The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm. An April 17 filing in a United States District Court in California from Krzysztof Gagacki, who says they’re the […]

The European Commission has launched a new research unit that will investigate the impact of the algorithms made and used by prominent online platforms and search engines such as Facebook and Google. The research unit dubbed the European Centre for Algorithmic Transparency (ECAT), launched on April 18 and will help the Commission identify and address any potential risks posed by these […]

The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team. SafeMoon is a decentralized finance (DeFi) protocol that runs on BNB Chain. It was hacked on March 28, resulting in a loss of 27,000 BNB worth $8.9 million at […]

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18. Coinbase received a Wells notice from the U.S. SEC on March 22, indicating a possible enforcement action. The notice […]

Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18. The VASP authorization comes at a critical time for Kraken. The European Union is scheduled to conduct its final vote on the long-awaited Markets in Crypto Assets (MiCA) regulation. The MiCA legislation […]

The ICP token is currently up on its largest candle after following the trend of its nine bullish candles on the daily chart. Despite Bitcoin’s mood swings that saw it trade below the $30,000 price level yesterday, the Internet Computer token showed unwavering resilience as it maintained its bullish streak. Crypto day traders and analysts searching for trade opportunities of […]

Decentralized exchange (DEX) PancakeSwap wants to lower its token inflation to anywhere between 3% to 5% per annum, far below current rates of over 20%.  In a proposal released on Apr. 18, the DEX cited the need to transition PancakeSwap (CAKE) into a staking model characterized by “low staking inflation,” “real yield drawn from PancakeSwap’s protocol revenues,” and “product benefits […]

Bitcoin price recently hit $30,000 and still consolidates around that mark. However, many prominent traders and experts predict that the number 1 cryptocurrency is gearing up for more highs. In a recent analysis, crypto experts suggested that BTC could relive the 2021 bull cycle ahead of the upcoming Bitcoin halving event. Prominent crypto researcher Will Clemente implied in a tweet that […]

Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury Secretary Lawrence Summers expressed concern on Bloomberg TV […]