Jack Dorsey’s nano Bitcoin mining chip heads to prototype
Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring “open source” Bitcoin mining rig design to market.
Posts published on April 30, 2023 go to media archive 1/2
SOL Price Prediction: Solana Drops But It’s Too Early to Say Bulls Have Given Up
Solana started a downside correction from $24 against the US Dollar. SOL price might start a fresh increase if it stays above the $21.50 support. SOL price is correcting lower from the $24 resistance against the US Dollar. The price is now trading…
April’s crypto scams, exploits and hacks lead to $103M lost — CertiK
The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.
SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO
The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token.
Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios
According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says
Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing…
Ethereum Price Indicators Show Vulnerability to Bigger Correction
Ethereum price started a fresh decline from the $1,940 resistance against the US Dollar. ETH retested $1,825 and is showing a few bearish signs. Ethereum struggled to settle above the $1,925 and $1,940 resistance levels. The price is trading below…
Bitcoin Price Rejects $30K But This Variable Can Trigger A Fresh Increase
Bitcoin price attempted an upside break above the $30,000 resistance. BTC failed and corrected lower toward the $28,400 support zone. Bitcoin is struggling to gain pace above the $29,400 and $29,500 resistance levels. The price is trading below…
Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey
A survey from the Financial Industry Regulatory Authority (FINRA) suggests that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors.
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called…
2 reasons why Bitcoin Ordinals are ‘positive’ for the BTC: Grayscale
Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there’s two main reasons to be optimistic.
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert…
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty.
Russian Official Expects Agreement on BRICS Currency This Year
The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its…
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization…
NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023
Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data reveals that the sales figure stood at $732.13 million in April, which is $44.75 million lower than the $776.88…
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
If Bitcoin price breaks above $30,000, several altcoins such as SOL, ATOM, ICP and HBAR are well-positioned for a rally of their own.
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them…
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.
Ethereum’s Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade
Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was…
Satoshi’s Last Emails: ‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, and More — Week in Review
The Fall Of Bitcoin In The Central African Republic: Why This Legal Tender Experiment Failed
Just a year after making bitcoin legal tender, the Central African Republic (CAR) abandoned its plans to revitalize its country. Why? This is an opinion editorial by Jonathan Buck, founder of JB & GS Mining GmbH, a German bitcoin mining hosting…
Casper Notches 14% Rally In The Weekly Charts – Will CSPR Soar Higher?
In the last week, the crypto market has been on an upswing, with most assets recording little amount of market gains. However, CSPR, the native token of the Casper Network, is one of the biggest gainers, surging by 13.9% over the last seven days. …
Radix (XRD) Gains 14% In The Past Week, Continues Impressive Form
XRD, the native token of the Radix network, looks set to end the month in great form, having recorded an impressive 14.2% price surge in the past week. According to data from CoinGecko, the cryptocurrency is the 46th-largest token, with a current…
‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
Bitcoin approaches the end of April having barely moved, with BTC’s price offering little short-term clues on the trajectory.
Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May
The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.”…
YouTube helps recover hacked channel that attempted XRP crypto scams
YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers.
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
Render Delivers With 40% Gain As RNDR Dominates Sunday Charts
Among the top gainers on Sunday, CoinMarketCap shows that Render (RNDR) has achieved a 41% growth over the past week. The crypto actually dominated the roster of the day’s leading coins. Render (RNDR) has been among the top performing crypto…