May 2023 | Page 89 of 211 | Last Cryptocurrency News Feed

XRP Consolidates at $0.41: Calm Before the Storm? (Ripple Price Analysis)

Ripple’s price has found support at the significant 200-day moving average at around $0.41, leading to a robust uptrend. Should it continue its surge, Ripple’s next destination will be the resistance zone at $0.56, but what if the bears take control? Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that following…

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Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S.

Crypto exchange Coinbase (COIN) took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany and Ireland.For $29.99 per month, customers don’t pay trading fees and also get higher staking rewards, according to a Thursday statement. The service had been in beta…

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Should We Worry About Tether’s Bitcoin-Buying Plan?

Like any good Bitcoin maximalist, Tether is holding its own coins. The issuer of the largest stablecoin, USDT, disclosed that information in a recent blog post announcing it will be “regularly” buying bitcoin with its surplus profits to build up a war chest. This follows a surprisingly robust attestation (aka an “Assurance Report” completed by…

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Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

Panelists at a discussion on “Fighting the Anti-Crypto Army” sought to dismiss the idea that working with lawmakers to regulate crypto should be framed as a fight. 462 Total views 5 Total shares A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on…

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Ledger Responds to Customer Fears On Wallet Safety, But Deletes “Confusing” Tweet

Online discussions continue to swirl around Ledger’s new firmware update for its crypto hardware wallet, which experts have claimed could put users’ private keys at risk. Ledger published a Twitter thread on Wednesday attempting to alleviate concerns around the safety of users’ assets, but published a self-contradictory and confusing tweet that stoked the flames of…

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Elizabeth Warren’s Bill Won’t Stop Money Laundering, But it Could Ban Crypto

On Capitol Hill, Senator Elizabeth Warren (D-MA) and Senator Roger Marshall (R-KS), are pushing legislation that purports to close loopholes bad actors may exploit to launder money through crypto assets. But what the legislation – the so-called Digital Asset Anti-Money Laundering Act – actually does is further a strategy to ban crypto by treating software…

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Bitcoin, gold and the debt ceiling — Does something have to give?

Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress. Still, some analysts and investors argue that the U.S.…

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US House stablecoin hearing focuses on competing bills for regulation

The answer to the question of what level stablecoin issuers are regulated on “need not be binary,” one witness said. 583 Total views 7 Total shares State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’…

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Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023

Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated with bridge hacks and custodian rehypothecation.CEO Shehzan Maredia highlighted the advantages of Lava's borrowing mechanism, stating, "With Lava, people can borrow transparently…

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Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular

Pakistan's government has hardened its stance against cryptocurrencies, even as retailers continue to hedge their financial bets against a devaluing Pakistani rupee partly due to a volatile political situation in the nation.Cryptocurrencies will “never be legalized in Pakistan,” said Minister of State for Finance and Revenue Aisha Ghaus Pasha to the country's Senate Standing Committee…