A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents. Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News. The revived program seeks to hand out $500 per month for a period of one year […]

Bitcoin exchange inflows have plummeted to a 10-year low, a surprising development given Bitcoin’s recent all-time high of $74,000. The current low inflows suggest that Bitcoin holders are not rushing to sell their assets, indicating a strong “HODLing” sentiment. Only about 8,400 BTC moved to exchanges recently, a stark contrast to higher historical levels when […]

The supply of new Ether tokens is outpacing burned ETH for the first time since The Merge in 2022. The catalyst is Ether’s recent Dencun upgrade, which has slashed fees to a quarter of their pre-upgrade values. However, this has caused the amount of ETH being burned to plummet. Despite the change in supply tokenomics, […]

… Cryptocurrency. HPD said these scammers will ask for Bitcoin as payment for things such as fixing a virus on your computer or cell phone, deleting …

TL;DR Despite a recent 20% weekly decline, analysts forecast a significant rally for Shiba Inu, driven by positive technical indicators. A sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other elements are seen as bullish signals for its future price. Where is SHIB Headed? The popular meme coin – Shiba Inu (SHIB) – has […]

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has taken action against cryptocurrency exchange Binance, imposing a hefty fine of nearly USD 4.38 million (C$6 million) for violations related to money laundering and terrorist financing laws. Canada Imposes Fines for Money Laundering Violations The regulatory body disclosed that Binance had failed to comply with essential […]

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An analyst has explained why the recent high in Bitcoin has experienced different market conditions than those observed during the 2021 bull run peak. Bitcoin Liquidations Have Been Short-Dominated In Recent Market High In a new post on X, on-chain analyst Checkmate pointed out how the latest 2024 high achieved following the spot exchange-traded fund […]

Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets.

Global trading and technology firm Susquehanna is making massive investments in spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new filing with the U.S. Securities and Exchange Commission (SEC), the company says it bought 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three tranches of $6.3 million, $1.05 billion and $34.77 million for a total […]

One widely followed crypto analyst says Bitcoin (BTC) needs to hold current price levels or face a precipitous drop. Crypto trader Michaël van de Poppe tells his 717,100 followers on the social media platform X that BTC could potentially fall by $10,000 in value if current levels aren’t maintained. “Bitcoin is at the range low. This is technically the area where you’d prefer […]

TL;DR Grayscale’s CEO Michael Sonnenshein remains optimistic about the approval of a spot Ethereum ETF, despite the firm withdrawing its application for an Ethereum futures ETF. The withdrawal is seen as a strategic move to focus on converting Grayscale’s Ethereum Trust into a spot ETF, following the success of their Bitcoin ETF. Amidst the uncertainty of Ethereum’s classification […]

TL;DR Crypto Surge: Robinhood’s crypto trading volumes soared by 224% to $36 billion, driving transaction-based revenue up 59% to $329 million, with a 232% increase in crypto-related revenue to $126 million. Financial Milestones: The company shattered revenue expectations with $618 million reported, significantly higher than the predicted $552.7 million, and earnings per share of $0.18, outperforming the […]

BlockDAG Outpaces Retik Finance Debut with Early Mainnet Launch and Impressive Roadmap Reveal, Presale Surges Beyond $24M  As Retik Finance gears up for its May 21st launch, BlockDAG has swiftly risen to prominence, amassing an impressive $24.3 million in its presale and distributing over 8.7 billion coins, showcasing a potential 4900% growth. BlockDAG has already […]

On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

Prominent Bitcoin advocate Saylor has made smart Bitcoin statement, addressing his X community

Looking at the data, what has happened after the Bitcoin halving in the past? And why broader global liquidity levels are worth paying attention to. Bullish and bearish scenarios for Bitcoin from here. Altcoin analysis: ENA, RNDR After a red month to the end of April and a bounce back at the start of May, […]

OTTAWA – The federal anti-money laundering agency has issued a $6-million fine to cryptocurrency exchange company Binance Holdings Ltd. Fintrac …

Most voters in US swing states think that the financial system is not fair, according to a new survey commissioned by venture capital firm Digital Currency Group (DCG). The Harris Poll surveyed 1,201 registered voters in Michigan, Ohio, Montana, Pennsylvania, Nevada and Arizona to explore the attitude of the electorate towards crypto and the current […]

Tens of millions of dollars worth of the meme asset Dogecoin (DOGE) has left Robinhood Crypto after the firm received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). New data from blockchain-tracking platform Bitcoinsensus reveals that 164 million DOGE worth $25 million was transferred out of Robinhood after the firm’s crypto branch […]

Grayscale’s proposal to list exchange-traded funds (ETF) tied to the price of ether was recently withdrawn, according to a notice by the Securities and Exchange Commission (SEC). NYSE Arca, the platform Grayscale’s ETF would have been listed if approved, withdrew the proposal ahead of an anticipated decision by the regulator on similar applications by asset […]

Bitcoin Beach, in collaboration with Geyser and the Federation of Bitcoin Circular Economies (FBCE), has announced the Bitcoin Beach Grants round, aimed at advancing Bitcoin circular economies globally. This initiative aims to support emerging Bitcoin circular economies seeking growth through local Bitcoin education, merchant adoption, and community initiatives with Bitcoin. 🌎 Exciting News! Introducing a […]

Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend […]

Former SEC commissioner Troy Paredes was not the first to criticize the U.S. financial regulator’s lack of clarity on digital assets.

dogwifhat (WIF) continues to be one of the most talked-about meme coins on the market. Although WIF has struggled recently, many crypto traders still believe it has enormous long-term potential. But what about the newly launched Sealana (SEAL)? WIF Price Analysis – Current Levels & Price Action Let’s kick things off by looking at the […]

The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new assets, including cryptocurrencies, in UCITS funds, which represent a major share of EU retail investments. UCITS, an acronym for Undertakings for Collective Investment in Transferable Securities, is a regulatory framework of the European Union that […]

Vocal Bitcoin advocate Samson Mow issues major tip to Bitcoiners as not only ETFs are consuming BTC now

TL;DR Bitcoin Price: Could reach $200,000 by 2025 due to second Donald Trump administration and US tax changes Geoff Kendrick: Warns of risk of fiscal dominance and debt monetization by the Federal Reserve in the US. Trump’s second term: Could bring favorable regulation for BTC and cryptocurrencies. The price of Bitcoin has been the subject […]

TL;DR Binance fired the head of its surveillance team following its findings that VIP clients were involved in market manipulation. A Wall Street Journal report alleges that Binance ignored internal investigations into market manipulation to preserve relationships with important clients. The internal culture of allowing illicit activities if they benefit the platform has been highlighted […]

Tron TRX has recovered significantly from the recent dip and is now displaying signs of strength. While looking strong, it is set to reclaim its previous high following a reverse bullish formation on the daily chart. While painting bearish scenarios for two months, TRX reaccumulated along the way down and found a solid ground above […]

Cryptocurrency exchange hacks, sophisticated phishing scams, and improperly secured backups are three key avenues through which investors lose access …

A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies. Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go. “We still have room for 500 more green […]