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US debt ceiling deal is elusive: is it safe to buy AltSignals now?
Joe Biden and Speaker Kevin McCarthy met on Monday to talk on raising the debt ceiling. The two sides made some modest progress but a deal remains elusive. Stocks and cryptocurrencies will likely do well when the two reach a deal. The financial market has been in a somber mood recently as investors focus on the US debt ceiling situation. This explains why cryptocurrencies like Bitcoin and Ethereum have barely moved recently. It also explains…
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Litecoin and Avalanche see inflows but Bitcoin outflows rise
Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week Bitcoin represented most of the negative sentiment with $33 million worth of outflows. Germany lead in terms of regions with 73% of the total outflows. Litecoin and Avalanche recorded some investment products inflows last week, defying sentiment across the broader crypto investment products market. Indeed, the inflows into exchange traded funds and other products for LTC and AVAX mirrored a…
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Bitcoin and Ethereum price outlook as volume dries up
Amid price struggles, on-chain metrics show Bitcoin and Ethereum volumes have dried up. BTC volume has fallen from over $40 billion worth of trade to just above $11.4 billion while ETH volume declined from near $20 billion to about $4.6 billion. Bitcoin price is hovering near $26,800 while Ethereum price is currently just above $1,820. The cryptocurrency market continues to battle the negative flip seen in recent months. It’s a scenario that…
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Privacy-focused blockchain Namada plans airdrop to Osmosis’ OSMO holders
Privacy-focused blockchain Namada developers are seeking to forge closer ties with the Osmosis protocol. Namada is planning to airdrop its planned NAM token to OSMO investors. Namada also seeks to roll out its method for protecting asset privacy on Osmosis. Christopher Goes, Co-Founder of Namada, an L1 multi-chain privacy-focused blockchain, has proposed a partnership with Cosmos-based Osmosis. The collaboration between Namada and Osmosis in this capacity is intended to enrich the respective…
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TON launches $25 million accelerator program
Projects will receive between $50,000 and $250,000 from the $250 million Toncoin Fund. The program will offer partnership and mentorship support, with multiple leading firms available to projects. TON Accelerator Program will draw funding from the $250 million ecosystem fund dubbed TONcoin Fund. In crypto news today, The TON Foundation, the organisation behind the The Open Network (TON) blockchain, has announced a new $25 million accelerator program for emerging projects. The program,…
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STEPN (GMT) price rising on Apple Pay integration
At press time, the price of STEPN (GMT) was $0.2922, after a 7.90% surge in the last 24 hours. STEPN has integrated Apple Pay into their platform. It is the first blockchain gaming app to integrate Apple Pay. STEPN (GMT) price has taken to the skies today after the STEPN team announced that they had successfully integrated Apple Pay into the platform. STEPN, a leading Web3 move and earn application, follows a…
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When pizza became the unsung hero of Bitcoin’s history: A cheesy celebration
There are key events in the fascinating world of cryptocurrencies that have shaped the trajectory of adoption. One such occasion is commemorated annually as Bitcoin Pizza Day: a commemoration of a seemingly unremarkable transaction that had a profound effect on the development of Bitcoin (BTC). So, on Bitcoin Pizza Day, let’s indulge in a cheesy celebration. Let’s remember the unsung hero that brought Bitcoin into the real world; a simple slice of…
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Why is Bitcoin price stuck?
Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin? Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support currently near $26,890. BTC/USD four-hour price chart. Source: TradingView On May 22, Bitcoin dropped below the support…
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AI financial tools: A smart way to manage money or a risky experiment?
