BTC price clings to $62K as Bitcoin bulls suffer post-halving 'boredom'

May 8, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.

Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some nuggets of useful information. You can think of it as an exercise in financial esoterics to uncover the hidden…

zkSync unveils new network of ‘Hyperchains’ — Testnet by end of year

Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.It’s a modular framework for a series of ZK-powered custom blockchains called yperchains, which will operate as a new layer on top of the existing layer-2 protocol. The chains will be composable and interoperable, enabling…

‘Two cops on the beat’: Regulator wants sole authority to charter fintech firms

The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms. 4060 Total views 15 Total shares Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving…

$8.5K Then $3K — This Trader’s Bitcoin Price Call Is Playing Out to a T

The Bitcoin price (BTC) has recovered strongly from $5,200 to $7,200 in the past two weeks, despite the declining appetite for high-risk assets including single-stocks and cryptocurrencies. One prominent trader predicted the entire price movement of Bitcoin since its initial drop from $10,500 to sub-$6,000, and in the medium-term, the digital asset’s trend remains gloomy.Crypto market…

Sealing the Deal: The Rise of Blockchain-Powered Trade Finance Platforms

Although they don’t hold the same disruptive promise of radical decentralization as do their permissionless counterparts, private blockchains that governments and corporations run are still capable of transforming entire sectors of the world economy. Global trade has long been viewed as one of the most conspicuous areas for instrumental application of distributed ledger technology (DLT),…

Bitcoin’s 20% rebound in one day is one of its biggest ever — But there’s a catch

The price of Bitcoin (BTC) rose 20% on Jan. 12 from $30,500 to around $36,600 across major exchanges. But while the rebound after the correction has been strong, there are two warning signs.BTC/USDT 1-hour price chart (Binance). Source: TradingView.comFirst, the funding rate in the futures market remains high. The funding rate is a mechanism that incentivizes…

Memecoin sends BTC fees to the moon, miner profits top $50B and more: Hodler’s Digest, April 30-May 6

Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction costs to their highest point in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached…

XRP, TON win approval in Dubai International Financial Centre free trade zone

The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well. 77 Total views 1 Total shares The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to

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