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Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, predictions of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All this and more just below, in the latest Bitcoin.com News Week in Review. The Elusive Satoshi Nakamoto: Last Emails Reveal Bitcoin Creator’s Thoughts Before Disappearing Over a Decade Ago Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the project was entrusted in “good hands.” Read More Economist Warns of ‘Catastrophic’ Fall in American Living Standard — Elon Musk Weighs in on De-Dollarization, US Dollar Weap...

Santiment tweeted earlier this morning that Bitcoin (BTC) whales have recently begun accumulating the leading crypto after profit taking above $30k on 11 April 2023. The tweet added that since this date, wallet addresses holding between 100 to 10,000 BTC have collectively added 64,094 BTC coins back to their bags. In related news, BTC is currently trending according to CoinMarketCap. At press time, the crypto market leader also leads CoinMarketCap’s trending list. Despite the crypto occupying the number one position on the trending list, BTC’s price printed a 24-hour loss of 0.31%. This recent price drop brought BTC’s price down to $29,383.96 at press time. BTC’s dominance in the market has also slipped over the last 24 hours. As a result, BTC’s dominance is estimated to be 47.10%, which is a slight 0.02% decrease. Nevertheless, the leading crypto’s weekly price performance remains in the green at +7.40%. Daily chart for BTC/USDT (Source: TradingView) BTC’s price was...

Holders of PancakeSwap (CAKE) have been on edge as the community debates a change in the token’s economic model. Although the proposed change is likely to be favorable for PancakeSwap, the debate has had a very negative effect on the crypto’s price over the last week. PancakeSwap is a decentralized exchange (DEX), and this allows its users to trade various cryptocurrencies, provide liquidity on trading pools and to earn rewards from CAKE tokens. Unfortunately, the change in the project’s economic model has caused a lot of uncertainty among users. Developers will now aim to reduce CAKE’s inflation from more than 20% to between 3-and-5%. This could help to improve PancakeSwap’s long-term health, but there is a cost as it will lower the amount of tokens stakers can earn. This then, in turn, will lead to a decline in staking rewards. Naturally, this is a big move for the project as its staking rewards were a significant selling point for PancakeSwap in the past. Despit...

The crypto market leader Bitcoin (BTC) printed a 24-hour gain according to CoinMarketCap. At press time, BTC’s price is up 1.39% in the last 24 hours to trade at $29,520.23. This recent price increase for BTC has pushed the crypto’s weekly performance further into the green at +4.68% as well. With a market cap of approximately $571,105,613,766, BTC’s dominance in the market has also risen over the last 24 hours. Currently, it is estimated that BTC’s market dominance stands at 47.12%, which is a slight 0.28% increase since yesterday. The leading crypto was able to establish a daily high at around $29,871.55, but has since retraced to trade at its current price. The daily trading volume for BTC has declined in the past few hours. As the weekend approaches, BTC’s total daily trading volume stands at approximately $23,581,829,499, which is a decrease of over 33% in the last 24 hours. 4-hour chart for BTC/USDT (Source: TradingView) BTC’s price has consolidated in the past...

Apr 27, 2023 at 10:10 // News Author Nina Lyon The Bahamas Securities Commission has decided to introduce stricter rules for crypto businesses and tighten oversight of citizens' digital assets. According to reports, the Bahamas regulator announced a new bill that prohibits the issuance and circulation of all types of algorithmic stablecoins in the territory of the Bahamas. The draft law also includes an expanded definition of digital asset companies, disclosure requirements for cryptocurrency wagers, and increased requirements for stablecoin issuers. The de...

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa and Mastercard, Used to Load Binance Accounts Holders of Russian bank cards can now deposit money to Binance, the global leader among cryptocurrency exchanges. According to the Russian news outlet Kod Durova, deposits can be made not only with Russia’s own Mir cards but also with Visa and Mastercard issued by Russian banks. The report shows that Binance accounts can be loaded through the Russian payment service Qiwi by selecting the ‘bank card’ option. Russian ruble, British pound, Turkish lira, and euro are among the available fiat currencies while the U.S. dollar is not supported. Source:...

The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data. The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of Web3 social users. Available for Lens devs in closed beta today. pic.twitter.com/AaqfikZWxT — Lens Protocol (@LensProtocol) April 26, 2023 Lens is a blockchain protocol that allows users to form a portable “social graph,” or digital set of connections, between themselves and others. When users form a connection with another person on one Len...

