Hong Kong SFC mulls allowing staking for Ethereum ETFs
Hong Kong’s SFC considers allowing Ethereum ETF staking, diverging from US SEC’s stance. Decision expected today.
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Analyst: Gold Demand From China Continues Supporting the Bull Market
Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189. China Continues Propping […]99Bitcoins Token Passes $1.5M Presale Milestone Ahead of Learn-to-Earn Protocol Launch
The crypto education sector is about to be flipped on its head. 99Bitcoins Token (99BTC) has now raised over $1.5 million during its presale phase ahead of launching its groundbreaking “Learn-to-Earn” protocol. 99Bitcoins Token Rewards Crypto Knowledge with Learn-to-Earn System For those unfamiliar, 99Bitcoins has been simplifying crypto since the dawn of Bitcoin itself in […]
Grayscale Investments launches Near and Stacks crypto trusts
Grayscale launches NEAR and STX trusts, offering diversified crypto exposure for accredited investors.
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Render and Helium fuel expansion of Solana’s DePIN ecosystem: Flipside
Solana DePIN ecosystem shows strong growth with key projects like Render Network and Helium seeing increased activity.
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Coinbase resumes XRP trading in New York
Coinbase’s Chief Legal Officer said the exchange has resumed XRP trading for New Yorkers following collaboration with the State.
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Ethereum To Hit All-Time Highs ‘Very Very Soon’ Should ETF Be Approved, Says Economist Alex Krüger
Closely followed economist Alex Krüger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained “Bits + Bips” podcast, Krüger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum […]
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US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged to Maintain Consistency Between Ethereum and Bitcoin ETFs Five U.S. […]Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% […]
US Lawmakers pressure SEC for Ethereum ETF approval
US lawmakers urge SEC to approve ether ETFs, citing previous bitcoin fund approvals. Decision deadline is today.
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QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs
Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major […]Elusive 2010 Bitcoin Mega Whale Moves 2,000 BTC Worth $138M in Fourth Transfer of 2024
Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024. The large transfer marks the fourth occurrence of this whale this year, with a cumulative expenditure of 7,000 BTC worth over $486 million. Blockchain Parser Data Reveals 2010 Whale’s Bitcoin Transfers […]Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts
In a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will continue to gain momentum due to the growing influence of younger generations. He points out that ownership of crypto assets is currently highest among the 18-45 age group, with a significant drop-off after […]Crypto Trader Books 735,800% Profit on Large-Cap Memecoin That’s Just Hit New All-Time High: On-Chain Data
An early buyer of a top-30 memecoin by market capitalization has turned a few hundred dollars into millions within a period of a little over a year. According to blockchain tracker Lookonchain, the trader acquired billions of the Pepe (PEPE) memecoin days after it publicly launched. The trader then sold 42 billion Pepe tokens on […]
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Nigeria Appoints New Members to Blockchain Policy Steering Committee
The Director-General of the National Information Technology Development Agency in Nigeria announced on May 21 that new stakeholders have joined the blockchain steering committee. Malam Kashifu Inuwa stated that new members were incorporated to ensure comprehensive representation from both the public and private sectors. Blockchain Implementation in Preliminary Stages The Director-General of the Nigerian Information […]Crypto Whales Pile into New Solana Project Thotiana – Next 100x Meme Coin?
