Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again takes aim at $50,000. Is this the final hurdle before all-time highs are within reach? The Solana network was brought down by …
Category archives: Trending Crypto news
Cuba’s cryptocurrency regulations take effect
Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect. According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday. With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used …
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Advantages of Cryptocurrency: All You Need to Know
Cryptocurrencies are going mainstream and becoming an interesting investment opportunity for many people, of various backgrounds. The market is expanding as people get schooled on blockchain technology while discovering interesting new ways to utilize it. There is also a constant stream of new and innovative projects where this technology is providing a helpful solution. Finally, …
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Bitcoin Is Now Legal Tender in El Salvador: Will the Trend Continue?
El Salvador officially recognized Bitcoin as legal tender this week in a historic first for any country. EEl Salvador officially recognized Bitcoin as legal tender on September 7, 2021, making it one of the first countries to do so. Now that the milestone has been achieved, it is up to the country’s residents to make …
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Ethereum Clearly Satisfying a Huge ‘Unmet Need,’ Says ARK Invest’s Cathie Wood
ARK Invest’s Cathie Wood says it’s clear that Ethereum (ETH) is satisfying a huge unmet need in the digital asset space. In a new interview with Bankless, the noted investment management firm founder says that ETH is showing up as a strong second to Bitcoin (BTC) as a potential reserve currency. ADVERTISEMENT “I have …
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Bitcoin ledger as a secret weapon in war against ransomware
Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have set off alarms. Ransom payments …
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New Bitcoin price model suggests BTC won’t go below $39K again
Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins …
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Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’
Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops …
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Crypto and DeFi disintermediate banking in new ways, says OCC head
On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals headquartered in Washington, D.C. — Acting Comptroller of the Currency Michael Hsu delivered remarks on the topic of safeguarding trust in banking. In the speech, Hsu named reducing inequality, adapting to digitalization, acting on climate …
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Coinbase Launches Support for Two Under-the-Radar Altcoins
Crypto exchange Coinbase continues recent a spree of adding new digital assets to its platform by adding support for two low-cap altcoins this week. Coinbase Pro is listing Horizen (ZEN), an interoperable blockchain ecosystem. Horizen’s native asset, ZEN, is trading at $110.48 at time of writing and is up more than 30% on the day, …
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AMC adds Ether and Litecoin to year-end crypto adoption plans
AMC Entertainment will not only accept Bitcoin (BTC) payments for movie tickets by the end of 2022 but will also include other popular digital currencies in its crypto acceptance policy. Tweeting on Thursday, the company’s CEO, Adam Aron, announced plans for AMC to accept three other cryptocurrencies — Ether (ETH), Litecoin (LTC) and Bitcoin Cash …
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EU regulator sees crypto as sign of increased risk-taking in current climate
The European Securities and Markets Authority (ESMA) has published its report on trends, risks and vulnerabilities in the EU markets during the first half of 2021 (1H21). Its takeaways included the argument that crypto markets’ extraordinary volatility and growth make a compelling case for the need for a targeted regulatory regime, as sketched out in …
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Bitcoin historical data reveals strategy to pick the right iPhone 13
Bitcoin (BTC) and Ether (ETH) historical data make selecting the right Apple iPhone 13 model quite easy for crypto enthusiasts. Apple unveiled four different smartphone models on Tuesday, the iPhone 13 and iPhone 13 mini, with a new camera layout, as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro …
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Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?
Amid speculation as to whether China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts, analysts are wondering whether the firm’s collapse could pose contagion risks for the crypto industry. On Sept. 8, Fitch Ratings asserted it “appears probable” that Evergrande will default on its debts, with the firm having since …
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Looming Bitcoin Supply Squeeze Could Trigger New Bull Cycle, According to Crypto Analytics Firm Glassnode
Certain Bitcoin ownership metrics indicate that Bitcoin (BTC) could be teeing up for a bullish market cycle, according to the blockchain analytics platform Glassnode. Glassnode notes that long-term Bitcoin holders (LTHs) have accumulated 79.5% of all BTC, which is equivalent to the rate achieved last October before the bull market kicked off. LTHs have on …