Author: Satoshi Prime

The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. Source link

U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on May 19. The topics of discussion were the importance of Bitcoin to U.S. national and energy security and the upcoming legislation surrounding cryptocurrency, blockchain,…
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Democratic presidential candidate Robert F. Kennedy Jr. (RFK) will be the first presidential candidate in United States history to accept campaign donations with Bitcoin, making his first appearance as a presidential candidate at the crypto conference. He praised the cryptocurrency as a “symbol of democracy and freedom” during the event.  “Today we show the world…
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Bitcoin (BTC) nudged $27,000 after the May 19 Wall Street open as the Chair of the United States Federal Reserve delivered comments on policy. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price volatility returns as Powell speaks Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it attempted to reclaim the focal…
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The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision…
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In this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Hall about what it means to be a Bitcoin (BTC) supporter and the current state of the Bitcoin network. The discussion ranged from Bitcoin maximalism and living on the Bitcoin standard,…
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Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Inflation specter haunts crypto markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp. A modest recovery then took the pair to a range familiar…
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Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to becoming law in the United States state of Texas. The bill passed a Senate vote and now awaits only the state governor’s signature.  On May 15, state bill 1666, amending the…
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Crypto needs to establish itself as a “brand-new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global. The company’s United States arm recently filed for Chapter 11 bankruptcy, announcing it intended to return customer funds and wind U.S. operations. It added it would…
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Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data. Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets. Tether uses the…
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