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Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations. Average Ethereum gas price. Source: Etherscan This explosive rise in gas fees is leading . . . → Read More: DeFi users flock to Flamingo (FLM) to escape high Ethereum gas fees Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3. Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according to Cointelegraph analyst Marcel Pechman, this Friday’s $1 billion BTC options . . . → Read More: Altcoins and DeFi tokens rally as Ethereum price hits $1,650 Someone sent Mark Cuban a profane Ethereum Name Service domain a few days ago. After observant Twitter users recently tracked down his ether address, it was only a matter of time before a wave of unwanted spam transactions made their way into his account. This is, after all, the internet. Here there be monsters. . . . → Read More: Mark Cuban issues burn notice on offensive ENS domain CME Group’s chief economist and managing director, Bluford Putnam, recently acknowledged that Bitcoin is competing with gold as a hedge against inflation. “Gold appears to have an emerging competitor in Bitcoin,” told Bloomberg for a video released on YouTube on Tuesday. “Given the current price range for gold, it is likely that increased . . . → Read More: CME chief economist hints Bitcoin is gaining ground on gold as a hedge Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States. However, the lack of regulatory clarity could have deterred them from buying Bitcoin at lower levels. To address this issue, business intelligence firm . . . → Read More: Price analysis 2/3: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM Earlier this week, Elon Musk made history when he placed his full support behind Bitcoin (BTC) during a Clubhouse stream. When discussing Bitcoin and the GameStop debacle with Robinhood CEO Vlad Tenev, Musk said: “I am late to the party, but I am a supporter of Bitcoin.” This came a few days after . . . → Read More: GameStop saga reveals legacy finance is rigged, and DeFi is the answer European Parliamentarian Eva Kaili’s conversion to cryptocurrency came as she watched her friends lose their life savings in the fallout of the Global Financial Crisis. The crunch came during the 2012 Cypriot financial crisis, when Cypriot banks collapsed and a levy was imposed on many depositors to fund the resulting bailout. “Lots of . . . → Read More: EU politician reveals her conversion to crypto — Eva Kaili Leading global business intelligence firm MicroStrategy is hosting an online seminar this week to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves. A Feb. 3 tweet from MicroStrategy CEO, Michael Saylor, said that representatives of more than 1,400 firms have already signed up for the event . . . → Read More: 1,400 sign up for MicroStrategy’s corporate Bitcoin-buying bootcamp Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin’s adoption throughout the city included enabling city employee salaries to be paid in BTC. Major figures in the cryptocurrency world have responded positively . . . → Read More: Miami mayor says city employees should be able to take their salaries in Bitcoin LUNA, the native coin of the Terra blockchain, shot up another 37% to $2.46 on heavy trading volumes today, continuing a parabolic climb that started in mid-November. The coin is currently up 100% in price since news broke one week ago that Mike Novogratz’s Galaxy Digital made a $25 million investment in Terraform . . . → Read More: LUNA doubles in price after $25 million investment by Galaxy Digital Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks. Multiple metrics like the increasing amount of Ether (ETH) and Bitcoin (BTC) locked in DeFi, soaring transaction and on-chain activity and the plummeting BTC and Ether . . . → Read More: Bitcoin and Ethereum held on exchanges drops to a multi-year low, here’s why The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin (BTC) stands a good chance to garner a portion of it. Crypto market data . . . → Read More: Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships Automated market maker Balancer announced today a widely-anticipated second version of its decentralized exchange protocol, featuring a host of upgrades centered on “security, flexibility, capital efficiency and gas efficiency” — but yield farmers are left wondering about the all-important liquidity mining details, which are still in development. “The main architectural change between . . . → Read More: Following Balancer V2 protocol announcement, yield farming still in development