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Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet. After rising for four successive months, Bitcoin (BTC) is on track to end May with losses of about 7%. Another noteworthy thing in May is that Bitcoin’s 30-day volatility dropped to 1.52%, which is far below the yearly average 4% and higher. Glassnode data shows that Bitcoin’s low volatile periods have only lasted for 19.3% of its total price history. Hence, there is an expectation for volatility to pick up in June. In an exclusive interview with Cointelegraph, Glassnode lead on-chain analyst James Check said that Bitcoin could rally to $32,000, which is its “true cost basis.” Analysts at Glassnode arrived at this level after focusing on active Bitcoin investors and removing coins that are lost forever. Daily cryptocurrency market performance. Source: Coin360 In the near term, the outcome of the vote on the debt ceiling in the United States House of Repre...

SAWA Protocol Integrates Chainlink Automation, helps SAWA to automate the distribution of staking yields, vested tokens, and partner rewards. By integrating the industry-leading decentralized oracle network, they’re able to access high-quality price data feeds needed to help denominate and display native digital asset balances in USD. As SAWA Protocol Integrates Chainlink Automation. Decentralizing Reward Distributions With Chainlink Automation Chainlink Automation decentralizes their reward distribution mechanisms — from staking yields to vested token distribution — with hyper-reliable decentralized oracle networks. Highly reliable, performant, and decentralized automation  — Ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager. Time-tested infrastructure that helps save costs  — Enables to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps...

One Bitcoin can be bought for the equivalent of $22,000 on Binance Australia if paid using Australian dollars. The problem is getting the funds there. Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar.  The move comes as traders rush to cash out their crypto holdings into Australian dollars before the door for local bank withdrawals closes in a few days. On May 18, Binance Australia informed users that it is suspending Australian dollar services after a decision by its third-party payments provider. Deposits via bank transfer were halted immediately, while withdrawals using the PayID service are set to remain open until June 1 at 5 pm local time. The exchange has also warned its Australian clients that any Australian dollars remaining on the exchange after May 31 would be automatically converted into USDT. The announcements have since caused...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Soars as BTC Price Makes a Comeback to Recapture $28K – May 30, 2023 The biggest cryptocurrency hits a low of $25,886 as it makes a comeback to recapture $28K. As Bitcoin’s value increased above the moving average lines, the bulls bought the dips.The bullish momentum stayed consistent below the 50-day SMA.. In other words, the price of Bitcoin is currently being held stable by the moving average lines. As long as buyers are able to keep the price above the 50-day SMA, the rise is likely to continue. One Bitcoin costs $27,803 as of the time of writing. Bitcoin Price Statistics Data: •Bitcoin price now – $27,803.70 •Bitcoin market cap – $539,060,575,862 •Bitcoin circulating supply – 19,387,887 BTC •Bitcoin total supply – $584,088,014,842 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 S upport Level...

Join Our Telegram channel to stay up to date on breaking news coverage Michael Saylor, executive chairman of MicroStrategy, believes that Bitcoin could be the solution to counter cybersecurity threats. According to Saylor, artificial intelligence, such as deepfakes, may fuel cybersecurity threats.  Michael Saylor: Bitcoin is Potential Solution to Fight Cyber-Threats In an interview with Kitco News, Michael Saylor used the example of social media accounts created by robots to illustrate his viewpoint. He pointed out that billions of fake accounts contribute to a digital “civil war” in today’s society, inciting hatred among genuine users of digital platforms. My discussion with @MichelleMakori covering the threats to our cybersecurity from AI, cryptographic security solutions based on #Bitcoin, ethical applications of Ordinals & Inscriptions, and @MicroStrategy Lightning & Orange development efforts. https://t.co/nDQkLoR0OL pic.twitter.com/bzavW...

A little-known altcoin is beating a shaky crypto market this week by starting its own rise and making big gains. Akash Network (AKT) is a decentralized, open-source cloud network that works with machine learning, blockchains, and artificial intelligence (AI). It also works with decentralized finance (DeFi) apps and organizations. The project’s native token, AKT, went from being worth $0.319 per week to being worth $0.462 per week, which is a gain of more than 44%. This week, the price of Akash Network went up because the project worked on trying AI on its testnet. Describes the Twitter account for the project, “The Akash GPU Testnet has completed an incredible week of progress. Multiple leading AI models were tested on an Nvidia A100 via the Akash GPU Testnet, bringing Akash one step closer to creating the AI Supercloud… All of this effort leads to the Incentivized Akash GPU Testnet, which will bring in the community to provide GPU compute, deploy...

Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange. Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand. Gulf Binance — a joint crypto venture of Binance and Gulf Energy’s innovation arm Gulf Innova — has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses enable the firm to operate a crypto exchange regulated by the country’s Securities and Exchange Commission. Announcing the news on May 26, Binance said Gulf Binance is set to launch a new digital asset exchange in Thailand by Q4 2023. The new crypto venture will combine Binance’s digital asset expertise with Gulf’s deep understanding of the Thai market. The companies have been closely working together for more than a year to explore the opportunity to launch a local digital asset exchange . Thai billionaire Sarath Ratanavadi’s Gulf Energy first reach...

