape Creator Yuga Labs Just Offloaded NFT Games to Sharpen Focus on 'Otherside'

BAYC creator Yuga Labs has reportedly sold two of its gaming IPs - HV-MTL and Legends of the Mara, along with associated NFT collections to Web3 gaming studio Faraway. Faraway is also adding Yuga Labs’ Chief Gaming Officer Spencer Tucker as its new Chief Product Officer to help maintain continuity as the games continue under a new company. This means that Yuga Labs now has only two gaming properties remaining in-house: metaverse gaming platform Otherside, and the Bored Ape-themed Dookey Dash, which Faraway recently rebuilt as a free-to-play game due out soon.

Source

3️⃣ Binance’s $1B Emergency ‘SAFU’ Fund Now Makes Up 3% Of UDSC Supply ⚡️

Crypto exchange Binance is reportedly converting 100% of the assets held in its Secure Asset Fund for Users (SAFU) into Circle’s USDC stablecoin. Notably, this move has resulted in the crypto exchange now holding 3% of USDC’s circulating supply. For context, the exchange’s SAFU is an emergency insurance fund established in 2018 to protect Binance users in extreme situations, such as exchange hacks, where users could be reimbursed for unforeseen losses.

Source

4️⃣ Binance To Restart Operations In India As Compliant FIU-Registered Entity ☄️

According to an Economic Times report, crypto exchange Binance is planning to restart operations in India by paying a $2 million fine for non-compliance. After paying the fine, Binance will return to the country as an FIU-registered firm. Notably, this makes Binance the second overseas exchange after KuCoin to mark a return to the country after India’s financial regulatory body blocked access to crypto exchanges for non-compliance.

Source

5️⃣ Sweden Demands $90M In Outstanding Tax From Crypto Miners ‼️

According to a recent investigation conducted by the Swedish Tax Agency —Skatteverket, crypto miners in the country owe over $90 million in taxes after four years of misappropriations. Notably, the agency investigated the operations of 21 crypto-mining firms between 2020 and 2023.

The investigation revealed that 18 crypto-mining firms filed “misleading or incomplete” information to benefit from tax incentives. This includes crypto firms providing misleading business descriptions to avoid paying value-added tax (VAT) on taxable operations and avoiding paying import taxes on mining equipment or income tax on mining revenue.

Source

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

Buying BTC is easier said than done. If you do it wrong, it can cost you a lot of time and possibly lots of money too. In today’s video, you show you how to buy BTC the right way.

We will also give a brief explanation of what BTC is. If you’re reading this, chances are you already know. Even if you do, a refresher is never a bad idea.

If you know someone who’s not that familiar with BTC that’s considering buying, this is a video for them. It’s also a video for you, because we provide 10 tips on how to maximise BTC gains at the end!

Enjoy!

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (16/04/24)

1️⃣ Bitcoin Miners Could Be Forced Out of Norway With Data Center Law 💸

Norwegian lawmakers have reportedly passed a law placing data reporting requirements on Norway’s data centers. The new legislation will mandate official registration from all data centers in the country, including information about the owners and leaders of these centers and the type of digital services they offer. Norway will become the first European country to establish such a framework. The legislation is reportedly intended to regulate the use of energy devoted to crypto-mining operations.

Digitalization Minister Karianne Tung stated,

The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want.

Source

2️⃣ OKX Launches New Layer 2 On Mainnet, Aims to Bring 50 Million Users On-Chain 🔥

Crypto exchange OKX has announced the launch of the public mainnet of its new layer-2 blockchain called X Layer. OKX’s new layer-2 chain is an Ethereum-based zero-knowledge Layer 2 network that utilises the Polygon Chain Development Kit.

OKX CMO Haider Rafique stated,

We envision X Layer and other Layer 2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there. In pursuit of this vision, we are building an ecosystem that is as seamless and interoperable as possible.

Source

3️⃣ Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF ▶️

United States Senators Elizabeth Warren and Charles Grassley have reportedly sent a letter to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam asking for "an accounting of all meetings and correspondence” of Behnam’s contacts with former FTX CEO Sam Bankman-Fried during his tenure.

The letter quotes Behnam’s statement before a Senate Agriculture Committee hearing in December that revealed CFTC officials had met with Bankman-Fried and his team as many as 10 times at the agency over a 14-month period. Behnam also reportedly told lawmakers in 2022 that he'd exchanged "a number of messages" with the FTX founder.

