April 2022 | Page 23 of 153 | Last Cryptocurrency News Feed

Bitcoin Is Venice: Scaling In Layers

Bitcoin enables "natural" scaling, including layered money à la Lightning, which fulfills this only because of the base layer’s functionality. Get the full book now in Bitcoin Magazine's store. This article is part of a series of adapted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is available for purchase in…

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Bybit Launches Crypto Options Trading

The Singapore-headquartered digital asset exchange – Bybit – expanded its services, enabling crypto options trading. Upon launch, users will be able to trade USDC options and perpetuals through portfolio margin, which employs a risk-based model for experienced investors to increase fund utilization on the underlying price and volatility. Bybit’s Newest Feature According to the document…

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The Current State Of Public Bitcoin Mining

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.The below is a full, free 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…

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Here’s why the growth of token staking could be bullish for Lido (LDO)

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer. As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is one…

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Flare Network Receives Grant to Connect Bitcoin With Algorand

EMV-compatible layer 1 protocol, Flare, has received the Algorand Foundation Bridges SupaGrant to build a bridge that will connect the Bitcoin network with Algorand. Flare to Bridge Bitcoin and Algorand The grant partnership between both firms will help boost the growth of the Algorand ecosystem and the DeFi industry at large. In an official press release…

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Ethereum on-chain data hints at further downside for ETH price

Analyzing Ether's (ETH) current price chart paints a bearish picture which is largely justified by the 11% drop over the past month, but other traditional finance assets faced more extreme price corrections in the same period. The Invesco China Technology ETF ($CQQ) is down 31% and the Russell 2000 declined by 8%.Ether price at FTX,…

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US Senate confirms Lael Brainard as Fed vice chair

In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. 107 Total views 2 Total shares After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member…

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Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. 1579 Total views 19 Total shares The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk's purchase of Twitter began to…

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Ethereum scaling solution Optimism upgrades governance structure

Optimism Foundation will launch a governance token called OP to govern protocol and network parameters, and incentivize adoption. 266 Total views 5 Total shares The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract…

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Bitcoin is Not an Inflation Hedge, says Bank of Canada Official

Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated that digital assets “don’t meet the test” of a stable source of payment, or value. Another Banker Against Bitcoin Liberal MP Yvan Baker asked…