Tag: Crypto

Pyth Network launches GMCI 30 crypto market index

The Pyth Network has announced the launch of the GMCI 30 Index Price Feed, making the GMCI crypto market price index accessible to over 60 blockchain ecosystems.  This launch is a step towards providing smart contract and blockchain developers with real-time financial data. “We are excited to announce that Pyth Network will be streaming GMCI index prices,” said Maarten Botman, CEO of GMCI. “This collaboration represents a significant step forward in our mission to become the benchmark of choice in the crypto space.” GMCI specializes in creating indexes for digital…

Bitcoin Price (BTC) Heads Lower in Crypto Market Slump

“$66K seems like equilibrium,” said well-followed analyst Skew in an X post, who along with others is trying to decode a market that won’t go sustainably higher despite a lot of recent bullish news: improving inflation data, a Bitcoin-friendly presidential frontrunner in Donald Trump, spot ETH ETF approvals, and other risk asset markets (namely U.S. stocks) ripping to new all-time highs. Source

Crypto experts deliver exciting Bitcoin price forecasts

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Bitcoin price has remained in a tight range in the past few weeks. It peaked at $71,935 last week, where it found substantial resistance. BTC was trading at $68,000 on Thursday, down by about 8% below its highest point this year. Analysts are bullish on Bitcoin Cryptocurrency experts are increasingly bullish on Bitcoin prices. In April, Cathie Wood of Ark Invest upped her long-term price target to $3.8 million, making her one of the most bullish investment pros in the industry. Most recently, Michael Novogratz, the billionaire founder of Galaxy…

Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities

“Within that drafting slot, there are various reforms and each has a different priority to the payments reforms, which would include our proposed framework for regulating stablecoins sit within that same slot, and they’ll be sort of done one after the other. Given that overlap, reps (representatives) are hoping that both of them will be released at the same time.” Source

As UK Elections Approach, Crypto Industry Leaders Turn Attention to Keir Starmer, Labour Party

With U.K. opinion polls indicating a strong performance by the Labour Party in the July 4 elections, crypto executives and lobbyists are reportedly focusing their attention on party leader Keir Starmer. The crypto industry has also prioritized two other pro-tech Labour Party leaders in its ongoing effort to influence the U.K. government’s policy on digital […] Source CryptoX Portal

Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was […] Source CryptoX Portal

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here’s The Timeline

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Cardano is one of the cryptocurrencies that continues to see bullish expectations from crypto analysts. One crypto analyst, in particular, who gets by @Av_Sebastian on X (formerly Twitter), believes that the Cardano price can rise as high as $2, crediting the upcoming Chang upgrade as the reason for this. Cardano Will Reach $2 Soon In a post on X (formerly Twitter), the crypto analyst revealed their expectation for the Cardano price, saying it could rally more than 300% from here. Sebastian explained that the reason for this is the upcoming…