Cryptocurrency news

• Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion

  04-05-2023 23:52
  
  BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.
  
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• Montana governor signs pro-cryptocurrency mining bill into law

  04-05-2023 23:40 via cointelegraph.com
  
  The legislation included revisions to laws aimed at prohibiting discriminatory electrical rates for mining firms, and not allowing taxation for crypto used as a method of payment.
  
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• Wrapping Up Consensus 2023

  04-05-2023 23:39
  
  Missed Consensus 2023? Catch up on some of the most important conversations here.
  
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• New White House standards strategy could have implications for crypto industry KYC

  04-05-2023 23:30 via cointelegraph.com
  
  The Biden administration has released a strategy document focusing on standard setting for “critical and emerging” technologies such as blockchain and digital ID.
  
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• Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High

  04-05-2023 23:30
  
  The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.
  
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• Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains

  04-05-2023 23:00
  
  The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.
  
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• By The Numbers: How Much You Have To Invest To Become A Memecoin Millionaire

  04-05-2023 23:00 via newsbtc.com
  
  The total market capitalization for the memecoin sector reached $19 billion in the past weeks; the launch of PEPE, WOJAK, and others have attracted new participants to the market. As a result, these assets have experienced a massive surge in value and trading volume.
  Over the last 24 hours, memecoin PEPE saw a 53% profit while WOJAK, AIDOGE, have experienced rallies of over 20%. Over the past week, PEPE alone saw a 629% profit while WOJAK recorded a 972% profit increasing the euphoria around the
  
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• Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago

  04-05-2023 22:56
  
  For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
  
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• Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4

  04-05-2023 22:50
  
  The crypto exchange reported first quarter results after the close on Thursday.
  
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• Montana governor signs pro-cryptocurrency mining bill into law - Cointelegraph

  04-05-2023 22:40
  Montana governor signs pro-cryptocurrency mining bill into law  Cointelegraph
  
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• Coinbase Shares Rise as Q1 Revenue Grows 23% From Q4 to $773M

  04-05-2023 22:19
  
  The crypto exchange reported first quarter results after the close on Thursday.
  
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• Bitcoin Mega Whales Are Moving Opposite To Rest Of Market: Glassnode

  04-05-2023 22:00 via newsbtc.com
  
  On-chain data from Glassnode shows the largest Bitcoin whales have been showing the opposite behavior to what other investors have been doing.
  Bitcoin Market Is Observing A Moderate Distribution Phase Currently
  According to data from the on-chain analytics firm Glassnode, the behavior of the largest BTC whales has once again deviated from the rest of the market. The relevant indicator here is the “Trend Accumulation Score,” which tells us whether Bitcoin investors are buying or selli
  
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• FTX bankruptcy judge approves sale of LedgerX

  04-05-2023 21:30 via cointelegraph.com
  
  The judge said he read all the papers and declarations related to the FTX debtors' motion for the sale of LedgerX and was “satisfied” with the proceedings.
  
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• US Regional Bank Failures Trigger Bitcoin Surge, $30,000 Level In Sight

  04-05-2023 21:00 via newsbtc.com
  
  Bitcoin (BTC) is on the verge of reaching the $30,000 milestone, but regional banks in the United States face significant anxiety and fear. Investors are concerned about the potential for contagion following the recent struggles of PacWest, a California-based lender.
  The bank’s shares have plummeted by as much as 60% overnight, causing it to reassure investors and confirm that it is in talks with potential partners and investors about a deal, as reported by The Telegraph.
  Despite insisting
  
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• Microsoft axes Bing wait list, giving users free access to GPT-4

  04-05-2023 21:00 via cointelegraph.com
  
  Bing is set to receive several much-requested AI-powered features that could put it in competition with OpenAI’s ChatGPT Plus subscription service.
  
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• The Reactionary Political Theater of CBDC Bans

  04-05-2023 20:38
  
  The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
  
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• There’s a simple formula for adding crypto to your portfolio

  04-05-2023 20:03 via cointelegraph.com
  
  What's the impact of swapping equities for cryptocurrency? Here's a formula that may help you answer that question.
  
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• Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows

  04-05-2023 20:03
  
  Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
  
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• SUI Gets A Bear Introduction On Day 2, Will Sell Pressure Continue?

