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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its continued airdrops, and the work developers have undertaken to fix the network’s recent congestion issues. Franklin Templeton: There […]
https://news.bitcoin.com/investment-firm-franklin-templeton-believes-solana-will-become-the-third-largest-crypto-asset/
Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength, citing significant inflows into spot bitcoin exchange-traded funds (ETFs) and encouraging signs for increased corporate […]
https://news.bitcoin.com/analysts-stand-firm-on-150k-bitcoin-price-forecast-citing-a-healthy-cycle/
According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording gains ranging from 4% to 30% within seven days. AI Cryptos Rise After Suffering Heavy Monthly […]
https://news.bitcoin.com/top-ai-crypto-assets-rebound-despite-recent-month-long-decline/
Gala (GALA), the token powering the Gala Games ecosystem, has been making some serious moves in the past week. GALA has soared 13% over the last seven days – and now one popular analyst is claiming that the token could realistically double from here. Analyst Predicts GALA Could Double as Technicals Strengthen It’s been a […]
https://news.bitcoin.com/gala-rises-13-in-a-week-as-analyst-backs-its-price-to-double-while-dice-presale-hits-770k/
Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against the U.S. dollar, while render (RNDR) experienced a notable spike of […]
https://news.bitcoin.com/this-weeks-crypto-gainers-worldcoin-leads-surge-zbc-and-sei-see-largest-declines/
PRESS RELEASE. MAY 6, 2024 — Switzerland. STYLE Protocol, which transforms NFTs into 3D assets that can be used in any game or metaverse, has listed its native utility token on major exchanges. The cutting-edge digital asset — $STYLE — made its debut on Bitget and MEXC, and is also available on the decentralized exchange […]
https://news.bitcoin.com/style-protocol-building-to-empower-gamers-closes-2-5m-seed-and-lists-token-on-major-exchanges/
Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […]
https://news.bitcoin.com/bitcoin-technical-analysis-bulls-challenge-upper-resistance/
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […]
https://news.bitcoin.com/analysts-china-gold-rush-is-propping-prices-up/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme […]
https://news.bitcoin.com/latam-insights-south-african-ponzi-scheme-boss-dies-in-brazil-argentine-house-passes-crypto-tax-regularization-bill/
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]
https://news.bitcoin.com/australian-court-rules-against-bps-financial-for-unlicensed-crypto-operations/
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […]
https://news.bitcoin.com/crypto-wealth-bolsters-real-estate-markets-and-consumer-spending-study-finds/
Based on the most recent figures, Blackrock’s USD Institutional Digital Liquidity Fund, also known as BUIDL, has expanded to $381.76 million, overtaking Franklin Templeton’s onchain investment vehicle, BENJI, as the largest real-world asset (RWA) tokenized offering. Blackrock’s Digital Fund Surpasses BENJI as Leader in Tokenized Treasury Offerings Blackrock’s BUIDL has now eclipsed all other tokenized […]
https://news.bitcoin.com/blackrocks-buidl-fund-overtakes-franklin-templeton-to-become-largest-rwa-tokenized-offering/
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a […]
https://news.bitcoin.com/the-halving-effect-bitcoin-hashrate-decreases-as-miners-prepare-for-probable-difficulty-drop/
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered […]
https://news.bitcoin.com/btc-ponzi-scheme-mastermind-suffers-heart-attack-analyst-eyes-300k-btc-price-and-more-week-in-review/
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]
https://news.bitcoin.com/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/
Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May 15th. The upgrade implements the adaptive blocksize limit algorithm, allowing the network to adapt to future increases in demand without having direct input from actors, avoiding the opportunity for social attacks. Bitcoin Cash to Include Adaptative […]
https://news.bitcoin.com/bitcoin-cash-prepares-adaptive-blocksize-limit-upgrade-commits-to-network-scaling/
Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […]
https://news.bitcoin.com/warren-buffett-sees-no-alternative-to-us-dollar-as-reserve-currency-berkshire-holding-188-billion-in-cash/
Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64 million at current exchange rates. 1,005 Bitcoin Worth $64 Million Moved From 2 […]
https://news.bitcoin.com/2014-bitcoin-whale-awakens-spends-1005-btc-valued-at-64-million-after-a-decade/
Casa helps people store bitcoin and other digital assets by empowering them to own, secure, and manage their private keys safely and easily. Founded in 2016, the company helps its members take self-custody of their assets with multi-key vaults for greater protection against single points of failure, such as hacks, theft, and accidents. Nick Neuman […]
https://news.bitcoin.com/why-self-custody-is-vital-for-bitcoin-security-casa-ceo-nick-neuman/
A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff […]
https://news.bitcoin.com/sec-issues-wells-notice-to-robinhood-over-crypto-operations/
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-bulls-maintain-drive-amid-fluctuations-and-uncertainty/
The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his […]
https://news.bitcoin.com/kenyan-president-requests-bitcoin-miner-marathon-digital-to-review-nations-cryptocurrency-regime/
A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after the cryptocurrency exchange’s attorney stated that he had not received the necessary documents to prepare a defense. However, Nigerian authorities reportedly provided the attorney with an additional 300-page document containing further evidence during a […]
https://news.bitcoin.com/nigerian-court-postpones-binance-tigran-gambaryan-money-laundering-trial-to-may-17/
PRESS RELEASE. Abu Dhabi, AE, May 6, 2024 – Amidst the 2024 resurgence of the bull market, with Bitcoin breaking the $72,000 mark, the demand for sophisticated market making has skyrocketed. Coinrate.pro has emerged as a trailblazer with its innovative market making strategies and forward-looking vision. Sergey Smotrov, the CEO of Coinrate.pro, unveils the company’s […]
https://news.bitcoin.com/market-making-mastery-coinrate-pro-ceo-reveals-the-12x-market-caps-strategy/
India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations uncovered numerous dummy accounts and led to the freezing of digital assets at various crypto exchanges, which were then transferred to the ED’s […]
https://news.bitcoin.com/india-announces-successful-crackdown-on-e-nugget-scam-seizes-10m-in-crypto-from-exchanges/
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […]
https://news.bitcoin.com/sui-surpasses-solana-in-daily-transactions-amidst-spam-token-frenzy/
According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday. From Epic Satoshi to EPIC•EPIC•EPIC•EPIC Runes […]
https://news.bitcoin.com/epic-satoshi-spurs-launch-of-new-runes-tokens-with-88m-market-cap/
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal […]
https://news.bitcoin.com/class-action-lawsuit-claims-coinbase-operates-as-unregistered-broker/
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might […]
https://news.bitcoin.com/bitfinex-cto-dismisses-breach-claims-as-pure-fud-says-no-group-has-asked-for-ransom/
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence […]
https://news.bitcoin.com/south-africas-fic-unveils-draft-directive-for-travel-rule-implementation-crypto-industry-leader-issues-warning/