Month: May 2023

Bitcoin (BTC) Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout

“Our government invited us and others to step up, and we did,” JPMorgan CEO Jamie Dimon said. Crypto fans may know Dimon as one of the highest-profile advocates of “blockchain” and long-time bitcoin critic. First Republic’s failure is second only to Washington Mutual, which failed during the Great Financial Crisis that also gave rise to bitcoin. While some amount of blame could be put on First Republic’s management, economists are largely aligned in thinking its collapse is at least partially due to rising interest rates and the Federal Reserve’s hawkish…

Paysenger Launches IDO as the Platform Looks to Solve the Challenges of AI-Generated Art – Press release Bitcoin News

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press release PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchain-based collaboration platform for content creators, fans, and brands, is poised to tackle these issues with its native token, EGO, and AI integration. Paysenger introduces a personalized AI model that allows artists to create unique, AI-generated art in their distinctive style. This exclusive, artist-specific AI model uses the artist’s social account for…

Justin Sun issues apology after Sui LaunchPool clashes with Binance CEO

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On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD (TUSD) to Binance. The Binance executive wrote:  “Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.” In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD “is to facilitate market-making between leading TUSD exchanges.”…

Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar

Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Suspicions mount over First Republic contagion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to multi-day lows at the time of writing. The pair continued a comedown that began after the weekly and monthly candle close, shedding over $1,000 since that time. The start of the week saw a potential volatility catalyst during Asia trading as First Republic Bank was…

Sotheby’s Metaverse Launches Curated Secondary NFT Marketplace

“The opportunity to expand Sotheby’s Metaverse with a fully on-chain peer-to-peer market is an important step forward in our evolution within the digital art and collectible space,” said Michael Bouhanna, Sotheby’s vice president and head of NFTs and digital art in a press release. “To commemorate this event by opening our secondary market to a carefully selected group of artists, many of whom have been at the forefront of the movement and brought digital art to worldwide attention, further emphasizes Sotheby’s commitment to the NFT community and to creating a…

Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

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Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback. JPMorgan Chase emerged as the winner in the auction to acquire the deposits and a “substantial majority of assets” of the troubled bank First Republic. This marked the failure of the third regional bank in the United States since March and laid open the vulnerabilities in the legacy banking system. Meanwhile, Bitcoin (BTC) has risen for four consecutive months from January through April, a feat it last achieved…

NFT Marketplace Blur Launches Peer-to-Peer Lending Platform, Blend

Blur shared that the product was created in collaboration with Dan Robinson, Head of Research at venture capital firm Paradigm and investor in decentralized exchange (DEX) Uniswap V3, alongside pseudonymous research associate Transmissions, who has previously contributed to building the marketplace protocol Seaport. Paradigm is the lead investor in Blur. Source

Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback

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Bitcoin (BTC) saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the 10.5% move sounds alarming, resulting in $340 million in leveraged BTC futures contract liquidations. However, from a broader angle, Bitcoin price is up 72% year-to-date in 2023, while the S&P 500 stock market index accumulated 9% gains. BTC price climbs on weaker US dollar, banking crisis Bitcoin’s bull run happened while the dollar strength index (DYX), which measures the U.S. currency against a basket of foreign exchanges, was nearing…

LTC Back Under $90.00, as SOL Extends Declines – Market Updates Bitcoin News

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Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin (LTC) Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision. LTC/USD dropped to low at $86.83 earlier in today’s session, which comes 24 hours after trading…

More crypto exchanges list Pepe following trading frenzy

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On May 1, cryptocurrency exchange OKX announced that it would be listing meme token Pepe at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote:  “Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a green frog with a human-like body; this is one of the most popular memes in the world.” Several cryptocurrency exchanges, including MEXC Global, Bitget, Gate.io, and Huobi, listed Pepe trading…