Category: Crypto
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Indonesia Establishes A Crypto Asset Committee To Regulate The Bursting Crypto Sector
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Image from analytics insight Indonesia’s cryptocurrency landscape has been rapidly evolving, marked by surging transaction volumes and a growing investor base. To keep pace with these developments and ensure regulatory compliance, the country’s Commodity Futures Trading Regulatory Agency, known as Bappebti, has taken a decisive step by establishing a dedicated…
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NEAR Protocol’s X account hacked, here’s what we know so far
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The NEAR Protocol The first encrypted message was published on NEAR Protocol’s X page at 18:18 UTC on May 8. The message, which resembles Morse code, says “Darkness is coming” when decoded. Source: MorseCode.World Despite the dark ambience of the message, NEAR Foundation’s Director of Marketing and Events, Yadira Blocker,…
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Donald Trump Takes New Approach Toward Crypto, Bashes Biden’s Hostile Administration
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Former US President Donald Trump announced his intention to ensure the acceptance of cryptocurrency donations for his campaign donations. Trump is the Republican candidate for the next US presidential elections scheduled for November 2024. Trump pushes for cryptocurrency donations In various videos posted to Attendees received over 47 NFTs individually,…
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‘I’m Good With It, Vote For Me’
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Late Wednesday, Donald Trump, former president and Republican front-runner, announced his support for cryptocurrencies. The announcement came during a high-profile gathering at his Mar-a-Lago resort in Palm Beach, Florida, dubbed the Trump Cards NFT Gala, which was attended by supporters holding NFTs depicting Trump’s name and likeness. During the event,…
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Bitcoin Lightning Wallet ZEUS Isn’t Going Anywhere
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Founder: Ivan Kaludis Date of Establishment: 2019, Block 563345; It was merged in 2023 Headquarters location: No headquarters; Quite far The amount of Bitcoin held in the vault: Not disclosed Number of Employees: 2 website: https://zeusln.com/ Public or private? private On April 26, 2024, Evan Kaloudis drew a line in…
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ADA Price Prediction – Can Cardano Bulls Overcome This Key Hurdle?
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Cardano (ADA) is trying to make a new surge above the $0.4500 resistance area. ADA could gain upward momentum if it settles above the 100 SMA (H4). ADA price is slowly moving above the $0.450 area. The price is trading below $0.480 and the 100 simple moving average (4-hours). There…
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Robinhood’s Q1 Crypto Revenue Triples
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Although Robinhood (Nasdaq: HOOD) faces potential regulatory setbacks, its revenue from cryptocurrency trading in the first three months of 2024 jumped 232 percent to $126 million. The increase was driven by virtual cryptocurrency trading volume in the quarter, which reached $36 billion, 224 percent higher. Encryption is king The US…
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Crypto token unlocks could lead to market correction
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The cryptocurrency market’s current bull cycle may be shorter than previous ones and is unlikely to end with a significant altcoin rally. As reported by 10x Research analysts, cryptocurrency investment funds, which will concentrate a significant share of coins in the future, may be the reason behind this. Be careful…
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Biden Admin To Kill Republican Bill Letting U.S. Banks Custody Crypto
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Republican-led efforts to free up US banks to offer cryptocurrency custody services have been shut down by the Democratic-led White House. On Wednesday, the House discussed and prepared to vote on House Resolution 109 (HJ Res. 109), which would rescind prior accounting guidance from regulators to banks that plan to…
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Ethena Partners With Bybit, Is This An “Attack” On USDT And USDC?
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In a post on X, one of the analysts now Claims Traditional fiat-backed stablecoins such as USDT and USDC should prepare for a “major” attack given the growing popularity of Ethena’s USDe coin. This warning comes after Ethena and USDe integrated with Bybit, a cryptocurrency exchange that allows perpetual trading.…
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
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Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could delay any real recovery. “The rapid sequence of nearly $2 billion in token unlocks over the next 10 weeks could send the altcoin market plummeting,” cryptocurrency analytics firm 10x Research noted…
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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
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Executive Office of US President Joe Biden Announce Its position on the proposed legislation, HJ Res. 109, would allow highly regulated financial companies to act as custodians for bitcoin and other cryptocurrencies. JUST IN: ?? US President Joe Biden’s administration says Biden will veto legislation that would allow highly regulated…
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Analyst Predicts 5,600% Rally To $25
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Cardano is currently going through a downtrend, and continues to show bearish tendencies as its price trends below $0.5. However, while many saw the altcoin as not having a lot of prospects, cryptocurrency analyst FieryTrading believes that the digital asset gives investors an opportunity to enter at a cheap price.…
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Tether Chainalysis Collaboration
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The world of cryptocurrencies has undergone a major transformation, with stablecoins such as Tether’s USDT becoming at the forefront of the industry’s evolution. Amid the expansion of the cryptocurrency market, concerns about illicit activities and the need for regulatory compliance have increased. In a forward-looking step forward, pregnancy Collaborated with…
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Vitalik Buterin pitches upgrade to Ethereum account abstraction
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Vitalik Buterin, co-founder of Ethereum, proposed a common idea to improve computation abstraction for standard on-chain addresses. This concept is called the Ethereum Improvement Proposal (EIP) 7702 He presents A new transaction method that allows externally owned accounts (EOAs), also known as a physical Ethereum (ETH) account, to perform smart…
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Grayscale’s Ether Futures ETF Application Pulled, Reason Not Disclosed
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A proposal to list and trade shares of prominent asset manager Grayscale’s ether futures trading fund (ETF) has been withdrawn, according to a new document filed on Tuesday. An SEC filing revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc., has been withdrawn.…
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Solana Breakout: Crypto Analysts Confirm SOL Is Ready To Cross $200
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Solana had touched $200 earlier in the year but this was only briefly before falling back to $150. At this point, Solana indicators are starting to flash bullish, leading crypto analysts to expect a resurgence above $200 for the altcoin. Solana shows growth in the D1 time frame Cryptocurrency analyst…
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Ordinal Derangement Syndrome (ODS) Is a Real Phenomenon
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Ordinal Disorder Syndrome (ODS) is a real phenomenon. As a neutral observer of Bitcoin Magazine, I aim to address misconceptions and dismissive attitudes toward ordinals in the Bitcoin community, and uncover overlooked complexities and potential within what I call “ordinal confusion syndrome” (ODS). ODS emerges as a significant phenomenon within…
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Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000
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Thomas Jung Lee, the chief executive officer (CEO) of Fundstrat, an independent financial research boutique, maintained a bullish stance on Bitcoin. The financial analyst did And he expected The world’s largest cryptocurrency could rise significantly, doubling its current price to Up to $150,000 During the 2024 cryptocurrency market cycle. Bitcoin…
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Crypto Market Maker Wintermute Enters Hong Kong Bitcoin ETFs Market
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In a strategic move to capitalize on the rapidly evolving cryptocurrency landscape, global algorithmic market maker Wintermute has announced its plans to provide liquidity services for Hong Kong Bitcoin ETFs and Ethereum ETFs. This expansion into the Asian market comes as Wintermute seeks to strengthen its foothold in the region,…