Bitcoin trader eyes CME gap with $24K BTC price dip target in play
Bitcoin may be in line for a final trip lower before recovery, analysis forecasts, with BTC price still lacking direction....
Day: May 16, 2023
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Disgruntled creditors of the bankrupt cryptocurrency lending...
EU finance ministers approve MiCA crypto regulation
European Union finance ministers vote unanimously to adopt the bloc’s Markets in Crypto-Assets regulation. The Economic and Financial Affairs Council...
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to...
Bitcoin Price Rises To $27,300 – Was Sunday’s Outside Bar The Turning Point?
Bitcoin (BTC) began the trading week in the green, reclaiming the crucial $27,000 support level. This follows last week’s disheartening...
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...
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...
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 profitable using today’s bitcoin...
Crypto bank run in 2022 catalyzed by institutional withdrawals: Research
The research suggests that the lack of insurance for depositors on these crypto platforms induced fear among retail and institutional...
Bitcoin Cash enables CashTokens upgrade on its network
BCH developer Jason Dreyzehner states that the latest upgrade incorporates support for CashTokens, which he considers a “tool for expanding...
Signature Bank failed to understand risks associated with crypto: FDIC chair
A related report penned down by FDIC Chief Risk Officer cited poor management as “the root cause of Signature Bank’s...
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...
Digital assets should be valued as ‘proper property’ — Sandbox co-founder
Around 5 billion people are online and digitally-bound assets should get the same treatment as any other type of property,...
Secret Service owns crypto, loves blockchain and has an NFT collection: Reddit AMA
In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions...
ChatGPT creator OpenAI is releasing an open-source AI model: Report
The firm behind ChatGPT is seemingly under pressure from other available open-source AI models and is prepping to enter the...
