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US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
23.5.2024
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged...
Hong Kong’s PCPD orders Worldcoin to wind up its business
23.5.2024
The Office of the Principal Commissioner for Personal Data (PCPD) has ordered Worldcoin to close its doors owing to the ongoing investigation into the company, which began in early 2024. Interestingly, Worldcoin is a crypto exercise that was co-founded by Sam Altma, the CEO of OpenAI. In early...
Holding the future: Biden’s crypto dilemma on May 28th
23.5.2024
Donald Trump recently hosted an event for Trump NFT holders. He expressed his support for the cryptocurrency market, asserting that the current government lacks a comprehensive understanding of how cryptocurrency operates. This went on to demonstrate that Trump was, or rather is, pro-crypto...
Coinbase’s Brian Armstrong found the vote on FIT21 to be memorable
23.5.2024
Coinbase CEO Brian Armstrong was opinionated about the House of Representatives vote on FIT21, finding it absolutely eventful. He also spoke at length about the financial innovation and technology for the 21st Century Act. In his view, the vote will help clarify regulations in the crypto space. ...
Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
23.5.2024
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704...
Solana ETF: Enthusiasts eye “Probably Next” after ETH ETF approval hope
23.5.2024
Analysts have unticked their possibilities for approval of Spot Ether ETF from 25% to 75%. The US Securities & Exchange Commission will also likely give a green light to two applications by the end of this week. If so, Ether ETF products will become the second product in the market only after...
Utilizing Granular Metrics to Identify Local Bottoms in a Bull Market
23.5.2024
The on-chain analysis sector has seen a major advancement, with Glassnode launching 28 new metrics to provide an even more detailed picture of the digital asset market. The ultimate goal is to enable short-term and long-term holders to pinpoint a precise moment to make a move and attempt to avoid...
QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs
23.5.2024
Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense...
Crypto market headed for downturn? Key signals point to retracement
23.5.2024
The cryptocurrency market, known for its volatility and rapid price movements, appears to be on the brink of another significant retracement. Several indicators and recent developments suggest that the market may be headed for a downturn, sparking concerns among investors and analysts alike....
Nvidia’s Q1 Earnings Propel AI Stocks While AI Crypto Dips – Time to Buy?
23.5.2024
Despite Nvidia's impressive Q1 earnings report, the price of AI-related cryptocurrency tokens fell briefly, contrary to Crypto trader's expectations.
The post Nvidia’s Q1 Earnings Propel AI Stocks While AI Crypto Dips – Time to Buy? appeared first on Cryptonews
Ethereum network in the limelight for ETH ETF outcome
23.5.2024
According to Santiment, a crypto body, the Ethereum space is being observed very closely, with market observers speculating on the outcome of ETH ETF. A lot seems to be depending on it. In the meantime, Santiment has created a list of prime ERC-20 coins that are witnessing an increase...
Elusive 2010 Bitcoin Mega Whale Moves 2,000 BTC Worth $138M in Fourth Transfer of 2024
23.5.2024
Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024. The large transfer marks the fourth occurrence of this whale this year, with a cumulative expenditure of 7,000 BTC worth over $486 million. Blockchain...
Solana Price Prediction 23 May: SOL is Up 7% in a Week – Time to Buy?
23.5.2024
SOL has fallen by 4% in the past 24 hours, with the Solana price dropping to $173.63 on a day when the cryptocurrency market has barely moved.
The post Solana Price Prediction 23 May: SOL is Up 7% in a Week – Time to Buy? appeared first on Cryptonews
PEPE eyes 200% growth as crypto market surges
23.5.2024
PEPE is riding the bull run. The token was valued at $0.00001467 when this article was written. This reflects a surge of 6.45% in the last 24 hours, 38.61% in the previous 7 days, and 118.34% in the previous 30 days. Suffice it to say that PEPE is making the most of the chance to …
MXNe forges alliance with Etherfuse for releasing Real MXN
23.5.2024
MXNe forms an exclusive alliance with Etherfuse to release Real MXN, a peso-supported stablecoin of Mexico positioned on both Solana and Stellar. As per the understanding, it will be MXNe’s responsibility to offer its backing for on-chain payments, settlements, and payroll within...
US House approves crypto market structure bill
23.5.2024
Maxine Waters, a Democrat member of the US House, said that the crypto market structure bill, entitled FIT21, is one of the worst bills she has ever seen. Seventy-one Democratic members voted for the bill, including the previous speaker of the House, Nancy Pelosi. The American House...
Discussion Began, Crypto Market Optimism Grows on Spot-Ether ETF Approval Amid Positive SEC Signals
23.5.2024
The crypto world is ready to mark today in history as the day when the SEC will approve or deny 19b-4 form for Ethereum ETFs. Analysts are positive that ETF approval will happen today, considering how approval was granted for Bitcoin ETFs. According to a source, discussions on S-1 forms have...
Nigerian prison fails to bring Binance exec to court
23.5.2024
Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue
Sealana ICO ramping up – New Solana meme coin hits $2.5M milestone
23.5.2024
With Solana-based coins taking over the past months, many crypto analysts believe that this trend will continue in the future. Book of Meme, Bonk, Popcat, and DogWifHat are just a few of the Solana-based coins that have exploded this year. But there is a new contender emerging on the Solana...
Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years
23.5.2024
The number of United States adults reporting cryptocurrency ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Federal Reserve.
The post Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years appeared first...