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Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers’ efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for …
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When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s using a similar strategy — this time borrowing against his Bitcoin (BTC) to hedge against the crumbling US dollar. Di Bartolomeo connected with me during Canada …
Continue reading “Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar”
Members of the US House of Representatives called for the Justice Department to investigate Donald Trump’s May 22 dinner for his top memecoin investors, citing concerns about “foreign influence over US policy decisions” and “potential corruption and emoluments clause violations.” In a May 22 letter to the Justice Department, 35 House members asked the public …
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Key takeaways: Short-term Bitcoin holders realized $11.6 billion in profit over the past 30 days, suggesting a potential pause or local top in the market. Technical indicators show cooling momentum as retail investor sentiment falls to a 90-day low and liquidity data points to price volatility. Bitcoin (BTC) price recently hit a new all-time high …
Continue reading “Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit”
Key points: Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip. Excessive leverage in Bitcoin futures increases the risk of a quick correction. Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies. Sellers have pulled Bitcoin (BTC) back below the breakout …
Continue reading “Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK”
Key points: Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip. Excessive leverage in Bitcoin futures increases the risk of a quick correction. Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies. Sellers have pulled Bitcoin (BTC) back below the breakout …
Continue reading “Price predictions 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK”
Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows. Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing …
Continue reading “Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined”
It’s been 30 years since computer scientist Ben Goertzel wrote his first line of AI code, already convinced that artificial intelligence should be decentralized. Today, as the world approaches the dawn of Artificial General Intelligence (AGI), who leads this breakthrough could have profound consequences for the future of humanity. Speaking with Cointelegraph at the Consensus …
Continue reading “‘In ‘93, it became clear to me AI should be decentralized’ — Ben Goertzel”
Key takeaways: Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption. A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin. A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a …
Web3 developer platform Alchemy has acquired HeyMint, a California-based non-fungible token (NFT) launchpad, in a move designed to enhance the company’s smart wallet infrastructure. The undisclosed funding deal will see HeyMint’s infrastructure embedded within Alchemy as it seeks to simplify user onboarding for Web3 applications, the company disclosed on May 23. HeyMint’s co-founder and chief …
Continue reading “Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount”
