US

Republican presidential candidate Donald Trump has said that he wants all remaining Bitcoin to be mined in the US, adding that such a move would help the country become energy-dominant. During his meeting with several Bitcoin miners, Trump stated that Bitcoin mining could be the “last line of defense” against a CBDC (Central Bank Digital Currency). Trump Throws Weight Behind Bitcoin Mining The cryptocurrency industry is increasingly trying to woo US politicians as it continues to face scrutiny from regulators…

BNB hit an all-time high of $725 amid founder CZ’s prison sentence.  Zhao’s net worth reached $38.5 billion, making him the richest person to serve time in a US federal prison. Binance Coin (BNB), the native token of Binance, the world’s largest cryptocurrency exchange, reached an all-time high of $725 recently. This milestone coincides with the first week of the exchange’s founder, Changpeng Zhao (CZ), serving a four-month prison sentence in the United States. Despite Zhao’s legal issues, BNB’s market…

The post MetaMask Launches Pooled ETH Staking, Except For US UK appeared first on Coinpedia Fintech News MetaMask has launched its pooled staking service, which allows users to stake any amount of ETH and earn rewards for contributing to the network’s security. MetaMask’s move is supported by Consensys Staking. The company revealed that it has zero slashed validators and a 99.9% validator participation rate. Currently, the service is available to a small group of users, while a broader launch can…

The post Binance Ex-CEO Changpeng Zhao Becomes Richest US Inmate After BNB Price Surge appeared first on Coinpedia Fintech News The Binance (BNB) ecosystem has continued to grow against all odds fueled by heightened regulatory scrutiny in major jurisdictions led by the United States. After re-entering the Indian market following improved regulatory reforms, the Binance cryptocurrency exchange announced that it has reached 200 million globally registered users. Consequently, the Binance ecosystem continues to stamp its web3 dominance, more so outside…

The post Bitcoin vs Gold: Anthony Scaramucci Says ‘Digital Gold’ Can Become $500,000 Asset Despite Only Five Percent Adoption in Us appeared first on Coinpedia Fintech News In a recent statement, Anthony Scaramucci, Founder of Skybridge Capital,  suggested that if Bitcoin continues to scale and adopt at the same pace as the past decade, its value could reach great heights. He projected that Bitcoin could become a three, four, or even $500,000 asset. To put this into perspective, he compared…

The post Bitcoin Drops as US Adds 272K Jobs, Unemployment Hits 4% appeared first on Coinpedia Fintech News The US employment data revealed that the country added 272,000 jobs in May, exceeding market expectations. However, the unemployment rate rose to 4%, surpassing the anticipated 3.9%, indicating mixed economic signals. Additionally, US hourly wages increased by 0.4% in May. The market will now closely watch next week’s key inflation data, including the US CPI and PPI. The latest report by the…

The US nonfarm payroll figures were released earlier on Friday, showing that 272,000 new jobs were created in May. The market was taken aback by these figures and Bitcoin fell around 1.8%. Surprising employment data When the US agencies responsible for economic data publish their figures it is surprising that the market reacts at all these days. Figures that have buoyed the market by how unexpectedly good they are, are subsequently revised in the opposite direction some weeks later without…

Just yesterday, the US spot Bitcoin ETFs recorded the second highest inflow since its inception, with a whopping sum of over $887 million. This marks the largest inflow since the 12th of March 2024. Amid this remarkable feat, analysts predict the best cryptos to buy and this includes KangaMoon and Ethereum as these top crypto coins are expected to rally soon. KangaMoon Is One Of The Best Cryptos To Buy With a record 10,000 token holders in the ongoing presale,…

The recent US jobs report has significantly impacted the cryptocurrency market, wiping out over $500 million in Bitcoin open interest. This drastic market movement comes after mixed signals from the latest employment data. US Jobs Report Slashes Bitcoin Open Interest The US Bureau of Labor Statistics reported that May saw an increase in hiring by 272,000 in the establishment survey. However, the household survey indicated a drop in employment and a rise in unemployment, which climbed to 4.0% — the…