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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...
Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions
13.5.2024
Kenya's President William Ruto also wants to build a regulatory framework for crypto, with Marathon's help
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...
El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves
13.5.2024
El Salvador, renowned for its move to adopt Bitcoin as legal tender in September 2021, has now introduced a cutting-edge online platform for tracking its Bitcoin Treasury.
The post El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves appeared first on Cryptonews
Uniswap Creator: Biden Administration Mistaken in Believing Crypto Irrelevant to 2024 Elections
13.5.2024
Hayden Adams, the creator of the decentralized finance platform Uniswap, has warned the Biden Administration that it is gravely mistaken to believe that crypto will be irrelevant in the 2024 election. Adams also criticized the administration for allowing the U.S. Securities and Exchange Commission...
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...
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...
Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks
13.5.2024
The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others
WBTC thief returns $71 million worth of stolen funds
13.5.2024
On-chain transactions leading up to the return suggest this wasn’t a white hat hacker but a malicious actor who intended to steal the funds before investigators got involved
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...
First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound
13.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein
13.5.2024
Lower cost miners have increased market share since the bitcoin halving event, the report said
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...
Japanese listed firm adds Bitcoin as reserve asset with 117 BTC
13.5.2024
Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million
Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery
13.5.2024
As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156....
Bitcoin (BTC) holds optimism despite a downtrend
13.5.2024
Bitcoin (BTC) is fairly away from its recent ATH of ~$74,000. However, optimism is more than obvious within the crypto ecosystem. This is based on two technical indicators, namely MVRV Z-Score and Fear & Greed Index. The former showcases the value of 1.87, while the latter rides a Greed...
Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says
13.5.2024
One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
13.5.2024
Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%
Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency
13.5.2024
Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s...
El Salvador launches $360M Bitcoin Treasury monitoring website
13.5.2024
El Salvador was the first country to adopt Bitcoin as legal tender back in 2021 and now holds over 5,700 BTC