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Cryptocurrency News

Location American Cryptocurrency News for 12 May 2024
Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, whic...
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Bitcoin repeats '2016 history perfectly' amid $350K price prediction -- Traders Bitcoin's price chart is resembling that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders.
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Veteran Trader Peter Brandt Warns of SEC's Full-Scale Assault on Crypto Staking -- 'It's Going to Be a Bloodbath' Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warne...
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Bitcoin trades sideways while TON, RNDR, PEPE and AR flash bullish signs Bitcoin price looks stuck in the near term, but TON, RNDR, PEPE and AR could surprise traders by making a strong upside move.
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Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the...
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Bitcoin's 'Existential' Challenge: Core Developer Warns of a New Era of Internal Struggles Bitcoin faces a pivotal period that echoes the past block size wars, according to Bitcoin Core contributor Matt Corallo. In a recent blog post, Corallo examines the ongoing struggles within the Bitcoin community that cou...
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Kraken Challenges SEC Overreach in Recent Court Filing In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court docum...
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279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a co...
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Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%...
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Shiba Inu Price Prediction as SHIB Spikes Up 1.7% in 24 Hours - $1 SHIB Possible Soon? With a significant 338% increase in token burns this week, Shiba Inu intensifies efforts to reduce supply and enhance its value, fueling speculative growth forecasts. The post Shiba Inu Price Prediction as SHIB Spikes Up...
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Bitcoin Whale From 2013 Resurfaces, Moves Over 1,000 BTC Worth $61 Million On May 12, as bitcoin hovered slightly above the $61,000 mark, two dormant bitcoin wallets, inactive for over ten years and eight months, executed transactions totaling 1,000 bitcoins valued at approximately $61.1 millio...
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Bitcoin Price Prediction as Bulls Defend $61,000 Level - Here are Key Levels to Watch Next As Bitcoin defends the key $61,000 level, technical indicators suggest mixed signals, with immediate resistance and support levels closely watched by traders. The post Bitcoin Price Prediction as Bulls Defend $61,000 Lev...
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Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily...
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments ...
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Kiyosaki's Crash Survival Rules, Snowden Warns Bitcoin Devs, and More -- Week in Review Robert Kiyosaki warns of an impending severe market crash and advises investing in assets like bitcoin, gold, and silver. Edward Snowden has issued a stern warning to Bitcoin developers, urging them to enhance privacy fe...
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Runes protocol sees significant decline in activity

Coin Telegraph - 12 May 2024 14:02
Runes protocol sees significant decline in activity Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline.
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Match Systems Announces Recovery of $68 Million in Stolen Cryptex Crypto Assets Match Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of $68 million in stolen crypto assets from Cryptex, ...
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Openai CEO Sam Altman Believes Processing Power Might Be the New UBI Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-i...
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Victim Recovers Funds After $71 Million 'Address Poisoning' Attack - Here's What Happened A victim who fell prey to a sophisticated 'address poisoning' attack has successfully recovered almost all of the stolen funds, amounting to a staggering $71 million. The post Victim Recovers Funds After $71 Million ‘A...
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Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms Stakeholders in Nigeria's cryptocurrency sector argue that the Central Bank of Nigeria's previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto tradin...
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Bank of Canada Governor Warns of 'Sharp Correction' Risks in Markets and 'System-Wide Stress' In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while cautioning against ongoing ris...
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Is the altcoin market set for an 'explosive rally?' Analysts eye these 3 indicators Although the altcoin market cap has declined nearly 20% over the past month, traders remain bullish, anticipating that an "explosive rally" phase is yet to come.
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