Bitcoin maxi Michael Saylor said several cryptocurrency altcoins, such as Ethereum and Ripple, will not achieve institutional acceptance for the next decade. MicroStrategy Chairman Michael Saylor told attendees at the annual Bitcoin (BTC) For Corporations event that Wall Street regulators consider “everything below the stack” to be unregistered crypto-asset securities. “You could see the writing on the wall when the Bitcoin spot ETF was approved in January. “By the end of May, we will know that Ethereum will not be approved, and if Ethereum is not approved this summer, it will be very clear to everyone that ETH will be…
Author: Crypto Flexs
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Blast has seen explosive monthly growth in terms of new addresses. OP’s daily active addresses increased in May, while others saw their numbers decline. Layer 2 has generated quite a bit of buzz over the past few months due to its high network activity. As the first month of the second quarter comes to a close, Coin98 Analytics reports that the monthly report We highlight the status of several higher-order L2s, including: Optimism (OP), Arbitrage (ARB)zkSync Era and Base. L2 status in April According to a report by Coin98 Analytics, OP is valued at $138 million, surpassing other companies in…
According to Messari reportThe Polkadot (DOT) blockchain protocol made significant progress in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity in the first quarter (Q1) of this year, while also recording a record increase in daily active addresses. . DOT market capitalization surges 16% QoQ During the fourth quarter of 2023, Polkadot’s market cap grew 111% quarter-over-quarter (QoQ), reaching $8.4 billion. Based on this momentum, QoQ will increase by a further 16% in the first quarter of 2024. Circulating Market Capitalization It amounts to $12.7 billion. Despite these gains, DOT’s market capitalization remains 80% below its all-time…
London, UK, May 1, 2024, Chainwire Humanode, a Layer-1 blockchain built with the Polkadot SDK, has become the most decentralized blockchain network to date based on Nakamoto coefficient. With 706 active validator nodes, Humannode’s Nakamoto coefficient is 236, surpassing the previous runner-up, Mina, which had a Nakamoto coefficient of 155. Currently, Polkadot is in third place. The Nakamoto coefficient is a measure of the number of node operators required to control the share of a layer 1 blockchain, enough to shut down the network if a validator modifies it. The larger the number, the more decentralized the blockchain is. “Proof-of-stake…
A few minutes ago, many of you created and loaded Ethereum Genesis blocks, marking the start of Frontier, the first live release of the Ethereum project. that much Development Team Please join me in thanking everyone for their support over the past year and a half. It’s amazing to see the progress that has occurred since those humble beginnings. first commit The vision of a censorship-resistant ‘world computer’ that anyone can program and where you only pay for what you use and nothing more is now a reality. Many of you will want to get started right away. Please check…
Cardano’s open interest is stuck between $0.68 and $0.447, showing a lack of speculative sentiment in the market. However, buyers are willing to push the value higher for higher resistance so that the token can eventually reach $1. Fibonacci is trending downward and so is the 1-day RSI. The latter represents 35. The 1-day RSI opens up the possibility of further decline in the value of ADA. The CMF indicator shows the potential for buying pressure in the market. This comes after Cardano has been trying to test the $0.52 resistance for some time. The ecosystem rejected the bull’s recovery…
FriendTech’s native Friend token fell sharply after launch from trading above $10 to $1, falling more than 90% before recovering slightly.The data also shows that the token was briefly trading at $169. According to DexScreener, it is currently trading at $1.4.The web3 social media platform’s native token currently has nearly 18,000 holders and a circulating supply of approximately 14.5 million. Most of the sales were made while reporting by multiple users. X They still couldn’t claim the airdrop. Crypto investor Luke Martin said: “I watched the value of my airdrop drop from 7 figures to 5 figures in 2 hours…
Zurich, Switzerland, May 3, 2024, Chainwire Galaxis is preparing to launch its token on Bybit this month, with the first phase launching through an IDO. To further enhance this launch, Galaxis has announced a significant $1,000,000 Community Creator and Community Member Grant Program. This initiative encourages both community creators and members to actively participate in the Galaxis ecosystem. Known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, Galaxis fosters the Web3 creator movement by providing a platform for creators to profit from their work. A distinctive feature of the platform is custom membership cards. This card is…
Bitcoin (BTC) bulls are attempting a rebound by pushing the price above the psychologically important level of $60,000. Veteran trader Peter Brandt said in anAnalysts are optimistic about Bitcoin’s long-term prospects, but do not expect an upward trend to begin in a hurry. According to a Bitfinex Alpha market report, Bitcoin could remain range-bound for a month or two, “with swings of $10,000 on either side.”Daily view of cryptocurrency market data. source: Coin360Traders are likely to closely monitor Bitcoin exchange-traded funds on the spot. Bitcoin ETFs saw outflows of $563 million on May 1, according to Farside Investors data. This…
Originally published on Unchained.com.Unchained is Bitcoin Magazine’s Official US Co-Managing Partner and an essential sponsor of related content published through Bitcoin Magazine. Please visit our website to learn more about the services offered, our storage products, and the relationship between Unchained and Bitcoin Magazine. For newcomers, especially those nearing retirement age, the idea of investing in or owning Bitcoin can evoke reactions ranging from skepticism to disbelief. But if you look beyond the popular story, you’ll see that there’s more to the story than first impressions might suggest. Here are six reasons why you should own at least some Bitcoin…