Ordinals inscriptions approach 4.8M, nearly doubling in just over a week
The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in just eight days.
Posts published on May 8, 2023 go to media archive 1/4
Ron Paul States Federal Reserve’s ‘Decade of Near 0% Rates’ Caused Today’s Financial Crisis
Former House Representative Ron Paul has presented his stance when it comes to the financial crisis that the U.S. is currently facing. Paul stated that the continued application of quantitative easing (QE), a policy used to increase the money…
‘Unjustly enriched’ — Core Scientific knocks back $4.7M claim from Celsius
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.
Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
‘War on crypto’ — Newly filed letters lambast proposed SEC custody rules
Industry representatives have cast doubt on the legality and impact of the United States securities regulator’s proposal to expand custody rules.
XRP Price Prediction: Ripple Plunges to $0.42: Can Bulls Save the Day?
Ripple is gaining bearish momentum below $0.45 against the US Dollar. XRP price is at risk of more losses if it breaks the $0.40 support. Ripple started a fresh decline from the $0.470 zone against the US dollar. The price is now trading below…
Concern over banking crisis reaches levels unseen since 2008 — Poll
According to a recent poll from Gallup, nearly half of Americans polled expressed concern about the safety of their money deposited with banks.
Bank of America: Threats to US Dollar’s Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan
Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even…
Ethereum Price Takes a Bit Hit: Main Reasons $1,720 or $1,650 Are Likely Targets
Ethereum price started a fresh decline below the $1,850 level against the US Dollar. ETH is at risk of a drop toward the $1,650 support zone in the near term. Ethereum is moving lower below the $1,880 support zone. The price is trading below $1,860…
FTX's Sam Bankman-Fried Moves to Dismiss Most Criminal Charges Against Him
FTX founder Sam Bankman-Fried filed pretrial motions to dismiss a majority of the charges he faces on various grounds late Monday.
Bitcoin Bears Gains Strength – Is This Renewed Downtrend or Just Correction
Bitcoin price is moving lower below $28,000. BTC is approaching the $27,000 support, below which there is a risk of an extended decline to $25,500. Bitcoin is moving lower and trading below the $28,200 pivot level. The price is trading below…
FTX founder Sam Bankman-Fried urges court to dismiss charges
Lawyers representing Sam Bankman-Fried want all but three charges against him dismissed in a filing on May 8.
Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’
Canada’s central bank asks citizens what they want in a digital dollar
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one.
Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade.
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
ALSO: A crypto market analyst calls bitcoin's travails of the past two days "growing pains," and says the largest crypto by market cap "will be fine in the long run."
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has…
Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning
The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.
Is Bitcoin Crashing Because Of A “Successful” DDOS Attack?
Recent reports suggest that Bitcoin is under a Distributed Denial-of-Service (DDoS) attack, forcing prices lower and transaction fees higher. The attack, observers note, is orchestrated through spam inscriptions that are clogging up the network…
Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.
Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months
Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months. “If we win the lawsuit…
Bittrex Inc. Bitcoin And Crypto Exchange Files For Chapter 11 Bankruptcy
Bittrex, a bitcoin and cryptocurrency exchange platform founded in 2014, has filed for bankruptcy in the state of Delaware. The decision comes after the company previously announced that it would be ceasing all operations in the U.S. effective…
Bitcoin Bull Run In Jeopardy As Parabolic SAR Flips Bearish On Daily Chart
Bitcoin (BTC), the world’s largest cryptocurrency, is facing a potential correction as it loses support at a critical level and trades at $27,300. Technical analysis shows that the Parabolic SAR has flipped bearish on the daily chart…
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission.
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI and sDAI.
Paxful restarts marketplace operations for the first time since April
Amid the suspended service, Ray Youssef said he had made his "final act" as CEO after helping unfreeze 88% of certain users’ accounts.
Canto Blockchain Set for Vote on Reduction in Liquidity Incentives, Block Rewards
If passed, the mining incentives for each liquidity pool on Canto will be reduced on average by roughly 38%, and data-block rewards known as "security emissions" would decrease by 15%.
Discovering The Next PEPE And SHIB: Whales To Keep Track Of
Missing out on crypto that becomes the next big thing in crypto can hurt. To avoid this, popular on-chain analyst LookOnChain has sorted out prominent whales to keep an eye on and ease the task of catching the next PEPE. According to the analyst…