Did XRP price just bottom against Bitcoin?
XRP price has fallen over 14% year-to-date, pressured by Ripple’s ongoing legal battle with the SEC. So, a bounce is in order, analysis suggests.
Posts published by Cointelegraph.com News 262/648
New South Korean leadership will press for Bitcoin ETF trading
The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds, and it expects to follow through — one way or another.
Crypto must adapt to laws, not the other way around — John Reed Stark
Former SEC official John Reed Stark has criticized the misuse of “regulation by enforcement” claims in a hearing before U.S. Congress.
Crypto is ‘top of mind for voters’ in US swing states — Harris Poll
A majority of respondents with crypto-positive views said they intended to vote in 2024, where tight elections in certain states could swing to either political party.
EU crypto regulations undermined by lack of enforcement, say observers
The European Union’s Markets in Crypto-Assets Regulation is being phased in, but regulators have reportedly been inconsistent in enforcing existing laws.
Buy altcoins now, but sell before ‘mid-2025’: Charles Edwards, X Hall of Flame
Crypto analyst Charles Edwards believes we’ve entered “the 12-month window” to make altcoin profits: X Hall of Flame.
QANplatform launches world’s first quantum-resistant, EVM-compatible testnet
Quantum computers will be able to crack today’s main cryptographic algorithms employed by the whole internet, including banking applications, email providers, and social media platforms.
Bitcoin exchange inflows drop to 10-year lows after $74K all-time highs
Bitcoin exchanges are seeing the kind of daily inflows more associated with BTC prices under $1,000.
Hong Kong central bank forms community to explore assets tokenization
Regulators like HKMA and SFC united with local private sector firms like HSBC and HashKey to support the market of tokenization in Hong Kong.
Crypto options desk QCP Capital wins Abu Dhabi license: Report
The in-principle approval enables QCP Capital to offer regulated digital asset activities in the region.
Leading Colombian bank launches crypto exchange and peso stablecoin
The Colombian bank behind the crypto exchange claimed the platform was created after nearly a decade of study and research.
Australian Tax Office seeks data from 1.2M crypto exchange users: Report
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.
Nigerian officials proposed secret crypto settlement, claims Binance CEO
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.
Bitcoin trader flags key levels as BTC price attacks $64K liquidity
BTC price eats away at positions as Bitcoin bulls attempt to carve a path higher.
Nigeria to ban peer-to-peer crypto trading in naira
Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”
Revolut debuts dedicated crypto exchange for UK users
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
Starknet Foundation launches $5M grants program
The funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation.
Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows
GBTC has recorded inflows for two consecutive days — bringing its total inflows to $66.9 million.
How long does it take to mine 1 Bitcoin?
Mining a Bitcoin block takes about 10 minutes, but does that timeframe translate to mining 1 Bitcoin?
Kronos Research hacker shifts funds to Tornado Cash
Kronos Research was exploited for $25 million in November 2023, with one of the six wallets linked to the hacker moving funds to Tornado Cash on May 7.
Polygon’s ZK-rollup Ethereum scaler Miden hits testnet
The Ethereum layer-2 scaling solutions provider is going up against StarkWare’s tech stack Starknet.
Ore wins Solana hackathon despite disrupting Solana’s network in April
A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue where up to 70% of non-vote transactions were being rejected.
Tom Brady grilled on FTX ties in Netflix roast — ‘He fucked those people’
Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX.
Bitcoin ‘as strong as ever’ with record high 200-day moving average
The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.”
SEC punts Galaxy spot Ethereum ETF decision to July
The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.
Bitcoin miner Marathon Digital to join S&P SmallCap 600, shares jump 18%
Marathon Digital will officially be added to the index fund on May 8.
Memecoins sell-off as Bitcoin price takes the spotlight — Is meme season over?
Memecoins are underperforming Bitcoin today, which could be a sign that traders will pay more attention to BTC’s post-halving recovery.
Central banks must revise business model, embrace CBDCs — ECB member
Bundesbank’s president Joachim Nagel urged central banks to revamp their business models and adopt digital currencies during the BIS Innovation Summit.
Crypto firms to see more enforcement actions within 2 years — CFTC chair
Rostin Behnam said that “without a regulatory framework,” regulators would continue pursuing crypto firms to protect investors from potential fraud and manipulation.
Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.