Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase
Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above…
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed…
Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the…
Bitcoin Price Decline Continues: Lower Targets in Sight
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below…
Stablecoins would help US keep up with China: Former House speaker
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed.
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably…
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that…
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which…
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed…
Bitcoin uses more renewable energy, but will Tesla accept it again?
Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased.
Crypto Sector Secures $317M in Venture Capital Deals in Early June
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with…
Gary Gensler could ‘literally cost Joe Biden the election’ — Mark Cuban
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency
Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is…
Salvadoran Government Introduces Bitcoin Banking Law Reform
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to…
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by…
Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out…
T-Mobile Owner Deutsche Telekom Unveils Bitcoin and Lightning Network Node Operations
This week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent…
Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says
After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market…
Ethereum’s Pectra upgrade: Key risks identified in Report
According to a new report by Liquid Collective and Obol, Ethereum’s Pectra upgrade in 2025 poses significant risks, including concerns over client, operator, and cloud diversity.
Report Says Biden Administration, Mark Cuban, and Ro Khanna Set for Critical Crypto Roundtable
Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to…
JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial…
The following is an excerpt from “I Am Not Your Bruh: 21 Keys to Sound Parenting" by George Mekhail. Visit the Bitcoin Magazine Store to order your copy of the book, on sale today.I started using this phrase as my final words to the kids when…
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for…
Ethereum: 200,000 ETH Options Expiry Spurs Demand – How Far Can Price Go?
Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options…
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