Month: May 2023

Crypto Extortion Charges Dropped Against Steven Nerayoff, an Early Ethereum Adviser

His lawyers say their client was put in a van on the day of his arrest and given a clipboard with a list of names of hundreds of the top players in the crypto industry, from Ethereum founder Vitalik Buterin to Caitlin Long, the founder and CEO of Custodia Bank, and instructed to give the FBI dirt that would help them make “dozens of convictions” in exchange for a lighter sentence. They also claim that Hlady, Nerayoff’s employee, was an FBI informant who exchanged 100 texts and 45 phone calls…

Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target

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Bitcoin saw five-day highs on May 15 as a rebound continued after the Wall Street open. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView $40,000 “still a magnet” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,666 on Bitstamp. Bitcoin (BTC) on Bitstamp held strength on hourly timeframes after a weekly close just below the $27,000 mark. With United States equities in a tight range on the day, crypto analysts looked for cues over where markets might go next. For Michaël van de Poppe, founder…

Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target

Bitcoin (BTC) saw five-day highs on May 15 as a rebound continued after the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 “still a magnet” for BTC price Data from Cryptox Markets Pro and TradingView showed BTC/USD reaching $27,666 on Bitstamp. The pair held strength on hourly timeframes after a weekly close just below the $27,000 mark. With United States equities in a tight range on the day, crypto analysts looked for cues over where markets might go next. For Michaël van de Poppe, founder and CEO…

Small scale bitcoin mining becomming more popular

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Diving into the bitcoin mining pool doesn’t require a fortune, but it does require patience, with some comparing it to winning the lottery. Bitcoin mining, once the domain of tech enthusiasts, has grown into a substantial industry around the world. These days, large-scale operations often have their own power plants and advanced hardware. However, for a price roughly equivalent to that of a midrange smartphone or gaming console, small mining rigs are possible to build. But…

Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal

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Outraged Lebanese Depositors Continue to Riot Against Financial Institutions – Bitcoin News

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Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption. Lebanese Citizens Left Penniless as Financial Institutions Crumble In February 2023, Lebanese depositors that were incensed by the alleged theft of their life savings by the country’s central bank, set ablaze the very banks that held their fortunes. Bitcoin.com News highlighted this distressing…

Payroll Startup Rise Wins CoinDesk’s 2023 Pitchfest Contest

To be sure, there is a fair amount of competition in the field Rise is building its business in, with companies like Bitwage, DEEL, Request, Remote, ADP and Utopia, offering fiat and crypto payroll services through U.S.-based exchanges, mostly Coinbase (Rise is not disclosing their crypto broker for now). Some of these services have already onboarded thousands of users, but Finkelstein believes the market is big enough for everyone as more and more companies are getting interested in using crypto for payroll. Current clients of Rise include the Ethereum staking…

SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

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The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will Bitcoin react to such an event. Bloomberg’s latest Markets Live Pulse survey indicates that Bitcoin (BTC) could be the third most preferred asset class behind Gold and U.S. Treasuries should the U.S. government fail to…

LunarCrush reports shiba inu is most searched cryptocurrency, topping pepe and bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Shiba inu has surpassed pepe and bitcoin to secure the top position in LunarCrush’s “Top 10 Trending Searches.” LunarCrush, a social media intelligence platform, recently unveiled its latest list of the most popular search topics within the past 24 hours, revealing the subjects that have captivated the online community’s attention. Meet the top dog In a turn of events, shiba inu has emerged as the frontrunner, surpassing both pepe and bitcoin to claim the top spot.…

Tether boasts of its financial stability after strong profits, money moved out of banks

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Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia.  Tether’s (USDT) market capitalization grew from $66 billion to over $82 billion in the first quarter, while Tether shed over 90% of its bank deposits, bringing it down from $5.3 billion to $481 million. Tether said the remaining bank deposits are spread out among several banks, referring to its competitors that suffered losses…