China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with …
Continue reading “All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone”
The price of Bitcoin fell 5% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal. With that in mind, let’s take a nostalgic look at the last 12 years of FUD out of China, and see if we can spot any patterns. China …
Continue reading “Crypto has recovered from China’s FUD over a dozen times in the last 12 years”
The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to …
Continue reading “Altcoin roundup: There’s more to DeFi than just providing liquidity”
Marion Laboure, an analyst at Deutsche Bank’s research division, said she can envision Bitcoin taking the role of digital gold in the future: lasting for centuries and largely not controlled by the government. In an update to Deutsche Bank’s website on “what’s next” for the largest banking institution in Germany, Laboure said she could “potentially …
Continue reading “Deutsche Bank analyst: Bitcoin will be ‘ultra-volatile,’ but it’s here to stay”
A new blockchain-based gaming altcoin is surging after being listed by the cryptocurrency exchange Binance. Launched in July, Yield Guild Games (YGG) is a play-to-earn decentralized autonomous organization (DAO) designed to allow users to invest in non-fungible tokens (NFT) in virtual worlds. ADVERTISEMENT DAOs are governance systems that rely on computer code to control …
A popular crypto strategist and trader believes the “bottom is in” after a rough week for many cryptocurrency investors. The analyst, pseudonymously known as Capo, tells his 165,300 Twitter followers that price patterns suggesting Bitcoin (BTC) would fall below the $38,000 support level appear to be invalidated. ADVERTISEMENT “38k seems invalidated. It dumped to …
Mizuho analyst Dan Dolev believes financial services firm Robinhood now has an edge over cryptocurrency exchange Coinbase amid plans to add crypto wallets to its stock trading app. Earlier this week Robinhood announced it will start testing crypto wallets in October. ADVERTISEMENT In a CNBC interview, Dolev says Robinhood is in a “much better …
The CEO of crypto trading giant Coinbase says he’s holding heaps of Bitcoin (BTC) and believes the future of altcoins is brighter than ever. Brian Armstrong tells venture capitalist Anthony Pompliano that BTC sparked a revolution in computer science and economics, creating a brand new industry that remains in its early days. ADVERTISEMENT “Bitcoin …
Continue reading “Coinbase CEO Says He Owns a Ton of Bitcoin, Unveils Outlook on Rise of Altcoins”
The crypto market’s recovery was rocked on Sept. 24 after news that China’s government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently. Although the news has caused a selloff, long-term investors …
Continue reading “Price analysis 9/24: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA”
Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. In a week where DeFi’s parabolic growth continued elsewhere, the United States Securities and Exchange Commission Chair Gary Gensler threatened to tackle stablecoins. What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the …
Continue reading “Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23”
A Redditor living in Yemen’s capital city of Sana’a claims to be using cryptocurrencies to buy food packages for families unable to access supplies during an ongoing civil war. According to a Thursday Reddit post from user yemenvoice, the Yemen national has raised roughly $12,000 in crypto donations to be used towards fighting starvation in …
Continue reading “Yemen national uses crypto donations to fight starvation amid civil war”
Michaël van de Poppe is sharing his updated forecast for two leading altcoins, Cardano (ADA) and XRP. In his new video, the crypto analyst says that Cardano has hit important price levels, breaching the $1.90 to $2.10 range. ADVERTISEMENT “I’m assuming that Cardano is quite close to being bottomed out at this stage, through …
The co-founder and chief technical officer of the crypto analytics firm Glassnode says on-chain data shows that Bitcoin (BTC) is headed straight for a supply crunch. The firm’s latest data shows nearly 2,000,000 BTC has shifted from short-term to long-term holders since April of this year. ADVERTISEMENT Glassnode’s Rafael Schultze-Kraft says the data clearly …
Twitter just rolled out a new feature that allows users to send payments in Bitcoin (BTC). The social media giant says the new “Tips” option enables Twitter users to send funds to virtually anyone on the platform. ADVERTISEMENT The feature is powered by Strike, an app that processes BTC transactions via the Lightning Network, …
Continue reading “Twitter Launches Bitcoin Tipping Feature on iOS, With Android Coming Next”
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000. After the …
Continue reading “Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban”
