ATOM rallies 100% in a week: What’s behind the rerating of Cosmos?

ATOM, the native cryptocurrency of the Cosmos blockchain protocol, has rallied by over 100% in the past week.  Analysts are attributing the rally of ATOM to two major fundamental factors. First, in recent weeks, layer one blockchain protocols, like Avalanche (AVAX) and Polkadot (DOT) have gone through a major rerating. Second, the utility of ATOM that enables holders of the cryptocurrency to earn through swap, gas, and transaction fees could make it more compelling for investors. ATOM/USDT 1-

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Jack Dorsey commits $1M to Coin Center on top of Grayscale’s $2M donation

2021 is shaping up to be a generous year for cryptocurrency donations. On Wednesday, Coin Center, the leading cryptocurrency nonprofit in Washington, D.C., announced that it had raised millions in additional funding from high-profile names in the crypto industry.  Jerry Brito, Coin Center’s executive director, tweeted that his organization had received enough donations to claim the $1 million in matched contributions from Grayscale Investments, the world’s largest crypto fund manager. Les

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Monero community wants Elon Musk to add XMR as Tesla payment option

The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that XMR could also be a good payment option. After posting a CCS proposal on Feb. 9, the Monero community has raised 890 XMR ($155,000) in a move to add Monero as a payment option for a new Tesla alongside Bitcoin.  As part of the proposa

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OKEx integrates .crypto domain-based payments from Unstoppable Domains

Global cryptocurrency exchange OKEx announced Feb. 9 that it has integrated support for blockchain-based addresses from Unstoppable Domains into its customer wallets. This means that rather than needing to provide individual wallet addresses for each token type, users can send and receive any of the many currencies supported by both OKEx and Unstoppable Domains via a single .crypto or .zil domain name. In practice, this functionality was already available for incoming transactions.

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Cardano (ADA) price rallies 139% following smart contract implementation

Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018.  Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked cryptocurrency by total market cap. ADA/USDT 4-hour chart. Source: TradingView

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Coinsquare launches Quick Trade mobile app with instant funding

Coinsquare, the Toronto-based digital currency platform, has announced a new mobile trading application designed to simplify the buying and selling of cryptocurrencies in Canada.  Quick Trade was officially unveiled Monday, allowing commission-free transactions of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BTC). A total of 15 trading pairs are available at launch, with “many more digital assets to be onboarded over the coming months,” the company said. The

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Blackrock CEO calls Bitcoin an untested asset in a ‘very small market’

Just one week after asset manager Blackrock appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto. In an interview with Bloomberg on Wednesday, Fink referred to Bitcoin (BTC) as a volatile asset within “a very small market.” The CEO’s remarks continued, with fascination over the media coverage of Bitcoin, given that the “asset category is so small compared to other asset categories.” “[Bitcoin] could be another store of w

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3 reasons why Uniswap (UNI) token hit a new all-time high above $15

Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020.  In late 2020, 400 UNI tokens were distributed to all wallet addresses that previously provided liquidity on the platform at at its peak thhe impromptu airdrop was worth north of $3,500. By late October of 2020 the DeFi market has sold-off sharply and this

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Robinhood users are still limited to one GameStop share

Troubled trading app Robinhood has been narrowing the list of restricted stocks on its platform but is still keeping major restrictions on GameStop shares.  According to its website, Robinhood has lowered its list of restrictions to eight different stocks including GameStop, AMC, BlackBerry, Express, Genius Brands International, Koss, Naked Brand Group and Nokia. Robinhood previously limited trading for as many as 50 stocks on Friday, CNBC reported. As per the new restrictions, Robinhood users

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Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster

Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its response to the short squeeze on GameStop (GME). According to Fox Business Network’s Charles Gasparino, sources inside Robinhood say the company’s only focus is surviving the fallout from the drama it currently finds itself engulfed in, and will pause its plans for an IPO launch for now.  SCOOP: Ppl inside @RobinhoodApp tell @FoxBusiness pla

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Microsoft wins US patent for ‘ledger-independent token service’

Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic. 6401 Total views 63 Total shares American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system. The United States Patent and Trademark Office (USPTO) granted the patent to Microsoft’s subsidiary, Microsoft Technology Licensing, on Tuesday.

