The recent US interest rate decision has sent Bitcoin’s price on a downward trajectory before experiencing a bounce back – raising questions about where BTC is heading now. As investors and market analysts try to decipher the future direction of Bitcoin’s value, this update aims to provide valuable insights and predictions to help navigate the…
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Bitcoin is presently hovering just below the $29,000 mark following a successful close of yesterday’s trading session above the highly-monitored level, with a 1.89% price increase in the past 24 hours. Despite achieving an intraday high of $29,387 earlier in the day, the digital currency is currently trading at $28,900. Given Bitcoin’s recent performance amidst…
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Terra Luna Classic (LUNC) bulls are currently holding the cryptocurrency above the key psychological $0.00010. Nonetheless, price predictions are becoming more bearish. LUNC is the cryptocurrency that powers the original Terra blockchain that experienced catastrophe last May when its algorithmic stablecoin TerraUSD (UST) lost its 1:1 peg to the US dollar, triggering sudden capital flight…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Nigeria’s Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution…
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Celsius Network co-founder and former CEO Alex Mashinsky has denied any wrongdoing and shrugged off blame for the collapse of the crypto lender. In a Tuesday filing, Mashinsky’s lawyers called claims by New York Attorney General Letitia James that he misled investors about the financial health of Celsius while he was chief executive “baseless” and rooted…
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The French Senate’s Committee on Economic Affairs has proposed a new law allowing social media influencers to promote cryptocurrency on their platforms. If approved, the proposal would significantly shift how these influencers market and advertise digital currencies in France. Surprisingly, the Senate’s proposal surfaced just a few months following the National Assembly legislation ban on…
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The influx of new crypto projects in the market, seeking to leverage the growing interest in artificial intelligence, has attracted US regulators. Several US state regulators are initiating crackdown actions on AI-focused crypto projects touted as investments. A May 3 press release revealed that Texas led a coordinated state action against an AI crypto called…
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In the world of cryptocurrencies, market fluctuations and price predictions are the norm, with Bitcoin often leading the way as the most talked-about digital currency. With the recent Federal Reserve interest rate hike impacting financial markets, many are left wondering how this move will affect Bitcoin’s trajectory. … Read More: Bitcoin Price Predictions: Can BTC Reach…
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ARK Invest, Cathie Wood’s investment management firm, has remained bullish about Coinbase shares despite its tanking price amid a lawsuit brouhaha. The investment firm added more shares to its portfolio on May 1 and now holds nearly 50% more COIN shares than last month. The source of Cathie Wood’s confidence amid bearish price action remains…
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Portuguese capital takes the top spot among the world’s most important crypto hubs – ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield. The company argued that, while there are multiple reports on global crypto development, regional reports are still scarce. Therefore, Greenfield conducted a survey from…
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