Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December

Worldcoin Crypto Project: OpenAI CEO Targets $100M Funding

The company behind Worldcoin, a crypto project founded by the OpenAI CEO Sam Altman, is close to securing $100 million in fresh funding. The post Worldcoin Crypto Project: OpenAI CEO Targets $100M Funding appeared first on BeInCrypto.

Bitcoin’s recovery may trigger buying in these 4 altcoins

While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise. The S&P 500 Index (SPX) closed the week with a nominal loss of 0.29% but Bitcoin (BTC) is on target to finish the week with a deeper cut of more than 5%. The weakness in Bitcoin pulled several altcoins lower, indicating weakening sentiment.A silver lining is Bitcoin’s solid bounce on May 12. Several analysts anticipate Bitcoin to start a recovery but

BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus

BlockFi has outlined how it intends to distribute assets among its creditors. But what can be recovered rests on its claims against FTX. The post BlockFi Creditors Await Fund Recovery: FTX Clawback in Focus appeared first on BeInCrypto.

Bakkt Delisting Frenzy: AVAX, LINK, FTM, and 20 Other Altcoins Suffer the Consequences

Bakkt is cutting support for 25 digital assets. These include DeFi tokens like UNI and AAVE as well as popular coins like ENJ and XLM. The post Bakkt Delisting Frenzy: AVAX, LINK, FTM, and 20 Other Altcoins Suffer the Consequences appeared first on BeInCrypto.

The Merge Impact: Ethereum (ETH) Supply Drops by 0.285% in 240 Days

In the 240 days since the merge, the total ETH supply has shrunk by around 0.213% driven by the transition to proof of stake. The post The Merge Impact: Ethereum (ETH) Supply Drops by 0.285% in 240 Days appeared first on BeInCrypto.

Ripple (XRP) Price Flashes Green as Whales Return to Action

XRP whale investors have intensified their trading activity. Here is why it could be indicative of a bullish XRP price prediction.  The post Ripple (XRP) Price Flashes Green as Whales Return to Action appeared first on BeInCrypto.

Bitcoin-ether correlation dips below 80% for first time in 18 months

Bitcoin's rolling 30-day correlation with ether fell below 80% this week for the first time since November 2021, according to data firm Kaiko. The post Bitcoin-ether correlation dips below 80% for first time in 18 months appeared first on The Block.

Beyond Speculation: The Diverse Uses and Transformative Power of Cryptocurrency

Cryptocurrencies aren't just for speculation. From disrupting traditional finance to empowering digital creators and building trust, explore the transformative impact of blockchain technology in this in-depth feature. The post Beyond Speculation: The Diverse Uses and Transformative Power of Cryptocurrency appeared first on BeInCrypto.

Coinbase Enlists Legal and Political Heavyweights in Battle With SEC

Coinbase adds firepower in its battle with the SEC by adding political heavy hitters to its new Advisory Council. The post Coinbase Enlists Legal and Political Heavyweights in Battle With SEC appeared first on BeInCrypto.

Is Your Money Safe in Bitcoin During the Banking Crisis?

Bitcoin, with its independence from central banks and finite supply, can offer financial protection amidst banking crises, though its volatile nature and regulatory uncertainties demand careful consideration and understanding. The post Is Your Money Safe in Bitcoin During the Banking Crisis? appeared first on BeInCrypto.

Cruel April: On-Chain Gaming and Metaverse Land Trading Plummet

April was a cruel month for Web3 gaming as virtual land dwindled and on-chain gaming activity fell by 10%. But not all the news is bad. The post Cruel April: On-Chain Gaming and Metaverse Land Trading Plummet appeared first on BeInCrypto.

Crypto VC Paradigm buys Coinbase shares worth $50 million

Crypto VC firm Paradigm, an existing investor in Coinbase, bought around $50 million worth of more shares in the exchange operator this week. The post Crypto VC Paradigm buys Coinbase shares worth $50 million appeared first on The Block.

Coinbase fills new advisory council with former US lawmakers

Coinbase established a Global Advisory Council that includes former U.S. lawmakers. The post Coinbase fills new advisory council with former US lawmakers appeared first on The Block.

LG Applies for a Patent for an NFT Trading TV. Would You Want One?

LG has struck out further into the realm of NFTs, filing an application for a patent for a television that helps users conduct NFT trading. The post LG Applies for a Patent for an NFT Trading TV. Would You Want One? appeared first on BeInCrypto.

Crypto Twitter responds with Pepe memes as Musk names new CEO

Elon Musk confirmed Friday that he would appoint Linda Yaccarino the as the new CEO of Twitter. Crypto Twitter responded with Pepe memes. The post Crypto Twitter responds with Pepe memes as Musk names new CEO appeared first on The Block.

Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Bitcoin (BTC) extended its decline on May 12 but analyst Philip Swift, co-founder of trading suite DecenTrader and creator of data resource LookIntoBitcoin, does not expect a deep correction. He said it was “interesting to note that the long/short ratio has been climbing as price has trended down.”One of the reasons that is keeping analysts bullish is Bitcoin’s ha

Traders Choose Huobi and OKX After Binance Lifts Zero-Fee Trading

Binance market share drops to low not seen since October 2022 as fees weigh on trading volumes. The post Traders Choose Huobi and OKX After Binance Lifts Zero-Fee Trading  appeared first on BeInCrypto.

Who said pro sports has cooled to crypto? Floki partners with ping pong

Memecoin floki hopes to reach more than 500 million people through partnership with World Table Tennis. The post Who said pro sports has cooled to crypto? Floki partners with ping pong appeared first on The Block.

Bitcoin falls 10%, crashing below $27,000 as bears press on

Bitcoin (BTC), the leading cryptocurrency, is weak at spot rates, dropping about 10% in the past trading week

Meme Coin Chill: Shiba Inu (SHIB) Price Eyes Correction Amid Cooling Trend

As PEPE price declines, Shiba Inu on-chain data flashes multiple green signals. Is this indicative of a bullish SHIB Price Prediction? The post Meme Coin Chill: Shiba Inu (SHIB) Price Eyes Correction Amid Cooling Trend appeared first on BeInCrypto.