[ad_1] Bitcoin and other cryptocurrencies rallied on Wednesday following U.S. inflation data that came in slightly below expectations, raising hopes that the Federal Reserve might start cutting interest rates later this year. The world’s largest cryptocurrency surged over 4% to above $69,500 shortly after the inflation report’s release. The Labor Department reported that the annual inflation rate decreased to 3.3% in May, down from 3.4% in April. While still elevated, the lower-than-expected inflation readings could prompt the Fed to ease its aggressive rate hike measures eventually. Crypto prices jumped on the news, with Bitcoin rising over $1,900 within minutes. Ether…
Author: dfrancis36
[ad_1] Civkit, a project attempting to revitalize the global peer-to-peer economy, announced the release of its first alpha version following over a year of dedicated development. The protocol aims to enable peer-to-peer trading in a decentralized manner, eliminating the need for a centralized order book. The design is architected around Nostr and Lightning, with a reputation system at its core.A team of anonymous developers, led by Nicholas Gregory (Commerceblock, MercuryLayer), has been working behind the scenes to bring this vision to life. “The project is funded by people in the global south. Much of the work has involved understanding their actual…
[ad_1] Euro-pegged stablecoin use is increasing amid new European crypto regulations that phase in over time, according to digital asset analytics firm Kaiko. In a new report, Kaiko says that the European crypto market is facing big changes as the regulations impacting stablecoins in the 2023 Markets in Crypto Assets (MiCA) law go into effect later this month. Says Kaiko, “Impending regulation in Europe is about to shake up the stablecoin market. Binance revealed plans to restrict stablecoins that don’t meet the bloc’s Markets in Crypto Assets (MiCA) standards last week. Elsewhere, reports suggest Kraken has been actively reviewing which stablecoins…
[ad_1] The Artificial Superintelligence Alliance (ASI) announced its token merger would be postponed to next month after presenting logistical and technical issues. The alliance was set to merge Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) into the ASI token on Thursday. As a result, the three AI tokens faced a 4% drop in the last 24 hours. Related Reading ASI Token Merger Postponed To July In March, Fetch.AI, SingularityNET, and Ocean Protocol, three leading AI blockchain projects, revealed their plan to merge into the ASI token. This move aims to develop a decentralized AI platform to foster technology advancements…
[ad_1] Riot Platforms (NASDAQ:RIOT) criticized Bitfarms (NASDAQ:BITF) for adopting a poison pill strategy to prevent a takeover, calling the move “shareholder unfriendly” and highlighting Bitfarms’ weak corporate governance. Riot stated on Wednesday that it had privately urged Bitfarms to remove its chairman and interim CEO, Nicolas Bonta, and to appoint at least two independent directors to its board. This dispute follows Riot’s unsolicited $950 million acquisition offer made in April, which Bitfarms rejected, deeming it undervalued. In response, Bitfarms approved a poison pill plan to block hostile takeover attempts. The plan specifies that if any entity acquires more than a…
[ad_1] MoonPay has announced the expansion of PayPal as a payment option to users in the European Union and the United Kingdom, following a successful launch in the United States last month. Now, MoonPay users in 24 EU member states and the UK can buy cryptocurrency using their PayPal accounts. PayPal Integration Draws Mature User BaseThe recent US launch, which has reached all users, showed strong demand for PayPal, becoming the third most popular payment method, overtaking Google Pay, and ranking just behind cards and Apple Pay. Nearly 90% of users who connect to PayPal complete a transaction, and new…
[ad_1] In a recent conversation with Christian Decker from Blockstream, Bitcoin Magazine’s Shinobi delved into the intricate politics of Bitcoin development. Decker, a lead Lightning developer, provided a candid look at the current competitive atmosphere where developers often find themselves entangled in political maneuvering rather than engineering matters. Decker did not mince words when describing the challenges developers face. “We have been trying way too long to be clever in as much that we try to sidestep the discussion of whether we want covenants, what kind of covenants we want, or introspection, as we like to call it,” he said. The…
[ad_1] Sports betting can be an exciting hobby but very few bettors actually manage to turn a long-term profit. The biggest mistake recreational bettors make is treating it as a form of entertainment rather than analyzing it as an investment. If you want to consistently beat the sportsbooks, you need to approach betting with the mindset of a professional investor.Implementing sound money management, taking advantage of valuable stats and trends, and understanding sports betting psychology or badminton odds, for example, are all key pillars for betting success. Here are insider tips on how to master these three areas and transform…
[ad_1] Major crypto analysts have weighed in on the Bitcoin future trajectory, especially as the flagship crypto has maintained a tepid price action and has continued to consolidate since the halving took place. These analysts predict that Bitcoin will soon rise and climb to a six-digit all-time high (ATH). Bitcoin To Rise To $100,000 Crypto analyst CrediBULL Crypto predicted in an X (formerly Twitter) post that Bitcoin would rise to $100,000 on its next leg up. He claimed that this upward trend would begin in the next seven to ten days, stating that BTC will “absolutely giga send” when that…
[ad_1] Company Name: BoltzFounders: Kilian and MichaelDate Founded: Project began in 2019 | Incorporated in 2023Location of Headquarters: Remote | Incorporated in El SalvadorAmount of Bitcoin Held in Treasury: 100% of treasury is BTCNumber of Employees: 5Website: https://boltz.exchange/Public or Private? PrivateSwapping sats between Bitcoin layers can be difficult, but Boltz makes it easier.Boltz is a non-custodial exchange that lets users send their bitcoin between the Bitcoin base chain, the Lightning Network and the Liquid Network.While Boltz is now used by both everyday bitcoin users and institutions alike, the platform, which is almost as old as the Lightning Network itself, was…