Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried, also known as SBF, who also called for more
Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session,
Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” bitcoins returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers
Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a
Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. Bets that $20,000 will fail as support increase Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading. The atmosphere was volatile after tech
The Merge, which is considered one of the most significant blockchain upgrades on Ethereum (ETH) to date, brought down the network’s energy consumption by 99.9% immediately. On Sept. 15, the Ethereum blockchain migrated from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in an effort to transition into a green blockchain. What followed was an
In the weeks following new sanctions from the European Union, Binance has kept its doors open for nonsanctioned Russian nationals — but that does not mean that the firm isn’t complying with the sanctions, according to Binance’s newly appointed sanctions executive. Western sanctions against Russia have been a major challenge for Binance from day one,
Not everyone is convinced that Mark Zuckerberg’s massive metaverse experiment is a good idea. Since Facebook rebranded to Meta in 2021, the social media giant’s focus has increasingly shifted to connecting the digital and physical worlds through augmented reality. However, a shareholder of the company recently issued a letter to the CEO calling the metaverse
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. After the Mango Markets exploit last week, Compound protocol paused the supply of four tokens as lending collateral to protect it against any price manipulation. Crypto staking protocol Freeway
Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsuit filed in Singapore’s high court on Sept. 23, 359 individuals allege
Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market. The publication date of the newsletter will
The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether in ways that are different from mining. Staking is expected to create
As fans prepare for game one of the World Series between Major League Baseball’s (MLB) Philadelphia Phillies and the Houston Astros, the candy and collectibles firm Topps released the company’s 2022 NOW MLB Postseason non-fungible token (NFT) collection. The MLB Postseason NFT collection is being released in three drops via the Topps NFT marketplace. Topps
Ethereum rallied with the rest of the crypto market, reaching above $1,500 to land at a new one-month high. As the market rallied, developers had roused from their slumber looking to take advantage of the renewed interest in the market. This saw the number of new smart contracts deployed on the network reach new 2022
Ripple Labs has published its third quarter report. In addition to numerous advances in development and adoption, two bits of information are particularly interesting for XRP investors. The first figure was hailed a major milestone by Ripple Labs CEO Brad Garlinghouse on Twitter. For the first time in the history, the company’s XRP holdings have
Bitcoiner Dan Held gave journalist Nicole Behnam a true Texan welcome to Austin while the pair discussed their individual paths into the world of crypto. Dan Held is a household name in the world of Bitcoin (BTC), while Nicole Behnam is a journalist turned cryptocurrency and NFT enthusiast. Together, the pair explored Held’s hometown of
Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become. Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25. Two days, half a billion dollars of ETH shorts It is not just
Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain. According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele Foletti cited El Salvador adopting Bitcoin (BTC)
Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses. Economic data for Q3, 2022 saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. Bitcoin hodlers shrug off Q3 tech results The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after
As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month still sets a record low for an average daily aggregate product volume across all digital asset investment products. According to the report from CryptoCompare, published