Norwegian FSA sees urgent need for crypto investor protection
Amid Bitcoin’s (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in...
Tag : bitcoin updates
Powers On… El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency
Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the...
Rescuing crypto workers from terrible US job conditions: John Paller
John Paller is training a new generation of blockchain workers and giving them the tools to live free from the chains of full-time employment. After...
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
Bitcoin (BTC) plunged 7.38% to hit a five-month low of $29,313 on June 22 as the market faced the prospect of another sell-off, this time...
Germany commemorates Euro 2020 soccer team with NFTs
The German Football Association (DFB) has officially announced the debut of national soccer team nonfungbile tokens (NFTs) in partnership with a major blockchain-based fantasy soccer game...
Bitcoin drops below $30K to 6-month lows: Watch these next price support levels
Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.” BTC/USD...
Price analysis 6/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell. Bitcoin (BTC) dropped over...
If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?
In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was...
Nvidia GPU prices in China fall amid crypto mining crackdown
Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. ...
El Salvador adopting Bitcoin could make it lose market dominance
El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator...
MicroStrategy expands company’s Bitcoin holdings with $489M purchase
MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday,...
Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into...
Bitcoin is ‘own worst enemy’ and will lose to Ethereum: Charles Hoskinson
IOHK CEO and Ethereum co-founder Charles Hoskinson has argued that Bitcoin (BTC) sits at a significant competitive disadvantage due to its slow speeds and will...
Top 5 cryptocurrencies to watch this week: BTC, ADA, THETA, XMR, AMP
The U.S. Federal Reserve’s plans to advance its timeline for rate hikes to 2023 has led to profit-booking in the U.S. stock market, gold, and...
Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB
Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.” That’s according to analyst...
Bitcoin price dips below $34K as day of Grayscale’s giant BTC unlocking draws near
Bitcoin (BTC) dropped to local lows of $33,750 on June 20 as fears over weak support levels proved to be well founded. BTC/USD 1-hour candle...
NFT art galleries: Future of digital artwork or another crypto fad?
As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of...
Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19
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...
Ethereum faces largest ever options expiry as bears appear to dominate
Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH...
Bitcoin may lose $30K price level if stocks tank, analysts warn
The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the...
Beyond the hype: NFTs’ actual value is still to be determined
It’s 2021. Super Bowl champion Tom Brady is starting an NFT company, Christie’s is explaining CryptoPunks to everyone, Saturday Night Live is creating jams about...
Hawkish Fed comments push Bitcoin price and stocks lower again
Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the...
Bulls hesitate to buy the dip after Bitcoin price falls close to $35K
On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of...
Crypto company CEO says the recent crypto boom brought increased adoption
Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around...
Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH
The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June...
Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24
The hotly anticipated “London” Ethereum hard fork now has a set block height for three testnets — a key penultimate step toward a full mainnet...
Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital. According to CNBC, the...
Bitcoin price falls below $37K amid little hope of a definitive weekend bounce
Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView...
Joining the ranks: Bitcoin’s correlation with gold and stocks is growing
Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to...
Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst
China’s crackdown on Bitcoin (BTC) mining may have unintended benefits for BTC price action, one analyst suggests. In a tweet on June 18, Charles Edwards,...
Banking giant BBVA debuts Bitcoin trading and custody for Swiss clients
Banco Bilbao Vizcaya Argentaria (BBVA) — Spain’s second-largest bank — is set to offer Bitcoin (BTC) trading and custody services in Switzerland. According to a...
Gelato Network launches ‘G-UNI’ Uniswap v3 management token
While Uniswap’s highly-touted v3 has been racing to the top of TVL charts as of late, the need for active management has kept some retail...
Bitcoin slips below $39K as Fed sends gold to 6-week lows
Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD...
An asset for all classes: What to expect from Bitcoin as a legal tender
For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a...
Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman
Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that...
US Republican Party’s election arm to accept cryptocurrency donations
The United States’ National Republican Congressional Committee — the body responsible for coordinating Republican electoral efforts — is introducing donations in cryptocurrencies like Bitcoin (BTC)....
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
It’s as miraculous as Aladdin taking off on a magic carpet: in a possible first, some of the users of a decentralized finance protocol were...
Price analysis 6/16: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH
Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders...
