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Cryptocurrency News

Location American Cryptocurrency News for 2 May 2023
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1 U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt "as early as June 1, if Congress does not raise or suspend the debt limit before that time." Yellen...
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MicroStrategy's Bitcoin conviction 'strong' as it posts Q1 profit A one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023.
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BTC price may need a $24.4K dip as Bitcoin speculators stay in profit Bitcoin short-term holders are slowly seeing profits evaporate as BTC price action trends lower, but more downside could be next.
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Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.
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Can the Bitcoin (BTC) Price Snap its Recent Run of Ugly May Returns? Since 2011, Bitcoin (BTC) has posted an average return of 18.3% in May, according to data presented by bitcoinmonthlyreturn.com. However, two of the worst three Mays in Bitcoin's history have come in the last two years. ...
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Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will enable institutional users outside of the United Sta...
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Bitcoin Price Prediction as MicroStrategy Reports Profit Related to Bitcoin Holdings - Will Michael Saylor Buy More Bitcoin? In this Bitcoin price prediction, we explore the impact of MicroStrategy's recent announcement of profits related to its Bitcoin holdings on its value. We also ponder whether the company's CEO, Michael Saylor, will consi...
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Crypto.com Unveils Amy: An AI-Powered Companion for Crypto Enthusiasts This year, the world has witnessed a surge in the popularity of artificial intelligence (AI) software, with a plethora of cutting-edge platforms such as Openai’s Chatgpt 3.5, Chatgpt 4.0, DALL-E, Stable Diffusion, and ...
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Interest rate hike speculation triggers outflows from crypto investment products: Report According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3.
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Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol - How Does it Work? The NFT marketplace Blur on Monday launched a new NFT-focused lending platform that operates without expirations and with no external price oracles like other lending platforms rely on....
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NFT Collection Goblintown Will Prioritize the 'Worst' Traders in Second Season Mint Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the memecoin PEPE.
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XRP Price Prediction as Rumors Emerge Regarding Secret Meetings Between SEC and Ripple - What's Going On? The price of XRP, the cryptocurrency that powers the XRP Ledger created by US fintech company Ripple, continues to be lower on Tuesday. Despite rumors circulating on social media that Ripple and the SEC are to hold an un...
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Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U...
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What is the wash-sale rule, and does it apply to crypto? The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days.
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Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This stagg...
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Binance Faces ChatGPT-Powered Smear Campaign Linking Founder to Chinese Communist Party - Here's the Latest Binance has become a victim of a smear campaign by an AI-powered chatbot that spreads false information regarding its founder Changpeng Zhao (CZ) and his supposed affiliation with the Chinese Communist Party. Binance has...
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Biggest Movers: DOT Drops to 6-Week Low on Tuesday Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today's session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today...
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Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex The spike triggered a series of liquidations on the exchange.
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Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders' OPNX Reprimanded by Dubai Regulator Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news.__________...
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Sports Illustrated Launches NFT Ticketing Platform on Polygon Sports Illustrated's ticketing marketplace SI Tickets has developed "Box Office" in partnership with Ethereum software company ConsenSys.
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FTX Investor Temasek Bets $10 Million On New Scalable Algorithmic Currency - Here's How It Works Temasek, a Singapore government-owned firm, is doubling down on its crypto investment strategy with a $10 million injection into Array, a new scalable algorithmic currency that utilizes artificial intelligence and smart ...
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Morgan Stanley Strategist Warns of Equities Sell-Off in Response to 'Hawkish' Fed Message On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. F...
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