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12:40 ▪ 3 Minimum read time ▪ up to Fenelon L. After several days of correction, Bitcoin price rebounded above $63,000 this Friday. Short sellers paid the price, with over $26 million worth of short positions liquidated in just four hours. Are we witnessing the beginning of a new bullish cycle? Bitcoin crosses $63,000 level again After a mixed April that saw it drop below $60,000, Bitcoin appears poised to start May on the right foot. In fact, the queen of cryptocurrencies recorded a 4.5% gain in 24 hours, reaching a peak of $63,107 on Saturday morning. This bullish move…
With the Securities and Exchange Commission (SEC) on the verge of deciding the fate of certain Ethereum (ETH) transactions, Ripple CEO Brad Garlinghouse has intervened in the fray, offering support for Ethereum's status as a non-security. expressed. In a recent interview with Michael Arrington, Garlinghouse shares his perspective and injects fresh energy into the ongoing debate. Here's what he had to say: Ethereum discussion In a fascinating exchange with Michael Arrington, Ripple CEO Brad Garlinghouse is committed to Ethereum being classified as a non-security. He was unreserved in criticizing the SEC's inclusion of both Ethereum and Ripple's XRP in securities…
12:01 ▪ 3 Minimum read time ▪ up to Micaiah A. In the turbulent world of cryptocurrencies, wallet security has become the biggest challenge. Ethereum icon Vitalik Buterin and Reservoir founder Peter Watts shed light on these digital realms with their valuable advice. Security Tips for Cryptocurrency Holders by Vitalik Buterin Vitalik Buterin, the man behind Ethereum (ETH), highlights the benefits of multi-signature wallets over hardware wallets. Recent posts on Twitter. To protect digital assets, Buterin emphasizes the importance of multisig crypto wallets. He revealed that he uses this method for over 90% of his assets. In this system, control…
Vladislav Sopov Experienced cryptocurrency entrepreneur Kane Warwick analyzes the concept of “points” in early-stage crypto protocols and acknowledges the crucial role of meta-narratives at this stage. Read U.TODAY google news A prominent blockchain entrepreneur and investor shares his thoughts on capital formation incentives in crypto, the natural competition between VCs and retail investors, evergreen metrics for seed round participants, and tough times in early stage funding. I am summarizing.Kane Warwick admits teams are constrained by dominant metaIn 2024, even the most successful Web 3.0 teams looking for new funding will be constrained by the current meta if they want to…
BitMEX co-founder Arthur Hayes says crypto assets are likely to benefit from U.S. monetary policy in the future. In a new essay, Hayes says the U.S. Treasury Department and Federal Reserve are engaged in a “stealth money printing policy.” According to the BitMEX co-founder, “the slow addition of billions of dollars of liquidity each month dampens negative price movements” in crypto assets. “While we do not expect cryptocurrencies to fully realize the inflationary trend of recent US financial announcements any time soon, we do expect prices to bottom out, be devalued, and begin to rise slowly.” Hayes says the recent…
11:12 ▪ 3 Minimum read time ▪ up to Evans S. Ethereum stands out for its surprisingly bold move in the cryptocurrency space, burning $12.7 billion worth of ETH. Far from a simple supply reduction, this strategic move reveals a deep vision and commitment to the stability and longevity of cryptocurrencies. Ethereum and its Declining Cryptocurrency Supply The ETH burn, which followed Ethereum's major upgrade before Sennichimae, includes the abandonment of a portion of transaction fees. In this process, miners are no longer paid fees, but rather removed from circulation, causing a noticeable deflationary effect. Approximately 4.3 million ETH have…
Investing in a Bitcoin miner can be lucrative, but there are things you should know before adding it to your portfolio. As history has shown, in a bull market, Bitcoin (BTC 0.75%) Miners almost always outperform the cryptocurrency itself. However, over the past few months, Bitcoin miners have been hit particularly hard, despite their traditional role, as investors have poured into spot Bitcoin ETFs as a way to get Bitcoin exposure through the stock market. To make matters worse, Bitcoin recently underwent its fourth halving, cutting the block rewards paid to miners in half, effectively reducing their main source of…
Source: eamesBot / Shutterstock Since its inception, the cryptocurrency market has periodically experienced a series of ups and downs that are far more dramatic than the regular stock market. The main reason for this relative instability is that most cryptocurrencies, despite enthusiastic support from early adopters in computer science, have no real-world, purpose, or value beyond the niche use for which they were designed. The fact is that it lacks. So, beyond the traditional scams that exist in today's cryptocurrency world, there are some coins that looked like good investments on paper at the time. These coins may have once…
Ripple CEO Brad Garlinghouse has made a bold statement as the company continues its legal battle with the US Securities and Exchange Commission (SEC). In his latest statement, Ripple's CEO not only endorsed XRP, but also extended his support to Ethereum (ETH) as the token vs. securities debate intensifies. Additionally, he slammed the SEC and Chairman Gary Gensler.Ripple CEO backs XRP and EthereumGarlinghouse made scathing remarks about the SEC during a fireside chat with Michael Arrington, founder of Arlington Capital. According to a post on X by FOX journalist Eleanor Terret, Ripple's CEO said the SEC was “just wrong.” Additionally,…
Bitcoin's recent performance has been marked by significant volatility, with the cryptocurrency's test support level at $56,500. This test of support sparked discussion about the likelihood of Bitcoin reaching the $70,000 target price. An important event that affected Bitcoin market dynamics was the recent Bitcoin halving that took place on May 20th. This is the third halving for Bitcoin, with miners' rewards decreasing from 6.25 BTC to 3.125 BTC. This adjustment has an immediate impact on the supply and demand dynamics within the Bitcoin market, as it affects the rate at which new Bitcoins are put into circulation.Market sentiment and…