The global crypto markets have witnessed a notable rebound following a jumble period, with Bitcoin spearheading the recovery by surging over 15.2% from its recent lows experienced at the beginning of May ($56,715). Climbing above $65,350 for the first time since April 24, Bitcoin’s resurgence has infused renewed optimism into
South Korea’s charities and contribution campaigns may take a hit as digital currencies are not included in the country’s recently revised donation laws. According to Kyunghyang Shinmun, a local media site, the Ministry of Public Administration said on May 5 that they had submitted modifications to South Korea’s “Donations Act”
For the second month in a row, venture capital financing for cryptocurrencies has exceeded $1 billion. According to RootData, the total financing for April amounted to $1.02 billion, spread over 161 investment rounds. This is a little decrease from March, when $1.09 billion was reported from 186 rounds. Two consecutive
Bluesky is a decentralized social media network that Jack Dorsey, co-founder of Twitter and Twitter CEO in 2019, created and financed. Dorsey has since resigned from his position on the board of directors. In a post on May 5, Bluesky acknowledged Dorsey’s departure, said that it was “searching for a
Bitcoin (BTC) eased its bearish week by rebounding above $64,000 after a 1.5% spike in the last 24 hours. Last week, BTC dipped to its 10-week low of $56,552. BTC laid a “bullish hammer” weekly candle, closing the week positively. Notably, a bullish hammer candle often indicates the possibility of
The Bitcoin network has hit a monumental milestone, processing its one billionth transactions. This historic event took place as transaction 1,000,000,000 was mined into block 842,241 on May 5, as per data from Clark Moody’s Bitcoin dashboard. Since Satoshi Nakamoto mined the network’s first block on January 3, 2009, Bitcoin
BlockDAG has dwarfed the competition in the crypto market with a staggering $22.6 million presale. Even as the Bitcoin Minetrix presale ends, reflecting a tumultuous period for crypto investments, BlockDAG’s robust sales and innovative X1 awaited launch signal a new era of growth and investor confidence in the blockchain domain.
Twitter co-founder Jack Dorsey has donated $21 million to the nonprofit OpenSats, demonstrating significant support for the future of Bitcoin and decentralized social media. His belief that Bitcoin is the de facto money of the internet is reinforced by this behavior. This investment from Dorsey’s #startsmall campaign will boost all
The most recent research from Fidelity Digital Assets indicates that pension funds are becoming more open to the prospect of pursuing crypto asset investment exposure. At a London event, Fidelity Digital Assets VP Manuel Nordeste saw that investment committees of defined benefit plans and other pension funds are in the
With US nonfarm payrolls coming in substantially lower than predicted, raising the possibilities of a dovish stance by the Fed, the price of Bitcoin soared quickly after the announcement of the data on May 3, Friday. The seven-day losing streak for US Bitcoin ETFs came to an end as a
