After A Needed Break, The Bitcoin Price Still Has Gas In The Tank

What’s been behind the recent dips in the price of bitcoin, and what might the future potentially hold? Navigating the stormy seas of the bitcoin markets can be a challenge. Luckily, Bitcoin uses a publicly available blockchain that contains valuable information about all transactions that were ever made on the network. By combining this on-chain data with other price and market data, bitcoin holders are more equipped to understand why its markets behave the way that they do, giving them tools to make more informed decisions or the confidence needed…

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ASSEMBLE Protocol (ASM) Is Now Supported on Coinbase Custody

PRESS RELEASE. The leading blockchain-based global point integration platform, ASSEMBLE Protocol has announced that its utility token ASM has been added to Coinbase Custody. This means that ASM will receive a cold-storage custody solution from one of the largest custodians in the crypto sphere, Coinbase Custody. Coinbase Custody to provide cold-storage custody support for ASM The support of the ASM on Coinbase Custody has been officially confirmed by the Coinbase Institutional on 3rd May 5 PM PDT, that has been revealed in their Twitter handle. According to their tweet, Coinbase…

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Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot

The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch, leaving users without control of their funds for this period. Avalanche Web Wallet Stalls After Avalaunch Airdrop The Avalanche Web Web Wallet, the official wallet for the AVAX cryptocurrency, experienced an outage yesterday that left customers without control of their tokens for six hours. According…

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Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins. Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding rate significant drop. However, despite Bitcoin’s recent underperformance and today’s 6.5% drop, pro traders…

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Interview: Reflections On Satoshi With Adam Back And Pete Rizzo

Pete Rizzo discussed the earliest days of Bitcoin and Satoshi Nakamoto’s influence with Blockstream’s Adam Back. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn Overcast This week for the “Bitcoin Magazine Podcast,” we have a replay of last week’s interview between Adam Back and Pete Rizzo on Satoshi’s legacy. Back is the cofounder and CEO of Blockstream and the inventor of proof of work. Back reflected on discovering Bitcoin and searching for the best information about it in the early days. He worked hard to understand…

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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC

China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, Ant Group, and Tencent have been bolstering the venture. China’s Digital Yuan Is Seemingly Near Completion, JD.com Employees Paid in e-CNY China’s central bank digital currency (CBDC) that’s being crafted by the People’s Bank of…

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Gnosis, Balancer and PancakeSwap breakout as Bitcoin looks for direction

A series of protocol upgrades and partnership announcements helped to boost GNO, BAL and CAKE even as Bitcoin price searches for support. Ether (ETH) continued its stellar run and crossed the $3,500 barrier today. Dogecoin (DOGE) also joined in on the party as its price soared above $0.61 earlier today as Gemini exchanged added support for the coin following a similar step by eToro.  Traders may be buying DOGE with the expectation that Elon Musk will shill the token during his upcoming appearance as the host of Saturday Night Live.…

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Institutional managers hold a record $13.9B worth of Ethereum

Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH. The weekly inflows report showed strong…

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A Comparison Of Bitcoin’s Environmental Impact With That Of Gold And Banking

The impacts of gold and banking on the environment relative to Bitcoin are much greater than mainstream narratives suggest. The following is a republishing of Hass McCook’s “Comparing Bitcoin’s Environmental Impact…,” which was first published here. NOTE: The methodology and underlying figures (specifically, emission rates for gold and banking) mentioned throughout are generally derived from my 2014 and 2018 works. The 2018 work is available as an easier-to-digest 10-part medium series here. Bitcoin’s energy consumption and environmental impact are commented on very regularly, but ultimately, they are rarely understood. The…

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S&P Launches Bitcoin, Ethereum, and ‘Crypto Mega Cap’ Indices

S&P Global, the parent company of S&P Dow Jones Indices, has launched three cryptocurrency indices. One tracks the performance of bitcoin, another tracks the performance of ethereum, and the third measures the performance of both bitcoin and ether. 3 Crypto Indices Launched by S&P Global S&P Global, the parent company of S&P Dow Jones Indices LLC, launched “The S&P Digital Market Indices” on Monday. The index series include the S&P Bitcoin Index, the S&P Ethereum Index, and the S&P Crypto Mega Cap Index. The ticker symbols for the three are…

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