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‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto
20.5.2024
Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions...
Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews
The Week’s Biggest Crypto Gainers and Losers: PENDLE Soars, WLD Plummets
20.5.2024
This week bitcoin appreciated over 6% against the U.S. dollar, while ether increased more than 3% in the same period. Meanwhile, more than twelve alternative cryptocurrencies saw double-digit gains between 10% and 33.4%. Weekly Crypto Highlights: Double-Digit Gains and Losses Across the Board As...
Dormant Bitcoin Wallet Transfers 114 BTC Worth $7.6M After 11 Years
20.5.2024
With bitcoin’s price up 6.8% from last week, a dormant bitcoin address from 2013 became active for the first time in over 11 years, transferring 114.42 bitcoins valued at $7.67 million. Sleeping Bitcoin Wallet Awakens After 11 Years, Moves 114 Bitcoins April and May have seen fewer...
Bonk Up 20% in a Week as New Solana Meme Coin SEAL Nears $2M
20.5.2024
Meme coins are back in the spotlight again, and Bonk (BONK) is leading the charge. The Solana-based token has rallied 20% in the past week and is now trading around the $0.0000257 level. Alongside BONK, presale project Sealana (SEAL) is also seeing growth – nearing the $2 million milestone...
Mobs of Bonk Inu Token Traders Now Buying Mollars ICO
20.5.2024
Large mobs of Bonk Inu (BONK) token traders appear to be migrating into the ICO for Ethereum-Blockchain’s new store-of-value asset; A rival token for Bitcoin.
The post Mobs of Bonk Inu Token Traders Now Buying Mollars ICO appeared first on Cryptonews
Renewable electricity is more optimal than Paraguay’s anti-mining bill
20.5.2024
The Paraguayan legislature is urgently pushing a bill that, if passed, could mean up to a decade behind bars for illegal Bitcoin miners due to the large amount of electricity pilferage jeopardizing the state-backed National Electricity Administration. The proposed legislation enables Paraguayan...
Judge Rules Craig Wright Lied ‘Extensively,’ Committed Forgery in Bid to Claim Satoshi Identity
20.5.2024
On May 20, 2024, a ruling was delivered by Justice James Mellor in the COPA vs. Craig Wright case. Mellor determined that Wright lied “extensively and repeatedly” in his efforts to prove he was Satoshi Nakamoto. Mellor emphasized that Wright’s evidence was “at best...
Grayscale Leadership Change: Sonnenshein Steps Down — Goldman Sachs’ Peter Mintzberg Appointed New CEO
20.5.2024
Crypto asset manager Grayscale Investments has appointed Peter Mintzberg as CEO, effective August 15, 2024. Mintzberg, currently Global Head of Strategy for Asset and Wealth Management at Goldman Sachs, will also join Grayscale’s Board of Directors. He succeeds Michael Sonnenshein, who steps down...
Bitcoin leads despite a 9% NFT weekly sales dip of $145M
20.5.2024
The previous week’s sales figure for NFTs was $145 million, indicating a 9% decline compared to the previous week’s figure. In terms of the volume of sales for four prime blockchains, this has been going on for a while now. As for online collections, the sales figures declined by over...
Kaamel Technology to lead investigation into XLink's $10M breach
20.5.2024
XLink partners with Kaamel Technology to investigate the initial cause of the breach while accelerating previously communicated security upgrades
BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap
20.5.2024
BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi).
The post BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap appeared...
Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days
20.5.2024
Ethereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139. With a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion, the cryptocurrency shows a mixed technical outlook. At 7:57 (EDT) on Monday, ether is exchanging hands for just...
Bitcoin weekly new wallets drop to the lowest level since 2018
20.5.2024
Since 2018, the weekly number of Bitcoin addresses has fallen to its lowest level. The recent trend was influenced by developments in the Bitcoin space and the upcoming halving event. Market reports indicate that the Bitcoin ecosystem has recently added an average of 275,000 addresses. Reports...
First Mover Americas: BTC, ETH Little Changed Ahead of Ether ETF Decision
20.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels
20.5.2024
As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that...
Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi
20.5.2024
Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to the macro researcher
Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting Directive
20.5.2024
The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has called on platforms engaged in practices that...
Bitcoin surges 16% in May, but analysts warn of correction ahead
20.5.2024
Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant...
Bitcoin’s Price Poised for New ATH after $67,500 Resistance Level: 10x Research
20.5.2024
Bitcoin's price is poised to surge to new all-time highs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point.
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