Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. The Ethereum spot exchange-traded fund (ETF) was approved by the U.S. Securities and Exchange Commission (SEC) on May 23. Despite this long-awaited decision, the price of Ether failed to hold above $3,800 on May 24, which was surprising given that ETH was…
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Former United States President Donald Trump claims he is “very open minded” to “all things related to this new and burgeoning industry.” The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump. “Our country must be the leader in the field, there is…
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A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset. A potential return of Bitcoin $69,492 to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst. Escape velocity is a…
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The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers. Semiconductor giant Nvidia has no plans to slow its artificial intelligence ambitions following bumper quarterly revenues, netting the firm a record $26 billion for the first quarter. On May 22, Nvidia released its Q1 earnings report.…
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CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment. Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday after suggesting that Solana (SOL) could be the next cryptocurrency to get a spot…
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The trader made an over 993x gain on their initial investment, spurring insider trading allegations. A savvy trader turned $2,275 worth of Solana tokens into a profit of $2.26 million in just eight hours. The memecoin trader’s wallet, known as “sundayfunday.sol,” made an over 993x gain on their 13 Solana token investment into newly-launched memecoin 1DOL, according to a…
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The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management. Sam Altman and Greg Brockman, the CEO and president of ChatGPT maker OpenAI, respectively, recently took to X to publicly discuss the recent departure of Jan Leike, arguably the company’s former top safety officer. As Cointelegraph…
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Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers. Professor Massimiliano Sala of the University of Trento in Italy recently discussed the future of blockchain technology as it relates to encryption and quantum computing with the crew at Ripple as part of the company’s ongoing university lecture series. Sala’s discussion focused on…
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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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