“Crypto is finally making sense as a means of exchange,” Collison told the audience at the company’s developers conference in San Francisco on April 25. Since Stripe discontinued its Bitcoin (BTC) payment option in 2018, transaction times have increased, fees have decreased and stablecoins are performing stably.Continue Reading on Cointelegraph More
Qualified merchants in the U.S. can currently allocate between one and ten percent of their daily sales to bitcoin. According to a TechCrunch article, the fiat funds are collected until the end of the day, at which point they’re converted to bitcoin and deposited into the user’s CashApp account. Merchants will be required to pay a one percent fee on each conversion. Continue Reading on Cointelegraph More
Bitcoin prices typically climb for several months after a halving event. But this time around, the market’s expectations for the halving are a bit different.According to Morgan McCarthy, a research analyst at Kaiko, the market response following the recent halving has been subdued, contrasting the surges in Bitcoin’s price seen in 2012, 2016, and 2020. These increases have historically been attributed to reduced supply and heightened anticipation, yet each halving has occurred under differing market conditions. Specifically, this is the first time Bitcoin has seen a rally before the scheduled reduction in block rewards.Bitcoin’s halving, an event occurring roughly every four years or after 210,000 blocks, reduces the rate at which new Bitcoins are generated by halving the miners’ rewards. The recent halving decreased rewards from 6.25 to 3.125 BTC per block. Originally designed to control inflation and extend the currency’s issuance over a century, halvings are major events that theoretically should increase Bitcoin’s value due to decreased supply.McCarthy believes that the most recent halving unfolds in a distinct economic landscape characterized by higher interest rates and global financial uncertainties. Unlike the near-zero interest rates during previous halvings, today’s higher rates offer investors alternative, safer returns compared to the high-risk crypto market.Moreover, Bitcoin’s reaction to the halving may already be priced in, considering the Efficient Market Hypothesis which suggests that asset prices reflect all available information. Given the predictable nature of halvings, many investors might have adjusted their strategies accordingly.Another notable development has been the increase in transaction fees, especially following the launch of new protocols on the Bitcoin network, such as Runes by Ordinals creator Casey Rodamor. These protocols are increasing demand for block space, which has driven fees to near-record levels, influencing miner revenue and affecting their selling behaviors.Liquidity conditions have gotten a boost since the U.S. approved spot Bitcoin ETFs, which has helped stabilize the market and might buffer against price swings. However, trading volumes during weekends and overnight are still on the decline, pointing out the ongoing struggles to keep market activity consistent.Looking ahead, the long-term impact of this halving will likely depend on a combination of factors including global economic conditions, regulatory developments, and technological advancements within the Bitcoin ecosystem. While the halving reduces supply, increasing demand in the face of robust liquidity and new market entrants via spot ETFs will be crucial for any bull run. More
During an interview with “The Wolf Of All Streets” podcast, Yusko discussed how the introduction of Bitcoin (BTC) exchange-traded funds (ETFs) and increased interest from registered investment advisers have led to a significant shift in demand. Its full impact, however, is yet to be realized. According to Yusko:Continue Reading on Cointelegraph More
Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new business initiatives and partnerships across Web3 and beyond.At Kadena, Annelise’s role as Chief Business Officer is not just a new addition to the team but a strategic move to further propel Kadena’s growth within Web3 ecosystems and adoption with institutional opportunities. Her wealth of institutional experience will be instrumental in shaping Kadena’s future. Osborne’s appointment is a testament to her exceptional leadership abilities and strategic acumen, honed during her tenure at Moody’s (NYSE:MCO), where she spent 12 years, and her previous position as COO of Propellr. Her wealth of experience brings a unique perspective to Kadena, instilling confidence in her ability to drive the company’s growth and success. Before joining Kadena, Annelise was the Head of Institutional with Arca Labs. She successfully led the team’s work with companies to drive blockchain innovation across strategic partnerships and advisory services. About Kadena Kadena is a blockchain technology company that was founded in 2017 by Stuart Popejoy and Will Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee. Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our own smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Kadena aims to allow for true blockchain mass adoption.ContactKadena PressKadenapress@kadena.ioThis article was originally published on Chainwire More
