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Dormant Bitcoin Wallet Moves 279 BTC Taking into account the price of Bitcoin at the time of writing, the amount of Bitcoin that is stored in the crypto wallet would translate to be around roughly 31 million USD. This comes on the heels of another Bitcoin whale transferring 2,071.5 BTC yesterday — which is equivalent to 60.7 million USD — after a lengthy nine-year hiatus. Read More: Gary Gensler Gets Rare Support On Crypto From Former SEC Chair While many fear an incoming BTC dump due to such developments, most of the transactions have been made to other standalone Bitcoin wallets rather than crypto exchanges. Reason Behind Reawakening? Although the fact that the cause for the move is unknown, there is widespread conjecture that some long-time crypto HODLers are moving old funds to new wallet addresses in the midst of a massive wallet-draining operation that is purportedly targeting old wallets. On the other hand, some users opine it to be a normal movement of fund...

Join Our Telegram channel to stay up to date on breaking news coverage The Metropoly presale has been nothing short of successful after more than 3250 investors flocked to the fundraising to purchase METRO, the native token behind the real-estate-backed NFT platform. In total, the 3250 investors have pushed the presale beyond the $1.47 milestone,  allowing the fundraising to raise 88% of the presale goal so far. There are countless reasons investors believe that Metropoly has substantial scope for growth ahead, with the platform expected to launch in May 2023 – here are three of the fundamental reasons investors are buying in the Metropoly presale and why you should too. Metropoly Raises Over $1.47 Million After 3250 Investors Rush to Presale. The Metropoly presale crossed the $1.47 million milestone in fundraising this week, pushing the presale close to the $1.5 million goal it set out to achieve. Metropoly has created the world’s first NFT marketplace fille...

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four of the Top Five Stablecoins Experience Net Redemptions in the Past 30 Days On March 31, 2023, the top stablecoins by market capitalization represented $133.63 billion in value, and now the valuation is down to $131.21 billion. A total of $2.4 billion worth of stablecoins has been withdrawn from the stablecoin economy since then. Data reveals that over the past 30 days, USDC, BUSD, DAI, and TUSD have all seen redemptions. Usd coin’s (USDC) circulating supply dropped 10.2% compared to last month, and binance usd (BUSD) fell by 20.6%. Of the top five largest stablecoins, both USDC and BUSD experienced the most redemptions. The top five stablecoins by market valua...

Can a Bitcoin-boosted football club breathe life into a tired town in the United Kingdom? This week’s “Decentralize with Cointelegraph” podcast tours Bedford. This week’s episode of the  Decentralize with Cointelegraph podcast takes a deep dive into Bitcoin (BTC) in Bedford. A Bitcoiner from the English town near London is turning heads and raising his town’s profile after buying his local soccer club, Real Bedford. Peter McCormack, who took the No. 38 spot on Cointelegraph’s 2023 Top 100, hosts a Bitcoin podcast and is an avid soccer fan. At the start of the soccer season in August 2022, he told Cointelegraph that winning the league would put Bedford on the Bitcoin map. Cointelegraph's Joe Hall pitchside with Peter McCormack. Nine months on, Real Bedford has fulfilled that promise. It won the United Kingdom’s South Midlands League and was promoted. However, has the move from the Bitcoin soccer club galvanized the locals or just grated on them? And how does running it work on the...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin price is at risk of losing a key support level, as bears wait for their downside targets for BTC. The big crypto is trading at $27,410 and the price strength shows that it is headed for lower levels. BTC had dropped 7.33% over the last seven days and was 0.95% down on the day. Bitcoin is trading in a third straight bearish session leaving traders wondering where the bottom for the ongoing correction will be set. Bitcoin Bulls Need To Aggressively Defend $27,000 After rising to nine-month highs at $31,050 on April 14, Bitcoin price embarked on a downtrend that was halted at the 50-day Simple Moving Average (SMA) that was sitting just above the $27,000 psychological level. The big crypto has been trading above this level for the last six days, suggesting that the bulls are aggressively defending the said level. Therefore, a daily candlestick close below the 50-day SMA, which currently sits at $$27,...

Join Our Telegram channel to stay up to date on breaking news coverage Bored Ape Yacht Club, a non-fungible token collection from digital assets incubation studio Yuga Labs, has turned two years since joining the nascent NFT sector. The Bored Ape NFTs have remained the top-ranking assets in market capitalization. Bored Ape NFT Collection Turns Two Years Launched in April 2021, Bored Ape Yacht Club is a non-fungible token from famous NFT pioneer Yuga Labs. The NFT collection comprises a limited edition of 10,000 NFT on the Ethereum network. Bored Ape NFTs collection Features profile pictures of cartoon apes that are procedurally generated by an algorithm. Since its inception, the Ethereum-based NFT collection has been one of the most successful NFT projects in the crypto industry. In a previous tweet, Yuga Labs noted it had “no idea” its Bored Ape Yacht Club NFT project would grow “this big.” Happy 2 year anniversary to the Bored Ape Yacht Club. Commu...

Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It is a matter of great frustration to her that, even after an incredible 670 days, she is still unable to grant her beloved husband a proper burial. John McAfee’s Widow Demands Answers on Delay in Releasing His Remains On April 23, 2023, Janice McAfee tweeted about her late husband, John McAfee, insisting that he had been in a morgue for 670 days. In July 2022, Bitcoin.com News reported on McAfee’s remains sitting in the morgue for a year. Janice is still complaining about the issue and asking why there is a holdup. “670 days since John’s ‘suicide,'” Janice tweeted. “670 days and his remains have still not been released. 670 days and his aut...

Join Our Telegram channel to stay up to date on breaking news coverage We have been hearing quite a bit recently on the environment and sustainability. It seems that almost every other day some environmental issue is being reported on, but at the same time, we hear about positive developments. One such development comes from a beloved coin among investors, Solana. The Solana Foundation stated today that Solana is now monitoring data relevant to its carbon emissions in real-time. It is “a major smart contract blockchain network” that claims it is a first-of-its-kind action. The code that drives NFT projects and decentralized apps (Dapps) is stored in smart contracts. They are reporting that starting today, Solana will routinely update a dedicated dashboard with statistics tracking the network’s main environmental indicators, including its network power intensity, energy usage and carbon footprint. The dashboard will be updated only every two weeks, but it gathe...

Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900 region. Bitcoin Bitcoin (BTC) moved lower for a third consecutive session on Friday, as prices slipped below the $28,000 mark. Following a high of $28,906.25 on Thursday, BTC/USD dropped to an intraday low of $27,855.96 earlier in the day. As a result of this move, bitcoin fell to its weakest point since April 9, which is the last time price hit a floor of $27,800. Bitcoin chart by TradingView Since nearing this point, BTC bulls have reentered the market, and have pushed price back above $28,000. One of the catalysts for today’s drop came as the 14-day relative strength index (RSI) fell to a floor of its own at 46.00. The index has marginally risen from this low, and is track...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the largest regulated crypto exchange in the US, was recently approved to receive a license to operate in Bermuda. Now, the exchange is preparing to launch a new derivatives exchange based in the region, and the new subsidiary might even start operating as soon as next week. Coinbase receives a license to operate in Bermuda Coinbase revealed that it received a regulatory license to operate in Bermuda in a blog post published yesterday, April 19th. The company said that the license came from the nation’s financial regulator, the Bermuda Monetary Authority and that it is a Class F license under the Digital Asset Business Act. As such, it allows the exchange to operate in the country and engage in a wide range of activities, including token issuance and token sales. Other than that, the platform can also operate as both, a digital asset exchange and a digital asset derivatives exchange p...

The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures. Societe Generale, a major French banking and financial services firm, is launch ing an Ethereum-based Stablecoin through its dedicated digital asset arm. Societe Generale-Forge (SG-Forge) announced the launch of EUR CoinVertible, the euro-pegged stablecoin targeting institutional clients, on April 20. The EUR CoinVertible stablecoin will be traded under the ticker symbol EURCV. The new digital asset will be only available to investors onboarded by Societe Generale through its existing Know Your Customer and Anti-Money Laundering procedures. “In the weeks to come, Societe Generale-Forge will assess the interest from prospective clients and respond to their questions for gradual adoption,” SG-Forge CEO Jean-Marc Stenger told Cointelegraph. The token will be available exclusively to institutional qualified investors through eligible market platforms, includi...

The crypto market Analysis and research platform, CryptoRank, recently shared the top 10 blockchains by monthly revenue, which refers to the fees generated for stakeholders. The blockchains included on this list are Ethereum, Tron, Filecoin, Arbitrum, Polygon, BNB Coin, Optimism, Solana, and Helium. Top 10 blockchains by monthly revenue (Source: CryptoRank) Ethereum (ETH) currently occupies the top spot on CryptoRank’s list after making $144 million in revenue. At press time, ETH is worth about $2,066.95 after a 1.62% price drop over the last day. However, this has not made much of a dent in ETH’s weekly performance as the altcoin is up by +10% over the last seven days. Taking up the second position on the list of the top blockchains by monthly revenue is TRON (TRX). TRON made $79.6 million in revenue over the last month, according to CryptoRank. Currently, TRX is one of the few cryptocurrencies trading in the green. According to CoinMarketCap, TRX is trading hands ...