Avalanche Blockchain’s X and C Networks See Brief Outage
The C-chain is home to Avalanche’s DeFi community, as that’s the chain that hosts smart contracts and is used with MetaMask. The X-chain is the exchange chain, and is used to send funds back and forth, while the P-chain is the platform chain and is used for staking AVAX and serving as a validator.
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Bitcoin Price Indicator is Most Bearish Since December
markets View Bitcoin’s weekly moving average convergence divergence (MACD) histogram is reporting strongest bearish bias since December, suggesting the cryptocurrency may soon dive out of a narrowing price range. Daily chart indicators are also biased bearish. A range breakdown, if confirmed, would open the doors for a drop below $9,000. A range breakout would imply…

German Government Shuts Down 47 Exchanges, Says They’re Tied To ‘Illegal Activity’
German authorities shut down dozens of crypto platforms they say were connected to the illicit movement of assets. The exchanges weren't properly tracking their customers' activity, according to the Federal Criminal Police Office. The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto

BlackRock’s Bitcoin ETF Snaps 71-Day Inflow Streak, Data Show
BlackRock's spot bitcoin ETF did not draw any investor money on Wednesday, the first such instance since the fund's inception three months ago.Inflows have slowed this month, taking the wind out of the bitcoin bull run.BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, fell out of favor on Wednesday

The Changemaker: Glen Weyl Puts His Radical Ideas Into Action
May 7, 2020 at 17:43 UTCUpdated May 7, 2020 at 17:44 UTCConsensus:DistributedThe Changemaker: Glen Weyl Puts His Radical Ideas Into ActionCOVID-19 is the great leveler. Glen Weyl, like all of us, is cooped up in his apartment. “Love? The bleach stuff is fine for downstairs, I think,” he says to his wife from the other end…

Crypto’s Interest in Rates
It appears crypto investors have been enjoying time away from the trading desk during the late summer months.With some exceptions (a flurry of excitement around potential bitcoin spot ETFs and trading enforcing upper and lower price support levels), they appear to be less focused on their holdings and more focused on other matters, including taking

Sam Bankman-Fried’s Terrible, Horrible, No Good, Very Bad Day
Sam Bankman-Fried began his testimony like the brilliant former golden boy from crypto’s better days. He ended the longest, strangest, most torturous day yet of his criminal trial more imperiled than ever before.“Part of the problem is that the witness has what I'll simply call an interesting way of responding to questions,” Judge Lewis Kaplan

Alameda Research Receives $57M From Crypto Exchange OKX
Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Crypto wallets tied to Alameda Research, the trading unit tied to bankrupt crypto exchange FTX, today received millions of dollars worth of tokens from crypto exchange OKX.Data from the…

Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots
Rachel-Rose O’Leary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art and philosophy. These days I spend most of my time tweaking the code of a bitcoin wallet that runs in…