Day: April 15, 2023

ETH Remains Above $2,100 to Start the Weekend  – Market Updates Bitcoin News

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Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consolidation. Following this week’s gains, traders have seemingly started to secure gains, with the global market cap down by 0.52% as of writing this. Bitcoin has fallen below yesterday’s peak above $31,000. Bitcoin Bitcoin (BTC) moved back below the $31,000 level on Saturday, as cryptocurrency markets consolidated to start the weekend. Following a high of $31,005.61 on Friday, BTC/USD dropped to a low of $30,044.50 earlier in today’s session. Yesterday’s peak saw bitcoin climb to its highest…

What does a margin lending ratio drop mean for BTC price?

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Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over six months. Bitcoin price breaks $30,000 despite macro headwinds  Bitcoin’s gains and rally above $30,000 also happened while the dollar strength index (DYX), which measures the U.S. currency against a basket of foreign exchanges, reached its lowest level in 12…

Lido Finance adds over $1b in less than 24 hours after Ethereum upgrade

Lido Finance, a liquidity staking protocol supporting the various protocols, including Ethereum and Solana, remains the most dominant decentralized finance (DeFi) application as of April 14. Lido Finance’s TVL rising The total value locked (TVL) on Lido, a measure of all assets managed by a dapp, stood at over $12.6 billion.  Notably, less than 24 hours after the activation of the Shanghai upgrade on the Ethereum blockchain, Lido Finance has added more than $1.1 billion, representing around 10% of the total TVL.  Lido Finance TVL | Source: DeFiLlama With the Shanghai upgrade,…

Quantum vs. cloud computing: Key differences?

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Cloud computing — or “the cloud” — is an application-based software that distributes computing services throughout the internet, utilizing third-party servers, storage, databases, networking, software, analytics and intelligence to store and process data.  Before cloud computing, businesses had to buy and maintain their own servers containing enough space to prevent downtime and outages and manage peak traffic volume. Still, a lot of server space often went unused, wasting money and resources. The cloud computing ecosystem allows organizations to employ a more efficient and cost-effective solution without requiring expensive hardware, private…

Arbitrum rallies to become top trending coin on CoinMarketCap

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Arbitrum token (ARB) is on for a good day, gaining by more than 10% in 24 hours as activity on the asset market keeps growing.  ARB, trading at $1.49 as of press time, had recorded a 12% increase in price valuation within 24 hours. The asset’s trading volume surged over 140% within the same period. The asset’s market cap has also increased by 11% as of press time.  ARB 24-Hour charts | Source: CMC ARB has…

Chia Network Files for IPO With the SEC, Eyes Public Listing – Bitcoin News

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On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s Chia Aims for an IPO Bram Cohen’s Chia network intends to go public and took a step in that direction on Friday, April 14, 2023, when the firm submitted a Form S-1 filing with the…

Celsius might sue media personality for leaking confidential information

According to reports, the now-bankrupt Celsius Network is preparing to sue a creditor and media personality, Tiffany Fong, for disclosing confidential information. Fong, however, claims she did nothing wrong by making public sensitive details related to the lender since a non-disclosure agreement (NDA) did not bind her. What was disclosed? The bankruptcy petition reveals that the crypto lender Celsius Network either planned to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential information or is considering doing so. Fong has over $119,000 worth of bitcoin (BTC), ethereum (ETH),…

Zebedee Partnership With Bitnob Sees African Gamers Rewarded With BTC – Bitcoin News

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African users of the bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or when they listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border payments. Converting Satoshis to Local Currencies Zebedee, a crypto gaming and payments app, has said its partnership arrangement with the crypto on and off-ramp platform Bitnob will see African users getting rewarded with satoshis each time they…

Do Kwon lawyers received $7 million before Terra collapse: Report

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South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.  Kwon’s decision to send millions to the law firm was flagged by prosecutors as a deliberate move, which allegedly reaffirmed his awareness of the impending collapse and anticipated expected legal problems, as reported by KBS News. While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information…