Author: CryptooTimes
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…
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment […] Source link
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago. Source link
On Reddit and the LocalMonero forum, users discussed alternative means of buying XMR, which, with a $2.5 billion market cap, is the largest privacy coin. These include buying another cryptocurrency like bitcoin (BTC) or litecoin (LTC), sending it to the privacy-focused Cake Wallet and then swapping for XMR. Source link
A confidential United Nations report obtained by Reuters reveals that North Korea’s notorious cybercriminal group known as the Lazarus Group transferred millions of stash of stolen cryptocurrency back to the Asian country last year. In March 2023, these North Korean hackers illicitly took $147.5 million worth of cryptocurrency from HTX, a crypto exchange owned by TRON founder Justin Sun. A year later, they funneled the funds into the isolated nation using the sanctioned crypto mixer Tornado Cash. North Korea’s Cyber Warfare According to a report submitted last week, the monitors told a United Nations Security Council (UNSC) sanctions committee that…
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls […] Source link
It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commissioners are set to vote on Ether ETFs this week. Source link
President Biden’s emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property. Source link
