Pro-crypto lawyer John Deaton has outraised Senator Elizabeth Warren over the first quarter of this year for his bid to seize her Senate spot — bankrolling $1.36 million compared to Warren’s $1.09 million. A whose who of crypto backers make up Deaton’s top donors, including Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron […]
Security News
Crypto sleuth warns of scammers behind DeFi protocol
Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds. In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper Finance, a lending protocol based on Blast. According to the analysis, the group is behind several rug […]
Bitcoin’s ‘normal drop’ leads to $256M longs liquidated — analysts
Bitcoin’s price decline of over 7% within the last 24 hours has resulted in $256 million in losses for traders with long positions. However, analysts believe it’s nothing out of the ordinary, despite escalating geopolitical tensions in the Middle East. “So far, this is a normal drop. In fact, we’ve had several 20-22% drops this cycle,” […]
SEC breaks from past policy guidelines in Uniswap crackdown
The United States Securities and Exchange Commission (SEC) is contradicting years of its own policy guidelines in the latest action against decentralized crypto exchange Uniswap, said Cinneamhain Ventures’ Adam Cochran. In a legal analysis on X (formerly Twitter), Cochran referred to several previous decisions by the U.S. regulator over the definition of an exchange and […]
GBTC sees $166M outflow despite CEO’s ‘equilibrium’ remark
The Grayscale Bitcoin exchange-traded funds (ETF), GBTC, continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin withdrawn from the fund’s holdings on Friday, April 12. According to Farside Investors data, outflows from GBTC have now exceeded $16.2 billion since the Bitcoin ETF’s January launch. Since the month of April the daily […]
Coinbase requests interlocutory appeal over SEC’s ‘controlling question’
Cryptocurrency exchange Coinbase has requested a United States court to scrutinize a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange. “The question presented here is unencumbered by factual disputes and therefore ripe for immediate review,” Coinbase argued in an April 12 filing with the U.S. District […]
Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M of BTC
Cameron and Tyler Winklevoss have joined as co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin to support the club’s plans. The Winklevoss twins executed the investment and acquisition through their investment firm, Winklevoss Capital, according to a recent statement. The funding will be used to establish a […]
VeChain announces tokenized gloves in partnership with UFC — community responds
According to an April 12 blog post from VeChain, gloves worn by UFC fighters will soon be tokenized and their identities tracked on the VeChainThor network. The gloves will contain VeChain near-field communication (NFC) chips that record fight data, proving the authenticity of each pair, the post stated. After the fight, the athletes will “donate […]
Ethereum’s Pectra upgrade to make normal wallets ‘smart’ and improve UX
Ethereum’s Pectra upgrade, slated for late 2024 or early 2025, is bringing with it a host of more functionality for crypto wallets and upgrades to their user experience (UX). Ethereum Improvement Proposal (EIP) 3074 was approved for inclusion in the next update, which allows normal crypto wallets to work like smart contracts. One of EIP-3074’s functions gives standard externally owned accounts (EOAs), normal […]
Ethereum’s next hard fork could make lost private keys a thing of the past
Ethereum users may no longer need to worry about losing their seed phrases ever again after the Pectra hard fork — thanks to a new “social recovery” feature part of the planned Ethereum Improvement Proposal (EIP) 3074 upgrade. EIP-3074 was confirmed as a new addition to the Pectra hard fork by Ethereum core developer Tim Beiko in […]