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Broccoli and Bitcoin, a holiday love story

Crypto broker Bitcoin Suisse recently installed a blockchain-related Christmas advertisement in the  Zurich Main train station in Zürich, Switzerland. The ad, which is largely indecipherable to non-native speakers, involves a piece of broccoli, a shoe, and one lone Bitcoin (BTC).

The text above the images reads Neujahrsvorsätze, a German word meaning “New Year’s resolutions.” . . . → Read More: Broccoli and Bitcoin, a holiday love story

Ethereum 2.0 still has a long road ahead, MEW founder says

Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. 

“I think the question should be, what is not the next . . . → Read More: Ethereum 2.0 still has a long road ahead, MEW founder says

Price analysis 12/2: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

Bitcoin price hit a new all-time high above $19,892 on Dec. 1. This is a significant event because it proves that the rally in 2017 was ahead of fundamentals but not a bubble. Generally, when a bubble bursts, it takes several years for the price to cross the high made during the bubble. 

For . . . → Read More: Price analysis 12/2: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch

Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project.

The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon . . . → Read More: Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch

Institutional investors won’t save crypto, but they will help it grow

The state of the world economy has pushed institutional investors to look for alternative methods of investment. And more and more often, Bitcoin (BTC) is becoming such a tool.

Since August, business intelligence firm MicroStrategy has purchased BTC worth a total of $425 million. At the same time, digital asset manager Grayscale Investments . . . → Read More: Institutional investors won’t save crypto, but they will help it grow

The challenges of Eth2 staking, explained

There are three key roles within the Stkr ecosystem.

Providers deliver the computing resources that drive the Eth2 nodes — and they pay insurance that acts as a guarantee against poor hardware performance. These funds will be used to compensate stakers if there is an outage, but providers also stand to . . . → Read More: The challenges of Eth2 staking, explained

Grayscale Ethereum Trust to implement 9-for-1 share split

Digital asset manager Grayscale has announced a share split for its Ethereum Trust — a move that could make the fund more attractive to individual investors. 

In an official press release, Grayscale announced Wednesday that the split will be implemented on Dec. 17, with shareholders of record receiving eight additional shares for each . . . → Read More: Grayscale Ethereum Trust to implement 9-for-1 share split

Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar

Bitcoin (BTC) may get fresh support for a record-breaking year in 2021 thanks to the demise of a familiar foe: the U.S. dollar.

As various sources noted this week, the dollar is trading at almost three-year lows against various currencies and five-year lows against the Swiss franc.

Analyst: Long-term trend “clearly dollar weakness” . . . → Read More: Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar

PayPal CEO calls on crypto industry to work hand in hand with regulators

There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes.

On Wednesday, Schulman joined the Web Summit online conference to discuss the cashless era of the global financial industry with Squawk Box host Andrew Ross Sorkin.

As part of the . . . → Read More: PayPal CEO calls on crypto industry to work hand in hand with regulators

New withdrawal contracts will enable Rocket Pool Eth2 staking service to launch

Withdrawal contracts for Ether staked on Ethereum 2.0 could become available as early as Q1 2021 allowing decentralized Eth2 staking service Rocket Pool to launch.

While Phase 0 of Eth2’s roll-out was launched with its Beacon Chain on Dec. 1, the 900,000 Ether deposited by stakers will not be available for withdrawal until . . . → Read More: New withdrawal contracts will enable Rocket Pool Eth2 staking service to launch

Bitcoin adoption is the main key right now, Novogratz says

Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold . . . → Read More: Bitcoin adoption is the main key right now, Novogratz says

Grayscale dusts off its #dropgold campaign with fresh ad push

Digital asset manager Grayscale is bringing back its controversial “drop gold” campaign just in time for the potential Bitcoin (BTC) bull market. 

CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be “running on major networks all over the country.”

