This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. In this 30th edition of the Shanghai Man column, we preview the Wanxiang Shanghai Blockchain Week, an offline event that normally is the …
Category archives: Trending Crypto news
Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry
Ether (ETH) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC). My bet is we will see an …
Three Altcoins Poised To Explode After Bitcoin’s Big Breakout, According to Crypto Analyst Inmortal
A popular crypto analyst is mapping out some big price predictions for three large-cap altcoins. The pseudonymous trader Inmortal tells his 95,000 Twitter followers that in order for the crypto market at large to remain bullish, Bitcoin (BTC) now needs to hold above $61,000. ADVERTISEMENT If that happens, Inmortal predicts the leading smart contract …
Bitcoin ETF Is Not Fueling Top Cryptocurrency’s Rise to Record Highs, Says JPMorgan
Despite conventional wisdom, analysts at banking giant JPMorgan Chase say that the new Bitcoin Futures ETF is not the reason behind BTC’s surge to a new all-time high. Company strategists tell Bloomberg that concerns over inflation are driving up the top crypto’s price, rather than excitement over the launch of the first-ever BTC Futures ETF. …
Associated Press plans to launch Chainlink node to publish data
The Associated Press news agency announced it would be launching its own Chainlink oracle node to ensure any data from its U.S. newspaper and broadcaster members would be cryptographically verified. In an Oct. 21 announcement, the Associated Press, or AP, said smart contract developers would have access to the agency’s “economic, sports, and race call …
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Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel
PayPal co-founder and billionaire venture capitalist Peter Thiel believes he may hold a clue on how to find Satoshi Nakamoto, Bitcoin’s (BTC) pseudonymous creator who disappeared two years after mining the cryptocurrency’s genesis block in January 2009. His theory stems from an early meeting of E-Gold founders in February 2000, where roughly 200 people coalesced …
Shark Tank Investor Kevin O’Leary Says He Considers Crypto a Stock Market Sector – Here’s Why
Shark Tank star Kevin O’Leary is managing cryptocurrencies in his portfolio just like they were a sector of the stock market. In a new interview, the celebrity venture capitalist says that investing in crypto is not limited to just holding Bitcoin (BTC) and Ethereum (ETH). ADVERTISEMENT “The truth is there’s so much activity going …
Crypto Lending Platform Celsius Responds to New York Attorney General’s Shut Down Order
Celsius Network is fighting back against the perception that regulators have cracked down on its operations. The crypto lending company issued a statement this week saying “Celsius is here to say” and “working closely with regulators.” Celsius also clarifies that it did not receive a cease-and-desist order from authorities in New York State. ADVERTISEMENT …
Little-Known Altcoin Erupts After Sudden Listing From Crypto Giant Coinbase
A little-known altcoin is in the midst of a meteoric price rally after gaining support from crypto exchange leader Coinbase. In a new blog post, the company announced that it will launch support for Assemble Protocol (ASM) on Coinbase Pro. ADVERTISEMENT The move sent the low-cap coin’s price skyrocketing 217% from $0.03 to $0.10 …
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Dogecoin Adoption in the US Supercedes Bitcoin and Ethereum, According to New Crypto Survey
The adoption rate of Dogecoin (DOGE) in the US is nearly double that of the rest of the world, according to a new survey from the Australian publication Finder. The survey polled 41,645 individuals in 22 countries and found that nearly a third of all cryptocurrency holders in the US own Dogecoin. ADVERTISEMENT “Of …
Traders brace for a drop to $58K if Bitcoin price loses the $62K support
Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTC) price lost steam at $67,100 and retracted to the $62,000 level. An early morning 87% flash crash in the price of BTC at Binance US saw the price briefly touch $10,000 and it may have set the market on edge, but generally, it appears …
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Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions
Wally Adeyemo, the Deputy Secretary of the United States Department of the Treasury, said the department would likely be enforcing more sanctions on companies involved in illicit transactions related to ransomware payments. Speaking at an online event hosted by the Center for a New American Security with former Treasury Secretary Jack Lew and Ambassador Paula …
Breaking Google’s monopoly: Internxt pushes decentralized cloud as privacy concerns grow
Privacy-focused blockchain file storage service Internxt has a lofty vision: leverage decentralized technology to break Big Tech’s monopoly over user data. Its first product, Internxt Drive, aims to compete as an alternative to Google Drive and Dropbox — without compromising personal privacy and data ownership. In an exclusive interview with Cointelegraph, Internxt CEO Fran Villalba …
How cross-chain games are giving users the first look at a metaverse
Society is headed towards a new form of digital ownership with an economy and greater metaverse based on the blockchain. The concept of “the metaverse” is typically depicted as actual and augmented reality-based in a virtual world. Most recognize this concept since it is present in several fictional movies of dystopian futures like Ready, Player, …
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Here’s What Will Trigger the Next Big Ethereum Rally, According to Top Crypto Analyst
A popular crypto trader is predicting what needs to happen for Ethereum’s (ETH) price to surge even further. In the TechnicalRoundup newsletter, the pseudonymous analyst DonAlt says ETH is likely to underperform during a Bitcoin (BTC) breakout but will overperform later if the market rides “a multi-month uptrend.” ADVERTISEMENT “As Bitcoin gets sufficiently pumped …