The Bitcoin decentralized application (DApp) ecosystem has experienced a resurgence with the introduction of native protocols following the creation of Ordinals and Inscriptions.One such project, SolvBTC, an omnichain monetization protocol, has amassed $700 million in total value locked (TVL) in monetized Bitcoin issued on the Arbitrum, Merlin, and BNB chains. In a statement to Cointelegraph, SolvBTC developers claim that the protocol recently surpassed 10,000 BTC staking and attracted “over 92,000 participants” shortly after launching earlier this month. “Bitcoin’s liquidity revolution is a necessary prerequisite for a true explosion of BTCFi,” said SolvBTC founder Ryan Chow. “In the near future, SolvBTC…
Author: Crypto Flexs
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Bitcoin (BTC) prices have continued to retrace since the halving, putting the market into a broad net redistribution regime, cooling off its “euphoric phase,” according to a Glassnode report. Sell-side activities. Selling pressure was reactivated as Bitcoin rose to $73,000.Bitcoin price has seen an impressive rise so far in 2024, with the flagship cryptocurrency hitting a new all-time high on March 5. BTC has since corrected, consolidating within the $60,000 and $67,500 price range over the past two weeks.Using cumulative trend scores, the market intelligence company reported that BTC’s rise to all-time highs revealed a regional distribution pattern that reflects…
This warning is related to a consensus issue that occurred in block 116,522 of the Frontier network mined on 2015-08-20 14:59:16+02:00. Problem solved. See “Modification” below. effect: High Problem Description: Possible deletion of accounting data during the SUICIDE command causes a state database consensus issue in geth. Implementations affected: All geth implementations including versions 1.0.1, 1.1.0 and develop (“Unstable 1.1.0”) has been affected. Eth (C++) and pyethereum (Python) are not affected. Impact on expected chain reorganization depth: Increase final block confirmation waiting time to 12 hours. Suggested workaround: Miners will switch to eth or pyethereum as soon as possible. Improvement…
Bitcoin (BTC) prices plummeted on April 30 after a spot BTC exchange-traded fund (ETF) was launched in Hong Kong without much success. Despite expectations of $140 million in demand, total trading volume, including the Ethereum (ETH) ETF, on opening day was only $12.4 million. Accordingly, the Bitcoin futures premium fell to its lowest level in five months, signaling a bearish outlook.Negative pressure comes from weak macro conditions and US spot BTC ETF flows.It is important not to jump to conclusions because other factors also affect the price of Bitcoin. This includes reduced investor confidence in the ability of the US…
April 30, 2024, New York, USA, Chainwire First major contemporary artist to adopt Bitcoin blockchain LiveArt proudly presents Human by Yue Minjun, the contemporary art giant’s first Ordinals collection. This pioneering collection of 1,200 unique digital masterpieces on the Bitcoin blockchain chronicles pivotal moments that defined the digital age. With over $150 million in physical and digital art sales, Yue Minjun’s iconic laugh resonates louder than ever. “The Bitcoin blockchain has unparalleled reliability and permanence in the cryptocurrency world. We brought Yue Minjun to Bitcoin Ordinals because the blue-chip artists of the art world are the blue-chip blockchains of the…
7 days ago, Hedera Hashgraph’s HBAR soared to a yearly high of $0.17. BlackRock’s rebuttal of intervention was added to HBAR’s sharp revision. Now the widening of the Bollinger Bands suggests further price volatility for HBAR. Hedera Hashgraph’s (HBAR) fairytale run over the past week is set to come to a halt as the 60% gain for the 30th largest cryptocurrency by global market cap has all but evaporated. However, after charging $0.1761, Layer-1’s underlying HBAR plunged another 9% this Tuesday, experiencing six consecutive days in the red.BlackRock’s Misconception About RWA TokenizationThe sharp decline comes after BlackRock refuted statements that…
April 29 Bitfinex Alpha | As Interest in Alts Spreads, Opportunities to Buy Bitcoin Appear Post time: 12:31h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe Currently, two important Bitcoin on-chain indicators indicate potentially lucrative buying opportunities. The market value to realized value (MVRV) measure, along with the open interest (OI) weighted funding ratio, suggests a potential entry point for investors. The OI-weighted funding ratio was positive last week, indicating an increased preference for long positions. Moreover, the MVRV ratio, currently at 2.21, suggests that Bitcoin may be undervalued. This is…
Bitwise CIO Matt Hougan said the United States’ adoption of a comprehensive stablecoin legislature could mark the long-awaited mainstreaming of cryptocurrencies. In a note to clients, Hougan theorized that stablecoin regulation could have a much larger impact than the wildly successful spot Bitcoin (BTC) ETF. “The launch of a Bitcoin ETF in the U.S. is typical of this transition, but it is not the only path. Other examples include BlackRock launching a tokenized Treasury fund on the Ethereum blockchain, Europe passing comprehensive cryptocurrency legislation, and Ray Dalio urging investors to own “non-debt currencies” like Bitcoin. “There are things like that.”…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportAfter the Hong Kong spot bitcoin and Ethereum In ETFs A relatively successful first day Compared to cryptocurrency futures ETFs, some cryptocurrency industry observers believed this would send a message to China and Asia as a whole. However, the CEO of ChinaAMC and OSL, the sub-custodian of the Harvest Global ETF, believes this configuration is wrong.“Some people may see this as a message to mainland China,” said Patrick Pan, OSL…
Future must-pass Federal Aviation Administration legislation will likely not include any future stablecoin legislation as lawmakers struggle to get the bill across the finish line.According to a Democratic aide, it is unlikely that a stablecoin bill will be included because House and Senate leaders have said the FAA will “clean up” the bill that lawmakers were trying to attach.Lawmakers including House Financial Services Committee Chairman Patrick McHenry, R-N.C., ranked Rep. Maxine Waters, D-Calif. Senate Majority Leader Chuck Schumer did the same. According to reports There was discussion about attaching the bill to the upcoming FAA reauthorization that could accompany the…