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US Secret Service to hold AMA to educate crypto users

The US Secret Service's San Francisco REACT team will hold an ask me anything (AMA) session on May 15, 2023, from 11 AM PM on Reddit

Dogecoin Price Analysis: Will DOGE Price Hit $0.1 Mark Before May 2023 End? | Coingape

Dogecoin Price Analysis: The ongoing correction in Dogecoin price takes a major halt at the combined support of $0.071 and a lower trendline of the wedge pattern. In the daily chart, the candles show several lower price rejections at the aforementioned support indicating the sellers are struggling to follow the bearish path. These reversal signs The post Dogecoin Price Analysis: Will DOGE Price Hit $0.1 Mark Before May 2023 End? appeared first on CoinGape.

Terra founder gets bail, institutional adoption surges, regulatory efforts endure | Weekly Recap

The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption…

Buyers Losing Key Support Hints Ethereum Price at 12% Downside Risk for Coming Week | Coingape

The Ethereum price breakdown from monthly support of $1827 indicates this altcoin is poised for a longer correction. However, the falling price witnessed significant demand pressure near the 100-day EMA at $1766, indicating the buyers have not thrown the towel yet. Thus, in the coming week, the coin holder may witness a brawl between the The post Buyers Losing Key Support Hints Ethereum Price at 12% Downside Risk for Coming Week appeared first on CoinGape.

Demand Pressure at Key Support Hints Bitcoin Price to Rise 7% in Coming Week; Enter Now? | Coingape

Amid the increasing supply pressure in the market, the Bitcoin price showed a decisive breakdown attempt from the monthly support of $27000-$26786 on May 12th. However, by the end of the day, the buyers undermined nearly the entire selling pressure and pushed the prices up with a long tail formation. This rejection candle indicates the The post Demand Pressure at Key Support Hints Bitcoin Price to Rise 7% in Coming Week; Enter Now? appeared first on CoinGape.

BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty. Crypto mining firm Riot Platforms – formerly Riot Blockchain – is seeking to recover “more than $26 million” in alleged unpaid fees from Texas-based Bitcoin (BTC) miner, Rhodian Enterprises, according to its Q1 2023 report.Published on May 10, Riot's Q1 2023 financial report stated that Whinstone – a wholly owne

BTC miner Rhodium faces lawsuit over alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms is seeking to terminate “certain hosting agreements” with Rhodium Enterprises and be relieved of refunding any outstanding power credits. Crypto mining firm Riot Platforms — formerly Riot Blockchain — has taken legal action against Texas-based Bitcoin (BTC) miner Rhodium Enterprises to recover “more than $26 million” in alleged unpaid mining facility fees.According to Riot Platform’s Q1 2023 financial report published on May 10, Rhodium alleg

Breaking: Elon Musk Joins PEPE Coin Frenzy | Coingape

Crypto Market News: Just when the crypto market has been speculating about whether the ongoing memecoin season has peaked, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news of Linda Yaccarino taking charge as the new Twitter CEO. Earlier, CoinGape The post Breaking: Elon Musk Joins PEPE Coin Frenzy appeared first on CoinGape.

Breaking: Elon Musk Joins PEPE Coin Frenzy | Coingape

Crypto Market News: Just when the crypto market has been speculating about whether the ongoing memecoin season has peaked, billionaire Elon Musk joined the party with an indirect mention of Pepe Coin in a meme. This came hours after Musk shared the news of Linda Yaccarino taking charge as the new Twitter CEO. Earlier, CoinGape The post Breaking: Elon Musk Joins PEPE Coin Frenzy appeared first on CoinGape.

US Bank Deposits Continue To Fall, What It Means For Bitcoin? | Coingape

According to Genevieve Roch-Decter, CFA, US bank deposits are about to slip under $17 trillion for the first time in over 2 years. It could be an indicator that people are moving their money from banks to cryptocurrencies such as Bitcoin. US Bank Deposits Declines One potential reason for this trend is the recent spate The post US Bank Deposits Continue To Fall, What It Means For Bitcoin? appeared first on CoinGape.

