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Historian Yuval Noah Harari Expresses Skepticism About Bitcoin, Calls It ‘A Currency of Distrust’
13.5.2024
Last week at the BIS Innovation Summit 2024, Israeli historian, philosopher, and bestselling author Yuval Noah Harari shared his views on bitcoin and electronic currency. During his presentation, Harari emphasized his disapproval of bitcoin, stating it is its money “built...
Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges
13.5.2024
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said
Belarusian President Claims Decline in US Dollar and Euro Use Globally
13.5.2024
Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide....
DEX volume rises: What does it indicate for BNB’s price?
13.5.2024
According to Artemis data, Binance’s BNB Chain decentralized exchange (DEX) trading volume has spiked beyond $700 million for the first time since May 2. This rise in DEX volume is indicative of heightened user activity and involvement on the BNB Chain network. This climb in BNB Chain’s...
Gamestop Shares Surge 70% as Roaring Kitty Returns to Social Media
13.5.2024
Gamestop shares climbed by 70% today, representing the most significant gain since 2021, triggered by a mysterious social media post from Roaring Kitty, the figurehead of the earlier meme stock and Wall Street Bets craze. This sharp rise in the stock’s value occurred alongside pronounced...
Dogecoin: To the moon or risky bet? Institutional interest sparks debate
13.5.2024
Dogecoin, the meme-inspired cryptocurrency that has captured the attention of both retail investors and celebrities alike, is once again making headlines as reports emerge of significant purchases by institutional investors and high-profile individuals. This development has sparked speculation...
Polkadot faces market challenges: Investor concerns rise
13.5.2024
Polkadot (DOT), one of the leading blockchain platforms known for its interoperability and scalability features, has recently encountered challenges that have raised concerns among investors and enthusiasts. A combination of factors, including market volatility, network congestion, and regulatory...
Kraken challenges SEC’s definition in legal battle
13.5.2024
Kraken counters the Securities and Exchange Commission’s version of identifying legal investment deeds pertaining to transactions on the Kraken platform. This is regarding an appeal for nullifying a case introduced by the SEC. Kraken’s appeal focuses on a crucial differentiation between...
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...