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Analysts Bullish on Bitcoin: QCP Capital Foresees New All-Time Highs in June
5.6.2024
Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call options with June expiries. Several Market Observers See Bullish Bitcoin Momentum Ahead...
SEC Commissioner Advocates for Withdrawal of SAB 121 — Says Biden’s Veto Was Unfortunate
5.6.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed...
Shytoshi Kusama hints at upcoming developments in Shiba Inu
5.6.2024
Shytoshi Kusama, a pseudonym Founder of Shiba Inu, has hinted that developments are underway as he returns from the Middle East. He published a post on X and expressed his satisfaction of spending time in the region. The Shiba Army is speculating that it is because partnerships, collaborations,...
Franklin Templeton CEO says Bitcoin investment still in early phase
5.6.2024
CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players
Settlement agreement of $885 million between FTX estate and IRS
5.6.2024
FTX debtors must pay the Internal Revenue Service $200 million and a remaining property claim of $685 million. The new agreement will feature the FTX estate paying the Internal Revenue Service nearly $1 billion. The sum totaling $885 million is very low compared to the $24 billion demanded by...
Coinbase Launches ‘Smart Wallets’ in Bid to Simplify Crypto Onboarding
5.6.2024
Coinbase has introduced “smart wallets,” aimed at easing the entry into blockchain activities by eliminating complex processes and high fees associated with traditional crypto wallets. This new offering seeks to onboard over one billion users through simplified, gasless transactions...
Worldcoin’s Spain prohibition prolonged until 2024
5.6.2024
Worldcoin’s Proof-of-Humanity project will soon halt operations in Spain, and the German business organization entrusted with analyzing Worldcoin’s compliance with the European Union’s data protection rule is auditing the project. Sam Altman, the Chief Executive Officer of OpenAI, is...
Meme Coin TROG Boosts Donald Trump’s Crypto Holdings to $31M
5.6.2024
After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations. Trump’s Crypto Portfolio Doubles Donald Trump’s crypto wallet has grown...
Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
5.6.2024
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...
Binance to release 15K USDT for new users of “Buy Crypto” scheme
5.6.2024
Binance intends to disseminate 15,000 USDT in the form of token vouchers to the new wave of users who are purchasing crypto and making fiat deposits through their “Buy Crypto” program. Incidentally, Binance is an internationally renowned cryptocurrency exchange. For the exchange, this...
Bitcoin sharks and whales go on $10 billion spree, here’s what they are buying
5.6.2024
Bitcoin sharks and whales are on a $10 billion buying spree, and crypto enthusiasts are intrigued by their investment choices. Interestingly, the recent activity of Bitcoin (BTC) whales has pointed to massive buys on the ETFSwap (ETFS) presale. With investors capitalizing on the bullish momentum...
Meme Coin Market Rises 4.6% With Presidential Meme Token BODEN Leading the Pack
5.6.2024
With bitcoin exceeding $70,000 on Wednesday, the leading meme coins experienced notable increases over the last 24 hours. Shiba inu (SHIB) advanced 7.7% in the past day, while dogecoin (DOGE) rose 2.1%. Among the top five meme coins by market capitalization, floki (FLOKI) saw a 21.2% increase over...
BNB extremely bullish as analysts target a $1000 breakout
5.6.2024
BNB, the native token of Binance Chain, has witnessed a notable 7% increase in the past 24 hours. The movement highlights a positive trend, placing BNB in front of the top 5 cryptos when it comes to market performance. The coin has already reached a milestone, surpassing its year-high record...
US Spot Bitcoin ETFs Record Second-Highest Inflows at $886.6M, Led by Fidelity’s FBTC
5.6.2024
On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday. U.S. Spot Bitcoin ETFs Secure Over...
Bitpanda partners with Deutsche Bank, marks industry milestone
5.6.2024
Recently, Bitpanda made a historic decision to join the club of European digital currency platforms partnering with traditional banking giants, including Deutsche Bank. This signifies a major step forward, given that it is the first time that a leading global bank has collaborated with a crypto...
Bitcoin Must Hit $84,740 to Match Silver’s Market Cap, Over $800,000 to Surpass Gold
5.6.2024
Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match...
Vitalik Buterin slams celebrity memecoins
5.6.2024
Buterin responded to a post about Iggy Azalea's MOTHER token potentially leading the celebrity crypto trend towards sustainable value creation
SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
5.6.2024
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO...
Ledger and Crypto.com pay integrate for crypto purchases
5.6.2024
A well-considered agreement has been reached between Ledger and Crypto.com Pay, the payment service of the company. This will result in the integration of Crypto.com Pay’s features into the Ledger Live companion app, which will facilitate the selection of users who wish to purchase...
UAE central bank approves licensing system for stablecoins
5.6.2024
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens