Since hitting an all-time high at $4,870 on Nov. 10, Ether (ETH) price has been posting lower lows over the past 50 days. If this downtrend continues, the lower trendline support suggests that the altcoin will bottom at $3,600. Still, derivatives data is signaling that pro traders are not concerned about the seemingly bearish market …
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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 Russia to decide between blanket crypto ban and legalizing exchanges …
Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain, Grupo Elektra, Now Accepts Bitcoin Elektra is a supermarket and banking chain belonging to conglomerate Grupo Salinas, …
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On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by …
The wealth manager Vaneck has announced it has expanded its exchange-traded note (ETN) offerings to support the tokens polygon and avalanche. The two ETNs follow five previously launched funds in Europe that allow investors to gain exposure to leading digital assets. Vaneck Adds Polygon and Avalanche to Its List of Cryptocurrency ETNs Vaneck has announced …
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The majority of US crypto investors who are registered to vote support one political party over the other, according to a new survey from venture capital giant Andreessen Horowitz. The Silicon Valley-based firm, also known as a16z, commissioned the survey from data intelligence company Morning Consult, which polled 2,191 registered voters in the United States …
Holiday shoppers now have the option of gifting a little bit of Bitcoin (BTC) to their friends and family. Cash App has rolled out a new gifting feature for Bitcoin and stocks, according to an announcement on Twitter. Says the mobile payment service, “With Cash App, you can now send as little as $1 in …
Rising from its modest minting price of 0.08 Ether (ETH), Bored Ape Yacht Club (BAYC) has climbed to nonfungible-token (NFT) stardom, competing with one of the earliest examples of Larva Labs CryptoPunk NFT. Given its steady but amplified growth, BAYC has many crypto natives speculating that its collection will eventually “flip” CryptoPunks, and there are …
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As of today, Coinbase has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the number of assets it had accumulated in the eight years since its founding. Is this rapid expansion a simple cash-grab? Are any of these lesser-known tokens and coins securities? Is this …
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Crypto hedge fund veteran Zhu Su is offering his reasons why he thinks the markets will rebound in a big way despite a recent downtrend in prices. In a series of tweets loaded with insider jargon, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital points out several important factors that have him …
A popular cryptocurrency analyst and trader is naming an altcoin that could surge over 7,000% while saying that Bitcoin (BTC) may have hit a bottom. Starting with BTC, the crypto trader pseudonymously known as Capo tells his 222,200 Twitter followers that the flagship cryptocurrency is encountering a large number of buy orders on crypto exchange …
Bullish traders that drank the “Bitcoin to $100,000 by year-end” Kool-Aid are now coming to terms with the fact that there may be no Santa Claus rally to wrap up 2021. At the moment, the pipe dream has morphed into simple hopes that the top cryptocurrency can at least finish the year above $50,000. Data …
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Puerto Rico recently announced that it may be looking for a blockchain solution to fight government corruption, particularly after a Puerto Rican mayor pleaded guilty to accepting a cash bribe of more than $100,000. But could a distributed digital ledger really make an impact in the unincorporated United States territory’s struggle against public fraud and …
Continue reading “Cure for the itch: Deputizing blockchain to fight public corruption”
Everybody loves a crypto bull market, but every green wave inevitably gives way to periods of sideways or downward movement. Skilled traders know that these phases of the market cycle can be rife with profit opportunities, too. Anticipating not only a digital asset’s upward price movements, but downturns and corrections can be useful when deciding …
Continue reading “Overheated DOGE: 5 times crypto traders were warned before their assets tanked”
The United States Securities and Exchange Commission (SEC) recently issued two deadline extension notices–postponing decisions on Bitcoin exchange-traded fund (ETF) proposals by Bitwise and Grayscale. On October 14, after almost two years since its first attempt, Bitwise Asset Management filed for approval of a physically-backed Bitcoin ETF with NYSE Arca. The following week, on October …
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