Cryptocurrency News

Willy Woo based his latest analysis on the VWAP Oscillator's upward trend Retail investment and technical patterns seemed to support a bullish outlook too Bitcoin recorded a notable hike recThe post Willy Woo's Bitcoin price prediction: BTC has 'room to run' and that means... appeared first on AMBCrypto.

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In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […]

AVAX broke out of a two-month consolidation period Technical indicators and market sentiments seemed highly favorable for AVAX AVAX is finally out of its slump. After a considerable consolidThe post AVAX's price can rally to $50 ONLY if these conditions pan out appeared first on AMBCrypto.

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

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Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6 million). The criminal operation had been laundering money through virtual assets by creating fake customer records and forged identity data. Law enforcement […]

In a significant move towards enhancing digital currency use, Hong Kong residents can now set up personal digital yuan or e-CNY wallets, as announced by the Hong Kong Monetary Authority (HKMA). This development, part of a collaboration with the People’s Bank of China (PBoC), marks a milestone in “facilitating” cross-border transactions between Hong Kong and […]

TRUMP token's price declined significantly as its popularity waned BODEN, on the other hand, hiked on the charts Memecoin frenzy is now part of the 2024 U.S Presidential Elections, with tokeThe post TRUMP vs BODEN - Which 'Presidential' token has the advantage now? appeared first on AMBCrypto.

Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, […]

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a "fictitious" cryptocurrency” wallet after promising significant gains.

In a Brooklyn federal court on Thursday, crypto personality Thomas John Sfraga, also known as “TJ Stone”, pleaded guilty to wire fraud charges for defrauding over a dozen victims out of more than $1.3 million. Fictitious Scheme Exposed According to the US Department of Justice, from 2019 to 2022, Sfraga “falsely” presented himself as the […]

If the development activity remains flat, DOGE's price might fail to increase. The positive CLLD suggested that the price might fall to $0.12. Not many would expect that development activityThe post Dogecoin price prediction - All the reasons why DOGE can still fall to $0.12 appeared first on AMBCrypto.

Market is coming closer to substantial price level that should decide market's foreseeable future

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Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased over 440,000 Sprott Physical Gold Trust units, a closed-end fund that invests and holds its assets in physical gold bullion. Big Short’s Investor […]

There have been a number of significant developments coming out of the Shiba Inu ecosystem recently and it can be hard to keep up. So, we have compiled a list of the most important developments that community members should be aware of at this time. ShibaSwap Launches On Shibarium Blockchain The ShibaSwap decentralized exchange (DEX) […]

SHIB’s price fell by over 3% in the last 24 hours  A few metrics and indicators hinted at a trend reversal soon  Shiba Inu [SHIB] managed to break out of a bullish pattern a few days agoThe post Shiba Inu's price back to its March highs? Here are the steps... appeared first on AMBCrypto.

Keith Gill's return as RoaringKitty leads to a GameStop stock jump and potential meme coin supercycle, with crypto market liquidity remaining strong. The post Meme coin supercycle or liquidity crisis? Expert discuss RoaringKitty’s return appeared first on Crypto Briefing.

The Ontario Securities Commission (OSC) announced on May 15 that two Ontario residents have been charged with offenses under the Criminal Code of Canada as part of Project Swan, a joint investigation by the Durham Regional Police Service (DRPS) and the OSC. Aiden Pleterski, self-proclaimed “Crypto King,” is charged with fraud over $5,000 and laundering […]

The world’s largest cryptocurrency exchange, Binance, has been embroiled in a complex legal battle with Nigerian authorities over allegations of money laundering, tax evasion, and currency speculation. Two senior Binance executives are at the center of the dispute: Tigran Gambaryan, the head of financial crime compliance, and Nadeem Anjarwalla, the regional manager for Binance in […]

Base blockchain's trading volumes soar with JOJO DEX, capturing a significant share and showcasing user engagement in the ecosystem. The post Base records 212% increase in perpetual trading volumes appeared first on Crypto Briefing.

The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According to one report, over $7 million was siphoned from Flutterwave following a cyberattack in April. […]

A prominent figure in the crypto space revealed he has sold all his Bitcoin (BTC) holdings in favor of Altcoins. In an X post, the market expert claimed to still have faith in the flagship cryptocurrency and explained what he did and the reasons why. Related Reading: Spot Bitcoin ETFs Record Third Day Of Massive […]

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Bitcoin's whale activity recorded a major decline BTC broke above a descending triangle pattern, signaling a hike in buying pressure Bitcoin’s [BTC] whale activity has cratered to its loweThe post Whale Watch - Here's what Bitcoin's big players are doing this week appeared first on AMBCrypto.

