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 Binance to launch $1B fund to develop BSC ecosystem Binance, …
Monthly archives: October 2021
Over 160 projects will launch on Terra (LUNA) early next year
Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), continues focusing on advancing the developer activity on the network. Meanwhile, the true impact of the network’s cardinal upgrade, dubbed Columbus-5, is yet to unravel, as the launch of Inter-Blockchain Communication (IBC) protocol and Wormhole support for Terra approaches. 160 more projects on …
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Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’
Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks investor protection. Economist Sees Crypto Posing Risks to Financial Stability Eswar Prasad, the Nandlal P. …
Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’
Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day …
Solana Set for New All-Time High While Ethereum Still Has Juice in the Tank – Crypto Analyst
A popular cryptocurrency analyst and trader is outlining the path forward for smart contract platforms Solana (SOL) and Ethereum (ETH). The cryptocurrency analyst pseudonymously known as Smart Contracter tells his 173,800 Twitter followers that SOL is set to surge to a new record high after a period of accumulation. ADVERTISEMENT “Sol ATH [all-time high] …
US Regulator Orders Tether To Pay $41,000,000 in Fines – Here’s Why
The Commodities Futures Trading Commission (CFTC) is ordering the entities behind the Tether stablecoin (USDT) to pay $41 million in fines. According to a new press release, the CFTC charged Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited for making “untrue or misleading statements and omissions of material” related to USDT. …
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The crypto industry is still waiting for its ‘iPhone moment’
This year, a great crypto cycle has played out with new all-time highs, euphoria and mainstream media paying lip service to the crypto trend du jour. However, the uncomfortable truth for us in the industry is that crypto is no more present in most people’s daily lives than it was in 2017. Four years have …
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Here’s When the Current Bitcoin and Crypto Asset Bull Market Will End, According to Trader Jason Pizzino
Digital asset analyst Jason Pizzino is unveiling when he thinks the current bull cycle for Bitcoin and the rest of the crypto markets will come to a close. Pizzino tells his 217,000 YouTube subscribers that Bitcoin dominance and market sentiment are important factors in predicting when a bull phase is about to end. Bitcoin dominance …
The Fragility of Passive Crypto Income Models, and How To Make Them Work
HodlX Guest Post Submit Your Post The hunt for passive income has been one of the biggest agendas in the cryptocurrency market since the inception of Bitcoin. Miners started getting their BTC, which was no more than the embodiment of a bold idea at the time. As time went on, mining had become profitable as …
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Truly decentralized finance will be beyond siloed blockchains
“Yahoo users will not be able to interact via mail with Google email (Gmail) users,” — If tomorrow’s headlines sounded like this, the earth would come to a halt. This headline shall never see the light for all the right reasons. However, blockchain tech and its favorite son, decentralized finance (DeFi), are heading towards this …
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Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. In a week where Rari Capital achieved the $1billion TVL milestone, read on to discover why OlympusDAO is yielding four-figure sums on its most popular protocol. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary …
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Bitcoin entering final stage of major bull trend, crypto analyst says
Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target. To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final …
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Why HODL for 48 hours? Because your altcoin wallet will thank you
It might seem that the volatility of digital assets’ prices and the lightning speed with which crypto markets move would mean that those who act fastest secure the heftiest rewards. And in certain cases this holds true – for example, when an announcement of a token’s listing on Coinbase or Binance first goes public, and …
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Op-Ed: Here’s how Bitcoin mining accelerates clean energy adoption
Bitcoin mining and its impact on the environment has been in the news recently, as Elon Musk tweeted his concern about the amount of its fossil fuel usage, and withdrawing his support of the cryptocurrency. But is he correct about the current situation of mining energy consumption? Are all Bitcoin mining facilities destroying the planet …
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The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures
As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and a large swathe of eminent organizations …