Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process. Source: https://cointelegraph.com/news/turkish-crypto-bill-5-things-to-know
Month: May 2024
Bitcoin Technical Analysis: Bulls Challenge Upper Resistance
Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-bulls-challenge-upper-resistance/
Bitcoin Sees Modest Gains as Network Processes Its 1 Billionth Transaction
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin began Monday trading above $65,000 for the first time in more than a week. It’s since retraced slightly, but is still 0.5% higher than it…
Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime
The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his […] Source: https://news.bitcoin.com/kenyan-president-requests-bitcoin-miner-marathon-digital-to-review-nations-cryptocurrency-regime/
FTX addresses transferred $8.3M one day before amended proposal deadline
The transfer occurred a day before FTX debtors are set to release a new restructuring plan for the exchange. Source: https://cointelegraph.com/news/ftx-alameda-wallets-transfer-8-3m
Bitcoin Runes reclaims dominance over BTC transactions
Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network. Source: https://cointelegraph.com/news/bitcoin-runes-overtakes-btc-daily-transactions
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
The trade agreements between China and Hong Kong could allow mainland investors to access BTC ETF in Hong Kong. Source: https://cointelegraph.com/news/hong-kong-spot-bitcoin-ether-etfs-mainland-china-investors
Bitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEO
The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents. Source: https://cointelegraph.com/news/bitcoin-privacy-survive-coinjoin-closure
Analysts: Gold Rush In China Is Propping Prices Up
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […] Source: https://news.bitcoin.com/analysts-china-gold-rush-is-propping-prices-up/
Satoshi-era dormant Bitcoin address wakes up after 10 years
According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade. Source: https://cointelegraph.com/news/satoshi-era-dormant-bitcoin-address-awakens-transfers-43-9m