The commercial implores investors to “leave the pack behind” by dropping gold and . . . → Read More: Grayscale dusts off its #dropgold campaign with fresh ad push

Why Ethereum price corrected sharply despite today’s Eth2 milestone

The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback. 

After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback.

The deep correction . . . → Read More: Why Ethereum price corrected sharply despite today’s Eth2 milestone

3 reasons why Bitcoin price violently rejected near $20,000

Bitcoin (BTC) finally managed to secure a new all-time high, but the digital asset rejected strongly near $20,000. On-chain analysts say a sell-off from whales and miners, combined with the $20,000 level acting as a resistance level caused a fierce drop.

BTC/USD 15-minute chart. Source: TradingView What led whales and miners to sell Bitcoin? . . . → Read More: 3 reasons why Bitcoin price violently rejected near $20,000

Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020

Coinbase, the United States’ largest cryptocurrency exchange, announced that it facilitated one of the largest institutional Bitcoin (BTC) purchases in 2020.

According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020.

Brett Tejpaul, head of institutional sales at Coinbase, provided . . . → Read More: Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020

Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility

Bitcoin (BTC) continued an intense day of volatility on Dec. 1, hitting lows of $18,400 just over an hour after challenging $20,000 and breaking a new all-time high.

Cryptocurrency market overview from Coin360 Bitcoin sheds $1,600 in under 2 hours

Data from Cointelegraph Markets and TradingView tracked BTC/USD as it delivered some of its . . . → Read More: Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility

Ethereum 2.0 is go: Genesis block of beacon chain winks into existence

After literally years in the making, the genesis block of the Ethereum 2.0 beacon chain has finally seen the light of day.

The repeatedly delayed scalability and security upgrade to the second-largest cryptocurrency by market cap confidently took its first breath as planned, at just after 12 pm UTC on Dec. 1. The . . . → Read More: Ethereum 2.0 is go: Genesis block of beacon chain winks into existence

Yearn’s merger with SushiSwap will be the most comprehensive to date

The flurry of Yearn.finance (YFI) “mergers” continues as the project announces the tightest DeFi integration yet, this time with SushiSwap (SUSHI), the decentralized exchange that began its life as a Uniswap fork.

Announced by Yearn founder Andre Cronje on Tuesday, the collaboration involves a variety of synergies between the two ecosystems and other . . . → Read More: Yearn’s merger with SushiSwap will be the most comprehensive to date

Ethereum flips Bitcoin’s node count

Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the second time this year.

According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly 1% lead over Bitcoin’s 11,136. Ethereum’s node count last surpassed Bitcoin’s in early September.

The number of . . . → Read More: Ethereum flips Bitcoin’s node count

Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin (BTC) price came within striking distance of hitting a new all-time high today. This shows that institutional and retail investors continue to buy on every dip and BTC is in a strong uptrend. Hence, traders should not urgently looking to call a top.

While Bitcoin has been creating new records, gold has corrected . . . → Read More: Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Someone just moved $5M in BTC from the 2016 Bitfinex hack

Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday.

Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a wallet associated with the hack. The sum is . . . → Read More: Someone just moved $5M in BTC from the 2016 Bitfinex hack

Why Bitcoin price has not hit a new all-time high — Just yet

The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet.

On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time . . . → Read More: Why Bitcoin price has not hit a new all-time high — Just yet

Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

After years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec. 1.

Ethereum 2.0 Phase 0 is introducing the long-awaited mechanism of staking to the smart contract platform, in addition to launching the skeleton of a future Eth2 blockchain, the Beacon Chain.

Progress in 2020 steadily picked up . . . → Read More: Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

Ethereum 2.0 staking is coming to Coinbase

U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform. 

In an official blog post, Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021. Once Eth2 is supported, . . . → Read More: Ethereum 2.0 staking is coming to Coinbase

Gold and Bitcoin eye inflation-adjusted all-time highs… but it’s taken gold 40 years

Gold bug and Bitcoin skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin (BTC), a much younger asset, sits close to its inflation-adjusted all-time high after just three years of downward pressure.

