Landesbank Baden-Württemberg (LBBW) – Germany’s largest federal bank – is poised to offer digital asset custody services and has teamed up with the crypto exchange Bitpanda. The main goal is to meet the increasing demand for digital asset management among institutional and corporate clients and it is scheduled for release in the latter half of 2024. According to the official announcement, LBBW will leverage Bitpanda Technology Solution’s advanced “Investment-as-a-Service” (IaaS) infrastructure to provide cryptocurrency custody and procurement services to its corporate clients. Bitpanda said th ..read more

The crypto sleuth ZachXBT has warned about a group of scammers who are attempting to lure more victims by using millions in stolen funds in a new scheme. The investigation found that the same group who stole from projects like Magnate, Kokomo, Lendora, and Solfire is now back with a new project on Blast, Leaper Finance. Multi-Million Dollar Rug Pull Scam Network According to ZachXBT’s findings disclosed in a thread on X, the group has a history of executing rug pulls and is responsible for those that targeted users of Magnate ($6.5 million), Kokomo ($4 million), Solfire ($4.8 million), and Len ..read more

Binance executive Nadeem Anjarwalla is facing extradition from Kenya following his escape from custody in Nigeria. He was spotted after a manhunt was launched from Nigeria that led the authorities to Kenya, where his whereabouts were discovered. Binance Executive Set to Be Extradited According to a local report, the Nigerian government is working on extraditing Anjarwalla back to Nigeria in collaboration with Interpol and Kenyan authorities. The Binance executive will face charges related to the alleged manipulation of the Naira and the facilitation of illicit funds transactions through Binanc ..read more

Bitcoin’s price may be due for another correction despite a strong recovery from its weekend dump to $61,000, according to analysts at CryptoQuant. In a community “quicktake” posted on Monday, Bitcoin and Ethereum trader GAAH noted that the prevailing bullish market sentiment may be getting too hot based on information from the perpetual futures market. Is Bitcoin Still Overheated? As the analyst noted, average 30-dy funding rates remain high for Bitcoin, even after its latest price dump. Their current level mirrors that during Bitcoin’s 2021 all-time high, which today serves as the digital cu ..read more

Bitcoin (BTC) could be worth $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle upon the full deployment of the cryptocurrency’s exchange-traded funds (ETFs) in the coming years. According to a tweet by Bitcoin analyst Willy Woo, the digital asset can achieve these price targets if investors fully deploy Bitcoin ETFs according to the recommendations of asset management firms. Bitcoin’s New Price Targets To substantiate his claim, the Bitcoin analyst elaborated some calculations based on allocation recommendations, self-custody inflows, and market value to realiz ..read more

[PRESS RELEASE – Johannesburg, South Africa, April 15th, 2024] VALR, the Pantera-backed crypto exchange headquartered in Johannesburg, announced that it has been granted both a Category I and Category II license by the Financial Sector Conduct Authority (FSCA) of South Africa as a Crypto Asset Service Provider (CASP). This milestone makes VALR one of the first crypto asset platforms to receive regulatory approval in both categories in South Africa. The FSCA opened CASP license applications in June 2023, giving crypto asset providers six months within which to apply for a license to be complian ..read more

TL;DR Polkadot (DOT) remains well in the red on a weekly scale following the latest market decline. Nonetheless, some analysts are optimistic about the asset’s potential for significant gains in the near future, adding it to their portfolios. DOT’s Next Possible Move Polkadot’s native token—DOT—tumbled severely during the latest market correction. Its price is down 20% on a weekly scale, briefly plunging below $6. However, it started recovering in the past several hours and is currently trading at around $7 (a 7% increase in the last 24 hours). DOT Price, Source: CoinGecko One popular crypt ..read more

TL;DR Shiba Inu’s layer-2 solution, has seen a sharp increase in both active accounts and daily transactions, signaling network growth. Developments in Shibarium may fuel a potential rally for SHIB, which is already recovering alongside other meme coins like MEW and DOGE. Shibarium Keeps Progressing Shiba Inu’s layer-2 blockchain solution – Shibarium – once again made the headlines, experiencing a significant revival.  Latest data shows that active accounts on the network have surpassed 25,000, an 80% increase compared to the number observed the day before and a whopping 3,50 ..read more

A miner wallet from the early years of the cryptocurrency market has awoken from a long slumber, moving its assets to a centralized exchange. According to a tweet by Lookonchain, the wallet moved 50 BTC worth over $3.28 million to the crypto exchange Coinbase in the early hours of the Asian trading session. Miner Wallet Moves 50 BTC The wallet address 15sxzZ earned the BTC after validating a block on April 23, 2010, and has held the cryptocurrencies since then. At the time, Bitcoin’s value hovered around $0.04, and the stash was worth roughly $2. On October 25, 2020, the address received 547 s ..read more

Ethereum’s price has declined significantly over the weekend as a result of the rising tensions in the Middle East. Yet, there are still potential support levels available to hold the price. Ethereum Price Technical Analysis By TradingRage The Daily Chart During the daily timeframe, Ethereum’s price has formed a large bullish flag pattern. The recent drop has briefly pushed the price below the $3,000 support level, but the market has rebounded from the lower boundary of the channel. Judging by the quick recovery, the drop below $3,000 can be considered as a false bearish breakout. Therefore, E ..read more