Source

4️⃣ Crypto Exchange VALR Obtains South African License ‼️

South Africa’s Financial Sector Conduct Authority (FSCA) has reportedly granted new crypto asset service provider (CASP) licenses to South African crypto exchange VALR. Notably, Pantera-backed VALR is among the first batch of crypto firms to obtain approvals from the FSCA. Other platforms that recently received a license from the FSCA include exchange platform Luno and crypto social investment platform Zignaly.

Source

5⃣ Cryptojacker Conned $3.5M From Cloud Firms To Mine Crypto, Feds Allege 🔍

United States prosecutors have reportedly charged Charles O. Parks III with wire fraud and money laundering charges after he allegedly defrauded two cloud computing providers of $3.5 million to run a “large-scale illegal ‘cryptojacking’ operation” that mined $970,000 in cryptocurrencies. He now faces a combined maximum sentence of 50 years in prison and is scheduled to appear before an Omaha federal court on April 16.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=PYWsd8e5n-I

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (15/04/24)

1️⃣ Hong Kong Approves First Batch Of Spot Bitcoin, Ether ETFs In Drive To Become Crypto Hub 💸

Hong Kong has reportedly approved the applications of several spot bitcoin and ether exchange-traded funds. Specifically, China Asset Management, Bosera Asset Management, and HashKey have received approval from the Hong Kong Securities and Futures Commission to offer retail asset management services related to spot crypto ETFs. While the firms did not disclose the timeline of the launch, the approval of these ETFs is expected to provide investors with new asset allocation opportunities and strengthen Hong Kong's position as an international financial center and virtual asset hub.

Source

2️⃣ Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions 📈

PAXG, the gold-backed digital asset from Paxos, spiked to an all-time of $2,923 over the weekend amid a backdrop of rising tensions in the Middle East. Notably, this places PAXG’s price at a premium of over 20% to the yellow metal's per-ounce price of $2,342.90 on Friday's New York close. This has also lead some to question Bitcoin’s value as a geopolitical hedge.

A Paxos spokesperson stated,

Geopolitical events create price movements; it is not simple or straightforward to know what the price of gold should be at any given moment. In addition, the main spot gold markets are only open from Sunday at 6pm until Friday early afternoon. When events occur globally over the weekend, the price of gold could not be referenced against the main spot market because it is closed. Gold has been very volatile recently and even on Friday, gold traded in a $100 range, which is virtually unprecedented.


Source

3️⃣ Scam Crypto Projects Using Stolen Funds For Liquidity Disappear ‼️

Three crypto projects disappeared from the internet hours after blockchain investigator ZachXBT traced their liquidity to funds looted from previous hacks. Specifcally, ZachXBT identified that a wallet address holding stolen funds was providing liquidity to three new crypto projects: lending protocol Leaper Finance on Blast, Zebra DAO on Base and Glori Finance on Arbitrum.

Source

4️⃣ Solana's Mainnet Beta Update V1.17.31 Aims To Resolve Congestion Issues ☄️

Solana developers have reportedly released a mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain. Solana v1.17.31 is now recommended for general use by MainnetBeta validators. Earlier, the failure rate of non-voting transactions on the Solana network was as high as 76.8%

Source

5️⃣ UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says 🔍

At the Innovate Finance Global Summit on Monday, UK Economic Secretary Bim Afolami revealed that U.K. government is planning to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July.

Afolami stated,

We are now working at pace to deliver the legislation to put our final proposals for our regime in place. Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.


Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=WTs_Mv9rSEg

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (14/04/24)

1️⃣ Binance Executive Tracked To Kenya, Extradition Underway 🔍

The Nigerian Government has reportedly traced Nadeem Arjarwalla, the Binance executive who escaped custody, currently hiding in Kenya. The authority is now taking steps to extradite him to Nigeria. The Nigerian government is collaborating with Interpol and Kenyan police to bring Arjarwalla back to Nigeria to face charges leveled against him. According to an immigration official, Arjarwalla fled Nigeria on a Kenyan passport, and authorities are now trying to determine how Anjarwalla acquired the passport, as he had no other travel documents while in custody.

Source

2️⃣ Bitcoin Falls 8%, Drops Below $62K Before Rebound 🔽

Following news of Iran launching drones toward Israel, the price of BTC and the broader cryptocurrency market fell nearly 10% earlier today. Notably, data from Coinglass reveals that approximately $962.87M in liquidations have occurred within the past 24 hours. However, cryptocurrencies began to rebound sharply after Iran subsequently announced the end of military operations. Notably, Iran’s action is retaliation for an attack conducted by Israel days before, which targeted a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals.

