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 US financial regulator FinCEN hires its first-ever chief digital currency …
Monthly archives: July 2021
Key altcoin price metric flashed bullish ahead of Axie Infinity’s parabolic rally
Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19, yet the coin’s weekly stats are still outstanding: 118% against United States dollar and …
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XRP’s $0.50 Support Could Offer Some Relief in The Short Term
XRP continues to exhibit weakness on the daily chart XRP/USDT is currently trading below the 200-day moving average and seems destined for a death cross Buyers of XRP are yet to step up to the plate and return it to bullish territory XRP’s $0.50 support remains strong with a retest of this level likely The …
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Square Is Building a Bitcoin Hardware Wallet – Here’s How It Will Look
Square CEO Jack Dorsey says the merchant payment platform will build a Bitcoin hardware wallet. In June, the head of the digital payments company unveiled that Square was exploring the idea of creating a hardware wallet for Bitcoin in collaboration with the crypto community. ADVERTISEMENT “Square is considering making a hardware wallet for Bitcoin. …
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Ethereum Single-Handedly Holding Down Entire Altcoin Market, According to Crypto Analyst Justin Bennett
Crypto analyst Justin Bennett says he expects the entire altcoin market to struggle until Ethereum gives them the signal they need. In a new strategy session, Bennett says he sees a trend in Ethereum dating all the way back to November of 2020 that could decide the fate of altcoins. ADVERTISEMENT “I don’t often …
Paraguayan lawmakers to present Bitcoin bill on July 14
Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country. “I am here to unite Paraguay,” Rejala tweeted Friday, adding that he and his fellow lawmaker are planning …
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Privacy-preserving computation on blockchains could prevent breaches
In the 19th century, the barons of American industries rose to prominence by leveraging their hold on tangible resources like oil and steel. Today, corporate titans seek to attain even greater heights of wealth by gathering consumer data. But now, like then, the benefits of accumulating such resources come paired with a significant business risk: …
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7.3% Of Bitcoin’s Circulating Supply is Held on Crypto Exchanges
7.3% of Bitcoin’s circulating supply is held on crypto exchanges This amount translates to roughly 1,533,235 Bitcoin Coinbase and Binance lead the rest in Bitcoin holdings Bitcoin exchange outflows have once again resumed despite the bearish environment Bitcoin outflows point towards renewed accumulation and a possible floor at current levels However, Bitcoin is still in …
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Bullish Cryptocurrency Exchange Prepares to Launch and Go Public on NYSE
Crypto startup Bullish has announced its plan to go public on the NYSE as it gets ready to launch a cryptocurrency exchange. The Bullish exchange aims to be a “revolutionary, regulated cryptocurrency exchange that offers deep, predictable liquidity for investors to generate yield from their digital assets.” Bullish to List on NYSE Bullish announced its …
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Man Who Accidentally Threw Away 7,500 Bitcoins on Hard Drive Has New Plan to Retrieve His BTC
The Welsh man who accidentally threw away a computer with 7,500 bitcoins on its hard drive has come up with a new plan to retrieve his lost coins from the city landfill. “We estimate there are between 300,000 – 400,000 tons of waste to look through,” he said. Man on Mission to Retrieve 7,500 Lost …
Tiktok Bans Users From Promoting Cryptocurrencies
Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content promoting cryptocurrencies and related products and services. The company’s “Branded Content Policy” states: All financial …
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Analyst Who Accurately Predicted Bitcoin’s 50% Fall Updates Crypto Forecast
Chief investment officer and founder of Guggenheim Partners Scott Minerd, who notably called Bitcoin’s 50% collapse, suggests that the Bitcoin correction might not be over. ADVERTISEMENT In a recent CNBC interview, Minerd reflects on his initial prediction, saying that he thought a pullback was likely, given the crypto market’s parabolic rise over the past …
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Great buy? Bitcoin trades at record 59% below stock-to-flow BTC price model target
Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week. In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin’s twelve-year lifetime. “Great buying opportunity” With BTC/USD showing few signs of a …
GBTC unlock edges closer as impact on Bitcoin price remains unclear
As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock. A total of nearly 40,000 BTC will be unlocked in July, amounting to nearly $1.5 billion in notional value. The biggest of these unlocks will …
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Crypto options are turning mainstream
Despite ongoing vaccination efforts and pandemic aid, the world’s economy looks remarkably different than it did over a year ago. The new financial landscape and continued uncertainty have accelerated the shift away from traditional financial institutions. As the economy attempts to roar into high gear from a standing start, the world of cryptocurrency has taken …