A global prediction market platform has raised $70 million in funding from prominent investors as the 2024 US Presidential Election looms. According to a new press release, Peter Thiel’s Founder’s Fund, Ethereum (ETH) founder Vitalik Buterin and others have invested $70 million in the betting platform Polymarket. Founders Fund led the $45 million Series B fundraising efforts, joined by […]

TL;DR Rune Etchings Plummet: The once-promising surge in Rune Etchings on the Bitcoin network has dramatically declined. Over the past six days, daily new Rune etchings dropped below 250, with only 157 Runes etched on Monday—a staggering 99% decrease from the late April peak. Rise and Fall of Rune Protocol: Initially, the Rune protocol experienced rapid growth, […]

In a landmark move, Wisconsin has become the first U.S. state to invest in bitcoin, underscoring the growing institutional interest in cryptocurrencies. The State of Wisconsin Investment Board, which manages over $156 billion in assets, purchased 94,562 shares of Blackrock’s Ishares Bitcoin Trust, worth nearly $100 million, and also acquired shares of Grayscale’s Bitcoin Trust […]

To enhance financial services for customers across the UK and European Economic Area (EEA), OpenPayd, an embedded finance and Banking-as-a-Service (BaaS) platform, has announced a strategic partnership with Wirex, a Web3 money app. This collaboration aims to fortify easy, fast, and secure payment solutions. Forging Alliance for Virtual IBAN Payments Under the newly forged partnership, […]

Founders: Roy Sheinfeld, Roei Erez and Yaacov Slama Date Founded: 2018 Location of Headquarters: Remote Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes Number of Employees: 11 Website: https://breez.technology/ Public or Private? Private Roy Sheinfeld says the time for orange pilling is through. Sheinfeld, one of the three founders of Breez, […]

Polkadot’s community approved a network upgrade to improve smart contract functionality and developer accessibility. Pop Network offers an ink!-enabled parachain with easy APIs, simplifying the creation of cross-chain applications using DOT. Despite Polkadot’s innovative technology, its DOT token struggles in the market, currently down 88% from its all-time high of US$55. Polkadot has just made […]

Prominent banks like UBS, BNP Paribas, and the Bank of Montreal are investing in Spot Bitcoin ETFs, with BMO holding four ETFs worth US$6.3 million. The State of Wisconsin Investment Board (SWIB) allocated nearly US$141 million to Bitcoin-related funds, including BlackRock’s iBIT and Grayscale Bitcoin Trust. Institutional investments from conservative entities like pension funds could […]

BlockDAG Leads Cryptocurrency Innovation, Surpassing Ripple And Arbitrum’s Market Moves Within the dynamic world of cryptocurrencies, platforms such as Arbitrum, Ripple, and BlockDAG are capturing the attention of investors. Arbitrum continues to excel within Ethereum’s Layer 2 solutions, while Ripple manages challenges from ongoing legal proceedings. Amid these developments, BlockDAG stands out with its ambitious […]

Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated […]

Crypto investors have flocked to unofficial GameStop memecoins because they’re jumping on any “sign of hope they can,” say traders.

Breathing in a renewed aura of anticipation, the cryptocurrency realm is witnessing an intriguing turn of events. Astute investors appear less …

A widely followed cryptocurrency analyst and trader believes Bitcoin (BTC) is gearing up for a big bounce. The analyst pseudonymously known as Credible Crypto tells his 393,300 followers on the social media platform X that Bitcoin could reclaim the $68,000 level within days. “Not much has changed here folks, but lots of alts are now […]

One US state is revealing large holdings in two significant Bitcoin (BTC) trusts. New 13-F Filings with the U.S. Securities and Exchange Commission (SEC) reveal that The State of Wisconsin Investment Board has BTC exchange-traded fund (ETF) holdings with Blackrock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC) totaling near $163 million. IBIT and GBTC are the top two Bitcoin-based ETFs by trading […]

xAI Founder Elon Musk reacts to recent news about OpenAI and Stack Overflow deal

Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. Shiba Inu has particularly done well and witnessed a […]

