The Relative Strength Index (RSI) at 38 indicates that Bitcoin is nearing oversold territory, suggesting that there could be a buying opportunity if sentiment shifts positively. The 50-Day Exponential Moving Average (EMA) at $65,223 provides near-term resistance, indicating a bearish trend unless BTC can sustainably break above the pivot point. Unlock Cryptocurrency Rewards: Join the...
Chainlink Labs director of capital markets Ryan Lovell said traditional finance is not the best use case for tokenization, but real-world data is. Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential market size in the hundreds of trillions of dollars. 1/ The tokenized RWA opportunity is measured...
Bitcoin core developer Luke Dashjr criticized the Runes protocol in a Friday X post, suggesting it exploits a fundamental design flaw within the Bitcoin blockchain network. In his post, Dashjr highlighted the contrasting nature of Ordinal Inscriptions and the Runes protocol in their interactions with the network. Ordinals exploits vulnerabilities. Runes merely exploit design flaws....
Zach Bruch, the Founder and CEO of online crypto casino MyPrize, sat down with Cryptonews Podcast’s Matt Zahab for a comprehensive interview. He talked about MyPrize emerging from stealth and already onboarding nearly 100,000 users. Bruch also discussed why online casinos are a perfect vehicle for bringing more people into the crypto space. Moreover, the...
A concerted effort to crack down on the use of cryptocurrencies in the buying and selling of child sexual abuse material (CSAM) is underway in the United States, spearheaded by Senators Elizabeth Warren and Bill Cassidy. The senators are asking federal agencies about their technical capacity to combat crypto payments in the sale of child...
New powers that will make it easier for UK law enforcement agencies to seize crypto come into effect on Friday. This comes after the UK Parliament passed new legislation last year, dubbed the ‘Economic Crime and Corporate Transparency Act.’ This Act expanded the authority of local law enforcement and laid the foundations for crypto to...
Hackers exposed more information about El Salvador’s state-run Bitcoin wallet, Chivo, on April 23 after publicly leaking the personal data of its millions of users earlier this month. Hacker group CiberInteligenciaSV released part of the software wallet’s source code on BreachForums – a black hat hacking forum. El Salvador Hackers Strike Again “This time I bring...
As Bitcoin (BTC/USD) hovers around $66,980, up approximately 1%, attention intensifies on its upward trajectory, potentially surging towards $70,000. Recent developments in the cryptocurrency market, particularly the influx of $59.7 million into U.S. Bitcoin ETFs after a period of outflows, signal a shift in sentiment. As institutional players like Grayscale’s GBTC near 300,000 Bitcoins, and...
Coca-Cola inked a $1.1 billion five-year partnership deal on April 23 with Microsoft to explore and integrate the tech company’s cloud and artificial intelligence (AI) solutions across the beverage giant’s global operations. According to the Coca-Cola AI agreement with Microsoft, the beverage production company will collaborate on experimenting with its Azure cloud computing platform. Coca-Cola...
Jack Dorsey’s payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system. In a recent blog post, Block unveiled its accomplishment of designing a standalone three-nanometer (3nm) Bitcoin mining chip and disclosed that it is currently collaborating with a leading global semiconductor foundry to finalize the chip’s design. However,...