Posts published on May 22, 2023 go to media archive 2/4
Litecoin Surpasses $90, But This Level Remains Crucial For The Altcoin
Despite the prevailing selling pressure in the cryptocurrency market, Litecoin has emerged as a standout performer. While the past 24 hours have not witnessed significant movement in the LTC price, the weekly chart reveals an appreciation of nearly…
Bitcoin Developer Introduces Ark, A Layer 2 Protocol For Fast And Efficient Payments
A Bitcoin developer by the name of Burak recently unveiled Ark, a Layer 2 protocol designed to enable fast and secure transactions. According to a post on the Bitcoin dev mailing list, Ark offers an alternative scaling approach that allows users to…
Dash blockchain down for hours after hard fork fail, devs to try upgrade again June 14
The v19 hard fork didn’t go as planned for the privacy coin, but a fix has been released; v18 had experienced a few kinks, too.
OpenAI warns superhuman AI may arrive within a decade: ‘We have to get it right’
OpenAI leadership weighed the pros and cons of trying to stop the development of superhuman AI and decided it was in humanity’s best interest to forge ahead.
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets.
Bitcoin Spurs 5th Consecutive Week of Outflows at Crypto Investment Funds: CoinShares
The outflows totalled $32 million last week, pushing total during the streak to $232 million.
Ethereum (ETH) Beacon Chain Shatters Records With $7.7 Billion Inflows
Ethereum’s (ETH) Beacon Chain has seen significant inflows since staking withdrawals were enabled on April 12th, with over $7.7 billion worth of Ethereum deposited into the contract. This is despite some initial predictions of a flood of…
Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day
As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC…
Rising BTC transaction fees are a good thing, Bitcoin educator shares
Dan Held, the chief marketing officer at Trust Machines, believes that rising Bitcoin transaction fees may encourage users to look at other layer-2 solutions.
Bitcoin price consolidation at $27,000 sparks speculation of imminent BTC breakout
BTC’s price could be on the verge of a bullish breakout, according to derivatives data, but ultimately the macroeconomic scenario will dictate the trend.
Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.
South Korea to vote on bill requiring crypto asset disclosure for lawmakers
A recent political scandal has prompted the proposal of legislation intended to ensure South Korean officials report all digital asset holdings above roughly $760.
2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility
Bitcoin fails to respond even to a market-moving fake news event about an explosion at the Pentagon.
Philippines SEC says Gemini Derivatives is unregistered securities product
Gemini Derivatives is available on the exchange’s new Foundation platform, but those selling or promoting it in the Philippines face fines and long imprisonment.
Why the Biggest Emerging Markets Are Turning to Crypto
Many large countries around the world, including Pakistan and Nigeria, suffer currency turmoil. And, despite official efforts to curb crypto activity, there are signs their citizens are turning to crypto assets as a hedge, says Noelle Acheson.
Dash Blockchain Halts, Binance Pool Suspends Mining Rewards
The oldest privacy coin halted after a failed hard fork, the blockchain reportedly split in two
Gold Prices Poised to Skyrocket as Expert Predicts Fourfold Increase in Demand
Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket. In an interview…
Web3 Infrastructure Company Upstream Launches ‘Learn and Earn’ DAO Course
To enroll, students must mint a “DAOphin” NFT by Process Grey, the artist behind the popular Goblintown collection.
Neutronpay And Pouch.ph Partner To Offer Affordable Remittances For Canada And Vietnam Using Lightning
Neutronpay, a digital payment platform based in Canada, has partnered with Pouch.ph to offer fast and affordable remittance services for Filipinos living in Canada and Vietnam. According to a press release sent to Bitcoin Magazine, the partnership…
Effortless Crypto Earning: How GoMining is Changing the Game
GoMining, a prominent bitcoin mining venture with six years of industry expertise, is commemorating its second anniversary with a significant rebranding. The venture, which oversees substantial bitcoin mining rigs across nine data centers in…
Price analysis 5/22: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC
Bitcoin’s tight-range trading suggests that traders are content to wait for a catalyst to start the next trending move.
Korean crypto executives allegedly profited $2.3M from coin listing scandal
Projects were allegedly swayed into signing contracts with dubious market makers as consideration for listing on crypto exchange Coinone.
Seeking Grants Deal with Osmosis, Privacy Blockchain Namada Proposes Airdrop
Ahead of its mainnet launch Namada’s builders are trying to ink an array of tech and token partnerships.
Sen. Warren’s Bill Signals Crypto Is Headed for a Clash With National Security Interests
The misguided Digital Asset Money Laundering Act sponsored by Senators Elizabeth Warren and Roger Marshall may be dead on arrival, but the crypto community should not ignore the conflict it represents between crypto and law enforcement, writes…
Biggest Movers: TRON Nears 1-Year High, Whilst ADA Snaps 4-Day Bear Run
Tron rose for a fourth consecutive session on Monday, pushing the token to an eleven-month high. The move comes despite current sentiment of uncertainty in the cryptocurrency market. Cardano was also higher, snapping a losing streak in the process…
TON Foundation launches $25M accelerator program
The accelerator will invest between $50,000 to $250,000 per project that builds on TON and has an MVP.
Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls
The 13th anniversary of the first bitcoin transaction has taken a nefarious turn with meme coin issuers profiting over $200,000 from pizza-related rug pulls.