The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high of $1,500 today. Data suggests that the ETH options market showed dominant call activity, and this may be a primary factor in the rally to a new high. Across major exchanges, the price of ETH surpassed . . . → Read More: Ethereum price hits a $1,500 all-time high as ETH options and DeFi heat up Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as Bitcoin (BTC) began to gain traction in 2017, scammers took advantage . . . → Read More: Crypto industry must keep scammers from stealing another $16 billion After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is still within reach. The neutral-to-bearish put options open interest above $1,360 is irrelevant, and only 2,540 ETH options, equivalent to $3.4 million in . . . → Read More: Ethereum derivatives data suggests traders expect prices above $2,000 Senator Cynthia Lummis, the first senator in the history of the United States to own Bitcoin, has revealed plans to launch a Financial Innovation Caucus to educate her fellow senators on cryptocurrency and digital assets. Appearing on Anthony Pompliano’s podcast on Feb. 2, Lummis announced her intention to establish the caucus, stating: “We . . . → Read More: Senator to launch Financial Innovation Caucus to educate lawmakers on crypto Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the “proof-of-keys” days and could be a sign of a bullish future, according to CryptoQuant CEO Ki Young Ju. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over $515 million, were withdrawn from Coinbase on Jan. 31. BTC outflows . . . → Read More: CryptoQuant CEO says Coinbase Bitcoin outflows are a ‘bullish signal’ Bitcoin (BTC) price spent the day trading in a tight range between $32,000 and $34,000. At the time of writing, the digital asset is pinned below the descending trendline resistance and each attempt to cross above it is met by selling. Data from Cointelegraph Markets and TradingView show a price increase of 4.14% for . . . → Read More: Bitcoin price is sideways, silver hits a 7-year high and XRP’s rally pops Tesla CEO Elon Musk recently voiced his support for Bitcoin (BTC) during a chat with Clubhouse. Musk said that his friends tried to onboard him to the Bitcoin bandwagon as early as 2013, but the world’s richest man did not take the final step. Musk admitted that he was “late to the party.” Musk . . . → Read More: Price analysis 2/1: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest. In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate . . . → Read More: ARK Invest lays out what it would take for Bitcoin to hit $70K After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades. Futureswap has recently launched Version 2 of its platform, . . . → Read More: Futureswap V2 wants to offer a home for DeFi whale traders Let’s get one thing out of the way: You will not agree with every selection on the Cointelegraph list of the Top 100 Notable People in Blockchain. In fact, you will almost certainly disagree, vehemently, with many of the people we’ve included on this year’s list. You will rage at the inclusion of . . . → Read More: Cointelegraph announces the Top 100 Notable People in Blockchain 2021 Hashmasks, a new non-fungible token project has raised over 7,600 ETH (about $10 million) from the sale of more than 15,300 digital collectible cards. The owner of Hashmasks #1 has sold his card named after former United States President Donald Trump for about 97 Ether (ETH) which amounts to over $126,000 at the current . . . → Read More: Digital art project sells out $10M in NFTs in four days Over the past seven days, the crypto market saw an uptick in volatility as Bitcoin (BTC) and Dogecoin (DOGE) price rallied higher simply because of social media activity. In situations like these, traders who make their investment decisions based on emotions tend to incur heavy losses and this is exactly what happened last week. . