Day: April 1, 2025

Bybit to shut down NFT marketplace as trading volumes decline

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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.” The decision follows a similar decision by major NFT marketplace X2Y2 announced earlier this week. Charu Sethi, president…

Digital Sovereignty Alliance strengthens industry advocacy at DC Blockchain Summit 2025 as Silver Sponsor

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Share this article Washington, D.C., April 1 2025 – The Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy, research, and education surrounding emerging technologies, including decentralized technologies, blockchain, cryptocurrency, Web3 innovations, and artificial intelligence, made a significant impact at the DC Blockchain Summit 2025 as a Silver Tier Sponsor. Presented by The Digital Chamber, this distinguished event convened policymakers and industry leaders for substantive discussions on blockchain innovation and regulatory frameworks—closely aligning with the Digital Sovereignty Alliance’s mission to advance ethical public policy…

Human Rights Foundation Donates 1 Billion Satoshis To Fund Bitcoin Development

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The Human Rights Foundation (HRF) has announced a new round of grants from its Bitcoin Development Fund, distributing 1 billion satoshis (10 BTC) to over 20 projects worldwide. The grants aim to support open-source Bitcoin development, mining decentralization, privacy tools, and educational initiatives for individuals living under authoritarian regimes, with a focus on Latin America, Africa, and Asia. The latest cohort includes diverse projects advancing Bitcoin’s role as a financial and human rights empowerment tool. NetBlocks, a digital rights watchdog organization, monitors and reports on internet shutdowns in real-time. Authoritarian…

Coinbase sees worst quarter since FTX collapse amid industry bloodbath

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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…

Hacker transfers $70M out of payment platform UPCX

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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 upgraded its ProxyAdmin contract. The attacker then executed a function that allows…

TRON DAO at DC Blockchain Summit with Justin Sun on opening panel

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Key Takeaways TRON DAO participated as a Gold Tier Sponsor at the DC Blockchain Summit 2025. TRON’s blockchain supports a substantial portion of USDT’s market capitalization. Share this article Geneva, Switzerland, April 1  2025  – TRON DAO the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), demonstrated its industry leadership at the DC Blockchain Summit 2025 as a Gold Tier Sponsor. Hosted by The Digital Chamber, the event brought together policymakers, industry leaders, and innovators to help shape the future of…

How to track and profit

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Key takeaways Smart 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 yourself for success in the crypto market. Smart money refers to the money being…

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

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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 payments to no payments at all,” Bella claimed. The former game executive also said…

No April Fool’s joke—Multiple altcoins suddenly tank on Binance

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Key Takeaways Multiple altcoins experienced sudden price declines on Binance, including a 50% drop for ACT. Binance’s position limit adjustments might have contributed to the market volatility and forced liquidations. Share this article Several altcoins experienced sharp price drops on Binance on Tuesday, with Act I: The AI Prophecy (ACT) plunging 50% from $0.18 to $0.083 within minutes. DeXe (DEXE) fell 38% to $11, while dForce (DF) declined 19% to $0.06. DEXE Chart Other affected tokens include Bananas For Scale (BANANAS31), LUMIA (LUMIA), QuickSwap (QUICK), and 1000CHEEMS. DF Chart The…

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

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The use of hydrocarbon fuels in mining Bitcoin has seen a sharp decline over the past 13 years, with the use of coal energy in mining dropping significantly. The share of coal energy use in Bitcoin (BTC) mining has dropped from 63% in 2011 to 20% in 2024, an average annual decrease of roughly 8%, according to a new report released on March 31 by the MiCA Crypto Alliance in collaboration with the risk metrics data platform Nodiens. In parallel, the share of renewable energy used in Bitcoin mining has…