Cryptocurrency news

• Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker

  29-05-2023 23:53 via cointelegraph.com
  According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners.
  
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• BlockBeat Announces Launch of Revolutionary Terminal for Cryptocurrency Traders and Investors - EIN News

  29-05-2023 23:04
  BlockBeat Announces Launch of Revolutionary Terminal for Cryptocurrency Traders and Investors  EIN News
  
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• Laos government reportedly prioritizes blockchain technology for digital transformation

  29-05-2023 22:38 via cointelegraph.com
  Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation.
  
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• The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT

  29-05-2023 22:30 via newsbtc.com
  
  Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023. However, there are signs that new competitors may challenge its dominance in the future.USDT’s Reign Over?
  According to the researcher and founder of DeFiance Capital, ArthurOx,
  
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• Bitcoin's Recovery: Is the Cryptocurrency Bouncing Back? - Bitrates

  29-05-2023 21:55
  
  Bitcoin's Recovery: Is the Cryptocurrency Bouncing Back?  Bitrates
  
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• From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

  29-05-2023 21:30 via cointelegraph.com
  Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
  
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• Price analysis 5/29: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

  29-05-2023 21:00 via cointelegraph.com
  The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears.
  
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• Jimbos Protocol offers deal to hacker, threatens police action

  29-05-2023 21:00 via cointelegraph.com
  The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.
  
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• Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead?

  29-05-2023 21:00 via newsbtc.com
  
  EOS Network, a popular open-source blockchain platform prioritizing high performance and security, has recently witnessed a sharp price decline. The asset exhibits bearish sentiment in the 30-Day timeframe. The EOS price is down by 14.19% in its one-month data from CoinMarketCap. This suggests that the bears have controlled the market since the last 30 days trading session. This shift in market sentiment raises questions about what lies ahead for EOS.  
  EOS Faces High Bearish Mome
  
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• Amex planning to use AI for ‘approving cards and lines of credit’

  29-05-2023 20:30 via cointelegraph.com
  American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services.
  
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• Texas legislative session winds down with crypto bills still in limbo

  29-05-2023 20:00 via cointelegraph.com
  State lawmakers passed a proof-of-reserves bill and legislation covering crypto firms' usage of flare gas, both awaiting Texas Governor Greg Abbott's approval or veto as of May 29.
  
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• Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By

  29-05-2023 20:00 via newsbtc.com
  
  If the historical pattern in this on-chain indicator is anything to go by, hopes for the continuation of the Bitcoin rally may still be alive.
  Bitcoin SOPR Ratio Has Been Going Up In Recent Weeks
  As an analyst in a CryptoQuant post pointed out, the SOPR ratio has been above 1 recently. The “Spent Output Profit Ratio” (SOPR) indicates whether the investors in the Bitcoin market are selling their coins at a profit or a loss right now.
  When the value of this metric is above 1, it means
  
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• This Axie Infinity Rival Aims For The Top 100 Cryptocurrency ... - The Crypto Basic

  29-05-2023 19:33
  
  This Axie Infinity Rival Aims For The Top 100 Cryptocurrency ...  The Crypto Basic
  
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• The EU is watching your wallet, but it still beats the US for crypto

  29-05-2023 19:24 via cointelegraph.com
  Europe is requiring crypto wallet providers to track every move you make, but companies should still consider the region for its regulatory clarity.
  
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• Russia scraps plans for a national cryptocurrency exchange

  29-05-2023 19:01 via cointelegraph.com
  Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.
  
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• Get Rich Or Get Rugged? RUGME’s Unique Liquidity Mechanism Sparks Controversy

  29-05-2023 19:00 via newsbtc.com
  
  A new token has emerged in the cryptocurrency world, causing a stir among investors. Rug Me (RUGME) has a unique liquidity mechanism that is daring investors to try to “rug” the contract.
  According to the DeFi researcher Tsubasa, this high-stakes competition has a big brain game that challenges the most intelligent investors to solve a complex puzzle, promising high rewards. However, there is a catch. If someone is smart enough to solve the puzzle, they can rug the liquidity and take
  
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• Cryptocurrency Market Shows Subdued Netflow. Here's What It Means - U.Today

  29-05-2023 18:58
  Cryptocurrency Market Shows Subdued Netflow. Here's What It Means  U.Today
  
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• Japan launches digital yen pilot project after second successful proof of concept

  29-05-2023 18:37 via cointelegraph.com
  With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback.
  