PRESS RELEASE. May 23rd, 2024. In an exciting development within the cryptocurrency market, Solana’s newest meme coin, $Thot, is rapidly gaining attention from investors worldwide. In just under a week, this meme coin has attracted over $100,000, marking its place in the competitive landscape of meme-based cryptocurrencies. $Thot, affectionately known as Thotiana, is leading a […]Metamask Aims to Add Bitcoin Support: A New Chapter for the Popular Ethereum Wallet
Metamask, the popular ethereum wallet, is reportedly planning to add support for bitcoin (BTC) in the next month or so, according to sources cited by Coindesk. While details are scarce, the integration could initially begin with basic features and expand over time. This move would significantly expand Metamask’s reach beyond the Ethereum ecosystem, which it […]Analyst Says Blue-Chip Ethereum Rival Could Explode by up to 237%, Updates Outlook on Pepe, Floki and Chainlink
A closely followed crypto strategist believes that a top Ethereum (ETH) rival could go on an explosive rally of more than 230%. Pseudonymous analyst Inmortal tells his 213,800 followers on the social media platform X that Solana (SOL) could reach a new all-time high (ATH) by the end of the summer. “1. New ATH by […]
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South African Prosecutors Set to Pursue Collapsed Pyramid Scheme Co-Conspirators
South African prosecutors are reportedly investigating co-conspirators of Mirror Trading International and may charge them with fraud or forgery. The declaration of the scheme as unlawful may have strengthened the National Prosecuting Authority’s case against the masterminds of Mirror Trading International. MTI Directors May Face Charges Under the Prevention of Organized Crime Act South Africa’s […]Standard Chartered Predicts Bitcoin Could Hit All-Time High This Weekend
Standard Chartered’s head of digital asset research, Geoff Kendrick, has predicted a significant rise in bitcoin’s price, potentially surpassing its previous all-time high of $73,798 by this weekend. His optimistic outlook is fueled by the anticipated approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), which he believes will […]Bitcoin Runes hype fades, transactions plummet 84%
Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?
The Bitcoin Runes protocol is struggling to maintain its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, mostly during the weekends.
The Bitcoin Runes launch coincided with the fourth Bitcoin halving. The resultant hype saw transaction volume shoot up on the Bitcoin blockchain. Revenue from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings of $107.7 million.
Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions until April 24. The peak occurred on April 23, when these transactions represented 81.3% of the bandwidth. However, by May 2, this figure had dropped to 11.1%.
‘Quite Likely’ Bitcoin Explodes to Six Figures This Cycle, Predicts Analyst Kevin Svenson – Here’s His Outlook
Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid a double-digit rise in the flagship crypto asset’s price over the past seven days. Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend that started in the fourth quarter of 2023 and could rally to a target of […]
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Coinbase, Ripple, Meta Join Forces to Fight Crypto Scams, Including Pig Butchering
Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several […]House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of […]Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year
David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer behavior, referencing recent reports from McDonald’s and Autozone indicating reduced spending. He […]Uniswap Challenges SEC Wells Notice, Defends Autonomous Protocol
Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against the classification of its activities as operating an exchange or broker. Uniswap Responds to SEC […]TRON DAO at DC Blockchain Summit
PRESS RELEASE. Geneva, Switzerland, May 22, 2024 – TRON DAO, a leading innovator in blockchain technology, showcased its prowess as a Silver Sponsor at the prestigious DC Blockchain Summit held in Washington DC on May 15, 2024. This pivotal event gathered the most influential figures in blockchain and digital assets to engage with top policymakers […]Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […]Nvidia’s Q1 results sent its stock soaring 6%, but AI tokens barely moved
Nvidia’s strong earnings report didn’t have the immediate effect on AI crypto tokens that traders expected.
The price of artificial intelligence (AI)-related cryptocurrency tokens briefly tumbled despite Nvidia’s impressive first-quarter earnings report, contrary to crypto traders’ expectations.
Nvidia — which produces chips companies use to train and deploy AI models — saw Q1 revenue jump 18% from Q4 2023 and surge 262% from a year ago, beating analyst estimates of $24.6 billion, Cointelegraph reported on May 23.
The earnings report was released after the New York Stock Exchange (NYSE) market closed on May 22. Nvidia spiked 6.06% in after-hours trading, reaching $1,007 at the time of writing, according to data from Yahoo Finance.
18M Americans used or owned crypto in 2023 — Fed survey
Just 1% of United States adults reported using crypto for payment or to send money in 2023.
The number of United States adults reporting crypto ownership or usage dropped to around 18 million in 2023, according to the latest annual household survey from the Federal Reserve.
In the 12 months to October 2023, 7% of surveyed U.S. adults reported using crypto — down from 10% in 2022 and 12% in 2021, according to the Fed’s Survey of Household Economics and Decisionmaking (SHED) published on May 21.
Just 1% of adults said they use crypto as a payment method or to send money, down half from 2022, while 7% purchased or held crypto as an investment.