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This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls
13.5.2024
On Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto...
Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network
13.5.2024
Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of this upgrade, stressing that it would allow users...
SEC Rejects Coinbase’s Call for New Crypto Regulations
13.5.2024
In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from...
$68M in crypto retrieved after ‘Dust’ attack scare
13.5.2024
An unbelievable event happened: someone who had put money into a cryptocurrency could get back $68 million worth of wrapped bitcoin (WBTC). This results from an attack on their digital wallet on May 3. Despite the role of such a significant theft as an object, there is no grudge from an investor...
Wells Fargo dives into crypto via Bitcoin ETFs
13.5.2024
In its recent filing with the SEC, Wells Fargo, a famous US bank known to be among the leading banking institutions in the United States, disclosed its entry into the world of digital currencies by investing in several different Bitcoin exchange-traded funds (ETFs). Such a move reinforces...
Financial Advisors Reluctant to Discuss Crypto with Clients Due to Legal Concerns, Survey Finds
13.5.2024
A mere 1% of financial advisers frequently engage in discussions about cryptocurrency with their clients due to legal concerns.
The post Financial Advisors Reluctant to Discuss Crypto with Clients Due to Legal Concerns, Survey Finds appeared first on Cryptonews
Season of the Meme Coin: Unconventional Cryptos Dominate 3-Month Gains
13.5.2024
Over the past 90 days, bitcoin has appreciated by 23.4%. However, eight other cryptocurrencies have demonstrated significantly larger gains, each recording triple-digit increases over the same period. 90-Day Trends Propel Niche Tokens to New Heights Statistics from the past week show lackluster...
PEPE coin price eyeing new highs as whales accumulate
13.5.2024
Whales in the PEPE ecosystem are beginning to accumulate the dip, possibly a predictable move, as the crypto market is poised to climb once BTC breaks out of its consolidation phase. The domino effect means that altcoins are making their moves on the price charts. While the range may be defined...
Cardano: CIP-69, CBDC criticism, Gemini listing, and MACD
13.5.2024
Cardano risks losing its position in the top ten cryptocurrencies globally. MACD instills a sense of optimism, primarily based on how the upcoming events turn out. Charles Hoskinson has confirmed that CIP-69 will be included in Chang hard fork. This is expected to benefit developers planning...
Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal
13.5.2024
As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum...
Cardano could lose its position in the top 10 ranks
13.5.2024
Cardano is testing its previous resistance level. Any further fall could cause ADA to lose its position in the top 10 charts of cryptocurrency across the globe. The current market cap of Cardano stands at $15.9 billion, up by 1.77% at the time of writing this article. The 24-hour trading volume...
Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange
13.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces...
Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery
13.5.2024
As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156....
KANG, APT, ARB take center stage in the wake of new adoption and ecosystem development
13.5.2024
As usual, the crypto market is never amiss with new technological developments or advancements. Whether it’s a new partnership or a new system upgrade, there are always coins that prioritize bringing the best of the best for their users through new features and experiences. This article will...
Shibarium fees skyrocket 267%, community reacts
13.5.2024
Shibarium, a platform specially designed for the Shiba Inu community running on Layer-2 Blockchain technology, has seen a sharp increase in its transaction fees in the recent past. Data from Shibariumscan shows that the costs have increased by 267% in just one day, from 11.57 to 30.98 BONE. This...
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
13.5.2024
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite...
Philippines begins Peso-backed stablecoin sandbox testing
13.5.2024
The test aims to evaluate PHPC's real-world performance, its impact on the local fiat ecosystem, and its potential uses including payments, trading, and DeFi applications
Casa Co-Founder Jameson Lopp: Attacks on Cryptocurrency Whales Are “Vastly Underreported”
13.5.2024
Jameson Lopp, the co-founder of Casa, a Bitcoin services company, referred to increasing attacks targeting cryptocurrency whales. On social media, Lopp stated that “while still relatively rare,” the number of targeted attacks against crypto whales was “vastly underreported.”...
Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer
13.5.2024
The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry.
The post Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer appeared first on Cryptonews
Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?
13.5.2024
As Bitcoin hovers around $61,000, traders speculate on the impact of Fed's hawkish stance on the future trajectory of cryptocurrency prices.
The post Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next? appeared first on Cryptonews