Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback. Source: https://cointelegraph.com/news/price-analysis-5-1-spx-dxy-btc-eth-bnb-xrp-ada-matic-doge-sol
Month: May 2023
AI chatbot usage causes concern among 70% of Japanese adults
A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation. Source: https://cointelegraph.com/public/index.php/news/ai-chatbot-usage-causes-concern-among-70-of-japanese-adults
Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback
Bitcoin (BTC) saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the 10.5% move sounds alarming, resulting in $340 million in leveraged BTC futures contract liquidations. However, from a broader angle, Bitcoin price is up 72% year-to-date in 2023, while the S&P 500 stock market index accumulated 9% gains. BTC price…
LTC Back Under $90.00, as SOL Extends Declines – Market Updates Bitcoin News
Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin (LTC) Litecoin (LTC) was down for a second straight session…
More crypto exchanges list Pepe following trading frenzy
On May 1, cryptocurrency exchange OKX announced that it would be listing meme token Pepe at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote: “Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a…
Tokens but not crypto: Nigeria SEC prepares new digital asset rules
Nigeria’s securities regulator will take at least 10 months to determine whether to register a digital asset-related company. Source: https://cointelegraph.com/public/index.php/news/tokens-but-not-crypto-nigeria-sec-prepares-new-digital-asset-rules
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks – Bitcoin News
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal government. Despite the potential challenges, Munger emphasized that the current situation is not as…
Ethereum layer 2 Starknet outlines performance upgrades
Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum (ETH) ecosystem. Zero-knowledge proofs have been key in the roll-out of a variety of layer 2s, with the technology pioneered by the decentralized scaling network Starknet. StarkWare, the technology firm behind the scaling platform, has outlined…
What the Gensler hearing means for US crypto regulation and policy
Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency. The hearing, with Gensler as the only witness, promised to be unpleasant for the SEC chair, with the federal agency’s actions during Gensler’s leadership since spring 2021 coming under…
Meta SEC filing reveals debt securities offering plans
Tech giant Meta Platforms Inc., the parent company of Facebook, Instagram and WhatApp, submitted a new filing to the United States Securities and Exchange Commission (SEC) for new debt shelf offerings. The big tech company filed the prospectus on May 1 in which it said that it “may, from time to time, offer and sell debt securities in one or…