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• US Debt Ceiling Deal Leaves Out Cryptocurrency Mining Tax ... - Cryptonews

  29-05-2023 18:20
  
  US Debt Ceiling Deal Leaves Out Cryptocurrency Mining Tax ...  Cryptonews
  
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• Bullish Run for Injective (INJ): Will the Momentum Continue?

  29-05-2023 18:00 via newsbtc.com
  
  The Injective (INJ) price has experienced an uptrend, resulting in price increases since yesterday, May 28. This trend indicates a positive sentiment among investors, with more buyers entering the market and increasing prices.
  Meanwhile, the uncertainty around the price of the general crypto market has caused speculations about whether this momentum will continue.
  Assessing The Potential For Sustained Momentum
  The bullish sentiment in the INJ market has affected its price positively, result
  
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• Bali Announces Crack Down On Foreigners Using Cryptocurrency ... - The Bali Sun

  29-05-2023 17:22
  
  Bali Announces Crack Down On Foreigners Using Cryptocurrency ...  The Bali Sun
  
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• Bitcoin erodes 4% gains as BTC price downside targets stretch to $23K

  29-05-2023 17:06 via cointelegraph.com
  A spike above $28,000 begins to fade as the new week begins, while a U.S. holiday means no external BTC price triggers from equities.
  
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• Gemini and Bankrupt Lender Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program

  29-05-2023 17:05
  
  The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
  
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• No All-Time High For Bitcoin In 2023, Former BitMEX Head Arthur Hayes Predicts

  29-05-2023 17:00 via newsbtc.com
  
  In a recent podcast appearance, Arthur Hayes, the former head of BitMEX, delivered a sobering prediction about the largest cryptocurrency by market capitalization, Bitcoin (BTC).Hayes believes that Bitcoin’s anticipated climb to an all-time high of $70,000 is unlikely to materialize this year, dampening the hopes of investors and traders. However, he points to a potentially bullish turn in 2024, driven by a significant event that could shape the market’s trajectory.
  Bitcoin Rise To $
  
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• Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

  29-05-2023 16:04 via newsbtc.com
  
  Yesterday, Polkadot (DOT) reached its weekly high at $5.54 but subsequently started a corrective phase. In the past 24 hours, DOT has managed to retain 1.8% of its overall gains during that period. On the weekly chart, DOT exhibited a 3% price increase.
  However, the technical analysis suggests that bears currently have the upper hand, with buying strength and demand remaining low. Despite this, if Bitcoin continues its upward movement toward the $28,000 level, several altcoins, including DOT, ma
  
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• Every Picture Tells a Story: Cryptocurrency Fuels Illegal Fentanyl - American Council on Science and Health

  29-05-2023 16:00
  
  Every Picture Tells a Story: Cryptocurrency Fuels Illegal Fentanyl  American Council on Science and Health
  
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• Environmental impact of AI: Pioneering solutions for a sustainable future

  29-05-2023 15:49 via cointelegraph.com
  Harnessing AI’s potential responsibly through energy efficiency and sustainable practices.
  
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• AI Eye: 25K traders bet on ChatGPT’s stock picks, AI sucks at dice throws, and more

  29-05-2023 15:30 via cointelegraph.com
  
  ChatGPT always rolls a 4 but tens of thousands of traders are betting millions on its stock picks, AI expands classic album covers, and more.
  
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• Nvidia introduces AI supercomputer to create ChatGPT successors

  29-05-2023 15:22 via cointelegraph.com
  
  The company behind the world’s most powerful chip for developingAI tools revealed more AI-powered products including an AI supercomputer platform.
  
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• Cybernetics Announces Comprehensive Cryptocurrency Recovery Services - Yahoo Finance

  29-05-2023 15:19
  Cybernetics Announces Comprehensive Cryptocurrency Recovery Services  Yahoo Finance
  
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• PAPI Token Revolutionizing the Cryptocurrency Landscape with Meme-Inspired Branding and Innovative Features - Yahoo Finance

  29-05-2023 15:01
  PAPI Token Revolutionizing the Cryptocurrency Landscape with Meme-Inspired Branding and Innovative Features  Yahoo Finance
  
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• Ledger CEO says crypto key recovery service makes self-custody easier

  29-05-2023 15:01 via cointelegraph.com
  
  Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
  
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• Here are some common mistakes cryptocurrency startups should avoid - CNBCTV18

  29-05-2023 14:31
  Here are some common mistakes cryptocurrency startups should avoid  CNBCTV18
  
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• Bitcoin Shows Recovery: Did This Historical Line Act As Support Again?

