Month: April 2023

Ethereum Prints 9-Month High ahead of Shapella Upgrade

The growth in the price of Ethereum has also stirred a rub-off on the major Liquid Staking Derivatives Platform (LSD). Ethereum (ETH) has joined Bitcoin (BTC) to lead the rally in the digital currency ecosystem today as key stakeholders and investors are religiously awaiting the upcoming Shapella Upgrade. At the time of writing, Ethereum is changing hands at $1,913.45, up by 4.34% over the past 24 hours as the industry’s biggest smart contract platform sought to build on its 5.17% in the trailing 7-day period. The current growth rate is…

Coinbase Says Americans Could Save Billions on Remittances Fees by Using Crypto

Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto company, Americans who rely on remittance fees face obstacles due to the disconnected global financial system. It also talks about how there is no universal appreciation for the value of remittances, which are the funds people send to their…

MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury

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MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by Microstrategy’s executive chairman, Michael Saylor, on April 5. MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv — Michael Saylor⚡️ (@saylor) April…

OpenSea Unveils Next Gen NFT Aggregator Dubbed OpenSea Pro

The OpenSea Pro through Gem v2 will help digital art collectors discover the best deals in over 170 marketplaces. The Non-Fungible Tokens (NFTs) industry has grown to a $2.1 billion valued crypto sector with OpenSea playing a crucial role in global adoption. Founded in 2017, OpenSea has facilitated over $20 billion in NFT volume from over 2 million collections. Moreover, the NFT marketplace is backed by top industry investors including Andreessen Horowitz, Coinbase ventures, Trust Wallet, Pascal Capital, and Blockchain Capital, among others. OpenSea has, however, not stopped developing infrastructure…

Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances

On April 4, the U.S. dollar index (DXY), which measures the greenback’s performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world’s largest economy declined. BTC price eye breakout with dollar at 2-month lows Bitcoin (BTC) has grown 3.5% since to around $28,800, continuing its extremely negative correlation with the dollar. The BTC/USD pair now eyes a breakout at $30,000, a psychological resistance level, due to hopes that the greenback will weaken further in 2023. DXY vs. BTC/USD year-to-date returns and correlation…

P2P Platform Paxful Folds, Cites Regulatory Challenges amid Other Reasons

The news further narrows the options for people to trade cryptocurrency among themselves. The global peer-to-peer (P2P) market is fast losing popularity and Paxful may be the latest platform to be affected by this reality. According to a blog post by Paxful CEO Ray Youssef, the firm is winding down its operations immediately with no assurance of resuming them ever again. The eye-catching introduction reads: “Today, Paxful will be suspending its marketplace. We are not sure if it will come back.” While Youssef admits that the news may come as…

Embrace the Opportunity to Shape Crypto’s Future – Op-Ed Bitcoin News

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As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. Ripple should embrace this prospect wholeheartedly. The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. Recent events, such as a rise in XRP’s value and an increase in open interest in…

Paxful shutdown hit Nigeria harder than the rest of the world, here’s why

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The shutdown of the peer-to-peer cryptocurrency marketplace Paxful has left its worldwide community in search of alternatives, but it appears to have especially affected the Nigerian Paxful community.  On April 4th, Paxful declared that it would halt its operations. The reason for this decision, according to the founder and CEO Ray Youssef’s blog, was due to “key staff departures” and the regulatory environment. According to a study by Chainalysis’ 2020 Cryptocurrency Geography Report, Nigeria ranked eighth in terms of crypto adoption and usage rate among 154 countries included in the…

Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned

In a later affidavit filed in March, Wright said that key evidence concerning the alleged breach had been submitted by his lawyers at Ontier without his permission, and constituted legally privileged material. Faced with a 17,000-word skeleton argument advanced by Wright’s new attorneys, buttressed by 1,600 pages of legal authorities, Warby concluded that the cost of continuing outweighed the benefits. Source