The Art of Making CryptoCurrency
Bitcoin ETFs posted a $1.81 billion net inflow for the week ending May 2, marking their 3rd consecutive week in the green. Ether ETFs also saw another week of gains, pulling in $106.75 million and extending their rebound. Bitcoin ETFs Keep Winning Streak Alive As Ether ETFs Follow with $106 Million The streak continues for […] Source link
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While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to the fiat-linked crypto ecosystem. Fiat-Linked Tokens Expand Amid Market Volatility As of press time on Sunday, the stablecoin economy holds a valuation of $239.108 billion, requiring an additional $892 million to surpass the $240 […] Source link
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Acting SEC chair rejects enforcement, first US bank-issued stablecoin, Bitcoin’s four-year cycle at crossroads, and more in this Week in Review. Week in Review Acting SEC Chair Uyeda called for clear rulemaking over enforcement to provide much-needed guidance to the industry. The first U.S. bank-issued stablecoin on a permissionless blockchain—Ethereum—has launched. Bitcoin’s price remains relatively […] Source link
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IRS issues crypto relief, XRP market update, the Bitcoin quantum computing debate, and more in this Week in Review. Week in Review The IRS announced temporary tax relief for crypto holders on centralized exchanges in 2025. XRP broke key resistance, trading around $2.36–$2.40, with bullish momentum suggesting a potential target of $2.90. In Bitcoin news, […] Source link
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I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace. As I took Ron’s outstretched, virtual hand for a handshake, my actual hand — in the real world — clumsily whacked into the side of my desk. Ron from Microsoft showing how to use hand gestures to interact with the menu and other useful shortcuts in the Immersed app. Ron started laughing, his avatar’s animated facial…
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Circle’s United States dollar stablecoin, USD Coin, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current USD Base Coin (USDbC) that most users rely on as a substitute. Native $USDC on @BuildOnBase. Coming next week. #StableSeptember. Let’s go! https://t.co/oqfI0ZZhCn — Jeremy Allaire (@jerallaire) August 29, 2023 Coinbase’s Base network launched on Aug. 9. At the time, no native version of USD Coin (USDC) existed on the network. Users could not deposit…
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Bitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say. After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts. It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback. There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do…
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Bitcoin (BTC) is fighting for the bull trend as the new week begins with the market acting within a crucial zone. After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds. The stakes are already high, with last week seeing a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come. While this has not materialized, nerves remain on both shorter and longer timeframes. Where is price action likely headed…
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The number of Ordinals inscriptions on the Bitcoin (BTC) network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million in just the last eight days. While the Ordinals protocol was initially used to mint images as non-fungible tokens (NFTs), users began to realize that they could use text-based inscriptions to create fungible tokens in a similar way to those minted via the ERC-20 token standard on the Ethereum (ETH) network. The total number of Bitcoin Ordinals inscriptions since December 14. Source: Dune Analytics These text-based inscriptions,…
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