Crypto News

🚨Tether has blocked two wallets with a combined amount of $14,214,355 USDT Tether has previously pledged to block payments to organizations subject to OFAC sanctions. On May 2, Tether and Chainalysis announced the development of a solution to monitor the secondary market in the USDT ecosystem.

Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 $BTC misses $60,000 by a few dollars as market recovery starts. 2️⃣ 💰 Ethereum Network growth hits one-year high witnessing creation of 266.6k new wallets. 3️⃣ 💰 Spot bitcoin ETFs record largest daily net outflows of $563 million ever. 4️⃣ 💳 MoonPay integrates PayPal to allow US users easier access to crypto purchases and sales. 5️⃣ 🚨 FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme. 6️⃣ 💰 Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since 7️⃣ 💰 Coinbase revenue soars by 72% to $1.6 billion, smashing analysts’ predictions 8️⃣ 🇪🇺 BNP Paribas, Europe's second-largest bank, reported exposure to a spot Bitcoin ETF in its latest 13F filing. 9️⃣ 🇹🇷 Turkey officially halts all trade with Israel. 🔟 🇺🇸US Senators Urge President Joe Biden to Act on Crypto Regulation. @cryptothedoggy // @EvanLuthraVIP

What does “market capitalization” mean? A “market capitalization” is an indicator of the general value of a cryptocurrency. To calculate it, multiply the price of one coin by its total number of coins in circulation (however, CoinMarketCap and CoinGecko do this for you already). For example, if the price for one coin is $100 and there are 1 million coins in circulation, its market capitalization, or “market cap,” will be $100 million. A coin’s market cap is a data point that gets a lot of attention from investors because it shows how much the market values a specific coin. The higher the market cap, the more valuable the coin is. Although there’s always tons of chatter surrounding the market caps of various cryptocurrencies, it’s by no means the only data indicator of a coin’s health. 🧠 Learn Crypto ↔️ Invest ⚡️

🤷 Binance founder Changpeng Zhao has been sentenced to 4 months in prison for violating anti-money laundering laws, although prosecutors sought three years. 👀 Did his sincere repentance help? Amid this news, the price of Bitcoin ⬇️dropped to $59,000, although many had expected it to fall to $56,000. Is more to come? 🤔

Is Bitcoin set for a sharp rise at the start of summer? $BTC will close April with a red 🕯candle, following 7 months of growth. Not too exciting, is it? However, crypto analyst TechDev has a somewhat different opinion in his post on X. 📊 Analyzing the two-month growth chart for Bitcoin, he found a possibility that the next candle could be similar to the one we saw in November 2020. It might potentially drive Bitcoin's price up 🚀 to $100,000. Do we believe it?

Crypto speak: Can devs do something? “Can devs do something?” is an ironic reaction to a price crash. Presumably, at first, the question arose without ironic overtones — perhaps an inexperienced investor really believed that the developers could somehow influence the coin’s price. But these days, the question has become a meme. Example: “Can devs do something about these prices?” 📈Crypto_Ocean

zkSNACKs restricts U.S.users access to Wasabi Wallet 🥐 zkSNACKs, the company behind the open-source Bitcoin wallet Wasabi, has indefinitely blocked 🇺🇸 U.S. users from accessing its services, including the wallet, APIs, and RPC interfaces. The block is enforced through an IP address 🔥 firewall, preventing users in the U.S. and its territories from visiting its websites or downloading its products. 👀 The company cited "recent announcements by U.S. authorities" as the reason for this action. This decision follows the 👮 arrest of the founders of Samourai Wallet, another privacy-focused Bitcoin wallet, which officials claim facilitates money 🧺 laundering. 🤔 The specifics of the policy change were not detailed in zkSNACKs' announcement.

Crypto Speak: Listing “Listing” (in both the cryptocurrency and securities worlds) is the process of an asset (such as a coin or stock) “appearing” on an exchange. If you read the phrase “Binance has listed the DOGE cryptocurrency,” it means that you can now buy and sell DOGE on Binance, whereas before the listing, you couldn’t trade the coin on that exchange simply because Binance didnt support it. 🎓 Life Academy | Business Tips 💳 | Success Goals 📊 | Crypto 1️⃣

Anticipated $1.4 Trillion Liquidity Boost Could Rekindle Bull Market Next Week 💸 Arthur Hayes has predicted that the U.S. Treasury is poised to potentially release 💰 $1.4 trillion into the financial markets next week from its Treasury General Account (TGA) and via reverse repurchase agreements (RRP). 🔜 Hayes believes that the upcoming May 1 Federal Reserve meeting won't significantly affect market trends. However, he 🤔 suggests that this substantial liquidity infusion from the Treasury has the potential to reignite the bull market.

🌎 Bitcoin is a much more decentralized asset than gold when you evaluate the concentration of their mining locations 📈Crypto_Ocean