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Meet Dmitry: Co-founder of Ethereum’s creator Vitalik Buterin

Dmitry Buterin is a self-made millionaire who fathered a billionaire who created a cryptocurrency that’s on its way to becoming a trillion-dollar asset.

Suffice to say the possibility that Buterin would found three multi-million dollar businesses and retire in his 40s was beyond his wildest imaginings growing up in Grozny, Chechnya in the former . . . → Read More: Meet Dmitry: Co-founder of Ethereum’s creator Vitalik Buterin

Ethereum price risks losing $4K on ‘rising wedge’ breakout fears

A selloff in Ether (ETH) on Nov. 16 has increased the chances of its price falling below $4,000.

ETH plunged 10% to around $4,100 amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below its fourth-quarter upward trendline support. 

ETH/USD daily price chart. Source: TradingView

ETH/USD also tested its . . . → Read More: Ethereum price risks losing $4K on ‘rising wedge’ breakout fears

Institutional Bitcoin products tag record AUM despite volume pulling back

Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2021.

According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weekly” report, Bitcoin (BTC) investment products saw total inflows of $97.5 million between Nov. 8 and Nov. 12 — pushing the . . . → Read More: Institutional Bitcoin products tag record AUM despite volume pulling back

Bitcoin has stalled, but here’s why pro traders still expect $80K by January

Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. For example, those analyzing the 3-day Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that initiated in late June.

Bitcoin price in USD on FTX. Source: Tradingview

Bears . . . → Read More: Bitcoin has stalled, but here’s why pro traders still expect $80K by January

Price analysis 11/15: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin (BTC) could not sustain its gains and succumbed to profit-booking as the U.S. trading markets started the week, possibly indicating that bears have not given up yet. 

PlanB, creator of the popular BTC stock-to-flow model, does not seem to be perturbed by the dull price action of the past few days. The analyst . . . → Read More: Price analysis 11/15: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, LUNA

Keep3rV1, WINk and UMA ignore Bitcoin price dip by posting 20%+ gains

The seesaw price action that the crypto market is known for is back on full display today as the modest gains Bitcoin (BTC) achieved over the weekend quickly disintegrated in the early market moves as the digital asset followed Tesla stock into the red. 

Fortunately, it’s not all bad news for altcoin traders and this . . . → Read More: Keep3rV1, WINk and UMA ignore Bitcoin price dip by posting 20%+ gains

What can Eric Adams do? The limits of turning New York City into a crypto hub

Despite his actual term at the helm of the New York City government kicking off some 1.5 months from now, Eric Adams, the city’s mayor-elect, has already started governing by publicity. Making the Empire City more business and tech-friendly is a centerpiece of Adams’ vocally projected agenda, and — much to the crypto . . . → Read More: What can Eric Adams do? The limits of turning New York City into a crypto hub

Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock

Bitcoin (BTC) tested $65,000 as support as United States markets opened Nov. 15 with a weekend surge that ended in a retracement.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts maintain positive BTC price outlook

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving back a chunk of its overnight gains, having hit local . . . → Read More: Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock

Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

Bitcoin’s (BTC) bullish sentiment received a minor setback on Nov. 12 afte the Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin exchange-traded product that planned to track Bitcoin’s spot price.

However, this negative development was followed by the successful activation of the Taproot soft fork on November 13. Bitcoin developer Hampus Sjöberg, who runs . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

Without quantum security, our blockchain future is uncertain

News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, became the first widely known example of . . . → Read More: Without quantum security, our blockchain future is uncertain

6 Questions for Anton Bukov of 1inch Network

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols.

Anton has been writing . . . → Read More: 6 Questions for Anton Bukov of 1inch Network

Bitcoin sets up nail-biting weekly close after Taproot goes live

Bitcoin (BTC) traded above a key zone into the weekly close on Nov. 13 after the successful activation of the Taproot soft fork.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView What ETF rejection?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding above $64,000 at 10 am UTC Sunday.

