The TOKEN2049 conference in Dubai saw numerous builders, traders, investors, and curious TradFi folks in attendance. What’s more, many renowned and wealthy locals were there, eager to learn about and invest in crypto. Cryptonews was there for the second day as well, talking to industry insiders about decentralized AI, DePIN, RWAs, and incoming regulations....

Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.  However, despite this impressive performance, Riot Platforms fell short of analyst revenue estimates. Riot Platforms released Q1 results on May 1, revealing that...

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released on May 1. The Financial Conduct Authority (FCA) said it conducted risk assessments across various sectors and identified retail banking, wholesale banking, wealth management, and...

Bitcoin Price Prediction During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious, bearish outlook for the cryptocurrency. This price prediction hinges on key resistance and support levels that could dictate Bitcoin price prediction....

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.  On May 1, BlackRock’s Bitcoin fund saw $36.9 million flow out, according to data from Farside Investors.  In addition, nine other Bitcoin ETFs collectively...

Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June. To establish itself as a crypto hub, Hong Kong implemented a new regulatory framework for crypto exchanges last year. This required all exchanges operating...