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  • Crypto market unsure as Maxine Waters nominates Kristin Johnson for key Treasury position
    by Oluwapelumi Adejumo on May 3, 2024 at 9:45 am

    Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission (CFTC), for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. In a May 2 letter addressed to The post Crypto market unsure as Maxine Waters nominates Kristin Johnson for key Treasury position […]

  • Saylor predicts SEC will designate Ethereum as a security and deny spot ETF applications this summer
    by Mike Dalton on May 3, 2024 at 12:00 am

    MicroStrategy executive chairman and co-founder Michael Saylor believes the SEC will classify Ethereum as a security this summer and reject the related spot ETF applications filed by various asset managers, including BlackRock. Saylor made the prediction in a social media post on May 2 during a presentation at the MicroStrategy World 2024 conference. He further The post Saylor predicts SEC will designate Ethereum as a security and deny spot ETF […]

  • Mining firm Stronghold considering sale of company in latest financial report
    by Mike Dalton on May 2, 2024 at 10:59 pm

    Stronghold Digital Mining announced it is considering a sale or other strategic alternatives aimed at maximizing shareholder value. The announcement came alongside the company’s disclosure of its robust first-quarter financial and operational results on May 2. As part of its strategic review, Stronghold, with the guidance of Cohen and Company Capital Markets and legal advice The post Mining firm Stronghold considering sale of company in […]

  • Coinbase surpasses expectations with Q1 revenue surge amid Bitcoin boom
    by Assad Jafri on May 2, 2024 at 9:58 pm

    Coinbase reported revenues of $1.64 billion during the first quarter, surpassing the expected $1.34 billion amount. The surge in revenue comes amid a robust Bitcoin rally that has significantly impacted the crypto market. The company’s earnings stood at $4.40 per share, a substantial improvement from the $1.09 average analyst estimate, though differences in accounting methods The post Coinbase surpasses expectations with Q1 revenue surge amid […]

  • BNP Paribas disclosure IBIT purchase as BlackRock anticipates sovereign, pension funds to start buying Bitcoin ETFs
    by Mike Dalton on May 2, 2024 at 8:39 pm

    French banking giant BNP Paribas disclosed it has begun purchasing shares of BlackRock’s iShares Bitcoin Trust (IBIT) and currently holds a small exposure to Bitcoin through the ETF. The firm’s latest 13F filing, dated May 1, indicates that the bank holds 1,030 shares of IBIT and values the shares at $41,684. BNP Paribas’ IBIT investment The post BNP Paribas disclosure IBIT purchase as BlackRock anticipates sovereign, pension funds to […]

  • Short-term Bitcoin holders show restraint in recent price drop
    by James Van Straten on May 2, 2024 at 7:59 pm

    Quick Take Amid Bitcoin’s recent 12% price decline, data suggests that short-term holders — those who have held the digital assets for less than 155 days — have exhibited relatively muted sell-off behavior compared to previous dips. On May 1, approximately 26,000 BTC were sent to exchanges at a loss by short-term holders, while the previous The post Short-term Bitcoin holders show restraint in recent price drop appeared first on […]

  • Elizabeth Warren raises concerns over Iran’s crypto mining operations
    by Assad Jafri on May 2, 2024 at 7:08 pm

    Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details The post Elizabeth Warren raises concerns over Iran’s crypto […]

  • From gold to Bitcoin: ETFs excel while miners falter post-launch
    by James Van Straten on May 2, 2024 at 5:48 pm

    Quick Take After the launch of the first Gold ETF SPDR Gold Shares (GLD) in 2004, the precious metal embarked on a remarkable bull run, soaring from around $430 to $1,800 per ounce by August 2011. This surge has fueled optimism that Bitcoin could potentially experience a similar, if not more impressive, ascent for the The post From gold to Bitcoin: ETFs excel while miners falter post-launch appeared first on CryptoSlate.

  • Moralis adds support for Moonbeam Network to boost Polkadot development tools
    by Oluwapelumi Adejumo on May 2, 2024 at 5:01 pm

    Web 3 development platform Moralis said it has added support for Polkadot’s parachain Moonbeam Network across its Application Programming Interface (API) suite, according to a press statement shared with CryptoSlate. Moralis helps developers solve issues they face when transitioning from Web2 systems to decentralized blockchain apps through its APIs. The Moralis APIs can be used to The post Moralis adds support for Moonbeam Network to boost […]

  • Bioniq CEO envisages a programmable future for Bitcoin with Ordinals and new protocols
    by Nate Whitehill on May 2, 2024 at 4:03 pm

    In the latest episode of the SlateCast, Liam “Akiba” Wright and Nate Whitehill welcomed Bob Bodily, the CEO and co-founder of Bioniq, to discuss the future of Ordinals, the programmability of Bitcoin, and the potential impact of these developments on the broader crypto ecosystem. Bodily, a passionate advocate for the decentralized and permissionless nature of The post Bioniq CEO envisages a programmable future for Bitcoin with Ordinals and […]