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens are back from their half-dead after taking a deep slumber in the past couple of months. Legacy NFT project, Wall St Bulls, leads the NFT rebirth, launching its new and better NFT collection on the Bitcoin network today. The Wall St Bulls Are Back With Bitcoin NFTs The Wall St Bulls is a legendary crypto community renowned for launching one of the most successful non-fungible token projects in the history of NFTs. In 2021, the team launched its Ethereum NFTs, which sold for a record time of 32 minutes. Launched in October 2021, The Wall St Bulls NFT collection served as a way for investors to enhance their membership within the trading community. The NFT collection featured a limited edition of 10,000 unique NFTs on the Ethereum network. The NFT collection was algorithmically generated from over 150 possible traits. The NFT collection included 1,000 colorful bulls on rocket ships. The N...

As the popularity of crypto assets continues to rise, countries worldwide are adjusting to meet the growing demand for Bitcoin and other crypto . While some nations have chosen to regulate the crypto market, others have opted for outright bans. South Korea , despite facing various challenges related to crypto assets, has taken a regulatory approach rather than imposing a ban. As part of its ongoing regulatory efforts, the National Assembly of South Korea recently passed a bill related to crypto. This bill mandated that all high-ranking public officials [above Grade 4] are obligated to report their Bitcoin and other crypto holdings. The unanimous passing of this bill shows South Korea’s commitment to increasing transparency and accountability within the crypto space. The amendment to the National Assembly Act, received unanimous support from all 269 lawmakers present, with 269 votes in favor. Similarly, the amendment to the Public Service Ethics Act, which extends the reporting re...

The Bitcoin price prediction is currently moving bearishly and seems to be preparing for the next move below the support level of $26,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $26,401 Bitcoin market cap – $509.1 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $32,000, $34,000, $36,000 Support Levels: $21,000, $19,000, $17,000 BTC/USD is seen hovering at $26,401, with the current consolidation pattern, the king coin remains below the 9-day and 21-day moving averages. Though Bitcoin (BTC) begins the day off intending to trend higher but couldn’t. Meanwhile, any bullish cross above the 9-day and 21-day moving averages could hit the nearest resistance level of $27,500. Meanwhile, any bearish cross below the lower boundary of the channel could locate the first level of support...

The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state. Cryptocurrency and Bitcoin (BTC) ATM provider, Bitcoin of America, consented with the Connecticut Department of Banking to halt its operations due to a lack of licensing.  In a statement released on May 22, the Department of Banking highlighted that Bitcoin of America failed to obtain a proper license to operate Bitcoin ATM kiosks in the state. However, the consent order was enforced after four Connecticut consumers lost tens of thousands of dollars in a scam involving the kiosks in question. The state revealed: “As a result of the consent order, Bitcoin of America made restitution to these consumers totaling $86,000. Following a criminal indictment, Bitcoin of America is winding down operations here in Connecticut.” Banking commissioner Jorge Perez issued a warning against the use of un license d crypto kiosks. He stated that inv...

Meme coins, including Dogecoin, Shiba Inu, and others, were initially created as fun memes. However, over time, they have evolved to be much more than a meme, creating utility for themselves. Dogecoin and Shiba Inu have come a long way since their inception. However, the duo took their fair share of time to amass a community and grow. One meme coin , however, rewrote the history of meme-based coins. With over 5400% ROI in just a month, PEPE created such hype. Let’s take a closer look at the price of Pepe Coin, and develop an Analysis on the potential decline in its fandom. Also read: Shiba Inu Price Hits Crucial Turning Point: Trillions of SHIB Snatched in Buying Frenzy Source: Outlook India Is the Pepe Coin hype over? Over the last month, the trend has been Pepe Coin. With its extraordinary price performance in a short period of time, the new meme coin has attracted a large fanbase. However, the euphoria appears to have worn off, as PEPE has plummeted in value and is now...

Crypto lawyer Jesse Hynes believes that the judge overseeing the Securities and Exchange Commission’s lawsuit against Ripple may rule XRP as a non-security digital asset if a clear distinction is made between XRP’s early sales and how it is currently sold. Such a ruling would also be contingent on whether the court decides to investigate XRP’s status as a security. Hynes, who previously served as the chief legal officer at Gala Games, took to Twitter earlier today to reflect on the latest developments in the SEC’s controversial lawsuit against Ripple. According to Hynes, the court will most likely find that the early-day sales of XRP violated U.S. securities laws. However, he added that the crypto lawyer believes that the judge will “determine that Ripple is no longer violating securities laws in how they are currently doing sales.” The crypto lawyer stated that there is considerable uncertainty as to whether the court will decide to tackle the question of whether XRP is a ...

Join Our Telegram channel to stay up to date on breaking news coverage Gemini has raised concerns over DCG’s failure to honor the $630 million payment obligation. The payment in question relates to a loan provided by Gemini to Genesis, a crypto-lending subsidiary of DCG. Genesis is currently undergoing bankruptcy proceedings. Firm Warns of Potential Default by DCG and Considers Forbearance Options Gemini issued a warning recently, expressing concern that DCG might default on its obligations if it doesn’t make the required payment or restructure its debt. In an update on its website, the exchange led by the Winklevoss twins said it is currently evaluating the option of granting forbearance to DCG, along with creditor committees, to prevent a default.  The decision to grant forbearance will partly depend on whether all parties believe DCG will negotiate in good faith for a consensual deal. If no resolution is reached, the crypto exchange is considering presentin...