The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate. In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to submit a self-liquidation plan
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The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned. Other regions including the United States, the European Union and China have also launched measures to understand and potentially mitigate risks associated with rapid AI development in recent months. On June 1,
Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency
Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its entire uptick seen over the weekend, coming full
Bitcoin (BTC) is in a “transition,” which should pave the way to the next bull market top, new research has concluded. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence. Bitcoin hodlers in “transition” After the 2022 bear market and signs of
Cryptocurrency is going to become less private in Europe as the major exchange Binance is preparing to delist all privacy tokens in countries like France and Italy. Starting from June 26, privacy tokens like Monero (XMR) or Zcash (ZEC) will no longer be available for trading for Binance customers in France, Italy, Poland and Spain.
Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture. A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric blockchain architecture. The technology is touted to enable the development of completely decentralized applications
Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators. PEPE charts flash a classic bearish reversal pattern From a technical standpoint, the price of PEPE could
Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially. To provide some context, the Ordinals Protocol allows for the ordered identification of satoshis, the smallest subdivision of a Bitcoin (BTC), enabling each of them to have an individual identity. From that
The cryptocurrency market experienced a dull month with Bitcoin (BTC) dropping 7.37%, its worst performance since November 2022 and Ethereum (ETH) losing 0.22% in May. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees. According to the exchange, the decision is not a downsizing but rather a resource
Officials in China have issued a warning about the risks posed by the rapid advancement in artificial intelligence (AI) development and subsequently called for tighter measures on national security. The remarks come from a meeting on Tuesday in which Chinese President Xi Jinping, and other prominent members of the communist party, stressed the country’s ambitions
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador. On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various economic policies. Dr. Ammous’
“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. In a May 30 op-ed for MarketWatch, Armstrong again warned that while recent turbulence in crypto markets might tempt U.S. policymakers “to write it off as an unstable asset class,” doing so could see the
Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. Bitcoin pauses into monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local highs from around
Bitcoin’s volatility has dropped to historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data allude to incoming volatility in June. The Bitcoin Volatility Index, which measures the daily fluctuations in Bitcoin’s (BTC) price, shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than half of
Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them. With Bitcoin mining blamed for using as much power as an entire country, and politicians searching for easy targets to strike, the industry appears
The number of Ordinals inscriptions on the Bitcoin (BTC) network has surpassed the 10 million mark, just days after its creator stepped down as the project’s caretaker. On May 28, Casey Rodarmor announced on Twitter he had stepped down as the project’s lead maintainer, claiming that he’d been unable to give Ordinals the attention it deserved.
Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar. The move comes as traders rush to cash out their crypto holdings into Australian dollars before the door for local bank
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