Coinbase launches COIN50 Index to track digital assets
Derivative products tied to the new index will not be available to users in the United States, United Kingdom, or Canada.
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3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance
Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels.BTC/USD daily chart. Source: TradingView.comUnlike the previous rallies which saw Ether (ETH) lead the…

SEC enforcement chief steps down just days after appointment
The official's conduct in past litigation was brought into question by a U.S. District court judge. 1942 Total views 20 Total shares The United States Securities and Exchange Commission new enforcement chief, Alex Oh, has resigned from her position with the Securities and Exchange Commission just days after taking the role. According to an official…

Monero ‘falling wedge’ breakout positions XMR price for 75% rally
Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months.Falling wedge breakout underwayNotably, XMR's price broke out of its "falling wedge" structure in late March. It…

US needs competitive moat around tokenized RWA — Sergey Nazarov
The US has the most robust and reliable capital markets in the world that should be leveraged for a competitive advantage, he said. The United States needs to establish a competitive moat around highly secure tokenized real-world assets (RWAs) to remain competitive in the age of borderless, permissionless finance, according to Chainlink co-founder Sergey Nazarov.

DeFi tracker Step Finance raises $2M from Solana ecosystem investors
The Solana ecosystem continues its development in DeFi. 2730 Total views 14 Total shares Step Finance, a Solana-native decentralized finance protocol, announced the completion of a private token sale for $2 million, which will help build and develop its platform.The round, disclosed on Tuesday, saw participation from notable Solana backers including Alameda Research, the hedge…

Bitcoin Gains Ground on Gold, Bolsters Claim as the Asset of Tomorrow
Is gold faltering as a safe haven? A Coinbase blog post from May 1 suggested that several months into the COVID-19 pandemic, gold’s market efficiency vis-à-vis Bitcoin (BTC) could be slipping. “Bitcoin and gold are fundamentally similar as scarce and globally accessible units of value,” the report noted, but recent “challenges” in the gold market…

Miami Heat star, ‘Bitboy’ agree to cough up $340K to settle Binance promo suit
Pro basketballer Jimmy Butler and crypto influencer Ben Armstrong are looking to settle claims in a Binance-related class lawsuit while denying any wrongdoing.

El Salvador buys a smokin’ hot 420 more Bitcoin
The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nation’s stash. “It was a long wait, but worth it,” he tweeted, “We just bought the dip!”Shortly after he tweeted: “We’re already making a profit off…