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The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as a means of payment and a store of value.” Gold-Backed Tokens Additional Value-Preserving Instruments According to the Zimbabwean central bank, it plans to start issuing the recently mooted gold-backed digital currency on May 8. The digital currency, which will be backed by the gold held at the Reserve Bank of Zimbabwe (RBZ), is expected to complement the physical gold coins that went into circulation in July 2022. The announcement of the digital currency’s issuance date came just a few days after the central bank governor, John Mangudya, was quoted revealing the RBZ’s intention to fight local currency depreciation with gold-backed digital currency. A...

Join Our Telegram channel to stay up to date on breaking news coverage Launchpad, the consumer-focused platform that will offer insights and analytics across all Web3 sectors, has launched the presale of its native token, LPX. Web3 will be made simpler and more accessible with Launchpad. This brand-new cryptocurrency initiative is creating a user-friendly platform loaded with various Web3-based Features . What is Launchpad? Launchpad (LPX) was established in early 2023 with the straightforward but significant objective of assisting cryptocurrency investors in the Web3 market with their investment decisions. The project’s cutting-edge dashboard, which gives consumers incomparable data, will help it reach this aim. Investors may choose the top cryptocurrencies to buy by using this information, which also provides market sentiments on a variety of coins. For instance, Launchpad includes market perspectives from top analysts and investors in cryptocurrencies. Additionally,...

According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered any statement concerning the situation. FBI Conducts Mysterious Search on Home of Former FTX Executive Ryan Salame On April 27, 2023, a report from the New York Times revealed that Ryan Salame, the former co-chief of FTX Digital Markets, had his $4 million house in Potomac, Maryland searched on Thursday morning. Salame, who was a key figure at FTX, informed regulators in the Bahamas that the company was misusing customer funds just days before its collapse, according to court documents. The raid was disclosed by two individuals with knowledge of the matter, as noted by reporters Matthew Goldstein and David Yaffe-Bellany of the Times. The reason for Thursday’s search remains unknown leaving the motive...

Bitcoin and Ethereum price s remain under selling pressure as traders look for BTC price to cross the $30,000 psychological level and ETH price over $2,000. advertisement Large Bitcoin and Ethereum Options Expiry 105.8k BTC Options with a notional value of $3.1 billion are about to expire on Friday, April 28. The Put/Call Ratio is 0.86, with call open interests of 56,908 and put open interests of 48,894. The max pain is at 27,000. Max pain point is the price at which the largest number of Options holders face financial loss. Currently, the BTC price is trading near the $29,500 level. Bitcoin (BTC) Options Expiry. Source: Deribit In addition, 807.2k ETH Options are set to expire, with a notional value of $1.55 billion. The Put/Call Ratio is 0.78, with call open interests of 452,633 and put open interests of 354,620. The max pain is at 1,800. Currently, the ETH price is trading above the $1,900 level. Ethereum (ETH) Options Expiry. Source: Deribit Also Read...

Phantom Wallet CEO Brandon Millman argues airdrops may not be worth the hype and self-custody wallets are not off the hook regarding regulation. Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out , Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw to discuss how wallets are adapting to the cryptocurrency space’s multichain nature. Millman also shares his thoughts on airdrops for wallet applications, regulations and what a multichain landscape means for adoption. Before Phantom, Millman had prior experience building decentralized tools. He helped build Matcha.xyz, a decentralized exchange aggregator on Ethereum, and 0x APIs that power other aggregators. According to him, the important role wallet s play in onboarding users was what attracted him to building a wallet application. Pha...

Cosmose partners with Near Foundation to expand the application of AI in Consumer Retail. Cosmose was valued at $500m in the Latest Strategic Investment. The investment will support the transition to the Web3 ecosystem for a better experience and data protection for Cosmose users.  Cosmose AI (“Cosmose” or “the Company”), the global platform that predicts and influences how people shop offline, today announced the strategic investment from NEAR Foundation, a leader in Web3 technologies, valuing the company at $500 million. With this new investment, Cosmose is set to apply Web3 principles and further advance the AI-driven retail ecosystem. Founded in 2014, Cosmose AI connects the best of offline and online to create a seamless experience for shoppers and increase sales for retailers. Cosmose empowers some of the world’s most prominent companies including LVMH, Richemont, L’Oréal and Estée Lauder, whilst also offering AI-driven recommendations to its users encouraging them to shop in nea...

PeckShield in a subsequent tweet revealed that the root cause is likely due to the misconfigured yUSDT, which is exploited to mint huge yUSDT (approx. 1,252,660,242,212,927.5) from just $10K USDT. The huge yUSDT is then cashed out by swapping to other stablecoins. However, it needs to be confirmed if Aave has any role in the hack. advertisement The Flow of Stolen Funds. Source: PeckShield Also Read: Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details Beosin Alert noted that the total loss in the Yearn Finance hack is nearly $11,539,783. The blockchain security platform also reported the wallets having the most stolen funds from Yearn Finance. It also confirmed withdrawals of 996k USDC, 570k DAI, and 241k USDT from Aave Lending Pool Core V1. The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Trending Stories ...

Bitcoin has once again surpassed the $30,000 support level today. BTC is also up by 9% in value over the last 24 hours. BTC rose from a 24-hour low of $27,217 to reach $30,000 before falling to its current price of $29,903. The sudden spike in the value of Bitcoin is primarily due to the First Republic Bank . The bank lost more than 40% of its deposits, which accounted for $72 billion in Q1 of 2023. Additionally, the bank is expected to be seized by the US government. The stock price of First Republic Bank has also plummeted by almost 50% since yesterday. First Republic Bank driving Bitcoin’s price up The US government’s expected takeover of the bank and the expectations of more money being injected into the market by the FED helped the price of Bitcoin rise considerably. First Republic Bank is also expected to tumble like some of the other banks that failed recently. These include Signature Bank and Silicon Valley Bank. The cryptocurrency market witnessed a similar ...

Shiba Inu has established itself as a well-known meme-inspired cryptocurrency. It has even secured a place among the top 20 cryptocurrencies by market capitalization. The SHIB development team has demonstrated a steady commitment to improving the meme coin through various initiatives, developments, collaborations, and listings. According to the latest details, a popular Indian ex change could potentially list the Shiba Inu ecosystem token, “BONE.” Flitpay, an Indian cryptocurrency ex change , recently tweeted asking the community to vote on a poll on which coins to list next. Also read: Dogecoin (DOGE) Price History From 2013 to 2023 Two competitors in the poll were REEF and BONE. The current votes show that BONE will be the one to win, as it stands tall with 57.1% of the vote as opposed to 42.9% of that of REEF. Which coin do you want us to list next#Reef #ReefChain $REEF $BONE #bone — Flitpay: India's Popular Cryptocurrency Exchange (@flitpayofficial) April 25, 20...

Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached a breakout below the $1,800 level. Bitcoin Bitcoin (BTC) continued to trade near a one-month low, as markets prepared for the upcoming consumer confidence report in the United States. Following a high of $27,701.26 during yesterday’s session, BTC/USD fell to a low of $27,070.85 on Tuesday. This is the weakest point that bitcoin has fallen to since March 28, which is when it last traded below $27,000. BTC/USD – Daily Chart Looking at the chart, it appears that this drop took place as the relative strength index (RSI) moved back towards a floor at 41.00 At the time of writing, price strength is tracking at 43.14, following a failed breakout of a ceiling at 45.00. Should bears p...

The DeFi protocol appears to have erased its social media presence after news of the alleged exit scam broke. Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known as a "rug pull."  In an April 24 press release seen by Cointelegraph, blockchain security firm CertiK reported that the protocol's developer pulled 256 million Ordinals Finance (OFI) tokens out of its smart contracts using a "safuToken" function. Another 13 million OFI was removed through an "ownerRewithdraw" function, bringing the total number of tokens withdrawn to 269 million, CertiK stated. #CertiKSkynetAlert We can confirm that the @ordinalsfinance exit scam has resulted in a loss of $1 million. All social media accounts have been deleted as well as the project's website. Funds have been consolidated into EOA 0x34e…25cCFhttps://t.co/0Pwlt3yibm https://t.co/...