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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up
9.5.2024
On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy...
House Approves Resolution to Overturn SEC’s Crypto Rules — Biden Threatens to Veto
9.5.2024
The U.S. House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission’s SAB 121 regulations on digital assets. The resolution seeks to reduce regulatory burdens and promote safer custodianship of digital assets by regulated banks....
Analyst Sees Cardano Soaring 5,600%, Calls It ‘Buy of a Lifetime’
9.5.2024
Though Cardano has been consistently showing a downward trend and staying under $0.50, popular crypto analyst FieryTrading from TradingView considers the current time as an opportunity to opt for the purchase of this digital currency at a more affordable price. After extensive research...
Vitalik looks for backing of short term wallets on Ethereum
9.5.2024
The Co-Founder of Ethereum, Vitalik Buterin, came out with a fresh Ethereum improvement proposal (EIP) that intends to adjust with the builder’s contrasting methods of account takeaway in forthcoming hard forks. EIP-7702 comes after EIP-3074, which was appropriate for acceptable...
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
9.5.2024
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry
TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden
9.5.2024
Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up...
$SWEAT token joins Bitvavo, Boosting Movement Economy
9.5.2024
A landmark in the world of cryptocurrency was reached when Bitvavo, the well-known and regulated Sweat Economy of Europe, revealed that $SWEAT – the original Sweat Economy token – is their inclusion. This latest Bitvava trading platform improvement offers new chances for development...
Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s
9.5.2024
The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Bitcoin Network Sees Significant...
Tokenizing money is the ‘greatest innovation’ after fiat — Tether co-founder
9.5.2024
Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said
Lucie analyzes SHIB and BTC’s decentralized impact on finance
9.5.2024
Recently, Lucie, a Shiba Inu marketing executive, brought attention to the parallels between SHIB and BTC. She emphasized the decentralized character of both initiatives and the obscurity of its founders, Ryoshi for Shiba Inu and Satoshi Nakamoto for Bitcoin. At the heart of Lucie’s analysis...
Ex-Google exec to bring Web3 to masses as new Aptos Labs adviser
9.5.2024
David Lawee, former Google vice president of corporate development, will use his Web2 consumer experience to promote blockchain to the mainstream with Aptos
Stablecoins provide promising possibilities in global finance
9.5.2024
A leading international asset manager predicts that the stablecoin market will grow to $3 trillion in the next four years, a 22-fold increase from its current size. To understand this growth better, one needs to first understand how stablecoins fit in the financial markets. This will cover...
Ethereum seeks direction: Can ETH bulls reclaim $3,000?
9.5.2024
The price of Ethereum remained extremely disturbing, with further losses going under the $3,050 mark, much like Bitcoin ETH going under $3,000. The drop occurred when it was at $2,936 and is currently only traveling south. The Ethereum trade price has sunk to $3,050, along with the 100-day simple...
Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala
9.5.2024
Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump also shared with the group that President Joe Biden “doesn’t even know” what...
Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina
9.5.2024
Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina. The data center facility, in the Bajo del Toro thermoelectric plant, will host 1,200 bitcoin miners....
VanEck subsidiary's memecoin index up 137% year-to-date
9.5.2024
This represents a 15 times increase compared to the S&P 500's year-to-date returns in 2024
Ghana’s crypto stamps honor king’s Silver Jubilee
9.5.2024
Ghana Post launched a crypto stamp collection to showcase its king’s 25-year-long journey of persevering in traditional values and adopting new-age technology
Stablecoins on Bitcoin coming soon, says Lightning Labs CEO
9.5.2024
Elizabeth Stark unpacked the basics of Bitcoin Lightning at FT Live’s Crypto summit and teased a new development on Bitcoin’s leading layer 2
South Korean convenience store sells Bitcoin-themed 'meal boxes'
9.5.2024
A convenience store in South Korea is offering Bitcoin meal boxes in collaboration with the local exchange Bithumb where customers can win small amounts of Bitcoin with their purchase
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
9.5.2024
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments, stating these are “a safe, quick, and more...