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Bitcoin’s $50K resistance to become support in Q4 — Bloomberg commodity strategist

Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone.

On Tuesday, McGlone circulated the October 2021 edition of the Bloomberg Galaxy Crypto . . . → Read More: Bitcoin’s $50K resistance to become support in Q4 — Bloomberg commodity strategist

Bitcoin returns to $1T asset as BTC price blasts to $55K

Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fully cancels out China mining rout

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD hurtling to $55,500 on Oct. 6.

The . . . → Read More: Bitcoin returns to $1T asset as BTC price blasts to $55K

UAE crypto exchange BitOasis raises $30M to expand in MENA

Dubai-based cryptocurrency trading platform BitOasis is expanding in the Middle East and North Africa (MENA) with another major funding round.

BitOasis closed a $30-million Series B funding round led by Chicago-based venture capital firm Jump Capital and Dubai-based VC company Wamda Capital, according to a Tuesday announcement.

Wamda previously invested in BitOasis back in . . . → Read More: UAE crypto exchange BitOasis raises $30M to expand in MENA

‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until December

Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years.

In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run.

Stochastic RSI sees “especially . . . → Read More: ‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until December

AMC Theatres debuts crypto payments for e-gift card purchases

American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards.

AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theaters, CEO Adam Aron announced on Tuesday.

The new . . . → Read More: AMC Theatres debuts crypto payments for e-gift card purchases

Mirror opens access to its blockchain blogging platform to all

Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only.

Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token, . . . → Read More: Mirror opens access to its blockchain blogging platform to all

Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K

The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC up near the $51,900.

Data from Cointelegraph Markets Pro and TradingView shows that after a brief period of consolidation, bulls resumed their drive higher . . . → Read More: Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K

Bitcoin price is back at $50K, but exactly how ‘bullish’ are the bulls?

Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn’t seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed Ether’s (ETH) attempt to break $3,650 over the next six days. 

Regulation seems to be . . . → Read More: Bitcoin price is back at $50K, but exactly how ‘bullish’ are the bulls?

Traders pile into altcoins after Bitcoin bulls take hold of $50K

Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft-disputed level. 

The strength of Bitcoin (BTC) has also helped to kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%.

Top 7 coins with the highest . . . → Read More: Traders pile into altcoins after Bitcoin bulls take hold of $50K

What it’s like when the banks collapse: Iceland 2008 firsthand

Many Bitcoiners look forward to the day in the future when the banking system collapses and hyper-Bitcoinization occurs.

But Jared Bibler — an American who experienced the most dramatic banking and share market collapse in living memory in Iceland in 2008 — says the reality is something no one would ever want to experience.

. . . → Read More: What it’s like when the banks collapse: Iceland 2008 firsthand

$50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level

Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay.

In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent BTC price action as the “ultimate bear trap.”

Analyst predicts more suffering for Bitcoin bears

After . . . → Read More: $50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level

These 3 indicators flashed bullish ahead of the recent Bitcoin price pump

In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation. 

While it may be easy to connect a regulatory statement or pending legislation to the outcome of an asset’s price, there’s not . . . → Read More: These 3 indicators flashed bullish ahead of the recent Bitcoin price pump

Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the “fear” zone and into the “neutral’ state on Oct. 4. 

Crypto Fear . . . → Read More: Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Price analysis 10/4: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, LUNA, UNI

Bitcoin (BTC) is facing rejection near $50,000, indicating that bears are not ready to give up without a fight. Many analysts expect Bitcoin to soar in the last quarter of the year and stock-to-flow model creator PlanB says the “worst-case scenario” for Bitcoin in October is $63,000 and $98,000 by November.

PlanB is not alone in . . . → Read More: Price analysis 10/4: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, LUNA, UNI

Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

The wider cryptocurrency market fell under pressure on Oct. 4 as the momentum generated by Bitcoin’s (BTC) weekend spike above $49,000 was overshadowed by more global concerns related to the global financial system, rising inflation and supply chain challenges. 

Despite these struggles, many altcoins managed to rally and at the time of writing, the . . . → Read More: Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

$200K BTC price ‘programmed’ as Bitcoin heads toward 2nd RSI peak

Bitcoin (BTC) is headed to what is arguably a mathematically “programmed” all-time high of $200,000 or more, hints the latest data.

In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin’s relative strength index (RSI).

