Select Menu
06-May-24
Featured Flow
Menu
Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
The government of Turkey, one of the biggest cryptocurrency economies in the world, is expected to introduce crypto-related legislation sometime this year.
Turkish Treasury and Finance Minister Mehmet Simsek announced in January that local crypto legislation was almost complete. Many expected the Turkish parliament to start regulating the crypto market in early 2024, but the draft legislation is yet to be introduced.
As Turkey’s regulatory silence on crypto may leave one wondering when the legislation is coming and what is the current status of crypto regulation in Turkey, Cointelegraph spoke to some local industry enthusiasts to clarify some of the issues.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
A wallet containing 687 BTC that has lain dormant for 10 years has reawakened. Bitcoin cleared its 1 billionth transaction — exactly 15 years, four months, and four days after its launch in January 2009. In other news, crypto venture capital rose sharply in the first quarter, snapping three consecutive quarters of declines.
A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets on May 6.
The wallet first transferred 625.43 Bitcoin (BTC) to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. The movement of funds from very old wallets, especially from the Satoshi era, often sparks curiosity among the crypto community.
The transfer occurred a day before FTX debtors were set to release a new restructuring plan for the exchange.
Two wallets associated with the now-bankrupt FTX exchange and sister trading firm Alameda Research transferred a total of $8.3 million worth of cryptocurrency.
The FTX-associated address transferred 860 Tether Gold (XAUT) worth over $2 million to algorithmic trading firm Wintermute, while an Alameda-related wallet transferred a total of 2,027 Ether (ETH) worth over $6.3 million, to two unknown addresses, according to a May 6 X post by PeckShield.
While the reason behind the transactions is unknown, they come a day ahead of FTX debtors’ deadline to file an amended version of the “Plan and Disclosure Statement,” slated for May 7.
Runes recovered to account for the lion’s share of transactions on the Bitcoin network.
Bitcoin Runes has regained its top position in the Bitcoin network by surpassing the original Bitcoin, Ordinals and BRC-20 tokens in terms of daily transactions.
The Runes protocol launched on April 20 — coinciding with the fourth Bitcoin halving — to increase efficiency on BRC-20, an experimental standard for fungible tokens on the Bitcoin blockchain.
Data from Dune Analytics shows that Runes-related transactions made up a majority of the transactions on the Bitcoin network until April 24.
The trade agreements between China and Hong Kong could allow mainland investors to access spot BTC ETFs in Hong Kong.
The launch of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in Hong Kong on April 30 has opened new avenues for Asian traders.
While the first week of trading for Hong Kong-based spot ETFs was lukewarm compared to their counterparts in the United States, Hong Kong’s proximity to China has made it a key point of discussion on whether the ETFs could be accessible to mainland China investors.
Richard Byworth, managing partner at SyzCapital and BTC investor, has ignited rumors with recent comments suggesting that Bitcoin ETFs listed in Hong Kong could soon be accessible to investors from mainland China.
The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents.
The Bitcoin (BTC) ecosystem will soon lose an important privacy-enhancing service after zkSNACKs announced that it would discontinue its CoinJoin coordination service.
Max Hillebrand, CEO of zkSNACKs, spoke exclusively to Cointelegraph following the announcement and explained that the decision was made to ensure compliance with the latest legal and regulatory updates in the United States.
Hillebrand said the closure of the CoinJoin service was necessary given the lack of clarity in the U.S. over regulations pertaining to the cryptocurrency space and the use of privacy-enhancing tools.
According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade.
A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets on May 6.
The wallet first transferred 625.43 Bitcoin (BTC) to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. The movement of funds from very old wallets, especially from the Satoshi era, often sparks curiosity among the crypto community.
The term “Satoshi era” relates to the early days after Bitcoin was created when its pseudonymous founder, Nakamoto, was active online in forums. Some Satoshi-era wallets are often speculated to be linked to Satoshi himself.
Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.
Earnings from Bitcoin mining dropped significantly in May as the effects of the fourth Bitcoin halving event set in.
The Bitcoin halving mechanism was designed to increasingly limit the issuance of 21 million Bitcoin (BTC) spread over decades. The April 20 halving reduced mining rewards to 3.125 BTC from 6.25 BTC.
While initial hype around the halving and the launch of Bitcoin Runes temporarily sustained the miners’ daily earnings, a strong revenue drop was recorded in May. On May 1, the total revenue earned from block rewards and transaction fees fell to a new low of $26.3 million.
Bitcoin manages an impressive comeback from two-month lows, but how high can BTC price action go before speculators take over?
Bitcoin (BTC) starts a new week with bullish sentiment back on the radar as $64,000 returns.
In a stirring comeback, BTC price action has managed to leave its latest swing lows far behind it, gaining nearly $8,000 versus the pit of last week’s sell-off.
Despite some of those gains coming during the weekend, they proved to have staying power, and during the May 6 Asia trading session, bears are having no luck pushing the market back down.
Learn how to track cryptocurrency transaction histories with detailed steps to help navigate and understand crypto transactions.
Each transaction on the blockchain incurs a transaction fee based on a tiered pricing structure, meaning fees are determined by transaction size or network activity levels. These fees can vary significantly, making it important to monitor crypto transactions closely. A user can identify patterns and develop strategies to minimize costs by analyzing transaction history. Viewing transaction history can help with tracking and transaction analysis.
A cryptocurrency holder can perform transaction tracking in various ways, such as utilizing the search function on a blockchain explorer. This article provides a step-by-step guide on checking crypto transaction logs and where to find the historical data, which is crucial for transaction analysis.
Users can employ several strategies for transaction viewing:
After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network.
Twitter co-founder Jack Dorsey has left Bluesky’s board — the decentralized social media platform he conceived and funded in 2019 when he was Twitter’s CEO.
Bluesky confirmed Dorsey’s exit in a May 5 post on the platform, writing that it was “searching for a new board member” and thanked Dorsey for his help in starting and funding the project.
Hours earlier, Dorsey had responded with a curt “no” to someone on X asking if he was still on Bluesky’s board. Neither Bluesky nor Dorsey explained why he decided to leave. Bluesky did not immediately respond to a request for comment.
Department store gift vouchers, stocks, and loyalty points from tech giants can be donated to charities, but not crypto.
Digital currencies have been excluded from newly amended donation legislation in South Korea which could be a blow to the country's charities and donation drives.
On May 5, local media outlet Kyunghyang Shinmun reported that the Ministry of Public Administration stated that some amendments to South Korea’s “Donations Act” have been filed but restrict the use of crypto assets for donation.
Starting in July, those wishing to donate to charitable organizations or causes will be able to use various new methods such as department store gift vouchers, stocks, and loyalty points from Korean internet giant Naver, but not crypto assets such as Bitcoin (BTC).
Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume in the second quarter of 2024, but Visa’s head of crypto doesn’t agree.
Stablecoins may finally overtake payment giant Visa in total payment volume this quarter, according to research firm Sacra.
Visa’s head of crypto, however, disagrees.
In a blog post by Sacra co-founder Jan-Erik Asplund, the firm argued that stablecoins’ “extreme product-market fit for cross-border money movement” could see its total payments volume exceed Visa and reach over $4 trillion.
Franklin Templeton thinks Solana could be in the top three largest cryptocurrencies, with the blockchain’s tech in a good place to catch the next crypto wave.
Solana (SOL) — once thought “dead or forgotten” — is in a good place to become the third-largest cryptocurrency behind Bitcoin (BTC) and Ether (ETH), says investment manager Franklin Templeton.
Solana has dominated “in capturing the surge of activity in crypto from 2023 to 2024” and is “well-positioned to capture the next wave of crypto adoption, solidifying itself as the third major crypto asset,” the firm said in a May 2 market note.
