WikiLeaks co-founder Julian Assange has received a $500,000 bitcoin {{BTC}} donation to cover the cost of a private jet that flew him out of the UK after he reached a plea deal with the U.S. Department of Justice (DOJ).
The protocol is currently focused on bridging the liquidity gaps between different Ethereum layer-solutions.
The post Top 4 Altcoins With Upward Breakout Potential appeared first on Coinpedia Fintech News
Since the Bitcoin price started correcting from $70K to $66K a week ago, then $65K to the current price of $61,172, the overall momentum has faded. Despite this, some altcoins this week have been resilient to the trend and made notable profits. This mid-volatile environment has historically proven to be a point for potential altcoins …
The post Coinbase Sues SEC and FDIC, Demands Transparency in Crypto Regulations appeared first on Coinpedia Fintech News
In a move that could shake everything up, Coinbase has launched lawsuits against two powerful federal agencies—the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). Coinbase’s Chief Legal Officer, Paul Grewal, took to social media to announce the filings, which aim to pry loose crucial information held by these agencies. …
VanEck has filed for the first Solana ETF in the US, aiming to provide regulated investment access to Solana's blockchain technology.
The post VanEck files for the first Solana ETF in the US, calls SOL a commodity appeared first on Crypto Briefing.
The Dfinity Foundation’s new platform, Utopia, promises enhanced security and sovereignty for government and enterprise cloud infrastructures.
The post Bitcoin Braces for Impact! Mt. Gox Payouts Threaten July Sell-Off appeared first on Coinpedia Fintech News
Bitcoin (BTC) has hit a roadblock in its bullish journey of 2024, facing setbacks fueled by reversing flows into spot BTC ETFs. The recent trend suggests a bearish trend as over 140,000 Bitcoins are set to flood the market, amplifying the ongoing sell-off concerns triggered by the Mt. Gox antiquated Bitcoin sell-off. Here’s the story. …
Coinbase's lawsuits target the SEC and FDIC for alleged non-compliance with FOIA requests regarding Ethereum's PoS transition.
The post After a 45% Drop in June, Here’s What Awaited for Ethena (ENA) Price Rally in Q3 2024 appeared first on Coinpedia Fintech News
The crypto markets are recovering after a brief bloodshed and hence the popular tokens, which were experiencing huge attention, have resumed their bullish streak. One among them is Ethena, a synthetic dollar protocol on Ethereum, which seems to be gearing up for fresh bullish action as the year’s first half is about to end. The …
Coinbase has taken a bold step in its ongoing struggle with financial regulators. As Fox Business reported, the company has filed lawsuits against both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a Washington, DC district court, seeking access to internal documents related to crypto regulation. According to Fox […]
The post Coinbase sues SEC in ‘reverse UNO’ move on crypto transparency – reports appeared first on CryptoSlate.
"This is no way to regulate. And this is no way to operate a transparent government," said Coinbase's Paul Grewal.
Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation, retaining a substantial 213,546 BTC in its reserves. Why This Is Bullish For Bitcoin (Long-Term) Travis Kling, founder of Ikigai Asset Management, remarked on the synchronicity of these events. “All at the same time—US Govt selling seized Silk Road Bitcoin, US Govt selling seized Banmeet Singh BTC, German Govt selling seized Movie2k BTC, Mt Gox distributing BTC after a decade. Interesting… I can’t help but look at all these actions and wonder about some kind of coordination/underlying intention,” Kling stated via X. Related Reading: Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach? Despite concerns that these sales could pressure Bitcoin prices, experts argue that the impact on the market is likely minimal. Ki Young Ju, CEO of CryptoQuant, countered the prevalent fear, uncertainty, and doubt (FUD). He noted, “US gov’t sold 4K Bitcoin today, but it’s less likely to impact the market. Coinbase Prime handled 20-49K BTC in sell-side liquidity daily during high spot ETF inflows and 6-15K daily during low spot ETF inflows. Posting this because I’m tired of ‘gov’t selling’ FUDs,” as shared via X. Crypto analyst Skew (@52kskew) provided insights into how these transactions typically occur, “US Gov sent 3.94K BTC to Coinbase Prime to be handled by Coinbase Institutional. There’s typically two options here: OTC desks can auction off the BTC to clients (off-market buyers), or an open market auction (sold over time on the market).” Skew’s explanation makes it clear that the impact on the price is likely to be rather small. Adam Cochran, managing partner at CEHV, highlighted the resilience of Bitcoin in light of multiple bearish catalysts, “Also with US Gov FUD, Mt Gox FUD, most major airdrops finished, markets down, Nvidia off highs, BTC has had every reason to go lower, and it’s still mostly held $60k. Negative news struggling to make a dent.” Will Gold’s History Repeat Itself For BTC? Echoing a historically bullish sentiment, Alistar Milne, CIO of Altana Digital, drew parallels to past government sales of assets, “Government selling is bullish. Gordon Brown famously sold the UK’s Gold reserves for less than $300/ounce. One of the worst decisions made by a Chancellor of the Exchequer, ever. Germany & America are making far worse mistakes by selling seized BTC now. They can only sell once.” Government selling is bullish Gordon Brown famously sold the UK’s Gold reserves for less than $300/ounce. One of the worst decisions made by a Chancellor of the Exchequer, ever Germany & America are making far worse mistakes by selling seized BTC now. They can only sell once pic.twitter.com/i0rZMpuiS0 — Alistair Milne (@alistairmilne) June 26, 2024 For context, during his tenure as Chancellor of the Exchequer from 1997 to 2007, Gordon Brown made the decision to sell approximately 60% of the UK’s gold reserves between 1999 and 2002, a period known as the “Brown Bottom.” Related Reading: Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles The sales were conducted in a series of auctions at prices that ranged between $256 and $296 per ounce—significantly below the gold price in subsequent years, which saw a substantial rise. This action is widely regarded as a financial misstep that cost the UK treasury billions in potential revenue, as gold prices surged to over $1,500 per ounce in the following decades. Moreover, there’s another bullish aspect to this. The finalization of these BTC sales could remove a significant overhang on the market as these sales are hanging above the market like a Damocles sword; once done, there’s a major downside risk for the market forever eliminated, better early than late. At press time, BTC traded at $61,117. Featured image created with DALL·E, chart from TradingView.com
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.
Coinbase sues SEC and FDIC to obtain crucial documents on crypto regulation, seeking transparency and fair treatment in the industry.
The post Coinbase sues SEC and FDIC for crypto regulatory clarity appeared first on Crypto Briefing.
The elusive “Crypto Queen” Ruja Ignatova, mastermind behind the infamous OneCoin scam, remains a thorn in the side of law enforcement despite a significant bump in the reward for her capture. The US State Department upped the ante to a staggering $5 million this week, the latest move in a years-long chase that has captivated […]
Toshiuki Otsuka, who founded a snap-to-earn platform, strongly opposed the narrative and argued that NFTs are "evolving."
The post US Government Moves 3940 BTC Worth 240M To An Exchange appeared first on Coinpedia Fintech News
The US government has reportedly moved 3,940 Bitcoins to an exchange on June 26 leading to a sell-off speculation. The Bitcoins were seized from drug trafficker Banmeet Singh worth around $240 million. The tokens were moved from the US government’s wallet which approximately holds $13.4 billion worth of crypto, to Coinbase Prime. The US government …
Bipartisan crypto support within the US government is increasing, with significant implications for the future of crypto regulation and policy. While Republicans still dominate the pro-crypto side of the aisle, the negative sentiment toward the industry appears to be deflating. In total, 310 US politicians strongly support the crypto industry, while only 41 are firmly […]
The post Just 41 US politicians now ‘strongly against’ crypto with 310 ‘strongly supportive’ appeared first on CryptoSlate.
