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Federal prosecutors said they will continue pursuing their case against Braden John Karony, the former CEO of crypto firm SafeMoon, despite the US Justice Department issuing a memo suggesting a policy of abandoning “regulation by prosecution” related to digital assets. In an April 18 filing in the US District Court for the Eastern District of…

Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of 250 US-based manufacturers — reported the sharpest declines in overall business activity since 2020. …

Bitcoin’s (BTC) richest traders and investors are increasingly bullish on BTC despite facing downside risks from unfavorable macroeconomic factors, the latest onchain data suggests. Bitcoin whales absorbing 300% of new supply Bitcoin whales and sharks are now absorbing BTC at record rates—over 300% of yearly issuance—while exchanges are losing coins at a historic pace, according…

Oregon Attorney General Dan Rayfield is planning a lawsuit against crypto exchange Coinbase, alleging the company is selling unregistered securities to residents of the US state, after the United States Securities and Exchange Commission’s (SEC) dropped its federal case against the exchange. According to Coinbase’s chief legal officer, Paul Grewal, the lawsuit is an exact…

As gold prices break new highs, many Bitcoiners are seeking ways to get exposure to the precious metal, but have been met with some hurdles along the way. Although physical gold is accessible in the form of jewelry, gold bars and coins, many industry executives are concerned about aspects like its quality, liquidity when selling,…

Blockchain firm Astar Network implemented changes to its tokenomics to reduce inflationary pressures in its ecosystem.  On April 18, Astar Network announced that it reduced the blockchain’s base staking rewards to 10% from 25% to curb token inflation.  The company said the change promotes a more stable annual percentage rate (APR) for users as staking…

Bitcoin (BTC) speculators may spark “significant” BTC price volatility as a large tranche of coins moves onchain. In one of its “Quicktake” blog posts on April 18, onchain analytics platform CryptoQuant warned that a Bitcoin market shake-up is due. CryptoQuant: “Volatility is coming” for BTC price Bitcoin short-term holders (STHs) are signaling that the current…

Hong Kong-based crypto investment firm HashKey Capital announced the launch of an XRP fund, with plans to convert it into an exchange-traded fund (ETF) in the future. According to an April 18 announcement, the fund, officially titled the HashKey XRP Tracker Fund, is reportedly “the first investment fund in Asia designed to track the performance…

Bitcoinlib, explained Bitcoinlib is an open-source Python library designed to make Bitcoin development easier.  Think of it as a toolbox for programmers who want to create Bitcoin wallets, manage transactions, or build apps that interact with the Bitcoin blockchain. Since its launch, it’s been downloaded over 1 million times, showing just how widely trusted and…

The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70.  However, the firm reiterates that this isn’t the first time the asset has been under significant stress, and several risk measures are in place. “Synthetix and sUSD have weathered multiple bear markets…