The ever-evolving financial sector has been seemingly attracting cutting-edge technology over the last few years, with blockchain technology and digital currencies trying to help traditional finance evolve for over a decade. Now, artificial intelligence (AI) is bringing in new tools. AI tools like ChatGPT and Bing Chat have shown an impressive capability to help boost efficiency, to the point 7,800 jobs at IBM are at risk of being replaced by AI within…
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MetaMask doesn’t collect taxes on crypto, ConsenSys says
ConsenSys says allegations about MetaMask as false The section in its terms referred to in allegations that MetaMask collects taxes on crypto only applies to given products and paid plans that the company offers, not MetaMask. The particular products and plans are also those that involve sales tax only. ConsenSys, the company behind the popular MetaMask crypto wallet, has denied claims that it collects taxes on crypto transactions. The Ethereum blockchain software…
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Securities Commission Malaysia (SC) orders Huobi Global to stop operations
The securities commission said Huobi was operating in the country without registration. The exchange was ordered to disable its website and mobile apps. Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors. The Securities Commission Malaysia (SC) has today ordered Huobi Global cryptocurrency exchange to stop its operations in the country. The regulator told the exchange’s CEO Leo Li to disable its website and mobile applications because…
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Crypto price predictions: Alchemy Pay, Render Token, SUI
Cryptocurrency prices were relatively mixed on Monday as focus shifted to the upcoming Federal Reserve minutes and the debt limit issue. Bitcoin dropped below $27,000 while Ethereum was trading at $1,813. This coin price prediction will look at what to expect in Alchemy Pay (ACH), SUI, and Render Token (RNDR). Alchemy Pay price prediction Alchemy Pay is a company that is providing payment solutions in the blockchain industry. ACH, its native token, has…
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Crypto exchange Hotbit shuts down all operations
Hotbit has announced that it will be halting its operations as from 22 May 2023. The exchange cites the deterioration in operating conditions and the change in the cryptocurrency exchange trends among reasons for the decision. The exchange has asked its users to withdraw their funds before June 21, at 4:00 am UTC. Hotbit, a cryptocurrency exchange that has been in operation for over 5 years, has announced that it will be…
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TRON price rally gains impetus as top HackaTRON Season 4 projects share 500K USDD
The TRON DAO team on May 15 revealed the results for the HackaTRON Season 4. The top project will share 500,000 USDD, a TRON-based stablecoin. TRON’s price has risen by 10.64% over the last seven days. The price of TRON (TRX) has been rising since May 15 after the TRON DAO team, the community representatives of the TRON blockchain platform, unveiled the results of the fourth season of the HackaTRON competition. The top…
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Immutable and MetaStudio Announce Partnership to Enhance the Gaming Metaverse – CoinJournal
Braga, Portugal, May 22nd, 2023, Chainwire MetaStudio, a renowned Portuguese game studio, has announced a new partnership with Immutable, a leading Ethereum Layer 2 scaling solution provider, aimed at transforming the gaming metaverse. MetaStudio has been recognized for its innovative games and games-as-a-service offerings, along with their unique non-fungible token (NFT), Rune Realms, which offers holders a chance to partake in a 10% revenue share in the studio’s earnings. By integrating with…
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Narwhal Finance closing the strategic round of funding at $25M valuation – CoinJournal
Copenhagen, Denmark, May 20th, 2023, Chainwire Narwhal Finance, a decentralized dual-chain perpetual trading platform operating on both Arbitrum and BNB Chain, has announced the completion of its strategic funding round with a $25 million valuation. Expressing deep gratitude to Animoca Ventures, Hailstone Ventures, and all angel investors for their support, Narwhal Finance will use the raised funds to further enhance the social trading experience on the platform and provide an exceptional decentralized…
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Hotbit exchange halts operations, urges users to withdraw funds
In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation back in August 2022. According to the exchange, the probe forced them to stop their business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX exchange collapse and the banking crises that caused the…
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Tornado Cash attacker to potentially giveback governance control, proposal reveals
Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance. On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control over the governance of the decentralized crypto mixer, the attacker was in a position to inflict massive losses considering they could…
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Vitalik Buterin warns against overloading Ethereum consensus
Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum’s consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks are validated by the proof-of-stake mechanism implemented in September 2022 with “the Merge.” In a May 21 blog post titled “Don’t overload Ethereum’s consensus,” Buterin warned that using Ethereum’s network consensus for other things could bring…
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Ordinals sends LTC and DOGE network activity surging for 3 straight weeks
What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on the two chains surging for the better part of a month. Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts. On May 18, Dogecoin reached a new transaction volume record, with 1.2 million transactions in a…
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Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm
The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.” 2022 was the biggest year for crypto hacking in history, with an estimated $3.8 billion stolen, primarily from decentralized finance (DeFi) protocols and North Korea-linked attackers, according to a report…
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Is MetaMask withholding customers’ crypto for taxes? No, it’s not.
