Ethereum News Daily Official TheBitTimes.com

Bitcoin approaches the end of April barely moving as BTC price offers little short-term clues on trajectory. Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with markets witnessing an eerie calm despite the potential for volatility thanks to lower weekend liquidity. As such, traders were hopeful that no unwelcome surprises would greet the candle closes. $BTC / $USD - Update Stablecoin Sunday for # Bitcoin today please pic.twitter.com/4qphyAOssT — Crypto Tony (@CryptoTony__) April 30, 2023 “Nothing has changed,” popular trader Elizy summarized in part of recent Twitter analysis of the 3-day chart. Elizy eyed a potential ups

First Republic Bank is not the only bank at risk, 4–5 banks are currently facing bank deposit withdrawals in billions. Fed needs to print more money for rescuing cash-strapped banks on the brink of collapse. advertisement FDIC Receivership of First Republic Bank Likely This Weekend According to the Wall Street Journal, the FDIC receivership of First Republic Bank is to likely come this weekend. Moreover, banks including JPMorgan Chase & Co and PNC Financial Services are already preparing to buy First Republic Bank following the closure by the government. First Republic’s shares have been in free-fall since Monday, plunging over 75% to $3.51 at market close on Friday. During the after hours trading, FRC shares fell 33% to $2.33. Some Wall Street experts revealed that First Republic Bank is not the last to collapse as government agencies looking at four to five banks could fail in the coming months. Big banks including JPMorgan and PNC tried to prevent pr

Apr 28, 2023 at 10:44 // Price Author Coin Idol Ethereum (ETH) is held by the moving average lines, and unlike Bitcoin, the price movement has not risen above the 21-day line SMA or the resistance of $1,900. Long-term analysis of Ethereum price: bearish The largest altcoin is contained within the moving average lines. This means that neither further upward nor downward movement of the coin is possible. Either a breakout or a breakdown will result in Ether entering a trend. Ether costs $1,908.80 at the time of writing. The limited price range for the cryptocurren

Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped, and that the future of traditional international institutions like the International Monetary Fund (IMF) was uncertain. Russian FM Sergey Lavrov Thinks De-Dollarization ‘Can No Longer Be Stopped’ Russian Foreign Minister Sergey Lavrov referred to the current shift that international markets are taking away from the U.S. dollar in favor of national currencies. In a press conference after having addressed the UN Security Council, which he chaired, Lavrov stated that this movement to other currencies was unstoppable and that it would likely affect traditional finance institutions. According to the Russian news Agency TASS, Lavrov declared: The shift to settlements in national currencies bypassing

Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023. The county of Santa Cruz in northern California is one of the latest to adopt and implement the usage of blockchain-based solutions on a governmental level.  In a meeting of the Board of Supervisors for the County of Santa Cruz held on April 25, the members unanimously decided to go forward with implementing the usage of digital wallets, for government services and official documentation purposes. According to the final consensus of the meeting, the white-label digital wallet powered by HUMBL will launch a 3-stage pilot program starting in July 2023. Beta testers during the pilot period will be mobile users seeking to access government services such as bicycle registration and RV parking registration. Other potential pilots would be for registration of park facilities, tracking volunteer hours, over-the-counte

The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said. The United States must implement Stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of Stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance: “We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on

Bitcoin price currently trades at $19.8K, after an 8% fall. The 24-hour low and high are $19,895 and $21,796, respectively. Meanwhile, Ethereum price also dropped 8% and is trading at $1,421 at press time. The ETH price made a 24-hour low of $1,415 amid massive liquidation. advertisement After U.S. Fed Chair Jerome Powell hawkish comments and Silvergate Bank debacle, fresh fears were sparked by macro factors, President Joe Biden imposing a 30% tax on electricity use for crypto mining, and New York AG suing KuCoin amid the “Operation Choke Point 2.0“. Crypto Market Liquidation. Source: Coinglass Possibilities of Bitcoin Price Falling to $15K and Ethereum to $1K Bitcoin and Ethereum price s fall to $15K and $1K is not outside the realm of possibility. Worsening macro amid rising inflation indicates a move near the numbers again despite jobless claims showing signs of a slowdown in the labor market.

