US lawmakers’ proposed ban on algorithmic stablecoins draws industry backlash

A recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has drawn the crypto industry’s ire due to a proposed ban on algorithmic stablecoins. Former Blockchain Association member Jake... Read more »

Binance enhances SAFU fund stability through USDC amid regulatory progress in Dubai and India

Binance has completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, according to on-chain data. In an April 18 statement, Binance confirmed transferring 100%... Read more »

Worldcoin unveils World Chain, a Layer-2 network ‘built for humans’

Worldcoin Foundation announced on April 16  that it will launch a proprietary Layer-2 network on Ethereum called World Chain — describing it as a “new blockchain designed for humans.” World Chain is... Read more »

OG Bitcoin holders or ‘King’ Fish retain $15k cost basis after buying the dip

Glassnode data shows that OG Bitcoin holders, or Fish (yellow), those holding between 1 – 10 BTC, still have the lowest realized price by quite some margin at just $15,630. Compared to... Read more »

Solana-based PoW project Ore halts mining, announces version 2

Solana-based proof-of-work project (PoW) Ore has suspended its mining operations immediately, citing network congestion and instability issues. The halt follows a remarkable surge in Ore’s market value, which more than tripled following... Read more »

OKX launches ETH layer-2 network X Layer following Coinbase’s Base success

Crypto exchange OKX finally opened its  Ethereum layer-2 network X Layer mainnet to the general public on April 15. The scaling solution’s testnet was launched in November 2023 to much acclaim and was... Read more »

On-chain sleuth ZachXBT says X’s controversial ‘not a bot’ fee unlikely to eliminate scams

Crypto commentator ZachXBT criticized an annual fee that X now requires from new accounts. ZachXBT wrote on April 15 that the new policy will not eliminate bot account-driven scams because “hundreds of... Read more »

Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. However, Hong Kong’s foremost... Read more »

Bitcoin is the only way out of feudalism

The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering... Read more »

Top IRS official says ‘pure crypto tax crimes’ on the rise alongside scams

IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax... Read more »