Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be crypto’s “biggest story” Garner retweeted a chart of Bitcoin, gold, the S&P 500 and
Cryptocurrency
The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide. According to an Oct. 20 Facebook post from Project Sand Dollar, the central bank digital currency (CBDC) became available to all 393,000 residents of The Bahamas from roughly 10:00 PM UTC. This makes
Within the past few hours, Bitcoin (BTC) price rose to $11,988 before pulling back to hover around the $11,900 level. The price is on the cusp of breaking above $12,000, and some analysts have suggested that the dominant cryptocurrency is in the process of decoupling from the rest of the market, including U.S. equities. The
The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000. The trading dominance of
Juan Benet, the creator of blockchain-based data storage platform Filecoin, has called allegations that miners of its token have been on strike since last week “nonsense.” According to a report by 8btc.com, five of the largest Filecoin miners turned off thousands of rigs to protest the platform’s economic model. Under this system, miners are required to
Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: “Dormancy is a measure
Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it
Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Calm before the storm? Analyst says $20,000 Bitcoin is possible in three months Bitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the horizon. Large
It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this week, including the election’s effect on the
Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC. Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend could be
First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed ‘Oxygen Orion.’ The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance. The highlight of the new update is the compact linkable spontaneous anonymous
In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled blockchain, which will sport file storage and D-ID (Digital or Decentralized Identity) features. Neo, the 22nd largest cryptocurrency by marketcap,
19 minutes ago No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. 107 Total views 7 Total shares Listen to article Opinion “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what
Popular hardware wallet company Ledger recently announced that they had passed a notable security evaluation, known as SOC 2 Type 1. This certification came following a significant data breach the company suffered in June. Ledger did not, however, decide to conduct its security audit because of the breach, according to comments from a Ledger representative.
The internet has evolved significantly since its inception, spawning the creation of global protocols, frameworks, and new classifications of developers. This has resulted in centralization difficulties, unnecessary complexities, and diminished quality standards loaded with vulnerabilities. The Nexus Tritium, Amine, and Obsidian (TAO) Framework will uproot these historic flaws by recomposing digital relationships. This article provides
A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve actual real Bitcoin (BTC). “The findings of Wilshire Phoenix indicate that CME Bitcoin Futures contribute more to price discovery than its related spot markets,”
Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%. From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security Token Group’s reports. That big run up means that despite the
The Uniswap community is currently holding its first-ever vote, set to be completed by October 19. Up for consideration is the reduction of thresholds required to submit governance proposals and quorums. In recent weeks, there has been much discussion and criticism about the protocol’s standing governance framework. A post by the market intelligence platform Glassnode
Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group or NYDIG, which now has over $1 billion in assets under management. Economist: Fed must
Ledger is mostly known for its consumer-facing hardware wallets, but since last year, a number of enterprises have also begun to use Ledger Vault, according to the company’s vice president of product, Jean-Michel Pailhon. This product is focused on providing custody solutions to enterprise clients. In fact, the Ledger team is currently trying to sell MicroStrategy
Aztec, a privacy protocol developing on Ethereum, announced on Monday the launch of its second iteration, promising private transactions and smart contracts while being cheaper than standard transfers. The layer two solution adopted by Aztec relies on zkRollups, similar to Loopring or ZkSync. All these protocols rely on zero-knowledge proofs to help Ethereum, scale but
On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance. Whenever Bitcoin’s volatility gets
A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level. Apollon FC, using fan token platform Socios.com, won in a friendly match against rivals Aris Limassol, Socios said in a
Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion and five counts of willful failure to file a tax return, which could
Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter. In recent months, content moderation practices employed by global social media platforms have been criticized by people across the political spectrum. Libertarian-leaning constituencies tend to criticize
Ledger, a crypto company providing a number of hardware wallet solutions, has obtained a successful System and Organization Controls, or SOC, Type 1 test. Friedman LLP, a New York-based accounting firm, ran the SOC 2 Type 1 test on Ledger, according to a statement provided to Cointelegraph: “By obtaining the SOC 2 Type 1 report,
The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning optimistic.
Negotiations between six legal firms over $8.3 million in attorney’s fees awarded from Tezos’ $25 million class-action settlement has descended into “unseemly mudslinging,” according to lawyers representing Block & Leviton LLP (B&L) and Hagens Berman Sobol Shapiro LLP. The $25 cash million settlement agreement with Tezos (XTZ) was approved in September, ending class-action claims that
Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to data from on-chain analytics firms, CryptoQuant, and glassnode. Crypto analyst, Willy Woo, noted that
Revolution Populi has released layer one of a blockchain solution that the founding team believes could be used as a clearinghouse for crypto and traditional financial transactions. The protocol iterates over the delegated proof-of-stake consensus used by EOS, which employs 21 block producers. Revolution Populi calls its consensus rdPOS, where ‘r’ stands for random. The number
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