Cryptocurrency news

• Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

  14-05-2024 17:17 via coindesk.com
  
  Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.
  
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• Galaxy Digital’s revenue soars with mining, fees at record levels

  14-05-2024 21:04 via cointelegraph.com
  Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees.
  
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• ‘The Dog Days Are Over’: Cat Memecoins Soar 16.1% After Roaring Kitty’s Return

  14-05-2024 21:00 via newsbtc.com
  
  On Monday, popular internet figure and trader “Roaring Kitty” made a surprise comeback to social media that sent the crypto market into shock and excitement.
  His return post was followed by a series of cryptic videos, including catsm, which seemingly fueled a price increase for cat-themed memecoins in the past 24 hours.Memecoin Frenzy And Market Reaction
  Keith Gill, known as “The Roaring Kitty,” returned to social media after a three-year hiatus by posting the popular &ld
  
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• The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say

  14-05-2024 20:30 via coindesk.com
  
  The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected and educate lawmakers – all in hopes of finally getting a friendly regulatory framework for crypto established.
  
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• State of Wisconsin reports $164M investments in spot Bitcoin ETFs

  14-05-2024 20:11 via cointelegraph.com
  The entity responsible for managing assets in the state’s pension system reported it held millions of shares of the BlackRock iShares Bitcoin Trust and Grayscale Bitcoin Trust.
  
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• Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June

  14-05-2024 20:00 via newsbtc.com
  
  Ethereum (ETH) options for June show a marked interest in higher strike prices, focusing on levels exceeding $3,600.
  Data from Deribit reveals a concentrated bet among traders on calls surpassing this price, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500.Options Market Bullish On Ethereum 
  Notably, options are contracts that give traders the right, but not the obligation, to buy (i
  
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• Welcome to the United Kingdom — Please hand over your crypto

  14-05-2024 19:43 via cointelegraph.com
  An April change to United Kingdom law will allow authorities to treat crypto like other assets by seizing it without accusing suspects of wrongdoing.
  
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• Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’

  14-05-2024 19:38 via cointelegraph.com
  Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
  
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• GameStop tops Bitcoin's yearly gains in one day — Will GME spark an altcoin rally?

  14-05-2024 19:07 via cointelegraph.com
  Mirroring the 2021 cycle, the profits from GameStop could spill into altcoins, catalyzing the start of the 2024 altcoin season. Could history repeat itself?
  
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• This Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The Bottom In 2024

  14-05-2024 19:00 via newsbtc.com
  
  As the Bitcoin price continues to fluctuate wildly, the question in every investor’s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst’s prediction in particular stands out and this is due to his track record of accurately calling the top of the market back in the 2021 bull market.
  Crypto Expert Says Bitcoin Bottom Is In
  Crypto expert Dave the Wa
  
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• What is GPT-4o, and how is it different from GPT-3, GPT 3.5 and GPT-4?

  14-05-2024 18:45 via cointelegraph.com
  GPT-4o is OpenAI’s most advanced AI model, surpassing its predecessors in speed, cost-efficiency and multimodal capabilities.
  
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• CoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFs

  14-05-2024 18:16 via cointelegraph.com
  CoinShares’ revenue, gains, and other income reached 43.9 million pounds ($55 million) in the first quarter of 2024, a 216% increase year-over-year.
  
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• Analyst Pinpoints $61,500 As Critical Bitcoin Price Level To Monitor

  14-05-2024 18:00 via newsbtc.com
  
  Amidst the recent decline in Bitcoin’s price and the general cryptocurrency market, popular cryptocurrency analyst and enthusiast Titan of Crypto has highlighted the $61,500 price level as a crucial threshold to watch for the largest cryptocurrency.Titan of Crypto analysis examines the aforementioned level as a pivotal point for Bitcoin that could determine the coin’s next price trajectory.
  $61,500, A Level To Watch For Bitcoin
  Today, May 14, BTC witnessed a sharp decline to nearly $
  
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• DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

  14-05-2024 17:48 via coindesk.com
  
  Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.
  
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• Unofficial GameStop memecoin surpasses $100M in market cap

  14-05-2024 17:40 via cointelegraph.com
  The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop's stock.
  