Source

3️⃣ Uniswap Labs Hikes Swap Fee To 0.25% From 0.15% On Trades Through Interface 🕯

Uniswap Labs, the main developer behind the Uniswap Protocol, has reportedly hiked the fee it charges to users for using its front-end interface to trade on the protocol from .15% to .25% for most swaps. The swaps excluded from the fee include swaps between stablecoins based on the same underlying currency and wraps between ETH and WETH. Users can also avoid the fee by using an alternative interface to access Uniswap rather than the one developed by Uniswap Labs. Interestingly, the fee hike was made on Apr. 10, mere hours after Uniswap founder Hayden Adams revealed that the SEC had sent a Wells Notice warning of an incoming lawsuit to the company.

Source

4️⃣ GBTC Sees $166M Outflows Despite CEO’s ‘Equilibrium’ Remark ‼️

According to data from Farside Investors, the Grayscale Bitcoin Trust (GBTC) continues to experience significant outflows, with over $166 million and more than 2,500 BTC withdrawn from the fund’s holdings on Friday, April 12.

Notably, the significant outflows continue even though Grayscale CEO Michael Sonnenshein hinted on April 10 that outflows from the Grayscale Bitcoin Trust might be stabilizing. One potential reason behind the massive GBTC outflows is its comparatively high management fee of 1.5%, which is significantly higher than the 0.30% average fee charged by its competitors.

Source

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

The memcoin craze is showing no signs of slowing down, and Solana has been ground zero. This has left everyone wondering how they can get involved in a safe way. Today’s video shows you exactly that.

Make no mistake, memecoins are extremely risky and extremely volatile, but there’s no denying that they have the potential to produce life changing returns. This assumes you know what you’re doing.

By the end of this video, you’ll have all the tools you need to go down the memecoin rabbit hole. With some luck, you’ll find some gold at the bottom, or at the very least, a learning experience!

Enjoy!

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (12/04/24)

1️⃣ Chainlink Aims to Make Transfers Across Blockchains Safer with New Bridge App 'Transporter' ☄️

Decentralised oracle provider Chainlink has reportedly launched Transporter - an app that enables the cross-chain transfer of cryptocurrencies across the Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX networks.

Chainlink stated,

Transferring crypto across chains has historically been a risky activity, with bridge hacks accounting for nearly 50% of all value hacked in Web3. Transporter leverages Chainlink CCIP’s unmatched levels of security, which include an independent Risk Management Network that continuously monitors and validates the behavior of every cross-chain transaction over CCIP.


Source

2️⃣ FTX Founder Sam Bankman-Fried Appeals Fraud Conviction 🔍

Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried have reportedly filed the paperwork to appeal his conviction and sentence for fraud and conspiracy charges on Thursday. Notably, the filing came hours before the deadline to do so.

According to reports, SBF’s filing will likely go to the Second Circuit Court of Appeals, where a panel of judges could decide whether to affirm the decision in the former FTX CEO’s conviction in federal court or reverse the decision and set the groundwork for a possible new trial.

Source

3️⃣ Pac Finance Reportedly Causes $24M In Liquidations Via Sudden Parameter Change 🔽

Users of Pac Finance, a lending protocol and Aave fork on Blast network, have reportedly suffered $24 million in liquidations on April 11 because of a sudden parameter change made by a developer wallet.

According to smart contract developer Roffet.eth, this parameter change caused “the liquidation of a large number of ezETH leveraging farmers,” as these borrowers were now found to be violating the collateral rules for the protocol. Roffet called the parameter change “arbitrary,” since it was allegedly done without warning.

Source

4️⃣ FBI Subpoenas 2022 Event Attendees After Theft From Bitcoin Core Dev 😳

According to Mike Schmidt, the co-founder of Bitcoin non-profit Brink, the U.S. Federal Bureau of Investigation (FBI) has taken an interest in a Bitcoin core developer event held in October 2022. Notably, the FBI issued a subpoena to Schmidt demanding personal information of the attendees. The FBI subpoena is allegedly in connection with Bitcoin developer Luke Dashjr’s claim that someone stole more than 200 BTC from him during the event. The subpoena sought first and last names, GitHub usernames, and email addresses of the attendees. Schmidt, following legal advice, complied with the request, although the subpoena included a confidentiality clause that expired a year later, shortly before Schmidt's disclosure.

