Ethena Labs has just announced the launch of its governance token, $ENA, and the expansion of its yield-earning stablecoin, synthetic dollar token USDe. The upcoming debut has garnered considerable attention, including praise from Arthur Hayes, the former CEO of BitMEX, among other crypto enthusiasts. But it has a complex backstory. Ethena says it will use this new token to be…
Bitcoin plunged by $5,000 within a span of 24 hours as interest rates surged, marking a turbulent start to April for cryptocurrencies and related stocks, especially mining stocks. The flagship cryptocurrency, Bitcoin, experienced a more than 6% decline on Tuesday, dropping to $65,150.00, resulting in a two-day loss of around 7%, according to Coin Metrics. This decline followed a trading…
Xbox developer Microsoft is testing an artificial intelligence tool that can help resolve customers’ support issues, serving as a virtual tech support agent. First reported by The Verge on Tuesday, Microsoft is tapping generative AI to respond to user prompts, testing an internal prototype of an animated character that uses voice or text to parse support topics and provide answers.…
Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base L2, creating a security risk for the network. Polygon CEO Criticizes […] Source: https://news.bitcoin.com/polygon-ceo-l3s-might-represent-a-threat-to-ethereums-security/
With the Bitcoin halving less than three weeks away, speculation continues unabated over what will happen to the price of Bitcoin once block rewards for miners are cut in half. While some firms have shared glowing projections of potential price surges, crypto exchange Coinbase is urging caution to investors. “As you read the fine print or Safe Harbor language on…
BNB Chain, the Binance-created blockchain network, is attempting to become a more relevant player in crypto’s ongoing meme coin frenzy—by enticing developers with cash prizes. On Tuesday, BNB Chain announced a “Meme Innovation Battle” initiative, which will split a pool of up to $1 million in rewards among developers who create meme coins on the network that reach certain (massive)…
The feds are moving their Bitcoin stash again. Blockchain data shows that on Tuesday morning, a wallet tagged as belonging to the United States Department of Justice started moving some of the $2 billion worth of held BTC to an address believed to be crypto exchange Coinbase. Pseudonymous blockchain analyst ZachXBT said on Twitter/X that the funds were moved to a…
Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin Emoji Gains Momentum In a push for digital culture recognition, Nexo, alongside more than 35 cryptocurrency organizations, has launched a campaign aimed at securing a […] Source: https://news.bitcoin.com/crypto-organizations-rally-for-bitcoin-emoji-seek-50000-signatures-to-convince-unicode/
Viral Telegram-based clicker game Notcoin ended its “mining phase” on Monday, as planned, with the simple coin-tapping gameplay ending for the time being ahead of the expected token launch and airdrop. Now there’s a target date for the token rollout—and it’s one you might’ve seen lately if you’re following the latest Bitcoin happenings. Notcoin plans to launch its NOT token…
On April 2, 2024, the U.S. government executed a transaction involving nearly $2 billion in bitcoin (BTC), channeling the assets to Coinbase Prime, as Arkham Intelligence’s data reveals. The transfer comprised 30,174.70 BTC, successfully processed at block height 837,413, incurring a minimal fee of $1.57. In recent years, the U.S. has accumulated a noteworthy collection […] Source: https://news.bitcoin.com/us-government-transfers-nearly-2b-in-bitcoin-to-coinbase-arkham-data-reveals/
