Cryptocurrency news

• Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

  01-05-2023 23:40
  
  BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.
  
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• State agencies warn of cryptocurrency scams targeting older adults - The Highland County Press

  01-05-2023 23:39 via news.google.com
  
  State agencies warn of cryptocurrency scams targeting older adults  The Highland County Press
  
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• Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

  01-05-2023 23:33 via cointelegraph.com
  
  HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed.
  
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• Bitcoin Is Crashing, But Why Are Transactions At New All-Time Highs

  01-05-2023 23:30 via newsbtc.com
  
  In a day when Bitcoin prices are crashing, posting worrying drops from April 2023 peaks, the underlying network is processing record transactions.
  Bitcoin Prices Dropping, But Why?
  Dune Analytics data on May 1 shows that the platform is processing record transactions which, if going by historical performance, would typically point to demand. In a normal scenario, this demand could translate to buying pressure.
  However, as seen in the chart below, the spike in the activity on the Bitcoin network
  
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• The New Cryptocurrency on the Block, Sparklo (SPRK), Causing ... - Analytics Insight

  01-05-2023 23:09 via news.google.com
  
  The New Cryptocurrency on the Block, Sparklo (SPRK), Causing ...  Analytics Insight
  
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• Liquid staking solutions now have more TVL than DEXs: DefiLlama

  01-05-2023 23:00 via cointelegraph.com
  
  From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million.
  
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• Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge

  01-05-2023 22:53
  
  Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.
  
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• Scientists in Texas developed a GPT-like AI system that reads minds

  01-05-2023 22:30 via cointelegraph.com
  
  A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3.
  
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• European Union pushes forward with first AI framework: Law Decoded, April 24–May 1

  01-05-2023 22:20 via cointelegraph.com
  
  High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.
  
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• Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions

  01-05-2023 22:02 via cointelegraph.com
  
  OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan, and Syria to conduct digital asset trades, deposits, and withdrawals between January 2014 and November 2019.
  
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• Sad Frogs: Why The Parabolic Pepe Coin Could Flatten By 80%

  01-05-2023 21:54 via newsbtc.com
  
  Pepe coin, the meme cryptocurrency based on the popular internet meme, has become the newest sensation across crypto.
  Although it has made early buyers extremely happy – and extremely wealthy – it could soon leave many holders feeling flattened due to a possible 80% correction. Let’s take a closer look.
  Feels Good, Man… For Now
  What goes up, must come down. The bigger they are, the harder they fall. Regardless of the phrase you choose, there is a lesson related to Pepe p
  
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• PEPE Goes To The Moon: Meme Coin Listed On OKX, Binance Listing In the Works?

  01-05-2023 21:30 via newsbtc.com
  
  PEPE, the popular meme coin, has recently been listed on OKX, a major cryptocurrency exchange. This move has generated excitement among investors who believe that the coin has the potential to become a major player in the crypto market and the meme coin sector. PEPE Coin Leaps Into The Big Leagues
  The recent listing on OKX is a significant milestone for PEPE, providing the coin with greater exposure and access to a larger pool of investors. OKX is one of the largest cryptocurrency exchanges
  
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• Blur introduces NFT perpetual lending protocol

  01-05-2023 21:15 via cointelegraph.com
  
  Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate.
  
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• On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023

  01-05-2023 20:44 via cointelegraph.com
  
  Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms.
  
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• Unleashing the Power of Cryptocurrency: Exploring Transactions Per Second (TPS) and Its Impact - Miami Herald

  01-05-2023 20:30 via news.google.com
  
  Unleashing the Power of Cryptocurrency: Exploring Transactions Per Second (TPS) and Its Impact  Miami Herald
  
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• Bitcoin Bearish Signal: Miners Continue To Sell

  01-05-2023 20:30 via newsbtc.com
  
  On-chain data shows that Bitcoin miners have continued to sell recently, a sign that can be bearish for the price of the cryptocurrency.
  Bitcoin Miner Reserve Has Been Going Down Since Rally Started
  As an analyst in a CryptoQuant post pointed out, BTC miners have continued to shave coins off their reserve recently. The “miner reserve” is an indicator that measures the total amount of Bitcoin that all miners are holding in their wallets currently.
  Related Reading: Bitcoin Emerges As t
  
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• Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges

  01-05-2023 20:27
  
  Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday.
  
