Key points: Bitcoin continues to attack a key resistance zone below all-time highs. “Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open. Signs of profit-taking are increasing amid the highest prices since January. Bitcoin (BTC) is attracting “parabolic” price targets as bulls continue to hold six figures…
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Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats. Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich. “These inflows indicate…
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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe. Gemini has secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union, the exchange announced…
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Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’s failure on partisan politics during a Senate speech on May 8. Scott said the vote, which failed to reach cloture in the Senate, was expected to mark a step toward greater affordability and innovation. Instead, he said,…
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Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the…
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Key points: Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next. After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants. Current price action represents an important battleground, as measured from the $75,000…
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German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack. The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH),…
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American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16. The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as…
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Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury. Through a $21.25 million issue of “0% Ordinary Bonds,” all the “funds raised will be allocated to the purchase of Bitcoin,” the firm said in a May 9 statement. Zero-coupon…
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A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria. Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for…
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