API3, a service that provides DeFi data feeds to blockchain-based smart contracts without relying on a third party, has raised $4 million in a funding round led by DWF Labs. Market maker and multi-stage Web3 investment firm DWF Labs led the funding round and contributed $2 million. Other funding came from Spartan Group which contributed…
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May has emerged as a notable month for ‘sleeping bitcoin’ transactions, with a long-dormant address, inactive for ten years and six months, awakening on May 28 to move 145.89 BTC, valued at $9.8 million. Over $109 Million in Bitcoin From 2013 Moved in May After a much quieter April, May has witnessed numerous dormant bitcoin…
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Bitcoin Price Prediction Despite hawkish remarks from Federal Reserve officials and stronger-than-expected U.S. economic data, which have reduced the likelihood of a Fed rate cut, Bitcoin (BTC) has managed to regain some traction. The cryptocurrency edged slightly higher, reaching around $67,785 and hitting an intraday high of $68,848. BlackRock’s Bitcoin ETF, IBIT, has become the…
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Ripple announced a second $25m donation to the crypto super Political Action Committee (PAC) Fairshake on Wednesday. This contribution supplements the $25m it provided to Fairshake last year. The company’s donation, alongside contributions from fellow crypto companies and leaders, forms part of a collective industry endeavor to promote policies conducive to the future of financial…
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Spot Bitcoin ETF approval has heightened the interest of the American voter in investing in Bitcoin or crypto, according to a Grayscale survey released Tuesday. Even so, the study pointed to multiple factors driving Bitcoin interest. These include global events, Bitcoin’s growing legitimacy, and inflation fears. The survey specifically shows voters paying closer attention to…
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Bitcoin Price Prediction Bitcoin bulls have little to worry about regarding the BTC price uptrend, according to QCP Capital. The recent movement of coins from the defunct exchange Mt. Gox, which led to a 2% drop in BTC prices, is seen as a temporary setback rather than a significant shift in market trajectory. QCP highlights…
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Based on onchain metrics, the Mt Gox funds, once consolidated into a single address holding over $9.6 billion in bitcoin, have now been distributed to three separate addresses as of Tuesday morning. Mt Gox Funds Redistribution An examination of the onchain transfers from the Mt Gox bitcoin cache reveals that the funds have been allocated…
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On Tuesday, the publicly traded medical technology firm Semler Scientific announced its decision to allocate bitcoin to its treasury. The company disclosed that it had acquired 581 bitcoins for a total of $40 million. Semler Scientific Embraces Bitcoin Joining the trend initiated by Microstrategy in 2020, another company has reportedly begun holding bitcoin on its…
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A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption. Per CICC Online, the bank announced that verified digital yuan wallet users can now obtain “personal carbon account points” when they use its app to make purchases with the CBDC. Major Chinese Bank: Digital Yuan…
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Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed. Per the South Korean media outlet Kyunghyang Games, the findings were published in a report on the nation’s crypto community by the blockchain market consultancy DeSpread. The report’s authors noted that “altcoin preference”…
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