Cryptocurrency
Jack Mallers Shuts Down The Idea That Wall Street Is A Threat To Bitcoin
Bitcoin payments application Strike CEO Jack Mallers said that Wall Street’s growing involvement in Bitcoin poses no threat or conflict to the asset itself.“My one-word answer to that is no,” Mallers told Danny Knowles on the What Bitcoin Did...
Cryptocurrency
Judge clears path for Aave to move $71 million in ETH linked to North Korea hack
A Manhattan federal judge has cleared the way for Aave’s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism...
Cryptocurrency
CLARITY Act sees ‘big step forward’ as markup set for May 14
The US CLARITY Act, which aims to provide the US crypto industry with greater regulatory clarity, is set to be voted on by the Senate Banking Committee on Thursday.On Friday, Senate Banking Committee chair Tim Scott confirmed the legislation...
Cryptocurrency
Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak
Key TakeawaysOn May 7, peak 15,579 MW demand prompted Venezuela to reiterate bitcoin mining ban measures.The ban impacts local miners, mirroring a 2024 Russian Energy Ministry policy that saved 300 MW.Despite bans, reports explain that bitcoin mining offers untapped...
Cryptocurrency
Bitcoin Strength Carries On As Altcoins Remain Under Clear Pressure
Key points:Bitcoin needs to hold above $78,000 to avoid a trend reversal and return to $80,000 as resistance.Altcoin buyers have left the scene, keeping in step with Bitcoin's slight correction.Bitcoin (BTC) pulled back near $79,000 on Friday, but buying...
Cryptocurrency
Ethereum To $10,000? Analyst Says ETH Must Clear This Level First
Ethereum’s latest rebound has brought the $10,000 bull-market debate back into focus, but crypto analyst Kevin (Kev Capital TA) says ETH has not yet confirmed a higher-timeframe trend reversal. In a May 7 market update, the analyst argued that...
Cryptocurrency
Ethereum Bears Target $1,800 ETH Price: Here Is Why
Ether’s (ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest ETH/USD may drop below $2,000.Key takeaways:Low network activity signals declining usage and reduced onchain demand for ETH.Coinbase...
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U.S. offers $100 million in aid to Cuba amid power grid collapse, island nation’s leaders say they’ll accept under certain conditions
The U.S. has offered $100 million in aid to Cuba as authorities said the island...