Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000. Source
Ether Circles Above $1.9K as Shanghai Hard Fork Nears
Day: April 5, 2023
Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade
With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5. Ether price has momentum and here are three strong reasons why. Multiple positive price achievements According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also…
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
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Bitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far – Bitcoin News
After the Ordinal inscription process gained significant traction on the Bitcoin blockchain with more than 800,000 inscriptions to date, a new trend of non-fungible token (NFT) technology has emerged called Bitcoin Stamps. The image-storing technique is a new way of storing images on Bitcoin, and so far, more than 8,000 stamps have been minted. From Ordinals to Stamps: A New Way to Store Images on Bitcoin Materializes Bitcoin enthusiasts have been introduced to a new method of storing images on the Bitcoin network that’s different from the Ordinal inscription process…
US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in that city, according to a local news report. A state supreme court judge ordered its plant closed in early March. The settlement still requires the approval of the city council. State Supreme Court Justice Edward Pace ordered the plant’s closing after “weeks of contentious negotiations” between the city and US Bitcoin on the wording of the order. The order enforced a ruling another…
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse. Source
Price analysis 4/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin continues to face resistance near $29,000 and Ether has decided to take charge of the wider crypto markets’ bullish momentum. Bitcoin (BTC) remains pinned below the psychologically crucial level of $30,000 as cryptocurrency investors search for positive triggers. That has not stopped business intelligence firm MicroStrategy from adding 1,045 Bitcoin to its kitty, which has now swelled to 140,000 Bitcoin. Even after the sharp recovery from November 2022 low, monitoring resource Material Indicators believes the current up-move is a bear market rally. Usually, a bear market rally does not…
Nifty Newsletter, March 29–April 4
In this week’s newsletter, learn how artificial intelligence (AI) can make the metaverse safer, according to The Sandbox’s co-founder. Check out how Axie Infinity creator Sky Mavis is building a blockchain gaming ecosystem, and read about nonfungible token (NFT) firm Yuga Labs onboarding a new CEO. In other news, find out how OKX uses the metaverse to engage with football fans, and don’t forget this week’s Nifty News, featuring luxury brand Gucci creating a pendant for the Otherside metaverse. AI makes the metaverse safer and more inclusive: The Sandbox co-founder…
Pantera Capital leads $22.5M investment in M^ZERO Labs for decentralized infrastructure
Berlin-based M^ZERO Labs, a company that seeks to build neutral infrastructure linking assets in the global financial system with decentralized applications, has raised $22.5 million in a financing round led by Pantera Capital. The funding round also includes participation from other investors such as Road Capital, AirTree, Standard Crypto, The SALT Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Mouro Capital and Earlybird. The company said the funds would be used to build a decentralized infrastructure that allows institutional participants to allocate assets on-chain and transfer value in a “completely transparent,…
Bitcoin Sidechain Mintlayer Launches $4M Grants Initiative
The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps. Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the Mintlayer ecosystem first and the Bitcoin ecosystem by extension. “One of our directives is to attract the best teams,…