David Bailey, CEO of Bitcoin Magazine and crypto aide for the Trump campaign, believes that Trump’s victory in the upcoming election could trigger a bitcoin ‘space race,’ as countries rush to accommodate their policies to align with the U.S. Bailey also stated that they have secured several 7-figure commitments for Trump’s pro-crypto $100 million war […] Original
Recently launched spot bitcoin exchange-traded funds (ETFs) gave traders a safer way to invest in the token, which over 500 institutions took advantage of within only the first three months of existence, allocating over $10 billion in the funds alone. The rest, over $40 billion, came from retail traders. Source
The exploiter may not be making any money from the attack. Source
Kucoin, a global cryptocurrency exchange platform, announced on May 15 that it has temporarily suspended its peer-to-peer (P2P) services for the Nigerian naira, as well as the Fast Buy service via naira cards. The crypto exchange stated that during this period, it will focus on ensuring compliance and creating a more robust and secure environment […] Source
By completing the pilot, DTCC “found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” the report reads. Source
Recommendations from crypto influencers lead to losses, scientists from three universities said. According to Chinese journalist Colin Wu, the average accumulated return on positions opened based on signals from crypto influencers in X after 10 and 30 days decreased by 2.24% and 6.53%, respectively. Representatives of Indiana University, Harvard Business School, and Texas A&M University cite these figures. The sample was based on 36,000 tweets published by 180 prominent crypto influencers. The study covered recommendations for 1,600 assets over two years to December 2022. The profitability of transactions on the…
The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip. Related Reading Ethereum Rallies, But Questions Linger Ethereum (ETH) surged 3.7% in the last 24 hours, buoyed by a general uptick in the crypto market. This positive movement comes after a significant price drop that saw ETH fall to $2,850.…
Ibex Pay, a payment rail that accepts Bitcoin payments via the Lightning Network, announced on May 15 that it will cease operations in the U.S. The payment firm stated that the suspension of services for the U.S. market will take effect on May 31, but did not provide reasons for the decision. The company is […] Original
May 16, 2024 – Zug, Switzerland Web 3.0 data access layer Subsquid has confirmed that its SQD token is to list on several tier-one crypto exchanges. The native Subsquid token will be simultaneously listed on Gate.io, Bybit, KuCoin, CoinList and MEXC Global on May 17, 2024. Markets for trading SQD will open at 1:00 a.m. PST with an initial launch price of $0.094. The multiple exchange listing follows an oversubscribed token sale on Coinlist that raised $6.3 million. The addition of SQD to tier-one exchanges will increase liquidity and access…
Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case. Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move…