Will May Make Or Break Bitcoin? Crucial Events To Watch This Month

May brings a series of pivotal events that could significantly influence the trajectory of Bitcoin and the broader crypto market. These events, ranging from regulatory decisions to economic indicators, appear capable of profoundly swaying market dynamics. Related Reading: Bitcoin Slips But These 3 Metrics Point To A Solid, Healthy Bull Market Regulatory And Economic Indicators

Dencun Destroyed The Ethereum “Ultra-Sound Money” Narrative: CryptoQuant

Researchers at CryptoQuant, a crypto analytics platform, are now disproving the idea that Ethereum is “ultra-sound money,” especially after activating the highly anticipated Dencun Upgrade in mid-March. Analysts observe that the hard fork has slowed the number of coins going to the “furnace.” Accordingly, ETH is now more deflationary, considering the rising daily supply over the

Taiwan Sets Sights On Crypto Firms With Tough New Jail Time Laws

Taiwan’s Ministry of Justice has proposed amendments to enhance anti-money laundering (AML) measures within the crypto industry. If enacted, the new proposals will mark a substantial shift from the current regime, in which digital currency firms’ non-compliance is met with administrative penalties, to a stricter legal framework that includes criminal penalties for serious breaches. Related

SEC Delivers Deadly Blow To Ripple’s Latest Stablecoin Project

Ripple has run into problems once again with the United States Securities and Exchange Commission (SEC) following the announcement of its highly anticipated stablecoin. The stablecoin, which is to be pegged to the US dollar, is expected to give established stablecoins such as Tether’s USDT and Circle’s USDC a run for their money. However, the SEC

Did Regulations Push LocalMonero Out? Privacy Coin Platform Bites The Dust

The winds of regulatory change are howling through the cryptocurrency space, and a prominent victim has emerged. LocalMonero, a veteran P2P (peer-to-peer) trading platform for the privacy-focused Monero (XMR) coin, announced its closure on May 7th, citing a combination of “internal and external factors.” This move has sent shockwaves through the Monero community and reignited

Cardano Founder Approves Last-Minute Change To Chang Hard Fork

Charles Hoskinson, founder of the Cardano blockchain, has confirmed the integration of Cardano Improvement Proposal (CIP) 69 into the upcoming Chang hard fork. This announcement was made via X, emphasizing the adaptation to community feedback and aligning with the demands of the Cardano Foundation (CF). Hoskinson detailed the decision process and its implications: “I saw

Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin

Litecoin has become the new king of cryptocurrency payments, as more users are increasingly adopting this popular digital currency over Bitcoin to execute transactions on the crypto payments platform, Bitpay.  Litecoin Surpasses Bitcoin In Crypto Payments In a recent X (formerly Twitter) post, the Litecoin team announced that LTC has become the number one cryptocurrency

Sell-Off Or Strategic Move? Ethereum Foundation’s 1,000 ETH Transfer Raises Eyebrows

Ethereum, the second-largest digital asset by market capitalization, has been under the spotlight once again. Recent movements of ETH by the Ethereum Foundation have stirred concerns among market observers, igniting debates about potential volatility in Ethereum’s price. Related Reading: Transaction Fees To The Rescue! Bitcoin Miners Find Solace In Network Activity Foundation’s Massive ETH Transfers

Robinhood CEO Breaks Silence On US SEC’s Wells Notice Over Crypto Operations

As Robinhood continues to traverse the complexity of the financial regulatory landscape, Vlad Tenev the company’s Chief Executive Officer (CEO), has taken center stage to address the Wells Notice receipt from the United States Securities and Exchange Commission (SEC) regarding its cryptocurrency business. Tenev’s response to the SEC’s Wells Notice highlights the firm’s commitment to

Shiba Inu’s Staking Solution K9 Finance Unveils 2 Major Updates

K9 Finance, the liquid staking solution for the Shiba Inu ecosystem, recently announced two major updates: a live demo for its Bone Crusher platform and its integration into Shibarium’s test network, Puppynet. Shiba Inu’s Staking Solution Is Coming The latest update from K9 Finance includes a detailed tutorial video that showcases forthcoming features set to

Donald Trump Champions Crypto: ‘I’m Good With It, Vote For Me’

On late Wednesday, Donald Trump, the former President and Republican frontrunner, declared his support for cryptocurrencies. This announcement came during a notable gathering at his Mar-a-Lago resort in Palm Beach, Florida, dubbed the Trump Cards NFT Gala, attended by supporters who are holders of NFTs depicting Trump’s name and likeness. During the event, Trump criticized

