Crypto miner Hive Blockchain (HIVE) sold about 10,000 ether (ETH), the native token of the Ethereum blockchain, to pay for Intel (INTC) bitcoin mining rigs, as most miners are starting to sell some of their mined digital assets to pay for their operating costs. Source link
CoinDesk’s Consensus-focused tech experiment involved a litany of third parties to help make DESK sing. Source
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to regulate the crypto industry, including Bitcoin mining. On June 2, New York Attorney General Attorney Letitia James issued an investor alert against “risky cryptocurrency investments,”…
Letitia James, the New York Attorney General, has made several statements towards cryptocurrency investment on Friday, June 3. The AG released a statement commenting on the volatility of crypto assets and warned investors of the high-risk nature of investing in crypto, as seen in the crash of the UST stablecoin in May. James also highlighted that billions have been lost in crypto in 2022. New York is also focusing on banning proof-of-work crypto mining. The ban of cryptocurrency mining in one of the largest states in the United States could…
In developing nations, more people are using crypto assets to keep their wealth safe from governmental restrictions and unlawful appropriation. Web 3 components, such as non-fungible tokens (NFTs), offer the prospect of supporting marginalized groups, including the victims of online sexual exploitation, by the application of cryptographic solutions that enable ownership by consent. Source
On-chain data shows Bitcoin whales holding between 1k to 10k BTC have expanded their reserves recently, a sign that could be bullish for the crypto’s price. Bitcoin Reserves Of 1k-10k BTC Holders Have Observed Growth Recently As explained by an analyst in a CryptoQuant post, the whales holding between 1k to 10k BTC have shown smart-money behavior in the past as they usually buy near bottoms and sell near tops. The relevant metric here is the total amount of coins currently being held by the different holder groups in the…
On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The firm’s client accounts were held in Gemini’s custody. On February 8, a breach led to the siphoning of $36 million in crypto assets from customers’ accounts via unauthorized withdrawals. Since then, both companies have blamed each other for being responsible for the loss of funds. To complicate matters, an allegedly fake 911 call coincided with…
Global commodities could be about to take a hit, the move might translate into some relief for Bitcoin and the crypto market. The nascent asset class has been experiencing downside pressure as the U.S. Federal Reserve (FED) is set to stop inflation from worsening. Related Reading | Bitcoin Records 1st Weekly Green Candle In 3 Months – A Start Of A Bull Run? At the time of writing, Bitcoin (BTC) trades at $31,300 with a 4% profit in the last 24-hours. In the past week, the benchmark crypto records a 6%…
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The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark Monday after reaching extreme oversold levels on May 9. Original