A whirlwind of speculation is currently surrounding the crypto asset JasmyCoin (JASMY), colloquially termed the “Bitcoin of Japan,” following a recent announcement from the Prime Minister’s Office of Japan. Yesterday, it was disclosed that a video conference between Prime Minister Kishida and Apple CEO Tim Cook had confirmed the integration of Japan’s My Number Card function into iPhones by next spring. Crypto Investors Speculate On Apple Collaboration The news has sparked a significant rally for JASMY, leading to a 20% increase in its market value within the last 24 hours,…
Day: May 31, 2024
Bitcoin ETFs aren’t winning the hearts and minds of financial advisors
Omer Taha Cetin | Anadolu | Getty Images A major thesis around bitcoin ETFs was that financial advisors needed regulated funds like them to direct their wealthy clients to invest in bitcoin. Almost six months after the launch of those ETFs, there are few signs that advisors are clamoring for the funds. Many remain just as averse to bitcoin now as they were before. That doesn’t mean the ETFs were a failed experiment, however. For one, bitcoin ETFs have been hailed as the most successful ETF launches in history, with BlackRock’s iShares Bitcoin Trust (IBIT) reaching…
which crypto fund is next?
The spot Ethereum ETF approval has given the crypto community hope for the launch of other altcoin-based funds. Last week, the U.S. Securities and Exchange Commission (SEC) approved applications for the opening of spot Ethereum ETFs. The cryptocurrency community sees this move as an opportunity to launch funds with other leading altcoins, including the Solana ETFs. How a spot ETF works A spot ETF is a tool through which stock exchange participants can invest in digital cryptocurrency without purchasing and storing it in physical form. This procedure is based on…
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner Year for Bitcoin Records The year 2024 has […] Original
Why This Could Trigger A 37% Crash
Near Protocol has had a good year in 2024 so far and has continued to hold up quite nicely despite the multiple crashes that have rocked the market. However, it seems that the altcoin may have exhausted its runway, as a crypto analyst believes its earlier breakout is very bearish for the price. Near Protocol Breaks Out Of Wedge Pattern At the start of the month of May, the Near Protocol price had formed a wedge pattern after falling to $5.5 and then recovering slightly. This wedge pattern would hold…
Bybit Confirms Executive Shake Up After Notcoin Deposit Delays
“We are aware of the recent news regarding our executive movements,” a Bybit spokesperson told CoinDesk. “Bybit regularly updates its organizational structure to align with our strategic goals. Together with the team, we made a joint commitment to placing the right people in the right roles.” Source
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily chart reveals a market that has transitioned from a significant rally to a consolidation phase. After an […] Original
Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said. Source
Crypto Prices Little Changed Ahead of U.S. PCE Inflation Report
The Donald Trump-themed meme coin TRUMP plummeted Thursday after the former president was found guilty of falsifying business records. The token sank as much as 35% after the verdict. Meanwhile, Jeo Boden, a meme coin inspired by President Joe Biden, soared 20%. TRUMP soon recovered though, rallying nearly 50% to just under $17, even higher than before the verdict, according to CoinGecko data. TRUMP is currently priced at $14.39, an increase of over 11% in the last 24 hours. On Polymarket, the blockchain-powered prediction market, traders continued to place money…