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Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts

Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity. What’s the last big technological change that had the same sort of impact that you believe blockchain will have? I think the obvious one is the internet, which was a profound revolut

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7 New Rules of Money for 2021

Practical Wisdom - Interesting Ideas Practical Wisdom is honoured to have you onboard our exciting journey. With each video, we will teach you something interesting about our exciting world. The world is an amazing, fascinating place, brimming with wonder, astonishing ideas, events and things. Here, we gather some of the world’s most profound ideas, thoughts and events, on topics ranging from science, health, economics, business, happiness, history, and much more. We try our best to mak

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Minting, distributing and selling NFTs must involve copyright law

Nonfungible tokens would be problematic without the validation and verification of copyright ownership in the NFT-minting process. 6714 Total views 49 Total shares Everyone is wild about nonfungible tokens (NFTs). The first half of 2021 alone saw NFTs from Andy Warhol, NFTs of the code for the World Wide Web, the first-ever Tweet and, of course, the famous $69 million NFT sale of Beeple’s “Everydays.” Whether this explosive rise of NFTs is

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Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts

Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity. What’s the last big technological change that had the same sort of impact that you believe blockchain will have? I think the obvious one is the internet, which was a profound revolut

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FTX’s Bankman-Fried remains cautious about nascent NFT space

The prominent crypto mogul highlighted the rapid adoption of nonfungible tokens as a potential cause for investor caution. 2841 Total views 109 Total shares In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens’ (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly ed

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Price analysis 8/20: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH

Bitcoin has resumed its move toward $50,000 and this is likely to send altcoin prices higher. 55862 Total views 73 Total shares Wells Fargo, in partnership with NYDIG and alternative assets manager FS Investments, has registered a new investment fund dubbed “FS NYDIG BITCOIN FUND I,” which will offer the bank’s wealthy clients an opportunity to gain indirect exposure to Bitcoin (BTC).  In another sign of growing institutional interest, fi

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3LAU introduces blockchain music platform Royal with $16M raise

The upcoming blockchain-based music investment platform is open to using different blockchain technologies. 4513 Total views 89 Total shares Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal. The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused invest

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Visa invests $150,000 in NFT CryptoPunk asset

Visa has made a sizable investment in the NFT space, acquiring a popular digitally pixelated CryptoPunk. 7828 Total views 10 Total shares Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017. In a blog post announcement released on Monday, Cuy She

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Let’s be clear: Blockchain technology is infrastructure

With continued dialogue between the blockchain industry and the U.S. Congress, there is still hope that regulatory legislation will arrive at a mutually beneficial resolution. 10432 Total views 164 Total shares In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimatel

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Monero price rises 20% after Atomic Swap implementation

The Monero Project introduced a new trustless way to exchange between Monero and Bitcoin last week. 11474 Total views 140 Total shares Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchai

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Bitcoin rejects $51K after Michael Saylor reveals new BTC purchase — What’s next?

Bitcoin is correcting after a big announcement from Michael Saylor and facing crucial resistance at $51,000. 65619 Total views 115 Total shares Bitcoin (BTC) is currently facing a crucial resistance to breakthrough after a massive rally of 70% since the recent low in July at $28,000. This resistance is found in the psychological area between $50,000 and $51,000 and can be classified as the final hurdle before a new all-time high. This correction

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Cointelegraph Consulting: Going down the Metaverse

The Metaverse allows people to interact with one another, digital objects and the physical world through their avatar in a virtual environment. 6926 Total views 25 Total shares As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming

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Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin’s break above the 200-day SMA suggests that the downtrend could be over, and that may pull buyers back into altcoins. 38562 Total views 17 Total shares Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. On Aug. 9, Bitcoin rose above the 200-day simple moving average, an indicator watched by institutional investors to determine whether the asset is bullish or bearish. A positive

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Forget Lambos, NFTs are the new crypto status symbol

NFTs continue to dominate the crypto conversation, with PNGs on social media profile pictures becoming the new hype. 4805 Total views 87 Total shares Not so many years ago, Lamborghinis were the main “flex” for crypto “moon-boys” as token prices reached astronomic valuations. Several high-profile cryptocurrency proponents made it a habit of arriving at conferences behind the wheels of exotic supercars and “when Lambo” was a popular r

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Fetch.ai launches NFT platform for AI-generated art

