Author - James Lim

ZKasino is under scrutiny after users face withdrawal issues

Cryptocurrency betting platform ZKasino is reportedly facing criticism from users who doubt the platform’s reliability. Adding to the uncertainty, ZKasino’s official Telegram channel was rumored to have been banned, but crypto.news confirmed that the account is still active. ZKasino hasn’t responded to requests for comment. A significant concern also arose from the revelation that ZKasino’s deposit wallet holds...

HashKey halts Binance transactions amid global challenges

Hong Kong-based crypto exchange HashKey has announced that it will stop accepting deposits and handling withdrawals to and from wallets linked to Binance. In a statement released on April 19, Hashkey said the change will take effect next month, with deposits ending on May 10 and withdrawals on May 17. Hashkey did not give specific details behind its decision,...

VC roundup: Centrifuge, Crypto Valley Exchange, Nebra lock in funding rounds

Venture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding. Crypto Valley Exchange The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort. Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures,...

Bitcoin halving slashes block rewards, Hong Kong OKs crypto ETFs, TON touts growth | Weekly Recap

Bitcoin witnesses massive drop after halving; Hong Kong approves launch of spot Bitcoin (BTC) and Ethereum (ETH) ETFs; TON takes the spotlight amid impressive growth and more top headlines from last week. Build up to the halving Being the week of the fourth Bitcoin halving, this week witnessed a proliferation of discussions surrounding the much-anticipated event...

Sam Bankman-Fried to aid class action lawsuit targeting FTX celebrity endorsers

Disgraced entrepreneur Sam Bankman-Fried agreed to help FTX investors in their legal spat with the company’s celebrity endorsers, including Tom Brady, Shaquille O’Neal, Stephen Curry, and Shohei Ohtani, as well as supermodel Gisele Bundchen and actor Larry David. Bankman-Fried, who founded FTX in 2019 and caused its bankruptcy in 2022, has agreed to cooperate in the class action...

ARK Invest makes bullish moves pre-BTC halving, adds $40m worth of in-house spot Bitcoin ETFs

Ahead of the Bitcoin (BTC) halving, Cathie Wood’s ARK Invest engaged in a series of transactions reflecting the hedge fund’s bullish stance on the cryptocurrency’s trajectory. Among the notable moves was ARK’s addition of 139,152 units of its in-house spot Bitcoin ETF — the ARK 21Shares Bitcoin ETF — valued at $8.96 million. The purchase followed another substantial buy...

TON jumps 17% as Tether mints $10m in USDT on TON blockchain

Tether has allegedly minted $10 million in its largest stablecoin by market value on the TON blockchain in a move signaling potential expansion. Tether Holdings Ltd.’s USDT, the world’s largest stablecoin, is now available on the TON blockchain, as the firm’s transparency report indicates an issuance of $10 million on the network. As of press time, Tether made no public...

SPCT token plunges 43% amid allegations of a rug pull

Spectra Chain’s native token, SPCT, experienced a significant decline, plummeting 43% on Friday morning following emerging allegations of a potential rug pull by its team. At the time of writing, the token was trading at $0.0094, marking a 27% fall within the last 24 hours. SPCT 24-hour price chart | Source: CoinMarketCap Previously reaching an all-time high of $0.05065 on April...

Bitcoin could reach $100k by year-end, Komodo CTO

In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform Komodo, we discussed the implications that the upcoming halving might have on Bitcoin and the broader cryptocurrency market. The Bitcoin halving is almost here, and all eyes are on the flagship cryptocurrency. This key event will slash block rewards in half, affecting the premiere cryptocurrency’s supply...

India’s ED probe Bollywood star in $800m crypto ponzi scheme

India’s ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project. The Enforcement Directorate (ED) is probing Raj Kundra, a prominent businessman and husband of Bollywood actress Shilpa Shetty, concerning a money laundering case linked to a cryptocurrency Ponzi scheme dubbed ‘Gain Bitcoin.’ Notably, Kundra is not the...