Nigeria appoints new pro-crypto SEC Director-General.

Nigeria’s recent appointment of Emomotimi Agama as the new Director-General of the Securities and Exchange Commission (SEC) has sparked optimism across the country’s burgeoning cryptocurrency sector. Agama, formerly the managing director of the Nigerian Capital Market Institute (NCMI), brings a crypto-friendly perspective to the role, a move initiated by President Bola Ahmed Tinubu to bolster economic growth and enhance investor confidence in the digital currency market.

Read more: https://secret3.com/news/nigeria-appoints-new-pro-crypto-sec-director-general/

Secret3

Nigeria Appoints New Pro-Crypto SEC Director-General

Nigeria's latest appointment signals major changes

Bitcoin mining profits plunge as hash price hits new low.

Bitcoin miners are currently facing a significant decline in profits. This downturn comes shortly after they experienced record-breaking earnings during the Bitcoin halving event. The average revenue per hash, a critical metric in mining profitability known as the hash price, has plummeted to its lowest level since October 2023, according to analytics from CryptoQuant. The hash price saw a steep drop from about $0.12 in early April to just $0.07 after the halving, with a brief peak at $0.19 on the day of the halving itself. This dramatic fall occurs as the Bitcoin halving slashed the miners’ block reward from 6.25 BTC to 3.125 BTC.

Read more: https://secret3.com/news/bitcoin-mining-profits-plunge-as-hash-price-hits-new-low/

Secret3

Bitcoin Mining Profits Plunge as Hash Price Hits New Low

Bitcoin mining crisis post-halving

BlackRock’s Bitcoin ETF records zero inflow for the first time.

For the first time since the launch of Bitcoin exchange-traded funds (ETFs) in the U.S., BlackRock’s iShares Bitcoin Trust (IBIT) has experienced a day with zero inflows, signaling a potential slowdown in the cryptocurrency market. Since its inception on January 11, IBIT had been a magnet for investors, amassing nearly $15.5 billion in just 71 days. However, this streak came to an abrupt halt on April 24.

Read more: https://secret3.com/news/blackrocks-bitcoin-etf-records-zero-inflow-for-the-first-time/

Secret3

BlackRock's Bitcoin ETF Records Zero Inflow for the First Time

BlackRock's daily inflow hits $0

Sam Bankman-Fried waives his right to conflict-free representation in a high-profile case.

Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, has made headlines again by waiving his right to conflict-free legal representation. This decision came to light during a recent courtroom appearance, marking one of the few times Bankman-Fried has been seen publicly since his conviction on multiple felony charges. Bankman-Fried’s legal team, comprising attorneys Marc Mukasey and Torrey Young, also represents Alex Mashinsky, the former CEO of Celsius, creating a potential conflict of interest. Despite this, Bankman-Fried chose to proceed with Mukasey and Young, while his previous attorneys from the criminal trial, Christian Everdell and Mark Cohen, have stepped down.

Read more: https://secret3.com/news/sam-bankman-fried-waives-his-right-to-conflict-free-representation-in-a-high-profile-case/

Secret3

Sam Bankman-Fried Waives His Right to Conflict-Free Representation in a High-Profile Case

Sam Bankman-Fried's daring court decision sparks outrage and intrigue

Starknet’s STRK token plummets after Nethermind and several airdrop hunters dumped millions after launch.

Starknet’s newly launched STRK token has seen a steep decline in value, dropping by nearly 60% and now trading under $1.90. This sharp fall came after Ethereum infrastructure firm Nethermind and several airdrop enthusiasts offloaded millions of dollars’ worth of the token shortly after its launch. Initially fetching a high of $4.41 upon its airdrop on February 20, according to CoinGecko, the token’s value plummeted to less than half within days.

Read more: https://secret3.com/news/starknets-strk-token-plummets-millions-dumped/

Secret3

Starknet's STRK Token Plummets: Millions Dumped

Starknet's cryptocurrency faces a significant price drop

AMD announces entry into blockchain interoperability through partnership with Wormhole.

