Day: March 19, 2024

Human Rights Foundation announces $500k Bitcoin development fund

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The Human Rights Foundation has recently unveiled its latest round of grants under the Bitcoin Development Fund, allocating $500,000 across 14 diverse projects worldwide. The initiatives span various realms, including global education, Lightning Network advancement, decentralized communications, and facilitating access to financial tools for nonprofits and human rights organizations. The grants focus on Latin America, Asia, and Africa and aim to bolster efforts in regions facing socio-political challenges. Recipients are projects like USD E-Cash for Bitcoin, BTCPay Server, and BOB Builders Residency Program, each addressing different facets of the Bitcoin…

Velar Launches Dharma AMM to Propel Bitcoin Into the Decentralized Finance Spotlight

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On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the Bitcoin layer two (L2) Stacks, featuring an initial pairing of two tokens. Velar’s Strategy to Elevate Bitcoin Within the […] Original

AVAX Soars To Highest In Nearly 2 Years, 80% Of Holders In Profit

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Avalanche (AVAX), the 10th-ranked cryptocurrency, has been on a tear in the past week, not only emerging as the top performer among major digital assets but also reaching its highest price point in nearly two years. According to CoinMarketCap data, AVAX surged by an impressive 20%, surpassing its previous peak in May 2022 and reaching a price of $60 at the time of writing. This remarkable rally has ignited a wave of bullish sentiment within the crypto community. AVAX Gets Boost From Strong Market Signals  Analysts are pointing to a…

Optimism Finally Starts Testing ‘Fault Proofs’ at Heart of Design – and of Criticism

Optimism and similar rollups aim to borrow their security from Ethereum, meaning recording transactions should be tantamount to writing transactions directly onto Ethereum. Optimism is currently the third-largest rollup network in terms of transaction volume, with $950 million in total deposits, according to DefiLlama. The chain’s technology also powers the second and fourth-largest layer-2 networks, Coinbase’s Base network and Blast, a buzzy newcomer to the rollup race. Source

Bitcoin Plunges Under $63,000, Here’s Where Next On-Chain Support Is

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Bitcoin has deepened its decline in the past day with its price now slipping below $63,000. Here’s where the next potential support is, according to on-chain data. Bitcoin Could Find Support At These Price Levels In a new post on X, analyst Ali has discussed how the Bitcoin support and resistance levels are looking like right now based on on-chain data from Glassnode. The indicator of relevance here is the “UTXO Realized Price Distribution” (URPD), which, in short, tells us about the amount of coins (or more precisely, UTXOs) that…

BitMEX investigates suspicious trading that sent Bitcoin to $8.9k

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Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices.  The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX quickly returned to normal and has since mirrored the broader market trends. Following an investigation, BitMEX identified unusual “aggressive selling behavior from a few accounts,” which deviated from normal market…