Month: April 2023

Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases – Mining Bitcoin News

boss

Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62% since block height 778,176. Consequently, with the current block times in place, the mining participants of the network may finally see a drop. Bitcoin Difficulty Expected to Drop 1-4% Lower; BTC Price Spikes 6% Higher Present data suggests that the decline in Bitcoin’s difficulty level could potentially take place around May 4, 2023. The…

With U.S. Crypto Regulations on the Way, Please Enjoy the Final Crypto Winter

Got your skis on? If not, clip in and try to have some fun because this is going to be our very last crypto winter. We’ve had two or three, depending on how you count and this one has certainly been the worst and the most frustrating, but fortunately, it’s going to be the final one and let me explain why: Crypto and blockchain are on the cusp of becoming ordinary, regulated businesses. While it’s always extremely difficult to separate signals from noise, I see three big positive signs for…

First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’

boss

Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24. The pair continued to respond positively to the rapidly-evolving next chapter of the U.S. banking crisis. This centered around First Republic Bank, which revealed a $100 billion reduction…

Blockchain Association CEO Sees ‘Bright’ Outlook for U.S. Crypto Policy

The Senator has embraced the term “anti-crypto” when describing her critical views of the space. However, her views rarely reflect that of the mainstream, even within the Democratic party. Advocates are already pushing back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and continues to educate willing policymakers. Source AssociationBlockchainbrightCEOCryptooutlookPolicySeesU.S CryptoX Portal

Helium Network’s IOT Token Surges 370% Following Migration to Solana (SOL) Blockchain

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Don’t Cap Digital Euro Holdings, European Parliament Study Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Microsoft Encounters Stumbling Block in Britain Regarding Activision Deal

Following the CMA’s decision to veto the Microsoft-Activision deal in Britain, the computer software giant plans to appeal.  Britain’s Competition and Markets Authority has blocked Microsoft’s acquisition of gaming publisher Activision Blizzard (NASDAQ: ATVI). On Wednesday, the top UK regulator opposed Microsoft’s acquisition of the “Call of Duty” publisher. This verdict comes a month after the UK CMA deemed the tech giant’s impending control of Activision non-threatening to video gaming competition. However, the British competition regulator now believes that Microsoft’s ownership of Activision could hamper competition in the cloud gaming market. In a press…

Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2 billion options expiry

boss

Bitcoin (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally. Bitcoin gains from banking crisis  Despite the positive shift, its price remains 22.5% down in twelve months, which explains why bulls are far from optimistic.  The FRB debacle comes after the bank’s earnings report, which showed that clients’ deposits shrank by 40.8% during the quarter…

The rise of AI and the impact it could have on the music industry

boss

Artificial intelligence (AI) has exploded into popular culture, and the music industry is not immune to its impact. From songwriting and music production to marketing and distribution, AI is revolutionizing all aspects of this beloved art form.  The way music is created, consumed and monetized feels as though it is on the cusp of a major change. Will AI find a place in the music industry and impact how composers work and create new music? With artificial intelligence gaining ground, what will it do to the genuine emotion that musical…

Trust Wallet to Simplify Web3 Onboarding with This New Integration

With the growing importance of Web3, adopting Two-Factor Wallets is seen as a significant step in improving security measures in the crypto industry. Trust Wallet, one of the largest self-custodial and multi-chain wallets, has partnered with Web3Auth to simplify Web3 onboarding using social logins. This collaboration allows users to access Web3 services using their existing social login credentials and other security factors. Trust Wallet’s newly deployed Multi-Party Computation (MPC) solution, powered by Web3Auth, eliminates the current requirement of a written-down seed phrase, safeguarding users from human error and a single…