Stronger and More Sustainable Uptrend Now in Play for Bitcoin (BTC), Says Crypto Analyst – Here’s His Outlook
A widely followed crypto strategist thinks that Bitcoin (BTC) is in a position to ignite a breakout rally on the way to fresh all-time highs over the next few days. In a new video update, pseudonymous analyst Credible tells his 53,200 YouTube subscribers that Bitcoin may have just started a five-wave rally that could send […]
The post Stronger and More Sustainable Uptrend Now in Play for Bitcoin (BTC), Says Crypto Analyst – Here’s His Outlook appeared first on The Daily Hodl.
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […]Spot Ethereum ETF approval ‘may be better for Bitcoin’ — Michael Saylor
The approval of spot Ether ETFs brings in “another line of defense for Bitcoin,” argues MicroStrategy founder Michael Saylor.
MicroStrategy founder Michael Saylor has changed his tone on spot Ether (ETH) exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin (BTC) as well.
“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful supported by the entire crypto industry,” Saylor told Bitcoin podcaster Peter McCormack on the May 25 episode of What Bitcoin Did podcast.
“They serve as another line of defense for Bitcoin,” he said, following the news that the U.S. Securities and Exchange Commission (SEC) approved eight spot Ether ETFs to be listed on their respective exchanges on May 23.
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […]Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency
Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […]Trump promises to release Silk Road founder Ross Ulbricht if re-elected
Former United States President Donald Trump vows to free Silk Road founder Ross Ulbricht if re-elected.
The former President of the United States Donald Trump has declared that he will commute Silk Road founder Ross Ulbricht’s prison sentence if he is re-elected in November’s election.
“If you vote for me on day one I will commute the sentence of Ross Ulbircht,” Trump stated at the Libertarian Party’s National Convention in Washington on May 25.
“He’s already served 11 years, we’re going to get him home,” he said of the creator of Silk Road — which is known as the first modern darknet market with a payment system built on Bitcoin (BTC).
Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam
An Indian national has pleaded guilty in the U.S. to wire fraud conspiracy for stealing over $37 million by spoofing crypto exchange Coinbase’s website. He and his co-conspirators created a fake Coinbase Pro site to steal login credentials and two-factor authentication codes, transferring victims’ cryptocurrency to their own wallets. Guilty Plea in $37M Coinbase Crypto […]Major Crypto Exchanges Announce Over 1,200 Job Openings
Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 job openings. Binance leads this hiring surge with 460 roles, followed by Okx with 414, Crypto.com with 335, and Coinbase with 224. This recruitment drive is fueled by market optimism, particularly surrounding bitcoin and ethereum exchange-traded funds (ETFs), […]Donald Trump declares US must not settle for ‘second place’ in crypto industry
Former United States President Donald Trump claims he is “very open minded” to “all things related to this new and burgeoning industry.”
The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump.
“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group (TMTG).
“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.
Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm
The native altcoin of a decentralized education platform surged by over 117% this week amid news that a web3 firm has plans to purchase the token. Open Campus’ governance and utility asset, EDU, is trading at $1.10 at time of writing, up from its seven-day low of $0.505. The 252nd-ranked crypto asset is also up […]
The post Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm appeared first on The Daily Hodl.
Standard Chartered Discusses SEC Approving Spot ETFs for Cryptos Beyond Bitcoin and Ether
Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely a 2025 story.” They believe that the SEC approving spot ethereum ETFs suggests that the securities watchdog does not view ether as a security and that other coins similar to ether will also […]Telegram’s Pavel Durov is wrong about Signal — and has been for years
Considering Telegram doesn’t even offer end-to-end encryption by default, founder Pavel Durov has a lot to say about his messaging app’s competitor.
Telegram founder Pavel Durov put the encrypted messaging application Signal on blast this month, arguing in a May 8 post that its privacy mechanisms amounted to a “circus trick.” His commentary was purpose-built to undermine the rival messaging app, but Durov’s history with Signal and Telegram’s own privacy credentials make it hard to take his comments seriously.
