Ethereum has dropped about 20% over the past 24 hours, falling below $1,500 for the first time since March 2023. Ethereum ( ETH ) is trading at $1,476 at the time of press, having recorded a 24-hour high of $1799. The broader selloff appears tied to macroeconomic tensions as Donald Trump’s sweeping new tariffs put pressure on the crypto market. The market has seen widespread losses as a result of the steep ETH price decline. According to Coinglass data , over $400 million worth of Ethereum positions have been liquidated in the past 24 hours. Long trades, which lost roughly $341 million, accounted for the majority of this. As traders pulled out of positions, open interest in Ethereum futures has dropped by 15%. One major investor was particularly severely impacted. A whale who had taken out a sizable loan on the decentralized finance platform Sky (formerly Maker) lost 67,570 ETH, or more than $100 million, according to Lookonchain’s Apr. 7 post on X. The loan was backed by ETH, and when the price dropped, the system automatically sold the collateral to cover the debt. As $ETH plummeted, the 67,570 $ETH ($106M) held by this whale on #Maker was liquidated! https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 You might also like: Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets Aside from the most recent selloff, Ethereum has had a rough few months. It closed the first quarter of the year 45% down, losing about $170 billion in value. This made Q1 2025 Ethereum’s third-worst quarter since 2016. Despite leading in DEX trading volume in March, the network’s fee income dropped sharply, from $142 million in January to just $21 million in March, as per DefiLlama data . Transaction fees were reduced by the March 2024 EIP-1559 , also known as the Dencun upgrade, which helped to lower fees. However, Ethereum became inflationary once more. One important deflationary indicator, the burn rate of ETH, has fallen to its lowest level since August 2021. Analysts seem to be approaching ETH with greater caution following a largely optimistic outlook in 2024. In March, Standard Chartered analysts lowered their year-end Ethereum price target from $10,000 to $4,000 due to the growing competition with Ethereum layer-2 solutions. These rollups continue to draw users away from the main chain by offering quicker speeds and cheaper fees. Even though the upcoming Pectra upgrade will strengthen the network’s fundamentals, the ongoing macroeconomic pressure is still expected to have an impact on Ethereum’s price. Read more: ‘Don’t fight the tape’: Nansen urges caution amid Trump tariffs, market fear
The post WazirX News: Delhi HC Questions Crypto Restructuring Without User Consent appeared first on Coinpedia Fintech News The Delhi High Court has stepped in as WazirX faces backlash for allegedly restructuring user crypto assets without consent. Petitioners claim that the platform is making changes without user consent, affecting even those assets not hit by a past cyberattack. The court issued a notice on March 28, 2025, in response to a petition filed by Sudhir Verma and Kunal Dhariwal against the Union of India, challenging the handling of crypto assets on WazirX. The application, part of a larger case filed in October 2024, seeks to stop the restructuring of user assets without consent. The court has now given the government two weeks to respond. The case has sparked concerns around user rights and data protection. Petition Challenges ₹4,400 Cr WazirX Asset Restructuring Notably, the petition challenges a Scheme of Arrangement dated March 12, 2025, proposed by Zettai Pte. Ltd. to manage and redistribute users’ crypto assets on WazirX, raising concerns over the lack of user consent and transparency. The petitioners argue that crypto assets worth ₹2,700 crore were not affected by the July 2024 cyberattack. However, a total of ₹4,400 crore in assets — including those unaffected — are now being restructured. This includes rebalancing and liquidating assets to cover Zettai’s debts and operational costs, such as ₹259 crore in legal and administrative fees. They claim this is being done without user consent, violating their rights. Petitioners Slam WazirX for Forcing Legal Waivers, Dodging Indian laws Furthermore, the restructuring plan also forces users to drop legal cases and protect the platform from any blame, even if they don’t agree with the plan. The petition also raises concerns about biased voting, since the process is being handled by a private advisor. To add to it, there are major data privacy worries, as personal and financial info of over 4 lakh Indian users is being shared with foreign companies. Interestingly, the petitioners claim that taking the restructuring case to the High Court of Singapore is a way to avoid Indian legal checks, which could leave Indian users without a fair legal solution. They’ve asked for a Special Investigation Team (SIT) of experts in cybercrime, financial fraud, and digital assets to investigate the cyberattack and make sure Indian laws are properly enforced. The next hearing is scheduled for April 29.
