Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
The inverse head and shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” to $67,500, according to a crypto trader. Source link
Grayscale’s GBTC stops bleeding: First inflow since launch
Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Source link
Former Cred execs face wire fraud and money laundering charges
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8. Source link
Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. Source link
BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Source link
FTX debtors will assess values of crypto claims based on petition date market prices
The debtors of the now-defunct cryptocurrency exchange FTX have filed the amended Chapter 11 plan of reorganization which indicates the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022. In a recent court filing in the United States Bankruptcy Court for the District of Delaware…
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Grayscale mulls over potential tax implications for spot Bitcoin ETFs
Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-trade funds (ETF), prompted by inaccurate reports circulating about unfavorable tax implications. In a series of posts on X (formerly Twitter), Grayscale clarifies that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to incur tax implications when the fund sells…
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Taiwan officials launch inquiry into crypto betting on election results: Report
With the Taiwan presidential election looming within a month, residents of Taiwan have been reportedly warned against using cryptocurrency betting platforms to wager on the presidential outcome. This advice comes amid an ongoing investigation, with several individuals already called for questioning. According to a recent local report, a number of Taiwanese citizens have utilized the…
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Games need bots? Illivium CEO admits ‘it’s tough,’ Web3 games 42X upside: Web3 Gamer
Is a game even a game without bots? Pixels CEO doesn’t think so Some think that bots in games is a sign of the apocalypse, or perhaps just the makers trying to fill up an empty venue to make it look popular. But Pixels founder and CEO Luke Barwikowski says that conversely, if people aren’t…
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Brett Harrison (ex-FTX US), X Hall of Flame – Cointelegraph Magazine
The former president of FTX US dishes the dirt on his falling out with former Jane Street colleague Sam Bankman-Fried and predicts the spot Bitcoin ETF will far outshine the record-breaking success of the Bitcoin Futures ETF. Who is this guy anyway? The ex-president of FTX US, Brett Harrison, tells Magazine that he didn’t say…
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