The Genesis Block

UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction https://news.bitcoin.com/ubs-raises-gold-price-forecast-amid-rising-central-bank-demand-and-geopolitical-tensions/

The Central Bank of Nigeria has increased the capital requirements for national bureau de change operators from approximately $24,000 to $1.4 million. The central bank has given operators a six-month period to comply and they must apply for new licenses. The bank’s director for risk management stated that street trading of foreign exchange is now https://news.bitcoin.com/nigeria-increases-capital-requirements-for-currency-dealers-nearly-sixtyfold-to-1-4-million/

Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo https://news.bitcoin.com/xapo-ceo-seamus-rocca-describes-xapos-proposition-talks-us-regulation-emerging-markets-and-stablecoins/

Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. https://cryptoslate.com/spot-eth-etfs-could-see-25-of-the-demand-of-btc-counterpart-bloomberg-analysts/

Top 5 Daily Gainers & Losers ✈️@CryptoWorldNews🌐

Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit ASIC mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners https://news.bitcoin.com/shifting-sands-of-bitcoin-mining-how-hydro-cooling-tech-is-leading-the-charge-post-halving/

As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission SEC, recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase https://news.bitcoin.com/coinbase-seeks-immediate-appellate-review-in-sec-lawsuit-citing-recent-legislation/

Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider VASP license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 self-hosted https://news.bitcoin.com/okx-ceases-crypto-trading-services-in-hong-kong-users-advised-to-withdraw-assets/

Azuro has upgraded its Polygon and Gnosis Chain subgraphs to the Graph Protocol's Decentralized Network. https://x.com/azuroprotocol/status/1793984976918106225

PRESS RELEASE. Date: 27th May 2024 Time: 17:00 UTC Location: Online Bitcoin BuildCon’s main objective is to help builders onboard in the current landscape of BTC development, providing them with insights from key players in the industry. How to get into the new wave of Bitcoin projects, where to deploy, and how to get funded https://news.bitcoin.com/join-bitcoin-buildcon-online-conference-dont-miss-out-on-shaping-the-future-of-bitcoin/