Cryptocurrency

Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price. In a tweet on Aug. 18, the derivatives trader @JSterz highlighted “extreme” Bitcoin futures spreads as a sign that an intensely strong bullish advance may soon arrive. Trader: “This thing is going to

Gold has been the world’s standard reserve currency for hundreds of years. Even as the world has moved to fiat currency, governments and investors alike still look to gold as a reliable alternative. Given recent volatility, though, it may be crypto’s chance to step in as a different, perhaps more secure option. On Tuesday, August

Bulgarian authorities have arrested two men for illegally siphoning off more than $1.5 million in electricity to operate two crypto mining farms. According to an Aug. 14 report from Bulgaria Today, two men have been detained in connection with the theft of $1.5 million in electricity used for mining Bitcoin (BTC) in the small town

Huobi DeFi Labs has launched a global DeFi alliance, which is set to establish universal protocol standards for the DeFi space and improve communications within the DeFi ecosystem. The alliance will also conduct research on emerging DeFi protocols to help avoid future crises in the community. The alliance’s inaugural members are MakerDAO (MKR), Compound (COM),

As the price of Bitcoin continues to meet resistance passing $12,000, its hash rate has hit a new all-time high. Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate reached a new peak of 129.075 EH/s. The achievement comes after two weeks of fairly stagnant hash rate growth, with the previous

Open interest on Ether (ETH) futures grew by 250% over the past three months to reach $1.7 billion. This incredible build up occurred as the cryptocurrency broke the $400 resistance to reach its highest levels in two years. ETH futures open interest in USD terms. Source: Skew Unfortunately, there is no way to ascertain whether

In the enterprise realm, blockchain has moved from an experimental toy to a top-five strategic priority. As a technology that can improve security and coordination both within and between enterprises, it is now seen as an important path to digitalization — particularly in an increasingly data-centric business world. However, while high levels of investment into

Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space?  The surge of interest in the space came to a head in 2017 as Bitcoin (BTC) hit

Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occurs Despite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levels Chainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430

California’s Senate Banking and Financial Institutions committee has passed a bill seeking to define digital assets and measure its impact on the state and consumer protections.  Assembly Bill 2150, which can potentially influence how federal regulators approach digital assets, unanimously passed the Senate’s Banking and Financial Institutions committee. It will be discussed in the Committee

Interest in cannabidiol-based products has been on the rise, as recent statistics show that the global cannabis market is expected to have reached $42.7 billion in the next four years. Yet as hemp-derived cannabidiol, or CBD, products gain popularity, federal agencies are proceeding with caution around regulatory measures for cannabis products.  In order to address

Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion. ETH-USD 4-hour chart. Source: TradingView.com The record high open interest on ETH futures hints that traders

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week our 6 Questions go to Justin Rice, Head of Ecosystem at the Stellar Development Foundation. Stellar Development Foundation (SDF) is a

Ripple (XRP) CEO Brad Garlinghouse has responded to criticism from New York Times technology reporter Nathaniel Popper after news surfaced that Santander Bank is still hesitant to use the company’s native token XRP. Popper took aim at Garlinghouse, citing statements by the CEO in January 2018 around banks “planning to use [the] XRP token in

Earlier this week Bitcoin (BTC) bulls and crypto investors were thrilled by the news that MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion, had formally adopted Bitcoin as its primary reserve asset by purchasing 21,454 BTC ($250 million).  This led the majority of top crypto analysts and industry folk to post uber-bullish statements on

The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion mark.  At the same time, an increased demand for such applications among users and developers makes it a target for bad actors,

After a series of regulatory changes led the South Korean exchange UpBit to force out its foreign users from the platform, the company is setting up a new division in Thailand. According to an announcement shared with Cointelegraph, UpBit has received approval from Thailand’s Securities and Exchange Commission to operate its digital asset exchange in

Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000. Cryptocurrency daily market performance snapshot. Source: Coin360 As BTC price rallied, many major altcoins surged in tandem. Chainlink (LINK), which

It’s no secret that 2020 has been the year of decentralized finance when it comes to the crypto world. In this regard, a number of DeFi tokens have enjoyed value surges recently, leading many experts to believe that the future looks bright for this niche sector. Global DeFi markets are continuing to scale up to

Around 100,000 people in total attended the 2020 Great Bay Area International Blockchain Week, hosted by Cointelegraph China and Cointelegraph in Shenzhen’s Great Bay district in the first week of August. Guests were divided between those who participated online and offline, according to Cointelegraph China’s report. The conference focused on investment, industry, public chain, trading

According to recently published research, an attacker has found vulnerabilities in the Tor browser network that might have allowed them to steal Bitcoin (BTC) from users. Tor was developed by the U.S. government for anonymous internet communication and has since been adopted by privacy advocates. Because of its privacy-preserving features, it is also popular with

Although recycling may seem like a relatively simple concept, the plastics recycling supply chain proves otherwise. From understanding which plastics get recycled to determining the quality of those plastics, these issues and more are resulting in lower recycling participation rates.  Statistics show that by 2024, the global recycling market is expected to reach $377 billion.

A judge has sentenced Australian citizen Kathryn Nguyen to a maximum time of 2 years and 3 months in prison for her role in stealing more than 100,000 XRP tokens in January 2018. According to an Aug. 11 report in Australian publication Information Age, Nguyen was sentenced over the theft of more than $300,000 in

Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help

Satoshi Nakamoto years ago envisioned an ecosystem that would be independent of the centralized financial system that dominates the global economy today. His creation sparked a global community of enthusiasts and an entire industry surrounding blockchain — the solution enabling individuals to turn their money away from centralized legacy institutions and toward transacting on a

The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities. According to a Aug. 3 update on the New York Department of Financial Services website (NYDFS), state regulators have approved 8 cryptocurrencies for listing and trading.

Band Protocol, the cross-chain data oracle platform, said that its token BAND has been listed on Huobi Global exchange. The company clarified in a press release on its blog that trading on BAND token will start on August 10. Huobi will support BAND/U.S. dollar, BAND/BTC and BAND/ETH trading pairs.  Regarding deposits, the company stated that

KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. According to D Daily, the project is expected to launch before the end of the year. The system will connect KEB

A pilot project run by Bitbeat-affiliate company CIC Enterprise wants to provide crypto payment solutions at two of the busiest beaches of the country for tourists to use. According to ZDNet Korea, the firm partnered with card and cash payments provider Innotech for the token-powered payments solution in the Haeundae Beach System on the beaches

Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said.  The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia.  Tokens