101 / 255 Relevant items tagged with #cryptocurrency
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US Congress Passes First Standalone Crypto Legislation
[May 19, 2024 2:38 PM] The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)’s SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened…
Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst
[May 19, 2024 11:30 AM] Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel…
Over $23M in Casascius Bitcoins Redeemed in 2024, Leaving $2.7B Untouched
[May 19, 2024 11:20 AM] As of the latest data, 352.3 BTC valued at $23.5 million linked to Casascius physical bitcoins have been redeemed this year. Despite 155 physical bitcoin peels, an estimated $2.7 billion in value remains unclaimed and associated with these tangible…
Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers
[May 19, 2024 10:38 AM] The price of bitcoin experienced a challenging May, dipping below $60,000 to reach a low of $56,500 per unit on May 1, 2024. Currently valued at $66,900 per unit, bitcoin’s price is showing improvement as June approaches. The founder of the…
10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days
[May 19, 2024 9:43 AM] According to recent data, the ten spot bitcoin exchange-traded funds (ETFs), excluding Grayscale’s Bitcoin Trust (GBTC), acquired 548,556.62 BTC from the market over the last 128 days. This acquisition means the ten newly introduced spot…
Bitcoin Boom: Price Explodes Past $67,000 As Investor Confidence Returns
[May 19, 2024 9:00 AM] The cryptocurrency market has been shaken by turbulence over the past year, but Bitcoin is now staging a remarkable comeback, breaking past the $67,000 mark for the first time since late 2023. This unexpected surge has electrified the Bitcoin…
Vitalik Buterin Outlines Improvements for Ethereum’s Decentralized Future
[May 19, 2024 8:39 AM] Ethereum co-founder Vitalik Buterin has proposed several enhancements aimed at improving the network’s permissionlessness and decentralization. The proposed changes focus on tackling issues such as miner extractable value (MEV), hardware…
Accidental Bitcoin Transfer Pushes Satoshi Nakamoto’s Genesis Wallet Over 100 BTC
[May 19, 2024 7:45 AM] Based on the latest data, the well-known Genesis address owned by Satoshi Nakamoto now holds over 100 BTC after someone inadvertently sent 0.10754671 BTC, valued at $7,211, to the wallet. The current value of the wallet, which has never been spent…
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
[May 19, 2024 6:50 AM] Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per…
Tether CEO Hints at Development of Global P2P Financial Markets Terminal
UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
[May 19, 2024 3:34 AM] The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer…
Venezuela bans crypto mining to protect power grid
[May 19, 2024 2:08 AM] This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.
Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins
[May 19, 2024 12:33 AM] Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the…
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
[May 18, 2024 11:36 PM] The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles…
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network
[May 18, 2024 9:37 PM] An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as…
Russia and Iran Collaborating on Single BRICS Currency, Iranian Ambassador Says
[May 18, 2024 7:36 PM] Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nations’ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away…
Economist Jim Rickards Predicts Gold Price Exceeding $27,000 — Says: ‘It’s Not a Guess. It’s Rigorous Analysis’
Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
[May 18, 2024 3:20 PM] Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior…
Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
[May 18, 2024 12:27 PM] Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value…
14 Years Ago, an Individual Offered 10,000 Bitcoins for 2 Pizzas, Finalizing the Deal in 4 Days
Cardano Whales Return To The Table, Increase Massive Holdings By 10%
[May 18, 2024 11:00 AM] Cardano (ADA) whales are back in the picture, with recent data suggesting their confidence in the crypto token may have been revived. If so, this will be massive for ADA, which could experience significant price surges soon enough based on this…
Bitcoin’s Runes Protocol Hype Falls Short: Significant Drop in Activity and Fees
[May 18, 2024 8:20 AM] It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly…
Court Approves Crypto Lender Genesis’ $3 Billion Payout to Customers
[May 18, 2024 7:33 AM] Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection…
Mid-May NFT Sales Drop by 8.97%, Top 4 Chains See Reductions
[May 18, 2024 6:41 AM] Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by…
Indian Regulator Advocates Multi-Agency Approach for Crypto
[May 18, 2024 5:20 AM] The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the…
ADA Price Surge Could Push Ratio Of Holders In Loss Below 55%
[May 18, 2024 5:00 AM] Cardano (ADA), the proof-of-stake blockchain network known for its smart contracts, has defied recent predictions of a fall from the top 10 cryptocurrency rankings by market cap. In a surprising move, ADA has instead become the top performer among…
Crypto Expert Willy Woo Predicts Bitcoin Has Room To Run – Here Are The Drivers
[May 18, 2024 2:57 AM] Crypto expert Willy Woo has predicted that Bitcoin will still make significant moves to the upside. He made this claim based on an indicator that suggests crypto investors are still willing to buy the flagship crypto at higher prices. Bitcoin…
Nigerian Court Rules Tigran Gambaryan Can Face Tax Evasion Charges on Behalf of Binance
[May 18, 2024 2:38 AM] The Binance executive, Tigran Gambaryan, who is currently in jail, has been deemed eligible by a Nigerian court to represent the cryptocurrency exchange in its ongoing tax evasion trial. A spokesperson for Binance stated that the charges against…
Genesis Global secures court approval for $3B payout
[May 18, 2024 1:43 AM] According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.