Bitcoin L2s set to explode as Runes congest BTC network
High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. Go to Source
Month: May 2024
Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% … Read more
Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist
Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores … Read more
Tether nets record $4.52 billion profit in Q1 2024 — majority from Bitcoin and gold
The majority, or $3.52 billion of the profit, stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits. Go to Source
Losses from crypto hacks plunge 67% in April to $60 million
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April. Go to Source
Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets
PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight … Read more
Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices
Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange’s balance sheet. Balance Sheet Discrepancies About 50 users of the Russian … Read more
Chainlink to join Rapid Addition in building blockchain adapter for institutions
Chainlink Labs’ Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration. Go to Source
Extradition papers ready for Binance’s Anjarwalla, says INTERPOL Africa
The Interpol official did not confirm that Anjarwalla is currently held in Kenya but noted that the fleeing crypto executive was last seen in the country. Go to Source
The reasons Bitcoin price is down 11% since the halving
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving. Go to Source