The pair had gained . . . → Read More: Bitcoin sets up nail-biting weekly close after Taproot goes live

BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade

The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit).

. . . → Read More: BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade

Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

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 Crypto markets tag $3T combined market cap for first . . . → Read More: Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

Bitcoin Taproot upgrade improves the network as BTC price impact may be limited

Bitcoin is set to undergo a major network upgrade, Taproot, on Nov. 14 as per data from Taproot.watch. This is the first significant upgrade since the Segregated Witness (SegWit), which eventually culminated in the development and launch of the Lightning Network in 2018. The original Taproot proposal was made by Bitcoin core contributor and . . . → Read More: Bitcoin Taproot upgrade improves the network as BTC price impact may be limited

Bitcoin halts losses amid criticism ETF rejections have cost investors ‘12,700% gains’

Bitcoin (BTC) tapered losses on Nov. 13 as the market showed little interest in U.S. regulators refusing to allow a spot exchange-traded fund (ETF).

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ETF rejection causes few market headaches

Data from Cointelegraph Markets Pro and TradingView showed calm conditions for BTC/USD into the weekend, the pair acting . . . → Read More: Bitcoin halts losses amid criticism ETF rejections have cost investors ‘12,700% gains’

Limit order protocols offer more flexibility and efficiency to DEX traders

As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. 

Unlike a market . . . → Read More: Limit order protocols offer more flexibility and efficiency to DEX traders

Chinese provincial official expelled for violating crypto mining ban

The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful engagement with crypto mining activities among other abuse of power. 

The Central Commission for Discipline Inspection (CCDI) alleged that Xiao Yi, former vice-chairman of the Chinese People’s Political Consultative Conference from Jiangxi province abused his . . . → Read More: Chinese provincial official expelled for violating crypto mining ban

Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem.

As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially . . . → Read More: Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website.

A number of blocks have . . . → Read More: MyEtherWallet allows users to mint Ethereum blocks as NFTs

Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’

Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought and sold in the past month. Each Axie is a nonfungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar in theme to Nintendo’s Pokemon series, Axies come in different rarity types, with varying . . . → Read More: Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’

Pew Research Center: At least 16% of Americans have owned crypto

A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket. Black, Hispanic and Asian participants in the . . . → Read More: Pew Research Center: At least 16% of Americans have owned crypto

Price analysis 11/12: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin (BTC) price continues to weaken following the shakeout of the leveraged traders in the derivatives markets on Nov. 10. This caused the derivative funding rates to drop to the neutral territory of 0.01% across exchanges.

Data analysis firm Arcane Research said in its latest weekly newsletter that the derivatives markets had matured compared . . . → Read More: Price analysis 11/12: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio

In a live recording with Reddit’s r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O’Leary discussed how cryptocurrencies now make up 10% of his investment portfolio:

“At the beginning of the year, I was at 3% weighting; the target was to get 7% by year-end. However, because of the appreciation of so many of . . . → Read More: Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio

Traders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K

Bears swooped in to seize the upper hand on Nov. 12 after news that the United States Securities and Exchange Commission (SEC) had rejected the VanEck spot Bitcoin (BTC) exchange-traded fund (ETF) application made ripples through the crypto sphere and deflated the bullish momentum that had been building throughout the week. 

While many investors . . . → Read More: Traders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K

Finance Redefined: ENS airdrops token, and SEC’s Crenshaw speaks on DeFi, Nov. 5–12

Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.

Ethereum Name Service announced a retroactive token airdrop this week to a fanfare of crypto enthusiasts. If you happen to own a .eth domain, read on to discover how you can claim your eligible tokens.

What you’re about to read is the smaller . . . → Read More: Finance Redefined: ENS airdrops token, and SEC’s Crenshaw speaks on DeFi, Nov. 5–12

SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K

The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager VanEck’s spot Bitcoin exchange-traded fund months after the firm submitted its application.