Artificial intelligence could provide nonfungible token creators with a more streamlined approach for creating and selling their digital art. 7369 Total views 256 Total shares Blockchain artificial intelligence lab Fetch.ai has launched a new NFT marketplace for AI-generated art, giving users the ability to create digital collectibles in a collaborative setting through machine learning technology.  The new platform, dubbed Colearn Paint, allows

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Blockchain technology can change the world, and not just via crypto

Blockchain offers great efficiency — and this is the main reason it will be increasingly prevalent over the next decade. 11509 Total views 348 Total shares Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s re

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3LAU introduces blockchain music platform Royal with $16M raise

The upcoming blockchain-based music investment platform is open to using different blockchain technologies. 4987 Total views 89 Total shares Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal. The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused invest

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Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide

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.   After ThorCHAIN and Chainswap were exploited, it’s safe to say that hacking cross-chain bridges seems to be the style of the season. This week, it was local project Poly Network that was fleeced of $615 million before leading the crypto co

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Cointelegraph Consulting: Going down the Metaverse

The Metaverse allows people to interact with one another, digital objects and the physical world through their avatar in a virtual environment. 7466 Total views 25 Total shares As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming

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India CBDC pilot may commence in December, says RBI governor

India’s central bank is carefully considering the merits of issuing a digital rupee, while CBDC exploration continues to gather steam across the globe. 3965 Total views 202 Total shares The Reserve Bank of India (RBI) could commence preliminary central bank digital currency (CBDC) trials before the end of the year. Speaking to CNBC on Thursday, RBI governor Shaktikanta Das said that the central bank was “being extremely careful” in its han

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Work hard at playing: How video game job markets may develop 

If you thought remote work was game-changing, wait until video game work gains traction. Blockchain-based NFT games such as Axie Infinity and Splinterlands have demonstrated that a play-to-earn business model has the potential to revolutionize the gaming industry. Pandora’s box has been opened, so to speak, and play-to-earn is here to stay. There are already people logging on to an online video game to spend their days earning a living. In this piece, we will explore what a world where earn

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New Blockchain Lab aims to modernize the mortgage industry

Business consulting firm Zventus announces a blockchain lab designed to revolutionize the mortgage sector. 15493 Total views 76 Total shares Global business provider Zventus announced a new blockchain initiative on Monday called the “Mortgage Blockchain Lab.” The lab is meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mo

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Blockchain technology can change the world, and not just via crypto

Blockchain offers great efficiency — and this is the main reason it will be increasingly prevalent over the next decade. 12118 Total views 348 Total shares Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s re

Read More

Former US president calls crypto a 'disaster waiting to happen'

He seemingly dismissed the crypto market's potential in favor of strengthening the U.S. dollar in a recent interview. 17247 Total views 68 Total shares In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the la

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China mining shock may not be over yet, experts suggest

Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window. 4934 Total views 29 Total shares Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — fro

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Cointelegraph Consulting: Going down the Metaverse

The Metaverse allows people to interact with one another, digital objects and the physical world through their avatar in a virtual environment. 7628 Total views 25 Total shares As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming

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In crypto, no one cares who you are: Here’s why that’s a good thing

Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control.   This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against your home nation and can pose a massive risk to someone’s reputation. So, what can we do about it?  One exciting phenom

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Internet Computer to release 10,000 free NFTs in debut drop

Dfinity’s clown-based collectibles are seemingly inspired by musical duo Insane Clown Posse and the early NFT project, CryptoPunks. 58838 Total views 125 Total shares Dfinity’s Internet Computer has announced the release of 10,000 nonfungible tokens (NFT). Users are eligible to claim their free token Wednesday at 8 pm UTC. Conceptualized by brothers Przemek and Tomasz Chojecki, alongside Adam Stępnik, the trio was inspired to create the ava

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How does the infrastructure bill affect the mining industry in the US?

