Cryptocurrency - news
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02.05.2024 21:30 According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations. cointelegraph.com |
02.05.2024 21:21 On Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws Coinjoin Feature from Wasabi Wallet Following intensified regulatory scrutiny in the U.S., […] bitcoin.com |
02.05.2024 21:18 The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs. cointelegraph.com |
02.05.2024 21:00 As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater. New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that HODLers will find “max pain” at around $51,000. The dip is less than $10,000 from spot rates, suggesting that although there are cracks, the correction might not be deep. Related Reading: Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? This overview is welcomed, considering the recent sell-off. Even so, predicting price bottoms in a fast-moving market influenced by multiple forces is tough. As price action stands, Ju says believers may take the opportunity to double down on the coin. The founder adds that the current price discount presents an opportunity for savvy investors to outperform traditional finance whales, including [...] newsbtc.com |
02.05.2024 20:22 Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social media platform X, stating that a “second Biden term will lead to mass wealth confiscation and crypto seizures.” […] bitcoin.com |
02.05.2024 20:20 Representatives Mike Flood and Wiley Nickel urged SEC Chair Gary Gensler to stop discriminating against Bitcoin funds in a letter. cointelegraph.com |
02.05.2024 20:12 Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. cointelegraph.com |
02.05.2024 20:05 Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed. cointelegraph.com |
02.05.2024 20:00 The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed that $51,800 is now the most important support level for Bitcoin. Norok pointed out that Bitcoin has since returned to its last support level which was last seen in December 2023, making this a crucial support. In the meantime, the support that had been built up by bulls at the $62,000 level has since been broken by bears and has now been turned into resistance. Nevertheless, the crypto analyst does not believe that the Bitcoin price has turned bearish, despite the crash that has rocked the crypto market. [...] newsbtc.com |
02.05.2024 19:48 The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said. cointelegraph.com |
02.05.2024 19:14 Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […] bitcoin.com |
02.05.2024 19:05 Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement. cointelegraph.com |
02.05.2024 19:02 MoonPay has partnered with PayPal to introduce a crypto
purchasing option for cryptocurrency app users in the US. This service
enables users to use PayPal for transactions via wallet transfers, bank
transfers, and debit cards. The integration promises to enhance the
accessibility and convenience of buying and trading cryptocurrencies by
bridging the gap between traditional financial services and the crypto market.Expanding Crypto AccessibilityAccording to the announcement on X, the
collaboration between MoonPay and PayPal signifies a significant milestone in
the journey towards mainstream adoption of cryptocurrencies. Users have access to a wider range
of digital assets as PayPal extends its offering of crypto tokens
through MoonPay. Additionally, PayPal's integration into MoonPay's ecosystem represents a
significant achievement in overcoming barriers to cryptocurrency adoption. Traditional banks have often imposed
restrictions on transactions
related to cryptocurrencies, leading [...] financemagnates.com |
02.05.2024 19:00 An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in the future based on the growth curve in the total user count on the network. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge The “total user count” here refers to the total number of investors present in the BTC space. Often, this metric is equated with the total number of addresses on the network carrying a balance, but in reality, it’s not the most accurate method as a lot of investors own multiple wallets. To make an estimation of an adoption curve, Woo has referred to all past studies done on the user count. The analyst shared the below chart in an X post a few days back. The adoption curve of the cryptocurrency over its entire history | Source: [...] newsbtc.com |
02.05.2024 19:00 PRESS RELEASE. Road Town, British Virgin Islands — May 2, 2024. EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two […] bitcoin.com |
02.05.2024 18:48 In a legal saga that has captured international attention, a
Nigerian court has adjourned the money laundering trial against cryptocurrency
exchange Binance and two of its executives until May 17. The decision came
after a lawyer representing the exchange informed the court that he had not
been served with the essential documents necessary to prepare for the case.Legal Proceedings Adjourned Binance, along with its executives Tigran Gambaryan and
Nadeem Anjarwalla, find themselves embroiled in legal proceedings alleging
money laundering exceeding $35 million and engaging in specialized financial
activities without the requisite license. Gambaryan, a US citizen and head of
financial crime compliance, and Anjarwalla, a British-Kenyan serving as a
regional manager for Africa, stand accused in this high-stakes trial.During Thursday's court session, Binance's legal
representative raised concerns about not receiving the additional proof of
evidence crucial for preparing the defence. The [...] financemagnates.com |
02.05.2024 18:19 We’re thrilled to announce that Kraken now supports new margin pairs for Internet Computer (ICP), Pepe (PEPE), Shiba Inu (SHIB) and DogWifHat (WIF)! Margin trading is now available for the below pairs for ICP, PEPE, SHIB and WIF: Pair base Pair name Available leverage Long Position Limit Short Position Limit ICP ICPUSD 3 3000 3000 […]
The post Expanded margin pairs available for ICP, PEPE, SHIB and WIF! appeared first on Kraken Blog. blog.kraken.com |
02.05.2024 18:04 MicroStrategy’s (MSTR) Bitcoin for Corporations conference has kicked off day 2, featuring Wall Street executives and leading fintech professionals exploring the future of corporate Bitcoin adoption. bitcoinmagazine.com |