Source

5️⃣ EigenLayer Introduces Six Actively Validated Services Including Restaked Rollups And Ethereum-Native Oracle 🔴

EigenLayer has reportedly launched six new actively validated services (AVS). Notably, this expansion follows the initial introduction of EigenDA, EigenLayer’s first AVS. The new AVSs introduced include AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These services represent a broad spectrum of functionalities designed to address various needs within the Ethereum ecosystem.

Source

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Coin Bureau Insider

🔥 Rally Report 🔥

THETA NETWORK

The price of THETA has rallied by 7% in the past 24 hours.

WHY?!

☄️ Hybrid cloud computing platform Theta EdgeCloud has reportedly partnered with the distributed cloud GPU network project Aethir to launch the largest hybrid GPU marketplace for developers and enterprises.

🔴 The collaboration reportedly aims to provide 20-30 times greater power than any comparable network in the industry today.

If you want to buy or trade THETA, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

Layer 3s?!!

That’s right, as if Layer 2s weren’t enough, Ethereum now has a shiny new third layer. The L3 space is still incredibly small, and yet they’ve already managed to stir things up in a big way.

Not only do Layer 3s provide even more scalability than their Layer 2 counterparts, they also allow brand new functionality not previously possible on Ethereum. This means 2 things: They’re incredibly speculative, and some could have 100x potential.

The concept of Layer 3s has also divided the opinions of some investors and high-profile crypto natives, and it’s clear they’ll have their fair share of obstacles.

Today, we’ll be taking a look at Layer 3s, what they bring to the table, where to look for those 100x projects, and the challenges that L3s could face.

Enjoy!

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (09/04/24)

1️⃣ Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police 🥶

Team members of STFIL, a liquid staking platform for Filecoin, are reportedly under investigation by the Chinese police. The project tweeted that it has hired lawyers to assist the individuals currently being detained. It further stated that Filecoin tokens from the platform were moved to an "unknown, external address" last week while the core technical team members were under detention. This address currently holds 2.5 million FIL tokens ($22 million).

Source

2️⃣ BitMEX Co-Founder Must Face Suit Over ‘God Access’ Trading Desk, Judge Rules ▶️

A United States federal judge has ruled that Ben Delo, the co-founder of crypto exchange BitMEX, “was central” to alleged manipulation efforts and “conceived of and designed” a liquidation system allowing BitMEX “to profit from the manipulation.” Delo is now set to face a class-action lawsuit from exchange users. Specifically, the lawsuit, which was filed in 2020, claims BitMEX co-founders Ben Delo, Arthur Hayes and Samuel Reed used customer information to determine which market moves would liquidate the highest number of users — which would net the exchange a profit — and would conduct trades to make that happen.

Source

3️⃣ Chainalysis Hires Former Chief Of IRS Criminal Investigations ⚡️

Blockchain analytics firm Chainalysis has reportedly hired Jim Lee, the former chief of the Internal Revenue Service’s Criminal Investigations (IRS-CI) unit. Lee joins the organisation as its Global Head of Capacity Building. In this role, Lee will help law enforcement, regulators, and other organisations leverage the company's tools to fight illicit financial crime

Lee stated,

As Global Head of Capacity Building, I’ll be working to better enable the men and women in law enforcement to thwart many threats in parallel — just like I have been for the last 29 years — and will primarily focus on helping international agencies develop solutions against cryptocurrency-based crime to start. I’ll also have the chance to help crypto businesses and financial institutions in the private sector build and maintain robust compliance programs.


Source

4️⃣ Japanese Investment Firm Sees Stock Price Soar After Adopting Bitcoin 📈

Metaplanet, an investment firm focused on Web3 and metaverse-related businesses, saw its Tokyo-listed stock rise almost 90% in two days after saying it was adding $6.56 million worth of BTC to its balance sheet. The company stated that its decision to adopt BTC as a treasury asset was backed by Sora Ventures, UTXO Management, and notable individuals such as Mark Yusko, founder of Morgan Creek Capital, and Jack Liu, a founding member of Ordiswap. The company also said it is looking to minimise its exposure to the Japanese yen.

Source

5️⃣ 1inch Introduces Web3 Debit Card in Partnership With Mastercard and Baanx ‼️

DEX aggregator 1inch Network has reportedly created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard. The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs through seamless crypto-to-fiat conversion.