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The French securities regulator, the Autorité des Marchés Financiers (AMF), has issued a renewed warning against using the digital asset platform Bybit. The AMF reminded French investors that Bybit is an unregistered crypto platform operating illegally in the country. The regulator has advised French investors who use Bybit to take all the necessary precautions to […]

On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.

Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing.

EVM compatibility is driving the rapid growth of Move-based blockchains like Sui and Aptos, as explained by Movement Labs' co-founder. The post Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder appeared first on Crypto Briefing.

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is “actively reviewing” plans, including removing support for Tether’s USDT stablecoin within the European Union (EU). The potential delisting comes as the EU prepares to implement a new regulatory framework, Markets in Crypto-Assets (MiCA), set to take […]

LINK’s price has jumped to correspond to the uptick in its whale and social activity However, key metrics suggest that a price bottom might still be in The value of LINK, the token that poThe post Chainlink's latest multi-month high - All about how it affects LINK's price appeared first on AMBCrypto.

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

Bitcoin and the broader crypto market have started to pick up slowly following the recent marketwide decline. This market recovery comes amidst Ripple CEO Brad Garlinghouse, revealing in an interview that his firm got a big win in its ongoing legal battle against the Securities and Exchange Commission (SEC). Ripple CEO Reveals Big Win Over The SEC  Garlinghouse, while speaking as a guest on Chris Vasquez’s World Class Podcast, mentioned that the biggest win in their lawsuit against the SEC came when Judge Analisa Torres ruled that the company’s secondary XRP sales weren’t securities. He claimed that moment wasn’t just The post Ripple CEO Reveals Big Win Over SEC As Bitcoin And Crypto Starts To Recover appeared first on The Merkle News.

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Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, […]

Corzo's departure is unlikely to result in a policy change

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

PRESS RELEASE. Penguiana (PENGU), a novel penguin-themed meme coin, is making significant waves within the cryptocurrency and Solana meme community. With its presale already raising over 1500 SOL, Penguiana is positioning itself as the next popular meme coin on the Solana blockchain. Penguiana (PENGU) Presale is Up and Running The Penguiana presale showcases the strength […]

ETH price hit $3,100, backed by a favorable court ruling and increased network activity.

Crypto analyst Crypto Kaleo has laid out a bullish narrative for Dogecoin (DOGE). Based on his analysis, the foremost meme coin may make a parabolic run to the upside soon enough. The analyst also alluded to history to reaffirm that this rally will definitely happen.  “It’s Almost Time” For A Good Dogecoin Pump Crypto Kaleo […]

NFT sales volume on Ethereum has dropped by 50% over the past month This, partly due to the fall in general NFT activity The sales volume for Ethereum-based non-fungible tokens (NFTs) have cThe post Ethereum NFT sales down by 50%; Is Solana faring any better? appeared first on AMBCrypto.

MakerDAO founder Rune Christensen unveils NewStable and PureDAI to replace DAI, which has a $5.4 billion market cap. The post MakerDAO founder introduces new stablecoins: NewStable and PureDAI appeared first on Crypto Briefing.

The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

ZkSync aims to empower users with a governance token airdrop, finalizing its community-led approach after the v24 upgrade in June. The post zkSync gears toward final upgrade, community eyes airdrop by end of June appeared first on Crypto Briefing.

Zug, Switzerland, May 17th, 2024, Chainwire Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launch Aleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional activities as they join [...] The post Aleph Zero Launches Alephoria: Exciting Airdrops, Tournaments, and Rewards Await Users appeared first on Blockonomi.

On-chain data shows the Bitcoin adoption rate has slowed to the lowest since July 2018. Here’s what could be behind this trend. Bitcoin New Addresses Count Has Plunged To Multi-Year Lows According to data from the market intelligence platform IntoTheBlock, an interesting trend has appeared in the Bitcoin New Addresses metric. The “New Addresses” indicator […]

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ETF volumes surged as BTC's price appreciated on the charts Number of long term holders declined though, despite recent hike in price Bitcoin [BTC]'s recent push past the $65,000-level has iThe post What Bitcoin ETFs and their record volumes tell us about HODLers appeared first on AMBCrypto.

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The Akash Network has kicked off the year with an impressive $140K in Q1 revenue.  With AI cryptos like NEAR and Raboo making significant strides, the spotlight is now on Raboo. A budding meme coin, Raboo has already amassed over $1.3 million, with over 5,000 registered members and 1,800 token holders. Priced at just $0.0042, the $RABT token is expected to skyrocket by 100x on launch day and grow 233% during the presale. Here’s why analysts are betting big on AI cryptos and AKT crypto for massive gains in 2024. Akash Network soars with $140K in revenue and a user-friendly The post Akash Network (AKT) Soars with $140K Q1 Revenue; Analysts Predict 100% Gains as AI Cryptos NEAR, Raboo Surge appeared first on The Merkle News.

