Day: April 11, 2024

Top U.S. House Lawmakers Meet With Schumer on Stablecoin Bill Strategy: Punchbowl

On the crypto event circuit, McHenry has repeatedly contended that it’s still possible to get his panel’s stablecoin bill passed for President Joe Biden to sign it into law, including in remarks earlier this week. McHenry is retiring from Congress this year and has put a priority on the legislation to provide guardrails to issuers of the tokens that, among other uses, provide a steadier foundation for the trading of more volatile cryptocurrencies. Source

Kraken Crypto Exchange Plans To Delist Monero in Two European Countries in Two Months

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One of the biggest centralized crypto exchange platforms in the world is planning on delisting a popular privacy-focused altcoin in two European nations in the coming months. In a new article, crypto exchange Kraken says it’s going to be delisting Monero (XMR), a blockchain focused on anonymity that launched in 2014, from Ireland and Belgium starting in June. According to Kraken, after June 10th, all remaining XMR on the crypto exchange will be automatically converted into Bitcoin (BTC), the top crypto asset by market cap. “We will be delisting Monero…

Bitcoin Back Above $70,000 Despite Negative Taker Volume

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Bitcoin has surged back above the $70,000 level during the past day despite the negative Net Taker Volume for the asset. Bitcoin Net Taker Volume Has Seen Some Large Negative Spikes Recently As explained by CryptoQuant Netherlands community manager Maartunn in a post on X, selling spikes of a significantly heavier scale than before have recently appeared in the Bitcoin Net Taker Volume. The “Net Taker Volume” is an indicator that keeps track of the difference between the Bitcoin taker buy and taker sell volumes in perpetual swaps. How can…

Crypto Analyst Predicts Shiba Inu Price Will Reach $0.0001 If This Happens

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A crypto analyst has raised the possibility of Shiba Inu (SHIB) rising to as high as $0.0001. As part of his analysis, he highlighted certain factors that could contribute to the meme coin experiencing this parabolic price surge.  Shiba Inu To Rise To $0.0001 If History Repeats Itself Crypto analyst Bunchhieng suggested in his analysis that SHIB could attain such a price level if history were to repeat itself, and SHIB mirrors its bullish pattern from the 2021 bull run. He affirmed that based on the patterns that he observed…

Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO

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Analyst Predicts SOL Bounce Amid Network Congestion

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Solana (SOL) faced difficulties the past week after the network’s transaction failure rate reached over 75%. Since then, Solana’s core contributors have been working to find the congestion problems. SOL’s price tumbled 7.8%, and users seemed worried about the network’s state. Despite this, some analysts predict a more optimistic performance for SOL soon. Is Solana Poised For A Bounce? According to crypto analyst Bluntz, Solana’s drop has reached its bottom. When the news of network congestion broke, the analyst predicted that SOL’s price would likely fall to $160 before seeing a…

Building Botanix, a Bitcoin Layer 2 That Brings the EVM to Bitcoin

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That is a very good question. I was actually a proof-of-work maximalist before designing the spiderchain, but I realized that a proof-of-work on a second layer actually doesn’t make a lot of sense. So, I looked into proof-of-stake and read all the different white papers. In 2022, when Ethereum merged to proof-of-stake, there were a lot of Bitcoiners, including Jack Dorsey, who were retweeting this article about why proof of stake is insecure. So, I read the article. Each of the arguments in it were actually solved if you build…