Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot – Altcoins Bitcoin News

The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch, leaving users without control of their funds for this period. Avalanche Web Wallet Stalls After Avalaunch Airdrop The Avalanche Web Web Wallet, the official wallet for the AVAX cryptocurrency, experienced an outage yesterday that left customers without control of their tokens for six…

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding rate significant drop. However, despite Bitcoin’s recent underperformance and today’s 6.5% drop, pro traders have been buying the dip for the past 24 hours. These whales and arbitrage desk movements are reflected in the OKEx…

Bitcoin Miners Moving Away from China, F2Pool Observes

For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive and scarce mining gear. Mining equipment is mainly produced in China. Bitmain, the largest chipset manufacturer of the Antminer brand, dominates. However, as the Bitcoin price rips through resistance levels, recently racing to as high as…

Indicator Signals Caution For Bitcoin Holders, Bulls Beware?

After a few days below the mid-range in the $50,000 zone, Bitcoin has retraced. At the time of writing, BTC trades at $54,137 with sideways movement in the 1-hour chart, approaching correction levels in the 24-hour chart. Certain indicators point to more depreciation, at least, in the short term. BTC with moderate losses in the daily chart. Source: BTCUSD Tradingview The crypto market appears to be negatively reacting to statements from the U.S. Secretary of Treasury, Janet Yellen. The top 10 cryptocurrencies by market cap are in the red except…

JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC – Bitcoin News

China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, Ant Group, and Tencent have been bolstering the venture. China’s Digital Yuan Is Seemingly Near Completion, JD.com Employees Paid in e-CNY China’s central bank digital currency (CBDC) that’s being crafted by the People’s Bank of…

Coinbase Selected by Sotheby’s to Facilitate Crypto Payment at Contemporary Art Evening Auction

Coinbase is estimated to facilitate payments of up to 8-figures on Sotheby’s website during the auction period. Coinbase Global Inc (NASDAQ: COIN) announced that it was selected to facilitate payments by Sotheby’s during the Contemporary Art Evening Auction. Notably, according to Sanchan Saxena, Vice President Ecosystem, Coinbase Commerce will enable the firm to accept Bitcoin and Ethereum for Banksy’s Love is in the Air image. In another step bringing the utility of cryptocurrency mainstream, @Sothebys announced their collaboration with Coinbase Commerce to allow bitcoin and ethereum as payment for the…

CryptoPunks Owner Debuts New NFT Project Dubbed Meebits

Larva Labs is looking to build a marketplace where owners of Meebits can easily trade their assets with one another, mimicking the market being designed to support CryptoPunks. The brain behind the iconic CryptoPunks Non-Fungible Token (NFT) project, Larva Labs are pushing forth a new game-changing innovation Dubbed Meebits. As detailed in a blog post published by Larva Labs on Monday, the team noted that Meebits is a graduation from the 2D 8-bit-pixelated characters CryptoPunks were made of and are notably a 3D based Avatars. “Writing a generator of voxel…

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Gnosis, Balancer and PancakeSwap breakout as Bitcoin looks for direction

Ether (ETH) continued its stellar run and crossed the $3,500 barrier today. Dogecoin (DOGE) also joined in on the party as its price soared above $0.61 earlier today as Gemini exchanged added support for the coin following a similar step by eToro.  Traders may be buying DOGE with the expectation that Elon Musk will shill the token during his upcoming appearance as the host of Saturday Night Live. While the rise of DOGE is tempting, traders should be careful with their bets because barring the jawboning by some popular individuals,…