BCH developer Jason Dreyzehner states that the latest upgrade incorporates support for CashTokens, which he considers a “tool for expanding financial access.”
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Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report by the FDIC chief risk officer cited poor management as “the root cause of Signature Bank’s failure.”
Optimism’s major ‘Bedrock’ upgrade set for June 6
The much-needed upgrade will provide a number of improvements across the network, and come at a time when competition in the layer 2 space has been heating up.
Optimism’s major ‘Bedrock’ upgrade set for June 6
The much-needed upgrade will provide a number of improvements across the network, and come at a time when competition in the layer 2 space has been heating up.
Apple's new headset could put a rocket under metaverse tokens
Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry.
In January, the native tokens of blockchain-based metaverse projects Decentraland (MANA) and Sandbox (SAND) witnessed significant surges in price, due partly to swirling rumors about Apple’s venture into mixed reality.
This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven memecoins, spoke of the upcoming release as a potential driver of metaverse token prices.
In conversation with Cointelegraph, eToro market analyst Josh Gilbert believes the new headset will set the markets ablaze, owing in large part to Apple’s proven ability to deliver high-quality, market-shifting products, stating:
“When Apple does it, they usually do it right.”
Celsius moves $781M in stETH just as Lido withdrawals open
The bankrupt crypto lender has been moving its massive stash of staked Ethereum.
SEC rebukes need for imminent crypto rulemaking, seeks denial of Coinbase petition
Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC's response, asserting that they will happily continue overseeing the sector via regulation as enforcement.
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant.
US Secret Service holds crypto, praises blockchain tech in Reddit AMA
In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions and revealed their little-known NFT collection.
US Secret Service holds crypto, praises blockchain tech in Reddit AMA
In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions and revealed their little-known NFT collection.
Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’
When asked about CBDCs during a conference on transportation, Kashkari had a response on the tip of his tongue, and it wasn’t encouraging for CBDC fans.
$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals
Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature.
Digital asset market shrinks as fund outflows reach $200M: CoinShares
According to CoinShares, digital asset investment products saw outflows totaling $54 million last week.
This Bitcoin options strategy allows early bird traders to prepare for BTC’s next breakout
Crypto traders expected a price reversal could use this options strategy to get positioned in Bitcoin.
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 S&P 500 Index, which is basically flat from 30 days ago and 15% below its all-time high.
Bitcoin price in USD (right) vs. S&P 500 futures (left), 12-hour. Source: TradingViewAs the chart indicates, for some reason, Bitcoin (BTC) investors believe that the favorable macroeconomic trends for risk markets were overshadowed by the increasing risk perception of the cryptocurrency sector.
Financial crisis could fuel Bitcoin’s price increase
For starters, there’s the impending United States government debt ceiling crisis, which, according to U.S. Treasury Secretary Janet Yellen, could cause an “economic and financial catastrophe." The increased risk of default should, in theory, be beneficial for scarce assets, as investors seek shelter from a weaker U.S. dollar.
The $5.6 trillion commercial real estate market in the U.S. is subject to additional risks due to high interest rates and troubled regional banks. Guggenheim Partners chief investment officer Anne Walsh stated, “We’re likely going into a real estate recession, but not across the entire real estate market."
There is also positive news on the cryptocurrency regulatory front, as the industry gathers additional support against the regulatory efforts of the U.S. Securities and Exchange Commission (SEC). The U.S. Chamber of Commerce filed an amicus brief on May 9, defending the Coinbase exchange and accusing the SEC of deliberately creating a precarious and uncertain landscape.
Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hacker and ransomware users; lax security played a role.
$28,000 Bitcoin is in the cards, but it won’t happen without a struggle
Professional Bitcoin traders displayed strength after the BTC price corrected to $25,830, favoring further bullish momentum.
Bitcoin offers 'good signs' as analysts retain $40K BTC price target
Bitcoin is showing the strength it needs for continuation higher, says Michaël van de Poppe, after key trend lines are preserved.
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: TradingView$40,000 “still a magnet” for BTC price
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,666 on Bitstamp.
Bitcoin (BTC) on Bitstamp held strength on hourly timeframes after a weekly close just below the $27,000 mark.
With United States equities in a tight range on the day, crypto analysts looked for cues over where markets might go next.
For Michaël van de Poppe, founder and CEO of trading firm Eight, the outlook was good.
Price analysis 5/15: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
The debt ceiling talks remain in focus and are likely to dictate the price action in the S&P 500, DXY and cryptocurrency markets in the near term.