Articles
Read ArticlesCryptoCurrencyNews
Bybit Confirms Executive Changes After Notcoin Launch Issues
-Cryptocurrency exchange Bybit has confirmed reports of an executive reshuffle following complications with the Notcoin launch, which led to $23 million in compensation being distributed to 320,000 users. The news, initially reported by Wu Blockchain, indicated that several executives had “voluntarily resigned” and that Bybit had hired new technical and spot managers. A Bybit spokesperson … Continue reading "Bybit Confirms Executive Changes After Notcoin Launch Issues"
Bitcoin Hits Low End of Range, June Data Could Spark Change
-Bitcoin’s price has maintained a remarkably tight trading range near $68,000 following the U.S. Memorial Day holiday, with a slight dip approaching the week’s low in Friday’s morning trading hours. At 11:45 am ET, bitcoin was priced at $67,300, down 1% over the past 24 hours and 2% from its peak two hours earlier at … Continue reading "Bitcoin Hits Low End of Range, June Data Could Spark Change"
DMM Bitcoin Exchange Hit by $305M Hack
-Japanese cryptocurrency exchange DMM Bitcoin has disclosed a significant breach resulting in the loss of 4,502.9 BTC, equivalent to $305 million, to hackers. The stolen funds were reportedly divided into 10 wallets, with each holding batches of 500 BTC, according to data provided by security firm Blocksec. In response to the breach, DMM Bitcoin has … Continue reading "DMM Bitcoin Exchange Hit by $305M Hack"
Guild of Guardians Tops NodeMonkes in Daily NFT Sales
-Immutable’s Guild of Guardians Avatars overtook NodeMonkes to claim the top spot on CryptoSlam’s daily non-fungible token sales charts on Thursday. The Immutable game-linked collection led NFT sales with a daily volume of $828,697, representing a 19% increase from $696,862 the previous day. NodeMonkes, a Bitcoin-based collection that topped Wednesday’s sales, fell to third place … Continue reading "Guild of Guardians Tops NodeMonkes in Daily NFT Sales"
Tether Invests $100 Million in US-Listed Bitcoin Miner Bitdeer
-Stablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group (NASDAQ:BTDR), a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to buy an additional $50 million in shares within a year. The companies signed a subscription agreement for a private placement of 18.6 million Class A … Continue reading "Tether Invests $100 Million in US-Listed Bitcoin Miner Bitdeer"
NodeMonkes Leads NFT Sales Again This Week
-NodeMonkes, the leading Bitcoin-based NFT collection, once again led CryptoSlam’s daily sales chart on Wednesday, achieving US$935,770 in sales. This marks the second time NodeMonkes has topped the sales chart this week. The recent surge has propelled NodeMonkes’ cumulative sales volume to US$229.06 million, placing it 26th on the all-time sales chart, surpassing the Avalanche-based … Continue reading "NodeMonkes Leads NFT Sales Again This Week"
Mastercard Launches “Crypto Credential” to Secure Payments
-Mastercard Inc. (NYSE:MA) has launched a new service called “Crypto Credential,” aimed at enhancing the security and ease of peer-to-peer crypto transactions across various European and Latin American countries. This service enables users to create a Mastercard username for sending and receiving Bitcoin and other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, … Continue reading "Mastercard Launches “Crypto Credential” to Secure Payments"
Mastercard Launches P2P Crypto Network and Vanity Address System
-Mastercard (NYSE:MA) is launching a peer-to-peer (P2P) platform for cryptocurrency users in Europe and Latin America. The new network, called Mastercard Crypto Credential, aims to facilitate cross-border digital asset transactions. In its pilot phase, Mastercard Crypto Credential supports transactions on Bit2Me, Lirium, and Mercado Bitcoin exchanges, enabling cross-border payments between Europe and Latin America. This … Continue reading "Mastercard Launches P2P Crypto Network and Vanity Address System"
Gemini Customers Recover Over $2 Billion in Crypto from Genesis Bankruptcy
-Bankrupt crypto lender Genesis and crypto exchange Gemini have successfully returned over $2 billion in cryptocurrency to 232,000 retail customers of their jointly managed Gemini Earn program. This repayment provides customers a 242% return on assets that had been locked up since January 2023, Gemini announced on Wednesday. Unlike other crypto companies that went bankrupt … Continue reading "Gemini Customers Recover Over $2 Billion in Crypto from Genesis Bankruptcy"
LayerZero Bridges Solana for Expanded Crypto Transfers
-Crypto bridging protocol LayerZero is expanding to the Solana blockchain, providing a new pathway for transferring crypto assets between Ethereum and its largest competitor, starting Wednesday. This integration will allow Solana users to move their assets to Arbitrum, Ethereum, Polygon, and 70 other connected chains, and vice-versa, according to LayerZero Labs, the company behind the … Continue reading "LayerZero Bridges Solana for Expanded Crypto Transfers"