Franklin Templeton pinned memecoins like Bonk (BONK) and Dogwifhat (WIF) along with “major airdrops” like Jito (JTO) and Pyth Network (PYTH) as kicking off a “wealth effect” on Solana which pumped token prices and boosted decentralized exchange volumes.
It is the first time since late 2022 where the industry has recorded two consecutive funding months above $1 billion.
Crypto venture capital funding has topped $1 billion for the second consecutive month this year.
April’s $1.02 billion in funding came across 161 investment rounds in April, marking a minor fall from the $1.09 billion recorded from 186 rounds in March, according to RootData.
However, it is the first time since October-November 2022 where the industry has recorded two straight funding months above $1 billion.
Bitcoin’s testnet needs to be reset so it can remain free for developers to use, says software engineer Jameson Lopp.
Bitcoin’s most popular testnet is in dire need of a reboot due to “block storms” and projects being able to charge users for testnet Bitcoin (TBTC), says Jameson Lopp, the co-founder of Bitcoin custody firm Casa.
In a May 4 essay titled “Griefing Bitcoin’s Testnet,” Lopp argued the Bitcoin testnet — TBTC — needs to be reset partially due to ongoing “block storms,” which come about due to a unique consensus mechanism on the testnet.
While the Bitcoin mainnet produces an average of 144 blocks per day, the testnet — which is subject to “slightly different consensus rules” — will occasionally produce over 10,000 blocks in a single day.
An average of 178,475 daily transactions have been made on Bitcoin during its 5,603-day existence.
The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation.
Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 was processed in block 842,241 at 9:34 pm UTC on May 5.
It comes 15 years, four months and four days after the pseudonymous creator Bitcoin (BTC), Satoshi Nakamoto, mined the network’s first block on Jan. 3, 2009.
The ayes are winning with 8,301 votes to 4,212 against at the time of publication.
Cardano founder Charles Hoskinson recently posted a “hypothetical poll” on the X social media platform asking the crypto community if they’d like to see a Cardano and Bitcoin Cash integration.
The poll received more than 12,000 votes in its first 24 hours with a 66.3% early majority voting “Yes” to the proposal.
As mentioned above, Hoskinson labeled his poll as being hypothetical. However, as Elon Musk has shown since his purchase of the X platform, it’s possible to use the platform as a steering point for decision-making.
The financial mogul’s commentary came during Berkshire Hathaway’s annual meeting.
Berkshire Hathaway co-founder Warren Buffett recently sounded off on artificial intelligence (AI) deepfakes and the perpetuation of scammers at the company’s annual shareholder meeting.
Buffett, the ninth richest person in the world (as of April 2024), has seen his own net worth grow by some $16 billion through the first five months of 2024 alone. During the shareholders meeting held in Omaha, Nebraska he lauded the company’s growth and perseverance despite the November 2023 death of vice chairman Charlie Munger.
However, the commentary quickly turned to AI as the meeting wore on. Speaking during a Q&A session, Buffett said “I don’t know anything about AI but that doesn’t mean I deny its existence or importance or anything of the sort."
Choosing a crypto wallet can be intimidating for newcomers. Which wallet is the easiest to use and the safest for storing digital assets?
Being in control of your own assets — having total freedom of how and to whom they are sent — is a foundational tenant of cryptocurrencies.
Today, over 10,000 cryptocurrencies exist on a multitude of blockchains. With the increased adoption and proliferation of digital assets, crypto users have more options than ever regarding how they store their assets.
However, there are trade-offs to consider: Hot wallets, those connected to the internet, are convenient for making frequent transactions but are more susceptible to hacks.
Hayden Adams strongly disapproved of low float tokens, considering them malicious and his biggest pet peeve.
Hayden Adams, Uniswap’s founder and CEO, has outlined his take on ethical considerations for effective token distribution amid concerns about the transparency and fairness of token distribution on EigenLayer.
