Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $27,587 | Bitcoin price broke through the $28,000 mark yesterday, however has found itself back in the $27,000 range to begin Monday. | Top-20 altcoins have seen small gains over the last 24 hours, as Ether rises 2%, BNB gains over 1% and Solana is one of few exceptions with a 1% loss. | Top Stories for May 29, 2022 🔥 | | The Chinese capital city of Beijing has released a white paper called the "Web3 Innovation and Development White Paper (2023)" to promote the growth of the web3 industry. | The paper emphasizes that web3 technology is a crucial aspect of future Internet industry development. The release took place at the Zhongguancun Forum, organized by the Beijing Municipal Science & Technology Commission. | The timing of the white paper's release is notable, as Hong Kong's new crypto regulations are scheduled to take effect on June 1. These regulations allow retail investors to engage in crypto trading and introduce a licensing regime for crypto platforms. | | Genesis Global Capital and Gemini have requested the dismissal of a lawsuit filed by the US Securities and Exchange Commission (SEC) against Gemini's "Earn" program. | The SEC's lawsuit, filed in January, accused the yield-bearing product of selling unregistered securities and alleged that both companies raised billions of dollars from hundreds of thousands of investors. | Gemini argued in court filings on Friday that it did not require lending or borrowing and that there was no way for a lender to transfer or assign without the consent of all parties. Co-founder Tyler Winklevoss criticized the lawsuit, calling it a "manufactured parking ticket." | | Former BitMEX CEO Arthur Hayes predicts significant volatility for Bitcoin in the second half of this year due to the United States banking crisis and increasing national debt. | Hayes believes these factors could lead to a decline in equities and cryptocurrency prices, however expects Bitcoin to reach $70,000 in 2024. | While some analysts express positive sentiments about Bitcoin's short-term prospects, Hayes emphasizes the potential volatility in both upward and downward movements. | | Today on Milk Road: This week’s biggest movers,Pudgy Penguins launch toys, Nike releases Our Force 1, and Checks go to Christie’s. | |
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