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Bitcoin not budging past $60,000: Is this a benefit for altcoin favorites Ethereum and O2T?
6.5.2024
While Bitcoin (BTC) not budging past the $60,000 mark might seem like a concerning trend for some investors, it potentially benefits altcoins like Ethereum (ETH) and Option2Trade (O2T). This scenario underscores the importance of diversification within the crypto market and highlights how different...
Bitcoin makes history: Surpasses one billion transactions
6.5.2024
Bitcoin, the pioneering cryptocurrency, has reached a significant milestone, surpassing the one billion transactions mark nearly eight hundred weeks after its launch. This achievement underscores Bitcoin’s enduring relevance and adoption as a decentralized digital currency, with implications...
Runes and BRC-20s are just a stepping stone for Bitcoin DeFi
6.5.2024
Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi
SEC Issues Wells Notice to Robinhood Over Crypto Operations
6.5.2024
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement...
STYLE Protocol Building to Empower Gamers Closes $2.5M Seed and Lists Token on Major Exchanges
6.5.2024
PRESS RELEASE. MAY 6, 2024 — Switzerland. STYLE Protocol, which transforms NFTs into 3D assets that can be used in any game or metaverse, has listed its native utility token on major exchanges. The cutting-edge digital asset — $STYLE — made its debut on Bitget and MEXC, and is also available on...
First Bitcoin-backed synthetic dollar to launch with 25% yield
6.5.2024
USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
6.5.2024
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s...
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
6.5.2024
The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs
Bitcoin Technical Analysis: Bulls Challenge Upper Resistance
6.5.2024
Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty...
First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound
6.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime
6.5.2024
The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan...
FTX addresses transferred $8.3M one day before amended proposal deadline
6.5.2024
The transfer occurred a day before FTX debtors are set to release a new restructuring plan for the exchange
Bitcoin Runes reclaims dominance over BTC transactions
6.5.2024
Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network
Bitcoin’s latest dip: Crypto dreams clash with Reality
6.5.2024
Following a remarkable seven-month price increase, Bitcoin experienced its worst month since November 2022 in April, with a loss of over 16% of its value. Unexpectedly, this decline occurred immediately following the highly anticipated Bitcoin halving event that took place on April 18. However,...
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
6.5.2024
The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETF in Hong Kong
Analysts: Gold Rush In China Is Propping Prices Up
6.5.2024
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S....
Bitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEO
6.5.2024
The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents
Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week
6.5.2024
Hong Kong's newly launched spot Ethereum and Bitcoin ETFs accumulate about $2.73 million in assets under management in just one week, outperforming futures ETFs by 80%.
The post Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week appeared first on Cryptonews
Satoshi-era dormant Bitcoin address wakes up after 10 years
6.5.2024
According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade
Bitcoin mining revenue hits post halving yearly low
6.5.2024
Daily revenue from Bitcoin mining dropped to under $3 million as opposed to the previous daily average of roughly $6 million in the first four months of 2024