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South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally
22.5.2024
South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s premium is in a similar range. South Korea’s...
UNI price rises 20% after Uniswap Labs’ boldly defies SEC notice
22.5.2024
Uniswap Labs, developers of an effective decentralized trading platform, is being sued by the United States Securities and Exchange Commission. Uniswap Labs remains steadfast in its stance, persistently advocating for the classification of cryptocurrencies as securities. This discord emerged after...
Zimbabwean Millionaire Crypto Couple Rescued After Kidnapping by Individuals Posing as Interpol Officers
22.5.2024
A Zimbabwean millionaire couple, based in South Africa, has been kidnapped by a gang seeking to profit from their cryptocurrency valued at $13.9 million. The couple, Professor Sheperd Sikhosana and his wife, Sekayi Adelpha Sikhosana, were kidnapped in Pretoria, South Africa, and smuggled into...
Crypto Exchange Bitget Appoints Gracy Chen as CEO
22.5.2024
Cryptocurrency derivatives trading platform Bitget has promoted Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals.
The post Crypto Exchange Bitget Appoints Gracy Chen as CEO appeared first on Cryptonews
Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode
22.5.2024
As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals...
Coinbase brings in Tech Against Scams with multiple associates
22.5.2024
Coinbase introduces its landmark initiative, Tech Against Scams, along with the bigwig business houses for going to war against online and finance-related scams. The other players include Match Group, Meta, Kraken, Ripple, Gemini and GASO. The focus will be on creating awareness amongst the masses...
Ether ETF confirmed? VanEck spot Ether ETF listed by DTCC
22.5.2024
VanEck’s ETF is currently designated inactive on the DTCC website, meaning it cannot be processed until it receives the necessary regulatory approvals
Crypto whales withdraw $90 million in ETH from exchanges to buy Ethereum’s biggest token launch
22.5.2024
Crypto whales have completed large-scale ETH withdrawals from the top crypto exchange, Coinbase, making the rounds and headlines as big whales and smart investors prepare for the biggest Ethereum (ETH) token launch of the decade. ETFSwap (ETFS), a viral Ethereum token currently in its ICO presale...
US prosecutors push for 5–7 years prison for ex-FTX exec
22.5.2024
The U.S. prosecutors demanded “just punishment” fitting the scale of his crime. Salame’s lawyers argue that he should serve no more than 18 months
The evolving role of Ethereum faucets in a growing blockchain landscape
22.5.2024
The Ethereum faucets are online platforms that provide a small portion of Ether for free. In the history of Ethereum, these faucets allowed beginners on the network to test transactions and smart contracts for free. Consequently, Ethereum faucets have evolved as the blockchain landscape changes...
The Bitcoin Policy Institute Launches the Peer-to-Peer Rights Fund to Help Defend Samourai Wallet Founders
22.5.2024
The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders...
Peter Schiff Anticipates Outflows From Bitcoin ETFs to Ethereum ETFs Following SEC Approval
22.5.2024
Economist and gold bug Peter Schiff has cautioned that the approval of spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could negatively impact spot bitcoin ETFs and bitcoin. Speculation is high that the SEC will approve spot ether ETFs this week,...
SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule
22.5.2024
Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory...
Trump Campaign Now Accepts Crypto Donations via Coinbase
21.5.2024
Former U.S. President and presidential candidate Donald Trump’s campaign now accepts cryptocurrency donations through Coinbase Commerce. The new fundraising page enables federally permissible donors to contribute using any cryptocurrency supported by Coinbase Commerce. President Trump...
DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito
21.5.2024
According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang Lin allegedly constructed the DNM and facilitated the sale of over $100 million worth of illegal drugs...
Market Analyst Michael Oliver: Gold Is Entering a ‘Generational Event’ Bull Market Trend
21.5.2024
Michael Oliver, the proprietor of Momentum Structural Analysis (MSA) – a research firm specializing in detecting momentum-based movements – believes the recent gold bull market rally might differ from the other gold rallies. Oliver stated that due to several factors, not investing...
Standard Chartered Now Expects SEC to Approve Spot Ethereum ETFs This Week
21.5.2024
Standard Chartered Bank has revised its forecast and now expects the U.S. Securities and Exchange Commission (SEC) to approve spot ethereum exchange-traded funds (ETFs) this week, with the bank’s head of digital asset research expressing 80% to 90% confidence. He estimates potential inflows...
Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield
21.5.2024
On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim...
Will Solana’s unmatched speed set stage for a potential price boom?
21.5.2024
Solana has gained recognition as the world’s fastest blockchain due to its tremendous transaction velocities, and the price of SOL has surged its marketplace valuation to $81 billion. Last month, Solana reached a new high of over two hundred dollars in value, pushing it past Binance Coin...
Kraken to maintain USDT listing amid new EU regulations
21.5.2024
A top official at Kraken said they will pursue all possible avenues to offer USDT under the next regime. Crypto exchanges are actively looking for measures to implement regarding stablecoins as the new legislation will emerge soon. USDT, the symbol for Tether, is the largest stablecoin in...