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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe (PEPE) which rose 78.5% over the seven-day run. Broad Crypto Market Gains Nearly two dozen crypto assets witnessed double-digit gains this past week with PEPE […]
https://news.bitcoin.com/week-of-wins-in-crypto-pepe-skyrockets-78-ethereum-up-27/
The Portuguese footballer Cristiano Ronaldo has informed his 111 million followers on the social media platform X to prepare for the unveiling of his latest collection of non-fungible tokens (NFTs) on Binance. In a post dated May 24, Ronaldo encouraged his followers who are eager to relive the NFT journey to register for his fourth […]
https://news.bitcoin.com/football-star-cristiano-ronaldo-seemingly-ignores-1-billion-lawsuit-after-urging-fans-to-sign-up-latest-nft-drop/
Ethereum’s price on May 27, 2024, stands at $3,908, reflecting a strong upward trend in the recent trading sessions. Ether’s intraday range has been between $3,795 to $3,953 over the past 24 hours. Ethereum Ethereum’s 1-hour chart reveals a steady upward trend starting from May 26, peaking at approximately $3,953. After reaching this peak, the […]
https://news.bitcoin.com/ethereum-technical-analysis-bullish-signals-dominate-as-ether-trends-higher/
Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned for its internet infrastructure, online advertising, and fintech services. The collaboration aims to explore the issuance of stablecoins denominated in JPY and USD in Japan. […]
https://news.bitcoin.com/nomura-and-gmo-collaborate-on-japanese-stablecoin-issuance/
The Aptos blockchain reached a milestone in its history, processing over 95 million in a single day. According to data provided by Artemis, a blockchain statistics platform, the number broke an L1 industry record on May 24, pushed by the tap to earn game Tapos, in which each tap or click constitutes a transaction. Aptos […]
https://news.bitcoin.com/aptos-reaches-milestone-processes-over-95-million-daily-transactions/
Ross Ulbricht, the founder of the Silk Road marketplace, has received a beacon of hope. Former President Donald Trump has made a compassionate pledge to commute Ulbricht’s sentence on his first day back in office, if re-elected. This remarkable gesture has been met with immense gratitude by Ulbricht, who has spent over a decade in […]
https://news.bitcoin.com/ross-ulbricht-immensely-grateful-for-potential-path-to-freedom-following-trumps-pledge/
TRON founder Justin Sun has made a public call to back a U.S. presidential candidate favorable to cryptocurrencies. Sun emphasizes the importance of recognizing the cryptocurrency community—including companies and protocols—as key stakeholders in the political arena. He urges that their voices be heard and their interests safeguarded, highlighting the growing influence of digital currencies in […]
https://news.bitcoin.com/justin-sun-advocates-supporting-a-crypto-friendly-u-s-presidential-candidate/
Microsoft South Africa (SA) has entered into a $70.5 million artificial intelligence (AI) investment agreement with the Southern African nation’s Department of Trade, Industry, and Competition (DTIC). The investment aims to support the development of black-owned small, micro, and medium enterprises (SMMEs) in both tech and non-tech sectors over the next 10 years. Approximately 200 […]
https://news.bitcoin.com/microsoft-invests-70-million-in-south-africa-for-ai-advancement/
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 […]
https://news.bitcoin.com/robert-kiyosaki-advises-buying-bitcoin-before-price-explodes-warns-of-bonds-crashing/
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 […]
https://news.bitcoin.com/brazilian-cbdc-pilot-postponed-to-2025-due-to-inefficiency-of-privacy-solutions/
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 […]
https://news.bitcoin.com/venezuelan-authorities-seize-over-6000-bitcoin-miners-in-2-new-operations-over-17000-confiscated-in-total/
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 […]
https://news.bitcoin.com/despite-ethereum-etf-approvals-altcoin-season-remains-far-off/
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 […]
https://news.bitcoin.com/trump-coin-taps-all-time-high-up-over-30-in-24-hours-post-convention/
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 […]
https://news.bitcoin.com/expert-says-peer-to-peer-nature-of-crypto-activity-renders-chinas-ban-ineffective/
Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […]
https://news.bitcoin.com/marathon-digital-inks-renewable-energy-deal-with-kenya-crypto-miner-to-invest-80m/
A new AI-powered crypto project is turning heads and raking in millions during its presale. Called WienerAI (WAI), this meme coin with a twist has already raised $3 million by combining a hilarious meme design with an advanced crypto trading bot. WienerAI – The AI-Powered Meme Coin with Real Utility WienerAI is a new meme […]
https://news.bitcoin.com/ai-meme-coin-presale-wienerai-raises-3m-next-crypto-to-explode/
Normie, a meme coin launched on Base, suffered an exploit that took its market capitalization from almost $42 million to $1 million. The exploiter sent a message offering to keep 10% of the ETH exploited, and demanding that the remaining 90% and the 600 ETH still present in the wallet of the token developers be […]
https://news.bitcoin.com/normie-meme-coin-suffers-exploit-vows-to-relaunch-after-negotiating-hacker-bounty/
PRESS RELEASE. Dublin, Ireland — May 27, 2024 — ETH Ireland, the team behind Ireland’s first web3 hackathon and conference, builds on the success of last year’s event with repeat sponsorship from the Fidelity Center for Applied Technology (FCAT). Throughout the hackathon and conference, there will be eight workshops to support the various bounties available, […]
https://news.bitcoin.com/ethdublin-kicking-off-this-weekend/
As of May 27, 2024, bitcoin is trading at $68,457 with a market capitalization of $1.34 trillion. The leading crypto asset has experienced an intraday price range of $68,308 to $69,340 with a 24-hour trade volume of $10.74 billion. Bitcoin The short-term analysis based on BTC’s 1-hour chart reveals a slight downward trend following a […]
https://news.bitcoin.com/bitcoin-technical-analysis-btcs-uptrend-held-back-by-strong-resistance-at-70k/
PRESS RELEASE. Dubai, UAE – May 27th, 2024 – VOPO Coin, a new kitty on the block, is making waves with a bold ambition to claim the top spot in the memecoin realm by rubbing shoulders with the likes of Doges and Pepes. Positioned as the fun and quirky side of crypto, VOPO represents where […]
https://news.bitcoin.com/vopo-coin-claiming-the-top-spot-in-memecoins/
Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of $200K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a way to migrate friendtech off of Base without causing […]
https://news.bitcoin.com/friend-tech-co-founder-posts-bounty-to-migrate-platform-off-base/
Although it may be undervalued at present, the SRC20 protocol distinguishes itself among protocols operating on the Bitcoin network due to its unmatched data permanence, a new report has claimed. The study also found that the protocol’s impending cost-reduction upgrade renders it an attractive option for long-term projects and investments. SRC20’s Unmatched Data Permanence According […]
https://news.bitcoin.com/study-src20-protocols-unmatched-data-permanence-makes-it-a-superior-choice-over-brc20-and-runes/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining, and Brazil aims to finalize crypto regulations this year. Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over […]
https://news.bitcoin.com/latam-insights-venezuela-seizes-over-11000-bitcoin-miners-paraguay-cracks-down-on-illegal-bitcoin-mining/
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. […]
https://news.bitcoin.com/deadline-looms-for-biden-to-veto-congressional-overturn-of-secs-crypto-rules/
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 […]
https://news.bitcoin.com/hedge-funds-adopt-net-short-positions-on-btc-and-eth-futures-kaiko-analysis-reveals/
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 […]
https://news.bitcoin.com/fdusd-supply-shrinks-by-29-amid-stablecoin-supply-shifts/
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 […]
https://news.bitcoin.com/donald-trump-pledges-to-stop-bidens-anti-crypto-agenda-protect-bitcoin-free-ross-ulbricht/
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 […]
https://news.bitcoin.com/sec-approves-spot-ether-etfs-jim-rickards-predicts-27k-gold-price-and-more-week-in-review/
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 […]
https://news.bitcoin.com/abu-dhabi-regulator-prohibits-cryptocurrency-mining-on-farms-threatens-fines-up-to-2700/
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […]
https://news.bitcoin.com/report-investigation-finds-no-fault-with-sullivan-cromwell-in-ftx-bankruptcy/