Daily digest for Start living with Crypto!, on May 2, 2024

Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for … Read on blog or Reader Start living with Crypto! Read on blog or Reader Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin May 2 Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data […]

The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi's ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as… Read on blog or Reader Start living with Crypto! Read on blog or Reader Defi's TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains May 2 The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi's ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […]

Riot's net income was boosted by a 131% year-on-year increase in Bitcoin's price despite the cryptocurrency becoming more difficult and expensive to mine. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin miner Riot Platforms reports record $211M Q1 net income May 2 Riot's net income was boosted by a 131% year-on-year increase in Bitcoin's price despite the cryptocurrency becoming more difficult and expensive to mine.

Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagf… Read on blog or Reader Start living with Crypto! Read on blog or Reader Peter Schiff Declares Bitcoin in Bear Market Amid US Economy's Stagflation Reality May 2 Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, "but already a current reality." Peter Schiff […]

The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem. Read on blog or Reader Start living with Crypto! Read on blog or Reader Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch May 1 The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem.

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. "I will remain a passive investor (and holder) i… Read on blog or Reader Start living with Crypto! Read on blog or Reader Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase May 1 Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. "I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important," Zhao emphasized. CZ: Binance […]

Bitcoin's prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin traders set $50K price target after BTC falls below key support level May 1 Bitcoin's prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.

The result of May 1's Federal Reserve minutes, Bitcoin miners' robustness and increasing stablecoin demand in China could be signs that BTC has bottomed. Read on blog or Reader Start living with Crypto! Read on blog or Reader 3 signs hint that Bitcoin price is nearing a bottom May 1 The result of May 1's Federal Reserve minutes, Bitcoin miners' robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the rev… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value May 1 In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, […]

On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still "remains elevated."… Read on blog or Reader Start living with Crypto! Read on blog or Reader Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains 'Uncertain' May 1 On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still "remains elevated." No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […]

Bitcoin's drop to $56,500 crushed bullish traders' sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging? Read on blog or Reader Start living with Crypto! Read on blog or Reader Price analysis 5/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB May 1 Bitcoin's drop to $56,500 crushed bullish traders' sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging?

Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in A… Read on blog or Reader Start living with Crypto! Read on blog or Reader NFT Sales Dip Over 31% in April; Ethereum, Solana Experience Sharp Declines May 1 Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales […]

While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K? May 1 While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000.

Meme coin fans think "serious" crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots. Read on blog or Reader Start living with Crypto! Read on blog or Reader Meme coins: Betrayal of crypto's ideals… or its true purpose? May 1 Meme coin fans think "serious" crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots.

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale's Bitcoin Trust (GBTC) has offloaded … Read on blog or Reader Start living with Crypto! Read on blog or Reader US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million May 1 On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale's Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […]

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin L2s set to explode as Runes congest BTC network May 1 High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin L2s set to explode as Runes congest BTC network May 1 High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside? Read on blog or Reader Start living with Crypto! Read on blog or Reader Is Bitcoin price bouncing at 57K? Here's why these levels are key May 1 Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?

Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside? Read on blog or Reader Start living with Crypto! Read on blog or Reader Is Bitcoin price bouncing at 57K? Here's why these levels are key May 1 Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?

During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fal… Read on blog or Reader Start living with Crypto! Read on blog or Reader Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard May 1 During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings' shares have dropped more than 28% […]

Bitcoin's technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today's price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predomin… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist May 1 Bitcoin's technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today's price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores […]

Bitcoin's current price action is "hardly a surprise" given the extraordinary bullish action leading up to the fourth halving. Read on blog or Reader Start living with Crypto! Read on blog or Reader The reasons Bitcoin price is down 11% since the halving May 1 Bitcoin's current price action is "hardly a surprise" given the extraordinary bullish action leading up to the fourth halving.

PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP… Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets May 1 PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight […]

Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company's Moscow offices to demand their digital assets. Beribit's management has attributed the delay in processing withdrawal requests to an audit ini… Read on blog or Reader Start living with Crypto! Read on blog or Reader Russian Crypto Exchange Unable to Process Withdrawals; Angry Users Try to Storm Offices May 1 Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company's Moscow offices to demand their digital assets. Beribit's management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange's balance sheet. Balance Sheet Discrepancies About 50 users of the Russian […]

A majority of the crypto community criticized the US government for its indictment against Ver, and a few users called it a part of the larger anti-crypto stance of the Biden administration. Read on blog or Reader Start living with Crypto! Read on blog or Reader Crypto veterans call out DOJ for targeting Roger Ver a decade after he left US May 1 A majority of the crypto community criticized the US government for its indictment against Ver, and a few users called it a part of the larger anti-crypto stance of the Biden administration.

Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin's dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the secur… Read on blog or Reader Start living with Crypto! Read on blog or Reader Blockchair's Lead Developer Expresses Concerns Over Bitcoin's Security Budget May 1 Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin's dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After the issuance of Runes following the halving, fees have returned to normal levels. Blockchair's […]

Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February. Read on blog or Reader Start living with Crypto! Read on blog or Reader Bitcoin price loses $60K support to hit 2-month lows May 1 Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February.

Billions of dollars worth of Bitcoin are trapped in digital limbo. Discover the strange world of lost Bitcoin and what it means for the future of cryptocurrency. Read on blog or Reader Start living with Crypto! Read on blog or Reader What happens to lost Bitcoin? May 1 Billions of dollars worth of Bitcoin are trapped in digital limbo. Discover the strange world of lost Bitcoin and what it means for the future of cryptocurrency.

The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank's direc… Read on blog or Reader Start living with Crypto! Read on blog or Reader Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts May 1 The Central Bank of Nigeria has directed four fintech companies to cease the creation of new accounts, citing their potential use by cryptocurrency traders. An executive from one of the affected fintech companies has associated the Central Bank's directive with a current audit of the Know Your Customer (KYC) procedures implemented by these firms. Fintech […]

The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and research fi… Read on blog or Reader Start living with Crypto! Read on blog or Reader Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari May 1 The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield […]

Crypto traders are stressing that the Bitcoin price correction is "exactly what the cycle needs" right now. Read on blog or Reader Start living with Crypto! Read on blog or Reader 'Pretty ordinary stuff' — Traders seem unfazed by Bitcoin correction May 1 Crypto traders are stressing that the Bitcoin price correction is "exactly what the cycle needs" right now.

Animoca Brands, a Hong Kong-based game software company, has announced its partnership with the Opal Foundation to enter the Bitcoin ecosystem, leveraging the Opal Protocol to develop the largest Web3 ecosystem encompassing gaming, Defi, entertainment, e… Read on blog or Reader Start living with Crypto! Read on blog or Reader Animoca Brands Joins Forces With Opal Foundation to Build Expansive Web3 Ecosystem on Bitcoin May 1 Animoca Brands, a Hong Kong-based game software company, has announced its partnership with the Opal Foundation to enter the Bitcoin ecosystem, leveraging the Opal Protocol to develop the largest Web3 ecosystem encompassing gaming, Defi, entertainment, education, and culture. The initiative, backed by the BLIF token and propelled by the recent introduction of NFTs via ordinals […]

CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven't shown any signs of capitulation. Read on blog or Reader Start living with Crypto! Read on blog or Reader 'No signs' of Bitcoin miner capitulation despite plummeting revenue May 1 CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven't shown any signs of capitulation.

Tether, the giant behind the world's largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that wil… Read on blog or Reader Start living with Crypto! Read on blog or Reader Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division May 1 Tether, the giant behind the world's largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives that merge tech and human potential. Tether Dabbles in Biotech, Acquires $200 Million […]

Start living with Crypto! © 2024. Manage your email settings or unsubscribe. Get the Jetpack app Subscribe, bookmark, and get real-time notifications - all from one app! Automattic, Inc. - 60 29th St. #343, San Francisco, CA 94110