Source

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (20/04/24)

1️⃣ IRS Releases Draft Form To Report Certain Crypto Transactions 🧐

The U.S. Internal Revenue Service has reportedly released an early draft of its new Form 1099-DA “Digital Asset Proceeds from Broker Transactions” for reporting income from digital asset transactions. The form is expected to come into use in 2025 for reporting in 2026.

The Form 1099-DA draft posted on Thursday lists broker types: kiosk operator, digital asset payment processor, hosted wallet provider, unhosted wallet provider and others. The form also reveals the agency will likely have an array of individual token codes that can be filled in, and it includes spaces for wallet addresses and where to find transactions on the relevant blockchain.

Source

2️⃣ Bitcoin Completes Fourth Halving, Ushering In New Era for BTC ☄️

The Bitcoin network has completed its fourth halving event. After the 840,000th Bitcoin block was created, successful miners now earn 3.125 BTC per block completed, in addition to network transaction fees. Post-halving, the price of BTC appears to be holding steady, although there has been a significant spike in transaction fees on the network due to the launch of a new protocol called Runes.

Source

3️⃣ Telegram Commits To TON Blockchain, Plans To Support Tokenized Emojis And Stickers NFTs ‼️

At the recent Token2049 event in Dubai, Telegram founder Pavel Durov announced major plans to tokenise features, share ad revenue with users and onboard Tether’s stablecoin to the TON blockchain. Durov estimates that the advertising market running on blockchain rails could be worth tens of billions of dollars and that users, from owners of large group chats to content creators, will get a decent share of the revenue.

Durov stated,

The reason we love blockchain. It’s a technology of freedom. We care about freedom. Even our logo, the paper airplane symbolizes freedom to move in three dimensions.


Source

4️⃣ Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto 🔍

Chirag Tomar, an Indian citizen, pleaded guilty this week to U.S. charges that he created a fake version of Coinbase Pro's website, letting him steal real user’s login credentials and plundering more than $9.5 million of cryptocurrency from hundreds of victims.

Tomar was arrested at the Atlanta airport on Dec. 20, 2023, while visiting family on a travel visa. He was charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. Both carry a maximum sentence of 20 years in prison.

Source

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGWIFHAT

The price of WIF has rallied by 20% in the past 24 hours.

WHY?!

☄️ Coinbase International has announced that it will add support for WIF perpetual futures on Coinbase International Exchange and Coinbase Advanced.

‼️ The opening of WIF-PERP will begin on or after 9:30am UTC on 25th April 2024.

If you want to buy or trade WIF, we have a 20% trading fee discount + $600 bonus for you on Binance 👇

🔗 https://www.coinbureau.com/deals/trading/binance/

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

The Bitcoin halving is here, and BTC will blast off to new all time highs… right? Well, not so fast. The history of BTC’s returns immediately after the halving are mixed to say the least.

This time around there are also concerns about the profitability of Bitcoin miners post halving. Many reports suggest that many majors could go under. They would likely dump their BTC.

But, as with the expectations of the immediate pump, there’s more to the Bitcoin miner story than meets the eye. Not that it matters – BTC’s history has shown that all time highs come eventually!

Be sure to stick around to find out just how high BTC could go after this halving.

P.S. We hope you will enjoy our new deals skit!

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https://www.youtube.com/watch?v=qqO9-uj-m2o

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (17/04/24)

1️⃣ Railgun Refutes Claims of North Korean Laundering Following Price Surge 🧐

Privacy protocol Railgun has refuted claims that it was used by North Korean hackers and other United States-sanctioned entities to launder cryptocurrency. It stated that the hacker group is “blocked from using the Railgun system” due to its “Private Proofs of Innocence” system, which went live over a year ago.

Railgun’s comment comes in response to various reports, including Wu Blockchain’s post about Lazarus Group hackers using Railgun to launder stolen assets and blockchain security firm Elliptic once labeling Railgun a “prime alternative to Tornado Cash.” Interestingly, the denial comes shortly after Railgun’s token price jumped over 123% after Ethereum co-founder Vitalik Buterin noted the project’s privacy benefits on X. Arkham Intelligence data also showed that the “vitalik.eth” address transferred 100 ETH (about $311,600) to Railgun.

Source

2️⃣ Crypto-Like Communication Devices Could Break Gov’t Surveillance — Telegram Founder Durov 🔥

In a recent interview with US journalist Tucker Carlson, Telegram Messenger founder Pavel Durov predicted that rising government surveillance will force the birth of secure communication devices inspired by cryptocurrency hardware wallets. He also claimed that the Federal Bureau of Investigation (FBI) attempted to persuade people affiliated with Telegram to install backdoors for surveillance purposes.

