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Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days
20.5.2024
Ethereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139. With a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion, the cryptocurrency shows a mixed technical outlook. At 7:57 (EDT) on Monday, ether is exchanging hands for just...
TON cryptocurrency NOTcoin Bottoms Around $0.0054 As Miners Book Profits, Whales Circle
20.5.2024
TON cryptocurrency NOTcoin, the brainchild of co-creator Sasha Plotvinov, launched on major centralized exchanges on 16 May last week to much fanfare – where is the coin price headed next?
The post TON cryptocurrency NOTcoin Bottoms Around $0.0054 As Miners Book Profits, Whales Circle appeared...
Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels
20.5.2024
As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that...
Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting Directive
20.5.2024
The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has called on platforms engaged in practices that...
How Ethereum’s gas fees shape blockchain transactions
20.5.2024
The fee needed to complete a transaction or a contract transaction on the Ethereum blockchain is called gas. Fees are denominated in ether, a small fraction of cryptocurrency-(ETH) called gwei (10-9 ETH). The resource provider is paid using “Gas” to validate the transaction’s consumption....
Crypto VC growth stalls at 2.4% as market challenges loom
20.5.2024
Crypto analysts predict a slow year regarding venture capital investments toward crypto projects, with an estimated increase of a mere 2.4%. The figure expected to reach is $12 billion, The general sentiment seems to be a disappointment, even with Wall Street inclining towards cryptocurrencies....
Cardano surges on whale accumulation and increased network activity
20.5.2024
Cardano’s (ADA) network is gaining traction. Major participants have increased their ADA holdings and now control 6.71% of the total offerings. IntoTheBlock, a market analytics portal, said that Cardano whales—those with 100 million to 1 billion ADA—have added 11% more ADA in the past...
Trader turns $2.2K SOL into $2.26M in 8 hours with new memecoin
20.5.2024
The trader, the largest BOME holder, made an over 993-fold gain on his initial investment, spurring insider trading allegations
BNB coin looks to rebound from the current low
20.5.2024
BNB has hit a near resistance of $586 and is now trading at around $580. The next best support for the crypto is at $576; falling beneath that margin would potentially open the door for a further fall. The current dip is below the 4-hour 100 Simple Moving Average. To mark a rebound, BNB must …
Bitcoin rally above $67.5K could spark new record highs, says 10x Research
20.5.2024
Bitcoin could be on the brink of a rally to new record highs, but it still has one significant resistance to overcome, according to Markus Thielen
Can you leverage crypto to enhance your sports fandom?
20.5.2024
Cryptocurrencies and blockchain technology have received significant attention over the last ten years, changing various industries. This cuts across financial services to digital art and still reshapes how we relate to the world. The sports industry has not been left out, as it increasingly...
Developers Foresee ‘Programmability’ as Catalyst for Bitcoin’s Next Rally
20.5.2024
A group of developers believes introducing programmability to the Bitcoin blockchain could drive the next rally for the largest cryptocurrency.
The post Developers Foresee ‘Programmability’ as Catalyst for Bitcoin’s Next Rally appeared first on Cryptonews
Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices
20.5.2024
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory...
IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System
20.5.2024
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification...
Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe
20.5.2024
Cryptocurrency exchange Kraken reassured users it has no plans to delist USDT in Europe and will continue to follow all legal requirements.
The post Kraken Says No Plans to Delist Tether’s USDT Stablecoin in Europe appeared first on Cryptonews
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
Crypto Whales Bet Big on Mollars, Toncoin, and Cardano
20.5.2024
The cryptocurrency market is currently experiencing a significant shift when it comes to mainstream adoption. Embarking on the Bitcoin halving, and BTC ETF hype, the space is seeing an increase in its users.
The post Crypto Whales Bet Big on Mollars, Toncoin, and Cardano appeared first on Cryptonews
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
20.5.2024
Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere...
Skybridge’s Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
20.5.2024
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other...
Donald Trump Viewed as ‘America’s First Crypto President’ by Former CFTC Chairman
20.5.2024
Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during...