El Salvador President Nayib Bukele had a busy Wednesday evening on Twitter, first responding to a report that Binance was called in to to salvage his country’s Bitcoin bond sale, and also showing his displeasure with legislation making its way through the U.S. Senate. Original
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Bruce Fenton says he wants to tear down regulatory obstacles for the crypto industry at the federal level. Source
Bitcoin has broken $43,000 in a remarkable recovery journey that began at the start of the week. It has been a welcome change to the low momentum recorded in the market this past week. However, although the digital asset is doing well currently, there are still a lot of things that could pull it back down. One of the most prominent is the ability of the cryptocurrency to continue blasting through important resistance points. The Points To Beat Bitcoin remains the most valuable asset in the crypto space currently. This…
Royal will sell the collection of 2,110 Diplo LDA tokens on March 29. The token’s three tiers correspond to different percentages of ownership, with the cheapest, $99 token giving its owner 0.004% of the song’s streaming royalties and the most expensive, $9,999 tier giving 0.7%. Source
A leading crypto analytics firm says that Ethereum (ETH) has been moving off exchanges since late February. In a new blog post, Santiment says that the exchange outflow should help reduce sell-pressure for ETH, which just cracked above $3,000 this week. “ETH saw an acceleration in Supply on Exchange in early Feb 2022, which quite evidently reflected its sell pressure through February. However, since late Feb, we are starting to see a continued outflow and it’s still ongoing for now, which should help alleviate sell pressure.” Ethereum is trading at…
But the stablecoin project is facing steep competition. Terra, an all-in-one layer 1, or base, blockchain that offers its own DeFi ecosystem, is built around its own “decentralized” stablecoin, UST. According to CoinGecko, there are some $15.9 billion USTs – making it the fourth-largest stablecoin behind tether (USDT), USDC and Binance coin (BNB) – compared to $9 billion DAI. Source
Dogecoin can now be traded at ATMs, under the latest plan from the operator Bitcoin of America, which says it has 1,800 machines in 31 U.S. states. Source
It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.” Hoy llegó a El Salvador el CEO y fundador de @BinanceES, Changpeng Zhao (@cz_binance), junto…
Of course, there’s more to Bitcoin than the three stated parts. Exchanges, mixers and block explorers are but a few new domains within the Bitcoin industry that didn’t exist in 2009. This specialization is likely a net benefit, but also holds downsides, particularly for an industry already within the regulatory cross-hairs. An attack on one part, say proof-of-work (PoW) mining, will bleed into other areas of Bitcoin, such as privacy. Original