Nigeria Refutes Binance’s Bribery Allegations, Calls Them ‘Diversionary Tactics’

Nigeria has rejected bribery allegations made by Binance, the world’s largest cryptocurrency exchange, labeling them as a “tactic to divert” attention from the exchange’s activities.  The statement comes in response to a blog post by Binance’s newly appointed CEO, Richard Teng, who claimed that the Nigerian government demanded a $150 million cryptocurrency payment to settle

Binance CEO Denounces Nigerian Officials For Alleged Secret Crypto Settlement Proposal

Binance CEO Richard Teng recently denounced the Nigerian authorities’ abuse of power and mistreatment of the crypto exchange executives, including still-detained Tigran Gambaryan. Teng considers it’s time to highlight the implications of the saga between the crypto exchange and the Nigerian regulators on behalf of the business community. Related Reading: SEC Chair Gensler: Crypto Represents

FTX Announces Full Customer Reimbursements, But The Real Winners May Surprise You

In a surprising turn of events, bankrupt cryptocurrency exchange FTX recently announced a new repayment plan to reimburse creditors and customers in full. The plan also includes a substantial compensation offer to account for the time value of their investments.  While customers initially expected to be the primary beneficiaries, the biggest winners in this repayment

Ethena Partners With Bybit, Is This An “Attack” On USDT And USDC?

In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. Ethena Partners With ByBit USDe is not fiat-backed like other popular stablecoins.

Australia’s Crypto Crackdown: ATO Seeks Data from Exchanges To Identify Tax Discrepancies

The Australian Taxation Office (ATO) is targeting approximately 1.2 million cryptocurrency-related accounts to tighten the noose on tax discrepancies. According to Reuters, this step marks an approach by the Australian government to “crackdown on users who may be failing to pay their taxes amid a rising interest in digital tokens.” Related Reading: IRS Reveals Preliminary

Revolut Expands Offering To 40 Million Users, Introduces Crypto Exchange Services

In a significant move into the digital asset space, British banking app Revolut has unveiled Revolut X, a dedicated crypto trading platform for UK retail customers.  According to a Fortune Magazine report, the launch of the new platform signifies Revolut’s commitment to the crypto industry and positions the company to compete with major players like

Crypto Investment Boom: Over $1 Billion Poured In For Two Straight Months

The crypto sector continues to exhibit strong growth and resilience, as evidenced by the consistent influx of venture capital (VC), surpassing the $1 billion mark for the second consecutive month. This sustained flow of investment highlights the market’s ongoing expansion and the increasing confidence of investors in the potential of blockchain technologies and digital assets.

Transaction Fees To The Rescue! Bitcoin Miners Find Solace In Network Activity

For years, Bitcoin miners have toiled away, fueled by the promise of block rewards – newly minted coins earned for validating transactions. But a recent trend is changing the game, with transaction fees quietly usurping block rewards as the primary source of miner income. This shift, while unexpected, presents both opportunities and challenges for the

Ethereum’s Next Big Leap? Buterin Proposes Transformative EIP-7702

Ethereum co-founder Vitalik Buterin, along with collaborators Sam Wilson, Ansgar Dietrichs, and Matt Garnett, has proposed a new Ethereum Improvement Proposal (EIP) numbered 7702, designed to significantly enhance the functionality of Ethereum’s externally owned accounts (EOAs). EIP-7702 aims to integrate smart contract functionalities temporarily into EOAs, a transformative concept that might redefine user interactions on

Nigeria Threatens Crypto Knockout: P2P Ban Looms In Fintech Feud

Nigeria’s once-tepid stance on cryptocurrency has taken a sharp turn towards prohibition. The Nigerian government, citing concerns over Naira manipulation, is proposing a ban on P2P (Peer-to-Peer) trading platforms that utilize the local currency. This move, coupled with ongoing legal battles with major exchanges, throws the future of Nigerian crypto into uncertainty. Related Reading: Analyst

Analyst Sticks To Guns: Bitcoin Still Headed For $150,000

Tom Lee, co-founder of research firm Fundstrat, has ignited fresh bullish sentiment in the cryptocurrency world with his prediction of a Bitcoin price surge to $150,000 by the year’s end. Lee, a prominent Bitcoin advocate, remains confident despite a recent price dip and ongoing inflation concerns. Related Reading: Marathon Digital Mints Massive Market Cap Gain: