News Bytes Archives - Page 17 of 18

Vitalik Buterin Wants to Make Ethereum as “Beautifully Simple” as Bitcoin

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Ethereum co-founder Vitalik Buterin announced on May 3, 2025, a five-year plan to simplify Ethereum’s protocol, calling the Bitcoin network “beautifully simple” in his blog post “Simplifying the L1,” as he aims to make Ethereum easier to understand and more secure for users holding bitcoin and other cryptocurrencies. Buterin proposed a simpler consensus system with […]

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Lightspark-Built Bitcoin L2 Spark Launches on Mainnet

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Spark, a bitcoin L2 platform fully compatible with the Lightning Network, has launched on mainnet. Promoted as “the fastest, cheapest, most UX-friendly way to build financial apps and launch assets on bitcoin,” the network enables a series of use cases destined for monetary applications, such as issuing stablecoins on top of bitcoin or building hybrid

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Certik Reports 4 Million in Crypto Losses for April 2025, Phishing Dominates at 7 Million

Certik Reports $364 Million in Crypto Losses for April 2025, Phishing Dominates at $337 Million

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Certik, a leading blockchain security firm, reported on April 30, 2025, that the crypto industry lost approximately $364 million to exploits, hacks, and scams in April, with $18.2 million returned, resulting in a net loss of $345.8 million. The firm highlighted that $337 million of the total losses stemmed from phishing attacks, underscoring the persistent

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Tesla Board Denies WSJ Report on CEO Search, Musk Slams Article as False

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The Wall Street Journal reported that Tesla’s board had initiated a search for a new CEO to replace Elon Musk, citing sources familiar with discussions that began in March due to Musk’s focus on his role in the Trump administration’s Department of Government Efficiency (DOGE) and Tesla’s declining stock price and sales. The report noted

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EU Securities Watchdog ESMA Issues Guidelines to Combat Market Abuse in Crypto Assets Under MiCA

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On April 29, 2025, the European Securities and Markets Authority (ESMA) published guidelines to enhance supervisory practices for preventing and detecting market abuse in crypto assets under the Markets in Crypto Assets Regulation (MiCA). Tailored for National Competent Authorities (NCAs), the guidelines draw on ESMA’s experience with the Market Abuse Regulation (MAR) and address the

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Bunq Launches Crypto Investing in Banking App, Expanding Services Across Europe and Beyond

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On April 29, 2025, Bunq, the second largest neobank in Europe, announced the launch of Bunq Crypto, enabling users to invest in cryptocurrencies directly through its secure banking app. Initially available in the Netherlands, France, Spain, Ireland, Italy, and Belgium, the service will gradually expand to the entire European Economic Area, as well as the

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Xi Jinping Backs BRICS Bank’s Growth as Key Driver for Global South Economies

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Chinese President Xi Jinping underscored BRICS’ New Development Bank (NDB) as a crucial emerging force in the global financial system during discussions with NDB President Dilma Rousseff. He emphasized that the NDB, spearheaded by BRICS nations, embodies the growing leadership of developing economies and stands as a golden symbol of Global South cooperation. Xi advocated

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DEX Aggregator 1inch Expands to Solana, Enhancing DeFi Ecosystem

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Decentralized exchange (DEX) aggregator 1inch has announced the expansion of its services to the rapidly growing Solana blockchain, solidifying its position as a leading swap marketplace in the decentralized finance (DeFi) ecosystem. With the integration of Solana, 1inch users can now enjoy secure token swaps at optimal rates, leveraging the blockchain’s impressive metrics, which include

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Crypto Czar David Sacks and Gemini Exchange Owners Join Donald Trump Jr.’s Exclusive 0K Private Club

Crypto Czar David Sacks and Gemini Exchange Owners Join Donald Trump Jr.’s Exclusive $500K Private Club

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A new private membership club in Washington, D.C., called Executive Branch, co-founded by Donald Trump Jr., is making headlines with its $500,000 membership fee and an existing waiting list. The club, which held a launch party over the weekend, attracted prominent figures including crypto czar David Sacks, Gemini exchange founders Tyler and Cameron Winklevoss, and

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Monero Price Rises 50% Amid Alleged Money Laundering Activities

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The price of Monero, a privacy-focused cryptocurrency, has risen by over 50% overnight on several exchanges, leaving crypto enthusiasts in search of an answer to this sudden increase. Onchain sleuth ZachXBT alleged that this move had been caused by the swap of a high amount of bitcoin to XMR, propping up the price gains. In

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