[ad_1] Bitcoin (BTC) whales, significant holders of the cryptocurrency, have reignited their purchasing activity after a brief pause following Bitcoin’s record high in March. According to market intelligence firm CryptoQuant, there has been a notable increase in the 30-day percentage change in whale address holdings, suggesting a renewed interest in accumulating Bitcoin at current price levels. In March, whales had boosted their BTC holdings by more than 9.8%. While their accumulation persisted into April, the growth rate slowed to 4.2% by May 1, coinciding with a significant market downturn that saw Bitcoin’s price drop by over 20% to below $57,000.…
Author: dfrancis36
[ad_1] Binance France has undergone significant restructuring as it aims to ensure compliance with regulatory standards in the European Union. The decision, disclosed by the company today (Tuesday), involved the replacement of Co-Founder Changpeng Zhao with two new shareholders.Restructuring Ownership amidst Regulatory ComplianceThe move comes amidst efforts to safeguard Binance’s operations in France, the second-largest economy in the EU, where regulatory frameworks mandate that the majority shareholder of a company must not have a criminal record. Zhao, who previously held 100% ownership of Binance France, pleaded guilty to breaching US banking laws in November.In compliance with French regulations, the new…
[ad_1] Bitcoin Magazine recently sat down with Lisa, founder of Bitcoin++ and the Base58 Bitcoin Developer course, to discuss her work and vision for structured education in the Bitcoin space. Lisa’s journey in the Bitcoin space has been multifaceted. Currently working part-time with Blockstream on core Lightning projects, she also operates Base58, a platform designed to provide mid to senior-level developers with in-depth knowledge of Bitcoin technical development. This initiative stems from her belief that structured education can significantly enhance the Bitcoin development community’s capabilities.“Structured education is hard, like good curriculum,” Lisa stated. “The pathways someone shows you to your information…
[ad_1] A widely followed analyst and trader who accurately predicted the 2018 Bitcoin (BTC) bottom six months prior is expressing bullish sentiment on the 48th-largest crypto asset by market cap. The analyst pseudonymously known as Bluntz tells his 260,300 followers on the social media platform X that FLOKI (FLOKI) is forming an uptrending stair-step pattern on the daily chart. According to Bluntz, FLOKI is poised to reach “escape velocity soon.” In technical analysis, a stair-step pattern consisting of alternating higher highs and higher lows signifies bullishness. A stair-step pattern consisting of lower lows and lower highs suggests bearishness. Stair-step patterns…
[ad_1] Mt. Gox, the defunct Bitcoin (BTC) exchange that suffered a major collapse in 2014 has recently initiated payout distribution to creditors waiting for it. The release of a substantial amount of BTC, equivalent to $9.4 billion, on May 27th has raised concerns about potential market liquidity and price stability. In response, the on-chain market intelligence platform CryptoQuant has provided an analysis of the potential impacts of this development. Potential Market Effects According to the firm’s analysis, 138,000 Bitcoin moved significantly from Mt. Gox in seven transactions, each worth 4,000 to 32,000 Bitcoin. Initially, these funds were transferred to a…
[ad_1] Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the “universal settlement layer for all blockchain and non-blockchain applications.” With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one, according to an emailed announcement on Thursday. Rollups are a way of bundling transactions to improve throughput and lower transaction costs. The system plans to start operating on the Ethereum testnet in January next year. Metis will be the first network to…
[ad_1] Memecoins linked to former US President Donald Trump and celebrity Caitlyn Jenner surged on Monday following Trump’s weekend endorsement of cryptocurrency. Newly minted tokens like MAGA on Ethereum and JENNER on Solana experienced dramatic price increases, with JENNER soaring 500-fold in the last 24 hours. MAGA Token’s Meteoric Rise The MAGA token, named after Trump’s “Make America Great Again” slogan, launched less than two weeks ago and has risen 150% in the last 24 hours. Its market value peaked at $300 million on Monday, with over $74 million in trading volume. Variants of MAGA and TRUMP tokens on Solana…
[ad_1] Ryan Salame, once a high-ranking executive at the cryptocurrency exchange FTX, has been sentenced to more than seven years in prison for fraud charges and conspiracy to operate unlicensed money-transmitting business, the Financial Times reported. Ryan Salame, aged 30, pled guilty to election fraud charges and conspiracy to operate an unlicensed money-transmitting business. His crimes were linked to Sam Bankman-Fried’s crypto empire FTX, which crumbled in late 2022. Salame is among four former top FTX managers who admitted guilt, joining Caroline Ellison, Nishad Singh, and Gary Wang. However, unlike his colleagues, Salame did not testify against Bankman-Fried.In March, Bankman-Fried…
[ad_1] In this interview, renowned actors and artists Vincent D’Onofrio and Laurence Fuller give an insight into the creative process behind their artwork ‘No Fear, No Greed, No Envy’. It is the latest work of the collaborative initiative Graphite Method and represents a fusion of film history, digital art and poetic expression immortalized as a Bitcoin Inscription. What is special about the artwork is that the frame of the triptych and the word poem change daily at 19:19 UTC. https://ordinals.com/inscription/97180c1a34fd5dbbdf3afcc5fc3708af63d0bb486fe224bdb7f0e2d4bb51efd7i0STEVEN REISS: ‘No Fear, No Greed, No Envy’ is your fascinating new project. Can you share with us the inspiration behind…
[ad_1] A crypto strategist known for going against crowd sentiment is warning that Dogecoin (DOGE) will likely take a dip even if Bitcoin (BTC) breaks out to new all-time highs. Pseudonymous analyst Credible explains to his 395,500 followers on the social media platform X how DOGE could fall regardless of BTC’s next move. “Right so two main ways something like DOGE would reject and bleed down: 1. BTC rejects and bleeds down.2. BTC prints an absolutely chad of an impulse candle which is so big and strong that the collective attention of the space shifts to BTC for a period…