In an X post, Adams emphasized that he was discussing tokens, not points. He then criticized the practice of hyping up and creating ambiguity during token distribution to inflate engagement metrics.
Adams cautioned against public speculation about future developments.
The lawsuit claims that Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos and Stellar Lumens tokens are securities.
Coinbase crypto exchange and its CEO, Brian Armstrong, face a new class-action lawsuit alleging investors were deceived into buying securities and claims the company’s business model is illegal.
The lawsuit filed in the United States District Court for the Northern District of California San Francisco Division, representing plaintiffs Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi and Brett Maggard from California and Florida, alleges that Coinbase’s digital asset sales knowingly violated state securities laws since the company’s inception.
The lawsuit claims that Solana’s (SOL), Polygon’s (MATIC), Near Protocol’s (NEAR), Decentraland’s (MANA), Algorand’s (ALGO), Uniswap’s (UNI), Tezos’s (XTZ) and Stellar Lumens’ (XLM) tokens are securities.
Sui maintains that its tokenomics are sound and that it uses reputable third parties to handle token storage.
The Sui Network has clarified misunderstandings about its token supply. In a post on X, the layer-1 blockchain refuted criticism of the tokenomics around distribution and control of its S SUI token.
In the statement, Sui maintains that its tokenomics are sound and that it uses reputable third parties to handle token storage. It claims tokens are released according to a predetermined schedule, they are publicly accessible, and its founders cannot control the treasury or tokens allocated to investors, including the community reserve.
Sui said the Sui Foundation manages the primary wallet holding locked tokens, which are released under specific conditions. The token releases support various projects, including Move programming language development, network security enhancements, hackathons and developer grants.
Bitfinex chief technology officer Paolo Ardoino explained that if the hacking group was telling the truth, it would have asked for a ransom, but he “couldn’t find any request.”
The claims by hacking group Fsociety that it hacked cryptocurrency exchange Bitfinex’s database and leaked 22,500 customer emails and passwords “seems fake,” according to Bitfinex chief technology officer Paolo Ardoino.
“If they had any real information they would have asked a ramson through our bug bounty, customer support ticket, emails, Twitter, etc. We couldn’t find any request,” Ardoino claimed in a May 4 post on X.
“We don’t store plaintext passwords, nor 2FA secrets in clear text,” he added.
The inverse head-and-shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” $67,500, according to a crypto trader.
Bitcoin’s (BTC) price could see a bullish trend reversal and “propel the next leg up” if the popular trading indicator known as the inverse head-and-shoulders pattern is confirmed, according to a crypto trader.
“If we don’t break straight through $67.5k then something like this forming over the next month would make sense for a bottom pattern reversal,” crypto trader Matthew Hyland explained in a May 4 post on X.
He is referring to the inverse head-and-shoulders pattern — a bullish indicator that signals the downtrend is easing, and buyers are becoming more dominant in the market.
CZ gets four months in prison, Gary Gensler had Ether as security for at least 1one year, and the FBI targets crypto mixers.
Former Binance CEO Changpeng CZ Zhao has been sentenced to four months in prison for failing to maintain an effective Anti-Money Laundering program at the cryptocurrency exchange. The sentence was delivered by Judge Richard Jones in the U.S. District Court for the Western District of Washington on April 30, following Zhaos guilty plea in November. Although prosecutors initially sought a three-year prison term, Judge Jones decided on a shorter sentence, noting that there was no evidence Zhao was directly informed of specific illegal activities at Binance.
The lawsuit filed by Consensys against the U.S. Securities and Exchange Commission (SEC) has revealed details about the Commissions view of Ether as a security. Based on court documents, the SEC and its chair, Gary Gensler, have reportedly considered Ether to be an unregistered security not in compliance with federal regulations for at least a year. The revelation is part of Consensys response to a Wells notice from the SEC with an unredacted complaint in a Texas federal court.