The new protocol burns coins on the sending chain, and mints new ones on the receiving chain. Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges. The team released a video on April 13 showing how the new protocol works. Unlike a traditional bridge, it doesn’t lock tokens sent to its contract. Instead, it completely destroys them and issues new tokens on the receiving network. Users can redeem these new tokens for bank deposits directly, by depositing the tokens with Circle or its partners. In the announcement, the team said that it expects CCTP to solve the problem of “f

Ethereum (ETH) is getting set for its next big upgrade after the September Merge, with the coming Shanghai upgrade. Litecoin (LTC) is another project heading for a blockchain upgrade with another halving event. The Merge failed to spur the price of Ethereum (ETH) and the market trend will determine the path of Litecoin (LTC). Analysts currently prefer the outlook for Uwerx which has niche crypto potential and is expected to see its price soar in the year ahead. Ethereum (ETH) Upgrade Releases Staked Tokens Ethereum (ETH) was the big focus of the crypto market in August and September last year after the project announced a long-awaited move to Proof-of-Work mining. The move made the project 99.9% more energy efficient but developers said late on that it would not solve the issues with gas fees and transaction speeds. The Merge happened around 15 September, but the price failed to push higher after the FTX collapse. Ethereum (ETH) currently has $28 around billion in Total Value Loc

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC).  In the motion filed on Friday, April 21 to have the SEC charges dismissed, Kwon argued the SEC’s claims are invalid, pushing back against the agency’s position that tokens including MIR, LUNA (LUNA) and UST are securities. Additionally, Kwon’s counsel said the agency lacked the proper jurisdiction to bring charges against Kwon and Terraform Labs because Terra's tokens and projects were “aimed at the world” and did not specifically target U.S. investors.  The South Korean district court recently dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA

Even though Floki Inu is not the most prominent meme coin out there, it has been making headlines for its exceptional performance. The meme coin has evidently been putting on double-digit gains every now and then. Also read: Binance Unveils Sensei, ChatGPT-Powered AI Assistant Floki Inu has also recently surged in price. But this time, the spike in price is due to a prominent listing. According to the recent announcement from Floki’s official Twitter account, the meme coin is now listed on Binance.US. We just dropped a new video on our YouTube channel sharing the exciting news that $ FLOKI is now available on #BinanceUS! Don't forget to hit that like , drop a comment , and subscribe to our YouTube channelhttps://t.co/uHzfMCQ1vU pic.twitter.com/GgX1g1BJse — FLOKI (@RealFlokiInu) April 24, 2023 Floki Inu surges by 50% following listing news Binance.US also announced the listing of the meme coin and stated that deposits are now open. This is in fact good n

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy Trades Away From the U.S. Dollar Russia is gradually moving to the use of national currencies, such as the Chinese yuan and the Russian ruble, to settle energy trades, moving away from the U.S. dollar. Alexander Novak, Russian deputy prime minister, stated that this trend of adopting national currencies accelerated due to the sanctions enacted by Western nations as a consequence of the Russia-Ukraine conflict. In a TV interview given to a Russian network, Novak stated: The trend has changed very much to less use of dollars or euros. Given the current problems in settlements with these currencies, in our settlements we are m

Decentralized exchange UniSwap and venture capital firm Andressen Horowitz were revealed as former clients of LaBolt in a recently published public financial disclosure report. United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation. According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.” Decentralized exchange UniSwap and Venture Capital firm Andressen Horowitz – an early investor in Coinbase Global Inc – were both former clients of Bully Pulpit Interactive (BPI), where LaBolt was previously a partner, according to a public financial disclosure Report published on April 21. Both firms were among a list of 23 clients payi

Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining; Aims to Reach 5.5 EH/s of Capacity by Q2 2023 Just over 45 days ago, the bitcoin mining firm Terawulf announced it had energized the Nautilus Cryptomine facility, a carbon-free data center with 24/7 baseload power stemming from the Susquehanna nuclear generation station in Pennsylvania. On April 20, 2023, the company revealed it has successfully deployed 50 MW or 1.9 exahash per second (EH/s) of hashrate. Terawulf is collaborating with Cumulus Coin, LLC, as the Nautilus Cryptomine is referred to as a “joint venture” between the two companies. Terawulf has the option to add another 50 MW, and it plans to do so in “

inPersona , a Web3 Metaverse platform with novel HealthFi and SocialFi rewards, has integrated Alchemy Pay’s on & off ramp solutions on its platform. This integration means users can pay with their preferred fiat payment methods directly to the platform to seamlessly buy crypto, or sell their crypto in exchange for fiat. Alchemy Pay’s NFT Checkout has also been added to inPersona, bringing more direct methods of purchase for NFTs. In addition, Vyvo Smart Chain, in which inPersona is deployed, will also be supported by Alchemy Pay. The NFT Checkout enables inPersona’s users to pay with their Visa and Mastercards, but users can also choose to use local mobile wallets and domestic transfers to purchase NFTs. This function covers the cost of gas fees and purchases, without requiring the user to purchase crypto — making NFTs easy to purchase directly using traditional fiat payment methods. inPersona is a Web3 dApp on Vyvo Smart Chain built to incentivize healthy lifestyles through wear

Alex Pertsev, a developer of Tornado Cash, will soon be released from prison. Pertsev spent nearly nine months behind bars. The developer was detained by Dutch officials in August 2022. He was accused of participating in money laundering through the Tornado Cash cryptocurrency mixer. JUST IN: Tornado Cash developer Alexey Pertsev to be released pending trial, court rules. — Watcher.Guru (@WatcherGuru) April 20, 2023 According to reports, Pertsev will be released on April 26, which is also his birthday. However, the developer is far from being cleared of charges. Pertsev is currently facing suspended release under surveillance. He will be under surveillance while he awaits trial from home. Pertsev would be placed under surveillance with an ankle monitor during the suspended release period. A Dutch judge earlier in November 2022 rejected the developers’ request to be released under surveillance on the grounds that Pertsev posed a flight risk. Pertsev was a key player i

In what is a vital debate for the country’s economic state, US House Republicans have proposed raising the debt limit by $1.5 trillion or extending it until March 31, 2024. Moreover, the proposal calls for implementing whichever comes first, according to NBC reporter Jake Sherman.  The debt ceiling negotiations have become a focal point for the US economy. Subsequently, House Republicans have been seeking a new budget proposal from Democrats prior to settling a debt limit increase. Alternatively, recent developments have seen the former submit their proposal. JUST IN: House Republicans propose raising debt limit by $1.5 trillion or extending it until March 31, 2024. — Watcher.Guru (@WatcherGuru) April 19, 2023 Republicans Officially Submit Debt Limit Proposal Earlier this year, the US reached its debt ceiling of $31.4 trillion, resulting in understandable concern. Thereafter, a debate on Capitol Hill ensued, with both sides seeking a resolution on a new limit. Yet, w

A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating the crypto industry. Lawmaker Seeks to Remove SEC’s Chairman U.S. Congressman Warren Davidson (R-OH) has revealed that he is introducing legislation to remove the chairman of the U.S. Securities and Exchange Commission (SEC). The lawmaker from Ohio tweeted Friday: To correct a long series of abuses, I am introducing legislation that removes the chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides). Former chairs of the SEC are ineligible. Rep. Davidson’s tweet was in response to a statement by SEC Commissioner Hester Peirce, published Friday, regarding crypto regulation after the securities watchdog r