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JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
2.5.2024
The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States....
Bitcoin Post-Halving Price Consolidation Isn’t Over Yet: Bitfinex
2.5.2024
Analysts at cryptocurrency exchange Bitfinex predict the price of Bitcoin could consolidate for up to two months post-halving
The post Bitcoin Post-Halving Price Consolidation Isn’t Over Yet: Bitfinex appeared first on Cryptonews
Hundred Finance Hacker Transfers Stolen Funds After A Year Of Inactivity
2.5.2024
Following a year of inactivity, the hacker known as Hundred Finance, who was behind the $7.4 million cryptocurrency theft, reappeared on May 1 and began transferring cryptocurrency assets out of Curve's decentralised exchange.
The post Hundred Finance Hacker Transfers Stolen Funds After A Year...
Messari CEO Criticizes US President’s Crypto Stance, Foresees ‘Mass Wealth Confiscation’ if Biden Gets Reelected
2.5.2024
Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social media platform X, stating that a “second Biden term...
Crypto market dips: Exploring altcoins amidst Bitcoin and Ethereum volatility
2.5.2024
Investors’ sentiments are not precisely bullish when it comes to the crypto market. Most of it is driven by a constant decline in the value of BTC and ETH following Bitcoin Halving and FED interest rate decision. The air earlier was certainly favorable; however, the market has refused...
Pantera invests in TON with high expectations for Telegram’s future
2.5.2024
The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said
Coinbase Announces Support for Bitcoin’s Lightning Network
2.5.2024
Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing...
DOGE Price Is Up 7%, Holders Venture Into New Dog-Themed ICO, Looking For 1,121% returns
2.5.2024
Original meme coin Dogecoin ($DOGE) has risen 7% in the last 24 hours to become one of the fastest recovering cryptocurrencies following a brief market crash this week. DOGE currently trades for $0.1317. That’s about 12% down from where it was this time last week, making the world’s...
Altcoin vs Bitcoin: Which should you invest in now?
2.5.2024
The crypto market has been trembling since Bitcoin Halving. A settlement was anticipated when applications for Spot Bitcoin ETF were approved. For a moment, Bitcoin did rise to a new ATH, but has now reverted to lower lows. Bitcoin is currently trading at a value of less than $60,000, and ETH...
Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
2.5.2024
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like...
Ripple vs. SEC legal battle impacts XRP’s performance
2.5.2024
Ripple filed a plea to counter the testimony of the Security and Exchange Commission’s accountant. It faced stiff opposition from the Securities and Exchange Commission, and its accountant was regarded as a summary witness. Ripple expressed its frank view that it recognized that...
Shiba Inu may lose another vital support, although not too bad
2.5.2024
When the current cryptocurrency market downturn is considered, the Shiba Inu memecoin is only a matter of time away from dipping below the $0.00002 support level. From a price of $56,900 per token, Bitcoin is now moving into the meme coin world, causing concern for the profit margins of altcoins....
Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends
2.5.2024
A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because...
Solana Price Prediction as SOL Gains 10% Overnight — Is It Time to Load Up?
2.5.2024
SOL has gained by 10% today, with the Solana price moving to $137.28 as the cryptocurrency market as a whole posts a 2% increase in 24 hours.
The post Solana Price Prediction as SOL Gains 10% Overnight — Is It Time to Load Up? appeared first on Cryptonews
Federal Reserve holds interest rates steady amid economic uncertainty
2.5.2024
In a widely anticipated decision, the Federal Reserve kept interest rates unchanged during its latest policy meeting, citing ongoing economic uncertainty and the need for continued support amid challenging global conditions. Despite the significance of the decision, financial markets exhibited...
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
2.5.2024
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business
Bitcoin dominance falls after FED interest rate decision: Time to stock up altcoins like MVP now?
2.5.2024
With Bitcoin’s influence waning in the crypto world, now might be a good time to think about branching out into alternative coins this altseason. While Bitcoin remains the player, altcoins come with their own perks, such as quicker transaction speeds, cutting-edge technologies, and...
MoonPay expands crypto options with PayPal integration
2.5.2024
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
2.5.2024
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal...