Altcoins Channel

2023-04-21 21:52:38 Texas digital asset service provider bill passes House vote
https://cryptoslate.com/texas-digital-asset-service-provider-bill-passes-house-vote/

The Texas House of Representatives approved the digital asset service provider bill on April 20. The bill received 148 votes in favor and zero against. Only one vote abstained. Also known as the “Proof of Reserve” bill, HB 1666 was introduced in January by Giovanni Capriglione and aims to establish rules for exchanges and other […]
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2023-04-21 19:15:43 New data shows that an explosive amount of transactions are being conducted over Puppynet, the testnet of Shiba Inu’s (SHIB) new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, more than 4.4 million transactions have taken place over Shibarium’s testnet since it launched in its beta form in March, a fourfold increase in less […]
The post Shiba Inu (SHIB) Layer-2 Project’s Growth Rate Explodes As Testnet Wallet Transactions Soar to Over 4,400,000 (https://dailyhodl.com/2023/04/21/shiba-inu-shib-layer-2-projects-growth-rate-explodes-as-testnet-wallet-transactions-soar-to-over-4400000/) appeared first on The Daily Hodl (https://dailyhodl.com/). Open / Comment

2023-04-21 19:15:43 Open / Comment

2023-04-21 19:15:43 Shiba Inu (SHIB) Layer-2 Project’s Growth Rate Explodes As Testnet Wallet Transactions Soar to Over 4,400,000
https://dailyhodl.com/2023/04/21/shiba-inu-shib-layer-2-projects-growth-rate-explodes-as-testnet-wallet-transactions-soar-to-over-4400000/ Open / Comment

2023-04-21 18:33:31 Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed
https://cryptoslate.com/insights/bitcoins-30k-plunge-short-term-holders-sell-off-btc-long-term-holders-unfazed/

In this exclusive Alpha article, we explore the intriguing strategies of long-term and short-term Bitcoin holders following the SVB collapse in March. You'll learn how these groups navigated the volatile market, with one group seizing an unprecedented profit-making opportunity... But what happened when Bitcoin lost its 30k support, and how did it impact their tactics? Uncover the surprising shift in loss-taking behavior and the massive amount of Bitcoin sold off in just one week...
The post Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed (https://cryptoslate.com/insights/bitcoins-30k-plunge-short-term-holders-sell-off-btc-long-term-holders-unfazed/) appeared first on CryptoSlate (https://cryptoslate.com/). Open / Comment

2023-04-21 18:32:30 Kraken withdraws 330k ETH amid regulatory pressure – deposits outpace withdrawals in staking race
https://cryptoslate.com/kraken-withdraws-330k-eth-amid-regulatory-pressure-deposits-outpace-withdrawals-in-staking-race/

Kraken is leading the second wave of full-staked Ethereum (ETH) withdrawals, according to Nansen’s dashboard. Nansen’s data journalist Martin Lee said the U.S.-based crypto exchange has withdrawn over 330,000 ETH. Lee added that “another 175,000 in ETH left, which is largely principal withdrawals.” Since withdrawals were enabled, Kraken has led the table of entities withdrawing […]
The post Kraken withdraws 330k ETH amid regulatory pressure – deposits outpace withdrawals in staking race (https://cryptoslate.com/kraken-withdraws-330k-eth-amid-regulatory-pressure-deposits-outpace-withdrawals-in-staking-race/) appeared first on CryptoSlate (https://cryptoslate.com/). Open / Comment

2023-04-21 18:31:30 Fed balance sheet declines for fourth consecutive week – down $141B
https://cryptoslate.com/insights/fed-balance-sheet-declines-for-fourth-consecutive-week-down-141b/

Quick Take The Fed balance sheet has shrunk for the fourth consecutive week — totaling $141 billion. In addition, the fed balance has reversed 36% of the post-SVB liquidity injections — which contributed to $392 billion. Quantitative tightening and liquidity drained from the system continue as the Fed grapples with inflation. Meanwhile, the Fed discount […]
The post Fed balance sheet declines for fourth consecutive week – down $141B (https://cryptoslate.com/insights/fed-balance-sheet-declines-for-fourth-consecutive-week-down-141b/) appeared first on CryptoSlate (https://cryptoslate.com/). Open / Comment

2023-04-21 16:31:27 Meme season blamed for jump in Ethereum (ETH) gas fees
https://cryptoslate.com/meme-season-blamed-for-jump-in-ethereum-eth-gas-fees/

Ethereum (ETH) gas fees jumped to a 10-month high — prompted by a surge in meme coin mania. Per Glassnode, the median Ethereum gas price over a seven-day moving average (7DMA) reached 43.641 gwei — a price last seen on June 30, 2022. Gwei is a denomination of ETH — with 1,000,000,000 gwei equaling 1 […]
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2023-04-21 16:30:27 The central banks’ dilemma: inflation, stagflation, and the cryptocurrency response in today’s economy
https://cryptoslate.com/insights/the-central-banks-dilemma-inflation-stagflation-and-the-cryptocurrency-response-in-todays-economy/

Explore the alarming possibility of stagflation in the current economy through an Alpha exclusive article. Delve into the three key metrics contributing to stagflation and how central banks find themselves in a precarious position. But as we uncover the chilling similarities between the 1970s and today, we also reveal how gold and Bitcoin are responding to these inflationary pressures... Don't miss out on this crucial insight – subscribe to Alpha now!
The post The central banks’ dilemma: inflation, stagflation, and the cryptocurrency response in today’s economy (https://cryptoslate.com/insights/the-central-banks-dilemma-inflation-stagflation-and-the-cryptocurrency-response-in-todays-economy/) appeared first on CryptoSlate (https://cryptoslate.com/). Open / Comment

2023-04-21 16:29:27 CryptoSlate wMarket Update: Another red day sees Bitcoin lose $28,000
https://cryptoslate.com/cryptoslate-wmarket-update-another-red-day-sees-bitcoin-lose-28000/

Over the last 24 hours, the cryptocurrency market cap saw net outflows of $29.6 billion and currently stands at $1.18 trillion — down 2.4% from $1.22 trillion. During the reporting period, Bitcoin and Ethereum’s’ market caps fell 3% and 2.1% to $541.93 billion and $230.35 billion, respectively. The top 10 cryptocurrencies posted losses except for […]
The post CryptoSlate wMarket Update: Another red day sees Bitcoin lose $28,000 (https://cryptoslate.com/cryptoslate-wmarket-update-another-red-day-sees-bitcoin-lose-28000/) appeared first on CryptoSlate (https://cryptoslate.com/). Open / Comment