CryptoQuant CEO Ki Young Ju highlights similarities between Bitcoin whale accumulation in 2024 and mid-2020, suggesting potential bullish trends as high on-chain activity continues despite low price volatility. Source: https://cointelegraph.com/news/bitcoin-whale-accumulation-2024-cryptoquant-ceo
Month: May 2024
Solana Memecoin MEW Partners With LOCUS Animation Studio to Create New 3D Animated Series
PRESS RELEASE. MEW, a cat-themed token on the Solana blockchain, partners with animation studio LOCUS to create a new 3D animated series. MEW is the first worldwide entertainment brand and retail product line started by a memecoin community. LOCUS produces 3D animations and TV series primarily in the Korean market. After raising about $17.5 million […] Source: https://news.bitcoin.com/solana-memecoin-mew-partners-with-locus-animation-studio-to-create-new-3d-animated-series/
PEPE trading volumes surge 3X from start of May just days after ATH
Pepe’s price has slid 12% since reaching all-time highs, but trading volume has surged by 216%, indicating heightened interest from traders. Source: https://cointelegraph.com/news/pepe-trading-volume-surges-price-cryptocurrency-traders-doge-shiba
McHenry urges Senate to pass FIT21 crypto bill before election
The United States House’s widely positive vote on the crypto-regulating FIT21 bill should be “a wake-up call” to the Senate to quickly pass it, says Rep. Patrick McHenry. Source: https://cointelegraph.com/news/senate-need-pass-fit21-crypto-bill-before-election-mchenry
Circle Officially Launches in Brazil, Partners With Latam Giants BTG Pactual and Nubank
Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding and distribution services for Brazilian companies. Circle also partnered with Nubank, a leading digital neobank. Circle Partners With BTG […] Source: https://news.bitcoin.com/circle-officially-launches-in-brazil-partners-with-latam-giants-btg-pactual-and-nubank/
Bitcoin firm, Texas university partner for $5M endowment fund
Bitcoin financial services firm and UATX plan to raise $5 million to invest in BTC for the next five years. Source: https://cointelegraph.com/news/unchained-university-austin-partner-launch-5m-bitcoin-endowment-fund
Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on […] Source: https://news.bitcoin.com/lawyer-pleads-guilty-in-9-5m-crypto-ponzi-scheme-faces-5-years-in-prison/
OpenAI stopped 5 campaigns that used its tech for ‘deceptive influence’
The AI firm has terminated accounts linked to several alleged foreign covert influence operations. Source: https://cointelegraph.com/news/openai-disrupts-global-influence-operations-abusing-ai-tech
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin […] Source: https://news.bitcoin.com/companies-in-two-capital-markets-reportedly-in-negotiations-to-implement-microstrategys-bitcoin-business-model/
Warren prods drug agencies about crypto links to fentanyl trade
Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry. Source: https://cointelegraph.com/news/senator-warren-wants-answers-on-crypto-links-fentanyl