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Cryptocurrency markets were trading well on Friday, with the crypto tycoon soaring well above the $60,000 mark. what happened: At the time of writing, major cryptocurrencies are trading high.Prices as of 4pm ET:cryptocurrencyGain +/-priceBitcoin +4.5%$61,753.69 Ethereum +2.8%$3,069.03 Solana +2.8%$141.64 dogecoin +5.6%$0.1401Shiba Inu +4.4%$0.00002398Notable statistics:46,494 traders were liquidated in the last 24 hours, bringing the total amount of crypto liquidations to $139.22 million, of which $97.4 million was liquidated in the last 12 hours.Total foreign exchange inflows surged to $1.8 billion from $1.59 billion the previous day, while total foreign exchange outflows decreased to $1.27 billion from $1.44 billion in the…
After a week of downward trend, Bitcoin (Cryptocurrency: BTC), Ethereum (Cryptocurrency: ETH)and dogecoin (Code:Doge) It soared in Friday morning trading.As of 3pm ET, Bitcoin was up 4.1% compared to yesterday's stock market close, Ethereum was up 2.6%, and Dogecoin was up 5.6%. And they all operated on the same information.Unemployment data and cryptocurrenciesThe moment the US Department of Labor released the April 2024 employment statistics, the value of cryptocurrencies soared. The United States added 175,000 jobs last month, and the unemployment rate rose slightly to 3.9%.Economists had predicted 235,000 new jobs and an unemployment rate of 3.8%.Markets often react only…
{beacon} welcome to tech fridaynew joint project, the hill and Pluribus News Covers technology policy across government. Sign up here to receive The Hill's newsletter. Would you like to receive this newsletter? Please let us know. Arkansas House targets cryptocurrency miners Cryptominers, take note: The Arkansas House of Representatives has given final passage to a pair of bills aimed at increasing state and local control over crypto mining, a fast-growing and energy-intensive industry. I gave it. The two bills would require digital asset mining operations to implement noise abatement strategies and remove the prohibition on local governments from enacting noise…
CoinDesk’s Jennifer Sanasie interviewed MoonPay co-founder and CEO Ivan Soto-Wright for CoinDesk TV’s “First Mover” on May 3, to discuss MoonPay’s recent partnership with PayPal. Here is the full transcript of the interview.Jennifer Sanasie: MoonPay users can now buy crypto via PayPal (PYPL). The new partnership means that users in the US can seamlessly purchase crypto with PayPal through wallet transfers, bank transfers and debit card transactions. Now the cryptocurrency buying app is the first company to do this with PayPal. CEO and co founder Ivan Soto Wright says that the partnership will help the company reach more customers. So…
Bitcoin price returned above $60,000 on Friday, altcoin, some recorded double-digit movements within 24 hours. The price drop earlier this week exposed the vulnerability and uncertainty of cryptocurrencies when purchasing assets. Investors need to know how to address these and how to do so to ensure they build long-term value.As you may already know, narrowing it down to the most viable ones; Virtual currency to buy Incorporating a portfolio is not an easy task. It can be a tedious task for experienced investors and borderline an uphill battle for novice investors.Some of the tokens you should consider including in your…
Activity on Jupiter, Solana’s largest DEX, exceeds numbers on Ethereum-based Uniswap ETH volume continues to be higher than SOL, but JUP and UNI sentiment is different Jupiter, a decentralized exchange built on the Solana blockchain, has overtaken Uniswap as the DEX with the highest number of unique active wallets (UAWs). AMBCrypto noticed this by looking at data from his DappRadar. At the time of writing, UAW on the Jupiter exchange was over 205,000. Uniswap built on Ethereum [ETH]it was less than 170,000. How did that happen? UAW measures crypto wallet addresses that interact with a network or application. If a…
Bitcoin giant Michael Saylor has said that some crypto altcoins such as Ethereum and Ripple will not gain institutional acceptance in this decade. MicroStrategy Executive Chairman Michael Saylor told attendees at the annual Bitcoin (BTC) corporate event that Wall Street regulators consider “everything in the stack” to be unregistered crypto securities. He said he was there. “When the Bitcoin spot ETF was approved in January, we saw the writing on the wall. By the end of May we would know that Ethereum would not be approved, and if Ethereum was not approved this summer, It will become clear to everyone…
Following hints that MicroStrategy would be entering Bitcoin software development when the Ordinals craze started last summer, the company this week announced MicroStrategy Orange, a decentralized identity (DID) platform. This vast concept has applications in fighting social media bots and spam, authenticating documents, protecting medical records, and more. When Orange's draft specifications were published on GitHub, they received mixed reactions from Crypto Twitter. One reason for this is the technical complexity of the plan. Here's a basic primer on the proposed digital identity system and how it ties in with Bitcoin. What is MicroStrategy Orange? MicroStrategy Orange is a Bitcoin-based…
Following today's release of the US labor market report, the price of Bitcoin has solidified above $60,000. The rise in Bitcoin (BTC) came on the heels of the release of the US jobs report, which changed the Federal Reserve's (Fed) key interest rate cut forecast from November to September. According to data from CoinMarketCap, Bitcoin rose more than 4% after the release of the statistics and continues to grow towards $62,000. Source: CoinMarketCap CryptoQuant CEO Ki Young Ju said that Bitcoin whales have accumulated 47,000 BTC in anticipation of the Fed report. Macroeconomic data has led to revised expectations for…
The reality for crypto today is the user experience is not where it needs to be. Um And so that’s where we’re very committed to our mission of making crypto more like your experience with your fintech. Then, you know, I think traditional crypto companies that you know, when I started, there wasn’t even graphical user interfaces for some of these wallets like you had to use your terminal. It’s gotten markedly better and I think the experiences will continue to improve Moon Pay. Users can now buy crypto via paypal. The new partnership means that users in the US…