He stated,

The world is becoming less amenable. Governments are becoming less tolerant of privacy. And that’s clearly the trend because they have more technological power.


Source

3️⃣ Upbit Suspends Crypto Transactions Exceeding 1 Million Won ▶️

South Korean crypto exchange Upbit is reportedly suspending deposits and withdrawals of digital assets of more than 1 million Korean won ($721). Notably, Upbit stated that the move is a result of its suspension of use and termination of Ten&Ten’s Travel Rule Solution service, one of the local facilitators of deposits and withdrawals.

Ten&Ten helped the crypto exchange offer crypto deposits and withdrawals of over 1 million won. Other VASPs that allow deposits and withdrawals over 1 million won include Bblock, Gopax, FlatExchange, Aprobit, Prabang, Borabit, BTX, Flybit, Foblegate, Bithumb, Coinone, Korbit, Coredocs, GDAC, Hanbitco, Qbit, Korea Digital Asset Trust and Oasis Exchange.

Source

4️⃣ Tokenholders Approve $7.5B AI Merger ⚡️

Tokenholders of SingularityNet, Fetch.ai and Ocean protocol have reportedly approved a $7.5 billion merger that would create a combined Artificial Superintelligence Alliance (ASI) project. According to the announcement, the Fetch.AI (FET) token will become the ASI token with a total supply of 2.6 billion. Meanwhile, SingularityNet (AGIX) and Ocean (OCEAN) tokens will be converted into ASI at approximate ratios of 0.43:1, with ASI tokens having a combined value of $7.5 billion post-merger. The ASI is scheduled for launch on May 24.

Source

5️⃣ U.S. Senators Lummis and Gillibrand Introduce Bill Prohibiting Unbacked Algorithmic Stablecoins Among Other Regulatory Frameworks 🔍

U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have reportedly introduced a new legislation called the Lummis-Gillibrand Payment Stablecoin Act. Notably, the bill requires stablecoin issuers to back their tokens by holding one-to-one cash or cash-equivalent reserves. It also prohibits unbacked algorithmic stablecoins and asserts that neither issuer nor users can use stablecoins for illicit or unauthorised purposes such as money laundering.

Sen. Gillibrand stated,

Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers and cracking down on money laundering and illicit finance.


Source

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Coin Bureau Insider

🔥 Rally Report 🔥

CORE

The price of CORE has rallied by 18% in the past 24 hours.

WHY?!

📈 The most likely factor behind the rally is the bullishness surrounding BTCFi.

☄️ Additionally, Core Foundation announced that it was hosting a private, invite-only event at Token2049. The event titled ‘BITCOIN SOCIAL’ is all about Bitcoin-aligned projects coming together in real life to drive conversations about building on Bitcoin and scaling it.

If you want to buy or trade CORE, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 👇

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s been a wild week in the crypto market, and we’re here to sum it up for you in a way that makes sense. For starters, macro factors such as the geopolitical situation caused billions in liquidation.

Then we got a bunch bearish crypto specific factors like the SEC sending a Wells Notice to Uniswap. There’s also a real risk that the escalation in the Middle East will be used to justify more crackdowns.

And yet, despite all of this FUD, a few cryptos managed to rally hard last week. Be sure to stick around until the end to find out which ones those were and where they could be headed next!

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Coin Bureau Insider

🔥 Rally Report 🔥

AIOZ NETWORK

The price of AIOZ has rallied by 25% in the past 24 hours.

WHY?!

📈 Part of a broader market rally following the dip experienced late last week due to geopolitical tensions

🔍 The rally is also influenced by other factors, including Hong Kong’s approval of several spot bitcoin and ether exchange-traded fund applications on Monday.

If you want to buy or trade AIOZ, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

When it comes to investing, narrative plays a big role. In fact, you could argue it plays the primary role in an asset’s price action, and not just in the crypto market.

Logically then, figuring out which assets will perform the best fundamentally depends on knowing which narratives will be the biggest in the short term and long term.

A recent report by Ark Invest spells out the 15 biggest narratives of 2024 and beyond. Together, they suggest there is one big narrative that everyone has missed, and that you need to pay attention to.

Watch until the end to find out what it is!

