Software firm and newly branded “Bitcoin development company” MicroStrategy has announced another proposed private sale to buy up even more Bitcoin. In a Wednesday announcement, the company said it plans to offer $500 million worth of convertible senior notes to institutional buyers, due in 2031, in order for the firm to buy additional cryptocurrency. The company last week said it…
Sizable chunks of tokens tied to crypto games or gaming platforms could come onto the market in the coming weeks. Nearly $250 million worth of gaming tokens are set to be unlocked by the end of March, per data aggregated by Token Unlocks. Crypto projects often lock away sizable portions of their token supplies years in advance, which means that…
The Dencun Ethereum upgrade went live on Wednesday. After Dencun launched, the price of ETH slumped 3.2% from $4,076 to $3,949, according to CoinGecko data. It has largely recovered since, however, peeking back above $4,000 at time of writing. Each upgrade is intended to improve the Ethereum blockchain, including lowering fees and improving transaction speed—which leads to greater value in…
Solana’s meme coin of the moment, Dogwifhat, has raised almost $700,000 to get its furry, beanie-topped namesake plastered on the largest screen in the world. On Saturday, the campaign “Sphere Wif Hat” debuted online, intent on raising enough funds to plaster an image of Dogwifhat onto the face of Sphere, the massive LED-screen covered entertainment arena in Las Vegas. Today,…
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. Persistent Inflation Pressures Fed, Leaving […] Source: https://news.bitcoin.com/financial-markets-tense-as-inflation-rise-suggests-us-central-bank-may-keep-rates-steady/
Payments company Block today dropped its self-custodial Bitcoin wallet, Bitkey. The rock-like, hexagon-shaped crypto wallet is now being shipped to customers who preordered the product last year. Bitkey allows users to store Bitcoin and have control of their private keys, unlike online crypto wallets controlled by a third party. The wallet is also integrated with American crypto exchange Coinbase and…
Bitcoin to the moon? Some crypto data experts certainly think so. The price of Bitcoin is currently at $72,880, data from CoinGecko shows. Earlier on Wednesday, it hit another new all-time high price of over $73,600 per coin, continuing a recent string of upward surges. The new heights are down to the continued success of the spot BTC exchange-traded funds…
The European Parliament on Wednesday overwhelmingly approved a landmark law to regulate artificial intelligence. Billed as the world’s most comprehensive AI rules, the Artificial Intelligence Act will take effect later this year. The AI Act is intended to protect fundamental rights, democracy, the rule of law, and environmental sustainability from high-risk AI, the European Parliament said in its official announcement.…
Ronin, a gaming-centric Ethereum scaling network, continued its recent ascent early Wednesday, setting a new all-time high price to beat its previous record from 2022. The RON token spiked to $4.45 early Monday, though it has since cooled slightly to $4.31 as of this writing, per data from CoinGecko. It’s still up 12% on the day, and the latest surge…
The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. […] Source: https://news.bitcoin.com/ethereums-dencun-upgrade-goes-live-promises-lower-fees-and-enhanced-scalability/