According to a Friday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin (BTC) Trust. . . . → Read More: SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K

Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel

Ethereum’s native token, Ether (ETH), could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers.

The rising trendline has been triggering ETH’s price rebounds since the beginning of October and comes as a part of a broader ascending channel . . . → Read More: Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel

Sotheby’s will take ETH bids in real time for Banksy auction

Prestigious auction house Sotheby’s has announced it will accept Ether (ETH) bids in real-time for its Nov. 18 auction that includes works by famed street artist Banksy.

Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on . . . → Read More: Sotheby’s will take ETH bids in real time for Banksy auction

Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market.

During this Wednesday’s Nov. 10 DealBook summit hosted . . . → Read More: Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

Miami will hand out free Bitcoin to residents from profits on city coin

Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. 

“We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11.

Citycoins launched the MiamiCoin . . . → Read More: Miami will hand out free Bitcoin to residents from profits on city coin

Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K

Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. 

Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low . . . → Read More: Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K

Bitfarms expands to US, plans green crypto mining operation in Washington

Canadian Bitcoin mining company Bitfarms is planning to build its first data center in the United States following the purchase of a land plot in Washington State.

In a Nov. 11 announcement, Bitfarms said it aimed to establish mining operations in the U.S. capable of 620 petahashes per second using 6,200 Bitmain rigs . . . → Read More: Bitfarms expands to US, plans green crypto mining operation in Washington

Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves

In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed the goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million.

During the quarter, Hut 8 generated 50.34 million (CA$) (worth around $40 million) . . . → Read More: Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves

Ascending channel pattern and Ethereum options data back traders’ $5K ETH target

Ether (ETH) bulls seem excited by the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in Bitcoin (BTC) terms. But it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected . . . → Read More: Ascending channel pattern and Ethereum options data back traders’ $5K ETH target

Crypto kids fight Facebook for the soul of the Metaverse

With Facebook and Microsoft engaged in a virtual land grab, is there still a future for the dream of a Metaverse that’s owned and built by the community?

A dinosaur walks into a bar, orders a whiskey neat and sits down with a pink elephant and a purple, hard-to-place obscure anime character. They watch . . . → Read More: Crypto kids fight Facebook for the soul of the Metaverse

Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction canceled out previous snap gains.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No free lunch” for speculators

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.

The pair had moved up sharply on . . . → Read More: Here’s why Bitcoin losing $6K in hours was good for BTC price action

Proshares Bitcoin futures fund in top 2% of all ETFs for volume

Since its launch on Oct. 19 Proshares’ Bitcoin futures exchange-traded fund (ETF) has been a popular choice with traders, rising to the top 2% of all ETFs in terms of total trading volume.

Bloomberg’s Senior ETF analyst Eric Balchunas noted on Nov. 11 that the ProShares Bitcoin Strategy ETF (BITO) had $400 . . . → Read More: Proshares Bitcoin futures fund in top 2% of all ETFs for volume

Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds

The launch of ETH2 staking service Rocket Pool saw it hit its stage two cap in just 45 seconds according to the co-founder of hosting partner Allnodes Konstantin Boyko-Romanovsky.

In its first two days of operations, Rocket Pool has registered 237 node operators across 42 global locations, with 1088 ETH staked. According to an . . . → Read More: Rocket Pool Eth2 staking service launches, hits stage two cap in 45 seconds

Record-high inflation prompts investors to take a closer look at Bitcoin

Consumers in the United States and around the world continue to feel the pinch of inflation and recent data shows that the Consumer Price Index (CPI) rose 6.2% in October when compared to last year, a development which further cast doubt on the “transitory” inflation narrative coming out of the Federal Reserve.

. . . → Read More: Record-high inflation prompts investors to take a closer look at Bitcoin

Bitcoin price briefly hits $69K ATH before plummeting back to Earth

Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000 drop which plunged BTC price below $63,000.