An advisory issued by U.S. Federal Bureau of Investigation against using unregistered cryptocurrency money-transmitting services may be targeting smart-contract privacy tools, according to legal professionals. On April 25, the FBI issued a public service announcement advising Americans to only use registered crypto businesses that adhere to Know Your Customer and Anti-Money Laundering regulations. The FBI highlighted that it had taken action against unlicensed cryptocurrency services, warning that users of such services could face financial disruptions, especially if their funds are mixed with those obtained illegally.
Spatial computing in the industrial metaverse appears to be paying off for the company that Steve Jobs built.
Apple’s Vision Pro headset, a mixed-reality spatial computing device, has been adopted by a majority of Fortune 100 companies, with more than half purchasing at least one.
Company CEO Tim Cook relayed the information during Apple’s first quarter 2024 earnings call, citing Vision Pro adoption as a sign of increased enthusiasm for the company’s products:
The Vision Pro launched in early February of 2024 with a price tag of $3,499 in the United States. In the time since, it doesn’t appear to have made much of a dent in the consumer market, where many lower-priced options, such as Meta’s Quest line of VR headsets, have dominated.
The telecom company is reportedly seeking $1.8 billion in loans amid a plan to raise a total of $2.9 billion in debt.
Vodafone, a United Kingdom-based telecommunications provider, hopes to bring blockchain technology to smartphone users by integrating cryptocurrency wallets with subscriber identity module (SIM) cards.
The ambitious move comes amid a company finance plan that reportedly involves Vodafone Idea — a separate entity operating in India that the Vodafone Group has a 45% stake in — taking on nearly $3 billion in debt, including $1.8 billion in loans over the next two years.
In a recent interview with Yahoo Finance Future Focus, Vodafone Blockchain Lead David Palmer discussed the company’s plans to integrate blockchain technology into smartphone sim cards:
Strong technical resistance levels and a high number of profitable traders pose the risk of modest pullbacks in the Bitcoin market.
Bitcoin's (BTC) price has rebounded by more than 12.50% just three days after hitting a two-month low of approximately $56,550, reaching over $64,000 on May 4.
This resurgence has been chiefly fueled by the U.S. Federal Reserve's commitment to maintaining interest rates unchanged throughout 2024. Additionally, positive U.S. employment data, revealing a decline in jobless claims to their lowest since mid-February, has further bolstered Bitcoin's ongoing price recovery.
Is there potential for Bitcoin to continue its upward trend, or are we anticipating another downturn?
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
Bitcoin (BTC) pushed to $64,500 on May 4 as out-of-hours trading produced fresh BTC price gains.
Data from Cointelegraph Markets Pro and TradingView confirmed new local highs of $64,522 on Bitstamp — a new peak for May.
The strength that appeared on United States employment data gathered speed into the daily close, fueled by encouraging crypto market recovery signals, including the first inflows for the Grayscale Bitcoin Trust (GBTC) in nearly three months.
Click on offer, you will be taken to the offer page. Read offer info on offer page. Follow instructions to participate in offer.
Instructions: Clear your web cash and or history, then to offer. Once on offer page, do not reload or refresh page. After completing offer (filling out offer form & submitting information, and or payment), stay on conformation page for 5-10 minutes. If any part of the process is interupted, restart from clearing web cash and history above.
From discounts to a free trial or even a free sample product. Offers are product specific. For additional product or offer info, read offer and contact company .
After completing a special offer, Recieve A Gift. Special offers, coming soon. Offers are subject to change at any time.
Terms and conditions vary depending on offer. Read carefully, check days allowed for trial, be aware of offer info and product info. 1Sense2Cents is not responsible for participation in offers. For assistance contact offer company. Ex: 20% off at specified Store (any info or assistance needed after offer participation, contact specified Store) In some cases assistance my be available. Click Contact, send a email.
Contact