Crypto news

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The European Parliament has approved some of the most sweeping digital currency regulations the continent has ever seen. A digital euro is also planned to go into effect at some point later in the year. European Regulators Are Getting Serious The goal is to prevent all crypto traders from ongoing abuse and...

Cathie Wood stated that NVDA stock is priced ahead of the curve and trading at 25X expected revenue for this year. Ark Invest‘s Cathie Wood, known for taking bold bets on new-age tech companies, has justified their exit from Nvidia (NASDAQ: NVDA) earlier this year. Last Wednesday, May 24, NVDA stock jumped by more than 20% in a single day moving closer to the $400 level. In her tweets on Monday, May 29, the ARK Innovation ETF (ticker ARKK) manager justified the exit from the stock....

The 2-year and 10-year Treasury yields dropped Tuesday as investors await the legislative voting outcome on the debt ceiling bill.   US Treasury yields slumped today ahead of a Congress on the federal government’s proposed debt ceiling bill. Treasury yields tumbled Tuesday as markets reopened, with investors bracing themselves for a lawmaker vote on the Biden administration’s 11th-hour debt ceiling proposal. Late Sunday, US President Joe Biden and House Speaker Kevin McCarthy struck a...

US presidential candidate Robert F. Kennedy Jr. shared his disapproval of SEC’s enforcement action against the crypto industry and plans to include crypto-friendly members on the board when elected president. In an exclusive interview with TheStreet, Robert F. Kennedy Jr. (RFK Jr.), an aspiring US presidential candidate, criticized the Securities and Exchange Commission (SEC) for taking an enforcement approach to regulating the crypto industry. Kennedy said such a heavy regulatory...

VanEck analysts have explained in detail why ETH price could rise above $11K by 2030, with revenue of more than $50 billion. According to a VanEck report, the Ethereum (ETH) price could hit $11.8K by 2030. The global investment manager exposited its ETH price predictions earlier in the month. On May 9th, VanEck’s Digital Assets Research Head, Matthew Sigel, and Digital Assets Senior Investment Analyst Patrick Bush made the bold claims. The duo provided a detailed valuation methodology...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price is showing positive signs above the $0.3720 zone against the US Dollar. The price is now trading above $0.375 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.3700 on the 4-hours chart (data feed via Coinbase). The price could gain...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is moving higher above the $1,880 resistance against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $1,880 on the 4-hours chart (data feed from Coinbase). The pair could climb further if...

Indonesian province Bali has stated that tourists are not allowed to make payments with cryptocurrency, warning that violators “will be dealt with firmly.” The government is looking to curb the influx of foreign tourists as a way to tackle problematic foreigners who violate local laws. Offending Foreign Tourists to Face Tough Sanctions Bali will take action against foreign tourists who use cryptocurrency for payment, according to the province’s Governor Wayan Koster, who...

Bitcoin users have registered over 10 million inscriptions into the Bitcoin blockchain using the newly popular Ordinals protocol.  The milestone comes shortly after Ordinals founder Casey Rordamor stepped down as the project’s lead maintainer on Saturday. Ordinals’ Blistering Growth According to data from Dune Analytics, Bitcoin sports exactly 10,018,046 Ordinals inscriptions at writing time – the vast majority of which were recorded over the past month alone.  An inscription...

Seychelles-based cryptocurrency exchange OKX published its seventh proof-of-reserves (PoR) report in line with efforts to push the new industry standard of transparency and trust within the crypto community. The new report shows that OKX has reserves of $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets. OKX Releases Seventh PoR Report The audit, which was concluded on May 19, 2023, shows that OKX’s current reserve ratios are 103% for BTC, 103% for...