Author: News Room
Most people who understand bitcoin know that there are two kinds of bitcoin. One is bitcoin, the asset which has a fixed supply and is quite volatile, and the second kind of Bitcoin, the network and protocol that maintains an immutable ledger that has never been hacked and is bullet proof, bomb proof and tank proof. It is my opinion that too much focus is placed on the asset and not nearly enough on the network, protocol and immutable ledger. While listening to a recent podcast Peter McCormack had with Dhruv Bansal they discussed the network and protocol in a…
Polygon Labs CEO Marc Boiron believes that the intense rivalry between Ethereum layer-2 networks is the “biggest problem” facing the second-largest digital asset by market capitalization. In an April 7 post on social media platform X, Boiron emphasized how the competition between these networks has led to Ethereum cannibalizing itself continuously. He explained: “Ethereum’s biggest problem is cannibalizing itself continuously via all L2s competing over devs, users and liquidity rather than competing outside of the Ethereum ecosystem. Microeconomics 101 would tell you this is a bad strategy. I don’t have the answer but it needs to be addressed.” Several crypto…
Buildcore is the culmination of nearly 3 years of development by the team that brought you the Soonaverse, BUILD.5, and the “first” of many community based products on IOTA and Shimmer. We are proud to announce our next venture as we contribute to the collective mission of our industry to bring the next billion users on-chain. Buildcore Team and Advisory Board Our founders, contributors, and advisory board are made up of builders from the IOTA ecosystem, combined with professionals from some of the most recognized companies in the world. Founders: Adam Kundrat, Buildcore; Andrew Worden, Buildcore; Bolidizar Mezei, Buildcore; Michael…
The world’s second-largest cryptocurrency Ethereum (ETH) made strong moves above $3,700 with more than 10% gains over the past week. As of press time, the ETH price is up by 8% trading at $3,704 with a market cap of $444 billion. At its current price, Ethereum is already trading 61% up since the beginning of the year. Read the full article here
The London Stock Exchange Group’s (LSEG) Parisian clearinghouse affiliate LCH SA announced Monday that it received regulatory approval to provide clearing services for Bitcoin derivatives. LCH SA will leverage its newly established service, LCH DigitalAssetClear, to provide clearing functions for relevant contracts. These contracts are traded on UK FCA-regulated digital asset derivatives trading venue GFO-X. This collaborative approach ensures that the clearing service prioritizes security and adheres to stringent regulatory frameworks. It will cater specifically to the digital asset derivatives market. LCH DigitalAssetClear has three key features to ensure stability. These include fund separation to protect users in case of…
XRP demonstrates a bullish trend, aiming to hold support levels and surpass resistance. Active wallet addresses for XRP surge, indicating increasing adoption and demand. On-chain transaction metrics reveal a predominance of profit volumes, suggesting positive sentiment among holders. XRP is currently navigating a narrow trading corridor, fluctuating between $0.5000 and $0.7500. Recent market dynamics indicate a concerted effort by XRP to find stability around key support levels, poised for a potential retest of higher resistance thresholds. With a trading volume exceeding one billion and a market capitalization of over $33 billion, XRP maintains a resilient presence in the crypto sphere.…
The Bitcoin halving, a pivotal event looms on the horizon that is poised to redefine market dynamics. Set around April 20, this event will cut the mining reward for a Bitcoin (BTC) block from 6.25 to 3.125 BTC. Analysts like Arthur Hayes, Benjamin Cowen, and Peter Brandt forecast a potential downturn in Bitcoin’s price post-halving. Will Bitcoin Crash After Halving: Analysts Weigh in Arthur Hayes, a seasoned voice in the crypto sphere, presents a complex view of the Bitcoin halving. Despite the general optimism, he predicts a market downturn. “The narrative of the halving being positive for crypto prices is…
BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for the ownership of the vehicle. Brazilian BV Bank Pilots Tokenization Model […] Read the full article here
A widely followed crypto strategist thinks that Bitcoin’s current strength will push BTC to a price level that exceeds people’s expectations this cycle. Analyst Michaël van de Poppe tells his 711,000 followers on the social media platform X that Bitcoin managing to print a new all-time high above $73,000 before the halving – when miners’ rewards are slashed in half – is a solid signal of strength. According to the crypto trader, he sees BTC generating more than 4X gains from current levels before witnessing a cycle top. “Bitcoin still facing crucial resistance. If this breaks, then we’ll be seeing…
Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw its largest GBTC outflow since March 25. ETF Momentum Waning? GBTC shed $303 million on the day, which was around 4,300 BTC. Its total outflow since the fund was converted to a spot ETF in January is $15.8 billion, which is equivalent to 48% of…