Tag: cointelegraph

Jun 02
CFTC sues Gemini claiming crypto exchange lied in futures contract evaluation

The agency says the exchange gave false information in person and in documents in its 2017 bid to be among the first to offer Bitcoin futures contracts. 587 Total views 35 Total shares The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New […]

Jun 02
US energy company opens crypto mining facility in Middle East to use stranded natural gas

Denver-based Crusoe Energy will help the Middle East nation to cut the gas flaring with the pilot project scheduled for the end of 2022. 1225 Total views 62 Total shares As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, […]

Jun 02
Bitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price ‘local bottom’

Bitcoin (BTC) recovered to $30,000 prior to the June 2 Wall Street open as feet remained cold across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Crucial breaker rejecting” on Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $30,182 on Bitstamp after wicking down to near $29,300 overnight. […]

Jun 02
Coinbase chief legal officer responds to SEC disclosure FUD

Paul Grewal, the chief legal officer of Coinbase, highlighted that the funds of customers are protected legally and physically. 443 Total views 12 Total shares As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange.  In an SEC disclosure […]

Jun 02
Reliably unreliable: Solana price dives after latest network outage

Solana has suffered its fifth outage of 2022, and the year is only five months old. A bug-related consensus failure was the culprit this time. 7216 Total views 44 Total shares The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 […]

Jun 02
Netscape creator says Web3 really is like the rise of the early internet

Billionaire tech entrepreneur turned venture capitalist Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet.  Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic and […]

Jun 02
Bitcoin daily mining revenue slumped in May to eleven-month low

Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. 1109 Total views 24 Total shares Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months […]

Jun 02
Optimism token falls 40%, prompting calls to bar dumpers from airdrops

Optimism’s freshly launched governance token, OP, has plunged 40% since peaking at $2.10, leading members of the community to discuss baring those who dumped their tokens from future airdrops. Cointelegraph reported on Tuesday that the Ethereum layer-2 scaling solution was overwhelmed with demand for the first OP governance token airdrop, as 5% of the token […]

Jun 01
Here are 3 altcoins that could surge once Bitcoin flips $35K to support

Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs.  Total altcoin index capitalization What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering […]

Jun 01
Price analysis 6/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin (BTC) has made a tentative start to the month of June, suggesting that bears have not gone into hibernation just yet. Although Bitcoin is trading nearly 55% off its all-time high of $69,000, whales and institutions remain cautious and have not jumped into the market with gusto, according to BlockTrends analyst Caue Oliveira. According […]