WazirX News: The defunct Indian cryptocurrency exchange has recently made a monumental stride by forging ahead with its debt restructuring plans following a cyber attack last year. On Monday, April 7, the CEX passed the Scheme of Arrangement plan proposed by its parent company, Zettai Pte Ltd. Notably, the scheme of arrangement is a debt restructuring plan filed with the Singapore High Court for recovering users’ funds impacted by an exploitation attack last year. WazirX News: Exchange Forges Ahead With Scheme of Arrangement, What’s Happening? According to an official release , Zettai’s proposed Scheme of Arrangement has garnered immense support recently. Following a voting session on the Kroll Issuer Services platform from March 19 to March 28, 93.1% of voting creditors, representing 94.6% in value, voted YES in favor of the scheme. In total, 141,476 creditors have casted a vote to decide whether or not the scheme should be passed. Out of these creditors, 131,659 were reported to have passed a vote ‘FOR’ the motion. The massive amount reflects that a significant portion of creditors are supporting the proposed WazirX restructuring scheme . CEX Founder Voices Optimism The Indian exchange’s founder, Nischal Shetty, said, “We are grateful for the strong vote of confidence. This consistent support across our entire base demonstrates shared belief in our restructuring approach and recovery plan.” What Are The Next Steps In the Fund Recovery Plan? “With the verified voting results, the next step is sanction by the Singapore Court,” WazirX revealed in its release. Its parent company Zettai remains poised to file an application with the Singapore High Court shortly ahead, primarily for sanctioning the scheme. Once the filing is acknowledged, Zettai will offer users a separate update with all the legal bindings. The users of the top crypto exchange can expect the first batch of funds distribution within 10 business days of the scheme becoming legally effective. Withdrawals and trading will resume in phases, primarily to ensure regulatory compliance. The platform’s colossal user base is finally set to receive lost funds after nearly a year of the attack on the platform, presenting as an optimistic news for the exchange’s community. The post WazirX News: Debt Restructuring Plan Gains Support, User Funds Recovery Imminent? appeared first on CoinGape .
CoinGecko unveils a brand refresh and two mascots, Gekko and Rex, celebrating its 11th anniversary amid crypto market turmoil. The new design system and logo aim to make CoinGecko more
The crypto world is more buzzing than ever in 2025, with fresh projects pushing boundaries and challenging the status quo. The blockchain space is evolving rapidly, but some tokens are catching the eyes of enthusiasts, developers, and businesses alike. Among them, Qubetics , Hedera, and Theta are creating a real stir with their innovative solutions and unique approaches to tackling long-standing issues. If you’ve been keeping an eye on the crypto space, the question on everyone’s mind is: which of these will be the next crypto to explode? And, more importantly, how do these projects stack up against each other? At the forefront of this buzz is Qubetics, a project that has already made waves with its presale success and is now entering the later stages of its presale with over 24,000 holders. If Qubetics isn’t already on your radar, it’s time to tune in. The innovative blockchain technology they’re offering through their QubeQode IDE is more than just a step forward—it’s a giant leap toward simplifying and democratizing blockchain development. But that’s just one part of the story. Then, there’s Hedera, a game-changer in the decentralized ledger technology space with its Hashgraph consensus algorithm. With some of the top-tier organizations backing it and its groundbreaking approach to scalability and security, Hedera has been quietly positioning itself for future dominance. Lastly, Theta is still making waves with its decentralized video streaming network, which is rapidly gaining traction in an industry that’s only getting bigger. Each of these blockchain projects holds unique qualities that could make them the next crypto to explode. So, let’s dive into what sets them apart, and what makes them contenders for the next big thing in crypto. Qubetics: A New Era of Blockchain Development with QubeQode IDE If there’s one project making waves for its sheer innovation in blockchain development, it’s Qubetics. The team behind Qubetics is not just building another blockchain; they’re