Primordial NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day
The seller even got help from Bitcoin founder Satoshi Nakamoto, though it's still up in the air whether the artist actually made the "sale."
Posts published on May 14, 2023 go to media archive 1/2
Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches…
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
Trader Has Over $10 Million Of PEPE And LADYS, But Can’t Sell
As PEPE prices recover after a 76% slump from May 2023 peaks, a trader holding over $10 million worth of Pepe Coin (PEPE) and Milady Meme Coin (LADYS) meme tokens can, reportedly, not sell as both projects have blacklisted his addresses. Striking…
OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding: Report
“Existing and new investors” will contribute to the $100 million, according to someone familiar with the situation.
China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping
Bitcoin Price Restarts Increase But This Resistance Is The Key
Bitcoin price is recovering higher above the $27,000 resistance. BTC must clear the $27,800 resistance to start a decent increase in the near term. Bitcoin tested the $26,000 support zone and is currently recovering higher. The price is trading…
Jack Butcher Expands Checks NFTs Ecosystem With Physical Print-Backed 'Elements' Collection
The artists' new NFT collection, featuring the signature Checks grid, explores the four classical elements of earth, fire, water and air.
First Mover Asia: Bitcoin Regains $27K Amid Encouraging Macro, Technical Signs
ALSO: The stablecoin supply ratio has dropped 11% over the past 11 days, suggesting that buying power for stablecoins is increasing, writes CoinDesk analyst Glenn Williams.
Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
Convicted buyers have bought up cheap Bitcoin as prices fell over the course of last year.
SEC revises $22M punishment against LBRY, seeks $111K instead
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount.
Harvard Economics Professor: US Default Could Spark Global Financial Crisis
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very…
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is…
NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales
Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless…
Biden Appoints New Fed Vice Chair as Fedwatch Tool Shows Slim Chance of Rate Hike at June Meeting
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points…
Bitcoin price hits $27.2K, but new analysis warns more losses 'likely'
Bitcoin may be up 7.5% since Friday, but BTC price action is not giving everyone cause for positivity.
Bitcoin’s recovery may trigger buying in these 4 altcoins
While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise.
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today…
Ethereum Developers Resolve Beacon Chain Finality Issues
Ethereum developers have taken measures to address the finality issues that occurred on the Beacon chain in the past week. On May 11 and May 12, the Beacon chain, the consensus layer of the Ethereum network, was unable to reach finality on two…
KAVA Soars 31% This Week With Anticipation Of Mainnet Upgrade
KAVA, the utility token of decentralized blockchain Kava, has been on a strong bullish trend in the last few days. The cryptocurrency maintained this momentum despite the bearish market sentiment in the past week, garnering an impressive 31% price…
Bitcoin SV Tallies 10% Gains On Weekly Chart, Nears $40 Mark
While the global crypto market capitalization has plunged in the past week, with most coins trading in the red, Bitcoin SV (BSV) bucked the bears. BSV has scored 10% price gains on the weekly chart. The coin gained 2.47% on the last day, showing a…
Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication.
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower transaction fees, Robert Miller, the vice president of growth at Fuse, a layer 1, EVM-compatible…
To Reach Women, Bitcoiners Should Change Their Approach
This is an opinion editorial by Tali Lindberg, co-founder of Free Market Kids, a company focused on financial literacy and Bitcoin education.Author’s note: This is a politically-incorrect article because I’m about to make gross generalizations…
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to…
Coinbase Engages Legal And Political Aids In Battling SEC
The largest crypto exchange in the US, Coinbase, has made a notable move regarding the allegation from the US Securities and Exchange Commission on securities law violation. Coinbase engaged a Global Advisory Council for the battle with the SEC…
Ripple CTO Labels BEN Coin As Scam, Bitboy Reacts
Ripple’s Chief Technology Officer (CTO), David Schwartz, responded to a tweet from a crypto enthusiast, calling the BEN Coin project a 100% rug pull. Schwartz asked the poster why he believed such but still stated his reservations about the…
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border…
Can memecoins be used as real currency?
Memecoins can be used as a form of currency, although their acceptance and stability may vary.