On Monday, Epic Games founder Tim Sweeney tweeted that the firm is working on the next steps following its recent landmark victory against Apple after a US court of appeal ruled that Apple’s anti-steering policy is anti-competitive. Sweeney said the court’s favorable decision rejecting Apple’s anti-steering provisions frees iOS developers to send consumers to the web to do business with them directly there. “We are working on next steps,” Sweeney added. Apple prevailed at the 9th Circuit Court. Though the court upheld the ruling that Apple's restraints have "a substantial anticompetitive effect that harms consumers", they found we didn't prove our Sherman Act case. — Tim Sweeney (@TimSweeneyEpic) April 24, 2023 Notably, the ruling is expected to impact the crypto industry significantly. Previously, crypto apps and services were prohibited from directing users to other websites to make purchases, forcing users to pay higher fees when buying...

PEPE Price Prediction: PEPE -the new Meme cryptocurrency in the market is currently buzzing in the minds of crypto investors as it showed 900% growth since the day of launch. On April 20th, the coin price reached an All-time High of $0.0000004036, and meanwhile, the early investor bagged around 7500X returns. However, in the last six days, the coin price tumbled 42.85% from the ATH and shaped into a famous bearish continuation pattern called a descending triangle. Here’s what the Pepe price Analysis forecasts about its near future growth. advertisement Key Points:  A descending triangle pattern governs the ongoing sideways trend in the PEPE token A bearish breakout of $0.000000176 support put the PEPE token price under prolonged correction The intraday trading volume in the Pepe coin is $42.5 Million, indicating a 7.9% gain. Source- Tradingview In the 4-hour time frame chart, the Pepe token price shows the formation of a descend...

ADA Price Prediction: Amid the increasing negativity in the crypto market, the Cardano price showcased a V-top reversal from the peak of $0.46. This correction tumbled the altcoin by 18% and plunged to 32.8% Fibonacci retracement level at local support of $0.377. A retracement to the aforementioned FIB level is considered healthy and increases the possibility of uptrend resumption. advertisement Key Points:  The formation of a double bottom pattern could trigger a fresh recovery in Cardano price  The post-correction recovery could surge the ADA price 16% higher to challenge the $0.46 swing high The intraday trading volume in the ADA coin is $289.5 Million, indicating an 8.6% gain Source- Tradingview The ongoing correction phase in Cardano price has taken a minor halt at the combined support of $0.377 and 38.2% FIB level. Moreover, the sideways movement above the mentioned support reveals the formation of a double-bottom pattern. ...

The Ethereum network went through one of its major upgrades recently. The much-awaited Shanghai upgrade came with one key feature: the ability to withdraw staked ETH . There were concerns that ETH ’s staking protocol could lead to a surge in withdrawals and a drop in value. But, contrary to those expectations, ETH ’s value increased and surpassed the $2,000 mark. However, at press time, ETH had dropped to $1,831. Also read: Russia Unveils New Payment System That Enables Unrestricted Cross-Border Crypto Use Moreover, the selling pressure seems to be low. This is due to the fact that the Shapella upgrade is likely not to cause a sell-off due to the current state of staked ETH holdings. But, one noticeable thing has happened to the Ethereum network. This is nothing but increased institutional investor staking. Ethereum investors stake over 572k ETH According to the latest data from Dune Analytics, Ethereum investors have ramped up their staking game to make profits....

Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made other countries afraid of holding dollars. Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status. In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.” Ab...

The Polygon (MATIC) market has been dominated by bears over the last 24 hours, with values plunging from an intraday high of $1.03 to a low of $0.9822. This decline occurred despite the transfer of 60,000,000 MATIC (59,472,041 USD) from Polygon Staking to Binance on April 23rd. 60,000,000 #MATIC (59,472,041 USD) transferred from Polygon Staking to #Binancehttps://t.co/2m1PJNgY2a — Whale Alert (@whale_alert) April 24, 2023 As of press time, the MATIC price has fallen 4.03% to $0.9878, indicating the market’s bearishness. During the correction, the market capitalization fell by 3.73% to $9,140,529,250, while the 24-hour trading volume increased by 34.14% to $446,285,122. The transfer of 60,000,000 MATIC is a significant indicator that investors may take advantage of the token’s current depreciation to buy in, despite the recent market collapse. MATIC/USD 24-hour price chart (source: CoinMarketCap) The movement of the Keltner Channel bands sou...

Join Our Telegram channel to stay up to date on breaking news coverage The future of cryptocurrency mining in Canada, according to proponents, is in jeopardy after several provinces restricted new projects earlier this year over concerns about their electricity usage. The abundance of clean, affordable electricity in Canadian areas like British Columbia and Quebec has attracted cryptocurrency entrepreneurs, the majority of whom are focused on Bitcoin. To run the rows of powerful computers necessary for crypto mining, the majority of cryptocurrency operations require unrestricted access to cheap power. How come Canada? Dan Roberts, an Australian bitcoin entrepreneur whose company, Iris Energy, runs three facilities in British Columbia, explained that first, We asked what are the key ingredients you need to run this computing service. Cold temperatures are crucial. stable legal system, effective regulatory authority. In addition, renewable energy is crucial. A number of Can...