May 1, 2024

Coinbase Adds Support for Bitcoin Lightning Network

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions...
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US DOJ Arrests ‘Bitcoin Jesus’ Roger Ver for $50M Tax Evasion

The United States Department of Justice (DOJ) has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million. According to an official release, the DOJ unsealed the indictment against Ver on April 29 and ordered his arrest in Spain during the weekend. U.S. DOJ...
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Bitcoin Newbies Are Panic Selling At A Loss After Price Crunch: Glassnode

The crypto market has faced a massive correction over the past month – and new investors are proving incapable of stomaching the volatility. Blockchain data show that 2024 Bitcoin buyers, who entered a raging early-year bull market in which Bitcoin (BTC) surged to a new all-time high, are now panic selling at a loss as...
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Binance Founder CZ’s First Words After Receiving 4-Month Prison Sentence

Binance founder and former CEO – Changpeng Zhao a.k.a CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In the first tweet following the sentencing, CZ revealed his intention to remain a passive investor and holder in the crypto industry while simultaneously...
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Nektar Network Begins Epoch 1 of Nektar Drops – Rewards for Ongoing Participation

[PRESS RELEASE – Berlin, Germany, May 1st, 2024] The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in predefined...
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This Analyst Says You Should Sell Your BTC in May and Go Away

Nic Puckrin, the co-founder and CEO of crypto information portal Coin Bureau, thinks selling one’s bitcoins (BTC) in May would be more profitable than offloading the assets in September. According to his tweet, the cumulative returns of disposing of one’s cryptocurrencies in May have surpassed selling in September or any other time of the year...
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LUKSO Announces Grant Program to Foster User-Centric, Social and Creative Projects

[PRESS RELEASE – Berlin, Germany, May 1st, 2024] Wave 1 of the Quarterly Program Will Be Backed by $1 Million in Funding from the Foundation for the New Creative Economies LUKSO, a next-generation EVM blockchain designed to revolutionize the way users interact with the new creative economy, announces the launch of a new grant program,...
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MultiBank.io: Spearheading the Cryptocurrency Trading Revolution

[PRESS RELEASE – Dubai, UAE, May 1st, 2024] MultiBank.io, the cryptocurrency exchange division of the esteemed MultiBank Group, is on the brink of transforming the cryptocurrency trading landscape. Leveraging the Group’s illustrious history of success and expertise, MultiBank.io is on course to ascend as the premier global cryptocurrency exchange. A Legacy of Innovation in Financial...
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Crypto Investor Sentiment Turns Neutral as BTC Price Plummets Below $57K

The Bitcoin Fear and Greed Index shows crypto investor sentiment has turned neutral following BTC’s slump below $57,000. According to data from Alternative.me, the fear and greed index sits at 54 for the first time in three months, signaling that crypto investors are neither fearful nor greedy amid the current market conditions. Investors Harbor Neutral...
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Bitcoin Loses $60K in Fourth 20% Correction in 12 Months, Will it Fall 30%?

BTC prices fell to a two-month low of $59,130 in early trading on May 1, a public holiday for most of Asia. It is the first time the asset has fallen this low since the end of February, when momentum was bullish. With monthly support now broken, analysts are eyeing the next levels and the...
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Uniswap DEX Captures 37% of Ethereum L2 Volume

Uniswap, the most widely used Layer 2 decentralized exchanges (DEXs) built on Ethereum, now accounts for approximately 37% of the total trading volume on L2. This represents a remarkable increase compared to the trading volumes observed two years ago. Uniswap L2 Volumes Surged Over 650% In a post on X, Tom Wan, a researcher at...
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Bitcoin (BTC) $ 97,439.11 4.18%
Ethereum (ETH) $ 3,131.79 0.25%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 241.61 1.36%
BNB (BNB) $ 609.33 1.07%
XRP (XRP) $ 1.13 1.90%
Dogecoin (DOGE) $ 0.382437 2.66%
USDC (USDC) $ 0.999976 0.07%
Lido Staked Ether (STETH) $ 3,128.67 0.26%
Cardano (ADA) $ 0.776893 7.74%