Browsing:Crypto News

Recent conversations with El Salvador concerning Bitcoin have generated suspicions of Argentina adopting the digital currency.
10 hours ago 1 min read

Argentina’s Bitcoin adoption rumors are exaggerated, says an El Salvador official

Recent conversations with El Salvador concerning Bitcoin have generated suspicions of Argentina adopting the digital currency. Experts say these conversations do not indicate a full move to “Bitcoinization.” Argentina’s conservative banking industry was shaken by late 2023’s pro-Bitcoin presidential election of Javier Milei. Rapid Bitcoin adoption predictions rose. Although the government has authorized BTC payments in certain contracts, they are not complete Bitcoin adoption. Argentina and El Salvador officials met, sparking speculation. Images of banking authorities shaking hands sparked suspicions of Argentina embracing Bitcoin like El Salvador. El Salvador’s National Bitcoin Office said the meeting was a typical digital asset

BlackRock Flips Grayscale
19 hours ago 1 min read

BlackRock Flips Grayscale: Becomes World’s Largest Institutional Holder of Bitcoin

BlackRock, the world’s largest asset manager, has surpassed Grayscale’s Bitcoin Trust (GBTC) in its Bitcoin holdings. BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF launched just three months ago, has accumulated over 288,670 Bitcoins, according to on-chain data. This outpaces GBTC’s holdings, which currently sit at around 287,450 Bitcoins. Rapid Growth for BlackRock’s Bitcoin ETF The rapid growth of IBIT has surprised many analysts. Launched in March 2024, the ETF saw a net inflow of over $1 billion within its first four days of trading. This suggests strong investor demand for a regulated and transparent way to access Bitcoin

TradingView showed BTC below $68,000. The US Memorial Day holiday spike to $70,600 was unrelated to institutional demand for spot Bitcoin exchange-traded funds.
1 day ago 1 min read

BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support

After hitting weekly highs, TradingView showed Bitcoin (BTC) below $68,000. The US Memorial Day holiday spike to $70,600 was unrelated to institutional demand for spot Bitcoin exchange-traded funds. Bitcoin’s current advance lasted just a short time before the market retraced. After $7 billion in BTC left Mt. Gox accounts, volatility increased. “And there is a full retrace of that recent pump as expected,” prominent trader Credible Crypto commented on X (formerly Twitter). Latest CoinGlass data shows liquidity concentrations around spot price, with $67,000 being the closest point of interest. Following the last 24 hours, fellow trader Daan Crypto Trades indicated

Michael Saylor criticizes the SEC's restrictive approach to the crypto industry
2 days ago 2 mins read

Michael Saylor criticizes the SEC’s restrictive approach to the crypto industry

MicroStrategy Chairman Michael Saylor called Bitcoin ETF approvals a turning point. Saylor noted on the “What Bitcoin Did” podcast that these approvals move Bitcoin from a multi-hundred-billion-dollar asset to a ten-to-one hundred-trillion-dollar asset The adoption of spot Bitcoin ETFs was the most significant event of this period, said Saylor. Bitcoin became a 10–100 trillion-dollar asset class at this point. He considers these certifications an important step for Bitcoin’s financial position. Saylor supported the ETF approvals but opposed the SEC’s crypto sector oversight. He said the SEC’s overrestrictiveness had slowed industry development. He continued, “The SEC has been obstructionist and hostile

Caitlyn Jenner's JENNER
2 days ago 2 mins read

Caitlyn Jenner’s JENNER token launch sparks controversy in the crypto community amid hacking suspicions

With her JENNER token launch, former Olympic athlete and Kardashian-Jenner family member Caitlyn Jenner has caused crypto controversy. Her Twitter and Instagram announcement of the token has aroused controversy and skepticism. Skepticism increased when crypto influencer and celebrity hacks before the launch. Jenner promoted the token on social media with videos and remarks from her manager, Sophia Hutchins, confirming its legitimacy. Hutchins emphasized her project management and ensured Jenner’s accounts were safe. Despite promises, distrust persisted. Today has been eventful, and my crypto is real. Jenner said to act quickly if you want in. Jenner was unable to attend a

Uniswap foundation has $41.41 million in cash
2 days ago 1 min read

Uniswap Foundation reveals $41.41M in assets and plans for fund usage ahead of a crucial vote on activating protocol fees

Uniswap Foundation, which supports the decentralized exchange, disclosed its finances before a crucial V3 pool protocol fee vote. The foundation has $41.41 million in cash, stablecoins, and 730,000 UNI tokens as of March 31, 2024. These resources should last till 2025. The Uniswap community will decide on Friday to allow protocol fees. The foundation’s transparency initiatives include this vote. The assets will fund grant obligations and operating expenditures, while UNI tokens reward employees. By 2025, the foundation will give $25.77 million. $2.94 million goes to already committed grants and $12.7 million to operations. Most funding in the first quarter supported

