Bitcoin

Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number of Wrapped or Synthetic Bitcoins Held on Ethereum Declines In the last few years the use of wrapped, bonded or synthetic bitcoins has increased… Source link

Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service of the government of Finland, announced Thursday that it has sold “legally forfeited” bitcoins. “During the… Source link

The pencilled-in preliminary date for The Merge, revealed by the Ethereum developer Superphiz, is less than two months away and the announcement seemingly caused a number of developments to happen. First off, the network’s native token ether saw a significant spike in value and secondly, Ethereum’s hashrate has dropped 18.21% since June 30. Data also shows that the number of ethereum stored on exchanges has seen a massive drop, as roughly 25.13 million ether was once held on… Source link

Speculation is that some investors have turned to bitcoin in order to protect their holdings from the impacts of hyperinflation. But what exactly does that mean? People are drawn to everything they can run to in order to protect themselves from inflation, which has reached unprecedented highs. The bitcoin assets are assumed to be inflation-resistant, despite evidence to the contrary. However, things quickly become unclear if you discover that each cryptocurrency is unique, and some are… Source link

Bitcoin moved towards $22,000 to start the weekend, as prices consolidated following Friday’s gains. Price uncertainty has heightened in crypto in the aftermath of recent rallies, which has pushed several tokens towards overbought territory. Ethereum also slipped on Saturday. Bitcoin Bitcoin (BTC) prices fell on Saturday, as price uncertainty in crypto markets continued to heighten following recent gains. The world’s largest cryptocurrency fell by over $1,000 in the past 24 hours,… Source link

Argentina, a country battered by sky-high inflation, is restricting Bitcoin traders from buying U.S. dollars at the official exchange rate in a bid to tame capital flight.  In a Thursday announcement, the country’s central bank said that those who have bought Bitcoin or any other digital asset in the past 90 days with pesos will not be able to access the single free exchange market (Mercado Único y Libre de Cambio—MULC) and buy dollars at the official rate.  The idea is to stop money… Source link

The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals on July 20. Bitcoin/USD 1-day price. Source: TradingView Bulls’ hopes depend on the $23,000 support strengthening as time goes by,… Source link

Ether (ETH) was up 9% on the day, extending this month’s spectacular rally, with a 52% price gain in July alone. On Thursday, Ethereum co-founder Vitalik Buterin spoke about the network’s upcoming Merge at the Ethereum Community Conference in Paris. He said that in terms of Ethereum’s overall network development, the protocol will be “55% complete once we finish the Merge.” Thus, there is much more work for developers ahead. Source link

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Mario Garcia said it hurts to breathe. The tear gas tossed into his poorly ventilated, tin-roofed prison cell, where he was packed in with dozens of other men, took a while to disperse. He had pain in his side, broken ribs, and other internal injuries yet to be diagnosed. Garcia said he saw five men die in the 24 days he was imprisoned after an anonymous tipster accused him of being a gang member. But he’s grateful — to God, he said, and especially to his president, Nayib Bukele — that… Source link