Bitcoin (BTC) rose as much as 5% on May 3 as U.S. employment data led to a rise in risky assets.BTC/USD 1-hour chart. Source: TradingViewBTC price: “Bad news is good news”Data from Cointelegraph Markets Pro and TradingView tracked an impulsive BTC price move that pushed BTC/USD above $62,000 on Bitstamp.U.S. nonfarm payrolls for April came in well below expectations, partly reflecting labor market weakness that the Federal Reserve said would strengthen the likelihood of a rate cut.“We are prepared to maintain the current federal funds rate target range for the appropriate period of time,” Federal Reserve Chairman Jerome Powell said…
Author: Crypto Flexs
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Bitcoin continues to trade in a wide range due to declining inflows into Bitcoin spot exchange-traded funds (ETFs), geopolitical tensions, and uncertainty about the extent of interest rate cuts by the U.S. Federal Reserve (Fed) in 2024. The rally has stalled, but a positive sign for the bulls is that Bitcoin has not collapsed below the psychologically important $60,000 level. However, May can be a difficult month for buyers. Coin Glass data This shows that Bitcoin has ended May in the red for the past three years. Another negative for the market in the short term is that investor interest…
Kristin Johnson of the Commodity Futures Trading Commission proposed recommendations, including strengthening penalties to address artificial intelligence in financial markets, including decentralized finance. In a speech delivered at the Sidley Austin and Rutgers Law School Fintech and Blockchain Symposium, Commissioner Johnson explained his concerns about AI and how it applies to DeFi.”“Deploying AI in ecosystems running on blockchain technology raises new challenges for oversight, risk management, compliance, and even enforcement,” Johnson said Friday.AI is integrated Enter the financial markets, including brokerage apps, compliance programs, and robo-advisors. In DeFi, AI can be used for automated trading and algorithmic trading. In general,…
Curve Token suffered from significant losses last week. CRV plunged to an all-time low amid a downward trend. The token’s recent performance reflects its overall cryptocurrency market position. April ended on a somewhat weak note for the cryptocurrency market, evidenced by the continued price declines witnessed for most assets in recent weeks. Highly sensitive to trends, Curve DAO (CRV), the native token of the Curve ecosystem that started the year with a healthy rise in response to the previous bullish market momentum, is currently experiencing a decline and has not recorded any notable gains. Curve DAO’s Market IssuesAccording to trading…
join us telegram A channel to stay up to date on breaking news coverage Meme tokens are created based on internet memes and jokes. These tokens tend to develop a loyal online following and investor community. Our team at Insidebitcoin has curated a list of some of the following: best meme coins This post has high potential. We will examine some important factors that affect their value. 5th scenery It has raised $5,730,254 in ongoing presales, indicating significant investor interest. The coin’s listing price is $0.00327 and could potentially increase by about 205.81%. Investors may consider taking advantage of the…
In a dramatic turn of events involving a criminal case involving Ryan Salame, the former co-CEO of FTX Digital Markets, it was announced that Salame had agreed to give up $5.9 million worth of Bahamian assets. His plea agreement. This is an important development in the case as it allows Salameh to avoid further prosecution. Instead of being forced to pay $5.6 million in cash, this decision was made optional. Analysis of terms of agreement to plead guilty Ryan Salame pleaded guilty in court in early September 2023 to charges arising from the cryptocurrency exchange…
Ethereum price began a recovery in the $2,820 area. ETH is on the rise and is currently facing a major hurdle near the 100-hour simple moving average. Ethereum found support at $2,820 and began a recovery. The price is trading below $3,050 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance at $3,000. Failure to break the $3,050 resistance level could start a new downtrend for the currency pair. Ethereum Price Faces Major Hurdle The price of Ethereum, like Bitcoin, extended losses below…
In response to community concerns and feedback, EigenLayer, a prominent Ethereum re-staking protocol, recently announced an expansion of its initial EIGEN token airdrop. More than 280,000 eligible wallets will receive an additional 28 million EIGEN tokens from the protocol. The purpose of this action is to redress user complaints about the initial allocation formula and demonstrate the Foundation’s commitment to community input. Airdrop Details Applicants in Season 1 will be awarded a minimum of 110 EIGEN tokens, consisting of the standard 10 EIGEN and an additional 100 EIGEN. Season 2 applicants who participated in staking…
Edward Snowden has urged blockchain developers to strengthen privacy protections in Bitcoin after the cryptocurrency mixing service was shut down due to pressure from the United States. Former National Security Agency (NSA) contractor Edward Snowden recently urged blockchain developers to prioritize implementing Bitcoin’s privacy measures at the protocol level following the shutdown of a mixing service in the United States. in X post On May 3, Snowden noted that he had been warning Bitcoin developers “for a decade that privacy must be provided at the protocol level,” in response to ZkSNACKs announcing the closure of Coinjoin. “The clock is ticking,”…
Posted 1 minute ago In ~ Episode 24 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Mike Cagney, co-founders and CEOs of Figure Markets.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, google podcast, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Mike Cagney is the co-founder and CEO of Figure Markets.In this episode, Cagney discusses the need for a ‘market for everything’, the possibility of stock trading on the blockchain, and more.outline 00:00 introduction 07:21 ‘Everything’ platform 12:16 On-chain stock trading 17:50 Cryptocurrency…