Author: CryptooTimes
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 5th Scape, a new VR cryptocurrency, has raised $6 million and is poised for significant growth according to investors and analysts. The new crypto presale of 5th Scape has hit a new milestone after raising $6 million. 5th Scape is a VR cryptocurrency that harnesses this new technology to enrich gaming. The project’s presale is ongoing, and investors can currently buy it for $0.00327. However, this price is expected to rise throughout the next stages of the campaign. According…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Source link
Bitcoin (BTC) and ether (ETH) were little changed, suggesting a consolidation after last week’s rally. BTC traded at around $67,000 while ETH held steady about $3,100. The wider digital asset market as measured by the CoinDesk 20 Index (CD20) has added 0.3% in the last 24 hours. This week, attention will turn to the SEC’s decision on the approval of ether exchange-traded funds (ETFs), with the deadline for a response to VanEck’s and Ark/21 Shares’ applications due on May 23 and May 24, respectively. Traders may be keeping their powder dry until then. Source link
Crypto.news caught up with Olivier Roussy Newton, CEO of DeFi Technologies, to explore the Valour Bitcoin Staking ETP, the first product to merge Bitcoin with yield-bearing staking mechanisms. Bitcoin holders have traditionally missed out on staking opportunities available to other cryptocurrencies due to Bitcoin’s reliance on the Proof-of-Work (PoW) consensus mechanism. PoW requires miners to solve complex mathematical puzzles to validate transactions and secure the network. Due to the size of the Bitcoin network, substantial computational power is required, which in turn chugs in substantial amounts of electricity. As an alternative, Proof-of-Stake (PoS) allows users to validate transactions based on…
Bitcoin could drop by at least 20% in the coming weeks after retesting a multi-month technical resistance level. Source link
“Dr. Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr. Wright is not the person who created the Bitcoin System. And, fourth, he is not the author of the initial versions of the Bitcoin software,” Mellor said after both parties to the trial had presented their evidence. Source link
Analysts at QCP Capital say the “resounding lack of interest” in the market and the approval of spot Ethereum ETF could “easily” pump ETH back to recent highs. While recent market data indicates a cautious atmosphere among investors regarding the potential approval of spot Ethereum exchange-traded funds (ETFs), the unexpected approval could trigger a short squeeze resulting in ETH reaching its recent highs, analysts warn. In a recent research report, analysts at QCP Capital said the ETH/BTC pair has dropped to levels not seen since February 2021, suggesting the market is “anticipating a rejection and a non-event.” However, QCP Capital…
The trader made an over 993x gain on their initial investment, spurring insider trading allegations. Source link
First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment. Source link
Bitcoin mining company BitFuFu has rolled out its financial report per Q1, showcasing a 150% increase in total revenue compared to Q1 2023. Bitmain-backed public cryptocurrency mining company BitFuFu’s total revenue in Q1 soared to $144.4 million, representing an increase of 149.0% from $58.0 million in the same period of 2023 driven by the surge of demand for cloud-mining solutions. In the Q1 earnings report, BitFuFu Leo Lu attributed the growth to the firm’s “asset-light strategy,” adding that the chosen approach “flexibly adjusts and optimizes mining equipment to maximize profitability.” “Our cloud-mining solutions allow us to reduce revenue volatility created…
