Bitcoin avg transaction fee rises 937.7% in 24 hours

98% of liquidations on BitMEX yesterday were long positions, indicating over-exuberant pre-halving bullishness at $10,000. Yesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin.According to market data…

The cybersecurity company behind major antivirus software NOD32, ESET, reported on June 17 that new Android malware sidesteps Google’s SMS permissions restrictions to get hold of two-factor authentication (2FA) codes received via SMS.Per the report, some malicious apps are capable of accessing one-time-passwords sent to users via SMS by circumventing the restrictions recently implemented by…

The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin. 581 Total views 10 Total shares As the Bitcoin correction deepens, the fear, uncertainty, and doubt has returned, with billionaire hedge fund manager Ray Dalio adding a whole bunch more of it.In an interview with Yahoo Finance’s editor-in-chief on March 24, the…

The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down 560 Total views 31 Total shares Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two…

The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing. 725 Total views 11 Total shares The United States Federal Reserve Board sees payment stablecoins as a form of money, Chair Jerome Powell said during questioning at the House of Representatives Financial Services Committee’s…

Michael Ackerman faces up to 20 years in jail if convicted of fraud following his guilty plea. 987 Total views 13 Total shares The man behind a multi-million dollar cryptocurrency scam has pleaded guilty to fraud this week according to the U.S. Department of Justice.Ohio man Michael Ackerman could face up to 20 years inside…

When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis. 257 Total views 3 Total shares Own this piece of history Collect this article as an NFTFully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize…

Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.