creating an entire ecosystem that aims to make blockchain development more accessible for businesses, professionals, and even individual users. At the core of this ecosystem is the QubeQode IDE, an integrated development environment that promises to make it easier than ever to create decentralized applications (dApps) on the blockchain. The QubeQode IDE brings a level of usability that the crypto world has been waiting for. Developers no longer need to be blockchain experts to get their projects off the ground. With a streamlined interface and easy-to-use tools, Qubetics is opening the doors for businesses and individuals who may have previously been intimidated by the technical complexity of blockchain technology. This simplicity could be the key to unlocking blockchain’s true potential and helping it go mainstream. Here’s an interesting fact: Qubetics’ presale is currently in its 29th stage, and so far, the project has raised over $15.8 million by selling more than 506 million tokens to over 24,300 holders. At the current price of $0.1573 per $TICS token, Qubetics is certainly making waves. Analysts are predicting that the $TICS token could see returns of up to 9434% once the mainnet launches. As one of the most exciting new projects in the blockchain space, Qubetics is definitely a top contender for the next crypto to explode. What sets Qubetics apart is its focus on real-world problems. For example, the project aims to solve the complexity of developing decentralized applications (dApps) that can work seamlessly across different blockchains. This is a major pain point that has been holding back blockchain’s true potential. With the QubeQode IDE, businesses can now launch scalable, secure, and interoperable dApps that are easier to build, manage, and deploy. This approach directly addresses the scalability issues that have plagued earlier blockchain platforms like Ethereum, which often struggle with high gas fees and slow transaction speeds. Latest News About Qubetics The buzz surrounding Qubetics continues to grow as the crypto presale enters its final stages. In addition to the impressive token sales and presale figures, Qubetics is gearing up for a full mainnet launch later this year. As the team continues to develop the platform and roll out new updates, many industry insiders are eagerly watching Qubetics to see how the QubeQode IDE can reshape blockchain development. How Qubetics Solves Real-Life Problems In a landscape where many blockchain projects fall short on usability, Qubetics’ approach is refreshingly user-centric. By simplifying the development process with the QubeQode IDE, Qubetics is opening up opportunities for businesses to integrate blockchain without needing specialized knowledge. This democratization of blockchain technology could lead to its adoption by industries that have been hesitant to explore decentralized solutions until now. In other words, Qubetics could very well be the bridge that brings blockchain to the masses. Hedera: Redefining Scalability and Security with Hashgraph Technology Hedera’s vision is to create a decentralized public network that provides high performance, low fees, and security, all while maintaining scalability. What makes Hedera unique is its underlying technology: Hashgraph. Unlike traditional blockchain systems, which rely on Proof of Work or Proof of Stake consensus mechanisms, Hashgraph uses an algorithm called “Gossip about Gossip,” which makes transactions faster, more secure, and energy-efficient. As more businesses and organizations look to leverage blockchain for various applications, Hedera’s ability to process thousands of transactions per second without compromising on security or decentralization positions it as a serious player in the future of decentralized networks. The Hedera network boasts a governance structure that includes some of the world’s largest and most reputable companies, including Google, IBM, and Boeing, which further strengthens its credibility. Hedera has continued to make strides with partnerships in industries such as supply chain management, healthcare, and finance. In 2025, Hedera’s network adoption has expanded significantly, with more enterprises turning to its fast and secure network to build dApps. Moreover, the network’s upcoming HBAR staking functionality promises to unlock additional opportunities for token holders and add further utility to the Hedera ecosystem. Theta: Transforming the Video Streaming Industry with Decentralization Theta’s goal is to decentralize the video streaming