USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable? Source: https://cointelegraph.com/news/hermetica-usdh-bitcoin-backed-synthetic-dollar
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Robinhood crypto business slapped with SEC Wells Notice
The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells Notice. Source: https://cointelegraph.com/news/robinhood-crypto-business-sec-wells-notice
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-bulls-maintain-drive-amid-fluctuations-and-uncertainty/
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs. Source: https://cointelegraph.com/news/tiger-brokers-online-crypto-trading-hong-kong
Kraken expands European footprint with German strategic partnership
Today, we double down on our European expansion strategy by announcing a new strategic partnership that enables us to actively enhance our product offering in Germany, a key market for European crypto adoption. Starting around July 10, 2024, we expect to offer German clients access to a range of innovative crypto products via a dedicated offering powered by DLT Finance.…
Turkish crypto bill: 5 things to know before it’s introduced
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
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