US banking lobby last-minute bid to stop Biden vetoing SAB 121 overturn
The American Bankers Association claims that United States President Joe Biden's move will "harm investors, customers, and ultimately the financial system."
Posts published on June 1, 2024 go to media archive 1/2
An Introduction to Bitcoin Layer Two Solutions
Bitcoin, the pioneer of blockchain technology, has faced challenges as its adoption has grown. With its original design allowing only seven transactions per second, the network often struggles with scalability, leading to high fees and slower…
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by…
US SEC is ‘bent on choking’ the crypto industry — Coinbase
The United States Securities and Exchange Commission “is serious about the destruction of digital assets,” according to cryptocurrency exchange Coinbase.
Trump Becomes First President To Accept Bitcoin Lightning Payments For Campaign Donations
In a historic move, Donald Trump has become the first American President to accept Bitcoin Lightning Network payments for campaign donations. The announcement marks a significant step in the integration of Bitcoin into mainstream politics…
Donald Trump’s Crypto Portfolio Tops $14M Post-Conviction — Meme Coin Holdings Soar, Says Arkham
Chainlink Is Not Done: Analyst Predicts 300% Rise Against Bitcoin
A crypto analyst has highlighted the Chainlink remarkable resilience amidst market volatility, predicting that the cryptocurrency is getting ready to witness a 300% surge against Bitcoin, the world’s largest cryptocurrency. Chainlink Poised For…
JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs
JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the…
Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy…
Worrying Signs For XRP: Price Tumbles As Demand Dries Up
Crypto investors are keeping a close eye on Ripple (XRP) as technical indicators paint a concerning picture for the altcoin’s price. After closing below its 20-day exponential moving average (EMA) for four consecutive days, XRP has entered…
Cathie Wood’s Ark Invest Halts Spot Ethereum ETF Plans
Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects…
Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules
Ether ETFs expected in June, CZ leaves Binance France, and other news: Hodler’s Digest, May 26 – June 1
Analysts predict ETH ETF’s launch for June, Bitcoin dips as Mt. Gox wallets move, and Binance France changes ownership.
Google and Magic Leap partner up to make metaverse goggles despite past flops
It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.
Bitcoin Retreats After Failing To Break Crucial $72,983 Resistance
Following the failure to break above the $72,983 resistance level, the price of Bitcoin has continued to drop. Although Bitcoin’s price is still trading above the 1-day Simple Moving Average (SMA), this rejection has led to the crypto asset…
Ripple CEO Says XRP, Solana, Cardano ETFs Are ‘Inevitable’
Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the…
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a…
Can BONK Break The Mold? Analyst Predicts Stellar Rise For The Solana Memecoin
The meme coin market is back in the spotlight, and BONK is no exception. The dog-themed token has seen a price surge of over 40% in the last month, mirroring a broader trend among its rival meme coins. This recent rally comes amidst positive…
Bitcoin Firm Unchained Partners With University of Texas to Launch $5 Million Bitcoin Endowment Fund
The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins…
OpenAI launches official ChatGPT support for universities and nonprofits
OpenAI is pulling out all the stops to ensure that everyone is using its ChatGPT services.
Ex-Binance CEO Changpeng Zhao Begins 4-Month Prison Term in California
Several reports have indicated that the ex-CEO and founder of Binance, Changpeng Zhao (CZ), has commenced his four-month term at a low-security federal facility in Lompoc, California. CZ Enters Low-Security Facility After Pleading Guilty to Money…
Bitcoin Enters Dreaded ‘Chop Season’ – What Does This Mean For Price?
Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs). How The Chop…
6 questions for Goggles Guy who ‘saved’ crypto with question to Trump
“The guy in the goggles” tells Cointelegraph about his single question to Trump that helped turn around crypto’s fortunes in the U.S.
Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain $50M
Bitcoin Is A Mirror That Reveals All
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Scrolling through my timeline, I noticed a guy who said I orange-pilled him a while back. He was into drugs and…
NFT Sales Dip Again: Ethereum Leads as Market Declines by 7.03%
Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03%…
Dogecoin Whales Buy $112 Million Worth Of DOGE As Crypto Investors Turn Their Attention To Meme Coins
Dogecoin (DOGE) has come under the spotlight, with crypto investors looking to have turned their attention to the foremost meme coin. This development is expected to positively impact the meme coin, which has lagged for a while now. Dogecoin…
$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin…
Bybit Affiliate Withdraws Hong Kong VASP Application Months After Regulator Issued License Warning
The Singaporean crypto exchange Bybit’s affiliate Spark Fintech Limited, has abandoned its pursuit of an operating license in Hong Kong. The affiliate withdrew its virtual asset trading platform application on May 31, exactly four months…
MotoGP’s Gresini racing goes crypto with new fan sponsorship program
MotoGP race team Gresini Racing is embracing elements of decentralized ownership through a new program allowing fans to purchase personal team sponsorship packages.