Author: CryptooTimes
With Bitcoin surging to $66,700, could a new all-time high be on the horizon, fueled by easing U.S. inflation and talk of Fed rate cuts? Bitcoin (BTC) has recently surged in price, reaching as high as $66,700 on May 16, with the current price standing at $65,800 levels. This uptick follows the release of the U.S. economic data. Inflation across the U.S. eased slightly last month, with the consumer price index (CPI) rising at an annual rate of 3.4% in April, down from 3.5% the previous month. CPI data suggests a potential downward trend in the cost of living, prompting…
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. Source link
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto it in a show of solidarity with the SEC. Although a number of high profile Democrats, including New York Sen. Chuck Schumer, voted in favor of overturning the bulletin, the Senate’s 60 to 38 vote on Thursday failed to cross the threshold to override a presidential veto. Source link
Nexera, a pioneering force in the realm of blockchain innovation and tokenization, proudly announced a significant enhancement to its Nexera Bridge infrastructure. This upgrade was made possible through the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a move poised to revolutionize cross-chain transactions. We are thrilled to announce a significant upgrade to Nexera Bridge by integrating @Chainlink’s Cross-Chain Interoperability Protocol (CCIP)! To complete this update, the Bridge will be in maintenance mode for 48 hours from 6:00PM CEST (4:00 PM UTC) today until 6:00 PM CEST… pic.twitter.com/SrHDaEJ5nC— Nexera (@Nexera_Official) May 14, 2024 X.com The Promise of Cross-Chain Tokenization The tokenization…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Bitcoin network’s security is based on the addition of new blocks to the chain, which miners are financially incentivized to produce. In turn, miners’ revenues comprise the transaction fees for all transactions included in a block that they mine as well as a block subsidy. However, the block subsidy will not last forever: it is halved every four years (most recently on April 19, 2024) and will trend to zero. It aims to support miners’ profitability…
Bitcoin bulls are enjoying 10% month-to-date gains currently, but one trader warns that the picture should soon look very different for BTC price action. Source link
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Significant developments have unfolded within Constellation Network, showcasing their progress and future vision in the Web3 realm. Notable among these updates are Ben Jorgensen’s insights into Web3 dynamics, Constellation’s strategic involvement in the DeRec Alliance, and the technological advancements highlighted by the Euclid SDK. We have provided a comprehensive overview of Constellation’s recent activities, emphasizing their commitment to promoting industry adoption and pioneering innovative solutions. Keep reading below for more details! Constellation Joins the DeRec Alliance The DeRec Alliance The DeRec Alliance plays a crucial role in the blockchain ecosystem by addressing one of the most significant challenges in Web3:…
China’s central bank digital currency is now available in Hong Kong, as Beijing is pushing hard to digitize its economy. China has started its first pilot outside the mainland, with digital yuan now available in Hong Kong‘s local shops, according to a press release from the Hong Kong Monetary Authority (HKMA). The digital yuan — also known as e-CNY — is now undergoing a pilot for cross-boundary payments. Currently, the use of e-CNY is limited to Hong Kong residents, allowing them to top up digital wallets with up to 10,000 CNY (approximately $1,385) through 17 retail banks in Hong Kong,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. MAR Mining offers a safe and convenient method for generating passive income through cloud mining. Since before this round of Bitcoin halving, the United States and Hong Kong have successively approved ETFs. This policy permission has made Bitcoin retail investment possible, which has greatly increased the investment value of Bitcoin. Therefore, before the halving, the price of Bitcoin hit a record high of $73,000. However, Bitcoin investment has always been subject to great volatility and risk. For example, as…