industry, which has long been dominated by centralized platforms like YouTube and Netflix. The Theta network leverages a decentralized infrastructure that allows users to share excess bandwidth and computing power to improve the quality and efficiency of video streaming. With the global video streaming market expected to grow exponentially, Theta is positioning itself as the go-to solution for decentralized video delivery. Theta’s focus on improving streaming efficiency while rewarding users for sharing their resources sets it apart from traditional streaming models. By incentivizing users to participate in the network, Theta creates a win-win situation for both content creators and viewers. Additionally, Theta’s partnerships with leading streaming platforms and content providers have helped establish it as a serious contender in the decentralized video streaming space. Theta’s ecosystem continues to grow in 2025 with the expansion of its partnerships and content delivery services. The Theta network is now processing millions of hours of video content daily, and its recent partnership with one of the top-tier video platforms has helped it gain even more traction in the market. As the demand for decentralized media solutions grows, Theta is set to capitalize on this shift toward decentralization. Educating Readers About QubeQode IDE QubeQode IDE is not just a development tool—it’s a game-changer for blockchain. Here’s why: Ease of Use: QubeQode IDE allows users to create blockchain-based applications without requiring deep technical knowledge. Scalability: With tools designed for businesses of all sizes, QubeQode IDE helps scale applications quickly and securely. Cross-Platform Compatibility: It supports multiple blockchains, making it easier for businesses to operate on various networks without the hassle of managing separate systems. QubeQode IDE is setting a new standard in the industry, making blockchain development simpler and more accessible to everyone. Conclusion Qubetics, Hedera, and Theta are three of the most exciting blockchain projects to watch in 2025. Each one is innovating in its own right, from simplifying blockchain development with Qubetics to enhancing video streaming with Theta. As the next crypto to explode , these projects are well-positioned to make significant waves in the coming years. Keep an eye on these developments, as they’re about to change the game. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What is Qubetics’ QubeQode IDE? QubeQode IDE is an integrated development environment that simplifies the creation of decentralized applications, making blockchain technology accessible to everyone. How many tokens has Qubetics sold in its presale? Qubetics has sold over 506 million tokens to more than 24,300 holders, raising over $15.8 million. What is Hedera’s unique feature? Hedera uses Hashgraph technology, offering faster, more secure, and scalable transactions compared to traditional blockchains. How is Theta changing the video streaming industry? Theta decentralizes video streaming by allowing users to share resources, improving efficiency and reducing costs. How can businesses use Qubetics for blockchain development? With QubeQode IDE, businesses can easily develop and deploy decentralized applications, eliminating the need for specialized blockchain knowledge. The post Qubetics Surges as The Next Crypto to Explode in for April 2025, While Hedera and Theta Redefine Blockchain Innovation appeared first on TheCoinrise.com .
Tether, issuer of the world's largest stablecoin USDT, may offer a new token specifically for the U.S., according to a Financial Times report on Monday. Paolo Ardoino said the company had been involved in discussions about the U.S. rules on stablecoins and that it may create a token just for the U.S, depending on how these discussions unfold, the FT reported, citing an interview with the Tether CEO. Ardoino said that if new rules are brought in"make [U.S.] stablecoins competitive, there could be an interest from Tether to create a domestic stablecoin," which would be "basically a settlement currency." He added that the Trump administration views stableoins as "an important instrument in the United States." Stablecoins are digital tokens pegged to the value of a traditional financial asset, most commonly the U.S dollar. Regulations being considered by President Donald Trump's administration include plans to force foreign issuers trading crypto to comply with U.S. laws. Tether did not immediately respond to CoinDesk's request for further comment.