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021. On the DApp Radar rankings, eight of the top 10 DApps on Ethereum are DeFi. Uniswap sees more users than any other application and . . . → Read More: The future of crypto trading will be omni-chain On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy’ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied. In the same period, the Citigroup stock has declined slightly by 0.63%, from $58.36 to $57.99. MicroStrategy stock vs. . . . → Read More: Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup The sudden rise of stocks like GameStop (GME) have shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo, according to Bitfinex CTO Paolo Ardoino. Bitcoin’s price peaked north of $38,500 on Friday, just as U.S. stocks concluded their worst week of trading since . . . → Read More: Bitcoin ‘ascendant’ as GameStop saga unfolds, Bitfinex CTO says For example, just last week, when the currency was hovering around the $30,000 threshold, a whole host of pundits was warning investors to brace for impact, suggesting that the premier crypto asset was on the verge of a correction and could once again dip to around the $20,000 region. However, in just one . . . → Read More: Institutional demand for crypto isn’t subsiding, but impact will be gradual During this first wave of decentralized finance projects and services, users have been more than willing to part with their funds. It is very similar to how decentralized exchanges work, as convenience seems to trump privacy and security in DeFi. Just because some platforms offer a high annual percentage yield does not mean . . . → Read More: DeFi has to be improved by embracing its peer-to-peer aspect With the nonfungible token market approaching the frothing point, perhaps it’s time to sit back and ask: “What’s happening here?” The $750,000 in proceeds from the recent sale of a single “alien” CypherPunk NFT, after all, could have paid for a reasonably sized house. The crypto world at large is only 12 years . . . → Read More: How much is too much? Crypto art market brings together deep pockets and big artists Decentralized finance is a form of finance that does not require traditional intermediaries such as banks, brokerages or exchanges. All of the work that would normally be handled by these institutions is instead performed by technological solutions including smart contracts and blockchain. The legacy banking system and DeFi are markedly different. While traditional . . . → Read More: DeFi is the future of banking that humanity deserves Tim Sweeney, the co-founder of the studio behind titles such as Hitman, Gears of War, and the wildly popular Fortnite said in a Tweet today that non-fungible token (NFT) tech and the ‘metaverse’ it one day may enable are “going places,” but due to factors such as transactions costs and the “wild, speculative . . . → Read More: Fortnite founder says NFT tech “going places,” but currently “speculative mess” 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 Rob from the poor and give to the rich? . . . → Read More: GameStop mayhem, Robinhood scandal, Musk tweets, DOGE explodes: Hodler’s Digest, Jan. 24–30 Bitcoin (BTC) has seen a very volatile week, as the price of Bitcoin jumped around from $32,000 to $38,500 and back toward $33,000 in a matter of 24 hours. The initial spike to $38,500 happened in minutes after Elon Musk added #Bitcoin to his Twitter profile. However, no follow-up of that price movement . . . → Read More: Bitcoin price chart shows ‘Elon Musk’ pump was an outlier — So what happens now? Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company’s CEO and world’s richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey and Reddit co-founder Alexis Ohanian. Draper, who holds around 30,000 BTC according to reports, told . . . → Read More: BTC billionaire Tim Draper to Elon Musk: I’d buy the Tesla Cybertruck with Bitcoin Bitcoin has often been described as the “digital gold” of the 21st century, but is the cryptocurrency truly reliable as a new safe haven against financial uncertainty and inflation? The question is a difficult one to answer, but the actions of a number of major institutions and the sentiments of some well-renowned investment . . . → Read More: Risk it for the Bitcoin: Has BTC matured to be a safe investment play? On Jan. 29 Bitcoin (BTC) price briefly rallied to $38,500 before retracing the move and spending the majority of the day struggling to reclaim $35,000. The wild breakout in Bitcoin price has partially been attributed to Elon Musk changing his Twitter profile to simply “#Bitcoin,” which Musk subsequently followed up with a cryptic tweet . . . → Read More: Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches When Bitcoin’s (BTC) price dropped 10% to $29,150 on Jan. 27, something unusual happened with the Chicago Mercantile Exchange (CME) BTC futures contracts. As the price fell, these CME Bitcoin futures traded at a 1% discount to Coinbase, which signaled a disarrangement between both markets. Good morning. Bitcoin spot has almost full . . . → Read More: Bitcoin price returns to troubled waters hours after Elon Musk’s BTC tweet Ripple’s case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry. On Jan. 