Vested crypto tokens worth over $3B to be unlocked in May
Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks. Go to Source
Month: May 2024
Bitcoin Technical Analysis: BTC Bulls Challenge Upper Resistance Amid Bearish Pressure
As of May 3, 2024, bitcoin’s price stands at $59,142, with a 24-hour intraday range of $57,789 to $60,000. The leading cryptocurrency maintains a market capitalization of $1.15 trillion and has recorded a trading volume of $28.43 billion over the same period. Bitcoin Bitcoin’s daily chart analysis reveals a consistent bearish trend with BTC’s price … Read more
Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted … Read more
Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K
Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000. Go to Source
Biggest Friend.tech whale dumps tokens as users struggle to claim airdrop
The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop. Go to Source
The rise of the Chinese AI unicorns doing battle with OpenAI
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country. Go to Source
Arweave ($AR) Leads Daily Gainers With 17% Surge On Coinmarketcap
Today, the decentralized storage network Arweave ($AR) has captured the spotlight as the top daily gainer on Coinmarketcap, boasting an impressive 17% surge in its price. One of the contributing factors to this surge is the recent announcement by Coinbase International Exchange (CoinbaseIntExch). The exchange revealed its plans to add support for perpetual futures of … Read more
Nigerian fintechs crack down on crypto, users face account blocks
The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening. Go to Source
Arbitrum Recovers To $1 Amidst Development Activity Surge
Today marked a slight resurgence for Arbitrum as it reclaimed its $1 trading price, following a recent downturn where it lost up to 30% in value over the past 30 days. Despite this setback, Arbitrum continues to maintain its position as the third-leading Layer 2 cryptocurrency by development activity, as revealed by data from Santiment … Read more
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly all participants in the country’s financial services sector, are susceptible to … Read more