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United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending. Bitcoin Is Still the ‘Most Dominant’ United States Senator Ted Cruz has said he is “incredibly bullish on bitcoin” and he still believes the “insight that led to its creation is still extraordinary.” In his remarks at an event organized by the Bitcoin Policy Institute, Cruz insisted bitcoin is the “alpha in the crypto sphere” because it came first and “is the most dominant one.” The remarks by Cruz, a Republican from Texas, came at a time when the Biden administration has upped the ante in its fight against the crypto industry. As has been reported by Bitcoin.com News since the ...

Also Read: Mastercard Partners With Polygon, Solana & Others To Launch Crypto Credentials advertisement The debate around XRP not being a security arose again in the wake of Coinbase’s formal response to the SEC’s Wells notice saying the platform followed the securities laws in its United States operations. This, according to the XRP community, indirectly indicates that XRP was also not trading as a security before Coinbase delisted the altcoin in 2020 over the SEC lawsuit. Stuart Alderoty Roasts SEC The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Stuart Alderoty, the Chief Legal Officer at Ripple , posted a hilarious image of an entangled goldfish in the waters, likening the SEC’s stance of controlling it, in the instance of the SEC supervising animal ...

Polygon Labs and Google Cloud will team up in a multi-year agreement to drive the development and adoption of the Ethereum scaling protocol’s infrastructure and developer tools. Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum (ETH) scaling protocol’s tools and infrastructure. Polygon’s core protocols, including Polygon PoS (proof-of-stake), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s framework and developer tools. The partnership is aimed at simplifying developer integration to build, launch and grow Web3 products and decentralized applications (DApp) on Polygon. Google Cloud’s partnership with the ecosystem is expected to advance Polygon’s zero-knowledge development. Testing of Polygon zkEVM’s zero-knowledge proofs (zk-proofs) on Google Cloud reportedly resulted in faster and cheaper transactions compared to...

Join Our Telegram channel to stay up to date on breaking news coverage Two weeks after the Shapella upgrade was implemented on the Ethereum network, the cryptocurrency options market is signaling a higher perceived risk of downside volatility for Ethereum’s native token, Ether (ETH), than for Bitcoin (BTC), which is currently the market leader in the cryptocurrency space. Shapella Upgrade Fails to Sustain Ethereum’s Bullish Run During Tuesday’s trading session, the options market for both Ethereum and Bitcoin displayed a preference for puts, which are essentially bets that the price of an underlying asset will decrease. It is worth noting that the demand for these bearish puts was more pronounced in the Ethereum market compared to that of Bitcoin, pointing towards a heightened degree of bearishness among investors towards Ethereum. As per Block Scholes, a company specializing in analyzing crypto derivatives, the out-of-the-money (OTM) puts for Ethereum with ...

Author: @0xMavWisdom Disclosure: The author holds relevant assets such as NFT platform tokens as a personal investor and has no business dealings with any platform or project party. The NFT market place has been in a continuous slump, with three key indicators - volume, transactions, and numbers - at their lowest levels in the past one year. According to @SeaLaunch_ data, on April 19th, the number of NFT market place users and transactions both hit new low points in the past year, the trading interest of both regular users and NFT traders has been declining. In addition, the floor prices of blue-chip NFT series such as BAYC and Azuki have been falling for an extended period, and BendDAO's blue-chip liquidation is happening almost every few days. Even the former NFT giant Franklin has surrendered in the poor market environment. NFT market place s are currently facing a challenging environment, and platform tokens have also been declining. However, as of now, no mainstream platform...