29, Ripple Labs filed its response to the SEC’s complaint. Ripple, as it has many times before, argued that XRP is not a security i.e. an investment in Ripple and is therefore . . . → Read More: Ripple demands to know why Ether isn’t a security as XRP defense gets desperate Sentiment plays a major role in the short-term price action of an asset. This truth was demonstrated today when Elon Musk, the world’s richest man, simply wrote ‘Bitcoin’ in his Twitter bio. Crypto traders and Musk followers immediately noticed and Bitcoin price conveniently shot up a few minutes after the tweet. When BTC price . . . → Read More: Price analysis 1/29: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM Frank Holmes, CEO/CIO of US Global Investors, believes Bitcoin and Ethereum could reach $80,000 and $3,000 respectively in 2021. He also sees the possibility of Bitcoin dropping to $20,000 and Ethereum dropping to $500. This wide spread is derived from a philosophy he calls the DNA of volatility. DNA of volatility According to . . . → Read More: WATCH: Gold bug Frank Holmes’ 2021 volatility ranges: $80K Bitcoin and $3K Ethereum? When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance. However, the boom also exposed a lot of vulnerabilities of the Ethereum network, which most DeFi projects are built upon. The most serious ones included high gas costs and low scalability. . . . → Read More: Second layers will save the day in 2021, bolstering Ethereum and DeFi After a surprise rally fueled by an update to Elon Musk’s Twitter biography, demand for Bitcoin (BTC) appears to be particularly strong in professional trading circles. According to TradingView data, the ticker BTC1!, which represents CME’s Bitcoin futures contracts with the closest expiry — currently for February — is trading at over a 1% . . . → Read More: Institutional frenzy continues as CME Bitcoin trades at over 1% premium Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of . . . → Read More: Zombies not welcome: Original altcoins lose ground to DeFi newcomers Binance’s Changpeng Zhao describes the Philippines as “one of the most active crypto communities in Asia” and it’s the perfect way to sum up the country’s blend of high adoption amid relatively low affluence. With GDP spending power of less than $10,000 per head each year, this nation of 7,100 islands is far . . . → Read More: Crypto in the Philippines: Necessity is the mother of adoption The number of projects adopting layer-two solutions for Ethereum’s scaling woes is increasing, with LuaSwap rolling out a new, TomoChain-based exchange engine yesterday. The change will enable the Uniswap inspired exchange to perform token swaps with greater speed and efficiency than many rival Automated Market Maker ERC-20 exchanges. 1/ #LuaSwap version on . . . → Read More: LuaSwap using TomoChain for backend transactions Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000 to its current value of $33,400, an increase of 9.5%. Daily cryptocurrency . . . → Read More: Altcoins soar after 10% Bitcoin price breakout flips $33K back to support It is a useful exercise for those of us working in tech to cast our minds back to the dot-com boom and bust of the late 1990s. There is a lot that can be learned from that time. The period was crucial for the United States and the global economy and a defining . . . → Read More: Blockchain tech may have arrived too soon, but now, it’s ready Ray Dalio, the famed founder of Bridgewater Associates, called Bitcoin (BTC) “one hell of an invention,” adding that he’s considering digital-asset investing for clients wishing to protect against currency debasement. In a note to clients that was obtained by Bloomberg News, Dalio called Bitcoin’s store-of-value characteristics an “amazing accomplishment” and one of the . . . → Read More: Ray Dalio does 180 on Bitcoin, calls it ‘one hell of an invention’ Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale. Eric Peters, the founder and CEO of One River Asset Management, told Bloomberg Thursday that Bitcoin’s path to maturity should help stabilize its price. . . . → Read More: Bitcoin whale explains to Bloomberg why crypto volatility will decline The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC) as a long-term investment. The “2021 Global Crypto . . . → Read More: Binance survey finds that ‘hodlers’ still dominate crypto The largest Bitcoin (BTC) and cryptocurrency asset manager in the world, Grayscale, could be set to move into the decentralized finance space after documents for several new trusts were filed in the Delaware corporate registry. New