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KuCoin Market Share Plunges By 50% Amid Legal Tussle With US Authorities

KuCoin's market share has recorded a significant decline, falling from about 6.5% to less than 3% due to massive outflows of funds. This is according to a Kaiko data report on April 2. The market share decline follows a back-to-back lawsuit filed against the US Department of Justice (DOJ) and...

, by Jimmy Aki

Nigerian Government Collaborates with Interpol to Extradite Fleeing Binance Chief

The Nigerian government and the International Criminal Police Organization (Interpol) have commenced a concerted plan to extradite Binance Chief Nadeem Anjarwalla who escaped from detention on March 22, 2024. This collaboration was reported by a local media outlet, The Punch, on April 3, as the...

, by Jimmy Aki

Bitcoin Is A Hedge Against Currency Devaluation, Says Ark CEO Cathie Wood

Bitcoin is becoming a valuable tool to escape high inflation in countries with less stable currencies, according to Ark Invest CEO Cathie Wood. Cathie Wood’s Bitcoin Thesis The investor – whose asset management firm is a long-time bull on AI and blockchain – argued that...

, by Andrew Throuvalas

Central Banks to Explore Tokenization of Cross-Border Payments With Project Agora

A consortium of central banks worldwide, led by the Bank for International Settlements (BIS), announced a new initiative, "Project Agora," to explore the potential of tokenization to enhance existing financial systems.The BIS, representing 63 central banks globally, is engaged in various projects...

, by Hassan Shittu

Analysts Raise Suspicions Involving 100 ETH Transaction from AssangeDAO Address

SlowMist analysts have expressed concern over a 100 ETH transaction originating from an AssangeDAO address directed to a recipient apparently linked to the decentralized autonomous organization (DAO) on March 10.With some community members expressing concerns over a potential “Soft Rug...

, by Hassan Shittu

SEC Director of Enforcement Gurbir Grewal Slams Crypto Industry, Cites “Significant Non-Compliance”

Gurbir Grewal, the Director of the United States Securities and Exchange Commission (SEC)’s Division of Enforcement, took aim at the crypto sector for its “significant non-compliance” regarding crypto regulations Wednesday morning during remarks at Practicing Law Institute's...

, by Julia Smith

Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives

Fantom creator Andre Cronje recently expressed concerns about risk management practices within a specific DeFi project, indirectly referencing Ethena Labs' synthetic dollar, USDe. Without explicitly naming the protocol, Cronje highlighted issues related to funding rates in perpetual futures...

, by Hassan Shittu

Aave Introduces New Proposal to Adjust MakerDAO DAI Risk Parameters

Leading lending protocol Aave has unveiled a new proposal through its Aave Risk Framework Committee (ARFC) to adjust the risk parameters linked to the MakerDAO stablecoin DAI.

, by Hassan Shittu

Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter

The Ethereum network has experienced significant growth in the first quarter of 2024, with positive performance across various income statement metrics.

, by Ruholamin Haqshanas

KBW Increases Coinbase Price Target to $230, Citing Exposure to Long-Term Crypto Economy Growth

KBW has increased its Coinbase price target, citing the unique opportunity it gives users to tap into long-term growth potential in crypto.

, by Ruholamin Haqshanas

Lithuania’s Fintech Haven to Cull Crypto Firms Under New Licensing Rules

Lithuania intends to implement a rigorous licensing process for crypto companies currently operating within its jurisdiction. This initiative, scheduled to commence next year, is expected to result in the removal of many digital asset companies. Bloomberg reported Wednesday that about 580...

, by Shalini Nagarajan

Web3 Ride-Hailing App DRIFE to Integrate with Layer 1 Sui Blockchain

Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users. The blockchain-based mobility platform operates in India and the UAE providing fair and transparent ride-hailing experience. DRIFE’s key benefit...

, by Sujha Sundararajan

Get Ready: Wormhole’s Token Airdrop Opens Today for Claiming

Interoperability platform Wormhole is set to launch its highly anticipated token airdrop at 7:30 a.m. ET on April 3, 2024.

, by Ruholamin Haqshanas

Trading Bots in Asia React to ETF Flows Data After Market Closure, Leading to Pronounced Swings

Bitcoin investors in Asia are experiencing significant price swings as automated trading protocols react to flows data from US exchange-traded funds (ETFs) that hold the cryptocurrency. The impact of these automated trading algorithms is particularly felt during Asian trading hours...

, by Ruholamin Haqshanas

DeFi Exchange CrowdSwap Launches Decentralized Crypto ETF

Decentralized exchange CrowdSwap has launched the first decentralized crypto exchange-traded fund (ETF), comprising several crypto assets including Bitcoin and Ethereum. Announced Tuesday, the Bull Run dETF offers investors access to diversified portfolios within crypto ecosystem. The ETF...

, by Sujha Sundararajan

Paradigm Targets Over $750 Million in Upcoming Fundraising Effort

Paradigm, a key player in crypto venture capital, is eyeing a significant fundraising goal for its latest investment fund. According to a recent Bloomberg report, people familiar with the matter said that Paradigm has targeted the $750 million to $850 million range. If finalized at $750 million,...

, by Hongji Feng

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