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Bitcoin Below USD 34K, Ethereum Keeps Trending Lower, XMR, AXS, and NEAR Rally
9.5.2022
Bitcoin price remained in a bearish zone below the USD 38,000 level and extended losses below the USD 35,500 support. It is currently (04:04 UTC) showing bearish signs near USD 33,637 after recovering from USD 33,400. BTC is down almost 3% in a day and 12% in a week....
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SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
6.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
Bitcoin Extends Sell-Off Despite Luna Buying, Strong On-Chain Data
6.5.2022
Bitcoin (BTC) and other major cryptoassets fell sharply over the past day, as stock markets around the world reversed earlier gains to losses after the US Federal Reserve (Fed) raised rates by 50 basis points. The sharp fall came despite massive bitcoin buying by Luna Foundation Guard...
New Bitcoin Benefit Plan Launched for Employees by Swan Bitcoin
6.5.2022
Swan Bitcoin, a Bitcoin-only fintech company, has introduced a new scheme to make Bitcoin purchases easier for employees. Named Bitcoin Benefit Plan, it will allow users to set a fixed and automated purchase of the digital asset every month. Surprisingly, several employers from the Los Angeles...
Russian Bitcoin Trading Remains Down on Binance
6.5.2022
Trading volume in the market for bitcoin (BTC) against Russian rubles (RUB) remains down on Binance after the exchange limited the activity of some Russian users last month.
As of Thursday this week, the 24-hour trading volume in the BTC/RUB pair on Binance stood at BTC 144, up slightly from...
Number of Central Banks Involved in CBDC Projects Almost Doubles Year-On-Year - BIS Report
6.5.2022
A rising number of central banks globally have the legal authority to issue central bank digital currencies (CBDCs), and, compared with a year earlier, the share of central banks which are currently developing a CBDC or running a pilot nearly doubled from 14% to 26%, according to a new report...
Bitcoin Corrects Almost 8%; Will BTC Hit Its Support Near $34K?
6.5.2022
The largest digital currency, Bitcoin, faced the biggest intraday drop of more than 8% to $36,700. On the other hand, Ethereum was also down more than 7%, along with many other cryptocurrencies. It happened due to the tight monetary policy of the US central bank. We think the market needs more...
Court Hands BitMEX Founders USD 30m in Fines for AML Violations
6.5.2022
A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”...
Read More: Court Hands BitMEX Founders USD 30m in Fines for AML Violations
Bitcoin and Ethereum Nosedive, All Top 100 Coins in Red
6.5.2022
Bitcoin price failed to continue higher above the USD 40,000 resistance zone and started a fresh decline below the USD 38,500 support. BTC is down 8% in a day and is currently (04:01 UTC) consolidating near USD 36,500. It is also down 8% in a week....
Read More: Bitcoin and Ethereum Nosedive...
Short-Term Relief Bitcoin Rally Likely After ‘Optimistic’ Powell, Major Bottom Could be Forming – Analysts
5.5.2022
Bitcoin (BTC) and the broader crypto market went into a relief rally over the past day, after an expected 0.5 percentage point rate hike in the US and an “optimistic” outlook from US Federal Reserve (Fed) Chair Jerome Powell. According to one analyst, a major bottom could now be forming...
Binance Backs Twitter Takeover with USD 500m, Musk Could Serve as Interim CEO
5.5.2022
The major crypto exchange Binance is backing Elon Musk’s takeover of Twitter with a USD 500m investment, a public filing showed. Meanwhile, Musk might also serve as temporary CEO of Twitter once the takeover is done.
The investment from Binance is among the largest on a list of commitments...
Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum Payments in the US
5.5.2022
Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all of its directly-operated stores in North America by this summer....
Read More: Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum...
Ex-BitMEX Chief Arthur Hayes Wants Court to Excuse Him Jail Time
5.5.2022
The co-founder and ex-CEO of the BitMEX crypto exchange Arthur Hayes has asked a court not to give him jail time for failing to create an anti-money-laundering network on the platform – and has claimed that he will not repeat his crimes. Hayes has also sought permission to live abroad and travel...
Bitcoin and Ethereum Accelerate, ADA, SOL, and More Altcoins Rally
5.5.2022
Bitcoin price was able to clear the USD 39,200 resistance level and even tested the USD 40,000 resistance. It is currently (04:08 UTC) consolidating gains above USD 39,700 and might test USD 40,000 again. BTC is up over 4% in a day and 1% in a week.
Similarly, most major altcoins are also...
Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban
5.5.2022
South Korea’s President-Elect Yoon Suk-yeol has indicated he is ready to come good on some of the crypto-related campaign promises that helped him win power earlier this year – and could end an initial coin offering (ICO) ban that dates back to 2017....
Read More: Brace for More S Korean...
El Salvador Finance Minister: We’re Waiting for Bitcoin Price Rise Before Issuing BTC Bonds
4.5.2022
The Salvadoran government is “waiting for a bitcoin (BTC) price rise” before releasing its long-awaited BTC bonds, the nation’s finance minister has claimed.
Per El Salvador’s Diario El Mundo, Alejandro Zelaya, the Minister of Finance, refuted notions that there was any kind of “deadline”...
Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets
4.5.2022
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)...
Read More: Fed Targets Inflation With Expected Half...
New Service Allows You to Get Tipped in Bitcoin to Read Email
4.5.2022
As some estimates indicate that more than 333bn emails are sent every day, a new service, Reacher, aims to allow its users to get paid in bitcoin (BTC) to be reached, and potentially filter out a major share of their spam.
The project presents its functionality in five steps:
Reacher is...
Bitcoin Funds Sees Largest Weekly Outflows in a Year, ‘Hawkish Rhetoric’ to Blame
4.5.2022
Investment funds backed by bitcoin (BTC) last week saw their largest outflows for a single week since June of 2021, with USD 132.7m being withdrawn by investors, according to data from the crypto investment and research firm CoinShares....
Read More: Bitcoin Funds Sees Largest Weekly Outflows...
MicroStrategy Considering Yield Generation Options on BTC 95,643 Holdings
4.5.2022
The American IT firm MicroStrategy has claimed that it is mulling the possibility of yield generation on its bitcoin (BTC) holdings. At present, the firm holds BTC 129,218 (USD 4.97bn). Most of this figure is “unencumbered,” and is held in the name of its subsidiary firm MacroStrategy....
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