2021 Bitcoin RSI simply follows the pattern

While still lingering below . . . → Read More: $200K BTC price ‘programmed’ as Bitcoin heads toward 2nd RSI peak

Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, XTZ, AXS

The sentiment in the crypto markets can change quickly as seen from the Crypto Fear and Greed Index, which has risen from levels of extreme fear on Sept. 30 to neutral today. The sentiment may improve further if Bitcoin (BTC) breaks out and sustains above the psychologically critical level at $50,000.

One important event . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, XTZ, AXS

Bitcoin price surge to $49K prompts several altcoins to hit new all-time highs

On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 level, a move that prompted many traders on crypto Twitter to call for the top-ranked digital asset to knock down the psychological resistance at $50,000.

Data from Cointelegraph Markets Pro and TradingView shows that after trading in a . . . → Read More: Bitcoin price surge to $49K prompts several altcoins to hit new all-time highs

Money in 2030: A future where DeFi and CBDCs can work together

Decentralized finance (DeFi) is changing the way that people all over the world think about money faster than any previous financial revolution. Banks, which have monopolized the way we’ve accessed money since antiquity, are finally seeing their status being challenged. Now, it’s DeFi which is starting to provide an alternative that could turn . . . → Read More: Money in 2030: A future where DeFi and CBDCs can work together

Beyond Bitcoin: The future of digital assets is bigger than the first crypto

While change is guaranteed, the scale and scope of that change are not. For the financial industry, blockchain — the technology that undergirds Bitcoin (BTC), Ether (ETH), nonfungible tokens (NFTs) and other digital assets — has brought us to the crossroads. 

What will the future of money look like?

We have been . . . → Read More: Beyond Bitcoin: The future of digital assets is bigger than the first crypto

6 Questions for Lisa N. Edwards of Getting Started In Crypto

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 Lisa N. Edwards, a cryptocurrency trading specialist who runs and co-owns Getting Started In Crypto.

Lisa . . . → Read More: 6 Questions for Lisa N. Edwards of Getting Started In Crypto

Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021

Bids for Ethereum’s native token Ether (ETH) could rise to $13,000 in the next two months if history repeats.

So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once . . . → Read More: Ethereum fractal from 2017 that resulted in 7,000% gains for ETH appears again in 2021

Want to improve blockchain infrastructure? Work under layer-two solutions

There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and nonfungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly impact even the . . . → Read More: Want to improve blockchain infrastructure? Work under layer-two solutions

Risk-averse Ethereum traders use this options strategy to increase exposure to ETH

On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges’ diminishing supply, and a “cup and handle” bullish continuation chart formation.

Traders . . . → Read More: Risk-averse Ethereum traders use this options strategy to increase exposure to ETH

Morgan Stanley acquires more GBTC, Alibaba to halt crypto mining gear sales, and a possible scenario for $6 million BTC: Hodler’s Digest, Sept. 26-Oct. 2

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 DOGE co-founder sets sights on Ethereum bridge and NFTs . . . → Read More: Morgan Stanley acquires more GBTC, Alibaba to halt crypto mining gear sales, and a possible scenario for $6 million BTC: Hodler’s Digest, Sept. 26-Oct. 2

Bitcoin investors ‘no longer fearful’ — Watch this BTC price level next

Bitcoin (BTC) stayed higher on Oct. 2 after a “fantastic” break to the upside upended market sentiment.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $45,000 BTC price floor 

Data from Cointelegraph Markets Pro and TradingView followed eerie calm on BTC/USD after Oct. 1’s sudden upside volatility saw $3,000 added in an hour.

The . . . → Read More: Bitcoin investors ‘no longer fearful’ — Watch this BTC price level next

The focus of the blockchain climate discussion is missing the point

As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to withdraw its plans to accept BTC as payment for its electric . . . → Read More: The focus of the blockchain climate discussion is missing the point

Grayscale adds SOL and UNI to Digital Large Cap Fund portfolio

Grayscale Investments, a New-York based crypto asset manager, now includes Solana’s SOL and Uniswap’s UNI tokens in its Grayscale Digital Large Cap Fund (GDLC) portfolio after rebalancing its basket of cryptocurrencies. 

The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring well-performing crypto assets. Based . . . → Read More: Grayscale adds SOL and UNI to Digital Large Cap Fund portfolio

OMG eyes a new all-time high after unveiling its ‘Boba Network’ layer-2 solution

In September the frenzy that propelled the nonfungible token (NFT) sector quieted down but a burst of fresh energy emerged as the layer-two sector heated after the successful launch of Ethereum (ETH) scaling solutions like Arbitrum and Optimism. 

