Author: Crypto News

For the past 30 days ending May 14, meme coin prices surged despite the overall market continuing to capitulate from mid-March highs following Bitcoin notching a two-year plus all-time record price high. Pepe Coin (PEPE), Bonk (BONK), and Floki (FLOKI) all led cryptocurrency gains. Floki moved 34% higher on crypto exchanges. Pepe went parabolic 110%.Meanwhile, Bitcoin ETF issuer VanEck launched a Meme Coin Index, a big break for dog money on Wall Street. Meme finance is so hot in May that the original meme stock, Gamestop (NYSE:GME), moved up the chart over 100% this week, after the Reddit WallStreetBets forum…

Last updated: May 23, 2024 23:58 EDT | 2 min read The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress.This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC could be used for government control over citizens’ finances.The Fed itself hasn’t yet come out with a solid proposal to launch a digital dollar. But, the House vote reflects ongoing concerns among Republicans – including…

Bitcoin Price Prediction Bitcoin (BTC/USD) is currently trading at $67,835, down 2.25% over the past 24 hours, signalling a bearish Bitcoin price prediction. The green line at $68,263 serves as the pivot point, which is crucial for determining the trend direction. Immediate resistance levels are at $70,029, $71,458, and $73,299. These levels could act as significant barriers to upward movement. On the downside, support levels are identified at $66,357, $64,947, and $63,490, offering potential buying opportunities if the price continues to decline. The Relative Strength Index (RSI) is at 42.35, indicating that Bitcoin is approaching oversold conditions, which could suggest…

Last updated: May 23, 2024 20:02 EDT | 2 min read In wake of news breaking that the SEC has proved eight Ethereum ETFs, crypto markets are experiencing volatility and investors are hunting for the best crypto to buy right now to benefit from Ethereum ecosystem growth. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening. h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT — James Seyffart (@JSeyff) May 23, 2024Ethereum (ETH) hasn’t vaulted higher in wake of the news and was last just under $3,800.That said, it’s still up around 25% on the…

Last updated: May 23, 2024 19:36 EDT | 2 min read Ethereum Price Prediction as SEC Approves Ethereum ETFs – Where is ETH Headed Next? / Source: Cryptonews The Ethereum (ETH) price is trading choppy in late Thursday trade as in wake of news dropping that the US SEC has approved spot Ethereum ETFs, a spectacular u-turn that has shocked the market that, up until one week ago, was betting that Ethereum ETFs would be rejected this week. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening. h/t @PhoenixTrades_…

Last updated: May 23, 2024 19:30 EDT | 2 min read South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.”Police think the international gang ran an “open chat room,” likely a crypto Telegram group or a KakaoTalk open chat, which pretended to offer bona fide crypto trading tips.Instead, officers said, the gang “defrauded 308 investors” out of some $18.8 million.Reading Room – ‘Crypto Fraud Gang Preyed on Victims’Police spokespeople said some gang members posed as crypto experts in chat groups. Others pretended to be ordinary investors.These members allegedly claimed…

Last updated: May 23, 2024 18:09 EDT | 2 min read In a dramatic turn of events, Tigran Gambaryan, a detained executive of cryptocurrency exchange Binance, collapsed in court due to alleged ill health during his ongoing money laundering trial on May 23, as reported by Vanguard. The incident occurred at the Federal High Court in Abuja shortly after the case was called for continuation before Justice Emeka Nwite.Gambaryan, a U.S. citizen, and British-Kenyan national Nadeem Anjarwalla face charges of laundering over $35 million and engaging in specialized financial activities without a license. Both executives have pleaded not guilty.Detained Binance…

Last updated: May 23, 2024 18:06 EDT | 3 min read Uniswap Price Prediction as UNI Reaches For The $10 Mark – Is $50 Possible? / Source: TradingView The Uniswap (UNI) price just dipped to $9.0, just as hopes had been rising that it was about to reach the $10 mark. UNI is now around 10% down from earlier session highs in the $9.80s.No single catalyst can explain the decentralized exchanges (DEX)’s abrupt reversal.Rather, UNI’s intra-day turn-around is in tandem with a sell-off in the broader market.Bitcoin (BTC) just dipped back below $67,000, having touched $72,000 earlier this week.Other major…

Last updated: May 23, 2024 18:06 EDT | 1 min read The U.S. Securities and Exchange Commission (SEC) just approved eight spot Ethereum ETF applications through an omnibus order on Thursday in a landmark move signaling growing acceptance of cryptocurrencies within traditional finance.The SEC’s decision arrived just four months after the regulator greenlit the first spot Bitcoin ETFs, marking a rapid shift in the regulatory environment.Ethereum ETF Approvals Follow Last-Minute ScrambleThe SEC granted approval for 19b-4 forms submitted by financial giants, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. Despite the initial hurdle being cleared, ETF…

Last updated: May 23, 2024 16:26 EDT | 1 min read A dormant Dogecoin (DOGE) whale with a wallet balance of 893,303 DOGE (about $145,101) became active on May 22 after over 10 years of inactivity. The account made a transaction for the first time since May 2014. The sudden resurgence has sparked fears about the impact of such a transaction on Dogecoin’s price trend.According to Whale Alert, the Dogecoin Whale transferred 23,338 DOGE, valued at about $4,000, to Binance, the world’s largest cryptocurrency exchange.Dogecoin Whale Owns 869,964 DOGE Despite Huge TransferDespite the big transfer, the whale still holds over…