3 days ago 1 min read

This Bitcoin advocate raises concerns about the rising political support for crypto

The rise in governmental support for crypto worries bitcoin supporter Samson Mow. He cautions that this excitement may cause problems without a solid knowledge of Bitcoin’s distinctive qualities. Many lawmakers don’t distinguish between Bitcoin and other crypto, which worries Mow. Bitcoin’s decentralization, permissionlessness, and censorship resistance make it unique. Grouping all digital currencies under ‘crypto’ may lead to bad policy and regulatory choices that don’t meet Bitcoin’s demands. Mow wants Bitcoin-specific rules. Its treatment like other crypto might limit innovation and development. He sees Bitcoin as a new monetary system that might change finance, not simply another crypto. Mow thinks

The SEC's approval of Ethereum spot ETFs has spurred debate over Ether's value and acceptability, particularly among elderly investors.
3 days ago 1 min read

Ethereum ETFs Approved: What Does It Mean for Investors?

The SEC’s approval of Ethereum spot ETFs has spurred debate over Ether’s value and acceptability, particularly among elderly investors. After approval, Bloomberg ETF analyst Eric Balchunas suggested the possibility of Ethereum spot ETFs on X. He said that Ethereum must attract to baby boomer investors aged 60–80. Balchunas suggested a simple message like “Bitcoin is digital gold,” to assist this population grasp Ethereum spot ETFs. Balchunas asked: “Is Ether’s motto clear and effective? If so, what?” This question attracted crypto expert comments. Crypto writer Colin Wu called Ethereum “Web 3.0 internet.” Venture capitalist Adam Cochran said “Ethereum is like digital

Donald Trump vows to ensure that the future of crypto and Bitcoin will be made in the USA
4 days ago 1 min read

Donald Trump vows to ensure that the future of crypto and Bitcoin will be made in the USA

Today, Donald J. Trump tweeted, “I am very positive and open minded to crypto companies and all things related to this new and growing industry,” as both sides in the presidential election appear to be courting pro-crypto voters. “Our country must be the leader in the field, there is no second place,” Trump wrote on Truth Social before speaking at the Libertarian National Convention in Washington, D.C., today. On the other hand, “Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death.” Since Trump has

Coinbase's legal battle with the SEC has taken another turn
4 days ago 1 min read

Coinbase battles the US SEC in a landmark legal case

Coinbase’s legal battle with the SEC has taken another turn. Coinbase replied to the SEC’s petition against their interlocutory appeal, a crucial milestone in this high-stakes regulatory issue. Coinbase asked the US court on April 12 whether an investment contract may exist without post-sale responsibilities. The exchange deems this a “controlling question of law” in their SEC dispute. The SEC argued that the Howey Test in securities regulation has long been sufficient, thus the court need not certify this appeal. According to the SEC, no court has required a post-sale contract under this standard. Coinbase claimed in a May 24

The SEC's approval of spot Ethereum ETFs is set to spark significant institutional demand
4 days ago 1 min read

The SEC’s approval of spot Ethereum ETFs is set to spark significant institutional demand

Institutional demand for Ethereum is anticipated to rise after the SEC approved spot Ethereum ETFs. Crypto whales are driving large-volume Ethereum transactions, according to on-chain statistics. Analysts expect these changes to cause a demand shock, affecting Ethereum market dynamics. Newly authorized ETFs may reduce supply for the second-largest cryptocurrency by market valuation. Only 12.78 million ETH, 11% of the entire supply, is accessible on controlled exchanges, an eight-year low. Investors are withdrawing ETH from exchanges as institutional demand rises, analysts say. Declining exchange balances usually indicates that investors anticipate prices to rise and will not sell soon. This week, the

Despite the global crypto market falling, Dogecoin (DOGE) trade volume has increased by over 35.67% since early trading hours.
5 days ago 1 min read

Dogecoin’s trading volume surges by over 35% in the past 24 hours

Despite the global crypto market falling, Dogecoin (DOGE) trade volume has increased by over 35.67% since early trading hours. Dogecoin’s price rose 10.5% from $0.1562 to $0.1727 because to this volume surge. After the spot Ethereum ETF launched, crypto market mood became optimistic. After the initial enthusiasm, major crypto have declined to their typical levels. In this context, Dogecoin is bullish. Will bulls maintain DOGE hype? The death of Kabosu, the Shiba Inu that inspired the Dogecoin joke, caused short price surges. Dogecoin, the biggest meme currency by market cap, was created in December 2013 from a popular meme from