Yoton Yo Studios (YYS) today announced a $15m Series A investment, allowing the innovative start-up to advance with pioneering ‘phygital technologies’.In January, YYS began a more public profile announcing the development of Exfinitum Omniverse, a first-of-its-kind digital/physical trading card system offering players unprecedented content control. It is currently in alpha testing with a market launch later this year.The private investor’s financial commitment is being supplemented by grant funding from Skale blockchain, which takes the round in excess of $15m. Combined, these partnerships provide exceptional scale, transaction speeds, security, and minimized carbon footprint. In addition Layer One X Blockchain is extending a grant and Joint Venture to deploy interoperability across multiple platforms.Peter J. Wacks, CEO and Chief Creative Officer of Yoton Yo Studios, said: “Our partners truly share our vision, and we are beyond excited to have them join forces with us as we build our groundbreaking brands. We’ve taken the limitations of physical ownership and authenticity, and developed a unique reader and coding system to unequivocally prove pedigree and ownership both physically and digitally. What we have been developing for the past 24+ months not only changes TCG convention, but also some tired and accepted paradigms around data and asset ownership.”Ben Miller, Head of Partner Marketing, Skale said “We are thrilled to work closely with Exfninitum to bring high quality Phygital TCGs to SKALE. As the world’s fastest blockchain with 0-gas fees, we believe that SKALE will be the perfect tool for the mass adoption of gamers.”Yoton Yo is a games and technology company developing proprietary software solutions that will power Exfinitum Omniverse. The company’s future announcements are expected to shine a light on some of the first IP and creative collaborations that will feature in the early stories that drive the overarching narrative feeding into and within the Omniverse.About Yoton Yo StudiosYYS is a games and technology company building new and groundbreaking software solutions to generate vastly improved experiences in gaming, asset pedigree and data usage.About Exfinitum OmniverseState-of-the-art innovation sits at the core of taking the traditional trading card game into a new realm that morphs multiverses in physical and digital play, enabling the same cards to be playable in multiple games. Discord https://discord.gg/exfinitumTwitter / X https://x.com/exfinitumExfinitum Omniverse https://www.theomniverse.info/Exfinitum https://exfinitum.com/Yoton Yo Studios https://www.yotonyostudios.com/ContactDirectorGary Burns1UP PR Ltd.garyb@1uppr.net07888884992This article was originally published on Chainwire More
Unlike his other recent, similar tweets, this one has the Bitcoin community excited and has brought a wave of positive feedback to Saylor, who is now in charge of his company’s BTC-focused strategy after stepping down from its chief executive position.In the comments, many Bitcoin users responded to it eagerly, agreeing with the “statement” and showing their support for the world’s flagship cryptocurrency. Among those commentators were the official accounts of the Kraken cryptocurrency exchange and Eric Weiss, a prominent figure in the crypto community.Kraken tweeted: “It’s refreshing to be able to take control of your own money. That’s for sure!”The official account of the Dash privacy coin wrote in a comment: “Bitcoin is refreshing… your block explorer to see if you got a confirmation.”Two days before that, Saylor published an enigmatic tweet with the hashtag “BitcoinHalving.” In the tweet, Saylor suggested that an investor could emerge with unlimited capital, announcing “a program to acquire 450 BTC daily” at the current market price for the next four years (this is the time period between two Bitcoin halvings) and “hold the asset forever.”In the year 2028, Saylor also said in that tweet, the hypothetical investor would increase their purchases to 675 BTC per day and then raise them to 787.5 BTC by 2032. This tweet seems to emphasize the growing value of Bitcoin after each halving, even if the newly produced BTC amount gets 50% smaller. Now, after the Saturday halving, miners get 3.125 BTC per each new block rather than 6.25, as it happened after the 2020 halving.This article was originally published on U.Today More
According to “The 2024 Crypto Spring Report,” released on April 25 by the blockchain intelligence firm Chainalysis, Turkey has the highest share of stablecoin purchases relative to its GDP. Continue Reading on Cointelegraph More
