Longing for liquidity — 5 things to know in Bitcoin this week
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Bitcoin (BTC) Headed for Massive Price Moves Soon, According to This Metric
Although typically regarded as a volatile asset with major price fluctuations, bitcoin has been stuck in a tight range for the past several days. However, all that could change in the following days, at least according to similar historical developments. Aside from a price dive on May 12 to a two-month low, BTC’s recent performance…
U.S. Debt Deal Could Weigh on Bitcoin Price, Some Say
As the deadlock in negotiations to raise the U.S. government's $31.4 trillion debt limit keeps markets tentative, some analysts have gone against consensus, warning that a potential deal may bring pain to the crypto market.The U.S. reached its statutory debt limit of $31.4 trillion on Jan. 19., pressing the Treasury to implement extraordinary measures and…
President Biden Refuses Debt Deal Friendly to Crypto Traders
Speaking at the final day of the G7 summit in Japan, U.S. President Joe Biden addressed ongoing debt default talks saying he would not back a deal that supports tax cheats and crypto traders. “I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at…
Immutable and MetaStudio Announce Partnership to Enhance the Gaming Metaverse
[PRESS RELEASE – Braga, Portugal, May 22nd, 2023] MetaStudio, a renowned Portuguese game studio, has announced a new partnership with Immutable, a leading Ethereum Layer 2 scaling solution provider aimed at transforming the gaming metaverse. MetaStudio has been recognized for its innovative games and games-as-a-service offerings, along with its unique non-fungible token (NFT), Rune Realms,…
Ordinals Have Proven Demand On Bitcoin, But Fees Will Push Users To Layer 2
This is an opinion editorial by Steven Hay, a writer, former trader and art dealer.The Ordinals controversy is still simmering and seems set to flare up again soon. Although Ordinals’ block space usage had been trending down since March 23, 2023, the release of notable collections and a burgeoning mania for BRC-20 tokens seems to…
Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’
Bankrupt crypto lender BlockFi has withdrawn statements relating to a wind-down plan published May 13 following an order from a U.S. bankruptcy court, court filings show.The estate was required to issue a "corrective letter" clarifying that the documents were posted prematurely and without court approval, an emergency order issued May 18 by New Jersey Bankruptcy…
EOS Network Participants Should Consider Legal Action Against Block.one: EOS Foundation CEO
EOS Network participants should consider taking legal action against major investor Block.one (B1) for "broken promises" over its investment in the ecosystem, according to the founder of the EOS Network Foundation.Yves La Rose said legal action is one of two possible ways to hold B1 to account for not investing the $1 billion it promised…
First Mover Americas: Bitcoin Price Edges Lower, Tron Rallies
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin and stocks started the week on a hesitant note as uncertainty in markets continued. Bitcoin dropped back below $27,000 on Saturday and is down slightly over the…