Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E
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Ripple (XRP) Soars 5% Daily, Bitcoin (BTC) Loses $28K (Market Watch)
After charting a three-week high at almost $28,500 yesterday, bitcoin started losing value rapidly and currently stands below $28,000. Most altcoins are also calmer today following yesterday’s gains, aside from Ripple and Lido DAO. BTC Slips Back Below $28K The primary cryptocurrency had a relatively quiet week as its 7-day price range went into its…
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The European Central Bank (ECB) has finalized prototypes for a digital euro as it prepares to take a decision later this year over whether to develop the EU's fiat currency in a new format, according to reports released on Friday.The ECB says its potential central bank digital currency (CBDC) can be designed to boost innovation…
Crypto Storage Firm Qredo’s Revamped Self-Custody Wallet Goes Live
Crypto storage technology firm Qredo has revamped its self-custody wallet platform, bringing to market a cheap, open source option for institutional crypto traders that no longer want to risk allowing digital assets to be held by others in centralized situations.Like the earlier version of the protocol, New Qredo, announced on Tuesday, uses clever key sharding…
DWF Labs Commits Seven-Figure Investment to Outer Ring MMO: A New Era of Gaming Begins
[PRESS RELEASE – Please Read Disclaimer] In an exciting development, DWF Labs has pledged long-term financial support to the Outer Ring MMO, injecting a substantial seven-figure investment. This strategic funding infusion will accelerate the development of their groundbreaking video game and propel the growth of their immersive blockchain ecosystem. Prepare for an exhilarating 3rd-person shooter…
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are valid, prosecutors said in court filings from Monday.In early May, Bankman-Fried filed pretrial motions to dismiss most charges levied against him by U.S. prosecutors, with his defense arguing procedural issues, the…
Bitcoin Headed for First Monthly Loss in Six Months
Bitcoin (BTC) has regained some poise since last Thursday, but the cryptocurrency still appears on track for its first monthly loss since December.The leading cryptocurrency by market value traded near $27,800 at press time, a 7.5% rise from lows under $25,900 registered last week. However, prices were still down about 5% for the month, the…
Volatility Ahead as Bitcoin (BTC) Set to Move Out of Equilibrium: Glassnode
In its weekly on-chain report, analytics provider Glassnode cautioned that there is likely to be a big move ahead for BTC following a period of low volume and volatility. “Given the extremely low volatility, and narrow trading ranges of late, it seems this equilibrium is soon to be disturbed,” it noted. Bitcoin jumped 4% on…
Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Transaction volumes on Cardano-based decentralized exchange (DEX) Minswap spiked over the past few days as traders likely scoured the network for profit opportunities on meme coins.Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows. Minswap is the largest application on Cardano by locked…