Interestingly, this morning’s breakout initiated right as . . . → Read More: Bitcoin price briefly hits $69K ATH before plummeting back to Earth

Landry’s Restaurant Group to introduce Bitcoin loyalty program

Landry’s Restaurant Group announced a partnership with cryptocurrency firm NYDIG on Tuesday that will enable diners to earn $25 worth of Bitcoin for every $250 spent at the hospitality conglomerate’s eateries.

Landry’s will also begin keeping a portion of its corporate treasury reserves in Bitcoin under the care of NYDIG. The company is . . . → Read More: Landry’s Restaurant Group to introduce Bitcoin loyalty program

Fresh Bitcoin price highs put bulls in profit for Friday’s $1.2B BTC options expiry

Every time a new Bitcoin (BTC) all-time high is formed, excessive expectations follow. This time was no different as its price briefly touched $69,000 in the early hours of Nov. 9. 

Bitcoin 8h, we got our November 9th historical correction, seems to be very minor for now. Naturally I expect at bigger . . . → Read More: Fresh Bitcoin price highs put bulls in profit for Friday’s $1.2B BTC options expiry

ENS’ director of operations says that DAO-based governance ‘has always been the plan’

On Monday, distributed domain protocol Ethereum Name Service, or ENS, launched its own governance token in an effort to distribute voting rights for its new decentralized autonomous organization, or DAO, to active users of the ecosystem.

Cointelegraph spoke with Brantly Millegan, ENS’ director of operations, to learn more about the nonprofit’s decision to . . . → Read More: ENS’ director of operations says that DAO-based governance ‘has always been the plan’

Price analysis 11/10: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin (BTC) and Ether (ETH) have again risen to a new all-time high on Nov. 10, indicating that the trend remains firmly in favor of the bulls.

In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017.

. . . → Read More: Price analysis 11/10: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Early Ethereum Name Service (ENS) adopters rewarded with a hefty five-figure airdrop

Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the popular Ethereum Name Service protocol, which issues nonfungible tokens that double as Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized autonomous organization (DAO) token.

The resulting airdrop translated to an . . . → Read More: Early Ethereum Name Service (ENS) adopters rewarded with a hefty five-figure airdrop

To work for everyone, the Metaverse must be decentralized

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.

What’s in a name? A whole metaverse is what one could be led to believe when looking at . . . → Read More: To work for everyone, the Metaverse must be decentralized

Suddenly, Bitcoin hits new all-time high after $2K gains in minutes

Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. The BTC price jump also coincided with news that United States inflation hit a 30-year high in October, as reported by the Wall Street Journal.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin and Ether “relentlessly up”

Data from Cointelegraph . . . → Read More: Suddenly, Bitcoin hits new all-time high after $2K gains in minutes

University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain

In a Friday morning announcement, the University of Cambridge revealed it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that purchasers of carbon credits . . . → Read More: University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain

Bitcoin has further to fall before BTC attacks $70K, says trader

Bitcoin (BTC) remains bullish but has “one more leg down” to complete before a resurgence, one trader argues.

In an analysis on Nov. 10, popular Twitter account Crypto Ed said that the pullback from this week’s all-time highs above $68,500 was turning out to be deeper than anticipated.

Target $65,000 for Bitcoin

“Going a bit . . . → Read More: Bitcoin has further to fall before BTC attacks $70K, says trader

Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support

Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin’s move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels.

As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find . . . → Read More: Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support

Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9.

The number of externally owned Ethereum accounts (EOAs) holding at least 32 ETH fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming . . . → Read More: Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights

Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying crypto plans

Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla (TSLA) stock.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tesla falls 12%, Bitcoin 2%

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fall in line with TSLA shortly after the Wall St. open.

The pair hit $66,650 . . . → Read More: Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying crypto plans

Crypto sustainability and green solutions highlighted at COP26

Cointelegraph editor-in-chief Kristina Cornèr spoke at the United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland, on Tuesday about the positive impact of the cryptocurrency ecosystem on environmental objectives.

