Author: CryptooTimes
Bitcoin is facing renewed calls for a supply shock as exchange reserves hit seven-year lows, and BTC price action focuses on final resistance. Source link
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Ontario’s self-styled ‘Crypto King,’ Aiden Pleterski, was arrested and accused of fraud and money laundering related to an alleged Ponzi scheme following one of the most extensive fraud investigations the region has witnessed. The 25-year-old, along with his associate, 27-year-old Colin Murphy, allegedly stole approximately $30 million from unsuspecting victims. Crypto King’s Arrest The charges stem from a 16-month investigation known as ‘Project Swan’ conducted by Canadian authorities amidst an ongoing bankruptcy case related to the alleged scheme, which has garnered significant media attention in the country. This investigation involved interviews with numerous victims, dozens of court orders, as well…
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory driven.” Upcoming regulatory events include the Securities and Exchange Commission (SEC)’s decisions on spot […] Source link
Ethereum researcher Justin Drake said his EigenLayer role is worth “millions of dollars” and some think it could shake up incentives for those working on the blockchain. Source link
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE surges 29%, BONK sees a modest 2% gain, and Rebel Satoshi’s RECQ skyrockets 120%, with experts predicting further movements. As bulls gradually overcome bears in the crypto market, top altcoins like Pepe (PEPE) and Bonk (BONK) are holding green candles. As a result, investors have started flocking back to the market, hoping to get huge profits soon. Meanwhile, Rebel Satoshi’s RECQ has emerged as a top competitor for leading memecoins after surging 120% thus far. PEPE surges 29%…
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and HODL Waves paint a bullish picture for Bitcoin investors. Source link
Recently launched spot bitcoin exchange-traded funds (ETFs) gave traders a safer way to invest in the token, which over 500 institutions took advantage of within only the first three months of existence, allocating over $10 billion in the funds alone. The rest, over $40 billion, came from retail traders. Source link
The highlights of the economic week ahead are the Federal Reserve meeting minutes and a big earnings report from semiconductor giant Nvidia. There are also reports on global manufacturing and services indexes and consumer inflation expectations which could influence markets a little. Economic Calendar May 20-24 Last week saw the U.S. Dow Jones Industrial Average (DJIA) cross the 40,000 mark for the first time. The stock rally was boosted by favorable figures in the CPI report, which ignited speculation that the US economy is cooling and that the central bank may cut rates in the next few months. The minutes of…