The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2? appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is $ 0.55746971 . ADA coin price could reach a potential high of $1.4045 in 2025. Cardano’s price, with a potential surge, could go as high as $10.32 in 2030. Cardano’s ADA price has sunk ~13.89% on its daily chart today to $0.5508, which comes in view of the ongoing market crash. Despite its tussle on the market charts, it has been doing seemingly well when it comes to developments, partnerships, and compliance with regulatory bodies. In a very recent feat, Cardano has achieved MiCA compliance, enhancing its legitimacy and accessibility across regulated European crypto exchanges. Are you considering buying Cardano this month before the altcoin season begins? Or, are you wondering, “Is Cardano a good investment?” or “Will Cardano reach $10?” Check out our detailed Cardano price prediction 2025, 2026 – 2030 for all your FOMOs and FUDs. Table of Contents Overview ADA Price Prediction 2025 Cardano (ADA) Price Prediction 2026 – 2030 ADA Price Prediction 2026 Cardano Price Targets 2027 ADA Price Forecast 2028 ADA Price Analysis 2029 Cardano Price Prediction 2030 Cardano Price Prediction 2031, 2032, 2033, 2040, 2050 Market Analysis CoinPedia’s Cardano (ADA) Price Prediction FAQs Overview Cryptocurrency Cardano Token ADA Price $ 0.55746971 -12.48% Market Cap $ 19,664,366,813.5085 Trading Volume $ 1,585,451,466.9952 Circulating Supply 35,274,323,538.5824 All-time High $3.10 on 02nd Sept 2021 All-time Low $0.01735 on 02nd Oct 2017 ADA Price Prediction 2025 Cardano has always been a development-centric project, and with its strong development, the year 2025 could signal growth for ADA crypto. The most talked about update is the Leios update, which has been under development for over 6 years. This update aims to solve Cardano’s scalability issues. The chart by Santiment gives a brief overview of Cardano’s network growth. Cardano Development Activity Moreover, with increased adoption and rising bullish sentiment, the Cardano price may achieve an annual high of $1.4045 . However, a bearish price sentiment could result in this altcoin concluding the year with a potential low of $0.3511 . Considering the present market statistics, the average price of the ADA token could settle around the $0.8778 mark for that year. Year Potential Low Potential Average Potential High 2025 $0.3511 $0.8778 $1.4045 Cardano (ADA) Price Prediction 2026 – 2030 Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2026 2.76 3.03 3.30 2027 4.56 4.79 5.03 2028 5.29 5.51 5.73 2029 6.68 7.235 7.79 2030 9.12 9.72 10.32 Also read: UniSwap Price Prediction 2025, 2026 – 2030! ADA Price Prediction 2026 Moving into 2026, ADA’s potential price is foreseen to elevate further, ranging between a low of $ 2.76 and a high of $ 3.30 . The average price during this period could stand at $ 3.03 . Cardano Price Targets 2027 The analysis suggests a further surge in Cardano’s value by 2027, with the price potentially hitting between $ 4.56 and $ 5.03 . The average price during this period could stand at $ 4.79 . ADA Price Forecast 2028 In 2028, ADA’s price could rise to fall between $ 5.29 and $ 5.73 , with the average price standing at $ 5.51 . ADA Price Analysis 2029 By 2029, Cardano’s price is projected to rise between $ 6.68 and $ 7.79 , with the average price reaching $ 7.235 . Cardano Price Prediction 2030 Finally, by 2030, Cardano’s price is predicted to soar between $ 9.12 and $ 10.32 , with the average price potentially standing at $ 9.72 . Also, Check Out: XRP Price Prediction 2025, 2026 – 2030! Cardano Price Prediction 2031, 2032, 2033, 2040, 2050 Based on the historic market sentiments and trend analysis of the altcoin, here are the possible Cardano price targets for the longer time frames. .highcharts-legend { display:none; } document.addEventListener("DOMContentLoaded", function () { setTimeout(function() { Highcharts.chart('custom-chart-67f3a7bff0a47', { chart: { type: 'areaspline' }, title: { text: 'Cardano (ADA) Price Prediction', style: { color: '#171717', fontSize: '20px', fontWeight: '500', } }, xAxis: { categories: ["2031","2032","2033","2040","2050"], title: { text: 'Year', style: { color: '#171717', fontSize: '16px', fontWeight: '500', display: 'block', align: 'middle' // Ensure it's aligned properly }, margin: 15 } }, yAxis: { title: { text: 'Average Price ($)', style: { color: '#171717', fontSize: '16px', fontWeight: '500', } }, labels: { formatter: function () { return this.value === 0 ? "0" : formatNumber(this.value); } } }, responsive: { rules: [{ condition: { maxWidth: 767 // Set breakpoint at 767px }, chartOptions: { title: { style: { fontSize: '13px', fontWeight: '500', lineHeight: '22px' // Corrected 'lineHight' to 'lineHeight' } }, xAxis: { title: { style: { fontSize: '12px', fontWeight: '500' } } }, yAxis: { title: { style: { fontSize: '12px', fontWeight: '500' } } } } }] }, tooltip: { shared: true, formatter: function () { var year = this.x; // Default index if (this.series.chart.xAxis[0].categories) { year = this.series.chart.xAxis[0].categories[this.point.index]; // Map to category label } return ` ${year} ${this.points.map(point => ` \u25CF ${point.series.name}: ${formatNumber(point.y)} ` ).join(' ')}`; } }, credits: { enabled: false }, plotOptions: { areaspline: { color: '#0052CC', fillColor: { linearGradient: { x1: 0, y1: 0, x2: 0, y2: 1 }, stops: [ [0, '#0f549999'], [1, '#0052CC0D'] ] }, marker: { lineWidth: 1, lineColor: null, fillColor: 'white' } } }, series: [{ name: 'Market Value', data: [10.92,14.33,18.63,51.8,228.85] // Dynamic values }] }); }, 1000); function formatNumber(value) { if (value === 0) { return "0"; } if (value >= 1000000000) { return (value / 1000000000).toFixed(2).replace(/\.00$/, '') + 'B'; } else if (value >= 1000000) { return (value / 1000000).toFixed(2).replace(/\.00$/, '') + 'M'; } else if (value >= 1000) { return (value / 1000).toFixed(2).replace(/\.00$/, '') + 'K'; } else if (value >= 1) { return value.toFixed(2); } else if (value >= 0.1) { return value.toFixed(4); } else if (value >= 0.01) { return value.toFixed(5); } else if (value >= 0.001) { // 0.001 to 0.00999 (6 decimal places) return value.toFixed(6); } else if (value >= 0.0001) { // 0.0001 to 0.000999 (6 decimal places) return value.toFixed(6); } else if (value >= 0.00001) { // 0.00001 to 0.0000999 (8 decimal places) return value.toFixed(8); } else if (value >= 0.000001) { // 0.000001 to 0.00000999 (9 decimal places) return value.toFixed(9); } else if (value >= 0.0000001) { // 0.0000001 to 0.000000999 (10 decimal places) return value.toFixed(10); } else if (value >= 0.00000001) { // 0.00000001 to 0.0000000999 (11 decimal places) return value.toFixed(11); } else if (value >= 0.000000001) { // 0.000000001 to 0.00000000999 (12 decimal places) return value.toFixed(12); } else if (value >= 0.0000000001) { // 0.0000000001 to 0.000000000999 (12 decimal places) return value.toFixed(12); } else { // Less than 0.0000000001 (13 decimal places) return value.toFixed(13); } } }); Year Potential Low ($) Potential Average ($) Potential High ($) 2031 10.45 10.92 11.39 2032 13.96 14.33 14.71 2033 17.64 18.63 19.63 2040 34.27 51.80 69.33 2050 128.14 228.85 329.56 Market Analysis Firm Name 2025 2026 2030 Changelly $1.12 $0.785 $3.54 Coincodex $2.23 $0.793 $1.49 Binance $0.930 $0.976 $1.187 * The aforementioned targets are the average targets set by the respective firms. CoinPedia’s Cardano (ADA) Price Prediction Assuming that Cardano continues to focus on the network’s upcoming updates, we can expect a wider adoption rate. Moreover, with the upcoming bull run and the new altcoin season, Cardano is all set to reach unprecedented heights. We expect the ADA price to reach $2.62 in 2025. Year Potential Low ($) Average Price ($) Potential High ($) 2025 $0.3511 $0.8778 $1.4045 Coinpedia’s Price Analysis provides you with the latest content on the recent market trend that enables you to get closer to the price movements & actions of the various cryptocurrencies. FAQs How high can Cardano go by the end of 2025? According to our Cardano price prediction, the altcoin’s price could hit a maximum of $1.4045 in 2025. If you had invested $100 in Cardano in 2020, what would it be worth now? Assuming the best case is that you invested in Cardano in January 2020, your investment would have increased by +1514% . In short, your investment would now be worth $1,614.07 . What is the price of one ADA token? At the time of writing, the price of 1 Cardano ADA token was $0.5486 Is Cardano a good investment in 2025, amidst newer higher-performing entrants? Cardano is an underrated investment and has a high chance of performing in the next couple of years, considering the plethora of applications. Is Cardano dead? Cardano is not dead, as it is witnessing major developmental upgrades, which could boost ADA’s price in the near future. Can Cardano overtake Ethereum? Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 18 to 20 years. How much would the price of Cardano be in 2040? As per our latest ADA price analysis, Cardano could reach a maximum price of $69.33. How much will the ADA coin price be in 2050? By 2050, a single Cardano price could go as high as $329.56. ADA BINANCE
The online gambling industry has undergone significant changes in recent years, driven by technological advancements and the rise of cryptocurrency casinos. It’s not just the new Trump administration that has embraced digital coins – the gambling industry has quickly adopted blockchain technology, offering enhanced security, faster transactions, and greater privacy for players. As more players seek safer and more efficient gaming experiences, crypto currencies have become game-changers in the industry. However, questions remain about the security and reliability of these platforms. Can crypto casinos truly be trusted? Let’s explore the security features of crypto casinos and how they protect users while transforming the online gambling landscape. When all’s said and done and you’ve gone through this article, you’ll probably want