The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020.…
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The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Source link
Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days. CryptoLaw, an account created by the attorney representing over 76,000 XRP (XRP) tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit, responded to the hacker’s tweet from the attorney’s account. CryptoLaw clarified that the…
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Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing. According to a June 2 court filing in a New York Bankruptcy Court, FTX has raised an objection to Genesis’ estimation that its debtors…
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What do progressive Democrats, Republican national security hawks and Wall Street traders have in common? They are all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who profited from the recent carnage at crypto banks, is the latest example. Crypto natives…
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Cryptocurrency exchange Mercado Bitcoin was granted a payment provider license from Brazil’s central bank on June 2, according to local media reports. With the license, the company will launch its fintech solution MB Pay. “The approval of the Central Bank is a crucial step, as it allows us to continue expanding our business and providing…
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Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass. The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax equal…
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Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year.…
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Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players. Source link
Bitcoin (BTC) “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns. In its latest market update on June 2, trading firm QCP Capital revealed a bullish bias on both Bitcoin and largest altcoin Ether (ETH). QCP Capital: Bitcoin consolidation “played out perfectly” Bitcoin price has been ranging between…
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