Co-founder of BTC-e, Alexander Vinnik, seeks release through a prisoner swap deal, hoping to be included in a trade agreement between Russia and the US in exchange for detained WSJ journalist Evan Gershkovich.
Bitcoin traders eagerly await the impact of economic indicators and government decisions on the cryptocurrency’s volatile market, as the confluence of impending events loom large.
During a Twitter space event where he announced his candidacy for U.S. president, Ron DeSantis, a potential leader of the Republican Party, expressed his support for cryptocurrency and criticized the current administration’s stance on Bitcoin, stating that their actions could lead to its demise in the near future.
Bitcoin remained stable during Tuesday’s trading while stocks experienced a drop. The leading cryptocurrency was trading at around $27,200, representing a 1.1% increase over the past 24 hours. However, it has remained within a narrow range between $26,500 and $27,500 over the past two weeks. Investors are expressing concerns about regulatory issues in the cryptocurrency market and macroeconomic uncertainties such as the recent stalemate over the U.S. debt ceiling, which have resulted in reduced market liquidity.
The market for non-fungible tokens (NFTs) in the Bitcoin ecosystem is growing, but trading meme coins on the blockchain is the major factor promoting this growth. It’s vital to keep in mind, though, that NFTs have distinctive qualities that go beyond only their connection to memes to add value.
Bitcoin-based non-fungible tokens (NFTs) have reached the second-highest position in NFT sales per blockchain, as reported by CryptoSlam, a Web3 data platform. This is a remarkable feat for Bitcoin NFTs, which were not in existence until inscriptions were enabled on the Bitcoin main net in January 2023.
The commemoration of Bitcoin Pizza Day has taken a negative turn as meme coin issuers have reportedly earned over $200,000 through fraudulent activities, commonly known as “rug pulls,” that are related to pizza. This unfortunate occurrence took place on the 13th anniversary of what is believed to be the initial commercial Bitcoin transaction.
The total network fees paid for the minting of Bitcoin Ordinals increased significantly to 1,414 BTC or $38.2 million on May 20, which is a 700% increase from April 20 and an 831% increase from April.
Altcoins experienced an upward trend while Bitcoin and Ether remained stable. Coin Metrics reported that Litecoin increased by 5.67%, XRP by 6%, and The Sandbox token by 4%. Additionally, the price of the Axie Infinity token surged by approximately 8%.
Today, Cormint Data Systems, Inc. (“Cormint”), a Bitcoin miner striving to mine low-cost Bitcoin on a large enough scale to support a reliable, renewable power grid, proudly declared that it has achieved its Series A equity funding round goal of $30 million.
