Bitcoin rebounded Wednesday morning after a sharp fall late Tuesday, which was apparently due to a "whale dump" that refers to a single seller offloading a significant amount of the top cryptocurrency. The price of Bitcoin dropped more than $200 in under 30 minutes to around $7,860 at about 4 am ET. That was in contrast to expectation that there would be a rally as the Tax Day passed. Meanwhile, positive remarks on cryptos by the IMF Chief served to boost market sentiment.
Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.
Coinbase Appoints Newly Acquired Earn.com's Founder As CTO
Coinbase, the leading cryptocurrency exchange operator, acquired the paid email startup Earn.com and made the founder-CEO Balaji Srinivasan its first chief technology officer. The San Francisco, California-based Earn.com's blockchain-enabled platform allows senders to pay users in digital currency for replying to emails and completing tasks. Read more...
IMF's Lagarde Praises Cryptos Now After Last Month's Warning
After detailing on the dark side of crypto-assets last month, International Monetary Fund Chief Christine Lagarde now has a set of praises for the role of cryptocurrencies in the financial market. In her latest blog post, Lagarde says crypto-assets enable fast and inexpensive financial transactions, while offering some of the convenience of cash, making overseas transfers in a matter of hours, not days. Read more...
New York AG Launches Inquiry Into Crypto Exchanges
New York Attorney General Eric Schneiderman launched an inquiry into virtual currency trading platforms or exchanges as part of a broader effort to protect cryptocurrency investors and consumers. Schneiderman's fact-finding inquiry called Virtual Markets Integrity Initiative will delve into the policies and practices of platforms used by consumers to trade cryptocurrencies such as Bitcoin and Ether. Read more...
Bank Of Japan Not To Issue Digital Currency
Bank of Japan (BoJ) has made it clear that it will not issue a central bank digital currency, citing financial stability concerns. However, the Deputy Governor of Japan's central banking authority said there is need to understand innovative technologies for its future possible application in the central bank infrastructure. Read more...
Blockchain To Hurt Swiss Banks Most: Moody's
A new report by global rating agency Moody's says Blockchain technology has mixed credit implications for global banking systems. While the technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions and increase banks' efficiency, it could put pressure on their fees and commissions, Moody's Investors Service said in a report. Read more...
Tutorial: Crypto Lexicon - HODL
A space to explain the crypto world jargon, a word a day. And HODL is the word for today. One of the most common slang terms in the crypto sphere, HODL means to hold or remain invested in Bitcoin or any particular cryptocurrency, rather than sell it, amid falling prices. Read more...
Current Prices
As of 9.20 am ET on Wednesday, Bitcoin was up 0.33 percent at $8,104.78 and Ethereum was higher by 0.5 percent at $517.50 on Coinbase.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.