Bitcoin price aims for $69K as 'hot' US macro data pressures dollar

May 30, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin chews through overhead resistance on the back of U.S. GDP and jobless claims data, with risk assets benefiting across the board.

tZERO, the cryptocurrency wing of American retail giant Overstock, will tokenize forthcoming motion picture “Atari: Fistful of Quarters,” according to a press release published on July 9.Per the release, tZERO has partnered with the upcoming movie’s producers to develop a token dubbed “Bushnell,” which will be sold by the film production and financing company Vision…

Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486

Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied. Currently sitting at its 2020-high of $486, Ether rallied 10% today. The spike in network activity is thought to be…

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VanEck drops new Ethereum ETF ad within an hour of SEC approval

VanEck launched a new ad centered around Ethereum, just 30 minutes after the SEC greenlit 19b-4 proposals for spot Ether ETFs.

4 Reasons Bitcoin Price Suddenly Slid Below $9K, Liquidating $55M

The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX.Four factors are likely behind the sudden decline in the price of the top cryptocurrency by market capitalization. Namely: stocks sliding, selling pressure from miners, an extended…

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

Major U.S. crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched “Coinbase Custody,” its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, Electronic Transaction Clearing (ETC), that…

Mainstream Institutions No Longer Have Regulatory Reasons to Fear Crypto

Institutions on the fence about crypto involvement may no longer fear legal uncertainty, given recent crypto custody regulatory clarity. 1583 Total views 24 Total shares Recent regulatory transparency provided by U.S. banking regulator, the Office of the Comptroller of the Currency, or OCC, may give interested institutions the confidence to enter the crypto industry.“For those…

ECB’s Lagarde says central banks holding Bitcoin is ‘out of the question’

The head of the European Central Bank (ECB) thinks that central banks worldwide will not be holding Bitcoin (BTC) any time soon.In a conference call with The Economist on Feb. 10, Christine Lagarde showed herself to be firmly risk-off when it came to decentralized cryptocurrencies."Out of the question""It's very unlikely — I would say it's…

Satoshi Didn’t Sign Craig Wright Message, Says Crypto Researcher

Researchers examine whether a message signed by a 2009 miner and calling Craig Wright a fraud may have been signed by Satoshi Nakamoto. 2264 Total views 30 Total shares Yesterday, a Bitcoin (BTC) miner (or multiple Bitcoin miners) signed a message calling Craig Wright a fraud. One of the addresses used had been previously attributed…

Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO

Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021. 1136 Total views 13 Total shares Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period.According to Canaan’s unaudited Q2 financials published on Tuesday, the company…

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