DAOs in court? Curve Finance ponders enforcing license over rival Saddle
Square peg, meet round hole: a decentralized autonomous organization is pondering taking a rival fork to court. Earlier today, a member of the Curve Finance...
Bullish all the way? MicroStrategy doubles down on its Bitcoin bet
There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking...
Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting
Bitcoin (BTC) wobbled around $40,000 as investors waited for the United States Federal Reserve to release its new set of economic projections on Wednesday. The...
Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin
Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC). In a...
New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests
Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of...
Shiba Inu and Chiliz jump 33% and 26% on Coinbase Pro listings
The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26%, respectively, on Wednesday, following the announcement of the pair’s listing on...
Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders
While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0...
Bitcoin price hits $41K, then rejects after sellers defend the 200-MA
The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily...
As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left...
Crypto’s fraught relationship with Elon Musk: Ambassador or liability?
When Tesla CEO Elon Musk revealed his company’s Bitcoin (BTC) exposure and announced the launch of crypto payments, BTC took off to reach its all-time...
Russian central bank ‘short-sighted’ regarding crypto, lawmaker says
A Russian State Duma member has blasted the central bank’s tough stance on the cryptocurrency industry for ignoring the growing demand for crypto in the...
Within five years, US hedge funds expect to hold 10.6% of assets in crypto
A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure...
Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Bitcoin (BTC) has already hit its price bottom, one of the industry’s top executives believes as BTC price action stays above $40,000. In a tweet...
Bitcoin investors more bullish than ever despite 50% price crash: Survey
Despite Bitcoin (BTC) and the wider cryptocurrency market experiencing one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding...
Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH
Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of...
Ethereum investment products see largest weekly outflows on record — CoinShares
Institutional investment managers continued to sell cryptocurrencies like Bitcoin (BTC) and Ether (ETH) last week, though the magnitude of the outflows have declined substantially from...
Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims
Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC...
Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking
Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility. As noted by popular Twitter...
Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K
A run-up toward $40,000 in the Bitcoin (BTC) market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday with a gap of $1,575, the...
South Africa to revise national policy position on cryptocurrency
South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off...
Coinbase is reportedly looking to set up office in New York
The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York. The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000...
How the NFT market leveraged blockchain tech for explosive growth
It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives...
Crypto is the next step toward a cashless society
From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led...
Bitcoin price could hit $85K in months as indicators flip bullish — report
Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound...
DeFi will bring global revolution to the traditional finance space
Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of...
Here’s how Bitcoin’s impending death cross could be a contrarian buy signal
Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts...
Ethereum’s $1.5B options expiry on June 25 will be a make-or-break moment
On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure...
A new milestone for Bitcoin, COVID hits conference, Buterin’s DOGE payday: Hodler’s Digest, June 6–12
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...
GME and AMC stock surge may impact crypto meme coins, BTC not so much?
This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to...
$288K BTC price ‘still in play’ says PlanB as Bloomberg champions Bitcoin halving
Bitcoin (BTC) can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC/USD shed 7% on...
Forecasting Bitcoin price using quantitative models, Part 4
This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is...
Bitcoin Taproot upgrade finally locked-in, activation set for November
The Taproot upgrade has achieved the first significant milestone on the road to activation as 90% of the Bitcoin (BTC) mining hash rate signaled for...
Adopting the Bitcoin standard? El Salvador writes itself into history books
The cryptocurrency space and wider economic community continue to laud a historic move by El Salvador to recognize Bitcoin as legal tender. The Central American...
Basketball star turned digital racehorse tycoon: Wilson Chandler on NFTs and the NBA
As Wilson Chandler tells it, despite being a NBA star with a decade-plus pro career and nearly $80 million in career earnings, the 6’8 combo...
Altcoin Roundup: Market cycle analysis screamed ‘take profit’ ahead of May 19 sell-off
Welcome to Cointelegraph Market’s weekly newsletter. This week we will identify emerging-sector trends across the cryptocurrency landscape in order to broaden your understanding of market...
Price analysis 6/11: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH
Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks. Some analysts view the sharp rebound...
We’ve passed peak corporation already — Michael Anderson, Framework Ventures
The pandemic has changed society forever — and in many cases, not for the better. But when historians look back in a few decades, will...