Another project that has benefited from the sector’s transition to layer-1 and layer-2 alternatives is OMG . . . → Read More: OMG eyes a new all-time high after unveiling its ‘Boba Network’ layer-2 solution

Price analysis 10/1: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI

The month of September stayed true to its billing as a historically weak period for cryptocurrencies. Bitcoin (BTC) closed the month with a loss of about 7%. However, October may bring cheer to the bulls because Bitcoin has risen in six of the past eight years, falling only in 2014 and 2018.

The bulls . . . → Read More: Price analysis 10/1: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI

Altcoins take the next leg up after Bitcoin price holds $47.5K

Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions. 

The altcoin market quickly followed suit with a majority of the tokens in the top 200 . . . → Read More: Altcoins take the next leg up after Bitcoin price holds $47.5K

3 factors that can send Ethereum price to 100% gains in Q4

Ethereum’s native token, Ether (ETH), has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators.

Ether’s price soared by more than 9% on Oct. 1 to hit nearly $3,300 for the first time in 10 days. Its gains surfaced primarily in the . . . → Read More: 3 factors that can send Ethereum price to 100% gains in Q4

Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market

Bitcoin (BTC) failed to break the so-called September curse, with its price falling by a little over 7% into the month despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in October, a month known for painting aggressive bullish reversals.

Bybt data shows that Bitcoin has . . . → Read More: Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market

Crypto City: Guide to Tokyo

This “Crypto City” guide looks at Tokyo’s crypto culture, the city’s most notable projects and people, its financial infrastructure at which retailers accept crypto and where you can find blockchain education courses — and there’s even a short history with all the juicy details of famous controversies and collapses.

Fast facts

City: Tokyo

Country: . . . → Read More: Crypto City: Guide to Tokyo

SEC extends four Bitcoin ETF deadlines by 45 days

The United States Securities and Exchange Commission has extended the deadline of four Bitcoin exchange-traded funds (ETF) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications. 

The approval of four Bitcoin (BTC) ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, . . . → Read More: SEC extends four Bitcoin ETF deadlines by 45 days

French regulator warns against unauthorized crypto platforms

French stock market regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services.

On Friday, AMF updated its web portals, identifying those that offer crypto and foreign exchange (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments alongside 12 . . . → Read More: French regulator warns against unauthorized crypto platforms

Analyst nails Bitcoin monthly close 2 months running — His October target is $63K

Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB’s prediction

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels . . . → Read More: Analyst nails Bitcoin monthly close 2 months running — His October target is $63K

Value locked in DeFi grows 936% in 1 year, NFT sector strengthens: DappRadar

New research by analytics platform DappRadar has revealed the extent to which decentralized finance (DeFi) and nonfungible token (NFT) markets have grown this year.

In its Thursday “Value Flow Report,” DappRadar reported that recent trends have seen sizable growth in NFTs and blockchain gaming but that DeFi is also still generating substantial value.

“Although . . . → Read More: Value locked in DeFi grows 936% in 1 year, NFT sector strengthens: DappRadar

Société Générale proposes historic $20M DAI loan in exchange for bond tokens

One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.

The historic proposal, called “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the first major collaboration . . . → Read More: Société Générale proposes historic $20M DAI loan in exchange for bond tokens

Shanghai Man: Looking deeper into China’s biggest ban yet

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.  

Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer before finally tightening . . . → Read More: Shanghai Man: Looking deeper into China’s biggest ban yet

DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation

Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. 

Part of China’s . . . → Read More: DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation

Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes

Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China’s ban on crypto trading appear to have severely impacted traders’ morale. 

Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some . . . → Read More: Bears intend to pin Bitcoin price below $43K until Friday’s $700M expiry passes

Rari, Telos and Polymath rally as Bitcoin price hits $44K

Crypto traders breathed a sigh of relief on Sept. 30 after media headlines reflected positive news regarding adoption and future regulation in the crypto sector. Early in the day, Visa announced that it has developed a layer-2-based blockchain interoperability hub that will support cryptocurrency payments and Federal Reserve chair Jerome Powell stated that the regulator . . . → Read More: Rari, Telos and Polymath rally as Bitcoin price hits $44K

Ethereum bears look to score on Friday’s $340M weekly ETH options expiry

Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that . . . → Read More: Ethereum bears look to score on Friday’s $340M weekly ETH options expiry

BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown:

Next, trader Gareth Soloway joins the show to discuss the recent correlation between BTC and the stock market, . . . → Read More: BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway

Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation

An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5.

Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout . . . → Read More: Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail.

Powers On… is a monthly opinion column from Marc Powers, who . . . → Read More: Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

NFT trading game Axie Infinity launches AXS staking program

Axie Infinity, a play-to-earn nonfungible token (NFT) game based on the Ethereum blockchain, announced the launch of a staking program for its native token, Axie Infinity Shards (AXS). 

AXS holders can start staking their tokens, while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand, according . . . → Read More: NFT trading game Axie Infinity launches AXS staking program

Polygon briefly overtakes Ethereum for active addresses after 330% surge

Layer-two protocols have seen monumental growth this year, and in terms of active addresses, one such protocol has briefly surpassed the network for which it is a scaling solution.

The number of daily active unique addresses on layer-two aggregator Polygon has surpassed those on the high-fee layer-one Ethereum according to Polygon co-founder Mihailo Bjelic.

. . . → Read More: Polygon briefly overtakes Ethereum for active addresses after 330% surge

Bragging rights: Twitter previews verification badge for NFT profile pics

Twitter has unveiled an in-development tool that will enable users to display a verified nonfungible token (NFT) as their profile picture.

Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to their accounts. Users can simply edit their profile, connect a cryptocurrency wallet, . . . → Read More: Bragging rights: Twitter previews verification badge for NFT profile pics

Traders identify $41K as Bitcoin’s key support to hold for the short-term

Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States continue to weigh heavily on Bitcoin (BTC) and some of the larger-cap altcoins. 

Data from Cointelegraph Markets Pro and TradingView shows that the early morning rally above . . . → Read More: Traders identify $41K as Bitcoin’s key support to hold for the short-term

Price analysis 9/29: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

Bitcoin (BTC) and Ether (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction.

Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its . . . → Read More: Price analysis 9/29: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, UNI

Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. 

Since the completion of Ethereum’s London hard . . . → Read More: Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

“Sooner or later, ETH will outpace Bitcoin and become the global standard”, said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph. 

Nailwal believes that Ethereum will eventually become “the ultimate settlement layer” for the DeFi space. Polygon will play a major role in ensuring the long-term success of Ethereum through its . . . → Read More: Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

Bitcoin yet to prove inflation hedge status, but the time may come soon

For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple of years thanks in large part to governments printing copious amounts of their . . . → Read More: Bitcoin yet to prove inflation hedge status, but the time may come soon

Bitcoin ‘FOMO rally’ long overdue that could see BTC price top $200K — Bobby Lee

Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors.

In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC) was in trouble.

Lee: Bitcoin . . . → Read More: Bitcoin ‘FOMO rally’ long overdue that could see BTC price top $200K — Bobby Lee

Cool green mayor giving a grand in Bitcoin to each resident

Cool Valley, Missouri, a small town of about 1,500 in the St. Louis County area, found itself the subject of international attention recently after its mayor, Jayson Stewart, announced that he planned to give each resident up to $1,000 in Bitcoin. 

Stewart, a passionate environmentalist who spent years cleaning up the world’s oceans and . . . → Read More: Cool green mayor giving a grand in Bitcoin to each resident

Another Ethereum mining pool forced to close due to China crackdown

BeePool, the fourth-largest Ether (ETH) mining pool, is closing amid China’s crypto crackdown.

The China-based Ether mining pool announced on Tuesday it would suspend operations “in response to the latest regulatory policies.”

Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining . . . → Read More: Another Ethereum mining pool forced to close due to China crackdown

Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

“Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money.

It really doesn’t matter . . . → Read More: Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. 

Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny . . . → Read More: ETH 2.0 moves closer to fruition as devs set Altair upgrade for October

Signs of fear emerge as Ethereum price drops below $3,000 again

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but the current $3,050 price is 78% higher than the six-month low of $1,700. To understand whether this is a “glass half . . . → Read More: Signs of fear emerge as Ethereum price drops below $3,000 again

Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

Bitcoin (BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies.