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• Valuing and accounting for cryptocurrency assets and liabilities - Accounting Today

  01-05-2023 19:44 via news.google.com
  
  Valuing and accounting for cryptocurrency assets and liabilities  Accounting Today
  
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• Bitcoin Faces Potential Price Drop To $25,000, On-Chain Data Signals Bearish Trend

  01-05-2023 19:30 via newsbtc.com
  
  Bitcoin (BTC) has been experiencing a volatile price action since late April, with significant fluctuations in its value. At the time of writing, the cryptocurrency has experienced a 3% decline in the last 24 hours and is currently trading at $28,400. However, it has now settled within an accumulation range of $27,800 to $30,000.Bitcoin Bulls Take Caution
  BaroVirtual from Cryptoquant recently shared his analysis regarding the potential downside targets for Bitcoin. According to the analyst, the
  
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• Sotheby's Launches On-Chain Secondary NFT Marketplace

  01-05-2023 18:23
  
  Sotheby’s Metaverse will now offer fully on-chain secondary transactions via Ethereum and Polygon.
  
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• Justin Sun issues apology after Sui LaunchPool clashes with Binance CEO

  01-05-2023 18:23 via cointelegraph.com
  
  Nearly $4 billion has been staked in Binance’s Sui farming pools in anticipation of the layer -1 blockchain’s airdrop.
  
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• NFT Marketplace Blur Launches Blend, a Peer-to-Peer Lending Platform

  01-05-2023 18:20
  
  Short for Blur Lending, Blend will allow collectors to buy blue-chip NFTs with a smaller up-front payment, similar to a down payment on a house.
  
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• Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar

  01-05-2023 18:19 via cointelegraph.com
  
  Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows.
  
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• Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

  01-05-2023 18:05 via cointelegraph.com
  
  Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback.
  
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• NFT Marketplace Blur Launches Peer-to-Peer Lending Platform, Blend

  01-05-2023 18:00
  
  Short for Blur Lending, Blend will allow collectors to buy blue-chip NFTs with a smaller up-front payment, similar to a down payment on a house.
  
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• Bitcoin (BTC) Continues Downtrend Despite Daily Transactions Nearing All-Time High

  01-05-2023 18:00 via newsbtc.com
  
  While Bitcoin (BTC) has continued a downtrend, the asset has recently recorded a high volume in daily transactions nearing its all-time high. According to a report by on-chain analytics provider Glassnode, “Bitcoin daily transaction counts are approaching All-time-highs, seeing an explosive uptick in 2023.’
  Regardless of this news, Bitcoin has continued to move downward after its weekend plateau of trading at just between $29,300. The asset trading volume has also surged slightly ind
  
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• Ethereum (ETH) Price Prediction and Uwerx Analysis: Which ... - Blockchain Reporter

  01-05-2023 17:57 via news.google.com
  
  Ethereum (ETH) Price Prediction and Uwerx Analysis: Which ...  Blockchain Reporter
  
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• Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback

  01-05-2023 17:40 via cointelegraph.com
  
  BTC margin markets and futures’ long-to-short indicator show professional traders unwilling to bet on Bitcoin's price dropping.
  
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• More crypto exchanges list Pepe following trading frenzy

  01-05-2023 17:17 via cointelegraph.com
  
  The price of the meme token has surged by over 2,000% in the past two weeks.
  
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• Chainlink (LINK) Price Falls Below $7, Are The Bears Back In Control?

  01-05-2023 17:00 via newsbtc.com
  
  The bearish trend a few days ago brought Chainlink (LINK) down to $6.735 on April 26. The bulls tried to recover and drove the price of LINK to a solid 24-hour high of $7.30, but it later fell to a 7-day low of $6.773.
  Due to the current FUD and increased regulatory pressure in the United States, Bitcoin’s (BTC) price dropped below $29,000. But if the bulls build strong momentum, BTC may test $30k and climb higher, dragging the rest of the altcoin market, including LINK, with it.
  Will Bear
  
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• 'Shark Tank' but Make It Crypto: CoinMarketCap Launching Competition TV Show

  01-05-2023 16:54
  
  "Killer Whale" will allow entrepreneurs to pitch ideas for new Web3 products and projects to a panel of judges.
  
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• Henderson County to hold public hearing on cryptocurrency mining - Fox Carolina

  01-05-2023 16:44 via news.google.com
  Henderson County to hold public hearing on cryptocurrency mining  Fox Carolina
  
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• Justin Sun to Reverse $56M Binance Transfer After CEO Zhao Warns Against Potential SUI Token Grab

  01-05-2023 16:35
  
  "Binance LaunchPool are meant as air drops for our retail users, not just for a few whales," Binance CEO Changpeng Zhao tweeted after Sun transferred $56 million in TUSD to Binance.
  
