Crypto Currency

Bitcoin Latinum Launches Tesla Roadster Special Edition Global Giveaway

PALO ALTO, CA, Feb 19, 2021 – (ACN Newswire) – Bitcoin Latinum ( https://bitcoinlatinum.com/ ), the next generation Bitcoin fork, is announcing the worldwide giveaway of a custom, new edition Tesla Roadster. As a tribute to honor the innovation of Tesla and Bitcoin Latinum, eight custom, new edition Tesla Roadsters will be created to celebrate…

PALO ALTO, CA, Feb 19, 2021 – (ACN Newswire) – Bitcoin Latinum ( https://bitcoinlatinum.com/ ), the next generation Bitcoin fork, is announcing the worldwide giveaway of a custom, new edition Tesla Roadster. As a tribute to honor the innovation of Tesla and Bitcoin Latinum, eight custom, new edition Tesla Roadsters will be created to celebrate Bitcoin Latinum’s milestones in coming to market later this year.The official giveaway entry form can be found on Bitcoin Latinum’s newly launched merchandise store: https://shop.bitcoinlatinum.com/Bitcoin Latinum is an enhanced Bitcoin fork. The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. The Bitcoin Latinum tokens are a part of a blockchain ecosystem being adopted by companies in media, gaming, storage, cloud, and telecommunications. Bitcoin Latinum sold out its initial public presale in November 2020.Elon Musk, founder of Tesla Motors described Bitcoin in a podcast interview with ARK Invest: “It [cryptocurrency] bypasses currency controls. Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”Slated to become the world’s largest insured digital asset, Bitcoin Latinum has appointed Marsh & McLennan, one of the world’s leading specialty insurance brokers and risk advisers, to arrange a comprehensive insurance program for the new cryptocurrency through their Asia division, Marsh Asia. The contemplated insurance coverage will protect Bitcoin Latinum holders in case of external theft and internal collusion, potentially up to the full value of their holdings.Adopting Bitcoin Latinum is Academy Award-winning studio Cross Creek Media. Cross Creek has grossed over $1.7 billion at the worldwide box office, as co-financier/producer of such films as Oscar-winner “Black Swan” and “The Trial of the Chicago 7”, nominated for five Golden Globe awards including Best Picture of 2020. Timmy Thompson, CEO of Cross Creek Media stated, “We are very excited about Bitcoin Latinum and its capabilities as an insured token, as we continue developing award-winning properties. Cross Creek’s portfolio of new media technology investments perfectly position us to take advantage of the digital asset sector in Media and Gaming.”The giveaway entry deadline is set for April 30, 2021 at 11:59 PM PST. No purchase necessary to enter. The drawing will be held later this year after the Bitcoin Latinum hard fork.FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any Bitcoin Latinum offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. Bitcoin Latinum strongly recommends you consult a licensed or registered professional before making any investment decision. Only individuals in countries that permit such giveaways are eligible to participate.Media contactCompany: Bitcoin LatinumKai Okada, Director of CommunicationsE-mail: kai.okada@bitcoinlatinum.comWebsite: https://bitcoinlatinum.com/2100 Geng Road, Palo Alto, California 94303, USATelephone: +1 800-528-0985SOURCE: Bitcoin Latinum Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
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Crypto Currency

Ethena price: ENA dips despite 5-week peak in whale activity

Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin


Ethena Price Down

  • Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000
  • The slight dip happened despite ENA notching a 5-week high in whale activity.
  • Prices could fall further, but a rebound for BTC could boost ENA.

Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds.

This decline unfolded even as on-chain metrics signaled robust interest from large holders.

Analysts say the move highlights a disconnect between whale behavior and short-term price action.

Ethena hits 5-week high in whale activity

On-chain data shows Ethena’s ecosystem has managed notable momentum.

For one, the network just hit its largest daily network growth in over three months.

The platform did not just see a surge in new wallet creations, but had ENA whale activity surging to a five-week peak, with this aligning with heightened interest bolstered by several bullish catalysts.

According to Santiment, one of the key drivers was Grayscale’s decision on May 7 to incorporate ENA into its DeFi Fund.

Ethena also recently saw a massive $310 million USDC transfer, a transaction that injected fresh liquidity and drew widespread attention.

Santiment has also highlighted that the spotlight on ENA increased further when LayerZero announced a temporary bridge suspension on May 9, keeping Ethena at the forefront of DeFi discussions.

Adding to the optimism, the Ethena Foundation recently affirmed that all conditions outlined by its Risk Committee for activating the “fee switch” have been satisfied.

This mechanism, designed to distribute protocol fees to stakers, awaits a governance vote from ENA holders in the coming days.

The whale positioning ahead of the pivotal vote helped ENA price pump to highs of $0.14 on May 10.

Why’s ENA price down?

Despite the positive catalysts, ENA’s price succumbed to broader market dynamics.

Both RSI and MACD on the 4-hour chart suggest prices could fall further.

Ethena ENA Chart
Ethena price chart by TradingView

On May 13, crypto sentiment soured following the release of U.S. Producer Price Index (PPI) data.

This came in hotter-than-expected and exacerbated fears of persistent inflation and delayed rate cuts.

US stocks slid, and Bitcoin, the crypto sector’s bellwether, tumbled below $79,000 during intraday trading.

Declines

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Crypto Currency

Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday

Bitcoin Magazine Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday Coinbase CEO Brian Armstrong says the Senate’s advancing of the CLARITY Act could fundamentally reshape U.S. finance. This post Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday first appeared on Bitcoin Magazine and is written

Bitcoin Magazine

Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday
Coinbase CEO Brian Armstrong says the Senate’s advancing of the CLARITY Act could fundamentally reshape U.S. finance.
This post Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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Crypto Currency

Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion

Bitcoin Magazine Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion Bitcoin Suisse (International) Ltd. has obtained dual regulatory approvals from the Bermuda Monetary Authority. This post Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman…

Bitcoin Magazine

Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion
Bitcoin Suisse (International) Ltd. has obtained dual regulatory approvals from the Bermuda Monetary Authority.
This post Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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Crypto Currency

Metaplanet Reports $725M Quarterly Loss as Bitcoin Volatility Weighs on Earnings Despite Strong Revenue Growth

Metaplanet has published its financial results for the first quarter of fiscal 2026 which portrays a mixed picture. That’s a large net loss primarily due to declines in Bitcoin valuations stands in stark contrast with solid growth in the core business operations. Q3 Net Loss of $1.4 Billion due to Bitcoin Value Decline The quarter

Metaplanet has published its financial results for the first quarter of fiscal 2026 which portrays a mixed picture. That’s a large net loss primarily due to declines in Bitcoin valuations stands in stark contrast with solid growth in the core business operations. Q3 Net Loss of $1.4 Billion due to Bitcoin Value Decline The quarter …
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