Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion

BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.Source

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.Source

Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High

The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.Source

Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains

The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.Source

Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago

For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.Source

Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4

The crypto exchange reported first quarter results after the close on Thursday.Source

The Reactionary Political Theater of CBDC Bans

The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.Source

Bitcoin’s Dominance Rate Surges After U.S. Banking Crisis

Bitcoin’s outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.Source

Nigeria Approves National Policy to Create ‘Blockchain-Powered’ Economy

The policy announcement makes no mention of crypto, which the government cracked down on in 2021.Source

Supposed AI-Based Crypto Token Using Musk’s Image Targeted by Texas Securities Board

Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.Source