Day: April 22, 2024

Bitcoin Analysts Say $60,000 Is The Cycle’s Bottom

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Bitcoin enthusiasts around the globe can now breathe a collective sigh of relief as the world’s premier cryptocurrency, Bitcoin, rebounds from a recent downturn. Last week witnessed Bitcoin, akin to the broader market, sliding below the $60,000 mark, primarily due to risk aversion, the US tax season, and escalating geopolitical tensions in the Middle East. However, in a surprising turn of events, Bitcoin has not only recovered but has surged past the $66,000 mark, reigniting optimism and sparking discussions about its future trajectory. This recent resurgence in Bitcoin’s price comes…

Sui Overflow Hackathon Funding Pool Balloons to $1,000,000 as New Sponsors Join – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, April 22nd, 2024, Chainwire Alibaba Cloud, AngelHack and dWallet are among the latest supporters for the global event. Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, has seen funding for Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui, double in recent weeks with enthusiastic supporters contributing funds.  Initially set at $500k, after a groundswell of support from external backers, Sui Overflow’s funding pool has ballooned to $1,000,000. The sizable rewards pool is drawing builders from…

Ethereum Technical Analysis: ETH Consolidates After Testing Key Resistance Levels

As ethereum continues to navigate a period of significant price fluctuations, traders are keenly observing a variety of technical signals from the 1-hour, 4-hour, and daily charts. The combination of oscillators and moving averages provides a nuanced view of potential entry and exit points. Ethereum The 1-hour chart for ethereum (ETH) reveals notable fluctuations, with […] Source CryptoX Portal

BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach – Blockchain News, Opinion, TV and Jobs

Willemstad, Curaçao, April 22nd, 2024, Chainwire BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base. Jack Dorsey, the CEO of BC.GAME, said: “We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license is a vital milestone in BC.GAME’s ongoing development and our commitment to…

Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s

“It’s super cool to actually see them [Celo] be keen on OP Stack, do deep due diligence and look at all these chains,” said Ryan Wyatt, chief growth officer at the Optimism Foundation, in an interview with CoinDesk. “I mean, there’s a lot of opportunities around this build-a-blockchain out of the box. So I love that they did it and then ultimately concluded that we’re going with OP Stack.” Source

Bitcoin (BTC) Layer 2s Have Their Moment

Tokens associated with Bitcoin layer 2 solutions have outperformed bitcoin (BTC) since the Bitcoin blockchain’s highly-anticipated mining reward halving took effect early Saturday. STX, the native token of leading Bitcoin layer 2 network Stacks, has risen nearly 20% to $2.87 since quadrennial halving reduced the per block coin emission to 3.125 BTC from 6.25 BTC, according to data source CoinGecko. Bitcoin, meanwhile, has gained just over 4.7% to $66,300. STX is one of the best-performing top 25 cryptocurrencies of the past 24 hours, per Velo Data. Other layer 2 coins,…

7,400 Bitcoin Futures Contracts Created On First Day Of Trading

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After announcing in March its plans to include Bitcoin futures in its offerings, B3, a Brazilian stock exchange, has officially opened up trades, achieving a significant milestone on its very first day of trading Bitcoin futures.  B3 Bitcoin Futures Sees Surge In Demand Following its launch of Bitcoin futures on April 17, B3 experienced a massive wave of demand and interest from cryptocurrency enthusiasts eager to trade the newly listed Bitcoin futures. The stock exchange reported that on the debut trading day, more than 7,400 Bitcoin futures contracts were actively…

Orbs VP Ran Hammer Says Future of Defi ‘Hinges on Liquidity Aggregation’

Although decentralized finance (defi) platforms have traditionally focused more on maintaining liquidity and volumes in their respective pools, Ran Hammer, the vice president of business development at Orbs, believes that “the future of defi hinges on liquidity aggregation.” According to Hammer, this shift is evidenced by the emergence of dominant aggregators that optimize trades by […] Source CryptoX Portal