Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in upcoming sessions. Current Market Conditions…
Inflation accelerated again in May after slowing down in April, which could have a negative impact on cryptocurrency markets already reeling from the Federal Reserve’s tighter monetary policy. The Consumer Price Index (CPI) rose 8.6% in the 12 months through May, which is the largest 12-month increase since December of 1981, the Bureau of Labor Statistics (BLS) reported Friday. The…
A version of this article was originally published on sethforprivacy.com. Ragnar Lifthrasir asked for a list of Bitcoin proposals and ideas to improve privacy that either are still a work in progress, were abandoned or never implemented, or failed to make an impact, and so here is my attempt at just that. This will by no means be an exhaustive…
sponsored Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular BTM operator has continued to rapidly expand in 2022. This year, Bitcoin of America made several updates and improvements…
Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy. Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto assets under management to deploy, a spokesperson for Huobi confirmed. These funds have been earmarked for “identifying and…
With DeFi scams, exploits and collapses becoming more and more common within the digital asset space, the need for comprehensive regulation that protects consumers has never been more important. While the space has often fought against oversight from any sort of centralized body, the popularity of modern-day digital assets and the plethora of applications that have been built using blockchain…
Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc., announced Friday that it is building a new decentralized web: Web5. Web5 is based on the assumption that Web3, the idea of building a decentralized web with blockchain technology and cryptocurrencies, has the right intentions but is using the wrong tools. Web5 leverages Bitcoin, the decentralized monetary network, and…
The Optimism airdrop has been a comedy of errors, but it now has a somewhat happy ending. The hacker who stole 20 million Optimism (OP) tokens last week has returned 17 million of them. The tokens were meant to be used as governance for the company’s new DAO, the Optimism Collective DAO. A DAO, or decentralized autonomous organization, grants voting…
The below is a free, full excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Lightning Network Update “The Lightning Network will allow anyone — individuals, SMEs, institutions, etc. — to send domestic or…
Tl;dr: A quick update about a key priority market from the International team. As we prepare to launch in Brazil, we have hired a Country Director, are building out an engineering team, and have engaged with regulators, financial institutions, and startup founders. By Nana Murugesan,VP Business Development and International & Fabio Plein, Country Director for Brazil At Coinbase, our goal…
