San Francisco-based blockchain development firm Movement Labs has received a strategic investment from Binance Labs, the venture capital arm of the world’s leading cryptocurrency exchange, Binance. The exact amount of the investment remains undisclosed. This backing from Binance Labs comes on the heels of Movement Labs’ recent announcement of a $38 million Series A funding round led by Polychain Capital. Movement Labs is on a mission to establish an ecosystem of modular Move-based blockchains, commencing with “M2” — a Move Virtual Machine Layer 2 tailored for Ethereum, as outlined in a stateme ..read more

Tether Holdings, the powerhouse behind the world’s leading stablecoin, Tether, has announced a staggering net profit of $4.52 billion for the first quarter of 2024. The company’s performance has exceeded expectations, with the majority of its earnings stemming from investments in Bitcoin and gold. In its quarterly report, Tether Holdings disclosed its net equity for the first time, revealing an impressive $11.37 billion as of March 31. This represents a substantial increase from the previous quarter’s $7.01 billion. Notably, around $1 billion of the profit was generated from operating earnings ..read more

Bitcoin prices took a steep dive on Tuesday, falling nearly 10% from recent highs. This drop comes after a rough month for cryptocurrency in general, with Bitcoin ending April down over 14%. Analysts are divided on what this means for the future of Bitcoin. Some, like Rekt Capital, point to historical trends and suggest prices could fall as low as $52,000. This analysis is based on similar price movements following previous halving events. Others argue that the recent correction is actually healthy for the market in the long run. They point to a decrease in leverage positions and a more balan ..read more

Changpeng Zhao, founder and former CEO of major cryptocurrency exchange Binance, was sentenced to 4 months in prison on Tuesday for failing to implement proper anti-money laundering (AML) safeguards. Zhao, known in the industry as “CZ,” pleaded guilty to the charges in November 2023. During the sentencing hearing, Judge Richard Jones acknowledged that Zhao had accepted responsibility and that Binance had cooperated with the investigation. However, Jones also noted the seriousness of the offense and the need to deter future violations within the cryptocurrency industry. Prosecutors had sought a ..read more

In today’s evolving financial landscape, many want to diversify their investment portfolios by venturing into the world of cryptocurrencies. For those banking with Ziraat Bank, the journey into digital assets may seem daunting. Our experts at Coincipher have conducted extensive research to provide you with a comprehensive guide to buy crypto with Ziraat Bank account easily, offering options, elaborating on limitations, and explaining what is needed to complete your purchases safely and smoothly. Summary Buying cryptocurrencies directly through Ziraat Bank is not currently possible, as the bank ..read more

As a leading voice in the crypto community, we understand that navigating the world of digital assets can sometimes be challenging. That’s why we’ve put together this comprehensive guide to help you master getting timely, reliable Crypto.com support. Whether you’re a new user or a seasoned pro, this article will equip you with the knowledge and strategies to resolve any issue with confidence and ease. Summary Crypto.com offers a variety of convenient channels to get in touch with their dedicated customer support team. The quickest option is often the in-app live chat, which provides assistance ..read more

MicroStrategy, a big player in software, has pumped a hefty $1.5 billion into buying more bitcoins in the first part of this year. Now, they’ve got a whopping 214,400 bitcoins, worth around $13.6 billion. MicroStrategy really believes in Bitcoin. They see it as a big part of their plan. With almost 1% of all the bitcoins out there, they’re making a strong statement in the digital money world. The software firm experienced an increase in revenue from subscription services during the first quarter, achieving double-digit growth as it transitioned its operations to the cloud, it said in a stateme ..read more

Bitcoin (BTC) is showing signs of consolidation within a narrowing range, accompanied by a short-term bearish bias. Such conditions have rendered both Bitcoin and the broader cryptocurrency market less appealing to long-term investors. However, amid this landscape, there arises a potential buying opportunity for alternative cryptocurrencies (altcoins) that exhibit strength. Analyzing Bitcoin’s recent behavior, one metric of interest is Coin Days Destroyed (CDD), which measures the age of coins involved in transactions. Significant spikes in CDD indicate movement of long-dormant Bitcoin, potent ..read more

ZetaChain is a groundbreaking public blockchain that enables omnichain smart contracts and effortless cross-blockchain messaging. You can now add ZetaChain to MetaMask wallet, allowing you to tap into ZetaChain’s robust and interoperable blockchain ecosystem. TL;DR ZetaChain, a trailblazing public blockchain enabling omnichain smart contracts and cross-blockchain messaging, can be easily integrated with your MetaMask wallet using ChainList. This trusted resource for blockchain network configurations allows you to unlock the potential of ZetaChain’s interoperable ecosystem, connecting your wall ..read more

Lido Finance, the leading decentralized finance (DeFi) protocol, has achieved a significant milestone, surpassing one million Ethereum validators. The milestone was officially disclosed through an X post on April 29, marking a momentous achievement for Lido Finance as the largest liquid staking protocol operating on the Ethereum blockchain. Liquid staking protocols like Lido Finance play a crucial role in expanding access to staking for retail users with limited capital, who would otherwise require 32 Ether to run their own validator nodes. According to data from Dune Analytics, Lido Finance ..read more