Arriving in Scotland’s second-largest city following panel hosting duties at Lisbon’s Web Summit last week, Cornèr spoke on topics ranging from establishing interoperable relationships . . . → Read More: Crypto sustainability and green solutions highlighted at COP26

These publicly traded firms are pulling institutions into crypto

Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors.

From being a domain of bedroom coders to a growing financial sector with over $2 trillion in market capitalization, the crypto space has . . . → Read More: These publicly traded firms are pulling institutions into crypto

Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’

Bitcoin (BTC) could nail the now-popular $98,000 price target — but it could end up being the cycle top, new research argues.

In its “October 2021 Market Recap & Outlook,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run.

Copycat Bitcoin may . . . → Read More: Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’

Discord community splits as CEO unveils pre-released Ethereum integration

Instant messaging platform Discord may soon launch support for MetaMask and WalletConnect integrations as evidenced by a pre-release screenshot shared by the platform’s CEO, Jason Citron. However, a portion of the Discord community raised concerns about the update while threatening to cancel its Nitro subscriptions.

Citron’s announcement of the upcoming Ethereum blockchain integration came . . . → Read More: Discord community splits as CEO unveils pre-released Ethereum integration

Ethereum Name Service’s new token already has a fully diluted cap of $3.1B

The Ethereum Name Service (ENS) launched its governance token, ENS, on Monday, which will be used to further the decentralization of the popular domain service for Ethereum wallets.

The official announcement on Mirror from Ethereum Name Service states that the ENS token will be used to vote on a proposed constitution and govern . . . → Read More: Ethereum Name Service’s new token already has a fully diluted cap of $3.1B

Matter Labs raises $50M to build EVM-compatible zk-Rollups

Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.

On Monday, Matter Labs announced it had secured $50 million in a Series B round led by Andreessen Horowitz and included participation from existing investors Placeholder and Dragonfly Capital. The new round follows Matter . . . → Read More: Matter Labs raises $50M to build EVM-compatible zk-Rollups

Carbon-neutral crypto spot ETFs to launch in Canada

Two carbon-neutral cryptocurrency-backed exchange-traded funds (ETF) are poised to launch in Canada, offering a greener alternative for institutional investors.

Canada-based asset manager Purpose Investments is preparing to launch two new crypto-based ETFs on the Toronto Stock Exchange on Tuesday, both of which offer investors a carbon offset.

Purpose will launch its Bitcoin . . . → Read More: Carbon-neutral crypto spot ETFs to launch in Canada

Record whale accumulation precipitated latest all-time high Bitcoin breakout

Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%. 

On-chain analytics provider Glassnode identified the milestone in its Nov. 8 “The Week Onchain” report, concluding: “Investors . . . → Read More: Record whale accumulation precipitated latest all-time high Bitcoin breakout

New ATH renews faith in PlanB’s prediction of $98K BTC by December

Bitcoin (BTC) has broken into new all-time highs, with the asset last changing hands in the mid $67,000-range.

During the final hour of Nov. 8 UTC time, BTC pushed into uncharted prices, with bulls firmly taking control of the markets as price action retested Oct. 20’s previous high of roughly $67,000.

BTC/USD: TradingView

The . . . → Read More: New ATH renews faith in PlanB’s prediction of $98K BTC by December

3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy

Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data.

Most protocols have now shifted to proof-of-stake but Kadena . . . → Read More: 3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy

Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls

The bulls are on the march again and this time they’ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level.

Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high . . . → Read More: Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls

Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX

Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko.

Data from Santiment shows that Bitcoin whales holding between . . . → Read More: Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX

Bitcoin flippens Tesla and Facebook — will Amazon be next?

After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook.

According to data from AssetDash, Bitcoin (BTC) is now the sixth most valuable asset by market capitalization among major companies, behind . . . → Read More: Bitcoin flippens Tesla and Facebook — will Amazon be next?