The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry. 6211 Total views 10 Total shares On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language definin

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Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi

Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi.  One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia , works as a venture scout with LuneX Ventures , and runs Persistence , a platform that lets users earn liquidity rewards while they stake coins.  Aggarwal’s platform issues synthetic assets, perhaps better

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ShapeShift open-sources its upcoming version 2 platform code

The Erik Voorhees-led company is making strides to fully decentralize its corporate structure. In July, ShapeShift announced the largest airdrop in history as part of its decentralization pledge. 1525 Total views 29 Total shares As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of its upcoming version two platform, giving developers the opportuni

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Nigeria’s central bank issues draft guidelines on e-naira CBDC project

The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC. 4297 Total views 10 Total shares The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed e-naira digital currency. In a sensitization document sent to commercial banks in the country, the CBN outlined several design features of the central bank digital currency (CBDC). According to the d

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ShapeShift open-sources its upcoming version 2 platform code

The Erik Voorhees-led company is making strides to fully decentralize its corporate structure. In July, ShapeShift announced the largest airdrop in history as part of its decentralization pledge. 1572 Total views 29 Total shares As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of its upcoming version two platform, giving developers the opportuni

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Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide

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.   After ThorCHAIN and Chainswap were exploited, it’s safe to say that hacking cross-chain bridges seems to be the style of the season. This week, it was local project Poly Network that was fleeced of $615 million before leading the crypto co

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Russian man gets three-year sentence for stealing a friend’s mining rig

The 34-year-old convict was reportedly unable to make use of the stolen mining equipment due to a “lack of relevant knowledge.” 2748 Total views 11 Total shares Authorities from Russia’s Zavolzhsky district have found a 34-year-old local man guilty of stealing cryptocurrency mining equipment worth more than 1.6 million Russian rubles (nearly $22,000). According to a report shared by the Prosecutor’s Office of the Yaroslavl Region, the s

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Crypto exchange OKEx launches DeFi hub and NFT marketplace

OKEx is expanding its decentralized finance footprint with a DeFi Hub and a marketplace for creating and selling NFTs. 3298 Total views 45 Total shares Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs).  According to a Thursday announcement, the crypto spot and derivatives exchange

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New Blockchain Lab aims to modernize the mortgage industry

Business consulting firm Zventus announces a blockchain lab designed to revolutionize the mortgage sector. 17041 Total views 76 Total shares Global business provider Zventus announced a new blockchain initiative on Monday called the “Mortgage Blockchain Lab.” The lab is meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mo

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Chinese banks explore e-yuan for selling investment funds and insurance

Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens. 2395 Total views 35 Total shares Government-backed Chinese banks have reportedly started exploring new use cases for the digital yuan by allowing citizens to use it to buy insurance products and investment funds online. The South China Morning Post reported on Tuesday that leading Chinese banks such

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Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

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 Infrastructure bill passes US Senate — without clarification on crypto On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote. The bipartisan bill p

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Former US president calls crypto a 'disaster waiting to happen'

He seemingly dismissed the crypto market's potential in favor of strengthening the U.S. dollar in a recent interview. 18885 Total views 68 Total shares In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the la

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Survey finds Europeans want home countries to regulate crypto, not EU

A recent poll regarding European cryptocurrency policy saw the participation of 31,000 respondents across 12 member states of the European Union. 2394 Total views 30 Total shares A large-scale poll across 12 European Union member states revealed that a majority of Europeans would prefer local governments to create and regulate cryptocurrencies.  Redfield Wilton Strategies carried out a survey for Euronews, polling 31,000 respondents from Esto

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Shanghai Special: Crypto crackdown fallout and what happens next

The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industry’s leading virtual asset service providers — a term coined by the FATF to describe exchanges, wallets, custodians and even DeFi platforms.  But when it comes to crackdowns on cryptocurrency, few places do it with the effectiveness and experience of the Chinese government. Unlike in the United States, China’s regulators are n

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US defense contractor Simba Chain raises $25 million to boost NFT efforts

The $25 million funding round, led by Valley Capital Partners, will enable Simba Chain to dedicate resources to new trends in the blockchain space. 3558 Total views 10 Total shares The United States-based blockchain startup Simba Chain, which provides technology for several U.S. defense organizations, raised fresh funds to scale the business and tap new opportunities like nonfungible tokens (NFTs). The $25 million Series A funding round was led

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VeChain Thor mainnet reaches 10 million blocks milestone with no downtime

Supply chain management platform hits blockchain milestone as major consensus upgrade nears. 12652 Total views 293 Total shares Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet. The VeChain Foundation posted the achievement on its Twitter feed on Wednesday, adding that it was “a major milestone that is testament to our public blockchain’s scalability, security, and roc

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ICPunks to release 10,000 free NFTs in debut drop on the Internet Computer

ICPunks clown-based collectibles are seemingly inspired by musical duo Insane Clown Posse and the early NFT project, CryptoPunks. 93684 Total views 125 Total shares ICPunks has announced the release of 10,000 nonfungible tokens (NFT) on the Internet Computer. Users are eligible to claim their free token Wednesday at 8 pm UTC. Conceptualized by brothers Przemek and Tomasz Chojecki, alongside Adam Stępnik, the trio was inspired to create the avat

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Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?

