Budapest is set to erect a life-size bronze statue depicting Bitcoin creator Satoshi Nakamoto. The face features a reflective surface that symbolizes the unknown identity of Satoshi. Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary …
Category archives: Trending Crypto news
Former congressman Ron Paul: Bitcoin is money and should be taxed the same
Former congressman Ron Paul believes Bitcoin should be regulated and taxed the same as money. Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization …
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ConsenSys throws its weight behind Uniswap DeFi lobbying proposal
The controversial proposal is gaining the support of the big players. Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying. The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the …
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ECB says digital euro may be needed to combat ‘artificial currencies’
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments. In ECB’s annual review …
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Bitcoin hits $38K as BTC price breaks above ‘line in the sand’ resistance
All eyes are on whether Bitcoin can flip $37,500 to support for a continuation of bullish momentum. Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro …
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VC firm Borderless Capital floats $25M blockchain fund in Miami
The $25 million fund will be used to support Miami-based blockchain startups developing digital payment solutions on the Algorand network. Borderless Capital’s support for Algorand-based development has taken another incremental turn with the venture capital firm launching a new $25 million fund in Miami. In an announcement on Wednesday, the investment firm stated that the …
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Standard Chartered plans European crypto exchange after HSBC says ‘no’ to industry
A new joint venture with the owner of the first licensed Hong Kong exchange will focus on institutional clients in the U.K. and Europe. United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong …
Investors cautiously re-enter crypto funds while ETH vehicles show strength
Investors like the looks of proof-of-stake coins, while Ethereum leads the way. A new report from analytics firm Coinshares shows that while the market dip may not have ended, prices are now at levels where stock market investors are once again showing signs of interest in digital asset funds. A report published yesterday from Coinshares …
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Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’
Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.” The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout …
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Market makers in ‘fear mode’ ahead of Friday’s $575M Bitcoin options expiry
Bears’ misplaced belief that Bitcoin’s price would drop to $32,000 allowed Friday’s BTC options expiry to become unexpectedly balanced. On June 4, a total of 15,530 Bitcoin (BTC) options are set to expire, which represents $575 million in open interest. At the moment, bulls are still heavily impacted by May’s 37% BTC price correction, and …
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There’s a by-product of DeFi’s boom that is little talked about
We need to have a conversation about fractionalization, and why this by-product of DeFi’s boom must be properly addressed through the development of cross-chain integrations. Within the blockchain world, there’s endless talk about the importance of decentralization. But there’s a by-product from DeFi’s boom that is little talked about. Fractionalization is an unavoidable consequence of …
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Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour
The digital trees are a smash hit amid a demand drought for NFT projects. While the short-term market outlook for many NFT projects look uncertain, and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 nonfungible tokens (NFTs) in just under an hour. Nonfungible token studio …
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Altcoins and DeFi tokens breakout as Bitcoin price nears a key resistance
DOGE, KNC and KAVA are just a few of the altcoins that posted double-digit gains as Bitcoin and Ether rallied to key overhead resistance levels. Weary cryptocurrency traders awoke to the sight of green in the markets on May 2, as bulls managed to bid the price of Bitcoin (BTC) above the crucial “line in …
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Funding surpasses $2 million for this charity DAO
Multiple parties added capital to Endaoment, which aims to turn its ecosystem into a decentralized autonomous organization for donations — a charity for the people. Opportunities for cryptocurrency usage have risen over the years as digital assets have become more well known. One operation, called Endaoment, is aiming to put charitable giving in the hands …
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Price analysis 6/2: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH
Altcoins are picking up steam as the relief rally in Bitcoin and Ether gains traction. Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin …
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