Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp. The pair saw weakness after…
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Digital asset firm Bakkt has dropped 25 of the 36 crypto tokens listed on its recently acquired trading platform Apex Crypto. A spokeswoman for the company told Cointelegraph on May 12 that the decision was “part of our regular coin listing review process,” and added that: “Our clients’ and their consumers’ best interests are our core…
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Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry. Binance is joining some of its smaller competitors in the Canadian exodus brought on by the introduction…
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Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources. The governor urged state lawmakers in March to draft the bill. The new law prohibits the use of a United States federal CBDC “as money within Florida’s Uniform Commercial Code (UCC).”…
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At the recent Dubai Fintech Summit event, Saqr Ereiqat, the co-founder of venture-building firm Crypto Oasis, spoke about the United Arab Emirates’ infrastructures and how they can be “ideal” for crypto businesses. Speaking with Cointelegraph, Ereiqat highlighted that there are several factors that businesses should look at when considering a place to set their companies…
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In 2018, the world was shocked to learn that British political consulting firm Cambridge Analytica had harvested the personal data of at least 50 million Facebook users without their consent and used it to influence elections in the United States and abroad. An undercover investigation by Channel 4 News resulted in footage of the firm’s…
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Montenegro has granted approval to the bail terms proposed by Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law. According to the official document released by local authorities on May 12, the court has accepted the proposed bail offer for Kwon and Chang-joon of 400,000 euros ($436,000) each, along…
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Bitcoin (BTC) is entering prime “buy the dip” territory as the clock ticks down to the 2024 block subsidy halving. That is the conclusion of several well-known market participants this month, with Bitcoin just one year away from its “very interesting” next halving. Bitcoin vs. the halving: Time to buy? Bitcoin halving cycles are known…
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Countries around the world are beginning to grapple with the pervasiveness of artificial intelligence (AI). While some look to the emerging technology with concern, others, like Romania, embrace it. According to a report from the Financial Times, Romanian officials have introduced an AI-powered robot named Ion, intending to enhance the government’s understanding of public concerns. …
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United States state legislators in Texas have voted to amend the state’s Bill of Rights and add a provision recognizing the right of individuals to possess, retain and utilize digital currencies. The decision was made on Wednesday, May 10. Bill HJR 146, introduced by State Representative Giovani Capriglione, declares that individuals have the right to…
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