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A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. The Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for DApp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes. Data from Cointelegraph… Source link

Bitcoin (BTC) has been unable to break from the 26-day-long descending channel. Investors are uncomfortable holding volatile assets after the United States Federal Reserve pledged to reduce its $9 trillion balance sheet. While inflation has been surging worldwide, the first signs of an economic downturn showed as the United Kingdom’s retail sales fell 1.4% in March. Moreover, Japan’s industrial production dropped 1.7% in March. Lastly, the U.S. gross domestic product fell 1.4% in the first… Source link

Charles Hoskinson, a founder of the Cardano blockchain platform and co-founder of the Ethereum blockchain platform, argues blockchain removes a central party and allows for people to work in a decentralized way. Charles Hoskinson, a founder of the Cardano blockchain platform and a co-founder of the Ethereum blockchain platform, provided insight into the technology and where it’s headed, noting that it removes a central party and allows for people to work in a decentralized way.  Source link

Bitcoin (BTC) topped out at around $46,000 on April 4 before freefalling back to $38,000, causing much frustration among crypto traders who have been so used to the market’s unreal returns in the past two years after the March 2020 crash.  February and March showed signs of recovery, especially after the steep declines in December and January. But, the question is, why has the bullish momentum suddenly come to a halt? Continued S&P 500 correlation The correlation between crypto and equities,… Source link

Good morning, and welcome to Protocol Fintech. This Tuesday: Otherside’s downside, Robinhood vs. Munger, and Wikimedia drops crypto. Off the chain How long will crypto’s gravy train for consumers last? Crypto.com is cutting back its crypto-linked card rewards and eliminating staking rewards. Its native CRO token tumbled as a result. A marketing land grab means big handouts in the name of customer acquisition: That’s not new to crypto. What is new is how quickly those may disappear this… Source link

BTC continued to trade below $40,000 prior to Wednesday’s FOMC meeting, as crypto markets anticipated a potential rate hike. ETH was also trading close to its long-term support level, with many hoping for an end to current bearish sentiment, after tomorrow’s announcement. Bitcoin BTC was trading below $40,000 on Tuesday, as the world’s largest cryptocurrency was marginally above its long-term price floor. Earlier today, BTC/USD fell to an intraday low of $38,156.56, which is… Source link

Marco Bello/Getty Images News What Is The Current Situation With Bitcoin? Bitcoin (BTC-USD) has traded in a range for the past few months, but in the crypto world, you’re never far removed from some excitement. For one, Miami Beach hosted the Bitcoin 2022 conference in April. With over 25,000 people attending in person, the conference was more than twice the size of last year–featuring a 1.5-ton bull sculpture, a Steve Aoki concert, and people selling yacht timeshares. Data by YCharts

Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them.  The nation’s largest plan administrator said… Source link

At this point, I am still bearish, but I also recognize that we are in an area where we could see short-term recovery in Litecoin. Litecoin fell a bit on Monday to pierce the $100 level. However, we have recovered a bit to form a bit of a hammer, so it is like likely that we will continue to bounce around in this area. That being said, if you remember, I had mentioned a couple of weeks ago that we kept making lower highs, and that does suggest that we could very well break down through all of… Source link