Top Stories This Week Hyperbitcoinization coming, says Bitcoin OG as ‘wholecoiners’ hit 1 million Bitcoin has crossed a significant threshold this month — there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin “wholecoiners.” If the trend continues, Bitcoin price escalation could soon…
With the launch of its new “Phygital” Toy Collection & Experience on e-commerce giant Amazon, the popular NFT collection Pudgy Penguins saw explosive interest and sales. According to project CEO Luca Netz, Pudgy Penguins saw over $500,000 in purchases over the first two days, surpassing 20,000 individual toys sold. Across several Twitter Spaces yesterday, Netz said the team’s thesis is…
Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over $4.5 billion from banks in the first quarter to reduce counterparty risk following Circle’s troubles during the collapse of Silicon Valley Bank. The past few days also…
The prices of Bitcoin and Ethereum remained flat for the third week running as the United States Securities and Exchange Commission (SEC) showed no signs of conceding ground over its claim to being the industry’s lead regulator. Bitcoin (BTC) added a modest 0.3% to its value over the last seven days and currently trades at $27,110.29. Likewise, Ethereum (ETH) only…
As the hype around Bitcoin (BTC) has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a “serious venue” to invest in, claims Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer. In an interview with Cointelegraph during the Bitcoin 2023, Pye spoke about Canada’s advanced regulation for crypto trading, and how it has…
Entrepreneur Gary Vaynerchuk’s annual VeeCon conference is underway this week, and the core mix looks familiar: panels and interviews featuring notable celebs, creators, and business leaders paired with concerts and activities, all set within a Midwestern NFL stadium. But this year’s move from Minneapolis to Indianapolis comes with another change, Vaynerchuk told Decrypt: an expanding focus that’s less centered on…
In the latest Cointelegraph Report, we assessed the risk of a possible debt default in the U.S., and the impact of the debt ceiling crisis on crypto and the bro… Source: https://cointelegraph.com/app/public/index.php/news/u-s-debt-ceiling-crisis-bullish-or-bearish-for-bitcoin
Gary Vee Discusses the Rise and Impact of AI During VeeCon 2023, entrepreneur spoke with Decrypt’s Andrew Hayward about the rise of AI tools, what excites him about the technology, and what kind of impact he thinks it will have on creators and business. Source: https://decrypt.co/videos/interviews/E2erJr3t/gary-vee-discusses-the-rise-and-impact-of-ai
Latam Gateway, the payment provider for Binance in Brazil, has been granted a license by the country’s central bank to operate as a payment institution and electronic money issuer on May 19, according to local media reports. Brazil is among Binance’s top global markets, the exchange said in a previous announcement. Latam Gateway helps foreign companies to operate in Brazil…
Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Powell leaves market with “tons of uncertainty” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000. The pair had seen brief volatility after Jerome Powell, Chair of the…
