Outflows from the Grayscale Ethereum Trust (ETHE) could dampen the Spot Ethereum ETF approval party but create significant opportunities for traders. Source: https://cointelegraph.com/news/grayscale-outflows-impact-ethereum-etf-launch
Month: May 2024
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said. Source: https://cointelegraph.com/news/tether-150-million-bitdeer-jihan-wu
3 solid Bitcoin indicators predicting BTC price rise to $75K in June
A breakout from Bitcoin’s symmetrical triangle pattern is imminent as long-term holders continue to accumulate. Source: https://cointelegraph.com/news/3-solid-bitcoin-indicators-predicting-btc-price-75k-in-june
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily chart reveals a market that has transitioned from a significant rally to a consolidation phase. After an […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-maintains-stability-in-narrow-triangular-formation/
NFT sales volume tumbles 54% in May: CryptoSlam
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining. Source: https://cointelegraph.com/news/nft-sales-drop-may-2024-bitcoin-ethereum-solana
No, JasmyCoin Does Not Have a Partnership With Apple—But Its Token Is Still Pumping
Many JasmyCoin investors seem to think the project has partnered with Apple, causing the token to leap 20% over the past 24 hours. But it’s overly optimistic news at best and most likely fake. What does appear to be true is that Tim Cook, the CEO of Apple, agreed to put Japan’s “My Number” identification card functions onto iPhones, per…
Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date
Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest operation of its kind. Paraguayan Authorities Bust […] Source: https://news.bitcoin.com/paraguayan-authorities-shut-down-2700-miners-in-largest-anti-illegal-bitcoin-mining-intervention-to-date/
US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams […] Source: https://news.bitcoin.com/us-treasury-nfts-and-nft-platforms-highly-susceptible-to-fraud-and-scams/
Crypto market braces for $875M token unlocks in June
Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end. Source: https://cointelegraph.com/news/crypto-token-unlocks-june
Vitalik Buterin is 'giantly important' to Ethereum’s future: Experts weigh in
Fellow co-founder Joseph Lubin and other industry experts highlight Vitalik Buterin’s role in Ethereum’s future, emphasizing his ongoing influence and contribution to the space. Source: https://cointelegraph.com/news/vitalik-buterin-pivotal-role-ethereum-future