to explore the endless options of crypto casinos. We highly recommend reading through this Bitstarz Casino review by AussieBonuses , which is an exhaustive overview of a highly rated casino operator that’s been vetted by industry specialists. What is a Crypto Casino? A crypto casino is an online gambling platform that allows players to use cryptocurrencies like Bitcoin (BTC) to play casino games instead of traditional currencies like USD, GBP, or EUR. These casinos offer a similar range of games – slots, poker, blackjack, and live dealer games – while providing benefits such as faster transactions, lower fees, and enhanced security measures, including: Anonymity By far, one of the biggest security benefits that crypto casinos offer is unrivaled anonymity. Unlike traditional online casinos, which require players to provide personal information such as bank details, identity documents, and proof of address, crypto casinos allow users to gamble without revealing sensitive data. With cryptocurrency transactions, players only need a digital wallet address to deposit and withdraw funds, eliminating the involvement of third-party financial institutions. This not only enhances privacy but also protects users from potential cyber threats and data breaches targeting personal and banking information. Blockchain Technology Blockchain technology is a major selling point for crypto casinos. As a decentralized digital ledger, blockchain records every transaction in a secure, transparent, and tamper-proof manner. Once a transaction is verified, it is added to a block and permanently stored, preventing unauthorized alterations or fraud. This transparency ensures that neither players nor casino operators can manipulate game outcomes or financial transactions. Provably Fair Gaming Crypto casinos also feature a unique system called provably fair gaming, which allows players to independently verify the fairness of each game. Unlike traditional online casinos that rely on third-party audits, fair gaming uses cryptographic algorithms to ensure that game outcomes are genuinely random and not manipulated by the casino. The system works by generating a hashed (encrypted) result before a bet is placed. After the game concludes, players can access the seed data used to generate the outcome and cross-check it with the original hash, confirming that no tampering occurred. Essentially, each game result comes with a “digital receipt,” proving its fairness. Things to Consider While crypto casinos offer many privacy and safety benefits, there are still challenges that players should consider before signing up. Lack of Regulation One of the biggest concerns with crypto casinos is the lack of regulatory oversight. Unlike traditional casinos, which must comply with strict licensing requirements from authorities like the UK Gambling Commission , many crypto casinos operate in regions with minimal or no gambling regulations. As a result, there are fewer protections for players, making it difficult to seek legal recourse if disputes arise. Without proper licensing, some crypto casinos may engage in unethical practices, such as unfair game mechanics, delayed or withheld payouts, and inadequate security measures. Additionally, the anonymity of cryptocurrency transactions can make it harder to track fraudulent operators, increasing the risk of scams. Volatility of Crypto The appeal of digital coins lies in their potential for skyrocketing value, but as the saying goes, what goes up must come down. When using crypto casinos, players must be mindful of the volatility of cryptocurrencies. Unlike traditional currencies, which have relatively stable values, digital assets like Bitcoin and Ethereum can experience significant price fluctuations in short periods. This means that the value of a player’s winnings – or losses – can change dramatically, sometimes within minutes. Additionally, because cryptocurrency prices are unpredictable, players may find it challenging to manage their bankroll effectively. A win today could be worth much less tomorrow, making it harder to plan withdrawals or set long-term gambling budgets. Cybersecurity Threats Despite the security advantages of blockchain technology, crypto casinos are not immune to cybersecurity threats. Hackers often target cryptocurrency platforms due to the high value of digital assets and the irreversible nature of transactions. Without proper security measures, players risk losing their funds to cyberattacks, phishing scams, or malware. One major threat is exchange and wallet hacks, where cybercriminals exploit vulnerabilities in casino platforms or third-party wallets to steal users’ funds. Additionally, some fraudulent crypto casinos may appear legitimate but operate with malicious intent, disappearing with players’ deposits or failing to process withdrawals. To stay protected, players should take proactive steps, such as using strong passwords, enabling two-factor authentication, and choosing well-established casinos with a proven track record of security.
