Day: April 18, 2023

Cross-Chain Bridge Aggregator LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains

LI.FI and InsurAce’s offering is nowhere near that level yet. At press time, the tool said it covered around 130 transactions, some $15,000 in value across eight different chains. The starting amount for the bridge cover fund currently stands at $200,000. “As a brand new product, we’re starting small and will increase capacity regularly to fit demand,” said InsurAce to CoinDesk over Twitter. Source

African Blockchain Ventures See Explosive Growth

Blockchain technology is making waves across the African continent, as it continues to provide fertile ground for the growth and implementation of this cutting-edge technology. According to the African Blockchain Report 2022 by Crypto Valley VC, the funding for blockchain deals in Africa raised a whopping $474 million in 2022, representing a staggering 429% increase in African blockchain venture funding. This surge in funding for African blockchain ventures outpaced the global average of only a 4% increase in blockchain funding. The report revealed that African blockchain funding demonstrated a growth…

With continued Bitcoin adoption comes tamer price action, trader argues

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Episode 9 of Cointelegraph’s Crypto Trading Secrets podcast is now live. In the episode, host Benjamin Pirus chats with Cheds, aka @BigCheds on Twitter. A trader, analyst and author, Cheds fielded an array of questions during the April 6 episode recording, including his opinion on whether Bitcoin’s (BTC) price will ever become less volatile during its bull and bear markets.  “Definitely,” Cheds responded when asked. “I think the more institutionalized it is, the more it becomes part of everyday life and more just part of the system. I think the…

MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin

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MicroStrategy’s infamous Bitcoin (BTC) investment strategy is playing out profitably so far into 2023. Today, MicroStrategy’s stock MSTR is up roughly 140% year-to-date (YTD) to $350 per share, its highest level since September last year. It mirrored Bitcoin’s 90% YTD gains, maintaining a strong positive correlation with the top cryptocurrency. MSTR daily price chart featuring its daily correlation with BTC. Source: TradingView Proxy Bitcoin investment boom To recap, MicroStrategy is essentially a proxy for direct BTC investment without a spot Bitcoin exchange-traded fund (ETF) in the U.S. It holds 140,000 BTC worth $4.26…

Gnosis Chain spends $5M on validator incentive program for decentralization

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Gnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of validators through incentive mechanisms. The new project is called “Gnosis VIP,” according to an April 18 announcement from the company. As part of the new project, Gnosis is launching a “Geographic Diversity Program” that seeks to increase the number of countries Gnosis Chain validators are located within. The network currently has over 100,000 validators spread across 60 countries, and the program’s goal is to increase the number of countries…

Bitcoin adoption blamed for El Salvador’s negative foreign investment balances

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Reports indicate that in 2022, El Salvador recorded a negative balance in foreign direct investment (FDI). Some blamed bitcoin, while others blamed the political issues. Negative FDI balance for El Salvador A report by The Central Reserve Bank of El Salvador (BCR) indicates that in 2022, El Salvador reported a negative FDI balance for the first time in 10 years. In fact, for three quarters in 2022, the FDI balances reported were in the negatives for…

LINK Jumps to 6-Month High, LTC Back Above $100 – Market Updates Bitcoin News

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Chainlink rose to a six-month high in today’s session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process. Chainlink (LINK) Chainlink (LINK) rose to a six-month high on Tuesday, as the global crypto market cap rebounded from Monday’s decline. LINK/USD rallied to an intraday high of $8.66 in today’s session, a day after trading at a low of $7.97.…