Day: April 25, 2023

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31 – Altcoins Bitcoin News

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While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four of the Top Five Stablecoins Experience Net Redemptions in the Past 30 Days On March 31, 2023, the top stablecoins by market capitalization represented $133.63 billion in value, and now the valuation is down to…

Global impact of a Bitcoin soccer club: Decentralize with Cointelegraph

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This week’s episode of the Decentralize with Cointelegraph podcast takes a deep dive into Bitcoin (BTC) in Bedford. A Bitcoiner from the English town near London is turning heads and raising his town’s profile after buying his local soccer club, Real Bedford. Peter McCormack, who took the No. 38 spot on Cointelegraph’s 2023 Top 100, hosts a Bitcoin podcast and is an avid soccer fan. At the start of the soccer season in August 2022, he told Cointelegraph that winning the league would put Bedford on the Bitcoin map. Cointelegraph’s Joe Hall pitchside…

Unpacking Policy Issues at Consensus 2023

We’re finally here: Consensus 2023. The team has packed it full of policy-related sessions. We’ll hear discussions ranging from global regulatory policy around crypto to how industry and lawmakers alike are approaching the question of privacy and privacy tool usage in crypto. I’m landing in Austin, Texas, today (Tuesday) – shoot me a note, maybe we’ll meet up. Reminder: you can still buy a discounted ticket, including a virtual ticket if you’re not in Austin. Original Source ConsensusIssuesPolicyUnpacking CryptoX Portal

MATIC Slides to 6-Week Low, as SOL Extends Declines – Market Updates Bitcoin News

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Polygon fell to a six-week low on Tuesday, with sentiment in cryptocurrency markets remaining bearish. The price plunged as consumer confidence in the United States fell by more than expected, coming in at a reading of 101.3 in April. Solana also slipped, hitting a two-week low. Polygon (MATIC) Polygon (MATIC) dropped to a six-week low on Tuesday, as sentiment in cryptocurrency markets remained bearish. MATIC/USD dropped for a third straight session, hitting an intraday low of $0.9633 in the process. The move came less than a day after polygon was…

Bitcoin volatility has eased, but crypto futures show rising optimism

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Bitcoin trading has returned to the stillness that characterized the market before U.S. banks went into crisis last month and became a major upside catalyst for crypto. Almost a week ago, bitcoin began a three-day descent below $30,000 after just a few days above the mark. It has been trading sideways ever since. Meanwhile, bitcoin and ether volatility have fallen to below early March levels, according to Kaiko. Even “implied volatility,” which uses options data to show the market’s forecast of a likely movement in an asset’s price, is moving…

Bitcoin price hits new record high in Argentina

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Last week, the price of Bitcoin (BTC) reached a record high in Argentine peso (ARS) terms following persistent inflation in Argentina. Argentina’s inflation pushes BTC’s price to all-time high On April 18, the BTC-to-ARS exchange rate crossed over 6.59 million ARS, according to aggregated price data tracked by Google Finance. Since the peak, the rate has corrected to around 6 million ARS, down 9%, but still up more than 100% year-to-date (YTD). BTC/ARS price performance so far in 2023. Source: Google Finance Bitcoin’s growth in the Argentine markets coincides with the…

How to stake Polkadot (DOT)?

Unlike restricted proof-of-work (PoW) blockchains like Bitcoin, the Polkadot blockchain allows cross-blockchain transfers of any asset or data, facilitates more transactions per second and needs less infrastructure. Polkadot uses a nominated proof-of-stake (NPoS) blockchain centered on interoperability of parachains that connect to and are secured by the Relay Chain. Validators can validate both the Relay Chain and the parachains, making it a flexible and scalable blockchain solution. The native token on the Polkadot blockchain is named DOT (DOT). It can be used on the Polkadot network for trading, staking, bonding,…