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• More TPS, less gas: Ethereum layer 2 Starknet outlines performance upgrades

  01-05-2023 16:20 via cointelegraph.com
  
  Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs.
  
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• More TPS, less gas: Ethereum L2 Starknet outlines performance upgrades

  01-05-2023 16:20 via cointelegraph.com
  
  Starknet makes performance improvements a top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs.
  
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• U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

  01-05-2023 16:17
  
  AUSTIN, Texas – The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting May, said Patrick McHenry (R–N.C.), chair of the House Financial Services Committee.
  
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• Shiba Inu Community Destroys 3.26 Billion SHIB in April Amid Price Decline

  01-05-2023 16:00 via newsbtc.com
  
  Shibburn reports that over 3.26 billion Shiba Inu tokens were burned in April 2023 across 125 transactions. These figures are lower than the total SHIB burns in March 2023, which was 6.78 billion SHIB tokens burned through 540 transactions.The SHIB burn process involves sending Shiba Inu (SHIB) tokens to an address known as a “burn address.” This address is a designated address created to hold the tokens to be burned permanently.
  The Shiba Inu community carried out these burn transac
  
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• Crypto Firm FARE Protocol Raises $6.2M Ahead of Token Launch

  01-05-2023 15:57
  
  The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan.
  
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• What the Gensler hearing means for US crypto regulation and policy

  01-05-2023 15:56 via cointelegraph.com
  
  Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity.
  
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• Meta SEC filing reveals debt securities offering plans

  01-05-2023 15:42 via cointelegraph.com
  
  The Facebook parent company filed a prospectus that says it may offer and sell debt securities occasionally.
  
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• AVAX Smart Contracts Hit 6-Month High – What This Means For Its Price

  01-05-2023 15:40 via newsbtc.com
  
  AVAX has been expanding its reach in various areas over the past few months, but one aspect that has seen tremendous growth is its smart contract deployment. 
  With this significant milestone, many investors and traders alike are speculating whether this development could be the catalyst that propels the Avalanche Network native token’s price to new heights. 
  Will this newfound growth in smart contracts lead to a surge in AVAX’s value?Contract Deployment Spike Could Boost AV
  
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• AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains

  01-05-2023 15:30 via cointelegraph.com
  
  Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson’s Star Wars, and AI tasked with destroying humanity goes dark.
  
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• AI Eye: ‘Biggest ever’ leap in AI, cool new tools, AIs are real DAOs

  01-05-2023 15:30 via cointelegraph.com
  
  Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson’s Star Wars, and AI tasked with destroying humanity goes dark.
  
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• Temasek denies $10M investment in algorithmic currency system Array

  01-05-2023 15:29 via cointelegraph.com
  
  The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin.
  
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• FTX investor Temasek pours $10M into algorithmic currency system Array

  01-05-2023 15:29 via cointelegraph.com
  
  The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin.
  
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• FTX investor Temasek pours $10M in algorithmic currency system Array

  01-05-2023 15:29 via cointelegraph.com
  
  The new algorithmic currency system aims to provide a more “stable, efficient, and scalable” asset than common coins like Bitcoin.
  
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• AI meets blockchain: Revolutionizing smart contracts and cryptocurrency

  01-05-2023 15:15 via cointelegraph.com
  
  The confluence of artificial intelligence and blockchain technology is paving the way for more intelligent, secure and streamlined smart contract ecosystems.
  
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• Solana (SOL) Retests Multi-Month Trend Line, Bulls Prevailing Again?

  01-05-2023 15:10 via newsbtc.com
  
  Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported.
  Already in the last few days, the Solana price had tested the trend line (black) before a decent bounce to the upside took place. However, yesterday’s price action
  
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• Web3’s impact on personalization, trust and engagement through time-honored strategies

  01-05-2023 15:00 via cointelegraph.com
  
  By harnessing the power of Web3 and one-to-one marketing, businesses can drive customer loyalty, enhance brand reputation and ultimately achieve long-term success in the decentralized digital world.
  
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• Bhutan mines Bitcoin with hydropower since BTC price was $5,000

  01-05-2023 15:00 via cointelegraph.com
  
  The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal.
  
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