Gold reached a price of $678 U.S. dollars in 1980, according . . . → Read More: Gold and Bitcoin eye inflation-adjusted all-time highs… but it’s taken gold 40 years

Tyler Winklevoss tells CNBC that ‘Cash is trash’

Not one to mince words, Tyler Winklevoss reportedly told the business network CNBC that “Cash is trash.” In his view, it’s only a matter of time before investors dump the dollar and other fiat currencies for BTC:

“At some point, it is hard to look at those data points and say that Bitcoin . . . → Read More: Tyler Winklevoss tells CNBC that ‘Cash is trash’

‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high

Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason.

Data from cryptocurrency exchange Kraken shows BTC/USD hit its highest ever price on its order book — then dove to $16,600 in seconds.

Kraken BTC price dumps $3,000

The . . . → Read More: ‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high

Bitcoin theft is likely to surge in meager post-COVID economy: Report

Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and antivirus provider Kaspersky Lab.

Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks that are likely to surge in 2021.

Securelist has . . . → Read More: Bitcoin theft is likely to surge in meager post-COVID economy: Report

Yearn teams up with Akropolis to boost institutional outreach

Yearn.finance announced on Monday yet another merger, this time with Akropolis, a multiproduct decentralized finance protocol featuring yield optimization and undercollateralized loans.

Like the Cream Finance merger announced last week, the two ecosystems will remain largely independent in terms of their tokens and overall product lines, a shared announcement clarifies. However, like with Pickle . . . → Read More: Yearn teams up with Akropolis to boost institutional outreach

The future of gambling? Hamster-powered marble races come to Ethereum

After just over two years of development, on Sunday a new form of gambling will be released to the Ethereum world on mainnet: hamster-powered marble races. 

Powered by Mia, a female djungarian or “winter white dwarf” hamster and her trusty hamster wheel, the project, dubbed “Mia & the Marbles,” is an automated marble-racing . . . → Read More: The future of gambling? Hamster-powered marble races come to Ethereum

As token price rises and reputation mends, Sushiswap foils midnight exploit

As exploits and hacks run rampant across the DeFi ecosystem, at least one project appears to have fended off the worst of an attack — the once-maligned “vampire” AMM (automated market maker) exchange Sushiswap. 

Observers noticed last night that Sushiswap — which got its start leeching liquidity from rival AMM Uniswap — was . . . → Read More: As token price rises and reputation mends, Sushiswap foils midnight exploit

Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEM

As Bitcoin price rallied to a new 2020 high, the open interest on CME Bitcoin (BTC) futures rose to $1.16 billion, making it the world’s largest Bitcoin futures market, according to Arcane Research. This suggests that institutional investors are relatively unmoved by the recent sharp correction in Bitcoin price.

Guggenheim Partners has become the . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEM

Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week

It’s been another bumper week for Bitcoin, another reason for hodlers to feel grateful. The dollar value remains over $17,000 having reached a three-year high when it topped $19,000 for only the second time. People are starting to notice. The Wall Street Journal talked about Bitcoin’s rise on its front page. Google searches . . . → Read More: Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week

Bitcoin may see major price volatility at the start of December — Here’s why

The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first red weekly candle since late September.

The monthly candle will be significant since it would mark the highest close . . . → Read More: Bitcoin may see major price volatility at the start of December — Here’s why

Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.

Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate . . . → Read More: Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners. 

The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from Grayscale, at . . . → Read More: Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

Bitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder: Hodler’s Digest, Nov. 21–27

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Buy the Dip Bitcoin price tumbles, falling below $17,000 . . . → Read More: Bitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder: Hodler’s Digest, Nov. 21–27

Bitcoin relief rally is underway — Can BTC price reclaim $18K?

Bitcoin (BTC) price dropped severely in the previous week, falling from $19,500 to $16,000. Corrections never occur smoothly as dropdowns are frequently sudden and painful. The recent correction isn’t much different as the drop occurred in a matter of hours. 

