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Cryptocurrency News

Location American Cryptocurrency News for 26 May 2024
​​Spot Ethereum ETF approval 'may be better for Bitcoin' -- Michael Saylor The approval of spot Ether ETFs brings in "another line of defense for Bitcoin," argues MicroStrategy founder Michael Saylor.
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Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more...
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Trump promises to release Silk Road founder Ross Ulbricht if re-elected Former United States President Donald Trump vows to free Silk Road founder Ross Ulbricht if re-elected.
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Expert Says Peer-to-Peer Nature of Crypto Activity Renders China's Ban Ineffective Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head...
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Mad Money's Jim Cramer Endorses Ether as 'Great Store of Value' Amid US Dollar Concerns Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due t...
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Deadline Looms for Biden to Veto Congressional Overturn of SEC's Crypto Rules The deadline for President Joe Biden to decide whether to veto or sign a resolution overturning the U.S. Securities and Exchange Commission (SEC)’s controversial crypto rules is approaching. The resolution passed both ...
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Brazilian CBDC Pilot Postponed to 2025 Due to Inefficiency of Privacy Solutions The Central Bank of Brazil announced the postponement of the completion of the drex pilot, the Brazilian CBDC, due to the inefficiency of the privacy solutions presented for the project so far. The pilot will have a new ...
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Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals In a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market...
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Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would dis...
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Ethereum ETF Greenlight Signals Path for More Crypto Investment Funds: TD Cowen The recent approval of Ethereum ETFs has opened the doors for more crypto investment products, according to research from TD Cowen's Washington Research Group. The post Ethereum ETF Greenlight Signals Path for More Crypt...
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Despite Ethereum ETF Approvals, 'Altcoin Season' Remains Far Off While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases ove...
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TRUMP Coin Taps All-Time High, Up Over 30% in 24 Hours Post-Convention Following former President Donald Trump's appearance at the Libertarian National Convention, the meme coin associated with his name, maga (TRUMP), has soared more than 30% in the past day. Current statistics show that th...
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SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More -- Week in Review The U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satosh...
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Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Job Openings - Will BTC Pump Higher? Over 1,200 job openings announced by leading crypto exchanges like Binance and Coinbase hint at a potential Bitcoin price pump amidst market growth. The post Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Jo...
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Bitcoin analyst sees 'several more weeks' before BTC price breaks $70K Bitcoin may not yet be done consolidating below new all-time highs, with BTC price rejecting above $70,000.
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Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700 The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocu...
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Trump Vows to Pardon Silk Road Creator Ross Ulbricht if Re-Elected Former President Donald Trump has made a promise to grant a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in November's election. The post Trump Vows to Pardon Silk Road Creator Ross...
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Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya's digital infrastructure. Following the m...
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Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued...
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Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam An Indian national has pleaded guilty in the U.S. to wire fraud conspiracy for stealing over $37 million by spoofing crypto exchange Coinbase’s website. He and his co-conspirators created a fake Coinbase Pro site to st...
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Major Crypto Exchanges Announce Over 1,200 Job Openings Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 job openings. Binance leads this hiring surge with 460 roles, followed by...
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Standard Chartered Discusses SEC Approving Spot ETFs for Cryptos Beyond Bitcoin and Ether Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely a 2025 story.” They believe that the SEC approving spot ethereum E...
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