Day: May 1, 2024

Bitcoin falls below $57k for the first time in two months

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Bitcoin (BTC) price has been on a downward momentum over the past week with the asset falling below the psychological $60,000 mark amid heightened whale activity. BTC declined by 8% in the past 24 hours and is trading at around $56,990 at the time of writing — a level last seen in late February. Following the downtrend, Bitcoin’s market cap dropped below the $1.13 trillion mark. However, the asset’s daily trading volume increased by 70%, surpassing the $45 billion zone. BTC price, whale activity, RSI and supply on exchanges –…

Network Update Fails To Fix Traffic Jam

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Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability. Solana Slides With The Market The recent crypto market correction hasn’t spared Solana. The token, which enjoyed a stellar run for months, has mirrored the overall slump. On Tuesday, April 30th, Solana dipped to $127, marking a daily decline of 4% and a weekly drop exceeding 10%. Lingering Congestion Woes Plague Solana While the…

A joint statement by Ofcom and the Information Commissioner’s Office on collaboration on the regulation of online services

I ddarllen y tudalen yma yn Cymraeg, cliciwch yma. We have published a joint statement with Ofcom about collaboration on the regulation of online services where online safety and data protection intersect. The statement sets out how we will work together on areas of mutual interest to achieve a coherent approach to regulation. It builds on a joint statement published in November 2022 that envisioned working together more closely to achieve greater alignment. Read the statement in full here.   Source

Bitcoin (BTC) Sinks Below $58K, Crypto Market Drops 9% in Run-Up to FOMC Rate Decision

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

If History Rhymes, Bitcoin Price Will Do This In The Next 6 Months

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In a recent thread on X (formerly Twitter), renowned on-chain analyst Checkmate provided an analysis regarding the future trajectory of Bitcoin. Currently, the premier cryptocurrency hovers around the $60,000 mark, a pivotal moment that echoes historical patterns within the Bitcoin market cycle. What Will The Next 6 Months Bring For Bitcoin? Checkmate argues that Bitcoin is positioned in a “chopsolidation” phase—a term coined to describe a stagnant yet volatile period. He suggests that this could last approximately six months, based on previous cycles, and potentially usher in a period of…

Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget

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Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After the issuance of Runes following the halving, fees have returned to normal levels. Blockchair’s […] Original

The best crypto apps for beginners in 2024

Discover some of the best cryptocurrency apps for beginners, like Binance, Bybit, eToro, Coinbase, and Kraken. When it comes to crypto, finding the right platform to kickstart your digital asset journey is crucial. Many first-timers often ask the question, What are the best crypto apps for beginners?  This article will shed some light on the issue by examining some of the best beginner crypto apps on the market. These platforms offer not just easy-to-use interfaces and low fees but also robust security measures, ensuring a smooth and secure trading experience…

Shiba Inu Surprise! Binance Japan Listing Ignites 360% Price Spike

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Shiba Inu (SHIB), the meme coin with a loyal following, experienced a whirlwind of activity in the Japanese market this week. The catalyst? The listing of a new SHIB/JPY trading pair on Binance Japan, a move that initially sent the price soaring. Shiba Inu Soars On Binance Listing, But Briefly On April 30th, Binance Japan announced the addition of the SHIB/JPY pair to its spot trading platform. This move provided Japanese investors with a convenient way to trade SHIB directly with their yen, eliminating the need for currency conversions. The…

SEC Ethereum ETF rejection sparks debates; Render rival poised for surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…

NYC woman gets 18 years in prison for funding terrorism using Bitcoin

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A New York woman gets 18 years in prison for laundering $12,000 in Bitcoin to fund a terrorist group in Syria. Victoria Jacobs, also known as Bakhrom Talipov, 44, was sentenced to 18 years in prison by a New York State court jury after being found guilty of terrorism financing through cryptocurrency. In a press release, the Manhattan District Attorney’s Office said that Jacobs was “fully immersed in online terrorist ecosystems,” emphasizing her assistance in “raising and laundering thousands of dollars” for Syrian terrorist groups. “From the safety of her…