DeFi tokens see double-digit gains as Ethereum and Bitcoin chase new highs

Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed its price back above $66,000 and Ether (ETH) hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kick-start a market-wide rally that lifted the total cryptocurrency . . . → Read More: DeFi tokens see double-digit gains as Ethereum and Bitcoin chase new highs

Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap

Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin beats Tesla by market cap

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 . . . → Read More: Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap

Crypto.com supports Cronos cross-bridge mainnet beta launch

Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.

The release will enable developers to port decentralized applications and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low cost and fast speed . . . → Read More: Crypto.com supports Cronos cross-bridge mainnet beta launch

Ethereum back in price discovery as ETH approaches $5K

Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week.

ETH’s price rose by 3.30% in the past 24 hours to $4,770 for the first time in it history as Bitcoin (BTC) reclaimed . . . → Read More: Ethereum back in price discovery as ETH approaches $5K

How cautiously bullish Bitcoin traders use options to maintain BTC exposure

Bitcoin (BTC) traders appear undecided on the next step and this is reflected in the price oscillating between $58,400 and $63,400 over the last 14 days. There are some bearish signals coming from the United States regulatory front, but at the same time,the Bitcoin exchange-traded funds (ETF) surpassing $1.2 billion in assets under management . . . → Read More: How cautiously bullish Bitcoin traders use options to maintain BTC exposure

Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, AVAX, EGLD

Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 while the total crypto market capitalization has continued its northward journey. This indicates that the price action has shifted from Bitcoin to altcoins.

CryptoQuant CEO Ki Young Ju said that Bitcoin whales are selling but this has not . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, AVAX, EGLD

How blockchain technology might bring triple-A games to metaverses

Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is that the very things that capture the imagination of the . . . → Read More: How blockchain technology might bring triple-A games to metaverses

Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes

Bitcoin (BTC) fan, Tesla CEO and world’s richest man Elon Musk says he will sell 10% of Tesla stock (TSLA) — if Twitter tells him to.

In a Twitter survey on Nov. 6, Musk entered the debate on United States tax policy by offering to test it with a sale currently worth $23 billion.

. . . → Read More: Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes

Bitcoin consolidates right below Fib level that triggered 2013 all-time highs

Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is “not the time” to sell BTC.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Not the time to be selling”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering near $62,000 throughout Sunday.

The pair had continued a flat period over . . . → Read More: Bitcoin consolidates right below Fib level that triggered 2013 all-time highs

6 Questions for Daniela Barbosa of Hyperledger

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Daniela Barbosa, general manager for blockchain, healthcare and identity at the Linux Foundation and executive director . . . → Read More: 6 Questions for Daniela Barbosa of Hyperledger

DeFi can be 100 times larger than today in 5 years

Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 . . . → Read More: DeFi can be 100 times larger than today in 5 years

‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz

Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse . . . → Read More: ‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz

Reddit to reportedly tokenize karma points and onboard 500M new users

American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.

A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As . . . → Read More: Reddit to reportedly tokenize karma points and onboard 500M new users

An inside look at the moral and technical considerations of crypto social media

Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly . . . → Read More: An inside look at the moral and technical considerations of crypto social media

House passes $1T infrastructure bill with crypto tax for Biden’s approval

The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill which, if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.

The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and . . . → Read More: House passes $1T infrastructure bill with crypto tax for Biden’s approval

Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting and governance rights. Both the initial . . . → Read More: Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Acting CoC Hsu: More crypto regulation is needed

In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J. Hsu called for greater regulation of universal crypto firms.

“Large, universal crypto firms—especially issuers of highly-circulated stablecoins—should embrace comprehensive, consolidated supervision. At the same time, federal and state bank regulators should prioritize the development of . . . → Read More: Acting CoC Hsu: More crypto regulation is needed

Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000. 

Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line . . . → Read More: Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Burger King gives away free crypto, bulls predict $98K BTC in November and Australian mega bank offers crypto trading services: Hodler’s Digest, Oct. 31-Nov. 5

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 ‘Uptober’ closes at record high in best month of . . . → Read More: Burger King gives away free crypto, bulls predict $98K BTC in November and Australian mega bank offers crypto trading services: Hodler’s Digest, Oct. 31-Nov. 5

Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Price action in the crypto market has not been for the faint of heart over the past 48 hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs. 

