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Bitdeer Announces $100 Million Investment From Tether
31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...
SEC’s Hester Peirce urges US-UK Digital Securities Sandbox Cooperation
31.5.2024
Hester Peirce, the US Securities and Exchange Commissioner, is advocating for the establishment of a collaborative digital securities sandbox between the United States and the Bank of England. This will enable companies to experiment with inventive finance equipment within a controlled space. ...
Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach
31.5.2024
DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May...
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
31.5.2024
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for...
Amicable legal settlement between Terraform Labs and Do Kwon in SEC case
31.5.2024
Terraform Labs, a Singapore-based startup focusing on blockchain protocol and payment systems, has finally settled with the American Securities and Exchange Commission; the SEC filed a case against Terraform Labs for misleading the cryptocurrency investment fraternity. The information about...
PEPE outperforms meme coins in the last month and soars to more than 90%
31.5.2024
PEPE has emerged as the top performer meme coin in the last 30 days. FLOKI follows it in terms of fetching heavy monthly returns to holders. For reference, the frog-themed meme coin has generated over 90% returns in the last 30 days. It is now expected to test a higher resistance in the coming days...
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
31.5.2024
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner...
Arweave, ORDI, Monero surge pre-US inflation data release
31.5.2024
Cryptocurrency markets are experiencing a notable uptick, with Arweave, ORDI, and Monero among the digital assets seeing significant price increases. This surge comes as investors brace for the upcoming release of the US Personal Consumption Expenditures (PCE) inflation data, a key economic...
Crypto market braces for options expiry & inflation data impact
31.5.2024
Two events are about to happen on May 31, 2024. First, the monthly options for Bitcoin and Ethereum are about to expire. Second, the Federal Reserve is expected to post inflation data. Both could potentially impact the sentiments in the crypto market. Inflation data could be lower than expected...
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said
Franklin Templeton CEO Jenny Johnson on Blockchain, ETFs & RWA
31.5.2024
Jenny Johnson, the President and Chief Executive Officer of Franklin Templeton, recently attended Consensus 2024. She participated in the panel discussion, where she discussed RWA Tokenization, the potential of blockchain in boosting TraFi, and Bitcoin ETFs. For reference, Franklin Templeton...
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
31.5.2024
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily...
Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date
31.5.2024
Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest...
Smart crypto trader who made $2.7 million on Donald Trump’s MAGA coin reveals the next 100x runner
31.5.2024
Known only by their wallet “0x303”, a smart crypto trader made $2.7 million from the MAGA (TRUMP) meme coin, etching their presence into the annals of crypto lore just before the start of what is looking to be the beginning of the bull run. In search of the next crypto goldmine, this savvy trader...
Trump’s conviction affects political memecoins
31.5.2024
The hush money case proved former United States President Donald Trump guilty in a historical trial. As expected, the verdict pushed the political memecoins related to personality into chaos. The Manhattan jury deemed Trump guilty of a whopping 34 felony counts. In related news, a token named...
Trading revenue of Coinbase facing pressure as crypto market matures
31.5.2024
The consumer trading volume of Coinbase has dropped to $56 billion in the first quarter of 2024. This is in comparison to the fourth quarter of 2021, a time when the crypto market was experiencing a massive bull run. This is credited to the market attaining maturity since the approval of the Spot...
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
Navigating the waters of stablecoins: The Lummis-Gillibrand Payment Stablecoin Act
31.5.2024
In a move poised to bring significant changes to the digital currency landscape, United States Senators Kirsten Gillibrand & Cynthia Lummis have introduced a new bill aimed at regulating payment stablecoins. Known as the Lummis-Gillibrand Payment Stablecoin Act, this legislation sets...
PEPE trading volumes surge 3X from start of May just days after ATH
31.5.2024
Pepe’s price has slid 12% since reaching all-time highs, but trading volume has surged by 216%, indicating heightened interest from traders
Circle Officially Launches in Brazil, Partners With Latam Giants BTG Pactual and Nubank
31.5.2024
Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding and distribution services for Brazilian companies....