02.05.2024 18:00 Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle. Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over the past three weeks following the Halving below the Range Low of its Re-Accumulation Range also known as the Post-Halving Danger Zone The post read: Over a month later Bitcoin continues to prove how it is more similar to the 2016 cycle. Just like in 2016, Bitcoin in this cycle is seeing additional downside below the Range Low of its Re-Accumulation Range in the three-week window after the Halving (i.e. Post-Halving “Danger Zone”). Given that Rekt Capital already addressed the concept [...] newsbtc.com |
02.05.2024 17:46 A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents. cointelegraph.com |
02.05.2024 17:44 David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar. Bitcoin Poised to Become Default Currency for AI, Says […] bitcoin.com |
02.05.2024 17:30 Deep fake nudes to be outlawed in UK and Australia, pick up artists fake big live stream audiences to meet women, plus more news: AI Eye. cointelegraph.com |
02.05.2024 17:00 On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As expected, this has raised concerns about how it could affect the XRP price, especially since Ripple has been accused of manipulating the token’s price. Ripple Unlocks 500 Million XRP Tokens Onchain data revealed 500 million XRP tokens were unlocked from Ripple’s escrow on May 1. The crypto firm is known to unlock 1 billion tokens monthly, although it looks to have only unlocked half this time around. The magnitude of these tokens always raises concerns, considering the negative impact they could have on the altcoin’s price if dumped on the market. Further analysis of the on-chain data shows that Ripple sent 300 million XRP out of the unlocked tokens to an escrowed account (2Not4co2op). Meanwhile, the crypto firm sent the remaining 200 million XRP tokens to another wallet (4vt5x1o91m). Considering that the 200 million XRP tokens weren’t sent to escrow, Ripple may have plans to sell them at [...] newsbtc.com |
02.05.2024 16:59 Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000. cointelegraph.com |
02.05.2024 16:49 A Binance user unknowingly withdrew one of just four extremely rare Bitcoin "Epic Sats" from 2016, representing a potential multi-million dollar oversight by the exchange. bitcoinmagazine.com |
02.05.2024 16:19 A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger […] bitcoin.com |
02.05.2024 16:00 An analyst explained how Shiba Inu could be heading towards a massive rally based on a bull flag pattern that forms in its daily chart. Shiba Inu Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali has discussed about a bull flag that has recently appeared in the daily price of Shiba Inu. The bull flag is a pattern in technical analysis (TA) that, as its name suggests, is shaped like a flag on a pole. The pattern forms when an uptrend is followed by a period of consolidation inside a parallel channel toward the downward direction. The starting uptrend makes up for the pole, while the channel acts as the flag. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge Like other TA patterns, the consolidation channel or flag here comprises two parallel lines. The upper level connects the price tops, while the lower one joins the bottoms. When the asset retests either of these levels, it’s probable to undergo a reversal, with [...] newsbtc.com |
02.05.2024 15:45 Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. cointelegraph.com |
02.05.2024 15:35 Today, the price of Solana has risen, propelled by a series of positive announcements related to the network and the Fed's decision to forego rate hikes in 2024. cointelegraph.com |
02.05.2024 15:18 Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business. cointelegraph.com |
02.05.2024 15:13 Dogecoin (DOGE), the Shiba Inu-faced darling of the 2021 memecoin frenzy, has found itself shivering in the current crypto winter. Once a symbol of retail investor exuberance, DOGE has plummeted over 70% from its sky-high peak, leaving its future shrouded in uncertainty. Related Reading: Bitcoin Slide Over? Top Analysts Unanimously Call $56,000 The Bottom DOGE Feels The Crypto Frost While Bitcoin, the heavyweight champion of the crypto world, grabs headlines with its recent wobble, the impact on memecoins like DOGE has been brutal. Unlike Bitcoin’s divided analyst opinions, the sentiment surrounding DOGE is decidedly bearish. At the time of writing, the memecoin was trading at $0.132, down 5.4% up the last 24 hours but sustained a 20% loss in the last seven days, data from Coingecko shows. Dogecoin price action in the last 30 days. Source: Coingecko Is DOGE A Canary In The Crypto Coal Mine? Some analysts believe DOGE’s struggles are a canary in the coal mine for the entire crypto [...] newsbtc.com |
02.05.2024 15:12 Coinbase won approval to offer cryptocurrency derivative trading to U.S. retail customers, fueling much hope and momentum to the $2.1 trillion cryptocurrency derivative market. Coinbase’s approval arrived following a significant decline in derivative trading volume due to economic uncertainties, regulatory struggles, and a reduction in risk from high wealth accounts and retail traders. Derivative trading, such as futures, options, and others, has dominated the cryptocurrency market since 2014 as investors snap at the opportunity to place bets with little investment for a higher percentage return. A large percentage of the derivative market is influenced by retail traders, fueled by manic meme-stock trading and social media trends on platforms such as X, YouTube and Reddit. Although heavily favoured by institutional investors, who have maintained a fair, open position in the derivative market, Bitcoin exchange-traded funds (ETFs) make up a large share of traded assets. Futures and [...] newsbtc.com |
02.05.2024 15:00 Bitget has released its latest
Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve
ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT
and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.Exceeding $2.7B in ReservesBitget's PoR report disclosed a total reserve ratio of
176%, with that of ether reaching 229%. According to the crypto exchange, this
update strengthens its commitment to transparency and financial stability. The exchange has implemented additional measures, such as a protection fund and monthly valuations, to mitigate risks.Gracy Chen, the Managing Director at Bitget,
mentioned: "Bitget is unwavering in its commitment to transparency and
financial stability. Our latest PoR update reinforces our dedication to
safeguarding user assets and upholding the highest accountability standards.
