Technology
Price Watch
Analysts: Bitcoin short-term sell pressure is absorbed by long-term holders
The market price of bitcoin fell below $39,000 at the end of the Easter holidays, but has recovered since. Amidst continued volatility and sell pressure, there is also a strong undercurrent of persistent and robust demand.
Exchanges
Kraken’s Bitcoin Lightning service hits 2,500 BTC in transactions
Less than three week since launch, Kraken’s Lightning service has already processed over 2,500 BTC in Lightning transactions. Kraken is now the sixth largest node on the Lightning network.
Analysis
BTC, ETH plummet amid US stock futures decline as investors prepare for Q1 earnings
Bitcoin, ether and other major cryptocurrencies have dropped sharply over the weekend, sending BTC below $39,000 and ether well below $3,000. Crypto is tightly correlated with general markets fearing the coming week.
Payments
AMC Theatres now accepts Dogecoin, Shiba Inu
American movie theater company AMC Theatres has added cryptocurrencies Dogecoin and Shiba Inu to the payment options included in the company’s mobile app. The movie company now accepts several cryptos via BitPay.
Analysis
Ethereum post-merge staking rewards will likely be lower than anticipated
Staking yields on the post-merge Ethereum proof-of-stake blockchain will be considerably lower than anticipated by most of the community.
Investments
AVAX developer Ava Labs looking to raise $350M in new funding round
The lead developer behind the Avalanche blockchain is in discussions to raise $350 million in a new funding round.
Memecoins
Elon Musk’s $43B bid on Twitter causes DOGE, SHIB to spike
Elon Musk has made an unsolicited offer to fully acquire social media giant Twitter for a total cash consideration of $43 billion
Memecoins
Shiba Inu supply shrinking as 2.41 billion SHIB got burned
Over the past week 2.41 billion SHIB tokens were burned thus shrinking the total supply of the popular doggy meme token and making it more scarce. At the same time, a whale bought $20.7 million worth of SHIB.
Exchanges
Belarusian crypto exchange stops trading for Russians over war in Ukraine
The Belarusian crypto exchange Currency.com announced on Tuesday they will put a halt on trading on behalf of Russian citizens following Russia’s invasion and war in Ukraine.
Adoption
Bitcoin Lightning payment volume increased 400% in a year, here’s why
A recent research report shows that the number of payments over Bitcoin’s Lightning network has roughly doubled over the last year, at the same time as the value of the payments in U.S. dollar terms has increased by more than 400%.
Adoption
Report: 40% of African-Americans say they use crypto
In a recent poll, 42% of all Americans between 18 and 34 years old said they have traded or used crypto, while 40% of all African-Americans do the same.
Exchanges
Crypto exchange Nexo to launch brokerage for big investors
Crypto exchange Nexo is launching a digital asset brokerage for large investors, corporations, and high-net-worth individuals.