Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update
Bitcoin relinquished early gains above $70,000 to close the week only marginally higher.
Posts published on May 24, 2024 go to media archive 3/4
Bitcoin Disappoints With Fall To $67,000, But Analyst Says Investors Should Not Be Fazed. Here’s Why
Bitcoin has dropped from its weekly high of $71,980, recorded on May 21, to as low as $67,000, raising concerns amongst crypto investors. However, crypto analyst Jelle has suggested that there is no need to be worried about the flagship crypto’s…
Bitcoin RSI copies 2017 bull run as trader says $75K key for BTC price
Bitcoin could be preparing its "main breakout" if RSI traits follow the run-up to old $20,000 highs from late 2017.
Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance…
UAE agriculture authority prohibits crypto mining on farms: Report
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.
EU Council reaches agreement on supercomputer use for AI development
EU Council agrees on regulation to expand EuroHPC’s supercomputing role, adding AI factories to boost Europe’s AI ecosystem and support startups.
JayX Launches Unique LK Trading Contest: Win Big Even with Losses
PRESS RELEASE. JayX, a leader in blockchain innovation, is thrilled to announce the LK Trading Contest, a novel event designed to engage traders of all levels with its unique dual prize structure. Running from May 20, 2024, 10:00 UTC to June 20…
Who Needs an Off-Ramp? Ether.fi Plans Visa Card for Crypto Degens
The "Cash" Visa card from Ether.fi, the liquid restaking startup on Ethereum, might help crypto natives turn their decentralized finance investments into spending money.
Crypto Exchange OKX Withdraws Hong Kong License Application
The exchange's action follows that of Huobi Hong Kong and several other applicants earlier this month.
Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree
Ethereum (ETH), the world’s second-largest cryptocurrency, has been on a tear lately. After months of hovering, the coin has seen a surge in price, and analysts are now pointing to signs within the derivatives market suggesting this rally…
Ether ETFs will ‘destroy ethos of crypto,’ says DeFi exec
The Ether ETF approval in the U.S. has sparked investor excitement and a decentralization debate.
Spot Bitcoin ETFs See Straight 9 Days of Inflows
U.S. spot bitcoin ETFs continue their hot streak, recording $107.91 million in inflows on Thursday for their 9th straight day of gains. This marks the longest inflows since mid-March, when the products saw 10 consecutive positive days.The appetite…
CatCoin demands BitForex resolve token withdrawals, hints at lawsuit
The CatCoin team urged BitForex to respond to its grievances via a designated email address, marking a last-ditch effort before potentially escalating the matter further.
First Mover Americas: Crypto Extends Slide Despite SEC Ether ETF Filings Approval
The latest price moves in bitcoin (BTC) and crypto markets in context for May 24 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity
Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin…
Ready For Liftoff: XRP Price Primed To Skyrocket Before November
Crypto analyst JT (@JTheretohelp1) has provided a technical analysis indicating a pivotal movement for XRP before November this year. His analysis, shared on social media platform X, presents a detailed view of the XRP price in the 2-month chart…
Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers.
Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized
Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal…
Hong Kong crypto exchange folds to regulatory pressure
Gate.HK plans a major overhaul to comply with regulations and aims to relaunch services after obtaining the necessary licenses.
Ether ETF approved, but Gary Gensler didn’t vote for it — Here’s why
Unlike the spot Bitcoin ETF, which was approved via voting by a five-member committee, including SEC chief Gary Gensler, the spot Ether ETF was approved by the Trading and Markets Division of the SEC.
XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation
XRP, a crypto that has faced regulatory challenges, is back in the spotlight with analyst Dark Defender predicting a potential price surge by mid-2024. Defender’s analysis hinges on a confluence of factors, including technical indicators…
Bitcoin and Ether options worth $2.7 billion set to expire
The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit.
Bitcoin dominance risks breaking 18-month uptrend on Ether ETF launch
Ethereum ETFs may spark a new "altseason," traders suggest, with Bitcoin losing market share after hitting two-year highs.
Bitcoin, Ether Rally Cools Following U.S. Ether ETF Listing Approval
One trader said ether’s sell-off on positive news is a typical speculator's "buy the rumours, sell the facts" reaction.
Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Executive’s Illness
Binance's head of financial crimes compliance Tigran Gambaryan is seriously ill, his lawyers said.
Kabosu: The Iconic Shiba Inu Face of Dogecoin Passes Away
AI firm Rabbit rejects Coffeezilla’s NFT scam accusation
A Rabbit spokesperson claimed that the Gama team was forthright with the open sourcing of the project and that the allegation was false.
When Spot Ethereum ETFs Go Live ‘Expect A Bloodbath’, Says Expert
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer…
US courts to handle Coinbase Dogecoin sweepstakes disputes
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions.
SEC Approves Key Regulatory Filings for Spot Ether ETFs
The U.S. Securities and Exchange Commission (SEC) has approved pivotal 19b-4 filings for spot ether ETFs, marking a major regulatory milestone for the cryptocurrency sector. This approval indicates a newfound willingness to engage with ether ETF…