Cryptocurrency

Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.”  He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, and they view him as conflicted given that his business partially involves the sale of offsets.” However,

The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices.  Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges

The price of Bitcoin surged higher on May 26, breaching the $40,000 level for the first time in five days as traders brushed aside concerns about China’s crypto ban and the United States’ crypto tax proposal. The benchmark cryptocurrency reached an intraday high of $40,855 before turning lower owing to profit-taking sentiment. In the meantime, analysts

The price of Bitcoin (BTC) has surpassed $40,000 on May 26, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000.  BTC/USD (orange) and ETH/USD (blue)

The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about whether the current price action is a ‘dead cat bounce’ which will see token prices head lower or a solid reversal that will set the floor for the next leg higher for

As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical lows following its bear cycles. The last time it predicted a bottom was on Nov. 1, following

Blockchain infrastructure company Bison Trails has partnered with Volt Capital to allow users of the Celo Network to stake their tokens securely through their mobile devices.  The collaboration sees Bison Trails running a Celo validator node for Volt Capital, thereby allowing Volt Capital’s community to stake the CELO cryptocurrency, earn rewards and help grow the

South Africa is the latest country to begin exploring the possibility of creating its own sovereign digital currency. According to a release issued on Tuesday, the South African Reserve Bank has begun preliminary feasibility studies about the “desirability and appropriateness” of a retail central bank digital currency. As part of its announcement, the SARB defined

Custody services aren’t the most compelling corner of the crypto ecosystem, but 21st-century solutions for storing and safekeeping digital assets are critical if cryptocurrencies are to achieve widespread adoption.  For that reason, Cowen Inc.’s recent announcement that the 103-year old United States investment bank wants to hold crypto on behalf of asset managers and hedge

Bitcoin (BTC) prices pulled back on May 25, wiping a small portion of the gains it had made during the previous session amid another day of volatile trading. The BTC/USD exchange rate fell up to 6.11% after opening the Asia-Pacific session at $38,856. The pair met a strong resistance force near its 200-day simple moving

Airtm, a Mexico City-based digital wallet and exchange operator, has received $15 million in funding from the Stellar Development Foundation, or SDF, as it seeks to expand financial services and cryptocurrency adoption in Latin America.  The investment, which is the largest SDF has ever made as part of its Enterprise Fund, will enable Airtm to

Elon Musk captured the world’s attention when he declared that Tesla would no longer accept Bitcoin as a payment method, citing the blockchain’s environmental impact. Although this thrust the debate about cryptocurrencies and the climate into the spotlight, this has been an issue that has been rumbling on for many years. Bitcoin’s proof-of-work consensus mechanism

It seems like everything’s a NFT these days, and your DNA could be next.  In a press release today, AkoinNFT — the nonfungible token platform from musician and budding blockchain entrepreneur Akon — announced the planned auction of a NFT that will contain a “high-res artistic representation” of the genetic data of Professor George Church,

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 United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and

Blockchain-based streaming service Sator has developed a decentralized app that will enable users to earn NFTs, tokens and “other rewards” by watching TV and playing games. While details are sparse on the exact amount of rewards users can receive, according to the website, NFTs awarded will be directly tied to amount of shows watched, and

Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts. One project that is looking to take the simplicity of DeFi to the next level

Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC/USD 1-hour candle chart (Coinbase). Source: TradingView MATIC hits fresh record high Cointelegraph Markets Pro and TradingView showed MATIC/USD reaching $2.18 during trading on May 18 in firm defiance of the broader market

Fox Broadcasting Company has teamed up with Rick and Morty co-creator Dan Harmon to develop what they describe as the “first-ever animated series curated entirely on the Blockchain.” The animated comedy series, dubbed “Krapopolis,” will be launched alongside a dedicated marketplace that will host the sale of tokenized digital goods including nonfungible tokens depicting the

Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network. Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm

Shiba Inu (SHIB) has been the talk of the cryptoverse and mainstream media recently. It is a meme coin themed around the Shibu Inu dog, a Japanese dog breed that Dogecoin (DOGE) is also basing its image on. According to data from CoinMarketCap, SHIB hit its all-time high of $0.0000388 on May 10 after it

Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter. On May 16, Musk replied to a tweet predicting that Tesla may dump its BTC holdings

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 Bitcoin loses 6% in an hour after Tesla drops payments

It surely hasn’t escaped their notice, after all, that a number of public companies that “joined” Bitcoin (BTC) in a big way over the past year recently broadcast strong Q1 2021 earnings. Square, which holds $472 million worth of BTC, for instance, reported a quarterly gross profit increase of 79% year-over-year, doubling analysts’ expectations. While

This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have

Supply chain management has historically been challenging due to issues, such as increased costs, consumer demands, financial risk, volatility and much more. Unfortunately, the COVID-19 pandemic has created even bigger issues for supply chains globally.  A recent survey conducted by Big Four firm Ernst & Young in late 2020 puts this in perspective, noting that

Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge price also rallied after Elon Musk tweeted that he was “Working

Cardano’s (ADA) impressive 816% gain in 2021 catapulted the smart-contract platform’s market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago. As Cardano’s price evolves, so do its derivatives markets, and the nearly $1 billion futures open

Beams of light flashing out of a person’s eyes are not an uncommon sight in the world of comic books and superhero movies. In recent months, however, these so-called “laser eyes” have been making the news, not because of a movie or web series, but because of Bitcoin (BTC).  To be more specific, an increasing

Non-profit decentralized finance alliance, GoodFi, has announced the addition of 22 DeFi industry leaders to its newly formed Board of Advisors including representatives from many of the sector’s top projects. It’s also launched a website to hook new users up with appropriate DeFi protocols. Announced May 13, the advisory board features Chainlink account executive, Michael