Ether showing strength, while Bitcoin is consolidating in a range beneath $50,000. 27914 Total views 149 Total shares Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking

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Russian Sberbank plans to register its digital asset tool in September

As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one. 4041 Total views 7 Total shares Sber, the largest banking institution in Russia, continues progressing with the development of its blockchain-based platform for issuing digital assets. Anatoly Popov, deputy chairman of the executive board at Sber, said that the bank is planning to h

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VeChain Thor mainnet reaches 10 million blocks milestone with no downtime

Supply chain management platform hits blockchain milestone as major consensus upgrade nears. 12851 Total views 293 Total shares Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet. The VeChain Foundation posted the achievement on its Twitter feed on Wednesday, adding that it was “a major milestone that is testament to our public blockchain’s scalability, security, and roc

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ICPunks to release 10,000 free NFTs in debut drop on the Internet Computer

ICPunks clown-based collectibles are seemingly inspired by musical duo Insane Clown Posse and the early NFT project, CryptoPunks. 96285 Total views 125 Total shares ICPunks has announced the release of 10,000 nonfungible tokens (NFT) on the Internet Computer. Users are eligible to claim their free token Wednesday at 8 pm UTC. Conceptualized by brothers Przemek and Tomasz Chojecki, alongside Adam Stępnik, the trio was inspired to create the avat

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VeChain Thor mainnet reaches 10 million blocks milestone with no downtime

Supply chain management platform hits blockchain milestone as major consensus upgrade nears. 12897 Total views 293 Total shares Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet. The VeChain Foundation posted the achievement on its Twitter feed on Wednesday, adding that it was “a major milestone that is testament to our public blockchain’s scalability, security, and roc

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An Ethereum blockchain upgrade, crypto regulatory battles, and Bitcoin price discussion: Hodler’s Digest, Aug. 1-7

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 Square to acquire Australian fintech Afterpay in $29B deal Jack Dorsey’s digital payments firm Square entered into a $29 billion stock deal to purchase Australian buy now, pay later (BNPL)

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Sell or hodl? How to prepare for the end of the bull run, Part 2

To read Part 1 of “How to prepare for the end of the bull run,” click here. So, you’ve made a million bucks this cycle and you’re trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you don’t want to sell now and miss out on potential upside. So, what should you do? For Quantum Economics founder Mati Greenspan, the answer is simple: Be optimistic. He’s not an advocate of trying to ti

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Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4

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 Nigeria’s central bank partners with fintech firm Bitt Inc. for CBDC rollout Central bank digital currencies, or CBDCs,  which some have described as the spawn of Satan, made headlin

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British tween earns almost $400K on NFT sales without a bank account

Benyamin Ahmed created and tokenized digital pictures of whale emojis and sold them in the form of NFTs during school vacation. 28769 Total views 168 Total shares A 12-year-old boy from London reportedly earned nearly $400,000 by selling a series of nonfungible tokens (NFT) during the school holidays. In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being able to make money online by selling NFT artworks “without having

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Shanghai Man: Hack of little-known Poly Network highlights East-West crypto divide

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.   After ThorCHAIN and Chainswap were exploited, it’s safe to say that hacking cross-chain bridges seems to be the style of the season. This week, it was local project Poly Network that was fleeced of $615 million before leading the crypto co

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How will blockchain technology help fight climate change? Experts answer

For some time, the global climate crisis was a hot topic to debate. But the discourse has changed and a consensus has been reached, moving the conversation toward how to stop — or at least to lessen — the ongoing issue of climate change. Two pivotal moments in reaching this point were the adoption of the United Nations’ Sustainable Development Goals (SDGs), whose mission is to be a “blueprint to achieve a better and more sustainable future for all,” and the Paris Agreement, an

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Sell or hodl? How to prepare for the end of the bull run, Part 2

