The recent European Union proposal requiring centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders shows the dangers of recycling traditional finance (TradFi) rules and applying them to crypto without appreciating the conceptual differences. We can expect to see more of this …
Read More »Binance to drive crypto and blockchain awareness among Indian investors
Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’ awareness of crypto and blockchain, Binance highlighted that Indian regulators and policymakers cite the lack of education as an …
Read More »4-digit ENS domains spike in demand this week and continue soaring
Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS names and …
Read More »Bitcoin price slow to react as US dollar rally stops at 20-year highs
Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hugging support near $39,300 after failing to hold …
Read More »Bitcoin is 40%+ down from its ATH, but on-chain analysts say it’s ‘starting to bottom out’
The cryptocurrency market has experienced another rollercoaster week that saw Ether price drop below $3,000 and Bitcoin price hit a new multi-month low at $37,700. Equities markets also endured a sharp sell-off primarily due to investor fear over potential changes to the size of the Federal Reserve’s next rate hike. …
Read More »Plan for $1M bug bounties and double the nodes in wake of $600M Ronin hack
The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit …
Read More »Trader flags BTC price levels to watch as Bitcoin still risks $30K ‘ultimate bottom’
Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC faces off with the support zone to hold Data from Cointelegraph Markets Pro and TradingView showed a precarious picture …
Read More »Ethereum Revisits $2.8K, Why Upsides Might Be Limited
Ethereum started another decline from the $3,030 resistance against the US Dollar. ETH even spiked below $2,800 and currently attempting an upside correction. Ethereum started a major decline below the $2,950 and $2,860 support levels. The price is now trading below $2,950 and the 100 hourly simple moving average. There …
Read More »Can Terra blockchain sustain its growth? Research report digs deeper
Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is …
Read More »Sustainable energy usage for BTC mining grows nearly 60% in a year
Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year. The Bitcoin Mining Council (BMC) is group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash …
Read More »