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Bitcoin News
Coin Telegraph
1w
386
Image Credit: Coin Telegraph
Shaquille O’Neal gets judge’s greenlight for $11M Astrals NFT settlement
- Former NBA star Shaquille O’Neal has been granted final court approval to settle a class-action lawsuit for $11 million with Astrals non-fungible token (NFT) buyers.
- The settlement creates a fund of up to $11 million for eligible class members and awards $2.9 million in attorney fees and costs.
- The lawsuit alleged that O’Neal's founding and promotion of the Solana-based Astrals NFT project constituted an 'offer and sale of unregistered securities'.
- NFT sales remain in a deep bear market territory, with only $27 million sold as of April 7, down from more than $2 billion per week at the end of 2021.
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23 Likes
Cryptonews
1w
271
Image Credit: Cryptonews
Hefty Fee: Trader Pays $60,000 for a Single Bitcoin Transaction
- A Bitcoin user has paid nearly 0.75BTC in a transaction fee.
- Transaction fee equates to nearly US$60,000 at the time of transacting.
- User tried to replace initial transaction, likely made a panic-induced error.
- Mistake raises concerns about user experience while transacting on the Bitcoin network.
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16 Likes
Cryptopotato
1w
322
Image Credit: Cryptopotato
Bitcoin’s Resilience Tested as Tariffs and Macroeconomic Pressure Drive Market Volatility
- Bitcoin's correlation with equities and gold has fluctuated under the influence of trade tariffs and macroeconomic factors.
- Despite short-term alignment with traditional markets, Bitcoin maintains its distinct identity as an independent asset class.
- Bitcoin demonstrated resilience and potential as a safe-haven asset during periods of economic uncertainty.
- The future trajectory of Bitcoin depends on its ability to return to low correlation with equities and serve as an inflation-resistant asset.
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19 Likes
TronWeekly
1w
286
Image Credit: TronWeekly
Analysts Share Insights into Why the Altcoin Season Never Took Off
- Bitcoin's market cap growth continues to outperform altcoins, delaying the start of a traditional altcoin season.
- Analyst Darkfrost highlights that current moving averages show no momentum shift in favor of altcoins.
- Ali Martinez cites oversaturation as a major barrier to any potential altseason.
- The huge number of tokens available in the market is another factor hindering the altcoin season.
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17 Likes
Coinjournal
1w
280
Bitcoin stalls as tariffs bite, but yuan devaluation looms
- Bitcoin rally loses steam as tariffs against China impact stock markets.
- Bitcoin slumps and stabilizes below $78,000, down 1.2% in 24 hours.
- Ether declines nearly 4% to fall below $1,500.
- Yuan devaluation may lead to capital flight to Bitcoin.
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16 Likes
Newsbtc
1w
344
Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity
- Bitcoin rebounds from its recent low following a spike in Whale Transaction Count on the network.
- The Whale Transaction Count measures the total number of transfers on the Bitcoin blockchain with a value of over $1 million.
- Increased whale activity suggests growing interest among large investors and a possible recovery push for Bitcoin's price.
- However, a decline in the Whale Transaction Count and the movement of ancient Bitcoins raise caution for the cryptocurrency's future.
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20 Likes
TronWeekly
1w
220
Image Credit: TronWeekly
Over 50% Dogecoin Supply are Currently Profitable
- Dogecoin market sentiment seems balanced, with a little more than 50 percent of the supply in profit.
- The selling pressure may be exhausted, and more patient holders are remaining.
- After the broader crypto market rebounded, Dogecoin price recouped 6%.
- Thanks to its steady growth, 50.8% of all the Dogecoin supply are in profit, which is balanced enough considering its current supply.
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13 Likes
Crypto-News-Flash
1w
356
Image Credit: Crypto-News-Flash
Global Trade Wars May Drive Bitcoin Growth, Binance CEO Suggests
- Binance CEO suggests that global trade wars may drive long-term investors towards Bitcoin as a non-sovereign store of value amidst economic uncertainties.
- Bitcoin's price remains sensitive to policy signals and global risk sentiment, making it highly influenced by geopolitical speculation and tariff-related news.
- The resurgence of trade protectionism leads to short-term market volatility, causing investors to adopt a risk-off approach.
- Despite short-term fluctuations, Bitcoin's appeal as a hedge against economic uncertainty may lead to increased interest in the cryptocurrency market.
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21 Likes
Bitcoinsensus
1w
50
Image Credit: Bitcoinsensus
Can Thursday’s CPI and Jobless Claims Spark a Crypto Recovery?