ConsenSys, the company behind the crypto wallet MetaMask has hosed down rumors that it collects taxes from cryptocurrency users. The company informed its 270,000 Twitter followers on May 22, that the rumors were based on ”inaccurate information” drawn from a misreading of MetaMask’s Terms of Service. We are aware of tweets circulating with inaccurate information about ConsenSys’ terms of service. Let’s clarify one thing upfront: MetaMask does NOT collect taxes on crypto…
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These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500
Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021. Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone”…
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Biden won’t accept debt deal protecting crypto traders — G7
United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans’ proposed terms as “unacceptable” during a press conference. “I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans.” The alleged protections for crypto…
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Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest
A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view with Bitcoin (BTC), Ether (ETH) and BNB, on average, gaining 0.3% between May 12 and May 19.…
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What is a VTuber, and how do you become one?
Virtual YouTubers, also known as VTubers, rose in popularity in recent years. VTubers employ computer-generated avatars to produce material for their channels. VTubers are especially well-liked in Japan and other Asian nations, but the craze is gradually catching on everywhere else. This article will explore what a VTuber is and how to become one, including the necessary equipment, software and the skills needed to succeed in this field. Additionally, we will compare…
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Ripple case: SEC emails suggested XRP was not security
SEC emails suggest XRP doesn’t satisfy all Howey factors, John Deaton notes. The lawyer says SEC staff noted “reasonable grounds” to believe that XRP is not a security. The SEC sued Ripple Labs and two of its executives for selling alleged unregistered securities in the form of XRP. John Deaton, a pro-XRP lawyer that has followed the SEC vs. Ripple case since its filing in 2020, says new email details suggest staff…
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TORN price falls 50% after attacker drains Tornado Cash DAO
TORN price fell more than 40%, dropping from highs of $7.29 to lows of $3.55. This is after the Tornado Cash DAO had passed a malicious proposal that included a bug from an attacker. With complete control over the Tornado Cash governance system, the attacker proceeded to drain locked votes. The price of TORN fell sharply as the market reacted to cryptocurrency news about a malicious takeover of the Tornado Cash governance.…
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Wife finds husband’s Bitcoin stash amid divorce proceedings
The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife. The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita…
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Influencer served settlement demand via NFT, following $7M token presale
A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the “F bomb” several times – alleging that the influencer engaged in wire fraud “at a minimum,” on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet…
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US Presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations
Vivek Ramaswamy becomes the second Presidential candidate in the United States to officially accept Bitcoin (BTC) donations for the upcoming 2024 elections. “Give $1,” said Ramaswamy while announcing that he was accepting Bitcoin donations. The revelation came just two days after Robert F. Kennedy Jr. became the first presidential candidate in United States history to accept campaign donations in Bitcoin. Ramaswamy stated, “Let’s make the 2024 election a referendum on fiat currency.”…
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Bitcoin set to ‘tick, tick, tick’ by the end of 2023: DeFi exec
Bitcoin (BTC) is poised to claim the cryptocurrency throne by the end of 2023, as its superiority “is going to be clear” in every aspect, according to Fedi’s CEO. During the Bitcoin 2023 event in Miami on May 20, Cointelegraph reporter Joe Hall interviewed Obi Nwosu, the CEO and co-founder of Fedi – a custodial platform that offers an alternative solution for those who lack access to or don’t trust centralized exchanges.…
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Attacker hijacks Tornado Cash governance via malicious proposal
Adding to the existing roadblocks of the decentralized crypto mixer Tornado Cash, an attacker managed to gain full control of the governance through a malicious proposal. On May 20 at 3:25 ET, an attacker successfully granted 1.2 million votes to a malicious proposal. Given that the proposal received more than 700,000 legitimate votes, the attacker gained total control over Tornado Cash governance. On 2023/05/20 at 07:25:11 UTC, Tornado Cash governance effectively ceased…
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Hyperbitcoinization is underway, RFK seeks Bitcoin donations and other news: Hodler’s Digest, May 14-20
Top Stories This Week Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues, Bitcoin price escalation could soon make buying it not only a luxury but something potentially unattainable altogether,…
