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Share this article MicroStrategy has announced the development of a decentralized identity solution on the Bitcoin blockchain. The protocol, called MicroStrategy Orange, employs a Bitcoin Inscription DID methodology similar to the Ordinals methodology and uses unspent transaction outputs (UTXOs) for control to manage decentralized identifiers (DIDs). Michael Saylor, the company's co-founder and executive chairman, announced the innovation at the Bitcoin For Corporations conference on May 1st.The Bitcoin Inscription DID method (did:btc) uses the Bitcoin blockchain only to store and retrieve DID information. UTXOs on the chain are used to control the DID. This increases scalability and redundancy when creating DID…

Next article Bitcoin market capitalization is currently $1.131 trillion What's the story? Bitcoin is trading at $57,439.01, down 4.54% in the past 24 hours. Compared to the previous week, it was down 10.69%. Ethereum, the second most popular token, is trading at $2,926.47, down 2.59% since yesterday. It was down 7.14% from the previous week. The market capitalizations of Bitcoin and Ethereum currently stand at $1.131 trillion and $357.74 billion, respectively. What are the prices of other popular cryptocurrencies right now? BNB is trading at $549.22, 3.94% lower than yesterday and 9.35% lower than last week. XRP current price is…

Today, the highest cryptocurrency prices continued to fall as Bitcoin (BTC) prices plummeted to the $57,000 level. Additionally, Ethereum (ETH) price set itself up for a fall below $2,900, losing hold at a key level. However, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) rallied significantly and ignored the turn to the bearish side.Today's major virtual currency prices1. Bitcoin priceBitcoin price fell by 4.43% As of this writing Thursday, May 2nd, it has reached $57,419.91. Meanwhile, trading volume surged 30.72% in the past 24 hours to $49.54 billion. Meanwhile, the market capitalization of cryptocurrencies decreased to $1.13…

Funds • May 2, 2024, 1:00 AM EDT issued 1 minute ago upon U.S. Spot Bitcoin exchange-traded funds recorded total net outflows of $563.7 million on Wednesday, according to SosoValue data. This is the largest daily net outflow since its debut.Fidelity's FBTC experienced the largest net outflow of any ETF, with more than $191 million leaving the fund. This exceeded the $167.3 million net outflow recorded by Grayscale's GBTC, SosoValue. data Indicated. Ark Invest's ARKB recorded net outflows of $98.1 million for the day, making it the third-largest net outflow of the day, followed by BlackRock IBIT's $36.9 million and…

Ethereum price began to fall again, trading below $2,920. ETH could gain bearish momentum if the closing price falls below the $2,800 support zone. Ethereum remained in the bearish zone and traded below the $2,900 zone. The price is trading below the 100-hour simple moving average at $2,950. The hourly chart of ETH/USD (data feed via Kraken) has a connecting bearish trend line forming resistance at $3,050. The pair could continue to fall below the $3,050 resistance. Ethereum price widens losses Ethereum price, similar to Bitcoin, remained in a bearish zone below the $3,120 level. ETH traded below the $3,000…

On April 30, Robinhood, a popular trading platform among millennials, announced that its Crypto Connect feature is now available on the Uniswap mobile application. It added that eligible Robinhood customers will earn $10 in USD Coin (USDC) stablecoin rewards when they purchase the same amount of cryptocurrency using Robinhood Connect as a payment method in their Uniswap wallet. US customers only Robinhood Connect is a feature launched in April 2023 that allows users to deposit funds from their Robinhood cryptocurrency account to their Web3 wallet without leaving their dapps. However, this is only available to customers in the US, so…

Co-founder and CEO of Real Vision; Raul Pal shed light on the current market situation and future prospects of Bitcoin, the world's largest cryptocurrency.Despite cryptocurrencies witness the decline Financial experts have discovered an important pattern that indicates a possible bullish flag after Bitcoin's price correction. Cryptocurrency expert announces Bitcoin “banana zone” rally In a post on X (formerly Twitter) published on Tuesday, April 28, Pal said: share Annual chart showing Bitcoin price changes from October 2023 to April 2024. At the time of writing this article, Bitcoin price is trading below $60,000According to CoinMarketCap, it hit $59,185, down 15.12% for…

Disclaimer: This article is a sponsored press release and does not constitute editorial content on Finbold. Crypto assets and crypto products involve significant risks. Do not invest unless you are prepared to lose your entire investment. Please see our full disclaimer. In the rapidly evolving crypto market, the introduction of Franklin Templeton's EZET Ethereum ETF and Chainlink's price volatility presents a variety of opportunities and challenges. Amidst these developments, BlockDAG stands out for having raised his $22 million in a pre-sale, strengthened by its strategic vesting plan and his $100 million liquidity pledge. Introducing Ethereum ETF The EZET Ethereum ETF,…

If the Bitcoin price rises above $59,200, it would suggest that BTC has already bottomed and establish an upward trend to the north. Ethereum price remains above $2,900, maintaining a bullish reversal pattern despite losing momentum. Ripple price moves higher as XRP bulls defend $0.5000 Bitcoin (BTC) price dipped below $60,000 on Wednesday as the market tried to get ahead of the Federal Open Market Committee (FOMC). The Fed argued at its mid-April meeting that last quarter's inflation data created new uncertainty about whether it could cut interest rates later this year. This led the market to expect interest rates…

Bitcoin’s transformative impact will ripple across Asia as Hong Kong emerges as a crypto hub. Six spot Bitcoin and Ether exchange traded funds (ETFs) debuted on the Hong Kong Stock Exchange today. This milestone not only marks Asia's first foray into spot crypto ETFs, but also solidifies Hong Kong's position in the digital asset space. Managed by reputable companies such as China Asset Management, Harvest Global, Vocera, and Hashkey, these ETFs offer investors a unique opportunity to delve into the world of cryptocurrencies through traditional investment channels. Masu. Spotlighting Bitcoin and Ethereum, two of the most prominent cryptocurrencies, these ETFs…