- Bitcoin has dropped 12% since April 2 as tariffs continue to rattle markets, with stocks also suffering major losses and investors now looking to inflation and labor data for stability.
- April 10 CPI and jobless claims will provide the latest snapshot of economic conditions before the impact of tariffs is reflected, offering clues on whether risk assets can find support.
- If inflation eases and jobless claims stay steady, markets could stabilize, but any upside surprise in price pressures or labor weakness could trigger another wave of selling in crypto and stocks.
- With Bitcoin already down 12% since April 2, traders are watching for signs of stabilization. If inflation continues to ease and jobless claims don’t spike further, risk assets could find a much-needed relief from volatility later in the week.
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3 Likes
Newsbtc
1w
46
Image Credit: Newsbtc
Oversold Altcoins Like Solana Flash Bullish Divergences — Are Relief Bounces Coming?
- Solana has been heavily affected by the recent selling pressure in the crypto market, experiencing a significant drop from all-time highs.
- An analyst, Bluntz, has noticed bullish divergences in oversold altcoins like Solana, suggesting the potential for relief bounces in the short term.
- Solana's price is at a critical juncture with the $100 level being a key support. Reclaiming and holding this level could trigger a recovery bounce, while a breakdown may lead to further losses.
- The broader macroeconomic instability and trade war fears have intensified the selling pressure on risk assets like Solana.
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2 Likes
Bitcoinsensus
1w
332
Image Credit: Bitcoinsensus
US Tariffs Shake Global Markets: Will Crypto Be the Next Safe Haven?
- US stock market experiences extreme volatility and significant losses due to speculation and misinformation.
- Bitcoin's fixed supply, institutional adoption, and historical resilience fuel debate about its potential as a hedge against financial instability.
- Inflation concerns and economic uncertainty drive governments, hedge funds, and corporations towards Bitcoin as an alternative store of value.
- Bitcoin's fixed supply vs. unlimited printing of fiat currencies and increasing institutional adoption strengthen its credibility as a potential safe haven investment.
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19 Likes
Newsbtc
1w
352
Image Credit: Newsbtc
Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo?
- Dogecoin is facing a slowdown in momentum, causing investors to question its future prospects.
- Despite a recent rebound, the trading activity and community buzz around Dogecoin is waning.
- A technical analysis suggests a potential shift in market dynamics as Dogecoin shows signs of being oversold.
- To break free from its current slowdown, Dogecoin needs to surpass resistance levels and ignite a sustained rally.
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21 Likes
Stackexchange
1w
153
Image Credit: Stackexchange
I am trying to recreate pre-V2 electrum addresses from mnemonics, however, I can not seem to get the address to be correct. Any insight?
- The user is trying to recreate pre-V2 Electrum addresses from mnemonics but is having trouble generating the correct address using the provided Python code.
- The code includes functions to convert mnemonic to entropy, generate private keys, convert private keys to compressed public keys, and finally convert public keys to addresses.
- The user suspects they may be missing some critical steps in the Electrum V1 address generation process, as the addresses they get do not match the addresses generated by the official GUI wallet.
- The user is seeking insights or information to help them troubleshoot and identify what they might be doing wrong in their code.
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9 Likes
TheNewsCrypto
1w
378
Image Credit: TheNewsCrypto
US SEC Gathers Industry Leaders for Upcoming Crypto Regulation Roundtable
- The US Securities and Exchange Commission (SEC) is organizing a roundtable discussion on regulating crypto trading.
- The roundtable, titled 'Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading', will take place on April 11.
- Participants in the roundtable will include industry leaders and representatives such as Coinbase, Cumberland DRW, and Uniswap Labs.
- The roundtable is part of the SEC's 'Spring Sprint Toward Crypto Clarity' initiative, which aims to bring more clarity to the crypto industry.
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22 Likes
Bitcoinmagazine
1w
340
Image Credit: Bitcoinmagazine
Kraken Partners with Mastercard to Bring Bitcoin Payments to Over 150 Million Merchants
- Kraken partners with Mastercard to enable real-world Bitcoin and crypto payments at over 150 million merchants worldwide.
- Mastercard aims to integrate Bitcoin into everyday commerce by allowing Kraken users to spend digital assets.
- Kraken plans to roll out physical and digital debit cards to connect crypto balances to retail spending.
- The partnership signifies a significant step towards mainstream adoption of Bitcoin as a functional payment tool.
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20 Likes
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