Amid the broader market correction, the Ethereum coin witnessed a three-day losing streak with its price falling from $3286 to $2888 accounting for 12%. The recent fall backed by increasing volume hints at the sellers’ conviction to lead the asset value lower as BTC goes Sub-60K. However, an analysis of the daily chart shows the The post What Historical Trends Hint for Ethereum Price Behavior in May? appeared first on CoinGape .
U.S. Senator Cynthia Lummis has criticized the Department of Justice (DOJ) for its recent interpretation of regulations surrounding non-custodial software wallets. In the view of Senator Lummis, the DOJ’s method is inconsistent with the past advice provided by the Treasury, which considers such wallets as means of potential money transmissions. This contradiction, she believes, may The post Senator Lummis Vows to Protect Bitcoin Against DOJ Overreach appeared first on CoinGape .
Following the pressure from the SEC, federal prosecutors in the USA launched an investigation against a major cryptocurrency company. Continue Reading: Federal Prosecutors in the U.S. Investigate Another Cryptocurrency Company: This Time Targeting a Surprising Name
The US Fed Meeting has dominated market narratives in the last 48 hours as analyst predicts the direction of US Stocks. The stock market has recorded slight gains in the last 24 hours as traders shake off the expected hawkish Fed meeting outcome. The US Federal Reserve left interest rates unchanged today, a move anticipated The post US Stocks Gain As Wall Street Picks Up With Unchanged Rates appeared first on CoinGape .
Top financial service provider and Real World Asset (RAW) tokenization platform Securitize has secured $47 million in a new funding round led by its partner BlackRock. Securitize to Enhance Tokenization With New Fund Securitize announced the completion of the fundraiser today, marking a good start for the month. Apart from investment asset management firm BlackRock The post RWA Tokenization Leader Securitize Pulls $47M In Funding Led By BlackRock appeared first on CoinGape .
Binance Coin Price: BNB, the native cryptocurrency of the world’s leading cryptocurrency exchange has witnessed a notable downswing amid the recent market sell-off. The Binance coin plunged from $618 to its current trading price of $550 recording a 10.9% weekly loss. Will the four-month sentencing of former Binance CEO CZ increase selling pressure on BNB? The post Why Binance Coin Price Can Overcome Market Turmoil to Rally Beyond $700? appeared first on CoinGape .
In the last 48 hours, the Bitcoin price has witnessed intense selling pressure evidenced by the two long red candles in the daily chart. From $64714, the BTC price plunged 12.7% to currently trade at $56921, which the market cap fell to $1.28 Trillion. This downswing could be attributed to the negative outflow in BTC The post What’s Next For Bitcoin Price After A Decisive Breakdown From $60k? appeared first on CoinGape .
Former Binance CEO Changpeng Zhao was sentenced to four months in prison after pleading guilty to money laundering violations in the United States. On April 30, the former CEO of the largest crypto exchange by volume once regarded as the most powerful man in the market was sentenced. The court’s decision sparked several discussions along The post How Binance’s Changpeng Zhao Sentence Will Impact The Market? appeared first on CoinGape .
Only a few days after the just concluded halving event, Build on Bitcoin (BOB), is now live on its mainnet. This marks a significant advancement in Bitcoin L2 innovation. Build on Bitcoin Bringing the Best of Two Worlds The launch of Build on Bitcoin signifies a key moment in Bitcoin’s integration into Decentralized Finance (DeFi) The post Layer-2 Protocol Build on Bitcoin (BOB) Goes Live On Mainnet appeared first on CoinGape .
There is a strong insinuation that Jack Dorsey’s Block and some of its affiliated platforms may be involved in facilitating transactions for terrorist groups. Hence, Federal Prosecutors have reportedly launched an investigation into their internal practices. Strong Evidence Against Cash App and Square A former employee of the financial technology firm established by Twitter co-founder The post Jack Dorsey’s Block Inc Is Under Federal Probe: Report appeared first on CoinGape .