MiningForDudes

Multiple altcoins crash on April Fools’ day, crypto market holds steady

A number of altcoins and memecoins saw a sharp sell-off on April Fools’ Day, April 1, with some tokens, including Act I The AI Prophecy, dropping nearly 60% in minutes.Act I The AI Prophecy (ACT), a token associated with the eponymous project focused on artificial intelligence, plunged 58% from $0.19 to $0.08 in less than an hour on April 1, with its market cap shedding $96 million, according to data from CoinMarketCap.The sharp drop of ACT came along with notable red action in the altcoin

Bitcoin’s quantum-resistant hard fork is inevitable — It’s the only chance to fix node incentives

Opinion by: Dr. Michael Tabone, senior economist for CointelegraphBitcoin (BTC) has long been hailed as unbreakable and untouchable, a digital stronghold against the forces of change. Bitcoin’s bedrock of security is facing its first true test with quantum computing, which should be addressed sooner rather than later. Its cryptographic armor will crack if not addressed, forcing the network to adapt or perish.Bitcoin’s node count is growing, but incentives are still absentBitcoin&rsqu

Bybit to shut down NFT marketplace as trading volumes decline

Cryptocurrency exchange Bybit has announced the shutdown of its non-fungible token (NFT) marketplace.In an April 1 announcement, Bybit warned its users that its NFT marketplace will cease operations on April 8, 2025, at 4:00 pm (UTC). Furthermore, at that time, the exchange will also shut down its Inscription Marketplace and its initial decentralized exchange offering initiative.The announcement explains that the measures are part of Bybit’s “efforts to streamline our offerings.&rdqu

Coinbase sees worst quarter since FTX collapse amid industry bloodbath

Publicly traded US-based crypto exchange Coinbase saw its worst quarter since the collapse of crypto exchange FTX in 2022.Coinbase shares started 2025 trading at just over $257 on Jan. 2 and ended the quarter at a little over $172 on March 31, a dip of 33%, according to market data.This makes the first quarter of 2025 the worst for Coinbase’s stock performance since the collapse of FTX in November 2022. In Q4 of that year, its share price went from nearly $66 on Oct. 3 to $35.4 on Dec. 30,

Hacker transfers $70M out of payment platform UPCX

Update April 1, 1:42 pm UTC: This article has been updated to add comments from Cyvers co-founder and chief technology officer Meir Dolev.An unauthorized party withdrew about $70 million in digital assets from open-source payment platform UPCX, according to a security alert issued on April 1.The blockchain security firm Cyvers flagged suspicious activity involving 18.4 million UPC tokens, estimating the value of the compromised funds at $70 million.Cyvers said someone accessed a UPCX address and

Why is the crypto market up today?

The cryptocurrency market is up today, with the total market capitalization rising by approximately 3.8% in the last 24 hours to reach $2.73 trillion on April 2. The gains were led by Bitcoin (BTC) and Ether (ETH), which have risen around 3% and 5%, respectively.Crypto market performance Jan. 30. Source: Coin360Let’s look at the top catalysts driving the crypto market rebound today.Markets take “deep breath” ahead of Trump’s “liberation day”The crypto market&r

Smart money concepts in crypto trading: How to track and profit

Key takeawaysSmart money consists of institutional investors with advanced tools and knowledge that can influence crypto market trends.Key concepts like order blocks, liquidity zones and fair value gaps can help traders align with smart money strategies.Real-time tracking tools such as Glassnode, Nansen and CoinGecko allow traders to follow smart money’s moves and capitalize on them.Following the movements of smart money is akin to navigating the open sea, using its wake to position yourse

Former Blade of God X exec claims game ‘abandoned’ Web3

A former executive of the Web3 game Blade of God X (BOGX) accused the project of abandoning its blockchain-based roadmap after raising funds through the crypto space.On April 1, BOGX’s former chief marketing officer Amber Bella claimed in an X post that despite being funded by Web3 sources, the game “completely abandoned” its Web3 goals and the team working on its Web3 features.  “Web3 was completely abandoned, and my Web3 team’s salaries went from delayed

Bitcoin mining using coal energy down 43% since 2011 — Report

The use of hydrocarbon fuels in Bitcoin mining has seen a sharp decline over the past 13 years, with the use of coal energy dropping significantly. The share of coal energy use in Bitcoin (BTC) mining has dropped from 63% in 2011 to 20% in 2024, according to a new report released by the industry organization MiCA Crypto Alliance in collaboration with the risk metrics data platform Nodiens.In parallel, the share of renewable energy used in Bitcoin mining has steadily increased, growing at an aver