Since then, Bitcoin’s price consolidated above $16,000, which marked a temporary bottom. The primary . . . → Read More: Bitcoin relief rally is underway — Can BTC price reclaim $18K?

Why institutions suddenly give a damn about Bitcoin

Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents . . . → Read More: Why institutions suddenly give a damn about Bitcoin

Yearn Finance continues acquisition spree with Cover

This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. 

In a blog post, Cronje notes that the merger will be a natural one, as Yearn and Cover . . . → Read More: Yearn Finance continues acquisition spree with Cover

3 reasons traders now expect Bitcoin hitting $13K before a new rally

The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.

There are three main reasons why traders expect a deeper drop to occur in the near future, namely,  historical cycles, the . . . → Read More: 3 reasons traders now expect Bitcoin hitting $13K before a new rally

Bitcoin analysts explain what’s next in the aftermath of BTC plunging to $16.2K

The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows.

Whales selling right under Bitcoin’s all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly . . . → Read More: Bitcoin analysts explain what’s next in the aftermath of BTC plunging to $16.2K

Data shows Bitcoin price drops days after BTC futures open interest hits $1B

There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis.

Open interest measures the total number of . . . → Read More: Data shows Bitcoin price drops days after BTC futures open interest hits $1B

Institutional money may propel Bitcoin to $250K in one year’s time, says macro investor

Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision — and that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market.

That . . . → Read More: Institutional money may propel Bitcoin to $250K in one year’s time, says macro investor

Bitcoin whale clusters show these are the strong support levels

Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000–$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if Bitcoin (BTC) price continues to fall.

The immediate support levels based on whale clusters are $16,694, $16,411 and $16,064. . . . → Read More: Bitcoin whale clusters show these are the strong support levels

CME overtakes OKEx as largest Bitcoin futures market

CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. 

In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data from Skew, a market intelligence firm, Arcane said open . . . → Read More: CME overtakes OKEx as largest Bitcoin futures market

Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB

Bitcoin’s (BTC) rise above $20,000 will have to wait, as the price saw a strong correction and turned away from reaching a new all-time high.

Data suggests that whales decided to book profits when Bitcoin was close to $19,000, and this pulled the price lower. This fall could have resulted in the liquidation . . . → Read More: Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB

Decred co-founder explains rationale behind Bitcoin bull and bear cycles

Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt has claimed that the answer lies within the human brain. 

“Bitcoin’s bull and bear cycles are functions of generic human psychology, . . . → Read More: Decred co-founder explains rationale behind Bitcoin bull and bear cycles

Cypherpunk Holdings becomes 9th-largest public holder of Bitcoin

Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its stake in Bitcoin (BTC). 

The company disclosed Thursday that it has added 72.979 BTC to its reserves since June 30, 2020.

Cypherpunk funded the acquisition by liquidating its holdings of Monero (XMR) and Ethereum (ETH), as well as through partial proceeds from . . . → Read More: Cypherpunk Holdings becomes 9th-largest public holder of Bitcoin

Compound liquidator makes $4M as oracles post inflated Dai price

The crypto market suffered a powerful crash on Thursday morning UTC, which sent prices of major currencies like Bitcoin (BTC) and Ether (ETH) tumbling in excess of 10%.

When traders rush for the exits, the price of stablecoins generally increase as the demand for stability rises. In today’s crash, however, the effect became particularly . . . → Read More: Compound liquidator makes $4M as oracles post inflated Dai price

Bitcoin is disruptive, making its market cycles erratic, Horizen CEO says

Launched nearly 12 years ago, Bitcoin (BTC) is known for its often volatile market cycles. Though some feel that Bitcoin’s position as a store of value keeps these cycles fairly consistent, Rob Viglione, co-founder and CEO of Horizen, disagrees.