PRESS RELEASE. Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates on the TRON blockchain. Super Representatives are responsible for producing blocks and packing transactions to help ensure blockchain governance on the TRON network. This initiative builds on TRON’s collaboration with Google Cloud […]

The services of cryptocurrency exchange Coinbase have been restored after a “system-wide outage” of over three hours. The exchange confirmed that its functionalities are “now fully recovered.” Coinbase is now fully recovered. We appreciate your patience and apologize for the inconvenience. https://t.co/AAzEMPaJGL — Coinbase Support (@CoinbaseSupport) May 14, 2024 Withdrawal Issues Persist However, many Coinbase […]

In the Netherlands, open source developers are now liable for how their software is used. Alexey Pertsev, a 31-year old Russian national living in the Netherlands and one of the developers of the Ethereum-based privacy tool Tornado Cash, was today found guilty of money laundering by the Dutch court: he’s been sentenced to 64 months […]

Salim Ramji spoke highly of Bitcoin and blockchain technology when overseeing BlackRock’s spot Bitcoin ETF filing.

TL;DR Tether Freezes Funds: Tether has frozen 5.2 million USDT tokens linked to 12 Ethereum addresses suspected of money laundering by phishing groups, highlighting increased security measures in the crypto space. Historic Actions: This is part of a series of proactive freezes by Tether, including a past collaboration with OKX that led to the “largest-ever freeze of USDT” involving […]

TL;DR The halving of Bitcoin mining rewards has significantly affected miners income. The temporary increase in transaction fees provided relief, but these fees have decreased again. There is a possibility that miners will be forced to sell their BTC reserves, which could negatively impact the market. The recent halving of Bitcoin mining rewards, an event […]

Banks are increasingly investing in Bitcoin through US-listed Spot ETFs. Recent SEC filings reveal investments by major banks including BNP Paribas and UBS, indicating growing institutional interest. Despite scepticism about crypto’s stability, banks hold significant positions in Bitcoin ETFs like iBIT and Grayscale. Banks are increasingly moving to adopt Bitcoin, and many do so via […]

Brazil’s GDP of US$1.92 trillion and a population of 218 million make it Latin America’s largest economy with growing crypto integration. Crypto usage among Brazilians is increasing, with trading volumes rising faster than in the United States. Brazilians show a strong preference for stablecoins, seeking USD stability amid local currency fluctuations. With a population of […]

BlockDAG Captures London’s Piccadilly Circus, Triggers $25.3M Presale, Challenging Injective Price Prediction & Avalanche Growth Making a spectacular appearance at London’s iconic Piccadilly Circus, BlockDAG‘s global presence signalled a burgeoning wave of interest and excitement across the crypto landscape. This pivotal event showcased BlockDAG’s impressive reach and its potential to rival the anticipated bullish trends […]

The movement of stolen cryptocurrency from the Poloniex hack in November 2023 is far from over. Although Poloniex claimed to have identified the attacker weeks later and offered a $10 million reward, the stolen funds were never returned. In the latest development, PeckShield, a blockchain investigation company, found that more than half of the stolen […]

A closely followed crypto strategist believes that astronomical gains are on the horizon for an altcoin initially built on the Ethereum (ETH) blockchain. Analyst Ali Martinez tells his 62,100 followers on the social media platform X that the native asset of a supply-chain management project VeChain (VET) appears to be mirroring its previous cycle’s market […]

400k Linux Servers Hacked to Mine Cryptocurrency … A new report from cybersecurity researchers at ESET has uncovered a massive botnet comprised of …

According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead. This […]

This technical event occurs against backdrop of market uncertainty, adding to speculation about ADA price action

Deutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest stablecoin, Tether.

After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volume fell from $2.1 trillion in March to just under $1.3 trillion in April. Cryptocurrency Exchange Volumes Plummet Post-Bitcoin […]

The following is an excerpt on the debasement of marriage from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book. LOVE HAS BEEN debased. In the past, love referred to the virtues present in enduring, intimate relationships. It demanded sacrifice, discipline, and patience. […]