Cardano is one of those altcoins that has managed to actually walk the walk. In fact, the network is on its way to introduce smart contracts by October 2021 with Alonzo. However, has the altcoin’s price actually been keeping up with its growing popularity? Based on the recent marketRead More →
Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority. Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the world’s biggest crypto exchange in anRead More →
A recent article highlighted the fact that Uniswap’s daily active addresses were up by 72.5% since Monday and also depicted the same for other tokens in the DeFi space, namely Maker, Compound and AAVE. This was an early indication of a possible DeFi recovery. Meanwhile, UNI’s price has latchedRead More →
The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank isRead More →
China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange Gemini, compared China’s harsh stanceRead More →
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 price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp. TheRead More →
Bitcoin (BTC) edged closer to the significant $30,000 support on June 8 amid predictions that a major crypto correction was imminent. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls line up to protect $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making repeated lower lows on short timeframesRead More →
Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary Today, sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with aRead More →
In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention. Huge rallies and dramatic declines often trigger waves of fear, uncertaintyRead More →
Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged inRead More →
Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times, cited three sources privy to discussion on the formation of a fresh panel of experts with a view to regulatingRead More →
Bitcoin (BTC) is nearing $40,000 this week as “Dogefather” Elon Musk deals out pure pain to hodlers — what’s next? After a traumatic weekend for many crypto investors, Monday is setting the stage for the next chapter in the wild 2021 bull market. Cointlegraph takes a look at fiveRead More →
Despite the recent NFT frenzy starting to cool, prized nonfungible tokens with historical significance are still fetching multi-million dollar prices. On May 12, famed New York-based auction house, Christie’s, tweeted that an auction for nine tokens from pioneering NFT CryptoPunks had cleared for nearly $17 million combined. Despite theRead More →
Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than itRead More →
Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price nears $58,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $57,000 again during Wednesday trading, with daily gains knocking onRead More →
The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average BitcoinRead More →
ShapeShift CEO and crypto industry stalwart Erik Voorhees has suggested that the launch of ThorChain is arguably the biggest event in crypto this week. And considering all eyes in crypto are on the direct listing of major United States exchange Coinbase on the Nasdaq on Wednesday — with aRead More →
Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows ofRead More →
The market capitalizations of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the secondRead More →
Another day of gains for Bitcoin (BTC) has seen the price of the largest cryptocurrency by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands atRead More →
Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & InfrastructureRead More →
A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees onRead More →
The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. According to the March 18 complaint, Jones is accused of accessing a darknet-based insider trading forum in late 2016Read More →
Following the French government’s decision to sell 611 BTC in an auction this week, the United States government completed a Bitcoin auction recently. US General Services Administration, or GSA, auctioned off 0.7501 Bitcoin; the federal agency has made more than $53,000 from the sale. Interestingly, the aforementioned lot ofRead More →
A rising tide lifts all boats — even those previously thought to be shipwrecked. At least that’s how it looked on Wednesday when some previously dormant altcoins erupted back to life, experiencing spikes ranging between 3,000% and 6,500% for the week. Foremost among them was Karma (KARMA), a socialRead More →