Wisconsin Board Invests $187 Million in Bitcoin and Crypto
-The State of Wisconsin Investment Board has become the first public institution in the U.S. to invest in cryptocurrency, putting $187.1 million into bitcoin and related crypto companies, as revealed in a May 14 quarterly filing with the U.S. Securities and Exchange Commission. SWIB manages the assets of the Wisconsin Retirement System, the State Investment … Continue reading "Wisconsin Board Invests $187 Million in Bitcoin and Crypto"
Russian Firms Embrace Crypto for China Trade
-Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for settling deals. At least two major metals producers have begun utilizing Tether Holdings Ltd.’s stablecoin and other cryptocurrencies to settle cross-border transactions with primarily Chinese clients and suppliers. These settlements, in some cases, are … Continue reading "Russian Firms Embrace Crypto for China Trade"
Semler Scientific Surges 25% After $40M Bitcoin Investment
-Semler Scientific (NASDAQ:SMLR) witnessed a remarkable 25% increase in its stock price during early U.S. trading hours on Tuesday following its announcement of purchasing 581 bitcoins for its treasury. Before the surge, the company boasted a market capitalization of under $200 million. In its most recent earnings statement, Semler revealed holding cash and cash equivalents … Continue reading "Semler Scientific Surges 25% After $40M Bitcoin Investment"
Maple Finance Unveils Syrup Yield Platform and Token
-Maple Finance, a cryptocurrency lending firm, has introduced Syrup, a new loans platform and rewards token aimed at integrating institutional-friendly yield-bearing digital assets with the decentralized finance sector. Maple’s Syrup platform offers users up to 15% yields by depositing Circle’s USDC stablecoin. Users receive LP tokens (syrupUSDC) and additional yield in the form of “Drips,” … Continue reading "Maple Finance Unveils Syrup Yield Platform and Token"
Riot Platforms Makes $950 Million Offer to Acquire Bitfarms
-Riot Platforms Inc. (NASDAQ:RIOT) has made an unsolicited $950 million bid to acquire Bitfarms Ltd. (NASDAQ:BITF), following the smaller Bitcoin miner’s rejection of a previous takeover proposal last month. Riot offered $2.30 per share in cash and stock for Bitfarms, representing a 20% premium over Bitfarms’ trading price before Riot’s initial April offer, which was … Continue reading "Riot Platforms Makes $950 Million Offer to Acquire Bitfarms"
Next Crypto to Hit $1 in 2024: Top Cryptos Under $1
-Looking for the next cryptocurrency to hit $1 in 2024? With robust trading volumes in the crypto market, savvy traders are eyeing the best penny cryptos to buy right now. Identifying the next crypto to hit $1 involves considering factors like market capitalization, current price, and the problems each project aims to solve. In this … Continue reading "Next Crypto to Hit $1 in 2024: Top Cryptos Under $1"
Trump’s Pro-Crypto Comments Propel Memecoins to New Heights
-Memecoins linked to former US President Donald Trump and celebrity Caitlyn Jenner surged on Monday following Trump’s weekend endorsement of cryptocurrency. Newly minted tokens like MAGA on Ethereum and JENNER on Solana experienced dramatic price increases, with JENNER soaring 500-fold in the last 24 hours. MAGA Token’s Meteoric Rise The MAGA token, named after Trump’s … Continue reading "Trump’s Pro-Crypto Comments Propel Memecoins to New Heights"
Bitcoin Whales Bullishly Buy Up Cryptocurrency
-Bitcoin (BTC) whales, significant holders of the cryptocurrency, have reignited their purchasing activity after a brief pause following Bitcoin’s record high in March. According to market intelligence firm CryptoQuant, there has been a notable increase in the 30-day percentage change in whale address holdings, suggesting a renewed interest in accumulating Bitcoin at current price levels. … Continue reading "Bitcoin Whales Bullishly Buy Up Cryptocurrency"
Ether Soars as US ETF Speculation Fuels Volatility
-Crypto traders are closely monitoring the surging price of Ether (ETH), spurred by growing anticipation surrounding the potential approval of exchange-traded funds (ETFs) in the United States. Despite lingering doubts about the level of demand for these investment vehicles, bets on further gains in Ether are escalating. The recent shift in stance by the US … Continue reading "Ether Soars as US ETF Speculation Fuels Volatility"
Ronaldo and Binance Launch New NFT Collection Amid Legal Issues
-Renowned Portuguese footballer Cristiano Ronaldo has announced a collaboration with Binance for the launch of his fourth non-fungible token collection. This new collection, set to debut on May 29 on the Binance NFT Marketplace, will celebrate highlights from Ronaldo’s storied football career. Ronaldo expressed excitement about this project, emphasizing his journey across the globe and … Continue reading "Ronaldo and Binance Launch New NFT Collection Amid Legal Issues"
Ethereum Targets Q1 2025 for Pectra Upgrade Launch
