Posts published on April 6, 2023 go to media archive 2/4
Woes For Bitcoin And Ethereum As Price Weakens, Which Direction Will Prevail?
The two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, are slowing down after weeks of trending to the upside. The market seems on the verge of a major move as prices consolidate and move sideways, but what can operate as…
North Carolina County’s Push To Halt Bitcoin Mining Another Blow To Industry Rattled By Regulation
Buncombe County's plan to halt bitcoin mining for a year would be the latest setback for an industry facing regulatory pressures.Buncombe County commissioners are pushing forward with a plan to impose a one-year pause on Bitcoin and cryptocurrency…
Euler team denies on-chain sleuth was a suspect in hack case
The investigator claimed to be targeted as a suspect because they maintained a crypto security repo on GitHub.
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to…
Trader Joe joins top 5 DEX list as Liquidity Book model thrives on Arbitrum
JOE token surges as Trader Joe’s Liquidity Book model climbs into the top 5 DEX list.
What will be the outcome of the Ethereum Shanghai upgrade?
Join us as we discuss the potential outcomes of the upcoming Ethereum Shanghai upgrade and other important developments in DeFi.
Chainlink Presents Potential Buy Opportunities Despite Moving Sideways
Over the past few days, the Chainlink price gained momentum. At the time of writing, however, it encountered selling pressure. The coin lost 0.7% of its value in the last 24 hours, indicating consolidation on the chart and erasing most of its gains…
US state regulators announce $10M settlement with Robinhood ‘for failing investors’
The investigation looked into complaints of Robinhood’s system outages that caused users to miss out on trades while many of its services were unavailable.
White House hopeful RFK Jr. says instant payments may lead to ‘financial slavery’
President John F. Kennedy's nephew also worries that the government will seize the public’s Bitcoin.
$1.12B in Bitcoin options expire this week, and bulls appear to be at a disadvantage
Commodities rallied as the U.S. Treasury struggled with the banking crisis, but Bitcoin bulls also overplayed their hand in this week’s options expiry.
Matt Odell And The Mission To Advance Freedom Tech At Bitcoin 2023
As a host focused wholly on promoting freedom advocates and their technical tools, Matt Odell is integral to Bitcoin 2023.As a champion for the Bitcoin Conference’s recurring open-source contributor ticket program and its dedication to featuring…
XRP Bullish Streak Comes To A Halt With 8% Dip
XRP, the digital currency associated with Ripple, started off strong on Wednesday with a promising gain of nearly 2%, holding steady above the safe $0.50 mark. However, early Thursday morning, XRP tumbled to $0.49 levels, signaling a choppy and…
Ethereum's Shanghai Upgrade Will Help Layer 2 Networks, Crypto Investor Says
Max Williams, chief operating officer at Runa Digital Assets, says secondary blockchains are “already trending well” and the upgrade will spur more activity.
Magic Eden Announces Ordinals Launchpad For Bitcoin Inscription Collections
The new Launchpad will provide those looking to inscribe directly onto Bitcoin an easy way to build their collection.Magic Eden, an NFT platform, has announced the opening of a Launchpad to inscribe collections using the Ordinals protocol on…
Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies
The change improves support for exchanges and may bring faster development, Avalanche says.
Uniswap Topped Coinbase’s Trading Volume in March During USDC Depeg, U.S. Crackdown
The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted.
Germany plans to issue electronic shares on blockchain, boost startups
Under the Future Finance Act, the German government is pushing for more welcoming regulations for startups working with financial innovation.
Ethereum Shapella Upgrade Expected To Boost Liquid Staking Protocols
In decentralized finance (DeFi), Ethereum (ETH) liquid staking has become a significant market valued at over $15 billion. This market is set to see a significant boost with the upcoming Shapella upgrade, which is expected to unlock the entire…
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s
Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally.
Aragon and Polygon Labs collaborate to boost DAO accessibility
The collaboration is set to allow users to build decentralized autonomous organizations quickly and securely, for less than 50 cents, with no coding required.
LUNC: Unveiling The Terra Classic NFTs That Could Spark A Price Resurgence
Terra Classic is a community-run revival of the Terra Luna ecosystem that collapsed in a spectacular fashion in 2022. Since then, LUNC, the ecosystem’s native token, has been subjected to burns to reduce the supply and drive the price upwards…
Bank Term Funding Program: A Primer On The Fed’s Shiny New Tool
The debate around whether or not this policy is a form of quantitative easing misses the point: Liquidity is the name of the game for global financial markets. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin…
Ripple's Effect on Financial Advisors
Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities.
Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad
After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.
Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore
The platform, now in public beta, allows groups of people to share non-fungible tokens (NFT) for expanded access and utility.
Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble
The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins.
Biggest Movers: DOGE Extends Declines on Thursday, Falling by Nearly 9%
Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering…
North Korea and criminals are using DeFi services for money laundering — US Treasury
Despite the warnings on DeFi, the Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem.