MicroStrategy revealed its latest innovation today, a decentralized identity (ID) platform built on the Bitcoin network, named MicroStrategy Orange, at the MicroStrategy World: Bitcoin for Corporations 2024 event. JUST IN: MicroStrategy launches an enterprise platform for building decentralized identity applications on #Bitcoin — MicroStrategy Orange 👀 pic.twitter.com/P5PXz80kSD — Bitcoin Magazine (@BitcoinMagazine) May 1, 2024 “Today, I’d like to […]

Bitcoin price extended losses and settled below $60,000. BTC is now consolidating losses near $58,000 and remains at risk of more downsides in the near term. Bitcoin extended losses and traded below the $60,000 zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a major bearish trend line […]

TL;DR Pike Finance, a cross-chain lending protocol, was exploited for the second time in less than a week, leading to losses of over $1.6 million. The exploit was carried out on the Ethereum (ETH), Arbitrum (ARB), and Optimism (OP) blockchains. The attacker exploited a vulnerability in Pike Finance’s smart contracts, using the initialize function to insert malicious code. […]

TL;DR Fantom Foundation has launched a $6.5 million development fund in its native cryptocurrency, FTM, to promote the development of safer memecoins. The foundation’s CEO, Michael Kong, aims to replicate the success of other blockchains by introducing measures to protect memecoin projects against fraud and scams. The strategy includes a prize pool of 10 million […]

BlockDAG Expands Crypto Payment Options & Announces 4-Month Vesting Period As Tonecoin Transforms Digital Payments Amid Declining BNB Supply Telegram aims to integrate Toncoin into its ecosystem to facilitate ultra-fast and secure transactions directly through chat. At the same time, BNB plans to reduce its supply over time to shorten it as demand increases. BlockDAG […]

Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms. The update also focuses on automatizing interest rates based on market conditions with Chainlink data […]

Tech mogul Elon Musk has issued acute tweet about easy way to support free speech

MicroStrategy has already built an application on “MicroStrategy Orange” — Orange For Outlook — which integrates digital signatures into emails to verify the identity of the sender.

By the end of 2021, India had 15 homegrown cryptocurrency exchange platforms, furiously working the trading and selling aspect of the with more than …

HodlX Guest Post  Submit Your Post   DeFi (decentralized finance) has been nothing short of a revolution. Its startling promise – to upend traditional financial systems and usher in an era of unprecedented accessibility, transparency and autonomy. From humble beginnings, this new ecosystem has undergone explosive growth, now boasting a fervent global following and billions in […]

Korok Ray, Bitcoin researcher and Associate Professor at the Mays Business School at Texas A&M University, announced plans to launch The Bitcoin Research Institute to drive academic research at the intersection of Bitcoin and artificial intelligence. At the MicroStrategy World: Bitcoin for Corporations 2024 event, Ray made note of Bitcoin’s potential to enable secure multi-party […]

Ethereum price started another decline and traded below $2,920. ETH could gain bearish momentum if there is a close below the $2,800 support zone. Ethereum remained in a bearish zone and traded below the $2,900 zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line […]

TL;DR Dogecoin (DOGE) faces a 15% weekly price decline but shows potential for recovery with a rise in non-empty wallets, hinting at increased demand. Shiba Inu (SHIB) and Bonk Inu (BONK) also exhibit signs of resurgence; SHIB, through network upgrades and token burns, and BONK with a significant price increase, positioning it among the top […]

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […]

Unfortunately, digital gold could not withstand existing selling pressure

U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.

TL;DR Vitalik Buterin highlights the importance of security in cryptocurrency management. Recommends the use of multisig wallets to protect digital funds. Warns of the risks associated with storing salvage seeds and offers safety alternatives. Vitalik Buterin, well-known co-founder of Ethereum, has shared valuable recommendations about security in the world of cryptocurrencies. In a context where […]

TL;DR Tether Holdings reported a record net profit of $4.52 billion in the first quarter of 2024. Most of the profits came from financial operations with Bitcoin and gold. Transparency and stability were highlighted with the disclosure of his net worth and the support of his stablecoins. Tether Holdings reported a record net profit of […]

Hong Kong ETFs underperform on their debut with approximately USD $12 million in volume. Bitcoin is potentially facing its worst monthly close in 16 months, yet it’s still up 45% since the start of the year. Bitcoin trading volume has decreased by approximately 65% since February. Is a drop below $60,000 imminent? Bitcoin stuck within […]

Best Crypto for the Future: BlockDAG Lures Filecoin Holders with $22M Presale and 100M Liquidity Amid Optimism (OP) Price Prediction Crypto contenders are showcasing varied performances: Optimism (OP) price prediction surged by 20% to $2.63, driven by excitement in Ethereum Layer-2. Meanwhile, Filecoin dipped 1.8% to $6.48 due to the SFIL China incident. On the […]

The leading US-based crypto exchange by trading volume is adding support for Bitcoin (BTC) payments platform Lightning Network. In a new announcement, Coinbase says it is giving users a choice in how to send BTC payments by integrating the Lightning Network. “Starting today, Coinbase is rolling out support for the Lightning Network enabling instant, low-cost Bitcoin transfers. Users will have the […]

The TDR Three Key Takeaways regarding Cryptocurrency Crime and India: India-U.S. operation exposes significant cryptocurrency abuses.

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. We’re Looking For The Next Top Bitcoin Fund Manager! Bitcoin Magazine Pro in partnership with Samara […]

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 […]

Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.

Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales […]

Roger Ver supporting Ripple was factor in its problems, believes Ripple CTO

[PRESS RELEASE – Berlin, Germany, May 1st, 2024] The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members through daily Nektar Drops, which can be earned by participating in predefined […]

Macro guru Lyn Alden thinks that Bitcoin’s (BTC) ascent to prominence en route to becoming a giant asset class will take more than 10 years. Speaking at an event organized by the What Bitcoin Did podcast, Alden says people tend to think that technologies like Bitcoin will immediately disrupt the incumbent system. However, Alden highlights […]

A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment. On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th. Explains Santiment, “These spikes in whale activity historically correlate with potential price reversals. […]

TL;DR Market Crashes: The crypto market saw a dramatic plunge, with nearly $400 million liquidated in 24 hours, heavily impacting investors as Bitcoin dropped below the crucial $60,000 support level. Volatility Spike: An unexpected shift in market dynamics led to a surge in short position liquidations, causing a minor price rebound, though the market remains unstable and speculative. […]

TL;DR Senator Cynthia Lummis denounces the US Department of Justice’s restrictive stance on private cryptocurrency wallets. Lummis argues that the DOJ’s position contradicts Treasury guidance and undermines the decentralized essence of cryptocurrencies. The controversy arises in recent cases where the DOJ is seeking criminal charges against non-custodial wallet software developers. Senator Cynthia Lummis (R-WY) has […]