[ad_1] U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. Khanna’s Office described the upcoming meeting as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United States.”This initiative is…
Author: dfrancis36
[ad_1] Polkadot (DOT), a prominent player in the blockchain ecosystem, is currently experiencing a dramatic decline, prompting a bearish alert. The cryptocurrency is in freefall, with its price plummeting towards new lows. A combination of market-wide volatility, negative investor sentiment, and regulatory pressures fuels this sharp downturn. As DOT’s value continues to erode, investors are advised to brace for further losses and reassess their strategies in light of these bearish signals. In this analysis, we will dive into Polkadot’s price prospects with the help of some technical indicators focusing on the 1-hour and the 4-hour timeframe. DOT Price Still Actively…
[ad_1] The New York State Attorney General’s Office has secured a settlement of approximately $50 million with the crypto exchange Gemini Trust Company, LLC (Gemini). This marks the latest development in a high-stakes lawsuit involving the New York AG, Gemini, its former business partner Genesis Global Capital, and several other defendants. Gemini Banned From Running Crypto Lending Program In a press release on Friday, New York Attorney General Letitia James announced the successful recovery of $50 million from Gemini targeted at compensating victims who lost money to the exchange’s popular earn program. James stated that over 230,000 investors, including 29,000…
[ad_1] Solana (SOL) whales are at it again, as they are seen to have moved a significant amount of their Solana holdings in the last 24 hours. This comes amidst the bearish sentiment in the crypto market, which has also caused Solana’s price to decline. Solana Whales Move Over $500 Million Worth Of SOL In Several Transactions On-chain data shows that Solana whales have conducted six large transactions in the last 24 hours. The first transaction involved the transfer of over 1.5 million SOL tokens ($216 million) to an unknown wallet (HCC…wmr). This wallet then sent 1.13 million SOL tokens ($163 million)…
[ad_1] Bitcoin (BTC), the leading cryptocurrency by market capitalization, is facing renewed bearish pressure as its price falls below the 1-day Simple Moving Average (SMA). This technical indicator, widely used by traders to gauge market trends, signals a potential continuation of the downward trajectory for BTC. As Bitcoin targets new lows, the breach of the 1-day SMA underscores increasing bearish sentiment and heightened volatility in the market. Investors and analysts are closely monitoring this development, as it may indicate further declines and set the stage for Bitcoin to test lower support levels. With a market capitalization of more than $1.3…
[ad_1] According to data from CoinMarketCap, Bitcoin has had an unimpressive week with its market price falling by 4.65% over the last seven days. However, prominent crypto analyst Ali Martinez has released a price alert indicating that the market leader could be set for more losses if it fails to secure a certain support zone. Related Reading Bitcoin URPD Chart Shows Potential Correction – Analyst In an X post on June 15, Martinez stated that Bitcoin needs to quickly rise above $66,254 else it risks a potential decline to around the $61,100 price mark. Martinez based his theory on the…
[ad_1] Discussions around when the Spot Ethereum ETFs will likely begin trading have continued to heat up. This time, Bloomberg analyst Eric Balchunas and fellow Bloomberg analyst James Seyffart have shared an update on when they expect these funds to begin trading. Spot Ethereum ETFs To Begin Trading By July 2 Balchunas stated in an X (formerly Twitter) post that they are moving their “over/under date” for the launch of the Spot Ethereum ETFs to July 2. He revealed they had heard that the Securities and Exchange Commission (SEC) sent fund issuers comments on their respective S-1 filings. These comments…
[ad_1] MicroStrategy, a leading American business intelligence and analytics company, has unveiled plans to buy Bitcoin once again. The AI-powered firm upsized its initial $500 million offerings on convertible notes to $700 million, intending to use the proceeds to acquire an equivalent amount of Bitcoin. This massive Bitcoin purchase could see the price of the cryptocurrency rising, triggered by the boost in demand amidst price volatility. MicroStrategy Set To Increase Bitcoin Holdings In a recent press release, MicroStrategy announced the sales of its new $700 million convertible notes offerings, which it plans to use to buy more Bitcoin and expand…
[ad_1] One lucky trader is looking at huge profits after one Solana (SOL)-based memecoin soared over 1,200% in just three weeks, according to on-chain data. Blockchain tracking firm Lookonchain says that one pre-sale participant in Beercoin (BEER) just made off with more than $1 million in profit. “A BEER pre-sale participant is selling BEER, and he made a total profit of $1.3 million on BEER! This guy spent 301.2 SOL ($50,000) to participate in the pre-sale and received 3.38 billion BEER. Then he exchanged 5.45 billion BONK ($192,000) for 1.86 billion BEER on May 26th. After BEER was listed on…
[ad_1] A recent buying spree by a deep-pocketed XRP investor has sent ripples (pun intended) through the cryptocurrency community. This whale, with a seemingly bottomless appetite for XRP, has scooped up nearly 27 million coins, sparking speculation of a potential price surge. However, the broader market sentiment remains murky, leaving investors to navigate a sea of conflicting signals. Related Reading XRP Whales Bet Big On Coin’s Future The on-chain transaction tracker, Whale Alert, reported a significant purchase by a known XRP whale. This investor, identified by a cryptic wallet address, gobbled up 27.74 million XRP from cryptocurrency exchange Binance. This…