Crypto investors have flocked to unofficial GameStop memecoins because they’re jumping on any “sign of hope they can,” say traders. The price of unofficial GameStop memecoins have spiked alongside the rise of Gamestop’s (GME) share price due to a general sense of sluggishness in the market, say several crypto traders. “People are bored and are…
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Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm. Geoffrey Morphy, the now former President and CEO of cryptocurrency mining firm Bitfarms, will be stepping down immediately after filing a lawsuit against the company in…
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Adding to the bullish technical formation, Bitcoin’s distribution ‘danger zone’ has officially ended, according to popular analyst Rekt Capital. A popular Bitcoin chart formation suggests that Bitcoin’s price could break out from its current range. However, this week’s macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout…
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Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets. Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event like the collapse and subsequent uncovering of fraud perpetrated by…
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The state-backed North Korean hacking group Kimsuky reportedly used a new malware variant to target at least two South Korean crypto firms. North Korean hackers are reportedly utilizing a “striking” new malware variant dubbed “Durian” to launch attacks on South Korean crypto firms. The North Korean hacking group Kimsuky used the new malware in a…
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He also reiterated his call for an international safety agency to protect against existential threats related to AI. OpenAI CEO and Tools for Humanity chair Sam Altman believes the progress being carved out by today’s frontier artificial intelligence (AI) models could lead to a vast restructuring of socioeconomics. Altman recently unveiled a vision wherein treating…
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Eigenlayer launched a claims process for its highly anticipated EIGEN token, but it won’t be transferable to others until further features are added. Ethereum restaking protocol Eigenlayer has launched its token-claim process, or “airdrop,” for Season 1, Phase 1 rewards, according to a May 10 blog post from the protocol’s development team. The claims process…
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Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments. ARK Invest and 21Shares have removed staking plans from their updated spot Ether exchange-traded fund proposal. In the updated filing submitted on Friday, May 10, the clause stating 21Shares would stake a portion of the fund’s assets…
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Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms. Bitcoin challenged $60,000 support into the May 10 daily close as the classic post-halving “danger zone” spooked bulls. BTC/USD 1-hour chart. Source: TradingView BTC price gives up gains above $60,000 Data from and TradingView showed intraday BTC price lows of $60,190…
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Billionaire investor Mark Cuban says that assigning all authority to the CFTC “could solve” the problem of vocal crypto voters for current United States president Joe Biden. Billionaire investor Mark Cuban has pushed for the Commodities Futures Trading Commission (CFTC) to take charge of regulating “all crypto,” along with a final plea to the U.S.…
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