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Cryptocurrency News

Location American Cryptocurrency News for 7 May 2023
Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital as Concerns Over US Banking Crisis Grow The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. "Rising interest rates are creating significant unrealized losses in...
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Lawyer Expects SEC to Lose if It Sues Coinbase Due to 'Fatal Flaw' of Gary Gensler's Own Making A lawyer has explained why the U.S. Securities and Exchange Commission (SEC) will likely lose if the regulator takes crypto exchange Coinbase to court over alleged securities law violations. "The problem is entirely of G...
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Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem Billionaire Bill Ackman has warned that "We are running out of time" to fix the problem that led to the collapses of regional banks. "How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Trea...
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Bitcoin Price Prediction as Market Volatility Sends BTC toward $28,000 Support - When is the Next Leg Up? As market volatility shakes the crypto world, Bitcoin's price appears to be heading toward the $28,000 support level, leaving investors and traders wondering when the next leg up will materialize. In this Bitcoin price p...
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Louisiana Senator Compares Modern Banks to 'Sophisticated Ponzi Schemes' Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary ...
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Bitcoin Network Congestion Causes Binance to Pause Withdrawals The world's biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.
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5 cryptocurrencies with the best upside potential in the week ahead Bitcoin and Ethereum's ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL.
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Binance closes BTC withdrawals amid congestion on the Bitcoin network Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7.
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Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulte...
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Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts -- Week in Review Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the worl...
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AiDoge.com Meme Coin Presale Raises $2.5 Million, The Next PEPE Coin, TURBO or $SPONGE? Sunday May 7th 2023 - AI coin mania is rocketing as AiDoge.com raises $2.5 million while blasting through its presale stages. In the past 48 hours $1 million has poured into meme-generating platform AiDoge ($AI). Investo...
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Beating Pepe, SpongeBob on CEXs Quicker - LBank Exchange Listing Confirmed Today After Price Pumps 1,000% in 3 Days Sunday May 7th 2023 - Exploding meme coin $SPONGE launches today on the LBank centralized exchange (CEX) at UTC +8, Sunday May 7th. Hong Kong-based LBank is the 16th-ranked exchange globally according to CoinMarketCap wi...
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Digital Assets for 1 Billion Rubles Issued in Russia in a Month Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with n...
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Bitcoin Price & Ethereum Prediction: BTC & ETH Dip by 3% - Anticipating the Week Ahead in Crypto Market The cryptocurrency market has experienced a slight setback as both Bitcoin (BTC) and Ethereum (ETH) witnessed a dip of nearly 3% in their prices. As the week unfolds, investors and traders are keenly observing the market...
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Binance Reportedly Investigated in US for Russia Sanctions Violations Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to ...
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Bitcoin Provides Insurance Against Fiat Currency Failure, Says Validus Power Corp.'s Greg Foss On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for...
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Stripe tackles 'cold start problem' with the launch of fiat-to-crypto onramp Web3 companies can utilize the Stripe-hosted fiat-to-crypto onramp to allow their customers to buy crypto at the "precise moment they need it."
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