In a recent development, two US lawmakers have taken a stand against the Department of Justice’s (DOJ) move to expand the definition of a money-transmitting business. Senators Cynthia Lummis and Ron Wyden penned a letter to US Attorney General Merrick Garland, expressing their concerns about the potential consequences of the DOJ’s broad interpretation. They argued
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The resurgence of Roaring Kitty, a prominent figure in the GameStop short squeeze of 2021, has once again caught the attention of the market. This time around, his return has coincided with a bullish trend in the market, particularly in the Solana meme coin sector. Developers have wasted no time in capitalizing on this momentum
Despite recent market turbulence and uncertainty surrounding Bitcoin, cryptocurrency analyst Crypto Jelle remains optimistic about the future of the leading digital asset. Jelle’s analysis highlights Bitcoin’s current consolidation phase and the significance of this level in the market. While some may have expected a more significant price movement after the recent Bitcoin Halving event, Bitcoin
Crypto analyst Ali Martinez has laid out a roadmap for Bitcoin to reach $76,000, emphasizing the importance of reclaiming $64,290 as a support level. Martinez warns that failure to do so could lead to a significant drop in the flagship cryptocurrency, potentially back to the levels seen at the beginning of the year. Based on
Bitcoin’s price has been facing challenges in maintaining its upward momentum ever since it dropped from the $75K level. However, despite the appearance of a bearish reversal and downtrend on the daily chart, there are indications that a new bullish wave might be on the horizon. The price has been consolidating within a large descending
The recent earnings report from the millennial trading platform, Robinhood, was quite impressive as it surpassed analyst expectations. The company reported record revenues of $618 million for the first quarter, marking a 40% increase compared to the previous year. Notably, revenue from cryptocurrencies saw a substantial surge, jumping by 232% to $126 million. Transaction-based revenues
Big Time, a popular fantasy game, has introduced a VIP program designed to reward loyal players with ongoing benefits. This program is closely tied to the collection of $BIGTIME tokens from boss chests within the game. Let’s delve into the details of this VIP program and understand how players can participate and reap the rewards.
Polkadot, a blockchain protocol, has recently made significant improvements to its network performance. One of the key advancements includes enabling Asynchronous Backing on the network. This optimized approach for validating parachain blocks by the Relay Chain has resulted in blocks being produced twice as fast and a 6-10 times boost in available blockspace. As a
In a disturbing incident in Hong Kong, four men abducted a crypto investor, causing alarm in the community. The unidentified woman, who is involved in crypto investments, was attacked with a stun gun while riding in a car with her husband. The suspects were determined to take her, leading to a tense situation as the
Bitcoin, the world’s most popular cryptocurrency, has been on a downward trend since hitting its all-time high in March. This decline has sparked a ‘buy-the-dip’ sentiment among crypto traders who believe that the correction is temporary and that Bitcoin will soon bounce back to new highs. However, according to crypto analytics platform Santiment, this sentiment
Cryptocurrency is quickly becoming a significant topic of discussion in the U.S. presidential election. According to a recent survey conducted by Digital Currency Group (DCG), about one in five registered voters consider crypto to be a major issue in the upcoming 2024 election. This shows a clear shift in the political landscape, with more voters
Ethereum (ETH) has experienced a significant decline of 6.45% in the past week, adding to its overall price decline of 16.57% over the last few months. This bearish trend has left investors feeling disappointed as they watch the world’s second-largest cryptocurrency struggle to maintain its value. The recent news of a crypto whale selling off
The recent price action of Bitcoin has left many investors concerned as the premier cryptocurrency continues to move within a consolidation range. Not only has the price cooled off since hitting a new all-time high in mid-March, but on-chain activity on the Bitcoin network has also slowed down over the past few months. Data analytics
In the last 24 hours, the cryptocurrency market has shown signs of stabilization, putting a stop to the bearish attack and entering a phase of consolidation. Bitcoin’s price is currently hovering around $61K, with Ethereum falling below the crucial $3K mark. The drastic correction in Bitcoin’s price, dropping below $61K and losing approximately 3.5% in
In a surprising turn of events, two of the largest banks in the United States, JP Morgan and Wells Fargo, have announced their investments into Spot Bitcoin ETFs, showcasing a newfound exposure to BTC, the world’s largest cryptocurrency. This move comes amidst a prolonged downturn in the crypto market, with BTC’s price hovering slightly above
Cardano (ADA) is showing signs of a potential upward move, with crypto analyst Javon Marks predicting a significant increase in its price. Marks highlighted the progress made by ADA since breaking the resistance trend, mentioning that the recent pullback faced by Cardano could actually strengthen its position for a parabolic rise. Marks believes that Cardano
Core Scientific, a prominent player in the Bitcoin mining sector, recently unveiled its financial results for the first quarter of 2024. The company showcased a remarkable turnaround following its emergence from bankruptcy, reporting a net income of $210.7 million. This stands in stark contrast to the net loss of $0.4 million suffered during the same
Bitcoin faced a 3.06% price decrease on Friday, dropping to $60,372.36, as per CoinMarketCap data. However, a trading analyst known as Titan of Crypto seems undeterred by this dip. Titan of Crypto believes that Bitcoin is currently in a consolidation phase and is poised for a post-halving price surge. One key indicator that Titan of
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act is set to revolutionize the regulatory landscape for the crypto industry. This legislation aims to provide clear regulatory frameworks for digital assets, addressing longstanding issues of market oversight and consumer protection. House Financial Services Committee Chairman Patrick McHenry has expressed his support for
The International Monetary Fund (IMF) has suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This recommendation was made in the IMF’s latest consultation report for Nigeria. The primary goal of this proposal is to strengthen the country’s economic stability and enhance its position within the African
Amidst recent fluctuations in the crypto market due to US economic data signaling stagflation and hawkish commentary from Fed policymakers, traders are seeking altcoins with strong bullish momentum that could be potentially lucrative investments. Bitcoin, the leading cryptocurrency, has seen a dip in its price amidst the economic uncertainties. Despite the overall bearish sentiment in
Cardano (ADA) has recently seen a significant reversal in its fortunes, with a surge in trading volume. This positive development has coincided with ultra-bullish predictions from various crypto analysts. Altcoin Daily, for instance, has set a peak price target of $9 for Cardano in this bull run. Meanwhile, Dan Gambardello and Jason Appleton have made
One prominent trader, known as Bluntz Capital, has raised concerns about the future of the popular Solana meme coin, DogWifHat ($WIF). With the current price sitting at $3.17, Bluntz has suggested that the token could plummet to as low as one dollar. This warning was shared via a tweet where Bluntz highlighted the slow and
The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, recently made a high-value transfer of ETH, sparking speculation within the crypto community. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9), according to the on-chain analytics platform SpotOnChain. This transfer is part of a series of transactions
Despite a recent 20% weekly decline in its price, analysts are optimistic about a significant rally for Shiba Inu. Several factors are contributing to this positive forecast, including a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. Even though Shiba Inu has experienced
Former President Donald Trump’s recent endorsement of Bitcoin and cryptocurrencies marks a significant departure from his previous skepticism towards digital assets. In a video that has been widely shared among crypto enthusiasts and investors, Trump’s newfound support has raised questions about how this could impact the cryptocurrency market as the US election approaches in November.
The launch of The Voice Battle Coach has brought a new level of engagement for fans of the hit TV show. By offering an immersive gaming experience that allows players to step into the shoes of celebrity coaches, the game has revolutionized the way fans interact with the franchise. Upon entering the game, players are