Panama Metropolis will start accepting Bitcoin (BTC), Ethereum (ETH), and common stablecoins corresponding to USDC and USDT for public service funds, together with taxes, charges, permits, and fines, in a transfer that positions the capital as a regional pioneer in crypto adoption.Mayor Mayer Mizrachi Matalon introduced the initiative on April 16 and known as it a “historic vote” by town council to modernize public finance and increase entry to decentralized fee choices.The change is about to take impact via a partnership with a neighborhood banking establishment that may immediately convert incoming crypto funds into US {dollars}, which stays the one…
Author: CryptoAINews
Trump reportedly exploring a web3 recreation, much like Monopoly, as his subsequent crypto enterprise Blockchain gaming exercise dropped by 6% in Q1 2025, however investor curiosity has been elevated President Donald Trump is reportedly eyeing a Monopoly-like actual estate-inspired board recreation with crypto components as the following funding within the digital asset area. Based on a Fortune report which cited sources conversant in the matter, the venture could possibly be unveiled this April. The report famous that the web3 recreation can be much like Monopoly Go, the place gamers journey, construct, and earn cash in return. Trump’s crypto pursuits The…
TL;DR A rising variety of numerous traders have continued to get rid of their ETH holdings, which might spell additional bother for the asset. With its worth already struggling nicely at $1,600, the query stays – what’s subsequent for the second-largest cryptocurrency? Galaxy, Whales, Establishments Offload The panorama round Ethereum just isn’t favorable in any respect, not solely concerning the underlying asset’s worth efficiency, however we’ll focus totally on that and the way numerous traders view it. Mike Novogratz’s Galaxy Digital, which is among the many massive gamers within the ETH funding ecosystem, is more than likely dumping a few…
What Is a Protected Haven?A safe haven is an asset folks flip to when markets drop and uncertainty rises. Throughout a recession, the economic system slows down for a very long time. You may discover this by:Larger unemploymentExtra bankruptciesDecrease spendingIn occasions like these, traders search for locations to park their cash safely.How Protected Havens Have Modified Over TimeProtected havens aren’t new. Folks have at all times searched for methods to guard their wealth. Up to now, they used:Gold and silverLand and propertyJewelleryGrain and meals providesLater, authorities bonds and insured financial institution accounts grew to become widespread choices. The U.Okay. was…
Ethereum (ETH) Layer-2 scaling answer ZKsync (ZK) has suffered a major exploit, ensuing within the lack of $5 million price of ZK tokens. The breach, which focused the platform’s good contract infrastructure, has been acknowledged by the protocol by a publish to the social media platform X. “ZKsync safety workforce has recognized a compromised admin account that took management of ~$5M price of ZK tokens – the remaining unclaimed tokens from the ZKsync airdrop. Essential safety measures are being taken. All consumer funds are secure and have by no means been in danger. The ZKsync protocol and ZK token contract…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content material author, journalist, and aspiring dealer, Edyme is as versatile as they arrive. With a knack for phrases and a nostril for developments, he has penned items for quite a few business participant, together with AMBCrypto, Blockchain.Information, and Blockchain Reporter, amongst others. Edyme’s foray into the crypto universe is nothing in need of cinematic. His journey started not with a triumphant funding, however with a rip-off. Sure, a Ponzi scheme that used crypto as cost roped him in. Fairly than retreating, he emerged wiser and extra decided, channeling his expertise into…
A compromised admin account linked to ZKsync’s airdrop contracts executed a transaction that minted roughly $5 million price of ZK tokens, stealing the remaining unclaimed allocation from the community’s first token distribution. The attacker exploited a operate to assert the tokens on April 15 and issued round 111 million ZK tokens, equal to roughly 0.45% of the protocol’s whole token provide.In line with statements shared by ZKsync on X, the exploit was confined to the airdrop distribution contracts. It didn’t have an effect on the ZKsync protocol, the ZK token contract, governance infrastructure, or any capped minters related to the Token…
Buyers pulled out $795 million from crypto funds final week Solely XRP and multi-asset funds noticed modest demand, whereas the remainder confronted sell-offs Buyers pulled $795 million from crypto funds final week, marking the third week of sell-offs. In reality, according to CoinShares’ weekly asset flows report, Bitcoin [BTC] led the outflows with $751 million, whereas Ethereum bled $37.6 million. The report linked the prolonged decline to tariff uncertainty. “Digital asset funding merchandise noticed a third consecutive week of outflows final week, totalling US$795m, as current tariff exercise continues to weigh on sentiment in direction of the asset class.” Supply:…
After struggling a devastating 90% plunge a couple of days in the past, Mantra (OM) is staging a partial rebound. CEO John Patrick Mullin has pledged to burn his complete crew’s token allocation, price lots of of tens of millions of {dollars}, as a daring transfer to win again group belief following a large liquidation occasion that rattled the ecosystem. A Crash and a Comeback On April 13, OM nosedived almost 90% in beneath 24 hours, triggering panic and a wave of pressured liquidations throughout crypto exchanges. Neighborhood hypothesis rapidly turned towards the Mantra crew, with accusations of insider dumping…
What’s Fnality and Earmarking?Fnality Worldwide is backed by 20 of the world’s largest monetary establishments. Its primary purpose is to modernize how banks settle giant transactions utilizing tokenized central bank money.In easy phrases, when huge banks commerce securities or settle monetary offers, they should transfer giant sums of cash. If these funds aren’t out there when wanted, it will possibly result in penalties and failed transactions.To resolve this, Fnality now permits banks to earmark funds for particular transactions. This implies an quantity of tokenized foreign money may be reserved forward of time for a selected deal at a specified second.…