Paraguay seizes 2,738 ASICs as power theft crackdown continues
[May 31 2:05 PM] Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
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Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices?
[May 31 12:30 PM] As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term…
Bitcoin could grow by strides by being more like Ethereum
[May 31 11:11 AM] Turning Bitcoin into a multi-purpose ecosystem could allow it to reach the same level of success as Ethereum — and make it several times more valuable.
Price analysis 5/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX
[May 31 11:05 AM] Bitcoin and Ether may spend more time inside a range before starting a trending move.
Crypto Analyst Reveals Why $69,000 Is Very Important In The Grand Scheme Of A Bitcoin Recovery
[May 31 11:00 AM] Crypto analyst Pierre has provided insights into why $69,000 is a significant price level for Bitcoin. He suggested the flagship crypto could hit a new all-time high (ATH) if it successfully holds above that range. A Breakout Above $69,000 Could…
Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst
[May 31 9:47 AM] The price action has been highly muted this week after plenty of volatility surrounding the previous week's surprising regulatory turnaround for the spot ether ETFs.
Japanese exchange DMM loses $305M in Bitcoin via private key hack
[May 31 9:37 AM] The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
[May 31 7:31 AM] According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the…
3 solid Bitcoin indicators predicting BTC price rise to $75K in June
[May 31 6:41 AM] A breakout from Bitcoin's symmetrical triangle pattern is imminent as long-term holders continue to accumulate.
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data
[May 31 6:09 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin's Short Term Momentum Flips Bearish; Support Under $65K
[May 31 5:01 AM] The 50-day simple moving average marks major support at $64,870.
Bitcoin price monthly close above $69K would be 'epic' — New analysis
[May 31 3:46 AM] BTC price needs to work to flip its old 2021 all-time high to support as the Bitcoin monthly close approaches.
Bitcoin whale accumulation echos 2020: CryptoQuant CEO
[May 31 2:04 AM] CryptoQuant CEO Ki Young Ju highlights similarities between Bitcoin whale accumulation in 2024 and mid-2020, suggesting potential bullish trends as high on-chain activity continues despite low price volatility.
Bitcoin Whale Indicator Flashes Signal Last Seen Before 480% Surge In Mid-2020
[May 31 1:15 AM] CryptoQuant CEO Ki Young-Ju today pointed out significant similarities in Bitcoin’s market behavior between the current state and mid-2020, a period marked by stagnant prices but high on-chain activity. Young-Ju’s insights were illustrated…
Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
[May 30 10:21 PM] David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely…
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
[May 30 9:40 PM] Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be…
Bitcoin’s Upside Momentum Fading: What’s Next for BTC?
[May 30 7:14 PM] Bitcoin price started a recovery wave from the $67,000 zone. BTC is now struggling to clear the $68,800 and $69,500 resistance levels. Bitcoin remained stable above the $67,000 zone and recovered higher. The price is trading above $68,000 and the…
Lost And Found: Hackers Successfully Access Decade-Old Bitcoin Wallet, Retrieve $3 Million
[May 30 6:00 PM] In an extraordinary turn of events, two hackers have successfully cracked the long-forgotten password of a digital wallet, leading to the recovery of approximately $2 million worth of Bitcoin (BTC). Lost Bitcoin Fortune Unlocked As reported by…
University of Austin And Unchained To Raise $5 Million For Bitcoin Endowment
[May 30 5:00 PM] Unchained and the University of Austin (UATX) have announced their collaboration to hold Bitcoin in the University's long-term endowment. In a groundbreaking partnership, Unchained and the University of Austin @uaustinorg are launching the first…
JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features
[May 30 4:17 PM] Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference, Farooq stated, “We’ve seen the number of transactions…
Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump
[May 30 3:15 PM] Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power…
This Bitcoin Metric Is “One Of Crypto’s Top Leading Indicators”: Santiment
[May 30 3:00 PM] The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X…
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
[May 30 2:35 PM] Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a…
Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles
Crypto Strategist Who Predicted Bitcoin Rejection At $70,000 Reveals Where Price Is Headed Next
[May 30 1:00 PM] A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning…
Blackrock’s IBIT and Fidelity’s FBTC Drive $28M Inflows for US Bitcoin ETFs
[May 30 11:33 AM] On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops…
Traders say Bitcoin price fights “last resistance” at $69K before new all-time highs
[May 30 11:08 AM] The Bitcoin price remains stuck below $69,000 over the past 10 weeks, but analysts say it is a healthy price action
Elon Musk Counsels Donald Trump on Crypto Policy to Reach New Voters: Bloomberg
[May 30 10:27 AM] Elon Musk and former President Donald Trump are in discussions about cryptocurrency policy as Trump increasingly highlights Bitcoin and other digital assets on the campaign trail, Bloomberg reported today. According to sources familiar with the…
BlackRock Overtakes Grayscale To Become The Largest Bitcoin Fund In The World With $20 Billion AUM
[May 30 10:00 AM] American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in…