Quick Look
Interest rate hike speculation triggers outflows from crypto investment products: Report
On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated...
Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures
Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International...
Crypto.com Unveils Amy: An AI-Powered Companion for Crypto Enthusiasts
This year, the world has witnessed a surge in the popularity of artificial intelligence (AI) software, with a plethora of cutting-edge...
SEC crackdown on crypto staking in the US could boost decentralization
The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether...
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance...
Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change
While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching...
Biggest Movers: DOT Drops to 6-Week Low on Tuesday
Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term...
Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his...
Crypto and AI: Control the robots, incentivize the humans
Text generator ChatGPT is the fastest-growing consumer app ever, and it’s still growing rapidly. But the dirty secret of AI is that humans...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision
Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate...
ARK Invest spends Int’l Workers’ Day buying $8M in Coinbase shares
ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying...
Bitcoin price sweeps lows, but analysis still predicts a $25K dive
Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multiday lows. BTC/USD 1-hour candle chart (Bitstamp). Source:...
Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals
A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared...
India, Russia Mull Payment System Integration in Face of US Sanctions
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future...
Ethereum Shapella Upgrade Sets the Stage in Latest ProBit Global Trading Contest
PRESS RELEASE. ProBit Global has announced the native asset for the Ethereum network, ETH, as the next token for its series of trading...
Analysts Consider US National Security Policy a Pretext to Establish Trade Sanctions Against Other Countries
International analysts have called out the supposed use of the national security policy of the U.S. as a tool to justify the establishment...
Bitcoin Cash Smart Contracts ‘Comparable to Those on Ethereum’ Possible via May Upgrade, ‘1000x Efficiency Advantage’: Dev Jason Dreyzehner
Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the...
Bitcoin hash rates threaten blockchain decentralization
Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary...
MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit
Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its...
Darknet hackers are selling crypto accounts for as low as $30 a pop
Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as...
Putin Says Multipolarity Trend Will Intensify — Warns Those Who Do Not Follow Will Lose
Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not...
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as...
Level Finance confirms $1M exploit due to buggy smart contract
Decentralized exchange Level Finance has experienced a security breach allowing an attacker to steal more than $1 million of the...
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to...
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm,...
ChatGPT more empathetic, provides higher-quality advice than doctors
By Paul McClure, Research has found that, compared to human doctors, ChatGPT provides more empathetic, higher-quality answers to patient...
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that...
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the...
Paysenger Launches IDO as the Platform Looks to Solve the Challenges of AI-Generated Art
PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive...
Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback
Bitcoin (BTC) saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the...
Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar
Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters....
Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
JPMorgan Chase emerged as the winner in the auction to acquire the deposits and a “substantial majority of assets” of the troubled bank...
Biggest Movers: LTC Back Under $90.00, as SOL Extends Declines
Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is...
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality...
AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains
Your biweekly roundup of cool AI stuff and its impact on society and the future. The past two months have seen a Cambrian explosion in the...
What is Immutable, explained
Immutable is a game development platform that simplifies building Web3 games on the Ethereum blockchain. Headquartered in Sydney...
Second-biggest US bank failure — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week digesting major macroeconomic news as the United States sees the second-largest bank failure in its...
Tokens but not crypto: Nigeria SEC prepares new digital asset rules
Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for...
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators
On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events
Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal...
Ethereum price prediction: Here’s why FRC collapse matters
ETH price remained under pressure in the past few days. The collapse of First Republic Bank matters for cryptocurrencies. Ethereum price...
Top Indian Banker Says US Dollar Has ‘Disproportionate Power’ as Reserve Currency; Retracts ‘Biggest Financial Terrorist’ Remark
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the...
Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target...
Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week....
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022,...
BRICS to Promote National Currencies Before Issuing Common One
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The...
Jack Dorsey’s nano Bitcoin mining chip heads to prototype
Block, the financial services and technology company owned by former Twitter CEO Jack Dorsey, has announced it has completed the prototype...
SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
The United States securities regulator has handed down nearly $4 million in fines to crypto exchange Coinme for allegedly offering...
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in...
2 reasons why Bitcoin Ordinals are ‘positive’ for BTC: Grayscale
Bitcoin (BTC) Ordinals — also known by some as Bitcoin NFTs — could renew developer enthusiasm for Bitcoin and boost mining fees,...
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a...
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to...
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to...
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase....
Russian Official Expects Agreement on BRICS Currency This Year
The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as...
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week,...
Shiba Inu (SHIB) and Aptos (APT) price outlook as Bitcoin (BTC) tests resistance near $30k
Bitcoin’s dip below $30,000 and subsequent retest of resistance above$29k highlights the past week’s top coins outlook. Shiba...
Litecoin price prediction: can bulls pick up new momentum for LTC?
Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60. While price has rejected twice above $100, the area...
Casper price prediction: what next for CSPR after 60% rally in April?
Casper Network price rose over 60% in April, hitting a high of $0.060. CSPR traded at around $0.059 at the time of writing, about 6% up in...
NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023
Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data...
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points...
Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade
Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536,...
Satoshi’s Last Emails: ‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, and More — Week in Review
Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known...
YouTube helps recover hacked channel that attempted XRP crypto scams
Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP...
‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp)....
Crypto price predictions: Chainlink, Filecoin, Pepe
Cryptocurrency prices had a mixed performance last week as investors focused on the impending collapse of First Republic Bank (FRC)....
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will...
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha...
Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges
After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency...
FDIC pins Signature Bank’s failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor...
Bitcoin Network Hits 75% Progress Towards Next Reward Halving
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin...
US Senator Rand Paul Warns of US Dollar Losing Reserve Currency Status — Says ‘It’s Not an Unfounded Prediction’
U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both...
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like...
Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29
Top Stories This Week Circle launches cross-chain USDC transfer protocol Circle launched a cross-chain protocol that enables USDC...
Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to...
Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar...
Japan’s Inflation Surges to 3.5% as New BOJ Governor Takes the Helm
This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to...
Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to...
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April,...
First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles
According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal...
Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag
Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took...
What moves the cryptocurrency market?
Bitcoin moves the cryptocurrency market Its dependency on the US dollar increased Bitcoin holders better believe that the US...
Ethereum and Tether – the only cryptocurrencies keeping pace with Bitcoin
Bitcoin makes up about 48% of the total cryptocurrency market capitalization The share rises to 75% if we include Ethereum and Tether...
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4...
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be...
Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence
A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed...
Putin: US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America
Russia’s president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in...
Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals
A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the...