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Crypto Biz: Tether flees from banks, Ledger’s backdoor for seed phrases and more
Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the collapse of Silicon Valley Bank. The past few days also brought a change in the winds to Ripple’s battle with the United…
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Top analyst’s Bitcoin price outlook for the next week
The next week will be critical for BTC, crypto analyst Michael van de Poppe says. Bitcoin price could see a new uptrend if BTC can break out after a successful retest of the 200-day moving average. However, if BTC fails to break above this level, it could fall to past recent lows, with the key target at $25k or lower. Bitcoin’s price has struggled to reclaim support above $28,000 and is currently…
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Swiss fintech Acredius launches on Cardano
The integration will allow Acredius’ investors to use Cardano’s cryptocurrency, ADA, to invest in SMEs. Acredius will also deploy smart contracts on the Cardano blockchain, allowing for the tokenization of loans. ADA price has struggled to break above $0.37 since the rejection at around $0.46 in mid-April. Acredius, a Swiss lender that provides financing to small and medium-sized businesses (SMEs), has launched on the Cardano blockchain. The integration will allow Acredius’ investors to use…
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Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO
As the hype around Bitcoin (BTC) has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a “serious venue” to invest in, claims Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer. In an interview with Cointelegraph during the Bitcoin 2023, Pye spoke about Canada’s advanced regulation for crypto trading, and how it has been drawing investors to the digital assets market. According to Pye, fund…
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Binance provider in Brazil gets payment institution approval
Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country’s central bank to operate as a payment institution and electronic money issuer on May 19, according to local media reports. Brazil is among Binance’s top global markets, the exchange said in a previous announcement. Latam Gateway helps foreign companies to operate in Brazil by providing on/off ramps with the Brazilian real. According to the company’s…
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Bitcoin forgets Fed as trader eyes classic BTC price ‘liquidity hunt’
Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Powell leaves market with “tons of uncertainty” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave new commentary on policy and the outlook for inflation.…
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Bitcoin Ordinals’ total mintage fees increase 700% from April: Report
According to a report compiled by @dgtl_assets of Dune Analytics, the total network fees paid for the minting of Bitcoin Ordinals reached 1,414 Bitcoin (BTC), or $38.2 million, on May 20, representing an increase of 700% from April 20 and 831% from April 1, respectively. An analysis shows that despite continued interest in Bitcoin NFTs, the overwhelming majority of Bitcoin Ordinals has since shifted to text-based inscriptions, compared to a somewhat equal…
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Who invented NFTs?: A brief history of nonfungible tokens
As mentioned, the story took off with colored coins, which were created to represent and manage ownership of real-world assets on the blockchain. They were different from Bitcoin (BTC) because of the “nonfungible” element that provided them with a unique utility. Demonstrating a humongous leap in Bitcoin’s capabilities, colored coins were composed of tiny fractions of a Bitcoin, which could be as minuscule as a satoshi. Use cases of colored coins, such…
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Monero community lashes out against ‘Mordinals’ amid privacy concerns
Nonfungible tokens (NFTs) are finally on the most infamous privacy-focused blockchain, but not everyone is happy about it. Mordinals, or Monero Ordinals, are similar to Bitcoin Ordinals in that they allow anyone to inscribe data alongside transactions stored on the Monero blockchain. From reduced privacy on the network to storing illegal content on an undeletable database, the Monero community is throwing around many concerns — but is there really anything to worry…
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How crypto funds shape the development of the digital asset market
A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds can also be categorized based on their investment strategies. For instance, some…
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How to use cloud storage effectively
Cloud storage has revolutionized the way we store, access and share data. It has evolved into a vital resource for both individuals and companies because of its many benefits, including scalability, accessibility and cost-effectiveness. However, it is crucial to use cloud storage wisely if one wants to fully realize its potential. This article provides some strategies on how to maximize the benefits of cloud storage and improve the user experience. Choose the…
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Ripple vs. SEC: Could newly released documents tip the balance?