Durov has been throwing stones at Signal for years. In 2017, he predicted we’d find a backdoor in their protocol within five years. Seven years later, that prediction has missed the mark. A few years later, Signal founder Moxie Marlinspike posted a thread suggesting we should stop calling Telegram an encrypted messaging app.
Signal and Telegram do not like each other.
Mad Money’s Jim Cramer Endorses Ether as ‘Great Store of Value’ Amid US Dollar Concerns
Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […]
Trump says he is “very positive and [open-minded] to cryptocurrency companies,” advocates for US leadership in crypto industry
Trump champions US leadership in crypto, accepts donations in digital currencies, and criticizes Biden’s stance toward the industry.
The post “I am very positive and [open-minded] to cryptocurrency companies;” “our country must be the leader in the field” – Donald Trump appeared first on Crypto Briefing.
$1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach
One of the largest banks in the world says a data breach has exposed information on both its customers and employees. In a statement, Santander says it’s aware of “unauthorized access” to a third-party database containing information on an undisclosed number of customers and employees. The bank, which has $1.8 trillion in total assets and […]
The post $1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach appeared first on The Daily Hodl.
UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […]US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks
US spot Bitcoin ETFs recorded $2 billion inflows in two weeks, with BlackRock’s IBIT nearing largest ETF status amid market rally.
The post US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks appeared first on Crypto Briefing.
Spot ETH ETFs approved, crypto bill passes US House, and more: Hodler’s Digest, May 19-25
U.S. SEC approves spot Ether ETFs, FIT21 crypto bill goes to the Senate, and Sam Bankman-Fried held in Oklahoma.
The U.S. Securities and Exchange Commission (SEC) has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States on May 23. The approval reaches filings from major firms such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. Issuers must still obtain SEC approval for their S-1 registration statements before the ETFs can officially begin trading. The SEC had previously asked applicants to expedite filings on May 20, with the removal of staking being the most notable amendment seen. The approval was considered an implicit recognition from the SEC that Ether is not a security, according to industry pundits.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the U.S. House of Representatives on May 22. The bill now heads to the Senate, where its future is uncertain, facing opposition from Senator Elizabeth Warren. FIT21 proposes giving the Commodity Futures Trading Commission (CFTC) primary control over cryptocurrencies, which the industry views as a more lenient regulator compared to the Securities and Exchange Commission (SEC). The SEC would still regulate cryptocurrencies that arent sufficiently decentralized, but FIT21 introduces a mechanism for cryptocurrencies classified as securities to be sold as commodities. The Biden administration and the SECs Chair, Gary Gensler, have both issued statements opposing the regulation.
Former FTX CEO Sam SBF Bankman-Fried is no longer incarcerated in New York or California, where his parents own a home according to prison records, hes in Oklahoma. As of May 23, inmate records for the Federal Bureau of Prisons showed that Bankman-Fried was being held at the Federal Transfer Center in Oklahoma City. The facility confines inmates on a short-term basis for transfers within the prison system. The transfer appeared to have happened despite Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York recommending SBF stay at the Metropolitan Detention Center, Brooklyn.
Ethereum’s Balance on Exchanges Spikes Amid Possible Sell-the-News Event, According to Crypto Analyst
A widely followed crypto analyst says that Ethereum’s (ETH) balance on crypto exchange platforms is spiking amid a possible sell-the-news event. In a new thread, crypto trader Ali Martinez tells his 62,700 followers on the social media platform X that over the last two weeks, hundreds of thousands of ETH have been transferred to wallets […]
The post Ethereum’s Balance on Exchanges Spikes Amid Possible Sell-the-News Event, According to Crypto Analyst appeared first on The Daily Hodl.
Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
The Central Bank of Nigeria has increased the capital requirements for national bureau de change operators from approximately $24,000 to $1.4 million. The central bank has given operators a six-month period to comply and they must apply for new licenses. The bank’s director for risk management stated that street trading of foreign exchange is now […]Elon Musk reportedly building ‘Gigafactory of Compute’ for AI
Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024.
Billionaire mogul Elon Musk’s xAI has plans to build a supercomputer in partnership with Oracle to power the next version of its “Grok” artificial intelligence (AI) large language model.
According to a report from The Information, citing a presentation shown to xAI stakeholders, the project has been framed as a “Gigafactory of Compute” for training and developing the next generation of the company’s Grok AI system.
Related: Political correctness in AI systems is the biggest concern: Elon Musk
Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month
The crypto exchange giant OKX will shutter its digital asset trading services in Hong Kong at the end of the month. OKX says it decided to pull its application for a virtual asset trading platform license in Hong Kong “after careful consideration of the business development prospects.” The exchange will stop providing trading services on […]
The post Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month appeared first on The Daily Hodl.
Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins
Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […]China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display
The world’s second-largest economy is steadily unloading billions of dollars in US Treasuries. New data from the US Treasury Department shows China pared its Treasury holdings from $816.3 billion in December of last year to $767.4 billion in March. That’s a quarterly decrease of $48.90 billion. The chief Asia foreign-exchange and rates strategist at Bloomberg Intelligence, […]
The post China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says ‘Clear Intention’ To Dump US Dollar Holdings on Display appeared first on The Daily Hodl.
FTX Paid More Than $25,000,000 in Hush Money to Whistleblowers, According to Court Examiner
The bankrupt crypto exchange FTX paid more than $25 million worth of hush money to whistleblowers before collapsing in November 2022, according to a new report from a court-appointed examiner. Earlier this year, the U.S. Department of Justice (DOJ) tapped Robert J. Cleary, a lawyer who served as the lead prosecutor on the Unabomber case, […]
The post FTX Paid More Than $25,000,000 in Hush Money to Whistleblowers, According to Court Examiner appeared first on The Daily Hodl.
Google blames users for wildly inaccurate ‘AI Overview’ outputs
Elon Musk recently said AI would surpass humans by 2025 but Google’s models are so inaccurate they’re being tuned by hand.
A recent artificial intelligence feature called “AI Overview,” unveiled by search monolith Google, has been handing out inaccurate and dangerous summaries in response to user searches and Google doesn’t appear to have an actual fix for the problem.
As of the time of this article’s writing, Google has disabled certain queries for its “AI Overview” feature after it was widely reported that the system was generating erroneous and potentially harmful outputs.
Reports began to circulate throughout the social and news media communities of a user query asking the search engine how to keep cheese on pizza to which the AI system reportedly responded with text indicating that the user should use glue. In another batch of apparent mess ups, the AI system purportedly told users that at least two dogs owned hotels and pointed to a non-existent dog statue as evidence.
Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […]
Solana From $10 to $200 (Fastest Growing Altcoin)
➡️ Use Code DC10 to get 10% off Arculus Wallet – https://rb.gy/gpk5wv ➡️ NordVPN is the best way to stay safe online – https://nordvpn.com/discovercrypto ➡️Join this channel to get access to perks: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g/join ➡️Come trade with us on Blofin, where whales are made: https://partner.blofin.com/d/DiscoverCrypto 📲 Follow the OFFICIAL Discover Crypto Socials: Twitter (X): https://twitter.com/DiscoverCrypto_ Tik […]
Solana Meme Coin SEAL Hits $2.5M in Presale Ahead of Exchange Listings
Meme coins are thriving on Solana – with the up-and-coming Sealana (SEAL) token being one of the most talked-about new projects. This seal-themed crypto has already secured over $2.5 million in funding ahead of its highly-anticipated exchange debut in the coming weeks. Sealana’s Presale Passes $2.5M Mark as Retail Traders Buy In Few meme projects […]Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation
As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […]