Day: April 17, 2023

Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings

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Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction – Altcoins Bitcoin News

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Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is Nearing Its All-Time High The stablecoin market has recently contracted and is currently hovering around $131.94 billion. The decrease in the stablecoin market can be attributed to several dollar-pegged coins that have reduced their token…

SOL price risks 20% drop despite Grayscale Solana Trust’s retail debut

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On April 17, the price of Solana (SOL) crept lower in the wake of similar price moves across the top-ranking cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). SOL’s price dropped over 4% under $24.50 despite rising to $26 — a two-month high — earlier in the day. In comparison, BTC’s and ETH’s prices dropped 3.5% and 3%, respectively, hinting at a bearish start to the week. SOL/USD hourly price chart. Source: TradingView SOL price in a technical correction The SOL/USD selloff on April 17 started after it entered its 2023 resistance…

NYDFS adopts regulation to assess supervisory costs for licensed crypto firms

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The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state. In an April 16 announcement, the NYDFS said the supervisory costs enforced by the new regulation would be used for “adding top talent to its virtual currency team”. The government department will assess costs for the supervision and examination of crypto firms operating in the state with a BitLicense. “This regulation provides the Department with additional tools and…

Pantera Alum Joey Krug Joins Peter Thiel’s Founders Fund

“Historically, crypto founders have felt the need to bring on a specialized, crypto-only investment fund alongside traditional VCs,” said Krug in a Medium blog post. “However, by combining my expertise in crypto with the brand and generalized expertise of Founders Fund, I believe no firm is better positioned to lead the charge in funding and growing the next decade of crypto protocols and companies.” Source

KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP

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Kyber Network, developer of the Kyberswap Elastic decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange’s contracts. It has advised all liquidity providers to remove their funds as soon as possible. 1/2Attention KyberSwap Elastic Liquidity Providers:We have identified a potential vulnerability, and as a precaution we strongly advise all Liquidity Providers to withdraw your funds on Elastic as soon as possible. Investigations are ongoing and no user funds are lost. — Kyber Network (@KyberNetwork) April 17, 2023 The developer has stated that…

$SAI’s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating – Press release Bitcoin News

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press release PRESS RELEASE. SAITECH Limited (SAI for short), a clean energy and computing operator based in Singapore, saw a surge in its stock price last Friday. The highest increase in SAI’s stock price on that day was $7.4, a 387% rise from the previous day’s price. The closing price of the stock was $4.9, still up 222.3% from the previous day. Based on the closing price, the company’s market value was $111 million. The turnover rate and trading volume of SAI on that day were both very high, which…

New Meme Coin DigiToads (TOADS) Token To List on BitMart Exchange

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April 15, 2023 – Mahe, Seychelles The crypto market has been red-hot recently. Bitcoin ripped past $30,000 and Ethereum staking withdrawals will go live, breaking the $2,000 price point – while Bitcoin’s dominance dropped, its price climbs, which means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads (TOADS), has confirmed it will list on the BitMart exchange soon. The DigiToads presale has already raised more than $1.35 million, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity.…