With a total reserve ratio of 176%, Bitget continues to lead [...] financemagnates.com |
02.05.2024 15:00 MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards. cointelegraph.com |
02.05.2024 14:36 On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […] bitcoin.com |
02.05.2024 14:20 The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager. cointelegraph.com |
02.05.2024 14:06 BlackRock says sovereign wealth funds and pensions are having diligence conversations about Bitcoin ETFs, signaling growing institutional Bitcoin adoption despite recent outflows. bitcoinmagazine.com |
02.05.2024 13:43 Making the token nontransferable could force users to pay the 1.5% Friend.tech platform fee in an “ironic” shift from the platform’s non-venture capitalist approach. cointelegraph.com |
02.05.2024 13:30 The recent plummet in Bitcoin’s value below the $60,000 mark has sparked widespread speculation within the crypto community, raising questions among investors and market watchers about the future direction of its price. Marco Johanning, a well-known crypto analyst and founder of The Summit Club, took to X (formerly Twitter) to provide his insights on the current market conditions and what might be expected next. According to Johanning, the recent price action does not signify a market downturn but rather a correction within an ongoing bull market. He emphasizes, “Bitcoin lost the range. What now? First and foremost, a reminder: we are in a bull market, and this is a correction. This is not a rally in a bear market. Or in other words, the high time frame trend is up no matter what.” He supported this assertion with several indicators of a continued bullish trend. First, Bitcoin reached its bear market bottom in November 2022 and subsequently broke above the 200-day moving average, a [...] newsbtc.com |
02.05.2024 13:20 The Middle East and North Africa (MENA) lead the world in the adoption of blockchain and cryptocurrencies because governments in the region actively promote digital transformation in their strategic future visions, according to Faisal Al Monai, chairman and co-founder of Droppgroup. This commitment by governments in the region “creates a favourable environment for the growth […] bitcoin.com |
02.05.2024 13:17 Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor. cointelegraph.com |
02.05.2024 13:01 The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet. cointelegraph.com |
02.05.2024 12:10 Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF. bitcoinmagazine.com |
02.05.2024 12:00 The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term. cointelegraph.com |
02.05.2024 11:51 Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the outflows from U.S. ETFs. Could the Bitcoin price revisit the $50,000 mark next? cointelegraph.com |
02.05.2024 11:24 In a statement, Microsoft said it will collaborate with the Malaysian government to establish a “national AI Center of Excellence” and improve cybersecurity capabilities. cointelegraph.com |
02.05.2024 11:00 Bitcoin (BTC) has been battered by a relentless bear market over the past month, with its price tumbling 20% from its record highs. However, amidst the carnage, glimmers of hope emerge as prominent analysts predict a potential bottom forming around the current $57,000 mark. Related Reading: Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch Tough Opening Month For Bitcoin The start of May has not been kind to Bitcoin. The once-dominant cryptocurrency has seen a steady decline, plunging back to levels last witnessed in March before its monumental surge to $73,700. This recent price drop represents the most significant decline of this cycle, raising concerns about a prolonged bear market. The pain extends beyond Bitcoin, with the broader altcoin market feeling the tremors. Litecoin (LTC), the silver to Bitcoin’s gold, has mirrored the downward trend, shedding a staggering 25% of its value in the past month. While historically seen as a more stable alternative [...] newsbtc.com |
02.05.2024 10:44 The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets. cointelegraph.com |
02.05.2024 10:38 LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world’s largest perps DEX, suggesting a potential $17 billion fully diluted valuation. cointelegraph.com |
02.05.2024 10:25 BTC price action spooks ETF investors, data shows, but there is reason to believe that Bitcoin is seeing a broadly healthy correction. cointelegraph.com |