Author: Crypto News

Last updated: May 23, 2024 06:10 EDT | 1 min read The UK government’s Charity Commission probe has concluded that Effective Ventures Foundation, an FTX-funded charity, acted “diligently and quickly” to protect charity funds in the wake of FTX’s massive collapse.“The inquiry found that the trustees took appropriate steps to protect the charity’s funds and complied with their legal duties acting diligently and quickly following the collapse of FTX,” a press statement read.Per the investigation, the charity fund received £3.3 million ($300,000) in donations, which the trustees “ringfenced,” requesting and obtaining a Defence against Money Laundering from the National Crime…

Last updated: May 23, 2024 06:04 EDT | 3 min read Bitcoin Price PredictionBitcoin (BTC) is currently navigating resistance around $70,000. Starting the week bullish, BTC peaked at $71,957, gaining 13% over the past seven days. The rise was driven by inflows into Bitcoin spot ETFs and optimism for Ethereum spot ETF approval by the SEC.BlackRock’s IBIT Leads Bitcoin ETF Inflows and Institutional DemandU.S. bitcoin spot ETFs have seen remarkable success, particularly BlackRock’s IBIT, which captured 94.86% of recent inflows, totalling $280 million out of $305.7 million. This fund now holds nearly 282,000 BTC, closely rivalling Grayscale’s Bitcoin Trust. The…

Last updated: May 23, 2024 03:42 EDT | 1 min read Some of the biggest tech firms and crypto exchanges have partnered to launch a ‘Tech Against Scams’ alliance, aiming to tackle the growing online fraud and financial schemes.Meta, Coinbase, Ripple, Kraken, Gemini, Match Group and the Global Anti-Scam Organization (GASO) are among the alliance members.The cross-industry coalition would pool insights and expertise from various industries. The alliance aims “to protect and educate users, emphasizing that scams are a tech-wide issue, not limited to social media, crypto, or finance,” Coinbase noted in an official release.According to Global Financial Fraud assessment…

Last updated: May 23, 2024 03:40 EDT | 2 min read Crypto investor and trader Brian Kelly has suggested that Solana (SOL) could potentially become the next cryptocurrency to have a spot exchange-traded fund (ETF) in the United States.On a recent episode of CNBC’s ‘Fast Money’, Kelly, who also serves as the founder and CEO of the BKCM Digital Asset Fund, posed the question, “The trade now is, who’s next?”He then suggested, “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum and Solana are probably the big three for this cycle.”The speculation comes just a day before the Securities and Exchange Commission (SEC) is set to…

Last updated: May 23, 2024 02:06 EDT | 2 min read Investment firm Metaplanet has experienced a remarkable surge in its shares, skyrocketing 158% over the past week and emerging as the highest gainer among all Japanese stocks.The company’s share price currently stands at 93 Japanese yen, experiencing a staggering 127% increase in just two days.The rapid growth even triggered the Tokyo Stock Exchange to activate a circuit breaker trading halt on multiple occasions within the past week. With a market cap of nearly $1 billion (14.8 billion Japanese yen), Metaplanet is making significant waves in the financial market.Metaplanet Follows the Footsteps…

Last updated: May 23, 2024 01:16 EDT | 1 min read A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there.In a unanimous decision on May 22, the First District Court of Appeals threw out the emergency suspension order that Florida financial regulators issued. It ruled that the regulators failed to justify its decision to block the company from doing business.Binance.US didn’t return Cryptonews’ request for comment by press time.Florida Suspended Binance.US Amid Anti-Money Laundering ConcernsFlorida cracked down on Binance.US…

Last updated: May 22, 2024 23:57 EDT | 2 min read The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry.Its objective is to establish a fresh legal structure for digital currencies. This is despite an unconventional caution from the US securities regulator regarding the potential emergence of financial hazards.In a bipartisan vote, the House approved the Republican-sponsored Financial Innovation and Technology for the 21st Century Act (FIT21). The final tally was 279-136, with 71 Democrats joining the 208 Republicans…

With its base layer tokens and meme coins outpacing Ethereum ($ETH) so far for the year, Solana ($SOL) has been doing great. That could mean the younger Ethereum rival will outperform for all of 2024, but it may be Ethereum memes next as the cycle turns and the pendulum swings back to the leading DeFi blockchain.DogWifHat ($WIF) is an SPL token (Solana Program Library) that launched on Nov. 20, 2023. Since the start of the year, its tokens have gained 827% in value. So every dollar invested in these very popular Solana meme coins on Jan. 1 is now worth…

Last updated: May 22, 2024 21:25 EDT | 4 min read Best Crypto to Buy Now May 22 – Dogwifhat, Bittensor, Dogecoin / Source: Cryptonews Despite lots of positive newsflow on the US regulatory front on Wednesday, major cryptos spent most of the session unwinding recent gains, with investors hunting for the best crypto to buy now needing to get selective in their search for near-term gains.Bitcoin (BTC) was last down around 1.5% in the past 24 hours and trading just above $69,000.Ethereum (ETH), meanwhile, was last changing hands in the mid-$3,700s while Solana (SOL) was just under $180.Crypto markets,…

Last updated: May 22, 2024 19:55 EDT | 2 min read Dogecoin Holders Are Ditching DOGE for This New ICO – Could It Deliver 1,000% Gains? / Source: TradingView As the Dogecoin (DOGE) price remains wedged to the south of $0.17 resistance, Dogecoin holders are ditching their DOGE tokens for a new ICO called 5thScape (5SCAPE), which some investors are betting will become a major leader in the crypto AR/VR space.Dogecoin was last changing hands around $0.1650, up 11% so far this week in tandem with a broader market rally.Under normal circumstances, now might not be the best time for…