Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit? A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On June 4, the popular crypto derivatives exchange …
Continue reading “DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun”
New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now …
Continue reading “Proposed New York Bitcoin mining ban watered down to allow green projects”
A stream of bullish Bitcoin adoption news helped to push BTC price back above $37,000 but traders are unsure if the 20% move confirms a trend reversal. The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether …
Continue reading “Bullish reversal? Traders debate whether $37K BTC price is a trend reversal”
Iran President Hassan Rouhani wants to protect national interests regarding crypto. Iran is looking for ways to introduce a legal framework for cryptocurrencies, while Bitcoin (BTC) mining remains under embargo in the country. During the cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve …
Continue reading “Iranian president calls for legal framework for crypto trading”
President Nayib Bukele’s “Bitcoin Law” was passed by the Salvadoran Legislative Assembly. The bill introduced by the president of El Salvador to make Bitcoin (BTC) legal tender in the nation passed the Legislative Assembly with a supermajority just before 6:00 am UTC. In a Twitter Spaces conversation with 22,000 listeners that began just after 5:00 …
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“The threats posed by crypto show that congress and federal regulators can’t continue to hide out, hoping crypto will go away,” said the Massachusetts senator. Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around …
Continue reading “Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing”
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners. …
Continue reading “El Salvador’s president wants to build volcano-powered crypto miners”
Interactive Brokers wants to offer as-of-yet unnamed cryptocurrencies to its traders. United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says. Speaking at the Piper Sandler Global Exchange & FinTech Conference on Wednesday, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market. …
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Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors. Some of the biggest names in the crypto exchange business are reportedly eager to capture India’s cryptocurrency trading market, even as the government is yet to issue clear-cut regulatory policies. According to Reuters, sources …
Continue reading “Crypto exchange giants mulling India foray despite regulatory uncertainty”
Bitcoin’s sharp rebound from its recent swing low suggests traders are aggressively accumulating BTC and altcoins on major dips. Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp …
Continue reading “Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH”
“I say keep an open mind towards the Doge and Doge-consciousness,” said Kyle Kemper. The big crypto news out of Miami over the weekend may have been Salvadoran President Nayib Bukele’s decision to proceed with making Bitcoin (BTC) legal tender, but another figure connected to a world leader made his own mark in supporting Dogecoin …
Continue reading “Canadian prime minister’s sibling goes bananas for Dogecoin at Bitcoin 2021”
An ETH, WBTC, and USDT trading pool is live on Ethereum, and more trading pairs and pools are expected to be added to the platform in the coming weeks. A new release from a foundational DeFi protocol seeks to combine two popular asset swap models into a hybrid that may reshape the nature of the …
Continue reading “Curve Finance’s new release positions project for AMM takeover”
Fear mounted as the FBI announced that it helped Colonial Pipeline retrieve a portion of its BTC ransom payment, but can the government actually take over Bitcoin and the network? On June 7, the United States government task force seized more than $2 million in Bitcoin (BTC) to pay a ransom following an attack on …
Continue reading “Here’s what would happen to Bitcoin if the government tried to take it over”
The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index. Investment firm Victory Capital Management announced it would be taking steps for its U.S.-based investors to get exposure to the crypto market. In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor …
Continue reading “$157B Victory Capital plans to enter crypto market”
Economists expect the annual Consumer Price Index (CPI) to climb to 4.7%. Bitcoin (BTC) price reclaimed $36,000 heading into the New York session Wednesday as investors awaited fresh data on inflation in May and El Salvador approved a bill that made cryptocurrencies a legal tender in the country. Bull-market bottom? The benchmark cryptocurrency surged 9.86% …
Continue reading “Can a rising CPI boost Bitcoin? 3 reasons BTC price is rebounding above $36K”