Bitcoin's correlation with stock is increasing again

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US Bitcoin ETFs recover from April's outflows with $1.3 billion in recent inflows, as total management exceeds $12.3 billion. The post Bitcoin ETFs show $1.3 billion inflows and bounce back from April’s slump appeared first on Crypto Briefing.

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Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up…

A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid Laos, often called the “battery of Southeast Asia” for its extensive hydropower […]

Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

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Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance.

Solana proved to be the fastest among major blockchains, according to a report by CoinGecko.

The Bitcoin script restoration project aims to bring back and expand the functionality of Bitcoin's script language.

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Following the successful implementation of ShibaSwap to Shibarium, the project’s layer-2 scalability solution, the value of Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized crypto exchange platform and the official gas token of Shibarium saw a double-digit spike. The decentralized cryptocurrency trading tool ShibaSwap has finally returned to Shibarium, according to a statement …

Ethereum is a legacy chain that has scaled over time to address the needs of the ever-demanding global user base. To relieve the mainnet of the deluge of transactions, more layer-2 platforms have sprouted. They are cheaper to transact on and scalable, allowing users to deploy intensive decentralized applications that won’t be feasible on the […]

An April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.

Despite a security breach at Pump.fun, Solana's meme coins saw a robust surge, with DogeBoy leading at a 210% increase. The post Solana meme coins surge up to 210% despite Pump.fun incident appeared first on Crypto Briefing.

MakerDAO, the decentralized autonomous organization that created the Dai stablecoin, has revealed intentions to launch a new stablecoin called PureDai. This step is intended to provide a fully decentralized alternative to Dai, which now depends on a combination of centralized and decentralized alternative collateral. It is expected that this will take place within the next …

zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent.

Anthony Scaramucci, the co-founder of Skybridge Capital, remains optimistic about Bitcoin. He thinks it is still on its way to becoming widely adopted. He specifically mentions the increasing focus of institutional investors as a critical factor for that possibility.  In a recent interview with CNBC, Scaramucci highlighted that the regulatory obstacles previously disqualifying large-scale investors …

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Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing by 23,078 ether since April 28, 2024. LSD Protocol Reductions Continue Despite Minor Gains for […]

Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.

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Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU

XRP is one of the cryptocurrencies that has persevered in the market and managed to retain a strong following despite performing poorly in the last few years. The legal battle between Ripple and the United States Securities and Exchange Commission (SEC), which is the major culprit behind this poor performance, has yet to end. However, […]

At press time, NOT had a market cap of just over $681 million  Meanwhile, buying pressure on TON hiked on the charts The wait is now over as the much-talked-about Telegram-based crypto NotcThe post Notcoin's [NOT] 'rocky' launch - How a $1 billion start ended with a major sell-off appeared first on AMBCrypto.

PRESS RELEASE. Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector. Token Terminal Analysis Token Terminal’s comprehensive report offers crucial insights into key […]

With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoins listing.

A Solana-centric staking protocol known as Solayer amassed $20 million in a mere forty-five minutes while it was still in the process of being introduced. It occurred during the Genesis Epoch 0 phase. This involved limited time, a limited cap, and the assemblage of a fair amount of important investors in the Solana ecosystem. A …

Anichess, a subordinate of Animoca Brands and a specific game (related to Chess) which is developed due to cooperation between Chess.com and Magnus Carlsen, who is renowned for being a 5-time world chess champion, has just announced its partnership with Team Secret, a prominent and burgeoning international esports brand. The objective of this partnership is …

Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.

Following a recent airdrop, the Notcoin project expressed gratitude to Telegram founder Pavel Durov.

The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day. $120M in Crypto Positions Liquidated as Bitcoin Climbs Above $67K Bitcoin short […]

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The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.

Old Ethereum wallets move big money as ETH price spikes

Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 BTC, valued […]

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Take a look at what U.Today has prepared for you in its latest crypto news digest!

Has price of SHIB garnered enough energy to rise in midterm?

MicroStrategy chairman Michael Saylor's post sparks interest as Bitcoin regains $66,000

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The emergence of staking tokens has not gone unnoticed in the crypto space. Their unique utility and profitability margins give them an edge in the crypto market. Older tokens like Polkadot (DOT) and Binance Coin BNB have made several traders millionaires, and the arrival of newer ones like ETFSwap (ETFS) presents a unique opportunity for [...] The post Which Staking Token Has The Bigger Appeal: Binance Coin (BNB), ETFSwap (ETFS), Or Polkadot (DOT)? appeared first on Blockonomi.