trust filings for Aave (AAVE), Polkadot (DOT) and Cosmos (ATOM) were filed on Wednesday. On the same . . . → Read More: Grayscale prepares for DeFi future with new cryptocurrency trust filings This is a repost of Finance Redefined’s latest installment, where Cointelegraph unpacks the latest developments in DeFi. The newsletter is delivered to subscribers every Wednesday. Decentralized finance was reasonably quiet in terms of major fundamental developments, instead letting prices do the talking. Many tokens rallied, both the popular and the almost forgotten. Save for . . . → Read More: Finance Redefined: What can you do about those gas fees? Jan. 20–27 Popular social media network Reddit, which counts over 1.7 billion monthly visits, is deepening its ties with the Ethereum Foundation in what it has formalized as its first-ever blockchain partnership. According to an announcement from Reddit admin u/jarins, the aim of the partnership will be to increase the site’s “commitment to blockchain, accelerating . . . → Read More: Reddit partners with Ethereum Foundation to boost scaling and resources  In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support. This drop below what traders have described as a ‘key’ support occurred just two days ahead of this month’s futures and options expiry. Despite the record-high $4 billion options expiry being just two days away, both bull and bear . . . → Read More: Bitcoin price dips below $30K but here’s why pro traders are still bullish 
On the evening of Jan 25, longtime non-fungible token (NFT) collectors, developers, and believers witnessed a bizarre, but likely validating piece of blockchain history: legendary collector-whale Pranksy was interviewed on the Fox 5 New York evening news during a segment on NBA Topshot, an NFT-backed collectible highlights project. NFTs on the nightly news . . . → Read More: NFTs on the news: Mega-whale Pranksy brings collectible highlights to the fore 
The way Celsius founder Alex Mashinsky tells it, he not only invented DeFi, but also Uber and VoIP — and he even had a crack at creating Bitcoin, four years before Satoshi Nakamoto. Weirdly enough, there’s some truth to all these claims. “I tried to create electronic money in 2003, 2004,” he says, . . . → Read More: The adventures of the inventive Alex Mashinky  Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for the recent Bitcoin rally. However, at the moment it seems institutional investors are unlikely to chase prices higher. If the fresh . . . → Read More: Price analysis 1/27: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM 
Many people are anxiously observing the launch of Ethereum 2.0 because the media has touted it as a “game-changer” for the cryptocurrency industry. Yet the masses seem to forget there are viable alternatives in existence already. Is Ethereum 2.0 taking too long? In recent days, there has been ample excitement surrounding Ethereum 2.0. . . . → Read More: DeFi users shouldn’t wait idly for Eth2 to hit its stride  In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to . . . → Read More: As Bitcoin price sees sub-$30K, do bears control the BTC market now?  Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC price spooks amid GameStop row Data from Cointelegraph Markets and Tradingview showed any bullish momentum left in Bitcoin dissipate on Wednesday after rejection at . . . → Read More: Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader 
Devcon, one of the biggest conferences for the Ethereum community and developers, has been delayed again due to uncertainty around the coronavirus pandemic. According to a Tuesday announcement, the Ethereum Foundation decided to hold off on the conference in Bogota instead of going ahead with its previously announced August target. “We want to make sure . . . → Read More: Top Ethereum conference Devcon is delayed again 
SIA, an Italian company specializing in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Tuesday. A spokesperson for SIA told Cointelegraph that the company plans to pilot the . . . → Read More: Major payments firm SIA to launch DLT-based secondary credit marketplace  Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics. The data shows that Ethereum’s realized cap has more than tripled since dropping below $25 billion in during March 2020’s “Black Thursday” crash.. Ethereum’s realized cap: CoinMetrics The realized capitalization metric . . . → Read More: Ethereum’s realized cap spikes to record highs as capital floods in: Report  Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the world’s largest asset