Quick Look
Celsius adds over 428K stETH to Lido’s lengthening withdrawal queue
Bankrupt crypto lending firm Celsius is anxious to get its staked Ether (ETH) stash back from liquid staking platform Lido, which enabled...
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto...
ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining
On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins,...
Metacade Price Prediction as MANA, SAND, Enjin Tokens Jump
Gaming and metaverse tokens jumped sharpy on Wednesday morning. Decentraland, Sandbox, and Enjin were among the best performers. This...
Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against...
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South...
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a...
Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created
Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens...
‘Trusted’ marketplace sold fake Trezor wallets stealing crypto: Kaspersky
Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the...
Crypto community reacts to Ledger wallet’s secret recovery phrase service
Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the...
Can you recover stolen Bitcoin from crypto scams?
The process of recovering stolen Bitcoin (BTC) from cryptocurrency scams is difficult and complex. The prevalence of cryptocurrencies has...
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57,...
3 reasons why Ethereum price could struggle at the $1.9K level
Since May 12, Ether (ETH) price has been struggling to sustain its $1,800 support level as investors face pressures from a worsening...
Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy
Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced...
Optimism’s major ‘Bedrock’ upgrade set for June 6
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in...
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning,...
Bitcoin Cash enables CashTokens upgrade on its network
The Bitcoin Cash (BCH) network underwent a major upgrade on May 15, allowing developers to create tokens with the same properties as BCH....
Bitcoin trader eyes CME gap with $24K BTC price dip target in play
Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed buoyant about upside continuation. BTC/USD 1-hour candle chart on Bitstamp....
OP price down 23% in May, but can Optimism ride the Bedrock upgrade?
The Bedrock upgrade could be a major positive for Optimism, boosting the price of OP. Increased adoption of Optimism could see further...
Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is...
Bitcoin Lightning company River raises $35M amid ‘new wave of institutional adoption’
The tide might have gone out on Bitcoin Ordinals, but there’s a strong undercurrent of investments in Bitcoin-only companies. River, a...
SDM Financial to Present Informative Webinar on Digital Asset Derivatives for Miners, Funds, and HNWIs
PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday,...
‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky
Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the...
Metacade price bullish as the release of Apple’s new virtual reality headset nears
The native tokens of metaverse projects saw a significant price surge after news of Apple venturing into mixed reality. Apple is expected...
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will...
SEC Chair Gensler claps back at Coinbase, says crypto rules already exist
The chair of the United States Securities and Exchange Commission, Gary Gensler, has hit back at Coinbase’s petition compelling the agency...
SEC seeks denial of Coinbase petition for imminent crypto rules
The United States Securities Exchange Commission has finally given a formal response in court in relation to Coinbase’s petition for clear...
Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?
The launch of BRC-20 tokens and Ordinals NFTs on Bitcoin has transformed the No. 1 blockchain overnight into a clunkier version of...
ROSE price prediction ahead of Oasis Network token unlock
Oasis Network will have a token unlock event on 18th May of this year. The network will unlock tokens worth $10.7 million, equivalent to...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data
Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two...
Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues
Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar....
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new...
J’JO’s Crypto Index Investing: Protecting Portfolios From Risks and Increasing Returns
The global crypto market is expanding steadily despite recent bearish sentiments. Over 119 million people worldwide started owning...
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come...
Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar
The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in...
Economist Peter Schiff Warns About a New, Incoming Great Depression Crisis, Criticizes Misleading Inflation Numbers
Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America....
Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA
The United States Secret Service owns crypto, has its own NFT collection and has praised blockchain technology’s ability to fight...
Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are...
Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High
Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s...
US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known...
Amid ‘Regulatory Apparatus’ Against Crypto, Paul Tudor Jones Maintains Bitcoin Allocation
In a recent interview, the renowned investor Paul Tudor Jones expressed his perspective on bitcoin, acknowledging that there might be...
Merov Introduces a Suite of Services for the Bitcoin Mining Industry
Salem, Oregon, May 15th, 2023, Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the...
Price analysis 5/15: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon told Bloomberg on May...
Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target
Bitcoin saw five-day highs on May 15 as a rebound continued after the Wall Street open. BTC/USD 1-hour candle chart on Bitstamp. Source:...
