The price of Bitcoin surged past $11,000 for the first time in 13 days as traders discuss where BTC is headed next. The price of Bitcoin (BTC) broke above $11,000 at last, after 13 days within a tight range. But this time, the market dynamic is different because Ether (ETH) and most decentralized finance tokens […]
This little project is expected to manage $70 million worth of ADA annually. IOHK has distributed $250,000 worth of ADA to Project Catalyst. These funds will be allocated to several Cardano-based projects proposed by the community. Project Catalyst is one of the building blocks of Cardano’s Voltaire era, which is expected to bring decentralized governance
The U.S. government is charging ahead in its pursuit of privacy tokens, according to its latest sanctions. Per its Wednesday additions to its list of sanctioned individuals, the United States Treasury Department is targeting Monero (XMR) addresses. Russian nationals Dmitriy Karasavidi and Danil Potekhin have become the newest names on the specially designated nationals list. According to the
Blockchain regulation continues to increase and it isn’t likely to slow down any time soon. In an effort to increase the country’s legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany’s financial
Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the
The asset’s new multichain partner makes it so. As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than
Hot wallet attacks have been making a lot of headlines lately. Crypto exchange Eterbase recently fell victim to a hack of its hot wallets. According to a statement issued by the Slovak Republic-based exchange, hackers extracted approximately $5.4 million from the exchange’s accounts on August 8. Shortly thereafter, Eterbase assured users that law enforcement had
If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place. The short-term gyrations in crypto and stock prices are usually based on sentiment and technicals, while the long-term trends generally follow stronger underlying fundamentals. Therefore, if the fundamentals do not weaken, smart investors view
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right. On Sept. 8, the IRS’s criminal investigation department signed a $249,900 contract with a blockchain analytics firm to expand its crypto tracing tools. The contract provides limited information, but it follows an overarching
But that may not mean what you think it means. In its latest crypto newsletter, Bloomberg said that according to its records, the correlation between Bitcoin (BTC) and gold is at its highest level since 2010: Bitcoin and gold correlation. Source: Coin Metrics. If you look at the chart above or find other charts online
There are two sides to every story. SushiSwap, an upcoming DeFi protocol forked from Uniswap’s decentralized exchange, has grabbed numerous headlines in recent days. One such story pointed out that the project’s pseudonymous head, known only as Chef Nomi, maintains access to $27 million in Sushi tokens. Cointelegraph reached out to SushiSwap’s founder for further
The surrounding threat level is low, but there are fears it could increase. Cybersecurity experts at ESET published an in-depth study about a new malware named “KryptoCibule.” This exploit specifically targets Windows users with three methods of attack, including by installing a crypto mining app, directly stealing crypto wallet files, and replacing copy/pasted wallet addresses
