Investments in the first quarter were influenced by innovation in areas like restaking, modularity, Bitcoin layer-2 solutions, and macroeconomic factors. Source: https://cointelegraph.com/news/venture-capital-2-4-billion-crypto-startups-q1-2024
Month: May 2024
Bitcoin’s Rally to $62,000 Triggers $26.65 Million Short Squeeze in 4 Hours
After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day. […] Source: https://news.bitcoin.com/bitcoins-rally-to-62000-triggers-26-65-million-short-squeeze-in-4-hours/
How to determine crypto cost basis for accurate tax filings
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards. Source: https://cointelegraph.com/news/determine-crypto-cost-basis-for-accurate-tax-filings
Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
Bitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows. Source: https://cointelegraph.com/news/bitcoin-price-springs-62k-us-jobs-data-boosts-rate-cut-bets
Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut
Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets […] Source: https://news.bitcoin.com/friend-techs-friend-token-airdrop-faces-steep-decline-since-market-debut/
Bitcoin Price Leaps Over $61k Following US Unemployment Data
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin leaped over $61,000 in the hour that followed the release of a government employment report. At time of publication, the price of Bitcoin is around…
Bitcoin Billionaire Arthur Hayes Predicts Market Bottom Is In, ‘Slow Grind Higher’
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports When the Bitcoin price tanks, traders tend to take cover and look for signs that the market has reached bottom and will reverse its trajectory. To…
Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto
On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon. Record-Setting 841,886 Bitcoin Block Mined, Outpacing Previous Milestone Marathon has […] Source: https://news.bitcoin.com/marathon-sets-new-record-by-mining-bitcoins-largest-block-showcasing-the-logos-manifesto/
The Week in Polkadot: JAM Pushes Toward ‘Original Concept’ of World Computer: Gavin Wood
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem. Gavin Wood gives deep dive on JAM upgrade Polkadot…
USDC overtakes USDT: Compliance is key to stablecoin dominance
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market. Source: https://cointelegraph.com/news/usdc-usdt-stablecoin-dominance