Author: Crypto News
Last updated: May 10, 2024 15:53 EDT | 2 min read The Financial Intelligence Unit of India (FIU-IND) revealed on May 10 that Binance and KuCoin successfully registered with the regulatory body on May 10.It should be noted that these two exchanges were among several offshore entities that were banned last year, which included Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.Crypto Exchanges Gain Credibility in IndiaVivek Aggarwal, the head of FIU-IND, said the approval marks a credibility shift for the cryptocurrency industry within the country.Aggarwal said that the unit plans to establish a working group in collaboration with the…
Last updated: May 10, 2024 15:35 EDT | 2 min read Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high.Spot trading volume on centralized exchanges like Coinbase Global, Binance, and Kraken dropped by 32.6% to $2 trillion last month, as reported by research firm CCData.Additionally, derivatives trading volume saw its first decrease in seven months, falling by 26.1% to $4.57 trillion.Trading Volume Declines Due to Tightening Financial ConditionsThe surge in trading volume witnessed earlier in the year, following the introduction of US exchange-traded funds investing in Bitcoin, waned…
Last updated: May 10, 2024 15:30 EDT | 5 min read Friday, May 10, 2024 – Presale and early investors are now celebrating blistering returns for Solana’s hottest new pothead meme coin, Slothana. The $SLOTH token has risen 107% in the last 24 hours to hit an all-time high of $0.032, according to data by DexTools. $SLOTH went live at the beginning of the month after raising an eye-watering $15 million in a month-long presale that ended in April. It hit the market after tokens were airdropped to purchasers on Wednesday. Today, the meme coin is pumping hard. The buying momentum appears…
Last updated: May 10, 2024 17:11 EDT | 1 min read ADA to Rally 1,225%, XRP to Explode 260% and DOGE to Grow 250% – New Super Bullish Altcoin Forecasts Emerge / Source: Cryptonews As the crypto bull market eases midway through the second quarter of 2024, analysts are stepping forward to fight the FUD with new super bullish altcoin forecasts.Popular crypto account Altcoin Daily was out earlier this week with a long list of forecasts. My 2024 BULL RUN PEAK PRICE TARGETS! 🎯 #crypto$BTC – 120,000$ETH – $8,800$SOL – $720$LINK – $120$BNB – $1800$ICP – $460$TAO – $2,100$ADA –…
Last updated: May 10, 2024 14:46 EDT | 2 min read The White House is reportedly set to nominate Kristin Johnson, a commissioner at the Commodity Futures Trading Commission (CFTC), to fill a top role at the US Treasury Department overseeing banks, according to a May 9 report by Bloomberg.According to the report, Commissioner Johnson is endorsed to become the Assistant Secretary of the Treasury for Financial Institutions, with the announcement expected to be made public soon.CFTC Commissioner Expected to Coordinate with the US SECIf confirmed, Johnson will lead financial policies on credit unions, insurance, and consumer protection. She will…
Last updated: May 10, 2024 14:34 EDT | 2 min read Cardano Price Prediction as Hoskinson Claims Biden is ‘Killing Crypto’ – Will ADA Fall to Zero? / Source: TradingView The Cardano (ADA) price reversed 4% lower on Friday, once again finding strong resistance at its 21DMA and amid comments from its founder Charles Hoskinson that US President Joe Biden is trying to kill crypto.ADA was last changing hands around $0.445, with the 21DMA at $0.467, having blocked rallies for over a week. GM 👋 “The Biden administration is engaged in a coordinated effort to kill crypto.” So tweeted Charles…
Last updated: May 10, 2024 14:32 EDT | 2 min read Digital asset advocacy group Stand With Crypto launched its own political action committee (PAC) on May 10, according to a Friday Reuters report. The committee will support pro-crypto politicians in the lead-up to the November 2024 elections.“The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November,” the digital asset organization’s Chief Strategist Nick Carr told Reuters.Stand With Crypto Launches PAC To Push Pro-Digital Asset CandidatesSo far, the group is banking a swath of diverse political candidates,…
Last updated: May 10, 2024 13:39 EDT | 1 min read Render Network’s RNDR token experienced a major price increase after Apple featured its Octane 3D rendering software during a May 7 iPad presentation. Apple Vice President of Platform Architecture Tim Millet delivered the unexpected exposure, sparking interest among investors and contributing to RNDR’s upward momentum.Why did Apple’s Mention Impact RNDR Price?Apple’s brief mention of Octane 3D, lasting only a few seconds within a four-minute keynote, highlighted Octane’s capabilities and its integration with Apple products.The association with a tech giant like Apple instilled confidence in investors, leading them to speculate…
Last updated: May 10, 2024 13:32 EDT | 3 min read Toncoin and Render make the shortlist for best crypto to buy now. Image by cryptonews.com With crypto having pulled back sharply in recent trade following US economic data that has reignited fears about stagflation, and in wake of hawkish commentary from Fed policymakers, traders are looking for altcoins with strong bullish momentum that might be the best crypto to buy now.And strong performing altcoins are difficult to find in Friday’s bearish market.Bitcoin (BTC) dipped back to the low $ 61,000s on Friday from earlier highs near $64,000.The latest US…
Last updated: May 10, 2024 13:12 EDT | 1 min read Since his imprisonment for fraud, Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, spoke to the media for the first time on May 9. Sentenced to 25 years, Bankman-Fried maintains his innocence and is pursuing an appeal. While legal proceedings unfold, he has turned his attention to a new venture: commodities trading within the confines of prison walls, focusing specifically on bags of rice.The interview, facilitated by Bankman-Fried’s mother and conducted by Puck News journalist Theodore Schleifer, occurred at Brooklyn’s Metropolitan Detention Center, where he has…