manager, has given the green light for two of its funds to invest in . . . → Read More: DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K  Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million worth of futures contracts. While it’s unlikely that there will ever be a definitive . . . → Read More: 2 key metrics suggest Bitcoin price won’t be pinned below $33K for long  A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021. The recent correction in Bitcoin price does not seem to have deterred crypto investors as CoinShares data shows a record $1.3 billion in crypto product inflows over the past week. This suggests that investors are . . . → Read More: DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher 
When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet more than a decade later, with Bitcoin prices surging, . . . → Read More: Pragmatism: The true key to unlocking crypto mass adoption  Anyone who has used Ethereum in 2020 knows the frustration of paying for gas, the measure that represents a transaction’s computational weight. With gas prices sometimes rising up to 100 to 200 gwei, a unit equal to one billionth of an Ether (ETH), many users are finding themselves priced out of the action. While . . . → Read More: Here are the best and worst times of the day to use Ethereum 
The rise of cryptocurrencies over the past few months, especially with the onset of 2021, has certainly catapulted the crypto niche into the mainstream. While traders buy and sell and try to calculate how much this or that currency has grown by and as large investment funds predict that Bitcoin (BTC) will soon . . . → Read More: Time for a crypto GPU? Gamers and miners spar over scarce top hardware  After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the . . . → Read More: 3 reasons why Ethereum price is still on track to top $2,000  The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the passing of each week. Data from Messari shows projects like AAVE, Uniswap (UNI), SushiSwap (SUSHI) and Synthetix (SNX) have all rallied by double-digits, creating a positive feedback loop . . . → Read More: $45B DeFi market cap and soaring TVL suggest the best is yet to come  Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones. The word “stablecoin” can be used as a logical description for “a cryptocurrency designed to have low price volatility” and has “stores . . . → Read More: All risk, no gain? The vague definition of stablecoins is causing problems  After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000. In the past few months, Grayscale Investments has been one of the major entities responsible for the pickup in demand. However, JPMorgan Chase analysts pointed out in . . . → Read More: Price analysis 1/25: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM 
The past year has been a crazy journey for the blockchain industry. Between the crippling effects of the COVID-19 pandemic across various sectors and Bitcoin’s marathon bull run, the year has been great for some and catastrophic for many. Decentralized finance is at the epicenter of most of the hype surrounding blockchain today. . . . → Read More: The perfect match? Both Bitcoin and DeFi push and pull crypto markets  Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum. Primarily due to the growing demand for DeFi, the Ethereum network . . . → Read More: Why traders say Ethereum may see a ‘rinse’ pullback after breaking its two-year high  Bitcoin (BTC) has been consolidating since its recent all-time high at $42,000 and has risen back above $34,000 at the time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times. However, it remains to be seen whether Bitcoin’s price will start . . . → Read More: Bitcoin price looks to resume bull cycle after rising above $34K 
ConsenSys, one of the world’s largest blockchain software companies, has partnered with the Blockchain-based Service Network, a Chinese government-backed nationwide blockchain project, As part of the partnership, ConsenSys’ Ethereum-based distributed ledger protocol, ConsenSys Quorum, will be featured in the BSN ecosystem, the firm announced on Monday. The protocol will be available in 80 . . . → Read More: ConsenSys partners with China’s Blockchain-based Service Network  The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25. At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multiyear downtrend, hitting the highest levels since September 2019, which should be great news for altcoins in . . . → Read More: ETH breaks out vs. Bitcoin — What’s next for Ethereum after 100% gain in January? 
