Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000. Source: https://cointelegraph.com/news/bitcoin-price-correction-common-56k-lows-hold-peter-brandt
Month: May 2024
Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends
A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger […] Source: https://news.bitcoin.com/fidelity-digital-assets-study-bitcoins-volatility-declines-as-it-grows-echoing-historical-asset-trends/
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. Source: https://cointelegraph.com/news/binance-safu-fund-usdc-security-gains
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business. Source: https://cointelegraph.com/news/stronghold-digital-mining-company-sale-maximize-value
FBI Arrests Man For Running Alleged $43 Million Crypto Trading Ponzi Scheme
The FBI arrested a Manhattan man, Idin Dalpour, yesterday morning for allegedly orchestrating a $43 million Ponzi scheme involving a fictitious Las Vegas hospitality business and a cryptocurrency trading operation. “For four years, Idin Dalpour allegedly used false promises of high returns to entice victims to invest in his purported hospitality and cryptocurrency trading enterprises, but in reality, used these…
MoonPay expands crypto options with PayPal integration
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards. Source: https://cointelegraph.com/news/moonpay-expands-crypto-options-paypal-integration
Solana GameShift Adds Google Cloud Integration for Crypto Games
Solana Labs announced a collaboration with Google Cloud on Thursday to bring its blockchain game development platform GameShift to Google Cloud’s ecosystem, aiming to drive mainstream adoption of blockchain technology in gaming. GameShift abstracts away blockchain complexity by providing game developers an easy-to-use API for seamless user onboarding on Solana, along with in-game digital asset minting, branded in-game NFT marketplaces,…
PayPal Expands Crypto Offerings With MoonPay Integration
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 Online payment giant PayPal is expanding its cryptocurrency offerings, joining forces with cryptocurrency company MoonPay to offer its more than 426 million customers access to over…
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […] Source: https://news.bitcoin.com/record-withdrawal-from-us-bitcoin-etfs-marks-largest-single-day-outflow/
Stacks active accounts reach record high amid growing interest in Bitcoin DeFi
The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager. Source: https://cointelegraph.com/news/bitcoin-defi-surge-stacks-l2-record-users