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• AI could screw gaming economy, The Voice Coach Battle, Axies: Web3 Gamer

  14-05-2024 17:30 via cointelegraph.com
  AI could help small gaming firms, but it might also unleash a wave of crap. Plus we review addictive new Axie game Duet Monsters. Web3 Gamer.
  
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• Former CFTC Chair Chris Giancarlo joins Paxos board

  14-05-2024 17:25 via cointelegraph.com
  Former CFTC Chair J. Christopher Giancarlo founded the Digital Dollar Project and currently works as an advisory board member for the Chamber of Digital Commerce.
  
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• 'Liquid Vesting' Is Oxymoronic Blockchain Feature That Lets Early Investors Sell Without Waiting

  14-05-2024 17:20 via coindesk.com
  
  A new feature from Colony Lab, a developer and project incubator in the Avalanche blockchain ecosystem, called "liquid vesting," lets users sell their tokens before their vesting period is over.
  
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• Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows

  14-05-2024 17:00 via newsbtc.com
  
  On-chain data suggests demand for Bitcoin remains significant as newcomer whales in the sector have been scooping up 200,000 BTC every week.
  Short-Term Holder Bitcoin Whales Have Continued To Accumulate Recently
  As explained by CryptoQuant author Axel Adler Jr in a post on X, the demand among the short-term holder whales has decreased since the all-time high, although it still continues to remain strong.The “short-term holders” (STHs) refer to the Bitcoin investors who have been hold
  
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• State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF

  14-05-2024 16:56 via coindesk.com
  
  The U.S. state of Wisconsin purchased 94,562 shares of the BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of the year, a filing shows. The shares are worth nearly $100 million.
  
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• Polymarket raises $70M from Vitalik Buterin, Founders Fund

  14-05-2024 16:21 via cointelegraph.com
  Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket has secured funding to expand its global operations despite restrictions.
  
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• Peter Thiel's Founders Fund invests $70M in election betting platform

  14-05-2024 16:21 via cointelegraph.com
  Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket secures funding to expand its global operations despite restrictions.
  
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• Regulators are cracking down on financial privacy, but ZK-proofs can help

  14-05-2024 16:09 via cointelegraph.com
  The convergence of ZK-proofs and decentralized identity systems could create more compliant privacy-preserving protocols, without sacrificing user privacy.
  
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• Bitcoin braces for Fed's Powell as trader says $65K key BTC price level

  14-05-2024 16:01 via cointelegraph.com
  BTC price volatility continues within a narrow range — but some BTC price data shows the path toward all-time highs.
  
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• Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket

  14-05-2024 16:00 via coindesk.com
  
  The series B funding round comes during a breakout year for the crypto-based prediction market platform, and brings its total funding close to $75 million.
  
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• Brace For Impact: Mt. Gox Set To Inject 142,000 BTC And 143,000 Bitcoin Cash Into The Market- Here’s When

  14-05-2024 16:00 via newsbtc.com
  
  Tokyo-based Bitcoin exchange, Mt. Gox is preparing to release a substantial amount of Bitcoin (BTC) into the market, signaling the upcoming disbursement of payments to creditors who had been affected by its hack attack in 2011.  
  Mt. Gox Set To Release 142,000 Bitcoin Into Market
  Reports from Reddit reveal that the Kraken Bitcoin (BTC) and Bitcoin Cash (BCH) API interface have signaled that Mt. Gox is getting ready to release its substantial cryptocurrency and fiat holdings, which incl
  
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• DeFi may struggle to stay decentralized after new EU law

  14-05-2024 15:08 via cointelegraph.com
  DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models.
  
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• Pre-launch token trading 20 times more volatile than post-launch trading: Keyrock

  14-05-2024 15:07 via cointelegraph.com
  Pre-launch volatility underscores the critical role of liquidity in stabilizing markets, according to the report.
  
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• 'CryptoDad' Giancarlo Joins Paxos Board

  14-05-2024 15:01 via coindesk.com
  
  Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk.
  
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• RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

  14-05-2024 15:00 via coindesk.com
  
  The aims to broaden access to the $1 trillion reinsurance industry, making it more efficient and transparent with blockchain technology.
  
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