  04-05-2023 20:00 via newsbtc.com
  
  Yesterday marked a new dawn in the crypto industry as the SUI Layer 1 blockchain launched on Mainnet with its hyped native token SUI. The news of the token launch on major exchanges brought excitement to the crypto community, and SUI did not disappoint as its native token rallied massively, recording over 2,000% in the first hour of listing.
  The layer 1 blockchain token was seen to hit the $2.16 mark at the time of its launch and listing on exchanges before it retraced due to selloffs.
  However,
  
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• Arbitrum’s Chronos reaches $217M TVL with staking, becomes 8th largest DEX

  04-05-2023 20:00 via cointelegraph.com
  
  Chronos set a new TVL milestone just seven days after its launch on the Arbitrum blockchain as DEXs draw traders amid regulatory uncertainty in the United States.
  
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• Judge Upholds Freeze on SpartacusDAO's $35M in Lawsuit Served Via Discord, NFT

  04-05-2023 19:58
  
  Activist investors are suing the leader of SpartacusDAO. He hasn't shown up in court after ignoring multiple attempts to serve him.
  
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• U.S. Banking Crisis Validates Cryptocurrency Ecosystem - TOKENPOST

  04-05-2023 19:15
  
  U.S. Banking Crisis Validates Cryptocurrency Ecosystem  TOKENPOST
  
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• Polkadot (DOT) Under Sell Pressure As Bears Retaliate

  04-05-2023 19:00 via newsbtc.com
  
  Over the last week, Polkadot (DOT) has had trouble gaining traction, falling by 8.41% from April 30 to May 4. However, the price is trading sideways and there might be a modest recovery next week as investors take advantage of this dip to acquire more DOT.
  According to CoinMarketCap, Polkadot ranks #11 among all cryptocurrencies with a current market price of $5.75. Polkadot’s 24-hour trading volume is up by 29.40% in 24 hours, while its market cap has also gained 1.57% within the same tim
  
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• North Carolina House passes bill banning CBDC payments to the state

  04-05-2023 19:00 via cointelegraph.com
  
  The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot.
  
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• Where Do They Accept Cryptocurrency Payments in Europe - Bitrates

  04-05-2023 18:16
  
  Where Do They Accept Cryptocurrency Payments in Europe  Bitrates
  
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• How does quantum computing impact the finance industry?

  04-05-2023 18:15 via cointelegraph.com
  
  Quantum computing could revolutionize finance by solving complex problems quickly, improving risk management and enhancing cybersecurity measures.
  
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• Examining global successes and challenges in regulating crypto: Report

  04-05-2023 18:14 via cointelegraph.com
  
  Crypto regulation remains controversial, with different governments taking different approaches, but growing adoption will likely lead to more clarity.
  
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• Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup StarkNet

  04-05-2023 18:09
  
  The blockchain is the first with native account abstraction that the web3 developer platform offers, allowing developers to build applications with Alchemy’s infrastructure on StarkNet.
  
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• Coinbase And Ripple CLOs Meet, Will XRP Listing Follow?

  04-05-2023 18:00 via newsbtc.com
  
  A new tweet by Coinbase Chief Legal Officer (CLO) Paul Grewal has sparked interest and speculations in the crypto community. The CLO expressed his appreciation to Ripple’s General Counsel, Stuart Alderoty, for their meeting, stating they needed to meet more often.In response, Stuart Alderoty thanked him for chatting with their legal team. After the tweet, two top lawyers in the community supported the strategic meeting, and some others called on Coinbase to relist XRP on its marketplace.&n
  
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• Hamilton Lane Offers Polygon-Based Tokenized Access to a Second Fund

  04-05-2023 17:59
  
  Access to the Senior Credit Opportunities Fund is available through a feeder fund from Securitize.
  
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• Unlock the Benefits of Cryptocurrency: Discover What Bonuses You ... - Bitrates

  04-05-2023 17:46
  
  Unlock the Benefits of Cryptocurrency: Discover What Bonuses You ...  Bitrates
  
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• Alibaba Cloud Builds Metaverse Launchpad on Avalanche

  04-05-2023 17:41
  
  Named Cloudverse, the launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces.
  
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• Supposed AI-Based Crypto Token Using Elon Musk's Image Targeted by Texas Securities Board

  04-05-2023 17:37
  
  Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.
  
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• ‘WallStreetBets’ Themed Tokens Plummet 90% as Insider Dumps Treasury Holdings

  04-05-2023 17:32
  
  WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse.
  