  29-05-2023 14:30 via newsbtc.com
  
  Bitcoin on-chain data suggests a historical support line may have helped the coin once again as the asset has recovered toward $28,000 today.
  Bitcoin Short-Term Holder Cost Basis May Still Be Active As Support
  According to data from the on-chain analytics firm Glassnode, the BTC price approached the cost basis of the short-term holders recently. The relevant indicator here is the “realized price,” which is a metric derived from the “realized cap.”
  The realized cap refers
  
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• Dogecoin Chart Pattern Suggests Volatility Explosion Ahead

  29-05-2023 14:20
  
  A technical analysis indicator called Bollinger bandwidth suggests dogecoin's unusual calm could soon end with a pronounced move in either direction.
  
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• 7 must-read books for aspiring tech entrepreneurs

  29-05-2023 14:07 via cointelegraph.com
  
  Whether you’re a budding entrepreneur or looking to enhance your business skills, explore the seven books that offer a wealth of knowledge to help you thrive in the dynamic tech industry.
  
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• The Metaverse Has Depreciating Property Values - The Street ... - TheStreet

  29-05-2023 13:26
  
  The Metaverse Has Depreciating Property Values - The Street ...  TheStreet
  
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• Dogecoin Bounces Off $0.070 Mark, Awaits Breakthrough of Crucial Hurdle

  29-05-2023 13:00 via newsbtc.com
  
  In recent trading sessions, the price of Dogecoin has experienced an upward trend, surpassing a significant resistance level. Over the past 24 hours, DOGE recorded a 1.2% increase, and within the last week, the coin appreciated by 2%.
  The technical analysis suggests the possibility of upcoming bullish momentum as buying strength attempts to recover. However, demand and accumulation indicators have not yet entered the positive zone.To establish bullish control in subsequent sessions, DOGE must su
  
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• Tourists are unhappy with crypto payments ban in Bali

  29-05-2023 12:40 via cointelegraph.com
  
  The community expressed a range of opinions, with some individuals stating that the ban is reasonable, while others went as far as reconsidering their vacation plans.
  
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• Bybit gets pre-approval in Kazakhstan as crypto custody service provider

  29-05-2023 12:15 via cointelegraph.com
  
  The cryptocurrency exchange received “in-principle” approval to begin operations in Kazakhstan at the Astana International Financial Centre.
  
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• Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week

  29-05-2023 12:04 via cointelegraph.com
  
  Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength.
  
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• Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program

  29-05-2023 12:00
  
  The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
  
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• A Lawyer's Guide To Blockchain And Cryptocurrency | Nelson ... - Mondaq News Alerts

  29-05-2023 11:54
  
  A Lawyer's Guide To Blockchain And Cryptocurrency | Nelson ...  Mondaq News Alerts
  
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• Bitcoin's Short-Term Holders Are Again Selling at Profit

  29-05-2023 11:52
  
  Short-term holders' renewed profitability is a positive signal for near-term price action, according to on observer.
  
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• Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot?

  29-05-2023 11:33 via newsbtc.com
  
  Floki Inu (FLOKI) entered the crypto landscape with a wave of enthusiasm, riding on the coattails of the meme coin trend that gained momentum through the success of Dogecoin. Its charismatic Shiba Inu mascot and an active community on social media platforms quickly attracted a dedicated following. 
  Floki Inu’s journey, however, has not been without its fair share of ups and downs.
  As the crypto market is known for its volatility, the question arises: Can Floki Inu rally strong enough
  
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• Cryptocurrency Trading Faces Strict Regulations in Indonesia Despite Legal Status - Crypto Mode

  29-05-2023 10:52
  Cryptocurrency Trading Faces Strict Regulations in Indonesia Despite Legal Status  Crypto Mode
  
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• Fantom Will Pay Back 15% of Token Fees to Some Projects

  29-05-2023 10:09
  
  The move is part of an initiative to drive demand for block space, which help add to the value proposition of ftm tokens.
  
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• Could Cryptocurrency replace traditional banking? A look at Bitcoin ... - Euro Weekly News

  29-05-2023 10:04
  
  Could Cryptocurrency replace traditional banking? A look at Bitcoin ...  Euro Weekly News
  
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• Cryptocurrency: Digital artist nets hundreds of thousands in NFT sale - bbc.com

  29-05-2023 09:53
  
  Cryptocurrency: Digital artist nets hundreds of thousands in NFT sale  bbc.com
  
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• Cryptocurrency: Digital artist nets hundreds of thousands in NFT sale - BBC

  29-05-2023 09:53
  
  Cryptocurrency: Digital artist nets hundreds of thousands in NFT sale  BBC
  
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