The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023. These are the key takeaways from the first quarterly Crypto Industry Report published by CoinGecko on April 18. BTC emerged as the best-performing asset of Q1 2023, with gains of 72.4%,…
Bitcoin is the original cryptocurrency, introduced in 2009 to provide individuals and institutions with an alternative to cash payments and an investment opportunity for those looking to avoid the banking system in the wake of the 2008 global financial collapse. While adoption was slow in the early years, its popularity has boomed in the last seven years. In March 2015,…
Learning tech via YouTube channels can be a great way to supplement traditional learning methods, as it provides a more interactive and engaging experience. Many YouTube channels dedicated to tech provide in-depth tutorials and explanations of complex concepts in a way that is easy to understand, making it accessible to learners of all skill levels. Additionally, YouTube channels often provide…
The bear market grind has not deterred a $60 million raise from a Bitcoin-only company. Unchained, a financial services provider for Bitcoin (BTC) holders, has announced a $60 million Series B funding round led by Valor Equity Partners. NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners also participated. Unchained Capital provides a more secure way to hold fees…
An unidentified exploit has taken more than $10.5 million in nonfungible tokens (NFTs) and coins from experienced community members who were “reasonably secure” in a wallet-draining operation since December 2022. MetaMask developer Taylor Monahan brought the issue to light and said that since December, more than 5,000 Ether (ETH) had been stolen. However, the developer also noted that the extent…
Web3 gaming project Gala Games will airdrop GALA v2 tokens to all GALA holders on May 15, the team announced in a blog post. An automatic 1:1 conversion for all users has been arranged, with support for the GALA v1 token being immediately dropped. No action is required from users holding GALA in their Ethereum wallet(s). The team has advised…
Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the day’s Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin erases intraday losses Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as the pair suddenly added $500, delivering daily gains of more than 3%. The pair had previously worried traders, who watched as $30,000 support…
Ethereum’s Ether (ETH) token has entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC). On April 18, the widely-tracked ETH/BTC pair reached 0.0709 BTC, up about 15% from its local bottom of 0.0602 BTC six days ago. Now, the pair eyes a run-up toward 0.075 BTC by June, based on the fractal setup previously…
The world’s largest cryptocurrency exchange by trading volume, Binance is disabling multiple old deposit addresses as part of its infrastructure upgrade. In an announcement on April 18, Binance said it would retire selected deposit addresses and memos in batches on multiple blockchains, including Ethereum (ETH), Tron (TRX), BNB and Stellar (XLM). The crypto exchange said that the retirement of old…
Ethereum moved back above $2,100 on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. Chinese GDP rose by 4.5% during the first quarter of the year, higher than the 4% expected. Bitcoin rebounded from earlier losses. Bitcoin Bitcoin (BTC) rebounded from a one-week low on Tuesday, as markets reacted to the latest gross domestic…
