Bitcoin (BTC) bulls may only need a pair of simple moving averages (SMAs) to determine if the bottom is in this halving cycle. In a Twitter thread on June 2, Checkmate, lead on-chain analyst at crypto analytics firm Glassnode, flagged the Investor Tool metric hitting “buy the dip” territory. “Generational zone” enters for Bitcoin’s Investor Tool The Investor Tool is…
Gemini, the Winklevoss-owned cryptocurrency exchange based in New York, is being sued by the CFTC.The lawsuit alleges that Gemini misled the regulator in conversations concerning the launch of bitcoin futures contracts. Gemini looks forward to “definitively proving” the allegations to be false. The Commodities Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini Trust Company LLC for “making false or…
The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents, violating the Commodity Exchange Act and other regulations. The agency…
As the company continues its push into the U.S. market, Luxembourg-based Bitstamp is set to introduce its Bitstamp Earn product to American investors. The product, which is already available to Bitstamp’s non-U.S. customers, is meant to be a turn-key Ethereum (ETH) and Algorand (ALGO) staking solution. Investors fund their Bistamp accounts and then collect staking rewards. For its part, Bitstamp…
It’s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins. When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin’s consolidation phases and this typically leads…
In brief Crypto exchange Binance will sponsor musician The Weeknd’s upcoming world tour. The partnership will feature multiple NFT initiatives, as well as a $2M donation to the artist’s XO Humanitarian Fund. Popular musician The Weeknd first dove into the NFT scene early last year as the market was heating up, and he’s continued to make moves since then. The…
The websites of several ministries of Belarus have allegedly been taken down in a new attack, part of the cyberwar Anonymous is waging to help Ukraine. The hacking group declared it’s targeting the Belarusian government for its complicity in the Russian invasion of the neighboring country. Several Government Sites in Belarus Taken Offline by Anonymous The websites of the Belarusian…
This short-term decline in investments can be correlated to the recent market correction, which made Bitcoin (BTC) and other major cryptocurrencies lose 50% or more of their value. According to new data released by Dove Metrics, total venture capital investment in crypto declined 38.2% over the past month, from $6.8 billion in April to $4.7 billion in May, while surging…
Ethereum founder Vitalik Buterin appeared to muse on, if not directly respond to, an open letter from tech professionals urging lawmakers in Washington to be wary of crypto. The letter he was responding to, published Wednesday, was signed by 26 computer scientists from American tech giants including Facebook, Amazon, Apple, Netflix and Google. It asked policymakers to question the narrative…
Kenya’s largest producer of electricity intends to deliver excess geothermal energy to bitcoin miners. Geothermal energy in the region is estimated to be above 14,000 MW with 10,000 MW located along the Rift Valley circuit.Over 80% of KenGen’s power is renewable energy, but it does not openly disclose excess capacity. KenGen (Kenya Electricity Generating Company PLC), the leading supplier of…
