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Crypto Startup Funding Hits $2.4 Billion in Q1

20.5.2024
Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from...

Best Crypto to Buy Now May 20 – Fantom, Injective, Sui

20.5.2024
As cryptocurrency markets push higher on Monday, with Bitcoin (BTC) surpassing $68,000 as traders look ahead of this week’s Fed meeting minutes release, Nvidia earnings and the SEC’s decision on spot Ethereum ETFs, investors are hunting for the best crypto to buy now that might hand them quick...

62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize

20.5.2024
According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising...

Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue

20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.  The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews

The Week’s Biggest Crypto Gainers and Losers: PENDLE Soars, WLD Plummets

20.5.2024
This week bitcoin appreciated over 6% against the U.S. dollar, while ether increased more than 3% in the same period. Meanwhile, more than twelve alternative cryptocurrencies saw double-digit gains between 10% and 33.4%. Weekly Crypto Highlights: Double-Digit Gains and Losses Across the Board As...

Dormant Bitcoin Wallet Transfers 114 BTC Worth $7.6M After 11 Years

20.5.2024
With bitcoin’s price up 6.8% from last week, a dormant bitcoin address from 2013 became active for the first time in over 11 years, transferring 114.42 bitcoins valued at $7.67 million. Sleeping Bitcoin Wallet Awakens After 11 Years, Moves 114 Bitcoins April and May have seen fewer...

Renewable electricity is more optimal than Paraguay’s anti-mining bill

20.5.2024
The Paraguayan legislature is urgently pushing a bill that, if passed, could mean up to a decade behind bars for illegal Bitcoin miners due to the large amount of electricity pilferage jeopardizing the state-backed National Electricity Administration.  The proposed legislation enables Paraguayan...

Bitcoin weekly new wallets drop to the lowest level since 2018

20.5.2024
Since 2018, the weekly number of Bitcoin addresses has fallen to its lowest level. The recent trend was influenced by developments in the Bitcoin space and the upcoming halving event. Market reports indicate that the Bitcoin ecosystem has recently added an average of 275,000 addresses.  Reports...

Bitcoin surges 16% in May, but analysts warn of correction ahead

20.5.2024
Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant...

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