The price of BTC climbed by about 290% year-over-year in which it surged from $10,695 to a little over $42,000. In comparison, shares of Marathon Digital Holdings (MARA), one of the largest North American crypto . . . → Read More: Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

Bitcoin whales move ‘record’ BTC value as metric sounds alarm over price volatility

Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior.

Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC.

Whale activity beats Bitcoin all-time highs

Despite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin . . . → Read More: Bitcoin whales move ‘record’ BTC value as metric sounds alarm over price volatility

62% of institutions to start investing in crypto within a year: Survey

Institutional investors are increasingly looking to move into cryptocurrency investment to grow their revenues in the long term, a new survey revealed.

As many as 62% of global institutional investors with zero exposure to cryptocurrencies like Bitcoin (BTC) said they expect to make their first investments in cryptocurrencies within the next year, according . . . → Read More: 62% of institutions to start investing in crypto within a year: Survey

Verifone to enable crypto payments at major retailers through BitPay

Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments.

Recent data has found that 93% of crypto users surveyed would consider making . . . → Read More: Verifone to enable crypto payments at major retailers through BitPay

Google, the most popular Bitcoin trend indicator, turns 23

Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Monday.

Founded by Larry Page and Sergey Brin when both were students at Stanford University, the search engine has spent the majority of its 23 years of existence being one of the primary entry . . . → Read More: Google, the most popular Bitcoin trend indicator, turns 23

Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K

The fallout from China’s ongoing crackdown on the crypto sector has led to uncertainty finding its way back into the market again. At the time of writing, Bitcoin (BTC) traders continue to encounter pushback at the $43,000 level and many altcoins that had accumulated gains in the morning session are also dipping into the . . . → Read More: Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K

Bitfinex paid a colossal $23M fee to send $100K of USDT

Crypto exchange Bitfinex completed a highly consequential transaction on Sept. 27 when sending $100,000 of the stablecoin Tether (USDT) to the layer-2 subsidiary platform DeversiFi. For reasons unknown, the exchange paid 7,676 ETH, equivalent to $23.7 million, marking quite possibly the largest gas fee ever recorded on the Ethereum blockchain. 

According to blockchain data . . . → Read More: Bitfinex paid a colossal $23M fee to send $100K of USDT

Price analysis 9/27: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Bitcoin (BTC) and Ether (ETH) recovered a large part of the losses that happened due to the knee-jerk reaction to China’s regulatory crackdown on Sept. 24. This suggests that crypto markets have absorbed the news-based selling, with long-term investors likely using the dip to accumulate.

However, a rally may have to wait as market . . . → Read More: Price analysis 9/27: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Analyst says $42K must hold to keep Bitcoin price from sweeping its swing low

Bitcoin bulls continued to battle with bears near the $43,000 support level on Sept. 27 as China’s crackdown on all things cryptocurrency put a halt to last week’s positive price movements and has stifled growth into the day.

According to Eric Krown, a cryptocurrency trader and host of Krown’s Crypto Cave, what comes . . . → Read More: Analyst says $42K must hold to keep Bitcoin price from sweeping its swing low

Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Last week’s drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff.

Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA).

In detail, the cryptocurrency has closed below the said support zone 18 . . . → Read More: Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Second-largest Ethereum mining pool to suspend all operations

Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto.

The mining pool officially announced that it has suspended access to new users in mainland China on Monday in response to Chinese authorities initiating new measures to combat crypto adoption in the country.

Following . . . → Read More: Second-largest Ethereum mining pool to suspend all operations

Before NFTs: Surging interest in pre-CryptoPunk collectibles

NFT hunters are suddenly rediscovering these forgotten vintage collectibles

Love them or hate them, blockchain collectibles are having a moment.

It’s good art. It’s bad art. It’s good, bad art. Folks are flipping apes and robots and pixely punks. Tweets (which are arguably ownerless) are worth millions to the right buyer. Literal children — . . . → Read More: Before NFTs: Surging interest in pre-CryptoPunk collectibles

Ethereum alternatives and layer-1 solutions see steady gains in September

The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees.

According to a recent report from Delphi Digital, the price of Ether has remained relatively flat . . . → Read More: Ethereum alternatives and layer-1 solutions see steady gains in September

Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

Ethereum price gets back to $3K as institutional investors pile into ETH futures

Ethereum’s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase.