Has accumulation period of DOGE ended yet?

sUSD, Synthetix’s stablecoin, is undergoing a critical phase in preparation for the V3 release, which will result in enhanced decentralization and upgradability. The previous V2x mechanism encouraged participation by minting the SNX token. It differs from the present version in that it brings in and disburses actual yield, has a buyback and burn system, and …

Oklahoma has passed a bill to safeguard residents' rights to self-custody digital assets, including crypto, effective Nov. 1.

Kraken is reviewing its support for Tether's USDT in the EU as new MiCA regulations approach and impact stablecoin operations. The post Kraken may delist USDT in EU to comply with MiCA appeared first on Crypto Briefing.

CryptoQuant CEO Ki Young Ju has predicted when current bullish cycle could potentially end

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Spot Bitcoin ETFs offset April losses in the first two weeks of May.

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Coinspeaker Over 80% of New Tokens on Binance Decline in First Six Months Despite the overall market slump, five tokens, including MEME and ORDI, maintained their value amidst a challenging environment Over 80% of New Tokens on Binance Decline in First Six Months

Coinspeaker io.net Partners with Synesis One to Boost AI Development Synesis One and io.net will push into the exploration of integrated solutions, particularly those that are tailored to the needs of enterprise clients. io.net Partners with Synesis One to Boost AI Development

Dan Tapiero weighs in on Bitcoin liquidity, names catalyst to watch

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The Depository Trust and Clearing Corporation (DTCC), recognized as the world’s largest securities settlement system, has successfully completed a pilot project in collaboration with the blockchain oracle Chainlink and multiple major U.S. financial institutions. The term “Smart NAV” given to this pilot project intended to establish an agreed process of getting and circulating funds’ net …

Former US President Donald Trump has found himself at the epicenter of a cryptocurrency-fueled windfall. Data from market intelligence firm Arkham Intelligence reveals that Trump’s cryptocurrency portfolio has surged by a staggering 4,000% – a gain largely driven by the meteoric rise of the “Save America” meme coin, affectionately dubbed “TRUMP.” Related Reading: NFT Market […]

Historical data using the MVRV ratio indicated a possible 31% hike for MATIC in the mid-term Old tokens have refrained from moving - A sign that another correction might be unlikely A cruciaThe post MATIC price's breakout odds depend on THESE key metrics appeared first on AMBCrypto.

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SEC veteran Marc Fagel delivers remarks on cryptocurrency enforcement and mixed verdict in Ripple case

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The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global linkage of a faster payment […]

After announcing a new initiative, the Chainlink token has become a growth leader in the crypto market.

As per the consensus among analysts, the forecast for Bitcoin indicates that it will undergo a transient upswing prior to a downturn. According to Ali, a prominent cryptocurrency analyst, caution should be exercised when selling Bitcoin. He further emphasizes this by using his TD sequential indicator, which highlights the temporary nature of Bitcoin’s upswing and …

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The previous week, wallets using Solana non-fungible tokens saw a price surge. This increase in activity is a tangible reflection of the huge popularity and growing participation in the Solana NFT system.  Solana is one of the top-notch non-fungible token platforms, followed by Bitcoin and Ethereum. The Solana nonfungible token has eventually become a stupendous …

Binance is reportedly partnering with Taiwanese officials to solve financial crimes. The exchange’s Financial Crimes Compliance (FCC) department reportedly collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to resolve a financial crime of over $6.2 million.  The crime allegedly involved criminals using crypto platforms to launder stolen digital assets. […] The post Binance Assists Taiwan in Cracking Down $6M Fraud appeared first on Altcoin Buzz.

Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?

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While Dogecoin (DOGE)’s recent 13% uplift highlights the ongoing influence of Bitcoin (BTC) on altcoins, Option2Trade (O2T) presents a refreshing alternative. O2T’s independent operation, innovative features, and strategic market approach make it a compelling investment choice. As Dogecoin (DOGE) continues to navigate the waves of Bitcoin’s (BTC) performance, Option2Trade (O2T) is charting its own path, promising a future of stability and growth for its investors. Dogecoin (DOGE)’s Recent Surge: A 13% Uplift Dogecoin (DOGE)’s 13% uplift has reinvigorated interest in the meme-inspired cryptocurrency. This surge is a testament to Dogecoin (DOGE)’s resilience and its ability to capitalize on broader market The post Dogecoin (DOGE) Latest Updates: Doge 13% Uplift Rest On BTC Next Move, Here’s Why O2T Coin Is Different appeared first on The Merkle News.

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Imagine a cryptocurrency that combines the internet’s obsession with dog memes and the exciting world of artificial intelligence (AI). That’s exactly what the team behind WienerAI (WAI) has devised – an approach that has helped them raise over $2 million in the project’s ongoing presale phase. WienerAI – The AI-Powered Meme Coin Revolutionizing Crypto Trading […]