Advanced Micro Devices (AMD), a leading semiconductor developer, has announced its entry into the realm of blockchain interoperability through a strategic partnership with Wormhole, a platform renowned for its ability to power large-scale multichain applications and bridges. This collaboration aims to integrate AMD’s enterprise-grade FPGA hardware accelerators into the Wormhole ecosystem, a step that is expected to significantly enhance the speed and scalability of multichain applications.

Read more: https://secret3.com/news/amd-sparks-blockchain-revolution-with-groundbreaking-web3-partnership/

Secret3

AMD Sparks Blockchain Revolution with Groundbreaking Web3 Partnership

Secure blockchain interoperability to the forefront with AMD's latest technology

Crypto exchange CEO faces jail over major legal breach!

In a groundbreaking legal development, Adam Todd, the CEO and founder of Digitex Futures Exchange, has been indicted by a federal court in the United States for a serious violation of the Bank Secrecy Act (BSA). This act, crucial in the battle against financial crimes, mandates that financial institutions must have an Anti-Money Laundering (AML) program in place to record and report specific transactions to the Financial Crimes Enforcement Network (FinCEN).

Read more: https://secret3.com/news/crypto-exchange-ceo-faces-jail-over-major-legal-breach/

Secret3

Crypto Exchange CEO Faces Jail Over Major Legal Breach

Digitex Futures leader accused of anti-money laundering failures

BlackRock breaks records with over 100,000 Bitcoins under management.

BlackRock’s iShares Bitcoin Trust (IBIT) has achieved a monumental milestone by amassing over 100,000 bitcoins (BTC). This feat not only underscores BlackRock’s aggressive acquisition strategy but also positions IBIT as a titan among the United States’ spot Bitcoin exchange-traded funds (ETFs). Launched on January 11, 2024, IBIT has experienced an explosive growth, with its holdings skyrocketing by more than 3,700% in just over a month. From an initial 2,621 BTC, the fund’s assets surged to 105,280 BTC by February 13, making it the first spot Bitcoin ETF in the U.S. to cross the 100,000 BTC threshold in such a short span.

Read more: https://secret3.com/news/blackrock-breaks-records-with-over-100000-bitcoins-under-management/

Secret3

BlackRock Breaks Records with Over 100,000 Bitcoins Under Management

BlackRock's Bitcoin ETF becomes a market behemoth, sparking financial frenzy

Bitcoin passes $1 trillion market cap!

Bitcoin has surpassed a market capitalization of $1 trillion, an achievement underpinned by a remarkable surge in its price to over $51,000. This milestone highlights the cryptocurrency’s dominant position, with its circulating supply now standing at 19,627,443 BTC, which represents 93.46% of the finite cap of 21 million BTC. This surge is not just a number; it signifies a growing confidence among investors, driven by a robust bull market and the approval of Bitcoin exchange-traded funds (ETFs) in the United States, among other factors.

Read more: https://secret3.com/news/bitcoin-passes-1-trillion-market-cap-barrier/

Secret3

Bitcoin Passes $1 Trillion Market Cap Barrier

Bitcoin's surge reflects a growing confidence in cryptocurrency

New $250 million crypto platform to launch in the Middle East!

Deus X Capital and Bridgetower Capital, two prominent private equity firms, have announced the launch of Bridgetower Middle East, a groundbreaking $250 million cryptocurrency infrastructure platform in the Abu Dhabi Global Market. This initiative is set to introduce advanced crypto staking, investing, and digital asset services specifically designed for institutional investors across the Middle East.

Read more: https://www.secret3.com/news/new-250-million-crypto-platform-to-launch-in-the-middle-east-by-deus-x-and-bridgetower/

Secret3

New $250 Million Crypto Platform to Launch in the Middle East by Deus X and Bridgetower

Bridgetower Middle East aims to revolutionize crypto staking and digital asset services for institutional investors in the UAE.