-Ethereum core developers have announced that the highly anticipated Pectra upgrade will be launched by the end of Q1 2025. This decision follows the successful deployment of the Dencun upgrade in March 2024 and aims to avoid rushing the release, allowing for the inclusion of more impactful user features. Strategic Planning for Pectra Upgrade Developers … Continue reading "Ethereum Targets Q1 2025 for Pectra Upgrade Launch"
U.S. Credit Unions Embrace Tokenization of Real-World Assets
-Traditional banks may still lead the financial industry in terms of assets, but credit unions are gaining popularity among eligible Americans. Recent data reveals approximately 4,600 credit unions in the United States. A September 2023 report from the National Credit Union Administration highlighted that nearly 139 million Americans were members of federally insured credit unions, … Continue reading "U.S. Credit Unions Embrace Tokenization of Real-World Assets"
DOGE and SHIB Spike After Elon Musk’s Tweet on Dogecoin Mascot
-Popular canine-themed meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), experienced a significant spike on Friday following a tweet from Elon Musk about the passing of Kabosu, the dog that inspired these tokens. DOGE surged by as much as 5%, reaching a session high of 17.3 cents within minutes of Musk’s tweet, while SHIB increased … Continue reading "DOGE and SHIB Spike After Elon Musk’s Tweet on Dogecoin Mascot"
OKX Withdraws Hong Kong License Application
-OKX, one of the largest cryptocurrency exchanges globally, has opted to withdraw its application to operate in Hong Kong, marking a notable development in the regulatory landscape. In a recent announcement, OKX cited strategic considerations for its decision to withdraw its application for a Virtual Asset Service Provider (VASP) license in Hong Kong. The exchange … Continue reading "OKX Withdraws Hong Kong License Application"
University of Michigan Endowment Boosts Crypto Investments
-The adoption of cryptocurrency is significantly bolstered when large funds, such as pensions and endowments, begin investing. Notable among these are university endowments, which manage substantial assets for their respective institutions. The University of Michigan is actively participating in cryptocurrency investments through the CNK Fund I, L.P., managed by Andreessen Horowitz. This fund targets “cryptonetwork … Continue reading "University of Michigan Endowment Boosts Crypto Investments"
Bitcoin ETFs Set to Surge with SEC’s Approval of Ether ETFs
-The US Securities and Exchange Commission (SEC) has made a groundbreaking decision by greenlighting the potential launch of eight exchange-traded funds (ETFs) tied to ether, the world’s second-largest cryptocurrency. This move comes on the heels of the SEC’s earlier approval of bitcoin ETFs, marking a significant shift in the regulatory landscape for digital assets. The … Continue reading "Bitcoin ETFs Set to Surge with SEC’s Approval of Ether ETFs"
Wisconsin Pioneers State Investment in Bitcoin ETFs
-For cryptocurrency to gain more value, wider ownership is crucial. Institutions investing directly in bitcoin or indirectly through spot ETFs, launched in January, can drive this growth. Some entities, like MicroStrategy (NASDAQ:MSTR), invest directly in bitcoin, while others, like the State of Wisconsin, invest indirectly. This trend is positive for cryptocurrency as it increases exposure … Continue reading "Wisconsin Pioneers State Investment in Bitcoin ETFs"
U.S. House Passes Bill Banning Federal Reserve CBDC
-In a largely partisan vote, the U.S. House of Representatives has moved to prohibit the Federal Reserve from launching a central bank digital currency (CBDC). The bill, known as the CBDC Anti-Surveillance State Act, was introduced by Majority Whip Tom Emmer (R-Minn.), with concerns raised by Republicans regarding the potential for a U.S. CBDC to … Continue reading "U.S. House Passes Bill Banning Federal Reserve CBDC"
Fantasy Top Leads NFT Sales, Exceeds $1 Million
-The Fantasy Top collection surged to the top of CryptoSlam’s daily non-fungible token sales chart on Wednesday, exceeding $1 million in transactions for the first time this week. The leading Blast collection reported 7,467 transactions involving 2,246 unique buyers and 2,749 sellers. Meanwhile, the Ethereum blockchain outperformed other platforms on the same day, recording sales … Continue reading "Fantasy Top Leads NFT Sales, Exceeds $1 Million"
Ethereum’s Historic Daily Surge: Surpasses Mastercard, LVMH Market Caps
-Ethereum experienced a remarkable rally on Monday, marking its largest daily gains in three years and surpassing industry giants like Mastercard and LVMH in market capitalization. The surge was triggered by increasing speculation regarding the Securities and Exchange Commission’s (SEC) potential approval of a spot Ethereum exchange-traded fund (ETF). News of the heightened probability of … Continue reading "Ethereum’s Historic Daily Surge: Surpasses Mastercard, LVMH Market Caps"
18.118.138.88 | United States | 957 |