Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This modest increase may ease some inflation concerns for the Fed, but consistent readings are necessary to support...
Robert F. Kennedy Jr. (RFK Jr.) says he bought 21 bitcoins for his children after winning a $13 billion case against biotech giant Monsanto, the crypto-friendly U.S. presidential candidate said at Consensus 2024 in Austin, TX, on May 30. RFK Jr. Bought 21 Bitcoins For His Children Following Legal Victory In 2018 An established attorney...
Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million hack at a Japanese crypto exchange and President Biden’s veto of a bill targeting SEC crypto regulations. Additionally, Vitalik Buterin’s insights on Bitcoin scaling disputes emphasize the need for new technologies...
Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend. Per an official notice from the Argentinian CNV and a report from Criptonoticias, top officials met the head of El Salvador’s National Digital Assets Commission last week. Officials said the...
The Bitcoin white paper has made its way back to the Bitcoin.org website following Craig Wright’s unsuccessful attempt to prove his identity as Satoshi Nakamoto, the pseudonymous creator of the Bitcoin protocol. Hennadii Stepanov, the maintainer of Bitcoin.org, announced the return of the white paper by sharing a link to the PDF on platform X....
The Bank of Israel (BoI) is speeding up efforts to develop its central bank digital currency (CBDC), dubbed the “digital shekel.” In a recent update on May 28, the bank revealed plans for the CBDC’s payment use case through the ‘Digital Shekel Challenge’ experiment, a key part of its action plan for the potential issuance...
Ex-US President Donald Trump rallies behind cryptocurrencies, embracing “all things related to this new and burgeoning industry.” “I am very positive and open minded to cryptocurrency companies,” he reiterated his pro-crypto stance on Sunday, during the Libertarian National Convention address. Trump assures that he would never let crypto die, throwing a shade on Biden’s moves...
The Texas State Securities Board greatly damaged a fraudulent Arkbit cryptocurrency cloud mining operation on with a May 28 cease and desist order against Arkbit Capital for engaging in deceptive practices to perpetrate an alleged investment fraud. The order revealed that the Texas State Securities Board, led by Financial Examiner Alexis Cantrell, uncovered Arkbit’s false...
ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years. In an X thread, Cathie Wood praised El Salvador’s transitions into an “oasis” for Bitcoin and AI adoption under Nayib Bukele’s presidency. “President Bukele’s determination to turn El Salvador into an oasis...
As the deadline for President Biden’s decision on the SEC’s cryptocurrency regulations approaches, Bitcoin’s market response remains cautious. Currently trading at $68,400, the cryptocurrency has experienced a slight decline of 0.50%. This movement could indicate a bearish trend in Bitcoin price predictions, suggesting that investors are weighing the potential impacts of regulatory changes on the...