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Coin Bureau Insider

https://www.youtube.com/watch?v=A4j3g914rr0

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (13/04/24)

1️⃣ Coinbase Requests Interlocutory Appeal Over SEC’s ‘Controlling Question’ ▶️

In an April 12 filing before the U.S. District Court for the Southern District of New York, crypto exchange Coinbase requested the court to scrutinise a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange.

Coinbase stated,

The question presented here is unencumbered by factual disputes and therefore ripe for immediate review […] Whether an “investment contract” can exist absent any post-sale obligation is a pure, controlling question of law.


Source

2️⃣ Ethereum ETF Approval Could Come Monday—In Hong Kong: Report 🔍

According to a recent Bloomberg report, Chinese asset management firms Harvest Fund Management, Bosera Asset Management, and HashKey Capital are expected to get regulatory approval for spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday. The report also stated that if listing details are worked out in time with Hong Kong Exchanges & Clearing (HKEX), the products could be launched by the end of the month.

Source

3️⃣ Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request ☄️

An Australian Federal Court has reportedly agreed to a petition from the Australian Securities and Investment Commission (ASIC) to hand over approximately US$41 million in digital assets invested by over 450 Australians with the NGS group of blockchain mining companies to three specialists from McGrathNicol, an independent advisory and restructuring company.

The ASIC stated that it had commenced civil proceedings against NGS Crypto, NGS Digital and NGS Group and the sole directors of the companies: Brett Mendham, Ryan Brown and Mark Ten Caten, respectively. The NGS companies have been accused of targeting local investors to establish self-managed superannuation funds (SMSFs) and then convert the funds into cryptocurrency for investment in blockchain mining packages with promised fixed-rate returns.

Source

4️⃣ Software Engineer Sentenced To Three Years In Prison For Nirvana Hack ‼️

Shakeeb Ahmed, a security engineer who stole over $12 million from two different DEXs built on Solana, has reportedly been sentenced to three years in prison and three years of supervised release by a federal judge on Friday. Specifically, Ahmed was found guilty of flash loan attacks on the DEXs. U.S. Attorney Damian Williams said in a statement that Ahmed’s conviction was the first for hacking a smart contract. Ahmed was also ordered to forfeit $12.3 million as well as “a significant quantity of cryptocurrency” and to pay the exchanges $5 million in restitution.

Source

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (11/04/24)

1️⃣ SEC Issues Wells Notice To DeFi Protocol Uniswap 🧐

According to recent post by Uniswap’s chief legal officer Marvin Ammori, the U.S. Securities and Exchange Commission has issued a Wells notice to the decentralised exchange.

Ammori wrote,

Today’s Wells notice against Uniswap is disappointing, but is not unexpected from this SEC. If the SEC had authority over our self-custodial, non-intermediated products, it could tell us how to register them. It can’t and so it doesn’t. It has provided no clarity and no guidance — as several SEC commissioners have stated in multiple dissents.


Source

2️⃣ Solana Project Marginfi Withdrawals Top $214 Million After CEO's Resignation

Edgar Pavlovsky, the founder and CEO of decentralised lending protocol Marginfi, has announced his resignation after internal fissures at the major Solana DeFi project erupted into public view. Pavlovsky cited disagreements with Marginfi's internal and external practices. The departure has triggered a significant exodus of funds from the protocol, with data indicating withdrawals surpassing $130 million in the wake of the news.

His tweet reads,

The lawyers are still working things out but I've told everyone involved I don't really care about tokens, or money, or any of that. Let that be a clear statement of my intention here and of my principles. I've been running pretty red financially lately so this puts me pretty much back at $0, but if you've been in this industry for a while you know that's nothing new.


Source

3️⃣ Bankrupt Voyager Platform Secures $484m For Creditor Repayments 💵

Bankrupt crypto firm Voyager Digital has reportedly secured a total of $484 million through settlements with FTX, Three Arrows Capital (3AC) and Directors and Officers (D&O) insurance claims. Notably, this marks a significant milestone in the company’s financial recovery and creditor reimbursement efforts. An April 9 filing in the United States Bankruptcy Court disclosed that the majority of the reclaimed funds, roughly $450 million, stem from a settlement with FTX.