$28,000 Bitcoin is in the cards, but it won’t happen without a struggle
Bitcoin’s price declined for eight consecutive days through May 13, totaling a 9.4% correction. The last time such a losing streak...
This Bitcoin options strategy allows early bird traders to prepare for BTC’s next breakout
Bitcoin’s price broke below its 55-day resistance at $27,000 on May 12, down 12.3% in 30 days. But more importantly, it decoupled from the...
Digital asset market shrinks as fund outflows reach $200M: CoinShares
On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that...
Bitcoin Price Outlook for May
Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another...
Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged...
Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million
PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap,...
Biggest Movers: LTC, SOL Climb to 1-Week Highs on Monday
Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the...
LOVESNOOPY’ Token Lists on MEXC Exchange
Seattle, USA, May 15th, 2023, Chainwire The recent surge of meme coins in the cryptocurrency market is nothing short of a phenomena, as...
US Justice Department on the hunt for DeFi hackers and thieves: Report
The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a...
Bitcoin a top 3 asset in the event of US debt default: Survey
Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States,...
Bitcoin price prediction: analyst’s BTC forecast amid bulls attempts to reclaim key area
Bitcoin price has recovered from its dip to $25,800, with price currently above $27,400. BTC could continue to bounce into the...
Bitcoin Cash Achieves Milestone Upgrade, Unleashing Cashtokens’ Transformative Features
On May 15, 2023, the Bitcoin Cash network achieved another annual milestone by seamlessly integrating four cutting-edge features into its...
Sink or swim at $27K? 5 things to know in Bitcoin this week
Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting within a crucial zone. After closing the weekly...
South Korean lawmaker leaves political party amid crypto investment controversy
South Korean lawmaker Kim Nam-kuk has announced his departure from the Democratic Party over his alleged crypto dealings while legislating...
Make 500% from ChatGPT stock tips? Bard leans left, $100M AI memecoin: AI Eye
Your guide to the exhiliarating and vaguely terrifying world of runaway AI development. It’s been a hell of a couple of weeks for...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000
Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month...
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year
Analysts have criticized the new ‘de-risking’ strategy that the U.S. is currently using against China, explained by U.S....
Reef Labs Is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East
PRESS RELEASE. Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain,...
Samsung to research South Korea’s CBDC for offline payments
Tech giant Samsung Electronics has reportedly partnered with South Korea’s central bank to conduct research on central bank digital...
South Korean Politician Quits Party Over Crypto Scandal
A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments inconsistent with his...
Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
The number of Bitcoin (BTC) wallet addresses holding one whole BTC or more has surpassed the one million mark. The one million wholecoiner...
Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been...
Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week....
China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping
Chinese and French foreign ministers have expressed readiness to strengthen cooperation and pursue a “close and enduring...
Harvard Economics Professor: US Default Could Spark Global Financial Crisis
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has...
BTC miner Rhodium faces lawsuit over alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action in an effort to recover “more than $26 million” in...
‘Significant risk’ of US Treasury running ‘out of funds’ soon: Report
The United States government faces a “significant risk” of no longer meeting all of its financial obligations as early as June, as per a...
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative...
Bitcoin’s recovery may trigger buying in these 4 altcoins
The S&P 500 Index (SPX) closed the week with a nominal loss of 0.29% but Bitcoin (BTC) is on target to finish the week with a deeper...
Bitcoin price hits $27.2K, but new analysis warns more losses ‘likely’
Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours. BTC/USD 1-hour candle chart...
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s...
NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales
Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding...
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC)...
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed...
Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review
Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting “bank...
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits...
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the...
XRP/USD price prediction: $0.3 must hold for bulls to still hope
XRP/USD gave away half of the 2023 gains A bearish channel points to more weakness $0.3 must hold for bulls to still hope Cryptocurrency...
Gallup Poll: Americans’ Preference for Real Estate, Crypto Plunges — Fondness for Gold Skyrockets
A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term...
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action in an effort to recover “more than $26 million” in...
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The...
BTC price bounces at $25.8K lows amid warning over low whale interest
Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp)....
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
A million-dollar question in crypto might be whether tokens can be considered securities in the United States, with some crypto companies...
Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13
Top Stories This Week Coinbase calls Pepe a ‘hate symbol,’ prompting calls to boycott the exchange An email sent out to Coinbase customers...
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage...