Day: May 17, 2023

‘One of the greatest’ Bitcoin metrics says BTC price bull run is here

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Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says. In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite Decentrader, revealed history repeating itself according to the RHODL Ratio metric. RHODL Ratiocreator on BTC price: “Zoom out” RHODL Ratio is a method of tracking BTC price behavior based on the realized price of the supply — the price at which coins last moved. Created by Swift in 2020, it compares the relative ages of coins…

Bitcoin self-custody advocate explains why on-ramps are key to adoption

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Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency. The co-founder of Casahodl, who’s a prominent figure in the Bitcoin and wider cryptocurrency space, spoke of the challenges in building self-custody solutions in an exclusive interview with Cointelegraph journalist Joseph Hall ahead of Miami Bitcoin Week. Related: The Bitcoin transition: How hodlers can become changemakers and drive adoption Lopp has a wealth of experience as a developer building a…

Coinbase debuts feeless USDC trading in Singapore

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption. Coinbase announced the feeless USDC trading for its Singapore customers in a statement issued on May 16. Users will now be able to buy USDC stablecoin using Singapore Dollar deposits. This move expands Coinbase’s already existing zero-fee fiat deposits for Singapore users. Apart from zero-fee USDC trading, Coinbase says it…

Ripple’s XRP Experiences 8% Price Pump Following Latest Court Twist

Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC.  Ripple native token XRP recently experienced an 8% price pump following a seemingly ‘favorable’ court ruling. The digital currency’s jump came after the presiding judge in the long-drawn-out Ripple vs SEC case denied a motion filed by the regulator. Ripple’s XRP traded at 46 US cents at 12:45 pm Singapore time Wednesday. Furthermore, XRP’s recent price upswing marks the crypto’s highest climb in seven weeks. This is likely because investors interpreted Judge…

Airstack Raises Over $7M for AI-Backed Web3 Developer Platform

With Airstack, developers can query, combine, and integrate on-chain or off-chain, cross-chain, and cross-application data using a single query and response. For instance, a natural language query involving the Polygon blockchain’s native MATIC token might be, “Get all holders of MATIC token who hold a minimum of 10,000 MATRIC, their token balances, and their ENS and Lens and Farcaster.” Source

Four open source Plutus Application Backend (PAB) for Cardano

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Decentralized applications (dApps) are becoming increasingly popular as more businesses and developers seek to leverage the benefits of decentralized networks such as blockchain. However, developing dApps can be complex and time-consuming. To simplify the process, developers can use frameworks that provide a set of tools and functionalities to test, compile, deploy and debug their applications. There are several popular frameworks for developing decentralized applications. In this article, we will explore the Cardano ecosystem and learn about the smart contract framework available to developers. Plutus: Cardano’s smart contract language Cardano’s Plutus programming…

How to use ChatGPT to learn WordPress

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WordPress is a widely used content management system (CMS), powering millions of websites around the world. It is a well-liked solution for consumers, companies and developers due to its user-friendly interface, rich customization options and robust plugin ecosystem. Users can manage websites, add functionality through plugins, customize themes, and improve their site’s speed and search engine optimization by learning WordPress. With the aid of ChatGPT, users can investigate several WordPress features, get advice, and gain knowledge to improve their comprehension and competency with the CMS. To use ChatGPT to learn…

New survey says Bitcoin is safer than the US dollar — Watch The Market Report

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On May 17’s episode of The Market Report, analyst and writer Marcel Pechman discusses whether Bitcoin (BTC) is safer than the United States dollar, considering the risk of the U.S. government defaulting on its debt. He also covers why Bitcoin’s $28,000 resistance will not be a walk in the park and, finally, what is happening between Celsius, Ethereum and Lido staking. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article covered discusses a Bloomberg Markets survey showing Bitcoin as a top three…

Tether buys $222 million worth of bitcoin to back its USDT stablecoin

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Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin Tallis | Afp | Getty Images Cryptocurrency giant Tether on Wednesday said that it’s going to purchase hundreds of millions of dollars’ worth of bitcoin to back the world’s largest stablecoin. The company said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token, which aims to stick to a 1-to-1 peg…

Blockchain in space

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It is no secret that the space industry has been experiencing an unprecedented surge in recent years and is expected to continue to grow. On a daily basis, we see news about countries and private companies competing to claim their stake in future lunar missions, expand their orbital presence and attemping to create comprehensive space programs. As exciting and invigorating as it may be, the space industry still faces various challenges, including issues with security, trust and transparency, which potentially hinder its growth. To help remediate these issues, blockchain can…