US Bank Deposits Continue To Fall, What It Means For Bitcoin? | Coingape

According to Genevieve Roch-Decter, CFA, US bank deposits are about to slip under $17 trillion for the first time in over 2 years. It could be an indicator that people are moving their money from banks to cryptocurrencies such as Bitcoin. US Bank Deposits Declines One potential reason for this trend is the recent spate The post US Bank Deposits Continue To Fall, What It Means For Bitcoin? appeared first on CoinGape.

US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill

The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted. Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.Congressional records showed Idaho Senator James Risch and New Jersey Senator Bob Menendez intro

Coinbase establishes advisory council with former US lawmakers

Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies. Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leadersIn a May 12 blog post, Coinbase said its Global Advisory Council would aim to navigate the “increasingl

All You Need To Know About Twitter’s New CEO Linda Yaccarino | Coingape

Twitter, the popular micro-blogging platform, has recently appointed Linda Yaccarino as its new CEO. On Friday, Dogecoin-fan Elon Musk officially announced his departure from the role of CEO upon Linda’s nomination which is slated to happen in the next six weeks. With her vast experience and advertising skills, the broader Twitter community anticipates that the The post All You Need To Know About Twitter’s New CEO Linda Yaccarino appeared first on CoinGape.

All You Need To Know About Twitter’s New CEO Linda Yaccarino | Coingape

Twitter, the popular micro-blogging platform, has recently appointed Linda Yaccarino as its new CEO. On Friday, Dogecoin-fan Elon Musk officially announced his departure from the role of CEO upon Linda’s nomination which is slated to happen in the next six weeks. With her vast experience and advertising skills, the broader Twitter community anticipates that the The post All You Need To Know About Twitter’s New CEO Linda Yaccarino appeared first on CoinGape.

Florida governor supports state bill banning CBDCs

Governor Ron DeSantis of Florida has voiced his backing for a proposed bill that seeks to prohibit the use of CBDCs as a form of currency within the state

Cardano Price need this Resistance Breakout to Trigger a New Recovery Rally; Is $0.5 Within Reach?  | Coingape

Amid the recent correction phase in the crypto market, the ADA price showed a price downfall for nearly a month and plunged to local support of $0.35. However, the daily chart shows the aforementioned support is also aligned with the lower trendline of the channel pattern. This pattern has carried a recovery rally in the The post Cardano Price need this Resistance Breakout to Trigger a New Recovery Rally; Is $0.5 Within Reach?  appeared first on CoinGape.

Cardano Price need this Resistance Breakout to Trigger a New Recovery Rally; Is $0.5 Within Reach?  | Coingape

Amid the recent correction phase in the crypto market, the ADA price showed a price downfall for nearly a month and plunged to local support of $0.35. However, the daily chart shows the aforementioned support is also aligned with the lower trendline of the channel pattern. This pattern has carried a recovery rally in the The post Cardano Price need this Resistance Breakout to Trigger a New Recovery Rally; Is $0.5 Within Reach?  appeared first on CoinGape.

President Biden announces nominations for key positions at Federal Reserve

Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency. United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair.In a May 12 notice from the White House, President Biden said he would put forward Fed governor Philip Jefferson’s name to become the next vice

Ripple Legal Chief: It’s Not A Crypto Problem For SEC’s Gary Gensler | Coingape

Crypto Market News: Despite the heavy criticism faced by the U.S. Securities and Exchange Commission (SEC) time and again for mishandling the enforcement on the crypto market, the agency’s Chair Gary Gensler continues to be at the center of the problem. In this context, Stuart Alderoty, Ripple’s Chief Legal Officer, feels that it’s not really The post Ripple Legal Chief: It’s Not A Crypto Problem For SEC’s Gary Gensler appeared first on CoinGape.