Sequoia Holdings — a software development services provider, not to be confused with the well-known venture capital firm Sequoia Capital — is offering its staff the option to set aside a portion of their salary and invest it in cryptocurrency. Sequoia Holdings is based in Reston, Virginia and provides engineering and analytic solutions . . . → Read More: Virginia tech firm offers staff option to get paid in Bitcoin, Ether  Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream. After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor: between $30,000 and $40,000. What’s next? Cointelegraph takes a look at the factors impacting price . . . → Read More: ‘Spectacular bust’ for stocks: 5 things to watch in Bitcoin this week  Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. . . . → Read More: Aave hits record $288 high as demand for flash loans and staking increases  Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players . . . → Read More: Key metrics show this week’s $4B Bitcoin options expiry favors bulls  During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and . . . → Read More: Ethereum will become the main asset for investors in 2021  As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX 
Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of the risks associated with the digital asset. In an opinion article published on CNN, Scaramucci and fellow SkyBridge executive Brett Messing argue that Bitcoin has . . . → Read More: Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold 
In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal . . . → Read More: The impact of Bitcoin hacking incidents in the crypto market  Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000. A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased . . . → Read More: Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K 
Amid a wild market-wide bullrun for non-fungible tokens (NFTs), an ultra-rare “alien” CryptoPunk has sold today for 605 Ether, worth over $750,000 at today’s prices. CryptoPunks are widely considered to be the original NFT project, released even before Cryptokitties, the blockchain-based collectibles project that propelled NFTs to mainstream consciousness. CryptoPunks developers Larva Labs . . . → Read More: Ultra-rare alien CryptoPunk NFT sells for 605 ETH, or $750,000  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 Three reasons Bitcoin tumbled below $30,000 in a surprise . . . → Read More: Bitcoin in jeopardy, Ether briefly breaks records, Biden takes action: Hodler’s Digest, Jan. 17–23 
As blackouts and police raids roil the upstart Iranian Bitcoin mining industry, a match between a permissionless currency and a country throttled by inflation that once seemed like a perfect fit is now being called into question. As Cointelegraph has previously reported, Iran joins Pakistan as a cryptocurrency superpower in the Middle East, . . . → Read More: Amid blackouts and police raids, Iran weighs benefits of Bitcoin mining  The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at the time of writing. BTC/USD 1-hour price chart (Coinbase). Source: TradingView.com Coinbase . . . → Read More: Analysts warn of ‘institutional exhaustion’ with Bitcoin price clinging to $32K  Despite Bitcoin price cooling off in recent days, with the premier cryptocurrency currently hovering around the $32,000 mark, it is still showcasing strong technicals as well as a thirty-day price gain of nearly 40%. Not only that, but even since its recent dip — which has seen the digital asset fall from its recently . . . → Read More: Believing, not seeing: Institutions still predict $100K Bitcoin price 
After weeks of anticipation and a closely-watched series of preparatory steps, BadgerDAO’s synthetic rebasing Bitcoin, DIGG, is now live and claimable for qualified addresses on Ethereum mainnet. The release will be eagerly welcomed by a perhaps-overzealous community, one which has been lighting up Twitter with “wen DIGG” for weeks. For all the memes . . . → Read More: Wen? Now! BadgerDAO’s synthetic rebasing Bitcoin, DIGG, goes live  Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily led the run-up to $42,000. Cointelegraph contributor Marcel Pechman analyzed derivatives data from various exchanges, which showed professional . . . → Read More: Price analysis 1/22: BTC, ETH, DOT, XRP, ADA, LTC, LINK, BCH, BNB, XLM 
Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however. “I can see Bitcoin being used in failed states,” Rogoff said in a Bloomberg interview . . . → Read More: Harvard crypto skeptic calls Bitcoin a ‘hedge against dystopia’  Reserve currency is money held by central banks or treasuries usually for international transactions. Argentina is not going to be able to purchase a Boeing 737 MAX passenger jet, for example, with its highly inflationary peso; it will have to pay with U.S. dollars, which is why Argentina keeps dollars on hand — i.e., . . . → Read More: Bitcoin as a last resort? Murmurs of crypto as reserve currency abound 
Russia adopted its cryptocurrency law in January, but this legislation does not provide a direct answer to some questions, including how local officials should deal with their crypto holdings. There are at least two other legal initiatives requiring Russian public officials to declare or even get rid of their cryptocurrency holdings entirely in . . . → Read More: Some Russian officials are being forced to sell their crypto by April 2021 
One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly driven by the inrush of institutional investment. While there are many good reasons to believe that the race among the . . . → Read More: Retail is here: The virtuous cycle of social engagement with crypto |
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