Cryptocurrency Financial News

BNB, XRP, Toncoin, Avalanche, and Chainlink recorded gains, trading up to 2% higher. Conversely, Solana, Dogecoin, Cardano, Shiba Inu, and Uniswap saw losses, trading down by up to 2%. However, the global cryptocurrency market cap surged marginally by 0.3% to around $2.39 trillion in the last 24 hours.

At 12:16 am, BTC was trading 0.2% higher at $65,568, while Ethereum rose 3.6% to $3,560. Meanwhile, the global cryptocurrency market cap also surged by 1% to around $2.38 trillion in the last 24 hours.

cryptocurrency tokens was mixed. Bitcoin, Ethereum, Solana, XRP, Toncoin, and Tron saw gains of up to 1.5%. Meanwhile, BNB, Dogecoin, Shiba Inu, Cardano, Avalanche, Uniswap, and Chainlink experienced losses of up to 4%. Meanwhile, the global cryptocurrency market cap declined by 0.09% to around $2.42 trillion in the last 24 hours.

Bitcoin spreads, a profound realization takes hold — Bitcoin possesses unique characteristics that position it as the superior savings technology and arguably the king of all assets. This revolutionary cryptocurrency, launched in 2009, has defied skeptics and emerged as a formidable force in the financial world. The Phases of Bitcoin Understanding

As of 12:58 am IST, Bitcoin was trading 0.5% higher at $67,673, while Ethereum dropped 0.4% to $3,504.

As of 12:43 pm IST, Bitcoin was trading 2.3% lower at $67,770, while Ethereum dropped 3.5% to $3,538. Concurrently, the global cryptocurrency market cap also saw a 2.7% decrease, hovering around $2.46 trillion in the last 24 hours.

Mridul Gupta, Chief Operating Officer of CoinDCX, in a recent live stream on ETMarkets, provided valuable insights into the dynamic world of cryptocurrency investments. Gupta explored foundational concepts such as Web3 and blockchain, discussed the significance of cryptocurrencies as an emerging asset class, and offered practical advice for navigating this ever-changing market.

U.S. employers added 2,72,000 jobs in May, up from April and more than economists expected. The report also showed the unemployment rate rising for a second straight month. Overall, it signals continued strength in the jobs market, with some minor signs of weakening. The strong jobs market has supported consumer spending and the broader economy, but it has also been complicating the Federal Reserve's path ahead for interest rates.

market itself, but in the broader financial world that had left the digital asset sector for dead last year. The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.’s purchase of crypto exchange Bitstamp Ltd. on Thursday, to a resurgence of venture-capital investments to what some analysts are expecting to be record amount of initial public offerings of companies connected to the industry.

ETFs) stealing investor capital, it's been a tough year for bitcoin miners. Marathon Digital and Riot Platforms, among the biggest U.S.-listed miners, have dropped about 10% and 33% respectively so far this year, even as bitcoin has climbed 60% year-to-date to $67,859, after hitting a record level in March.

One in three voters in the United States considers a candidate’s position on cryptocurrencies before making their voting decision.

cryptocurrency company nChain was governed by a golden rule of office politics: It was not a good idea to challenge Craig Steven Wright, the chief science officer. At nChain’s London offices, Wright, an Australian computer scientist, was treated as a sort of philosopher king. He wore three-piece suits and drove a Lamborghini. A middle manager would tape Wright’s ramblings about obscure technical matters and then share the recordings with a staff of researchers, who were instructed to turn his musings into patents. Wright’s authority rested on a claim to a kind of divine significance — that he was the mysterious creator of Bitcoin. The original white paper

On the momentous occasion of Bitcoin Pizza Day, Mudrex, a global crypto investing platform, orchestrated a grand celebration that transcended mere indulgence in culinary delights. Spearheaded by Edul Patel, CEO & Co-founder of Mudrex, the initiative aimed to commemorate the historic Bitcoin transaction of 2010 while fostering awareness and community engagement around cryptocurrency in Bengaluru. Partnering with over 30 WeWorks and collaborating with Zomato, Mudrex embarked on a mission to distribute pizzas to nearly 2,000 children from 25+ orphanages and shelter homes, alongside connecting with 500+ startups across the city. In an exclusive interview with ETMarkets, Edul Patel shares insights into the inspiration behind Mudrex's impactful event, its broader vision for cryptocurrency education, and ambitious plans for future outreach. Additionally, the conversation delves into the current trends shaping the crypto industry, including SEBI's regulatory stance and its implications for Indian investors. Could you share the inspiration behind Mudrex's grand celebration for Bitcoin Pizza Day? Edul Patel: On May 22nd, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast made history by paying 10,000 Bitcoins for two Papa John’s pizzas.

Bitcoin trading that occurs during US market hours has reached an all-time high, accounting for 46% of this year's cumulative volume through April, according to a cryptocurrency research firm. The research suggests that the higher share of trading may be linked to the January launch of spot-Bitcoin exchange traded funds, since volume has increased near the beginning and close of US trading hours, according to Kaiko Research.

Bitcoin surged over 6% to reach $71,178 during Tuesday's trading session, fueled by a surge in buying activity and renewed inflows of capital into spot BTC ETFs. According to the latest data from SoSoValue, Bitcoin ETFs experienced total net inflows exceeding $241 million on May 20. Among them, BlackRock’s Bitcoin ETF, IBIT, attracted over $66 million in total net inflows, while Fidelity’s Bitcoin ETF, FBTC, recorded net inflows of $64 million.

money robbed in a cyber attack and laundered are parked in cryptos, the idea of a 'designated official wallet' to hold and ring fence crypto currencies bought with the proceeds of crime has cropped up. Soon after a transaction by a scammer or the use of a mule account to purchase cryptos is tracked, the virtual digital assets (VDAs) can be moved to the proposed special account which would be under the control of a law enforcement agency (LEA).

cryptocurrency tokens experienced a surge in Tuesday's trading session, ahead of the release of U.S. CPI data, which could potentially impact the trajectory of interest rates. The main focus this week is on Wednesday's actual U.S. CPI figures, to see whether some upside surprises in the first quarter were a blip or worrying trend. Expectations suggest that core CPI will moderate from an annual rate of 3.8% in March to 3.6% for April.

The cryptocurrency market has witnessed the launch of over 1 million new tokens since the beginning of April.

A mere 1% of financial advisors frequently engage in discussions about crypto with their clients due to concerns about potential legal liabilities and associated expenses if the investment goes awry.

US labor market fueled optimism about potential interest rate cuts this year, ahead of next week's crucial inflation data. Meanwhile, the global cryptocurrency market cap surged by 1.7% to around $2.33 trillion in the last 24 hours.

cryptocurrency tokens was mixed. Bitcoin, Ethereum, Solana, Dogecoin, and Avalanche experienced losses of up to 2%. Meanwhile, BNB, XRP, Toncoin, Cardano, Tron, Litecoin, and Chainlink saw gains of up to 4%. Meanwhile, the global cryptocurrency market cap declined by 0.85% to around $2.28 trillion in the last 24 hours.