While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of . . . → Read More: Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Argo Blockchain’s Texas mining facility could cost up to $2B

United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion.

According to a Friday regulatory filing from Argo, the $2 billion cost estimate for the Helios mining facility built on a 320-acre land plot in Texas was . . . → Read More: Argo Blockchain’s Texas mining facility could cost up to $2B

Bitcoin whale selling jumps while BTC price holds $60K and buyers snap up supply

Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week.

As confirmed by on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days.

Whale coins find a new home

A familiar event but with curious timing . . . → Read More: Bitcoin whale selling jumps while BTC price holds $60K and buyers snap up supply

Metamask founder Joel Dietz is a true Renaissance man

Joel Dietz, founder of Metamask and founding team member of Ethereum, is a romantic at heart. He creates art as ?“Cryptoapollo” that reflects the intersection between traditional art and technology.

“I have a very classical romantic temperament, which can be hard to bring into the modern world since romantically inclined people can be suppressed . . . → Read More: Metamask founder Joel Dietz is a true Renaissance man

Bitcoin only needs to break $64K to run to new all-time highs — Analyst

Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “So near yet so far” for BTC price all-time high

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD drawing little attention as it tracked sideways around . . . → Read More: Bitcoin only needs to break $64K to run to new all-time highs — Analyst

Nervos debuts mainnet beta layer-two blockchain project

Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken.

The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. 

Built upon the existing Nervos layer-one network, the multichain solution seeks to capitalize on Ethereum’s . . . → Read More: Nervos debuts mainnet beta layer-two blockchain project

American grocer Kroger says Bitcoin Cash press release was fraudulent

Disclaimer: This article initially reported that Kroger would accept Bitcoin Cash. It has since been amended following new information.

American grocery store chain Kroger has denied claims that it is accepting cryptocurrency payments.

The major retailer said that a press release stating it would accept Bitcoin Cash (BCH) at all of its stores, as . . . → Read More: American grocer Kroger says Bitcoin Cash press release was fraudulent

New study reveals which US cities lead crypto hires in 2021

Metropolises have led the crypto-related hires in the United States in 2021, but jobs in the space are well-dispersed around the country, LinkedIn data revealed.

A new study conducted by LinkedIn for Bloomberg shows that there is not a single hub for crypto or blockchain specialists in the United States. Searching through LinkedIn . . . → Read More: New study reveals which US cities lead crypto hires in 2021

Shanghai Man: $130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  

It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, . . . → Read More: Shanghai Man: $130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission

Square’s Cash App Bitcoin profits fall 23% — Will opening it to teenagers help?

Jack Dorsey’s payments company Square Inc. revealed in its Q3 earnings report that mobile payments app Cash App saw a 23% drop in quarterly profits generated by Bitcoin.

But Bitcoin profits and revenue are both up year on year.

Square attributes the drop off in quarter-on-quarter Bitcoin revenue and gross profit to . . . → Read More: Square’s Cash App Bitcoin profits fall 23% — Will opening it to teenagers help?

“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme

Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000.

In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks . . . → Read More: “PlugWalkJoe” indicted for $784k cryptocurrency theft scheme

Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.” 

Fast forward to November 2021 and the simple act . . . → Read More: Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network

Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday.

Ozone is a decentralized insurance mechanism that provides coverage in the event of technical failures on the Terra DeFi ecosystem. The latter is a . . . → Read More: Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network

Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from United States Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond-buying. 

These statements appear to have kicked off a series of price decreases . . . → Read More: Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate

Newly-elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin (BTC).

In a Thursday response on Twitter to Francis Suarez — re-elected for another term as of Tuesday — Adams said he would be matching the . . . → Read More: NYC and Miami mayors duke it out on Twitter over who is the bigger crypto advocate