The post State Street and Galaxy Partner to Launch Crypto-Focused ETFs appeared first on Coinpedia Fintech News
State Street Global Advisors and Galaxy Asset Management are joining forces to launch ETFs targeting crypto companies, aiming to meet rising investor demand. Can this move impact the future of the crypto ETF? Read on to learn more! New Crypto ETFs to Target Crypto Companies State Street Global Advisors, a major player in the investment …
The post Crypto Losses To Hit $25B Next Year Due To Deepfake: Bitget appeared first on Coinpedia Fintech News
According to Bitget Research’s latest findings, there is a staggering rise in cryptocurrency losses due to deepfake technology which is set to exceed $25 billion next year. The report highlighted a 245% surge in global deep fakes this year alone. The crypto sector saw a 217% increase in losses due to deepfakes in Q1 2024, …
The post Bitcoin Price $61K Struggle: Will July Bring a Rebound? appeared first on Coinpedia Fintech News
The increased crypto pessimism in the past few weeks has put Bitcoin (BTC) price in limbo. The flagship coin has continued to hover around $61k as crypto investors anticipate a possible price rebound in July. Moreover, Bitcoin price is likely to close in June in a red candlestick amid heightened selling pressure. Is the Midterm …
The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The exchange says it has already more than $25 billion in trading volume since inception, with more than $1 million in revenue.
RariMe makes many of the same claims as its competitor, Worldcoin—but says it can verify your identity and age without scanning your eyeball.
Cardano (ADA) is currently experiencing a downward trend, with its price approaching the crucial support level of $0.3389. The cryptocurrency market has been under significant bearish pressure, and ADA is no exception. This decline is fueled by a mix of macroeconomic factors, market sentiment, and technical indicators pointing to continued weakness. As Cardano nears this critical support level, investors and traders are closely monitoring its performance to determine if it can hold the line or if further declines are imminent. The $0.3389 level is now a key focus for the market, potentially shaping ADA’s short-term future. With the help of technical indicators, this analysis focuses on analyzing Cardano’s current price action and its impact on the asset’s future focusing on the 4-hour and the 1-day timeframe. Presently, the market capitalization of Cardano is over $13 billion, with a trading volume of over $252 million. The cryptocurrency price is currently down by 2.94%, trading at roughly $0.3786. Despite a 2.91% decrease in market capitalization, there has been a 10.38% increase in trading volume in the past day. Review Of Recent Market Performance Of Cardano Currently, the price of ÀDA is actively bearish trading below the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. Due to this Cardano is beginning to decline towards the $0.3389 support after a failed upward attempt. With this current price action, it can be suggested that ADA’s bearish trend may likely extend. Also, the Relative Strength Index (RSI) confirms that the price of ADA may extend its decline toward the $0.3389 support zone as the signal line of the indicator has dropped below 50% and is heading towards the oversold zone. Meanwhile, on the 1-day chart, ADA’s price is trading below the 100-day SMA dropping towards the $0.3389 support level with strong bearish momentum after short-term upward recovering. Additionally, with the formation of the 1-day RSI, it can be suggested that Cardano poses more of a threat to extending its decline as the signal line of the indicator is actively trending below 50% attempting to make another drop towards the oversold zone. Strategies For Navigating ADA’s Decline An analysis of potential key levels to look out for reveals that ADA’s price may continue to move downward toward the $0.3389 support level. Should the crypto asset break below this level, it may move lower to test the $0.2388 support level and probably move on to test other lower levels if the price breaches this level. However, if there is a rejection at the $0.3389 support level, Cardano may start moving upward toward the $0.5229 resistance level. If this level is breached, the crypto asset may experience more price growth toward the $0.6822 resistance level and possibly other levels above. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin miner Marathon Digital is diversifying its revenue by mining Kaspa, a proof-of-work (PoW) layer 1 blockchain network. The miner said it became interested in Kaspa in May 2023 when its internal analysis revealed diversifying opportunities beyond Bitcoin mining. The company deployed its first Kaspa mining machine in September 2023. Since then, Marathon Digital has […]
The post Marathon Digital diversifies revenue by mining Kaspa, aims for 16% global hash rate appeared first on CryptoSlate.
The TON Foundation-backed Adsgram platform differs from previously available Telegram advertising tools by allowing developers to earn money from ads in mini-apps.
The decade-old blockchain's development plan, which goes out through 2026, calls for splitting off transaction execution into a separate "canonical rollup" that would support multiple programming languages.
In an advisory to his wide range of followers, Robert Kiyosaki, financial educator, and acclaimed author, has urged investors to hold on as Bitcoin prepares for what he terms as a trip into the “Banana Zone.” This phrase refers to a sharp and sudden increase in the price of Bitcoin, which Kiyosaki thinks is going […]