Binance ends Tether USDT trading in Europe to comply with MiCA rules

Binance has discontinued spot trading pairs with Tether’s USDt in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).Cryptocurrency exchange Binance has delisted spot trading pairs with several non-MiCA-compliant tokens in the EEA in line with a plan disclosed in early March, Cointelegraph has learned.While spot trading pairs in tokens such as USDt (USDT) are now delisted on Binance, users in the EEA can still custody the affected tokens and trad

The future of digital self-governance: AI agents in crypto

Opinion by: Tomer Warschauer Nuni, chief marketing officer of Kima NetworkNo one should be surprised that the crypto space is actively discussing the new wave of enthusiasm around AI and its limitless uses. According to proponents, AI represents the most promising approach to enhancing blockchain technologies and decentralized applications, driving greater autonomy and efficiency across the ecosystem.The use of AI agents in crypto trading and interoperability between traditional finance (TradFi)

Bitcoin sellers 'dry up' as weekly exchange inflows near 2-year low

Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says.In an April 1 post on X, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.”Average exchange inflows down 64% since NovemberBitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows. Analyzing BTC inflows to major crypto exchanges, Adler

OpenAI to release its first ‘open’ language model since GPT-2 in 2019

OpenAI is set to launch an “open” version of its language model this year, allowing developers to run the model on their own hardware.In an update posted to X on March 31, OpenAI CEO Sam Altman said the artificial intelligence firm would release the powerful “new open-weight language model with reasoning” in the coming months but first wanted to gather feedback about “how to make it maximally useful.”“We’ve been thinking about this for a long time,

SpaceX flight bankrolled by crypto investor launches first manned polar orbit

Elon Musk’s SpaceX has sent a crew of four private astronauts on the first manned space flight to orbit the Earth’s poles, in a mission bankrolled and led by a wealthy crypto investor.Chun Wang, the Chinese-born Maltese entrepreneur who founded the Bitcoin (BTC) mining pool F2Pool, paid for and is leading SpaceX’s “Fram2” mission, which is named after a 19th-century Norwegian Arctic exploration ship.Wang and three others blasted off from Cape Canaveral, Florida, at

Gutter Cat Gang token sale marred by ‘technical issues,’ reportedly low interest

Non-fungible token (NFT) project Gutter Cat Gang (GCG) saw a rocky token launch of its GANG token on Apechain on March 31, attributed to a “technical issue” by a third party, though others pointed to reportedly low interest in the token. While GCG didn’t confirm these figures, it did state in a March 31 Discord post that no GANG tokens were distributed due to it encountering a “technical issue” by a third party. “Bad news,” the chief architect of G

Bitcoin price gearing up for next leg of ‘acceleration phase’ — Fidelity research

A recent Fidelity Digital Assets report questioned whether Bitcoin’s price had already seen its cyclical “blow off top” or if BTC (BTC) is on the cusp of another “acceleration phase.” According to Fidelity analyst Zack Wainwright, Bitcoin’s acceleration phases are characterized by “high volatility and high profit,” similar to the price action seen when BTC pushed above $20,000 in December 2020.  While Bitcoin’s year-to-date ret

Crypto exploit, scam losses drop to $28.8M in March after February spike

Losses to crypto scams, exploits, and hacks dropped to just $28.8 million in March, far from February’s spike to $1.5 billion in losses after the Bybit hack.Code vulnerabilities accounted for the most losses, at over $14 million, while wallet compromises were used to steal over $8 million, blockchain security firm CertiK said in an April 1 post to X.The most significant loss for the month was the $13 million March 25 smart contract exploit of the decentralized lending protocol Abracadabra.

Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’

Vanuatu has passed laws to regulate digital assets and provide a licensing regime for crypto companies wanting to operate in the Pacific island nation, which a government regulatory consultant has called “very stringent.” The local parliament passed the Virtual Asset Service Providers Act on March 26, giving crypto licensing authority to the Vanuatu Financial Services Commission (VFSC) along with powers to enforce the Financial Action Task Force’s Anti-Money Laundering, Co

zkLend hacker claims losing stolen ETH to Tornado Cash phishing site

The hacker behind the $9.6 million exploit of the decentralized money-lending protocol zkLend in February claims they’ve just fallen victim to a phishing website impersonating Tornado Cash, resulting in the loss of a significant portion of the stolen funds.In a message sent to zkLend through Etherscan on March 31, the hacker claimed to have lost 2,930 Ether (ETH) from the stolen funds to a phishing website posing as a front-end for Tornado Cash. In a series of March 31 transfers, the

North Korean crypto attacks rising in sophistication, actors — Paradigm

North Korean cyberwarfare attacks on the cryptocurrency industry are growing in sophistication and in the number of groups involved in such criminal activity, crypto firm Paradigm warns in report titled “Demystifying the North Korean Threat.”North Korea-originated cyberattacks range from assaults on exchanges and social engineering attempts to phishing attacks and complex supply chain hijacks, the report says. In some cases, the attacks take a year to play out, with North Korean oper