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Gemini Earn to repay customers’ crypto by month-end
20.5.2024
A U.S. court has approved a Chapter 11 bankruptcy plan for the defunct cryptocurrency lender Genesis. According to a company announcement, Gemini, a Genesis creditor, will return assets to customers by the end of the month. Genesis, the bankrupt cryptocurrency lender that ceased operations...
Dogecoin Price Prediction as $700 Million Floods In – $1 DOGE Possible in June?
20.5.2024
The Dogecoin price has fallen by 1% in the past 24 hours, dropping to $0.1522 on a disappointing day for the cryptocurrency market as a whole.
The post Dogecoin Price Prediction as $700 Million Floods In – $1 DOGE Possible in June? appeared first on Cryptonews
Polkadot eyes 10x surge with Web3 take on TikTok, industry support
20.5.2024
Polkadot aims to import TikTok’s experience into the Web3 ecosystem. This has triggered a discussion around the listed value of DOT, its native cryptocurrency. The idea is to craft an innovative new version of TikTok on the Polkadot network. For this, they have also expressed interest...
Judge Rules Craig Wright Lied ‘Extensively,’ Committed Forgery in Bid to Claim Satoshi Identity
20.5.2024
On May 20, 2024, a ruling was delivered by Justice James Mellor in the COPA vs. Craig Wright case. Mellor determined that Wright lied “extensively and repeatedly” in his efforts to prove he was Satoshi Nakamoto. Mellor emphasized that Wright’s evidence was “at best...
Charles Hoskinson touts Cardano Hydra and Leios for Global Financial OS
20.5.2024
Charles Hoskinson, the founder of Cardano blockchain, has sung praises for Hydra and Leios innovation, expressing commitment to developing the blockchain in compliance with the basic principles of efficiency and less cost. The ultimate idea is to boost the global financial OS (operating system)...
Grayscale Leadership Change: Sonnenshein Steps Down — Goldman Sachs’ Peter Mintzberg Appointed New CEO
20.5.2024
Crypto asset manager Grayscale Investments has appointed Peter Mintzberg as CEO, effective August 15, 2024. Mintzberg, currently Global Head of Strategy for Asset and Wealth Management at Goldman Sachs, will also join Grayscale’s Board of Directors. He succeeds Michael Sonnenshein, who steps down...
Shiba Inu price may suffer as Shibarium transactions plunge
20.5.2024
Shiba Inu is using a double-edged sword right now. Transactions on Shibarium have dropped, with a negative net flow of 3,015%. Moreover, the price of SHIB is down by 3.11% in the last 24 hours, listed at $0.00002397 at the time of writing this article. There is speculation that transactions...
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...