Morgan Creek CEO Predicts Crypto-Summer to Commence in Mid-June

The CEO of investment firm Morgan Creek Capital believes that the "crypto-summer" is likely to begin in mid-June. Mark Yusko said in an interview with Blockworks that his previous predictions about the start of a bullish trend in the cryp ...

Lightning Labs Releases Taproot Assets Protocol v0.2: Enhancing Bitcoin Transaction Efficiency

Lightning Labs, developer of Lightning Network, announced the release of Taproot Assets Protocol v 0.2. update, which will avoid possible delays in transaction processing due to Bitcoin network congestion. "We are seeing a surge of interest in Bitcoin blockchain asset ...

Attackers Tamper with Hardware Cryptocurrency Wallet and Steal $30,000 Worth of Bitcoins

Kaspersky Lab experts described an incident in which attackers were able to tamper with a hardware cryptocurrency wallet and steal $30,000 worth of bitcoins. Hardware wallets are a more secure method of storing cryptocurrency compared to software hot wallets. They are ...

Soluna Secures $14 Million Funding for Renewable Bitcoin Mining Centers, Shares Rise

Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...

Hedge Fund Manager Paul Tudor Jones Expresses Concerns Over Bitcoin Amid Regulatory Pressures

Hedge fund manager Paul Tudor Jones, who has always advocated investing in bitcoin, said that the first cryptocurrency has become less attractive in the current regulatory and economic situation. During CNBC's Squawk Box program, Paul Tudor Jones noted that U.S. regulators ...

Bitcoin Transaction Fees Plummet as Ordinals and BRC-20 Token Hype Subsides

The growth of commissions in the Bitcoin network on the background of the unexpected popularity of Ordinals and BRC-20 tokens, as some analysts predicted, quickly stopped and indicators have almost returned to normal. The average transaction fee per transaction fell to $3 ...

JAN3 CEO Predicts Subsiding Hype Around Bitcoin’s NFT and BRC-20 Tokens

JAN3 CEO Samson Mow thinks the hype around Bitcoin's NFT counterpart and BRC-20 tokens will subside in just a few months. After the emergence of the Ordinals project and the launch of support for BRC-20 standard tokens, the load on the blockchain of the first cryptocurrency ...

Number of Bitcoin Wallets Holding 1 BTC Exceeds 1 Million, Making it More Accessible to Investors

Analytics company Glassnode reported that the number of wallets on the Bitcoin network that hold at least 1 BTC exceeded 1 million on May 13. Analysts attribute the marked increase in the figure to a 65% drop in bitcoin last year, which made it much more accessible to inves ...

American Senators Propose Cryptocurrency Accountability Bill for Bitcoin Adoption in El Salvador

American senators have advanced a cryptocurrency accountability bill in El Salvador (ACES), implying oversight of BTC acceptance in the Latin American country and risk analysis for the United States. On May 11, Senators Jim Risch of Idaho and Bob Menendez of New Jersey in ...

Declining Correlation Between Bitcoin and Ethereum Indicates Diversification Opportunities in Cryptocurrency Portfolios

The correlation of rates of the two most popular cryptocurrencies has historically been at a high level, but the indicator has been falling for over two months and has almost reached 80%. This is the lowest level in a year and a half. ...