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• Is Dogecoin Dead? Analyzing the Future of the Popular Meme ... - CryptoGlobe

  04-05-2023 17:27
  
  Is Dogecoin Dead? Analyzing the Future of the Popular Meme ...  CryptoGlobe
  
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• The Legacy of Mt. Gox: Why Bitcoin’s Greatest Hack Still Matters

  04-05-2023 17:23
  
  The fall of the Japanese exchange in 2014 saw 750,000 bitcoin go missing, putting crypto’s future in doubt. The event reverberates to this day.
  
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• CoinDesk Turns 10: What We Learned From Reporting a Decade of Crypto History

  04-05-2023 17:16
  
  Our month-long series looking back at 10 years of CoinDesk features a lot of failures. But, in most cases, what seemed like disasters at the time have actually allowed the industry to grow, says CoinDesk’s Chief Content Officer Michael Casey.
  
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• Bitcoin drops with stocks as analyst warns of banking crisis 'endgame'

  04-05-2023 17:09 via cointelegraph.com
  
  Nerves become apparent across risk assets as U.S. regional banks add to already significant losses.
  
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• From Bitcoin to Boarding Passes: The Impact of Cryptocurrency on ... - FinanceFeeds

  04-05-2023 17:07
  
  From Bitcoin to Boarding Passes: The Impact of Cryptocurrency on ...  FinanceFeeds
  
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• Haywood seeks to 'get ahead' of cryptocurrency mining - Smoky Mountain News

  04-05-2023 17:05
  
  Haywood seeks to 'get ahead' of cryptocurrency mining  Smoky Mountain News
  
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• Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue

  04-05-2023 17:01
  
  The U.S. has no plans to issue a digital dollar. So why are so many politicians coming out against the idea?
  
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• Nigeria’s Federal Executive Council Approves Blockchain Policy

  04-05-2023 17:00 via newsbtc.com
  
  The Nigerian government has just approved a blockchain policy that will facilitate the development of a regulatory framework for the technology. The approval occurred in a May 3 Federal Executive Council meeting. 
  Blockchain Adoption Could Impact The Economy Positively
  Notably, the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim, had presented a memo about the regulatory framework earlier. 
  While announcing the approval, the FMCDE cited a PricewaterhouseC
  
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• Cryptocurrency The Graph Rises More Than 3% In 24 hours - Benzinga

  04-05-2023 17:00
  Cryptocurrency The Graph Rises More Than 3% In 24 hours  Benzinga
  
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• Cryptocurrency Fantom Up More Than 4% In 24 hours - Benzinga

  04-05-2023 17:00
  
  Cryptocurrency Fantom Up More Than 4% In 24 hours  Benzinga
  
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• Cardano (ADA) Price Plunges As Bears Try To Over

  04-05-2023 17:00 via newsbtc.com
  
  Cardano (ADA) is trading below yesterday’s closing price as it exhibits price volatility. This price drop comes despite the fact that its trading volume increased by over 26% in the last 24 hours. 
  ADA has now lost its earlier gains in the past week, dropping from $0.4028 on April 29, 2023, to $0.3974 on April 30. Currently, it is trading in the $0.3926 range. Its past price behavior suggests it will likely recover from the bearish trend.
  Fortunately, Cardano retains most of its gains
  
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• 9 tips to help crypto companies choose and succeed with a banking partner

  04-05-2023 17:00 via cointelegraph.com
  
  Before reaching out to a potential banking partner, it’s wise to know both what they can offer and what they’ll expect.
  
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• President Biden proposes a 30% tax on cryptocurrency energy - PCWorld

  04-05-2023 16:35
  
  President Biden proposes a 30% tax on cryptocurrency energy  PCWorld
  
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• Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary

  04-05-2023 16:33
  
  The machines will be installed in two tranches, one by mid-May and the second by mid-June.
  
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• Coinbase Ventures Backs $10M ZkLink Raise Ahead of Mainnet Launch

  04-05-2023 16:27
  
  ZkLink offers a zero-knowledge rollup-backed decentralized trading infrastructure that makes it easier to trade between chains.
  
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• The Nemesis Unveils NEMS Token: Driving Gaming’s Next Frontier

  04-05-2023 16:24 via crypto-news.net
  
    NEMS token is coming soon and will allow players to cash out and earn real money through a special Play-and-Earn model. The Nemesis, a Metaverse company with a unique hybrid model that seamlessly unites Web2 and Web3, first in the Top 20 Web3 Virtual Worlds by Metaversed, is excited to announce the launch of the […]
  The post The Nemesis Unveils NEMS Token: Driving Gaming’s Next Frontier appeared first on Crypto-News.net.
  
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