Hedge fund manager Alan Howard invests in two crypto startups
Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups. The co-founder of major asset manager...
Bitcoin traders eye ‘crucial’ $38K level as BTC price action consolidates higher
Bitcoin (BTC) traded in a higher range on Friday, with analysts keen to see which critical levels would fall next. BTC/USD 1-hour candle chart (Bitstamp)....
Dutch official calls for complete ban on Bitcoin
While El Salvador adopts Bitcoin as legal tender, one Dutch official blasted the cryptocurrency, calling for an urgent blanket ban. Pieter Hasekamp, director of the Dutch Bureau...
El Salvador’s Bitcoin adoption an ‘interesting experiment,’ says BIS exec
Benoît Cœuré, Bitcoin (BTC) critic and the head of the innovation hub at the Bank of International Settlements, called El Salvador’s historic move to make...
1inch releases composable Limit Order Protocol
Today, decentralized exchange and liquidity aggregator 1inch announce the launch of the 1inch Limit Order Protocol. The new feature boasts 5 different security audits, and...
Bitcoin part of highest risk category in Basel’s new bank capital plan
The Basel Committee on Banking Supervision (BCBS), a global committee of banking supervisors and central banks, has proposed new requirements for banks that want to...
The female speakers who made an impact at Bitcoin2021 in Miami
Dubbed as “the largest Bitcoin event in history,” Bitcoin 2021 consisted of 12,000 attendees from across the globe. Undoubtedly, Bitcoin (BTC) adoption is growing at...
Pantera Capital and Arrington XRP Capital lead $5.8M Unbound Finance raise
Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol...
New report: El Salvador Bitcoin pump failed to attract smart money, for now
Bitcoin (BTC) logged its best daily performance on Wednesday since Feb. 8, the day Tesla announced that it had added $1.5 billion worth of BTC...
One River Digital sees spike in demand for carbon neutral Bitcoin
Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management. One River Digital, a...
India to reportedly ditch Bitcoin ban agenda in favor of asset classification
The tide may have finally turned for cryptocurrencies in India as reports indicate a softer stance by the government toward crypto. According to a report...
Bullish reversal? Traders debate whether $37K BTC price is a trend reversal
The cryptocurrency market flashed bullish on Wednesday as Bitcoin’s (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts have been...
Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH
Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook...
Curve Finance’s new release positions project for AMM takeover
A new release from a foundational DeFi protocol seeks to combine two popular asset swap models into a hybrid that may reshape the nature of...
Bitcoin price gains 6% as Bloomberg analyst favors $40K over $20K next
Bitcoin (BTC) is “more likely” to hit $40,000 than $20,000, Bloomberg argues, as the largest cryptocurrency gains 6% in a day. BTC/USD 1-hour candle chart...
MicroStrategy gets $1.6 billion in orders in junk bond offering
Software firm MicroStrategy saw $1.6 billion worth of orders in a recent junk bond offering — four times the initially sought amount. Earlier this week, the...
Dogecoin frenzy forces UK fund manager to offload $1.1-billion Bitcoin stash
United Kingdom-based fund manager Ruffer liquidated its $600-million Bitcoin (BTC) bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies...
Chinese search engines block results for top crypto exchanges
China’s stance toward decentralized cryptocurrency trading appears to be getting even tougher. Chinese journalist Colin Wu and crypto news site 8BTCNews have both claimed that as...
Bitcoin and Ethereum transaction fees sink 95% from all-time highs
The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the...
Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin… so far
In his recent appearance on the Lex Fridman Podcast, Ethereum co-founder Vitalik Buterin revealed he profited more than $4 million from a $25,000 investment that...
Dfinity founder takes aim at Ethereum’s complex layer-two solutions
Dominic Williams, founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user...
Rogue states dodge economic sanctions, but is crypto in the wrong?
When the United States first began going after crypto companies for violating its economic sanctions rules, it didn’t exactly start with a bang. In December,...
Bitcoin will dip to $25K if this trader’s 20% crypto crash forecast comes true
Bitcoin (BTC) is heading for “absolute carnage” that will result in a trip to around $25,000, a popular trader has warned as bullish signals disappear...