Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidate will likely be pro-cryptocurrency, given that the U.S. Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin (BTC) futures exchange-traded fund (ETF). During an interview at SALT’s Crypto Bahamas conference, Scaramucci told Cointelegraph that he has been bullish…
In 2015, a group of crack blockchain developers unleashed the world’s first blockchain for smart contracts: Ethereum. Their creation now hosts decentralized finance applications worth over $100 billion dollars. But although it’s achieved much success in its seven-year history, Ethereum has become relatively expensive to use and struggled to become scalable. Thus, rival developers have slung their rifles over their…
Luna Foundation Guard, the non-profit organization behind Terra’s UST Stablecoin, has acquired $1.5 billion worth of bitcoin. This purchase makes LFG the second-largest corporate holder of bitcoin, surpassing Tesla.The transaction was facilitated by cryptocurrency prime broker Genesis, and cryptocurrency hedge fund 3AC. Luna Foundation Guard (LFG), a non-profit organization focused on developing the Terra ecosystem, has closed a $1.5 billion…
Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView DXY celebrates as stocks, crypto tumble Data from Cointelegraph Markets Pro and TradingView painted an unsettling picture for hodlers as BTC/USD fell to $36,520 on Bitstamp. Capping losses, which totaled…
Coinbase NFT, the cryptocurrency exchange’s newly launched NFT marketplace, is so far failing to attract users. On its first day, the marketplace, which opened its beta up to the public yesterday, saw less than 150 new users sign up for its platform, according to data from Dune Analytics. That brought the total number of users on Coinbase NFT to 1,112…
Introduction Revenue for bitcoin miners from transaction fees is dropping to record lows, and fierce debates over the importance and long-term effects of this data are raging online. Current fee revenue represents barely 1% of total earnings for miners, a significant drop from the height of the latest bullish market cycle when, in February 2021 for example, fees were over…
During a volatile day of trading, ethereum classic rose to a one-week high earlier in the session, before falling victim to a red wave. AXS also rose today, climbing by over 12% in the day, however, a bearish wave pushed prices lower as the day progressed. Ethereum Classic (ETC) ETC climbed to a one-week high earlier in Thursday’s session, when…
Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff. In a Thursday announcement, Johnson said Bruce Fekrat will be her chief counsel at the CFTC starting on June 1. Fekrat worked as an executive…
In brief DappRadar reports a 45% rise in organic NFT trading volume in April compared to the previous month. Solana NFT trading rose in April, while Moonbirds drove increased Ethereum trading, as well. The NFT market appeared to be on the way back up in early April after a nearly two-month decline across February and March, and now data from…
Turkey released data analyzed by the Turkish Statistical Institute showing 70% CPI annual inflation. Transportation costs suffered the highest annual increase with 105% inflation. The month-over-month data shows a CPI increase of 7.25%. Turkey released inflation data analyzed by the Turkish Statistical Institute showing inflation is at a two-decade high with the consumer-price-index (CPI) rising almost 70%, which is a…