The ETH/USD exchange rate rose 3.63% to hit an intraday high of $3,030. The upside move amounted to a 14.3% upside retracement from the . . . → Read More: Ethereum price gets back to $3K as institutional investors pile into ETH futures

Bitcoin could hit $37K but trader says BTC price top will be ‘number you can’t comprehend’

Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back . . . → Read More: Bitcoin could hit $37K but trader says BTC price top will be ‘number you can’t comprehend’

A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. 

The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than any bank . . . → Read More: A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25

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 soar after Fed commits to printing and . . . → Read More: Crypto recovers on positive Fed and Evergrande news, then drops amid China FUD; Sorare and Dapper Labs raised a combined $930M: Hodler’s Digest, Sept. 19-25

Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a recent BTC Markets survey.

Data on the survey shows that the average . . . → Read More: Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

It’s now or never — The US has to prepare itself for digital currency

Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. Almost 60% of them are working on the concept . . . → Read More: It’s now or never — The US has to prepare itself for digital currency

Bitcoin volatility continues as BTC price closes in on critical weekly close

Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin “fine” above $38,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding.

The weekend had . . . → Read More: Bitcoin volatility continues as BTC price closes in on critical weekly close

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.

No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance . . . → Read More: All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

Altcoin roundup: There’s more to DeFi than just providing liquidity

The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. 

What started off as a simple Ethereum-based swap interface that allowed ERC-20 . . . → Read More: Altcoin roundup: There’s more to DeFi than just providing liquidity

Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

The crypto market’s recovery was rocked on Sept. 24 after news that China’s government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently.

Although the news has caused a selloff, long-term . . . → Read More: Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. 

After . . . → Read More: Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban

Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley’s Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny.

The 24-series show has garnered a global audience base for . . . → Read More: Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. 

But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has . . . → Read More: Diminishing returns: Is Bitcoin underperforming compared to altcoins?

$16B charity provider enables Bitcoin donations via The Giving Block

The Giving Block, a major organization focused on the cryptocurrency donations industry, continues to expand its crypto charity reach with a new partnership.

The organization will be working with charitable platform provider RenPSG to allow its donors to move cryptocurrencies like Bitcoin (BTC) into new donor-advised funds to support nonprofits and other charitable . . . → Read More: $16B charity provider enables Bitcoin donations via The Giving Block

Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula?

Data from Cointelegraph Markets Pro and TradingView showed new multi-day lows of $40,690 for BTC/USD on Bitstamp, down . . . → Read More: Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be “illegal.”

“Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China said in a statement on its website . . . → Read More: Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks Bitcoin price drop to $42K

Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. China: Don’t believe the “FUD”

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it abruptly fell from . . . → Read More: Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks Bitcoin price drop to $42K

Golem releases laptop app to mine Ethereum… but turning a profit is tricky

Golem Network has launched an app that allows users to mine Ether (ETH) on their laptops, but it could be a long time before riches can be reaped.

The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ether on Windows-based PCs and laptops.

The app runs in the background . . . → Read More: Golem releases laptop app to mine Ethereum… but turning a profit is tricky

Big investors pivoting from Bitcoin to Ether futures: JPMorgan

American multinational investment bank JPMorgan has revealed that institutional investors are starting to shy away from Bitcoin futures in favor of Ether derivatives.

In a note to investors on Wednesday, analysts at the Wall Street bank said thatBitcoin futures on the Chicago Mercantile Exchange (CME) have traded at a discount compared to spot . . . → Read More: Big investors pivoting from Bitcoin to Ether futures: JPMorgan

Derivatives data favors Ethereum bulls even with this week’s crash below $3K

Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. Curiously, just three weeks ago, Ether was testing the $4,000 psychological barrier, but this changed after mounting crypto regulatory concerns and the fear of . . . → Read More: Derivatives data favors Ethereum bulls even with this week’s crash below $3K

Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande . . . → Read More: Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry

This week’s combination of bearish factors was enough to bring Bitcoin’s (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept. 24.

There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. . . . → Read More: Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry

Staking on Ethereum 2.0, explained

While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products.

On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, . . . → Read More: Staking on Ethereum 2.0, explained

BTC crash: Was it actually Evergrande? | Watch The Market Report live w/ Eric Krown

Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: 

After failing to reach $50,000, Bitcoin (BTC) slid back down to $40,000 on Monday before recovering to $44,000. What, or who, was behind this . . . → Read More: BTC crash: Was it actually Evergrande? | Watch The Market Report live w/ Eric Krown

Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its price rose back above $3,000 per token on Sept. 23.

Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH . . . → Read More: Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K