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Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst

31.5.2024
The price action has been highly muted this week after plenty of volatility surrounding the previous week's surprising regulatory turnaround for the spot ether ETFs

Bitdeer Announces $100 Million Investment From Tether

31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...

Japanese exchange DMM loses $305M in Bitcoin via private key hack

31.5.2024
The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended

Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach

31.5.2024
DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May...

Dogeverse Presale Enters Final 3 Days After Raising $15M, Analysts Forecast Big Gains in June

31.5.2024
Multi-chain token Dogeverse is preparing for one of the biggest meme coin launches of the year after raising more than $15 million in a red-hot presale. The project has gotten a ton of attention from meme coin traders and crypto analysts, many of whom believe the $DOGEVERSE token could deliver...

Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum

31.5.2024
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for...

Bitcoin grows, but not enough to inspire short-term optimism

31.5.2024
When Bitcoin ($BTC) emerged from the consolidation phase, it was expected that it would quickly surpass the milestone of $84,000. That was within the range of $61,000 and $64,000. However, there has been a slight reversal. While growth is still very much in the picture, the pace has come to a halt...

Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack

31.5.2024
Measures have been taken to prevent further unauthorized outflows, the exchange said

May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements

31.5.2024
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner...

Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said

3 solid Bitcoin indicators predicting BTC price rise to $75K in June

31.5.2024
A breakout from Bitcoin's symmetrical triangle pattern is imminent as long-term holders continue to accumulate

Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation

31.5.2024
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily...

Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More

31.5.2024
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said

NFT sales volume tumbles 54% in May: CryptoSlam

31.5.2024
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining

First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data

31.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date

31.5.2024
Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest...

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams

31.5.2024
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source...