The ongoing case of the Securities and Exchange Commission v Ripple Labs could have a significant impact on the future of cryptocurrency regulations. Ripple first popped up in 2012 with the promise of providing financial institutions and other entities with faster, more affordable clearance of cross-border fund transfers. To that end, Ripple created the XRP Ledger and a cryptocurrency called XRP (XRP) to function as its native coin and facilitate transactions. On…
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Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M
The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million. In response to the news, Kyle Davies, co-founder of 3AC, wrote:…
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Instagram to reportedly launch text-based app to rival Twitter
In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter. Instagram’s plan to rival Twitter was uncovered by Lia Haberman, an influencer marketing and social media marketing teacher at the University of California, Los Angeles Extension. According to Haberman, although the text-based app is built on…
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‘Big Short’ author Michael Lewis almost ready to publish book on SBF
Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange. The upcoming book is titled Going Infinite: the Rise and Fall of a New Tycoon, and Lewis initially stumbled on to the subject of Bankman-Fried in late 2021, after a friend had asked him to meet the FTX founder…
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Ledger co-founder clarifies “there is no backdoor” in Recover firmware update
The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a technical one.” Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities.…
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Strike moves global headquarters to El Salvador, expands to 65 countries
Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina. According to Jack Mallers, the CEO and founder of Zap, Strike’s parent company, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000…
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$3M worth of customer funds swiped via alleged Swaprum DEX rug pull
Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform. A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance — if they don’t adequately cover their tracks, of course. According to…
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Users are going to decide if they can still trust Ledger with their wallet keys
Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions. The user’s private keys are generated and stored within the device and are supposed to never leave it. This “cold storage” provides an unrivaled level of security…
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Bug in Aave V2 Polygon causes some assets to become stuck in contracts
A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a May 19 proposal that attempts to fix the bug through a patch. The proposal says that users are currently unable to “supply more of those assets, borrow, repay, or…
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Michael Saylor is bullish on Bitcoin but sceptic on all other crypto
Michael Saylor reiterates his bullish view on Bitcoin. MicroStrategy Inc currently has about 140,000 BTC. Bitcoin has lost nearly 10% from its high in April. Bitcoin has lost nearly 10% in recent weeks but the pullback is only an opportunity to build a position as far as Michael Saylor – Chairman of MicroStrategy Inc is concerned. Saylor is sceptic on other cryptocurrencies Interestingly, his bullish view is particular to bitcoin only while…
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Blockchain technology platform Bakkt looks toward Europe after MiCA
The international regulatory environment for cryptocurrency is improving, and the company is eyeing a retail expansion on the continent, Bakkt chief product officer Dan O’Prey said. On the whole, O’Prey saw positive long-term trends. Speaking to Cointelegraph’s U.S. News Editor, Sam Bourgi, at Bitcoin 2023, O’Prey described Bakkt as prioritizing its role as a “B2B2C” company for the past two years. As such, it has seen “a significant portion of the major…
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Tether, KriptonMarket to support USDT transactions at Argentina’s Central Market
Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The move was enabled by a partnership between the stablecoin issuer Tether and on-/off-ramp platform KriptonMarket. The collaboration will provide companies the ability to accept and pay bills with USDT, as well as pay a percentage of employee salaries with the stablecoin.…
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Ethereum users are increasingly demanding self-custody: Casa CTO
The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Incidents like the collapse of FTX in 2022 have raised awareness of the need for a secure way to…
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Bitcoin production growth and capital strategy guiding Marathon Digital: CEO
A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel. In an exclusive interview during the 2023 Bitcoin Conference in Miami, Thiel disclosed the strategy behind Marathon’s figures in the first quarter of 2023, where the firm reduced its net loss from $12.9 million ($0.12 per share)…
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BitDAO passes BIP-21 token optimization and branding proposal
The BIT token will soon undergo a branding transformation to become Mantle, a measure approved through a high majority vote on May 19 on a proposal to optimize the token ahead of the launch of a new layer-two mainnet. As Cointelegraph reported on May 12, the BIP-21 proposal sought to unify the BitDAO ecosystem under a “One brand, One token” principle. Now that it’s passed, with a reported votes tally of 235…
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US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The United States Department of Justice (DOJ) is on the lookout for DeFi hackers and exploiters who have stolen millions of dollars worth of assets. The DOJ’s top crypto cop said it was a significant issue in the wake of North Korean state-sponsored hackers.…
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Jack Dorsey’s TBD launches decentralized web platform Web5
The new platform is designed to give users more control over their data and identity Web5 is also targeted at making it easier for developers to build decentralised applications. The platform is powered by the Bitcoin blockchain. TBD, a fintech startup of former Twitter CEO Jack Dorsey’s company Block, has announced the launch of a new decentralised web platform called Web5. Web5: Giving users more control over their data The announcement that…
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Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. Source link
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Markets
Ripple and SEC seek extension for unsealing Hinman documents
On May 19, James Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the Securities and Exchange Commission (SEC) vs. Ripple case for the past few years, shared an update regarding the potential unsealing of the Hinman documents for public access. According to a tweet, the SEC and Ripple Labs have filed a “Joint Letter for one week extension, until June 13, 2023, to file public, [redacted] versions of…
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Markets
NY Fed and MAS publish joint CBDC cross-border payment project results
The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint “Project Cedar Phase II x Ubin+.” The project examined the use of central bank digital currency (CBDC) for wholesale cross-border payments using one or more vehicle currencies. A vehicle currency is a highly liquid currency used to facilitate the trading of two less liquid currencies. The…
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