A top Russian official has urged all countries to make efforts to ensure that the “threat of global confrontation, of a hot, full-scale World War III” does not materialize. “World tensions are white-hot indeed,” he warned. Russian Official: Full-Scale World War III Should Not Materialize The deputy chairman of Russia’s Security Council, Dmitry Medvedev, urged all countries to make efforts to avoid the outbreak of a new, full-scale global conflict Tuesday while addressing participants in the Znanie (Knowledge) educational marathon. “I cannot say what the last straw, what the trigger may be. But it may happen at some point,” he was quoted by Russian news outlet Tass as saying. The official emphasized: We all need to work to ensure that this threat of global confrontation, of a hot, full-scale World War III should not materialize. Commenting on the current conflict between Russia and Western countries, he stressed that Russia has no desire to see a war break out. However,...

Bitcoin is currently trading near $30,000. In the last 24 hours, BTC price recorded a low and high of $27,217 and $30,004, respectively. ETH price trades at $1959, with a 24-hour low and high of $1,805 and $1,961, respectively. advertisement Altcoins including BNB, XRP, Dogecoin, Shiba Inu recorded over 5% upside move. While Polygon (MATIC), Cardano, and Solana jumped nearly 9%, with the global Crypto Market jumping 7% to $1.23 trillion in the last 24 hours. The total Crypto Market volume surpassed 25% in the last 24 hours. The Crypto Market Fear and Greed Index increased to 56, indicating “Greed” sentiment in the Crypto Market . The sudden upside momentum came due to macro factors. The US Dollar Index (DXY) fell nearly 0.5% to 101.25, which resulted in a market-wide recovery. Several experts such as billionaire Stanley Druckenmiller have shorted US the dollar due to a weak outlook. Trending Stories XRP P...

According to Whale Alert, on April 26, 38,829 BNB (13,147,616 USD) were transferred from an unknown wallet to Binance. However, a few minutes later, Binance sent 38,831 BNB (13,057,958 USD) to an unknown wallet. 38,831 #BNB (13,057,958 USD) transferred from #Binance to unknown wallethttps://t.co/B2DtmPsNtl — Whale Alert (@whale_alert) April 26, 2023 Despite this, BNB’s bullish momentum was strong enough to raise the price from an intraday low of $328.81 to a 7-day high of $339.70. BNB was valued at $336.82 as of press time, a 2.23% increase from the previous day’s closing, with a market capitalization of $52,495,689,937 (a 2.22% increase), making it the fourth-largest cryptocurrency by market size. BNB’s 24-hour trading volume increased by 11.27% to $709,467,401, indicating that traders are embracing the positive trend and expanding their BNB market activity. BNB/USD 24-hour price chart (source: CoinMarketCap) The bullish momentum is st...

After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention of alleviating the impact of such severe shocks on the flow of credit to households and businesses. As per the joint statement published on Tuesday, the central banks have decided to curtail these newly introduced swap line arrangements, switching them from daily auctions to weekly operations. Central Banks Cut Back USD Liquidity Backstop; Moody’s Downgrades U.S. Banking Sector and 11 Regional Banks According to a joint statement from several central banks, including the Bank of England, the Bank of Japan, the European Central Bank (ECB), the Swiss National Bank, and the U.S. Federal Reserve, the recently created U.S. dollar swap line arrangements will be reduced from daily to weekly. The a...

George Orwell‘s famous quote in 1984, “Who controls the past controls the future, who controls the present controls the past,” stays true to a time when the internet was not a dominant force in the world. Things took a U-turn after the advent of social media when Tesla CEO Elon Musk remixed the quote with the golden lines, “Who controls the memes, controls the universe” . Shiba Inu entered the sphere at the right place and at the right time to fill in the gap of the ‘meme sphere’. Also Read: If Shiba Inu Hits $0.01, How Many Tokens Do You Need To Make $10 Million? Who controls the memes, controls the Universe — Elon Musk (@elonmusk) June 26, 2020 When SHIB launched in August 2020, it was seen as a spin-off of Dogecoin trying to piggyback off its fame. Shiba Inu was just another meme coin where investors’ poured their money to make the most out of the ‘meme trend’ In the first half of 2021, Shiba Inu deleted five ‘zeroes’ in five months despite the ‘meme currency’ tag. Si...