Source

4️⃣ Kraken To Delist Privacy Token Monero In Ireland And Belgium ☄️

Crypto exchange Kraken is reportedly winding down support for Monero (XMR) for its customers based in Ireland and Belgium. The exchange stated that it would halt the trading and deposits for XMR from May 10 and delist the asset on June 10. Kraken will also automatically close all margin trading positions of XMR after May 10. Users with any remaining XMR tokens on their accounts after June 10th will have their balances automatically converted into Bitcoin. Notably, the news follows recent developments in the European Union prohibiting crypto asset service providers (CASPs) from providing accounts for anonymous users or using privacy-focused tokens like Monero.

Source

5️⃣ Staking Provider P2P Launches Staking-as-a-Business for Institutions

Staking provider P2P.org has reportedly gone live with its Staking-as-a-Business (SaaB) model for institutions. The offering will help platforms like exchanges, wallet providers and custodians add staking and DeFi services to their businesses to diversify avenues of growth. The SaaB model will also offer support services such as marketing, legal and sales support.

Artemiy Parshakov, head of product at P2P.org stated,

This holistic support ensures a smooth transition for businesses venturing into staking & Defi services, guaranteeing a successful and profitable implementation.


Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=dQA6A-s6UxM

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (10/04/24)

1️⃣ Avraham Eisenberg 'Executed A Winning Trading Strategy,' Says His Defense Lawyer 🔍

According to reports from Inner City Press, defence attorneys for Mango Markets exploiter Avraham 'Avi' Eisenberg in their opening statement during the court case, emphasised once again that his actions enacted a lawful "winning" trading strategy.

The defence stated,

Every trade has a winning side, and every trade has a losing side. It is not illegal to win, to execute a trade that is to your benefit. He does not deny he did these trades. He does not deny he made a profit. But he denies he committed a crime, because he did not. He executed a winning trading strategy. He is not guilty.


Source

2️⃣ Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push ‼️

Hong Kong-based stablecoin issuer First Digital Trust is reportedly expanding its dollar-pegged FDUSD token to the Sui blockchain. Notably, this makes Sui the third blockchain that supports the token, after Ethereum and BNB Chain. The expansion is reportedly part of First Digital's effort to boost FDUSD usage among DeFi users. The expansion to Sui also makes FDUSD the first top stablecoin natively issued on the Sui network.

Source

3️⃣ Toncoin Hits All-Time High Price, Flipping Cardano Out of Top 10 📈

Yesterday, Telegram-linked cryptocurrency Toncoin (TON) flipped Cardano’s ADA token to become the ninth-largest cryptocurrency by market capitalization. Notably, the rally comes a day after TON Society developers set aside $5 million in Toncoin to incentivize users to verify their identity using palm-scanning technology. Another factor contributing to TON’s rise is the recent list of announcements made at the Web3 Festival in Hong Kong.

Source

4️⃣ Worldcoin Tightens Privacy Checks, Allows Users To Unverify World ID 🧐

Decentralised identity protocol Worldcoin is reportedly adding new features to increase the protection of personal data and improve age verification. Notably, the project announced two updates. The first is an ability to unverify World IDs via permanent iris code deletion and the second is in-person age verification checks. Unverifying the World ID includes permanently deleting the user’s iris code, a numeric representation of their unique iris texture. The second update, Worldcoin in-person age verification checks, are introduced to help ensure that the platform is available only to humans above the age of 18 years old.

Source

5️⃣ Solana Validators Pass ‘Timely Vote Credits’ Plan To Speed Up Transactions ☄️

Solana validators have reportedly voted to pass a proposal aimed at decreasing the latency of consensus “votes.” Notably, this is aimed at speeding up transactions on the blockchain. The proposal calls for a “Timely Vote Credits” mechanism on Solana. This would change how validators are incentivized to make “votes.”

For context, up until now, validators were given a flat one vote credit whenever they submit a consensus vote on a block that becomes finalized by the network. This resulted in validators delaying their votes just long enough to ensure they’re voting on the correct fork in order to maximize earnings. The new mechanism aims to give more credits to votes that have less latency.

Source

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Coin Bureau Insider

🔥 Rally Report 🔥

TONCOIN

The price of TON has rallied by 18% in the past 24 hours.

WHY?!

📈 The rally is a continuation of bullishness from yesterday’s Web3 Festival in Hong Kong.

⚡️ Additionally, Oyster Labs announced yesterday that it was launching a Web3-native smartphone specifically designed for the Telegram ecosystem.

If you want to buy or trade TON, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!

🔗 https://www.coinbureau.com/deals/trading/bybit-cb/

Looking for a Bybit guide?! 👇

📹 https://www.youtube.com/watch?v=YZV9mji7UQo

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