To read Part 1 of “How to prepare for the end of the bull run,” click here. So, you’ve made a million bucks this cycle and you’re trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you don’t want to sell now and miss out on potential upside. So, what should you do? For Quantum Economics founder Mati Greenspan, the answer is simple: Be optimistic. He’s not an advocate of trying to ti

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Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund

Blockchain VC investment firm Hashed is seeking $173 million for a second fund. 5631 Total views 25 Total shares One of South Korea’s leading blockchain evangelists is embarking on another huge blockchain fundraise following the success of his first. Simon Seojoon Kim is planning to raise $173 million for a second blockchain fund following the success of the initial one, which netted $120 million from investors in December 2020. Specifics re

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Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait. 33151 Total views 81 Total shares There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September.  Bybit data shows that since 2013, Bitcoin has closed September i

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Cryptocurrency can actually make a difference by helping people

The simplicity of crypto could be a game-changer for charities. One influencer is capitalizing on this to save a sanctuary for at-risk youth. 8735 Total views 82 Total shares Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to t

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Cryptocurrency can actually make a difference by helping people

The simplicity of crypto could be a game-changer for charities. One influencer is capitalizing on this to save a sanctuary for at-risk youth. 8742 Total views 82 Total shares Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to t

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How the crypto workforce changed in the pandemic

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy.  But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone. Perhaps crypto, born of a crisis, is most at home in one. Working from home is where we all have spent most of this crisis. Gaurang Tovekar is the CEO and co-founder at Indorse, a blockchain-powered enterprise SaaS plat

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How to prepare for the end of the bull run, Part 1: Timing

Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks the peak,” he says. “I said to him jokingly, like ‘you just caused the end of the bull market’.” Of course, Charlie wasn’t the real reason the bu

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Kaspersky ranks cryptojackers among top malware threats in Africa

Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. 2952 Total views 25 Total shares Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first half of 2021. Kaspersky’s research shows that 0.60% of users from South African countries hav

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New fund aims to put hundreds of millions toward Algorand DeFi growth

Different decentralized finance solutions building on the Algorand blockchain could receive a chunk of a new $300 million fund. 8948 Total views 26 Total shares Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain.  The pool of capital is called the Viridis DeFi fund

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Here’s why Algorand's price just rallied to a new multi-year high

Institutional investment, new governance features and a groundbreaking project with the government of El Salvador are just a few of the factors behind ALGO’s rally to a new all-time high. 26273 Total views 49 Total shares Real-world adoption is what really matters when it comes to being a successful blockchain project and one project that benefited from a recent uptick in adoption is Algorand (ALGO), a pure proof-of-stake protocol aiming to be

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ShapeShift open-sources its upcoming version 2 platform code

The Erik Voorhees-led company is making strides to fully decentralize its corporate structure. In July, ShapeShift announced the largest airdrop in history as part of its decentralization pledge. 1774 Total views 29 Total shares As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of its upcoming version two platform, giving developers the opportuni

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Shanghai Man: Ready Player Cats DAO, surging NFT interest, court rules crypto is not property

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.   After enforcing global KYC requirements for all users, Binance’s dominance in CeFi has slipped from about two-thirds to just over one half, according to the FTX volume monitor . The big three of Huobi, Binance and OKEx now look like a big five, wit

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British tween earns almost $400K on NFT sales without a bank account

Benyamin Ahmed created and tokenized digital pictures of whale emojis and sold them in the form of NFTs during school vacation. 28951 Total views 168 Total shares A 12-year-old boy from London reportedly earned nearly $400,000 by selling a series of nonfungible tokens (NFT) during the school holidays. In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being able to make money online by selling NFT artworks “without having

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How the crypto workforce changed in the pandemic

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy.  But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone. Perhaps crypto, born of a crisis, is most at home in one. Working from home is where we all have spent most of this crisis. Gaurang Tovekar is the CEO and co-founder at Indorse, a blockchain-powered enterprise SaaS plat

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Iota Foundation to support EU blockchain initiative

The Iota Foundation is one of seven enterprises chosen to support the early-stage innovation of a European blockchain venture. 11567 Total views 29 Total shares The European Commission's blockchain initiative has selected the Iota Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform.  The initiative seeks to increase the efficiency and accountability of the Eu

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Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund

Blockchain VC investment firm Hashed is seeking $173 million for a second fund. 5851 Total views 25 Total shares One of South Korea’s leading blockchain evangelists is embarking on another huge blockchain fundraise following the success of his first. Simon Seojoon Kim is planning to raise $173 million for a second blockchain fund following the success of the initial one, which netted $120 million from investors in December 2020. Specifics re

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Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi

Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi.  One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia , works as a venture scout with LuneX Ventures , and runs Persistence , a platform that lets users earn liquidity rewards while they stake coins.  Aggarwal’s platform issues synthetic assets, perhaps better

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Stablecoin crisis: Huge risk or FUD? - Cointelegraph video report

In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins. 6517 Total views 29 Total shares In Cointelegraph's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets.  Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grow

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New fund aims to put hundreds of millions toward Algorand DeFi growth

Different decentralized finance solutions building on the Algorand blockchain could receive a chunk of a new $300 million fund. 14942 Total views 29 Total shares Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain.  The pool of capital is called the Viridis DeFi fund

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Fidenza: Tyler Hobbs wrote software that generates art worth millions

Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions. Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for 1,000 ETH on Opensea —  $3.3 million at the time. Fidenza is the brainchild of Tyler Hobbs, 34, who quit his computer engineering job to work as a full time

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CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50%

The drop came in sync with the overall crypto market decline in recent sessions. 1772 Total views 35 Total shares The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 Ether (ETH) on Sept. 14. Larva Labs reported that the so-called "CryptoPunk 1417," a pixelated avatar of one of 3840 women created by digital artists Matt Hall and John Watkinson, is listed for sale at 79.99 ETH (almost $266,168

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Fidenza: Tyler Hobbs wrote software that generates art worth millions

Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions. Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for 1,000 ETH on Opensea —  $3.3 million at the time. Fidenza is the brainchild of Tyler Hobbs, 34, who quit his computer engineering job to work as a full time

Read More

Have your stake and earn fees too: Tushar Aggarwal on double dipping in DeFi

Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi.  One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia , works as a venture scout with LuneX Ventures , and runs Persistence , a platform that lets users earn liquidity rewards while they stake coins.  Aggarwal’s platform issues synthetic assets, perhaps better

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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 are almost always made in Bitcoin or other cryptocurrencies.  But while many were shaken by May’s Colonial Pipelin

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Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue

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. Regulatory noise In this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section so as not to waste too much of your time. Let’s begin.  It wasn’t much, just a warning from the Hebei Provincial gover

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Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price

However, some crucial Bitcoin price levels must be broken before the bullish party can start. 37106 Total views 97 Total shares Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form. Next to that, the exchange reserves

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Zabu token price flatlines after $3.2M attack on Avalanche blockchain

Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. 8601 Total views 21 Total shares Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero. Zabu Finance announced the exploit by asking for help from Avalanche an

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Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait. 33530 Total views 81 Total shares There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September.  Bybit data shows that since 2013, Bitcoin has closed September i

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New report reveals top-graded exchanges at three-year peak volume dominance

The CryptoCompare report ranked the performance of several crypto exchanges across metrics such as security and asset diversity to conclude their findings. 3235 Total views 26 Total shares Recent data from market analyst firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company's analytical model, were responsible for a three-year high in spot volume throughout the month of August.  The metric grades all crypt

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El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold for $24M, Ukraine passes crypto legislation: Hodler’s Digest, Sept. 5-11

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 Ukraine passes legislation to recognize and regulate crypto The Ukrainian parliament adopted the draft law “On Virtual Assets” Wednesday, which legally recognizes crypto in the country

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NFT gaming company Animoca Brands acquires majority stake in Bondly

The blockchain game developer is looking to improve cross-chain utilization of nonfungible token assets via its investment in Bondly. 5165 Total views 48 Total shares Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investm

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Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH

BTC and most altcoins are attempting to capitalize on the market-wide oversold bounce of Sept. 8, but the recovery could be thwarted by sell pressure at overhead resistance levels. 49719 Total views 75 Total shares Analysts are attributing Bitcoin’s (BTC) plunge on Sept. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin optio

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Sommelier partners with Mysten Labs to launch Cosmos smart contracts

Mysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects. 3403 Total views 21 Total shares Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM,  announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain on Tuesday. Founded in 2020 by Zaki Manian, a core develop

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