The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg. Source
Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin’s creator Charlie Lee. Litecoin up 85% since record lows versus Bitcoin Lee argues that LTC/BTC could rally to 0.025 BTC, or over 700%, in the next bull cycle, with Litecoin having “higher throughput by design, scalability with extension blocks, better fungibility, and privacy from MWEB.” Lee: “I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn’t be too hard to achieve. I honestly…
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender. Source
CryptoX – Cryptocurrency Analysis and News Portal Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender. Original Source The post Celsius Founder Mashinsky Denies ‘Baseless’ Fraud Claims From New York State appeared first on CryptoX. CryptoX Portal
Enclave Spot is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave.. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CNBC interview, MicroStrategy CEO Michael Saylor unveils his bullish outlook on bitcoin (BTC). As he deciphers the digital asset’s complex trajectory, Saylor emphasizes the company’s unwavering conviction, bitcoin’s remarkable resilience, and the significance of a long-term perspective in navigating market volatility. Saylor made several revelations during his recent interview with CNBC, offering a treasure trove of facts and his bullish insights for bitcoin. Despite suffering significant losses during the 2022 bear market when…
Amid the regulatory struggles in the United States, crypto exchange Coinbase has decided to bring its business abroad with a global platform. Following this, members of the crypto community expressed their opinions, with some criticizing the Securities and Exchange Commission (SEC) and others expressing confidence in crypto’s future. On May 2, the exchange announced the launch of Coinbase International Exchange (CIE), which is a crypto derivatives platform catering to institutional investors. Trading in the exchange will be offered to institutional clients in eligible jurisdictions outside of the U.S. It’s official!…
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for imports with cryptocurrencies, the country’s Trade Promotion Organization (TPO) has assured, according to local media. Alireza Peymanpak, head of the government body, said that the Central Bank of Iran (CBI) has issued a permission for…
The White House Council of Economic Activities (CEA) is looking to penalize the crypto mining sector stating that the high energy consumption by crypto miners have spillover effects on the environment and quality of life. In a major move, the Biden administration is looking to impose a major tax on the crypto mining activities taking place in the United States. On Tuesday, May 2nd, the White House Council of Economic Activities (CEA) argued over the harms that crypto mining operations pose to society. After the ban by China on crypto mining…