Crypto Exchange Coinbase Adds Bitcoin Ecosystem Altcoin to Its Listing Roadmap
Coinbase, the largest crypto exchange in the US, has announced the potential future listing of an altcoin within the Bitcoin (BTC) scaling ecosystem. The exchange announced that Core (CORE) is now on its listing roadmap, meaning the exchange will possibly list it for trading in the future. Core is designed to be a hyper-scalable complimentary smart […]
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Robert Kiyosaki Advises Buying Bitcoin Before Price Explodes — Warns of Bonds Crashing
Rich Dad Poor Dad author Robert Kiyosaki has warned investors about the bond market crashing, urging them to invest in “safer real assets,” like bitcoin, before their prices “explode.” He criticizes financial planners for promoting bonds as safe investments, predicting significant losses for investors when AAA bonds and commercial real estate crash. Meanwhile, Kiyosaki expects […]US Government Pays $514,000,000,000 in Interest on National Debt in Seven Months, Surpassing Defense and Medicare Costs: Report
The US government just spent over half a trillion dollars in interest payments on its national debt in a mere seven months. The Committee for a Responsible Federal Budget (CRFB) reports that net spending on interest reached $514 billion in the first seven months of fiscal 2024 – more than what was spent on both […]
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Can Bitcoin finally move on from Craig Wright?
England’s High Court of Justice delivered a heavy blow to Wright with a judgment that said he “lied to the court extensively and repeatedly.”
Nearly a decade after Craig Wright began terrorizing the Bitcoin (BTC) community with claims that he was Satoshi Nakamoto, a British court has delivered a verdict: Wright is not Satoshi.
The ruling came this month from Justice James Mellor of England’s High Court of Justice in a civil case spearheaded by the Crypto Open Patent Alliance (COPA). His decision stated Wright “lied to the court extensively and repeatedly” while engaging “in forgery on a grand scale” to prove he was Satoshi.
Mellor excoriated Wright at length in his scathing judgment, writing, in part:
Deadline Looms for Biden to Veto Congressional Overturn of SEC’s Crypto Rules
The deadline for President Joe Biden to decide whether to veto or sign a resolution overturning the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules is approaching. The resolution passed both the House of Representatives and Senate despite a prior White House veto threat. Biden Faces Veto Deadline The resolution to overturn the U.S. […]Cristiano Ronaldo unveils 4th NFT collection with Binance despite $1B lawsuit
The collection will launch on 29 May with fixed pricing across most items.
Portuguese football superstar Cristiano Ronaldo has announced the launch of his fourth non-fungible token (NFT) collection in partnership with Binance.
The new collection, set to launch on 29 May to the Binance NFT Marketplace, will celebrate the footballer’s history and features highlights from throughout his storied career.
Per a blog post from Binance, Cristiano Ronaldo commented:
Wells Fargo Freezes 92 Year-Old Man’s Bank Account Without Notice, Triggering Eight Month Battle To Withdraw His Money: Report
A 92 year-old man who recently lost his “true love” says Wells Fargo abruptly froze his account, triggering an eight month battle to access his cash. Frank W. Pfluger says he discovered Wells Fargo locked him out of his bank account just weeks after losing his wife of 67 years in September, reports NBC10 Philadelphia. […]
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Trader Predicts One Red-Hot Memecoin Dethroning Shiba Inu and Becoming 13th-Largest Crypto by Market Cap
A trader known for making timely crypto market calls thinks that one surging memecoin is poised to more than double its valuation. Early last week, pseudonymous analyst Hsaka told his 554,600 followers on the social media platform X that he believes frog-themed memecoin Pepe (PEPE) will soar in market cap en route to dethroning its […]
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Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions
The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new phase, finalized in 2025, and will also feature the implementation of smart contracts to nurture use cases […]Woman To Serve About Seven Years Behind Bars for Laundering Bitcoin Proceeds of $6,400,000,000 Fraud: Report
A Chinese woman charged for her role in laundering the proceeds of a multi-billion dollar fraud scheme is now reportedly behind bars. According to Reuters, Wen Jian was sentenced to six years and eight months in prison on Friday after jurors found her guilty of one count of money laundering in March. Prosecutors say that […]
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Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals
In a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market dynamics and speculative trading activities. Study Shows Hedge Funds’ Net Short Positions in Bitcoin and Ether Futures Amid Market […]Former Google China boss doubles down: AI to take 50% of jobs by 2027
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
Computer scientist and venture capitalist Kai-Fu Lee recently reiterated his stance that artificial intelligence (AI) technology would supplant at least half of the global human workforce by 2027.
Kai-Fu Lee initially predicted that AI would take over at least half of all human jobs back in 2017. A stance he’s stuck by in the time since. In a 2018 interview with IEEE Spectrum, for example, he pointed out that despite the fact that humans had many talents and skills that AI was unlikely to achieve, AI would still replace around half of us at work.
“Most jobs are repetitive,” Kai-Fu Lee said at the time, pointing to “truck-driving, telemarketing, dishwashing, fruit picking, assembly-line work, and so on.”
Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners due to its high energy consumption, has already confiscated over 17,000 miners from several mining farms. Venezuelan Authorities Advance […]Elizabeth Warren and Anti-Crypto Movement Losing Their Battle, According to Former CFTC Chairman: Report
The former Chair of the Commodity Futures Trading Commission (CFTC) reportedly says that Senator Elizabeth Warren and her anti-crypto agenda are losing their battle. In a new interview with Forbes, former CFTC Chairman Christopher Giancarlo reveals that he’s bullish on the future of digital assets and says that the anti-crypto wing is a “shrinking iceberg.” […]
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FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]Despite Ethereum ETF Approvals, ‘Altcoin Season’ Remains Far Off
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season […]
Evil Politician Secretly Controls Ai and Crypto
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Hedge Funds Net Short on Bitcoin and Ethereum Futures on CME: Kaiko Analytics
New data from market intelligence firm Kaiko Analytics shows that hedge funds are net short on Bitcoin (BTC) and Ethereum (ETH) on the Chicago Mercantile Exchange (CME). In a new research article, the crypto analytics platform says that while hedge funds are net short on both BTC and ETH on the CME, it does not […]
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Donald Trump Pledges to Stop Biden’s Anti-Crypto Agenda, Protect Bitcoin, Free Ross Ulbricht
Presidential candidate and 45th U.S. President Donald Trump has declared support for the crypto sector. “I will also stop Joe Biden’s crusade to crush crypto,” he promised. “I will support the right to self-custody.” He will also “commute the sentence of Ross Ulbricht to a sentence of time served.” Moreover, Trump stressed, “I will keep […]Political support is bad for Bitcoin in the long run: Samson Mow
Samson Mow criticizes political support for Bitcoin, warning it could compromise its core values and lead to ecosystem failures.
The post Political support is bad for Bitcoin in the long run: Samson Mow appeared first on Crypto Briefing.
Uniswap reveals assets ahead of fee mechanism vote
During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.
The Uniswap Foundation has disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of the first quarter.
According to the publication, the Foundation committed $4.34 million in new grants during this period and disbursed $2.79 million in previously committed grants.
The fiat cash and stables are designated for grant-making and operating activities, while the UNI tokens are reserved for employee token awards.
TRUMP Coin Taps All-Time High, Up Over 30% in 24 Hours Post-Convention
Following former President Donald Trump’s appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has soared more than 30% in the past day. Current statistics show that the meme coin TRUMP is the top-performing cryptocurrency over the last 12 months, boasting a 98,352.40% increase. TRUMP Meme Coin Skyrockets Post-Libertarian […]SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More — Week in Review
The U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satoshi Nakamoto’s Genesis wallet now holds over 100 BTC after an accidental transfer added 0.10754671 BTC, bringing its total value to approximately $6.75 million. The […]Top Trader Predicts Ethereum Will Massively Outperform Bitcoin, Says One ‘Golden Child’ Memecoin Set To Go Higher
A widely followed trader says that Ethereum (ETH) is about to vastly outrun Bitcoin (BTC) and is predicting one memecoin will rally hard. Pseudonymous trader Bluntz tells his 259,000 followers on the social media platform X that he’s got his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair. The trader says […]
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Ethereum devs set Pectra upgrade for Q1 2025
Ethereum’s Pectra upgrade is slated for Q1 2025, focusing on network capacity with PeerDAS and smart contract security enhancements.
The post Ethereum devs set Pectra upgrade for Q1 2025 appeared first on Crypto Briefing.
Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective
Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective. China Remains a Significant Cryptocurrency […]Altcoins Entering ‘Textbook Markup’ Period Witnessed During 2016 and 2021 Market Cycles, Says Analyst
An analyst known for making macro crypto calls thinks the altcoin market is poised to spark steep rallies similar to the ones witnessed in 2016 and 2021. Pseudonymous analyst TechDev tells his 451,900 followers on the social media platform X that he’s watching the OTHERS chart, which tracks the total market cap of crypto excluding […]
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Bitcoin analyst sees ‘several more weeks’ before BTC price breaks $70K
Bitcoin may not yet be done consolidating below new all-time highs, with BTC price rejecting above $70,000.
Bitcoin (BTC) stayed near key BTC price levels into the May 26 weekly close as weekend trading focused on $69,000.
Data from Cointelegraph Markets Pro and TradingView showed strong performance by BTC/USD, which briefly passed $69,500 before consolidating.
Weekend upside, which some market observers predicted, nonetheless remained capped by familiar resistance zones.
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in […]Aptos hits all-time high in user transactions
The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity.
The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of over 65 million held by Sui Network by a significant margin of over 50%.
According to Aptoscan, the blockchain’s user TPS (transactions per second) also reached an all-time high of 32,000 on the same day. This signifies a substantial increase in activity within the blockchain ecosystem, underscoring the growing adoption and momentum in the industry.