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The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.  The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. Bitcoin (BTC) is en route to its most… Source link

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Illustration: Aïda Amer/Axios The Threshold Network has announced plans for a new decentralized bitcoin bridge to Ethereum, allowing the original cryptocurrency to be used on the largest programmable blockchain. Why it matters: As holders of the oldest and most valuable cryptocurrency, many bitcoin investors want to use it to earn yield in decentralized finance (DeFi), something they can’t do on the Bitcoin blockchain. But they also want to avoid the counterparty risk of trusting a single… Source link

Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets. “The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.7 billion in cash remittances was sent from U.S.-based Filipinos to the Philippines, according to Statista data. “As far as the technology we build, it’s one of… Source link

The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions. The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol. The world’s second-largest memecoin Shiba Inu (SHIB) has been once again in the news as the Bermuda Privacy DAPP now allows users to transfer… Source link

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin’s dominance index was as low as 38.84%. The index typically rises when most crypto investors reduce their exposure to smaller tokens and seek safety in Bitcoin. The reasons include Bitcoin’s better liquidity and lower volatility than alternative cryptocurrencies,… Source link

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices… Source link

Big Eyes Coin (BIG) has some big shoes to fill, but it seems like it’ll reach if targets – if not pass them entirely. Currently, in stage 10 of its presale, it has already raised an incredible $20 million, a number which grows every single day. Big Eyes is a meme coin during a time of oversaturation after the successes of Dogecoin (DOGE) Shiba Inu (SHIB) in 2021, which has led to many pump-and-dump schemes cropping up to take advantage of the new interest. Having the ability to develop… Source link

Bitcoin Well Online User Growth Online user growth over the last several months EDMONTON, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or “Company”) is pleased to announce executive promotions alongside a company update in advance of our Q4 and Year End 2022 financials. The Company is excited to report the promotion of Allen Stephen, CPA, CA as an official member to the Board of Directors. Allen has been an integral part of our team over the… Source link

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