Analysis of on-chain data curated by DefiLlama shows that nearly $100 million in ether (ETH) positions are at risk if the price slides by 15%. Traders in Asia faced a sea of red during the Monday business day as the ripple effects of U.S. President Donald Trump's tariff policy were felt around the world. ETH is down nearly 16% Monday, according to CoinDesk data , now trading above $1490, while the CoinDesk 20 index is down 13%, and market participants fear that the U.S. open could bring more pain. Should the U.S. open bring another 15% drop in ETH's price, sending it below $1,274, more than $100 million in leveraged positions could face imminent liquidation. On-chain liquidations are potentially more impactful than those related to derivatives as it involves spot assets being sold onto the market. In MakerDAO's case, a liquidated position is auctioned off at a cheaper rate to traders who can then sell at a relative premium, flooding the market with supply and creating more sell pressure. One wallet which would get liquidated at $141 8 had a number of close calls Monday but trimmed its holdings of ETH and paid back repaid some of the DAI it owed. DeFiLlama data also shows that should the price of ETH sink by 20%, another $36 million is at risk. The largest single ETH position , with $147 million in collateral locked, has a strike price of $1,132. Lending protocols were some of the hardest hit tokens during the Monday Asia trading day, with CoinGecko data showing that the category is down 17% on-day as concern grows about the health of levarage around some positions.
A major Ether whale lost over $100 million after the price of Ethereum nosedived on April 6. The investor, who had locked 67,570 ETH — worth roughly $106 million — into the DeFi lending platform Sky, was liquidated. This comes as ETH plunged nearly 18%, sending shockwaves through the decentralized finance ecosystem. Whale Wipeout Stuns DeFi as Ether Freefalls Sky, formerly known as Maker , operates by allowing users to borrow its DAI stablecoin by depositing crypto as collateral — primarily ETH. To safeguard the system, Sky requires an overcollateralization ratio of at least 150%, meaning users need to pledge $150 worth of ETH for every 100 DAI they borrow. But when Ether’s price sharply dropped , this whale’s collateral ratio slipped to 144%. That small margin was enough to trigger an automated liquidation, leading Sky to seize and auction the collateralized ETH to cover the outstanding debt and fees. The event was flagged by both DeFi Explore and Lookonchain, and has since become the talk of the DeFi world. Another whale, who had posted nearly 57,000 wrapped ETH — valued around $91 million — was reportedly on the brink of liquidation as well, according to Spot On Chain. The fear now is that a continued decline in ETH could lead to a domino effect across other leveraged positions. Market Braces for More Pain Ether’s price tumbled to $1,547 at its lowest point — a level not seen since October 2023. The broader market sentiment was battered by fears of a looming recession , following President Donald Trump’s sweeping new tariffs on global trade partners. The crypto crash mirrors the bloodbath in traditional markets, where nearly $6.6 trillion in value was erased over two days. ETH is now down 70% from its 2021 all-time high, and analysts warn that without fresh capital or collateral injections, more DeFi borrowers risk being liquidated. According to data from CoinGlass, over 320,000 traders were liquidated in the past 24 hours, wiping out close to $1 billion — the majority of those losses tied to Ether positions. The post $100M Ether Whale Liquidated as Trump’s Tariffs Trigger Market Meltdown appeared first on TheCoinrise.com .