Month: May 2024

Bitcoin (BTC) nosedives below $57,000 ahead of Fed decision

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The logo of the cryptocurrency Bitcoin (BTC) can be seen on a coin standing in front of a Bitcoin chart. Silas Stein | Picture Alliance | Getty Images Bitcoin on Wednesday plunged sharply to its lowest level in over two months amid broader risk-off sentiment in markets, as investors kept an eye on the U.S. Federal Reserve’s upcoming interest rate decision. The world’s top digital currency by market value dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko. Bitcoin…

Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets

PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight […] Source CryptoX Portal

Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices

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Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange’s balance sheet. Balance Sheet Discrepancies About 50 users of the Russian […] Source

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