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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.
The post Bitcoin’s Price Poised for New ATH after $67,500 Resistance Level: 10x Research appeared first on Cryptonews
Trader turns $2.2K SOL into $2.26M in 8 hours with new memecoin
20.5.2024
The trader, the largest BOME holder, made an over 993-fold gain on his initial investment, spurring insider trading allegations
Do users really care about decentralization? Industry figures clash
20.5.2024
Ethereum's Dankrad Feist and Helius Labs CEO Mert Mumtaz clash on X over the importance of decentralization, revealing differing views on the crypto market's priorities
Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices
20.5.2024
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory...
Bitcoin would need to hit $93K to flip Silver right now
20.5.2024
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago
IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System
20.5.2024
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification...
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
20.5.2024
Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union’s upcoming MiCA framework
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
20.5.2024
Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere...
Skybridge’s Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
20.5.2024
Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other...
Donald Trump Viewed as ‘America’s First Crypto President’ by Former CFTC Chairman
20.5.2024
Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during...
US Congress Passes First Standalone Crypto Legislation
19.5.2024
The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about...
Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis
19.5.2024
The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric...
Over $23M in Casascius Bitcoins Redeemed in 2024, Leaving $2.7B Untouched
19.5.2024
As of the latest data, 352.3 BTC valued at $23.5 million linked to Casascius physical bitcoins have been redeemed this year. Despite 155 physical bitcoin peels, an estimated $2.7 billion in value remains unclaimed and associated with these tangible assets. 18,741 of Mike Caldwell’s Casascius...
Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers
19.5.2024
The price of bitcoin experienced a challenging May, dipping below $60,000 to reach a low of $56,500 per unit on May 1, 2024. Currently valued at $66,900 per unit, bitcoin’s price is showing improvement as June approaches. The founder of the onchain and market data platform Cryptoquant...
10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days
19.5.2024
According to recent data, the ten spot bitcoin exchange-traded funds (ETFs), excluding Grayscale’s Bitcoin Trust (GBTC), acquired 548,556.62 BTC from the market over the last 128 days. This acquisition means the ten newly introduced spot bitcoin ETFs collectively hold 2.78% of the crypto...
Vitalik Buterin Outlines Improvements for Ethereum’s Decentralized Future
19.5.2024
Ethereum co-founder Vitalik Buterin has proposed several enhancements aimed at improving the network’s permissionlessness and decentralization. The proposed changes focus on tackling issues such as miner extractable value (MEV), hardware requirements, and staking dynamics. Ethereum...
Accidental Bitcoin Transfer Pushes Satoshi Nakamoto’s Genesis Wallet Over 100 BTC
19.5.2024
Based on the latest data, the well-known Genesis address owned by Satoshi Nakamoto now holds over 100 BTC after someone inadvertently sent 0.10754671 BTC, valued at $7,211, to the wallet. The current value of the wallet, which has never been spent, is estimated at $6.75 million. Another...
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
19.5.2024
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to...
UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
19.5.2024
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However...