“The only consistent thing about Bitcoin and crypto markets is a large degree of . . . → Read More: Bitcoin is disruptive, making its market cycles erratic, Horizen CEO says

Ethereum 2.0: Less is more… and more is coming

On June 19, 2020, Ethereum increased its gas limit by 25% from 10 million to 12.5 million. In no less than two days, this newfound capacity was used up, bringing the block use right back to 100%. This cat-and-mouse game between a higher gas limit and a surge in use has occurred the . . . → Read More: Ethereum 2.0: Less is more… and more is coming

Bitcoin’s price correction may not be over, on-chain data analysts warn

Analysts say a larger Bitcoin (BTC) price pullback or a consolidation period could occur. The two factors that could trigger more downside include increasing whale activity and short-term resistance.

Bitcoin whale watching

As Cointelegraph reported, Bitcoin crashed after it surpassed $19,400 across major exchanges. It dropped to below $16,400 before slightly recovering. But analysts foresee . . . → Read More: Bitcoin’s price correction may not be over, on-chain data analysts warn

Crypto derivatives exchange Bybit launches quarterly Bitcoin futures

Bybit announced Thursday that it will roll out a BTC/USD quarterly futures contract on Nov. 30. Two contracts will be offered at launch — BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which will be settled on March 26, 2021.

Bybit says the new futures contracts have no funding fee, which means . . . → Read More: Crypto derivatives exchange Bybit launches quarterly Bitcoin futures

Russian prime minister proposes legal steps to bring order to crypto market

Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.

At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order to contribute to the growth of the new industry.

According . . . → Read More: Russian prime minister proposes legal steps to bring order to crypto market

Bitcoin must now reclaim these price levels to resume its rally to $20K

Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past 24 hours.

Cryptocurrency market, 1-day performance. Source: Coin360

While most investors were celebrating a potential new . . . → Read More: Bitcoin must now reclaim these price levels to resume its rally to $20K

Yearn Finance announces another ‘merger’ with the Cream lending protocol

Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound and Aave.

The blog post, published on Thursday, outlines how the two protocols will cooperate for the launch of . . . → Read More: Yearn Finance announces another ‘merger’ with the Cream lending protocol

Bitcoin fees remain low despite price surge, but Vitalik says they could soar

Despite Bitcoin’s surge to retest its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low.

The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50. But average . . . → Read More: Bitcoin fees remain low despite price surge, but Vitalik says they could soar

Price analysis 11/25: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on the magical figure of $20,000 per BTC.

After such a sharp up-move, some traders are calling for a top, while others . . . → Read More: Price analysis 11/25: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin faces this final resistance zone before $20K all-time high

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level.

Bitcoin rejects $19,500 for now

On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before . . . → Read More: Bitcoin faces this final resistance zone before $20K all-time high

RSK-based DeFi protocol launches innovative decentralized exchange concept

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique twist.

Instead of being available instantaneously, orders are processed in batches according to a slightly variable . . . → Read More: RSK-based DeFi protocol launches innovative decentralized exchange concept

2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top

CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the rally becomes overextended.

BTC/USDT 1-hour chart (Binance). Source: TradingView.com

Kelly named three reasons why a short-term Bitcoin pullback might occur. The reasons . . . → Read More: 2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top

Bitcoin price, altcoins and the Dow set record highs as bulls run the market

On Tuesday, the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top 10 altcoins went on a double-digit rampage to new 2020 highs.

Notable performers of the day were Stellar Lumens (XLM) and XRP with a 53% and 38% gain respectively. 

. . . → Read More: Bitcoin price, altcoins and the Dow set record highs as bulls run the market

Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi

Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum.

The firms announced wFIL on Monday, promoting its use in decentralized finance applications including Compound, Maker and Uniswap. Filecoin ecosystem lead Colin Evra stated:

“Wrapped Filecoin will enable . . . → Read More: Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi

Celsius says it tipped in 25,000 Ether to help launch Ethereum 2.0

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1. 

Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for . . . → Read More: Celsius says it tipped in 25,000 Ether to help launch Ethereum 2.0

Will ‘money printer go brrr’ rob Bitcoin of its all-time high?

Bitcoin’s (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value to a multi-year long bear market. In the years since, the asset has never again come close to these price highs — until now. At time of publication, crypto’s first currency is once again trading a . . . → Read More: Will ‘money printer go brrr’ rob Bitcoin of its all-time high?

3 reasons why Bitcoin price faces a major hurdle at $20,000

The price of Bitcoin (BTC) hit $19,469 on Coinbase, reaching its highest point since its December 2017 peak. Although the dominant cryptocurrency is close to surpassing its record high, there are some warning signs to take note of.

Three potential reasons Bitcoin faces the possibility of a pullback at $20,000 are a bull trap, . . . → Read More: 3 reasons why Bitcoin price faces a major hurdle at $20,000

Bitcoin price has now only been higher one day in history

Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD is hitting a new multiyear high of $19,330. 

Data from Cointelegraph Markets and TradingView provides a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance.

BTC price sees second-best day ever

Against a backdrop of rapid gains and . . . → Read More: Bitcoin price has now only been higher one day in history

Lithuanian tax service’s first confiscated crypto sale nets $7.6M

The Lithuanian government has reportedly sold a batch of cryptocurrency seized by local enforcement agencies.

The State Tax Inspectorate, or STI, the country’s tax authority, sold confiscated crypto assets worth 6.4 million euro ($7.6 million) and subsequently added the funds to the state budget.

According to an official announcement on Nov. 24, the . . . → Read More: Lithuanian tax service’s first confiscated crypto sale nets $7.6M

Bitcoin price now eyeing $20K after XRP shocked the crypto market

The price of Bitcoin (BTC) surpassed $19,000 on Nov. 24 for the first time in nearly three years. It followed an XRP flash crash on Coinbase, which trembled the crypto market.

The two incidents could be entirely coincidental. Although considering that BTC price surged almost immediately after the XRP drop, there could be a . . . → Read More: Bitcoin price now eyeing $20K after XRP shocked the crypto market

Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than . . . → Read More: Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline

Ethereum 2.0 set to launch Dec. 1 after late surge in deposits

Update: The threshold was crossed just after 2:20 am UTC on Nov. 24.

Ethereum 2.0’s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether (ETH) transferred to the Eth2 deposit contract snowballing as today’s deadline approaches.

As of this writing, nearly 499,000 of the 524,288 Ether required . . . → Read More: Ethereum 2.0 set to launch Dec. 1 after late surge in deposits

Key Bitcoin and Ethereum options metrics show traders are wildly bullish

In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data.

BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data

Ether is entering a parabolic rally as . . . → Read More: Key Bitcoin and Ethereum options metrics show traders are wildly bullish

Price analysis 11/23: BTC, ETH, XRP, LINK, LTC, BCH, DOT, ADA, BNB, BSV

Bitcoin (BTC) has been leading the current crypto rally for the past few weeks, and this has boosted its dominance from 56% on Sep. 3 to 67% on Nov. 18. However, as Bitcoin nears its all-time high, it seems to be losing momentum as the action shifts to altcoins. This has pulled Bitcoin’s dominance . . . → Read More: Price analysis 11/23: BTC, ETH, XRP, LINK, LTC, BCH, DOT, ADA, BNB, BSV

Bitcoin go up, Coinbase go down: Exchange outages and trader outrage

Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets and are generally viewed unfavorably by traders.

Between March and November, . . . → Read More: Bitcoin go up, Coinbase go down: Exchange outages and trader outrage

Ethereum-based market platform unveils a new DAO

Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own decentralized autonomous organization, or DAO, called GnosisDAO.

“This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy, bringing governance to the coming internet of . . . → Read More: Ethereum-based market platform unveils a new DAO

Bitcoin is already outperforming the halving that sparked $20K all-time high

Bitcoin price has more than doubled since its latest block subsidy halving and is now outpacing its last bull run.

Data compiled by on-chain monitoring resource ChartsBTC on Nov. 23 shows that versus its two previous halvings, Bitcoin (BTC) in 2020 is right on track to deliver major price gains.

Bitcoin price up 120% since . . . → Read More: Bitcoin is already outperforming the halving that sparked $20K all-time high

Russia’s Gazprombank debuts Bitcoin trading in Switzerland

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators.

According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco.

. . . → Read More: Russia’s Gazprombank debuts Bitcoin trading in Switzerland

3 reasons Ethereum’s momentum is only accelerating as ETH nears $600

Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors.

Eth2 momentum accelerates in correlation with price

The Eth2 mainnet will launch when the number of Ether (ETH) staked in the Eth2 deposit contract address hits 524,288.

Data from CryptoQuant reveals that . . . → Read More: 3 reasons Ethereum’s momentum is only accelerating as ETH nears $600

US dollar squeeze and $19K BTC: 5 Things to watch in Bitcoin this week

Bitcoin (BTC) starts another week at near historic highs as the U.S. dollar continues to drop — what’s next?

With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week.

DXY descends to familiar lows

News from the U.S. that . . . → Read More: US dollar squeeze and $19K BTC: 5 Things to watch in Bitcoin this week

Privacy coins no more? CipherTrace files patents for tracing Monero transactions

Crypto analytics firm CipherTrace announced on Friday that it had filed two patents for technology capable of tracing transactions for privacy coin Monero (XMR).

In a Friday blog from CipherTrace, the firm states that the patents would include forensic tools to explore Monero transaction flows to assist in financial investigations, statistical and probabilistic . . . → Read More: Privacy coins no more? CipherTrace files patents for tracing Monero transactions

BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

On Nov. 18, blockchain solutions provider BlockApps launched a blockchain-based agricultural crop tracking network called “TraceHarvest” — and one of the largest companies in the world, Bayer, is among its first users. 

TraceHarvest reportedly provides users with the ability to trace the life cycle of agricultural products starting from the source of seeds, . . . → Read More: BlockApps launches Ethereum-based Agritech network in collaboration with Bayer

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH

Bitcoin (BTC) has made a stellar comeback from its March lows in 2020 and this performance is getting noticed by institutional investors. Recently Rick Rieder, BlackRock’s CIO of fixed income, said that Bitcoin could replace gold as it is “more functional than passing a bar of gold around.”

Comments like these are a positive . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH

Battle of the Gigabrains: Vitalik Buterin to match wits with chess master

At 9 pm EST tonight, Ethereum co-founder and figurehead Vitalik Buterin will face off against chess streamer National Canadian Team player Alexandra Botez in an match event live-streamed on Twitch. 

The event came about following a series of matches and conversations held by members of the Ethereum-focused Bankless podcast and newsletter. After Vitalik . . . → Read More: Battle of the Gigabrains: Vitalik Buterin to match wits with chess master

How has the COVID-19 pandemic affected the crypto space? Experts answer

Who could have imagined a year ago how different our lives would be in just 12 months? Without any doubt, last November will remain a significant point in humanity’s history — the time when it all started. Although “patient zero” has not yet been confirmed — if it ever will be at all — . . . → Read More: How has the COVID-19 pandemic affected the crypto space? Experts answer

Ethereum 2.0 to boost DeFi but delayed launch may set the network back

This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on . . . → Read More: Ethereum 2.0 to boost DeFi but delayed launch may set the network back

Bretton Woods 2.0 is knocking at our door, and it’s not here to help

Barely 100 years ago at the start of the 20th century, people were able to exchange dollars for gold at their local bank. While gold was too hard to trade between people, banking institutions held gold and gave people cash for it. This was during what was known as the gold standard. Each . . . → Read More: Bretton Woods 2.0 is knocking at our door, and it’s not here to help

DeFi-ing expectations: Great opportunities in crypto can come at a price

While 2020 will go down as one of the toughest the world has faced collectively in many years, the success of the decentralized finance sector stands out as a major milestone for the cryptocurrency community.

