Investors are moving towards safer assets like Bitcoin and stablecoins as Glassnode’s report suggests altcoins are at a critical juncture between a bullish and bearish breakout, with concerns over regulations and insufficient liquidity contributing to a preference for lower-risk assets.
Mercado Bitcoin, a cryptocurrency exchange in Brazil, has received a payment provider license from the country’s central bank to introduce its fintech solution, MB Pay, providing Brazilian users with a diverse range of digital banking services that leverage crypto assets held on the exchange, amidst growing demand for digital solutions in the country.
Denish Sahadevan, commonly recognized by the pseudonym “Danny Devan” on TikTok, admitted guilt in federal court on Wednesday with regard to the offenses of wire fraud, aggravated identity theft, and money laundering, which relate to the use of cryptocurrencies such as Bitcoin.
Elon Musk’s warning regarding the crypto market has caused anxiety among investors and enthusiasts amidst significant declines in Bitcoin and Ethereum values.
Bitcoin and Ether experience a decline in value, while Litecoin gains support ahead of its third halving event, with Cardano leading the losers among the top 10 non-stablecoin cryptocurrencies.
Dr. Saifedean Ammous, a respected economist and author of “The Bitcoin Standard,” has been appointed as an economic advisor to the National Bitcoin Office of El Salvador, a move which underscores the country’s dedication to integrating Bitcoin into its economic strategies, as declared on May 30.
Ethereum remains the most widely used blockchain for non-fungible tokens (NFTs) globally, with $173 million, while Solana saw $49 million over the same period.
The President of the United States, Joe Biden, has made an appeal to the United States Congress, urging them to expeditiously pass the agreement.
Bitcoin has secured the second position in the list of most popular blockchains for NFTs globally, surpassing Solana, with a transaction volume of $173 million as compared to Solana’s $49 million.
On Friday, Bitcoin spearheaded a surge in cryptocurrency prices, which enabled it to recover almost all of its losses from the week. This came after the cryptocurrency had fallen to its lowest level since mid-March on Wednesday night.
