Category: Crypto news

In a heartwarming display of digital closure, the venerable Neo blockchain, known in its twilight years as “Legacy,” will be gracefully retired by the end of October. Old code never dies, it just stops updating. Users and developers are being politely (read: emphatically) told to hustle their precious assets and beloved smart contracts over to Neo N3. Yes, before the Big Shutdown, unless you fancy the idea of your tokens embarking on a permanent existential vacation. 🪦💸

Now, the US Dollar Index (DXY) is having what the therapists like to call “a challenging time.” When the dollar is beefed up, crypto sheds a tear in the shower, but when it deflates, crypto gets the confetti out. According to the weekly chart (which probably needs a spa day), DXY just tumbled out of its support structure, and I wouldn’t bet on it climbing back fast. Dollar down = crypto up. If this keeps falling, even your aunt’s favourite altcoin might get a glow-up.

Apparently, the estimable Department of Justice felt compelled to beseech the federal judge for the heaviest of hands in sentencing, given Mr. Mashinsky’s “deliberate” mischief—one might term it the very opposite of a fortuitous misunderstanding. Billions gone, confidence shattered, and the only remorse witnessed was, alas, the stubborn kind reserved for the condemned when confronted by “overwhelming evidence” and an incontrovertibly signed confession. One may wonder if he imagined himself the protagonist of a sentimental novel, directed by a devotion to service so intense it entirely mislaid the small matter of honesty.

As reported via crypto.news (yes, reputable as the whispers of a Petersburg drunk at closing hour), AI16Z, an agentic AI coin—sentient, perhaps, but prone to existential dread—leapt to an intraday high of $0.305 in the Asian dawn of April 29. From the grave of monthly lows it soared, gaining nearly 200% and swelling its market cap to a more-than-respectable $328 million, or a sum large enough to invoke envy, despair, and reckless speculation at one and the same time.

So, Bitcoin’s flirtation with the 100 EMA is quite the spectacle—rare for a rally this far in, but let’s not jump to conclusions just yet. The 100 EMA is still above the 50 EMA, lingering at around $88,837, which—let’s face it—might as well be a cup of tea away from the current price. But wait, here’s where it gets thrilling: the 50-day EMA is practically waltzing in line with the 100-day EMA, creating quite the dramatic tension. If Bitcoin keeps up its cool composure, it could easily cross the line in the next couple of trading sessions. Talk about suspense. 🎩

Circle, the brainchild behind the famous USDC (yep, the world’s second-largest stablecoin, no big deal), has received the In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).

Enter NYDIG (New York Digital Investment Group), the guardian of Bitcoin for those high-rolling financial institutions. They were the masterminds behind transferring a hefty 2,860 BTC, worth a cool $270 million, from their wallet to another address. The receiving wallet, while not exactly fresh from the blockchain oven, had a history as riveting as an empty parking lot. Aside from a modest deposit from Bitstamp last month, it had been enjoying its anonymity. But now, thanks to this transaction, it proudly holds more than $271 million in Bitcoin – not bad for a quiet little address!

As the beast of AI hunger grows, demanding more power and cooler shade, miners sitting on grids with plenty of juice and chill might well become the sheriffs in this booming, buzzing town of data centers, according to the town criers at Galaxy Digital. They claim these green pastures offer steadier water than the wild river of cryptos.

According to a recent Wall Street Journal exposé (because nothing says excitement quite like WSJ), digital asset firms have been partying hard enough to ink 88 deals, amassing a sweet $8.2 billion in “transaction value.” For context, that’s nearly triple what the crypto world managed all of last year. 🤑

“We’ll take our time and maybe, just maybe, we’ll let you know what we think.” How reassuring.