Amid the ongoing COVID-19 pandemic, economies have shuddered, and governments and financial institutions have had to introduce drastic . . . → Read More: DeFi-ing expectations: Great opportunities in crypto can come at a price

Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November.

BTC/USD 1-hour chart. Source: Tradingview

Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.

According . . . → Read More: Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Multiparty computation: The Trojan Horse of crypto regulation

Every once in a while, the crypto community crowns a new king for secure transactions, and thelatest king seems to be multiparty computation, or MPC. This year, MPC adoption by custodial and noncustodial players has progressed and gained market traction at a rapid pace.

However, it could come at a price. MPC providers . . . → Read More: Multiparty computation: The Trojan Horse of crypto regulation

Parabolic rally ‘a real possibility’ after Ethereum price surges to $547

The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term.

In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May . . . → Read More: Parabolic rally ‘a real possibility’ after Ethereum price surges to $547

$pickle in a pickle as attacker swipes $20 million in “evil jar” exploit

In yet another attack on a major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. 

The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice that pickle’s cDAI jar — Pickle’s term for a yield-bearing vault — had . . . → Read More: $pickle in a pickle as attacker swipes $20 million in “evil jar” exploit

With share price outpacing Bitcoin, Riot Blockchain appoints new director

Last week, as share prices ripped upwards of 50% to levels not seen since the 2018 cryptocurrency bullrun, Riot Blockchain (NASDAQ: RIOT) appointed former director of the listing committee for the Toronto Stock Exchange, Hubert Marleau, to the Riot board of directors. 

The Colorado-based firm was in the market for a new director . . . → Read More: With share price outpacing Bitcoin, Riot Blockchain appoints new director

Key Bitcoin price metric shows pro traders are nervous about $19K BTC

This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards. 

While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO . . . → Read More: Key Bitcoin price metric shows pro traders are nervous about $19K BTC

Blockchain is good for hodling, but not for voting: Bad Crypto news of the week

Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just the US dollar that Bitcoin is bashing. It’s also hit all-time highs against the Russian ruble, the Colombian peso, the Brazilian real, the . . . → Read More: Blockchain is good for hodling, but not for voting: Bad Crypto news of the week

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 16–21

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Ray Dalio might be wrong Path to $20,000 Bitcoin . . . → Read More: BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 16–21

Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world’s largest cryptocurrency, BTC, to Binance Smart Chain’s DeFi (decentralized finance) ecosystem. 

However, hodlers may be cheering the renewed interest in BTCB for a different reason: each Bitcoin locked on . . . → Read More: Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

Jumping into the pool: How to earn a profit mining Bitcoin and Ether

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king . . . → Read More: Jumping into the pool: How to earn a profit mining Bitcoin and Ether

Smart contract standards: Making DeFi transactions on Ethereum more secure

Decentralized finance continues to make its impact on the crypto market, and with over $13 billion of total value of assets locked, DeFi projects are clearly resonating with eager crypto investors. Yet while the DeFi space has been progressing over the last year, a number of illegitimate projects have come to fruition, reminding some of . . . → Read More: Smart contract standards: Making DeFi transactions on Ethereum more secure

Price analysis 11/20: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV

Bitcoin’s (BTC) current rally has largely been led by investments from institutional investors and public listed companies. Data from Bitcointreasuries shows that companies hold about 4.54% of the current Bitcoin supply.

A survey of 700 high-net-worth individuals chosen from across the globe shows that about 73% of respondents either own or want to own . . . → Read More: Price analysis 11/20: BTC, ETH, XRP, LINK, LTC, BCH, DOT, BNB, ADA, BSV