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Cryptocurrency News

Location American Cryptocurrency News for 11 May 2024
Senate Urged to Swiftly Overturn SEC's 'Misguided' Crypto Rules Following the U.S. House of Representatives passing a resolution to overturn the SEC's Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent r...
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Bitcoin Meal Box: South Korean Convenience Store Chain Partners With Crypto Exchange to Promote BTC Emart24, South Korea’s fastest-growing convenience store chain, has partnered with cryptocurrency exchange Bithumb to introduce a “bitcoin meal box” in a promotional campaign. Priced at 5,900 Korean won ($4.30) eac...
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Bitcoin Price Prediction as BTC Hits $60k After FED's Rate Cut Comments - What's Next? As Federal Reserve Governor Michelle Bowman hints at no need for rate cuts, Bitcoin faces resistance near $60k--what will sway its next move? The post Bitcoin Price Prediction as BTC Hits $60k After FED’s Rate Cut Comm...
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Peter Schiff: Gold, Silver 'Ready to Explode Higher' -- Sees 'Biggest Precious Metals Bull Market in History' Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,”...
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SEC, Ripple case nears conclusion, Grayscale withdraws ETF filing, and more: Hodler's Digest, May 5-11 SEC files final response in its case against Ripple, Grayscale withdraws futures ETH ETF filing, and dormant BTC wallet wakes up after 10 years.
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Billionaire Mark Cuban Warns Gensler's SEC Crypto Policies Could Cost Biden the Election Billionaire Mark Cuban has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s handling of crypto regulations, suggesting it could harm Biden’s election chances. “Gensler has not protected...
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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regu...
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US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money laundering r...
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SEC Opposes Coinbase's Appeal Request in Ongoing Legal Battle The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency pla...
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Solana's Defi Landscape to Shift With Marginfi's Introduction of YBX Stablecoin The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an altern...
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Erik Voorhees, ShapeShift Founder, Unveils Privacy-Focused AI Platform 'Venice' Erik Voorhees, the founder of popular cryptocurrency exchange ShapeShift, has unveiled his latest venture called "Venice AI." The post Erik Voorhees, ShapeShift Founder, Unveils Privacy-Focused AI Platform ‘Venice’ a...
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Trump's Pro-Crypto Bluster at NFT Gala Lacked Policy Substance At the Mar-a-Lago gala, Trump courted a constituency Biden has thoroughly snubbed - even if the GOP candidate isn't exactly fluent in crypto policy.
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Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, ...
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Crypto Exchanges Helping Brazilian Flood Victims

Bitcoin.com - 11 May 2024 18:20
Crypto Exchanges Helping Brazilian Flood Victims Several cryptocurrency firms are stepping up to support flood victims in Southern Brazil. For example, Okx has partnered with Brazilian cryptocurrency exchange Foxbit to match donations of up to $10,000 to the “Ajude o...
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Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day g...
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NFT Sales See Week-Over-Week Decline as Market Continues to Cool Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decr...
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Bitcoin halving 'danger zone' has 2 days left with BTC price retesting $60K Bitcoin has almost completed its prime BTC price drawdown phase after April's halving, the latest analysis confirms.
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Bitcoin Miner Cleanspark's Net Income Tops $126.7 Million in 'Record-Breaking' Quarter In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. V...
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EigenLayer Launches EIGEN Token Airdrop, Tokens Remain Non-Transferable Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an "airdrop," for Season 1, Phase 1 rewards. The post EigenLayer Launches EIGEN Token Airdrop, Tokens Remain Non-Trans...
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IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in th...
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Coingecko Study: Low-Float Cryptocurrencies Make up 21.3% of Top 300 by Market Capitalization According to the findings of a Coingecko study, low-float cryptos currently account for 21.3% of the top 300 cryptos by market capitalization. The four cryptos with the lowest float are worldcoin (WLD), cheelee (CHEEL), ...
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Wells Fargo Holds Spot Bitcoin ETFs, Reveals SEC Filing of Grayscale Shares Wells Fargo, a major US banking entity, is now storing a spot bitcoin ETF for its customers, as revealed in a new SEC filing, holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was recently converted into ...
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