SEC committed “gross abuse of power” according to Utah judge March 20, 2024 As Bitcoin makes a lower low and tries to find an area of demand, it seems the investment phrase “sell in May and go away” is being front run. Is this the beginning of a period of consolidation for crypto after several months of “up only?” Or, are markets simply de-risking ahead of today’s Federal Reserve meeting to determine interest rates?
Solana brushes off market-wide correction amid Memecoin run March 19, 2024 Last week was an intense one even by crypto standards. We saw Bitcoin break all time highs and then decline by 15%. Solana also breached $200 and saw record breaking levels of usage. However, potentially the most ludicrous was the launch of The Book of Meme (BOME) and the beginning of a new trend.
Ethereum will become the backbone of a new financial system March 18, 2024 Looking back, the rise of blockchains and Ethereum as the foundation of the new financial system will seem equally inevitable. Last week, Ethereum developers launched the new Dencun upgrade. It significantly reduces the cost of transactions on so-called 'Layer 2s.'
Building Blocks: understanding the layers of blockchain technology March 18, 2024 All good things have layers. There are layers in good food, layers in good clothing and layers in good technology. Take for example a mobile phone. Here we have mobile networks, physical mobile devices, different operating systems and then the different apps available on the operating system. Each of these parts of a phone are layers: The network is Layer 1; the Operating system is Layer 2; and then App stores/apps are Layers 2/3.
MicroStrategy raises another $500 million to enter “The 1% Club” March 15, 2024 Michael Saylor and MicroStrategy are once again upping the ante. On Wednesday, the “Bitcoin Development Company” stated they are raising another $500 million in convertible notes to fund further Bitcoin acquisitions. This follows a nearly $800 million raise last week with 12,000 Bitcoin, or $822 million, scooped up over last weekend.
Bitcoin breaks new all-time high as daily ETF inflows exceed $1 billion March 14, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Yesterday was yet another new Bitcoin all-time high. On Tuesday, a sharp wick down to test the previous all-time high of $69,000 was quickly eaten up by hungry institutions. [...]
Ethereum exceeds $4,000 as Dencun day lands March 13, 2024 Today is the day of the long-awaited Ethereum Dencun upgrade. Dencun will reduce Layer 2 transaction fees and involve “blobs” and "Proto-dank sharding". On Monday, Ethereum punched above $4,000 for the first time since December 2021. This new cycle high has happened even in the face of the perceived diminishing likelihood of an Ethereum spot exchange-traded fund (ETF) being approved by the SEC.
THORChain breaks volume records as Bitcoin passes $72,000 March 12, 2024 Yesterday, Bitcoin finally properly broke above its fabled $69,000 resistance with Michael Saylor FOMO'ing in his $800+ million from his convertible note offering. However, another protocol has also been making record highs. Last week, THORChain, the decentralised liquidity protocol, had record volumes of over $2.7 billion.
Dial R for Regulation March 11, 2024 2023 saw more publications and developments in global policy and regulation for digital finance than any previous era in financial regulation. Jurisdictions are racing to build their frameworks to attract new capital, talent, regulated firms, and innovative business models.
Love them or hate them, Memecoins are a new paradigm March 11, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets While all eyes are on Bitcoin and the question when, not if, it will break its All-Time-High price, another group of tokens has taken the market by storm: Memecoins. [...]