Cointelegraph.com News

Cointelegraph.com News


Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Posted: 16 Jun 2022 01:32 PM PDT

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC's current drop to 2017 highs.

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Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

Posted: 16 Jun 2022 01:00 PM PDT

The pro-crypto SEC commissioner and "Crypto Mom" had sharp words for SEC behavior toward Bitcoin spot ETF sponsorship applicants, delivered at a libertarian forum.

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Resistance is futile! 3 reasons why Bitcoin mining will never go away

Posted: 16 Jun 2022 12:27 PM PDT

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.

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Three Arrows Capital has failed to meet margin calls: Report

Posted: 16 Jun 2022 12:15 PM PDT

Crypto lender BlockFi was among several companies to liquidate at least some of 3AC's positions, according to a new report.

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State securities regulators investigate Celsius over withdrawal suspension: Report

Posted: 16 Jun 2022 11:30 AM PDT

Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market.

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Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

Posted: 16 Jun 2022 11:15 AM PDT

Watches, blockchain and NFTs combine with the launch of TAG Heuer's new luxury wearable.

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Further downside is expected, but multiple data points suggest Bitcoin is undervalued

Posted: 16 Jun 2022 10:40 AM PDT

Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.

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SOL price trending toward yearly low as Solana TVL drops $870M in three days

Posted: 16 Jun 2022 09:40 AM PDT

DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price.

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Accepting Bitcoin for your business just like Tesla: Report

Posted: 16 Jun 2022 09:14 AM PDT

Merchants that accept crypto rather than credit cards for payments can expect to save as much as 3.5% — or more.

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This oracle data provider platform has surpassed 4 million nodes since inception

Posted: 16 Jun 2022 08:30 AM PDT

The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting.

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Blockchain's potential: How AI can change the decentralized ledger

Posted: 16 Jun 2022 07:39 AM PDT

Artificial intelligence's transformative power in relation to blockchain technology is being severely overlooked, say experts.

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BTC price rejects at $23K as US dollar declines from fresh 20-year highs

Posted: 16 Jun 2022 07:38 AM PDT

The Fed rate hike does not offer much relief as a downtrend in stocks resumes, dragging Bitcoin with it.

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US Air Force taps SIMBA Chain to develop budgeting and accounting system

Posted: 16 Jun 2022 07:02 AM PDT

They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers.

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Soulbound Tokens: Social credit system or spark for global adoption?

Posted: 16 Jun 2022 06:46 AM PDT

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Regulations and exchange delistings put future of private cryptocurrencies in doubt

Posted: 16 Jun 2022 06:38 AM PDT

At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete.

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Banking uses 56 times more energy than Bitcoin: Valuechain report

Posted: 16 Jun 2022 06:16 AM PDT

Analysis of Bitcoin's proof-of-work and the Lightning Network exposes the banking system as energy-hungry, demonstrating that Bitcoin is better for the planet.

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Bank of Russia backs cross-border crypto payments vs. domestic trade

Posted: 16 Jun 2022 06:03 AM PDT

Cryptocurrencies can be used in cross-border or international payments only if they don't get into Russia's domestic financial system, the Bank of Russia governor said.

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Circle launches euro-backed stablecoin EUROC

Posted: 16 Jun 2022 06:00 AM PDT

Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations.

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Ethereum sell-off resumes with ETH price risking another 25% decline in June

Posted: 16 Jun 2022 05:02 AM PDT

Ether price is forming a bear pennant pattern whose profit target comes to be near $850.

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Huobi to permanently shut crypto operations in Thailand

Posted: 16 Jun 2022 04:42 AM PDT

Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC.

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‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

Posted: 16 Jun 2022 03:48 AM PDT

Crypto winters are actually good for Bitcoin, say experts, as some pivotal BTC projects like the Lightning Network were born during bear markets.

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Kazakhstan to let crypto exchanges open bank accounts

Posted: 16 Jun 2022 03:28 AM PDT

Exchange platforms will get an opportunity to operate legally in the Astana International Finance Center in 2022.

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Metaverse could be worth $5 trillion by 2030: McKinsey report

Posted: 16 Jun 2022 02:47 AM PDT

A new report from global consulting firm McKinsey found that the Metaverse could be worth $5 trillion by 2030.

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Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Posted: 16 Jun 2022 02:26 AM PDT

Danny Yuan said that their team detected that $1 million was missing from their company's funds at Three Arrows Capital (3AC).

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CAR president urges citizens to understand Bitcoin to bring long-term prosperity

Posted: 16 Jun 2022 02:10 AM PDT

For the past few weeks, the crypto market has been in a tailspin. While other investors may have given up on BTC, its ardent supporters continue to extol its virtues.

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These 3 metrics suggest the Bitcoin price crash is not over

Posted: 16 Jun 2022 02:05 AM PDT

$20,000 feels scary, but it may not be the end of the story for Bitcoin's latest bear cycle.

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‘Buy Bitcoin, plant a tree, lower your time preference’: A Sequoia story

Posted: 16 Jun 2022 01:00 AM PDT

"I'm trying to get people to plant trees," said Fangorn, a green-fingered Bitcoiner, "as an avenue for low-time preference."

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BitBoy founder threatens class action lawsuit against Celsius

Posted: 15 Jun 2022 10:43 PM PDT

BitBoy Crypto founder Ben Armstrong said that Celsius won't let him withdraw money from the platform without sending more money to it first.

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BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

Posted: 15 Jun 2022 10:35 PM PDT

Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020.

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Yahoo launching Metaverse events for Hong Kong residents under restrictions

Posted: 15 Jun 2022 10:30 PM PDT

Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland's native token, MANA.

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