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Author: Robert McCracken
[ad_1] AI tokens surge, Binance launches NFT loans and one of crypto’s biggest haters makes a surprising move. These stories and more, this week in crypto. AI Tokens Jump Following Nvidia Report AI-themed cryptocurrencies got a lift as Nvidia reported increasing demand for chips that power artificial intelligence applications. Tokens related to AI projects, like SingularityNET, Cortex and Measurable Data Token all recorded significant increases in price, while most of the rest of the cryptocurrency market remained flat. Binance Launched NFT Loan Feature Binance marketplace is launching a non-fungible token loan feature where digital asset holders can secure Ether loans…
[ad_1] Elon Musk faces new insider trading charges over Dogecoin, Coinbase says AI can benefit crypto and another crypto millionaire dies mysteriously. These stories and more, this week in crypto. Bitcoin’s First Down Month in 2023 Bitcoin and Ether each experienced their first losing month of the year, as US debt ceiling worries unfolded. Bitcoin finished the month down 8%, its worst month since November 2022, while Ether’s May red candle showed a loss of only about 2%. Crypto moved in line with major stocks, which were all lower as investors awaited the House vote. Tether USDT Market Cap at…
[ad_1] The SEC declares war against crypto companies, the UK plans to ban NFTs and Airdrops, and JP Morgan releases its price prediction for the Halving event. These stories and more, this week in crypto. Tokens Tumble Following SEC’s Lawsuits Solana, Cardano’s ADA and Polygon’s MATIC were among the numerous tokens suffering a sudden 20% drop, days after the SEC alleged they should be classified as securities. In total, 13 crypto assets were identified as securities in an SEC lawsuit filed against crypto exchanges Binance and Coinbase. The Robinhood trading platform quickly delisted Cardano, Polygon and Solana following the SEC…
[ad_1] Tether reveals controversial reserve holdings, Jack Dorsey offers $5 million for Bitcoin developers, and will the US finally get a Spot Bitcoin ETF? These stories and more, this week in crypto. BlackRock Files for Spot Bitcoin ETF Investment giant BlackRock, has filed an application for a spot bitcoin exchange-traded fund using crypto exchange Coinbase as the custodian for its assets. If approved, the ETF would be the first of its kind in the United States. While Bitcoin futures ETFs have been given the green light by the SEC, none of the numerous spot ETF applications have ever been approved.…
[ad_1] Institutions move back into crypto, Binance.US briefly sees a six figure Bitcoin price, and Jerome Powell says crypto is here to stay. These stories and more, this week in crypto. Bitcoin Hits 12 Months High Bitcoin hit its highest level in over a year as major financial institutions are signaling moves to embrace crypto. Market sentiment has been high since BlackRock applied for what would be the first ever spot bitcoin ETF in the US. Several similar applications shortly followed from such notable large investors as Invesco, WisdomTree, and Bitwise. Bitcoin Price Goes Insane on Binance.US The price of…
[ad_1] Bitcoin ETF filings fall flat, June sees crypto markets higher with some assets making notable gains, and how many countries are actively exploring a CBDC? These stories and more, this week in crypto. Altcoins Exceed Bitcoin’s 14% Hike in June Bitcoin added 14% in the month of June with the overall crypto market making gains as well. A couple of assets making exceptional returns were FTX’s FTT token, which climbed over 124%, and Bitcoin Cash getting attention, hitting a 14-month high while doubling in value. SEC: Bitcoin ETF Applications are ‘Inadequate’ The SEC stated in a public response that…
[ad_1] Blackrock’s CEO calls Bitcoin revolutionary, Multichain Bridge is hacked for over $120M and are Binance executives fleeing the sinking ship?! These stories and more, this week in crypto. Hi, I’m Nate Martin from 99Bitcoins.com, and here’s what’s happened this week in crypto. Bitcoin at 13-Month High Upon ETF Refiling After receiving public support from prominent fund managers, Bitcoin hit its highest level in 13 months, rising to over the $31000 mark. The crypto market surged after Nasdaq responded to SEC concerns regarding initial filings, when it refiled its proposal to list BlackRock’s spot Bitcoin ETF. BlackRock CEO: Bitcoin Could…
[ad_1] Altcoins surge after Ripple’s court victory, Google allows NFTs in the PlayStore, and leaked documents reveal Europe’s masterplan on cryptos. These stories and more, this week in crypto. Altcoins Rallied After Ripple Ruling Altcoins outperformed Bitcoin this week after a federal court decision regarding Ripple’s XRP fueled a sharp, broad crypto market rally. Bitcoin’s dominance rate fell 2%, the biggest one-day decline since last June. Altcoins beyond XRP, like Solana, MATIC and Cardano’s ADA all jotted double-digit gains. Ripple Scores Partial Court Victory XRP rose 80% as a federal judge in New York ruled that the network’s token, XRP,…
[ad_1] A U.S. presidential candidate proposes to back the dollar with Bitcoin, crypto memes could soon be regulated in the UK, and are American lawmakers trying to kill decentralized finance? These stories and more, this week in crypto. Bitcoin Resilient While Altcoins Drop As Bitcoin continued to linger around the $30,000 mark, altcoin prices dropped with the news of a revised digital assets oversight bill introduced in the US House, that would exclude a range of traditional securities from the definition of digital assets. House Republicans introduced the proposal, that aims to establish a regulatory framework, raising worries for the…