GENDI

Bitcoin volatility will always disappoint some investors: Michael Saylor

MicroStrategy CEO and Bitcoin evangelist Michael Saylor recently featured in an interview to share his insights into the global macro environment alongside Bitcoin (BTC) and crypto in general.  Speaking about the risks related to volatility, Saylor said, “The people that invest in Bitcoin as traders — and they don’t, they don’t have a technology view or the macro view — they’re always going to be…

Bitcoin exchange supply hits a 6-month low as accumulation continues

The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed.  At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics firm Santiment. “The 6-month low is a promising sign, as it generally will indicate that there is a decreased risk of…

Is the Bitcoin bull run only in the ‘disbelief’ market cycle phase?

Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues. In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to suggest that BTC’s price is far from its macro top. No Bitcoin bull run ends in “disbelief” Bitcoin has so far failed to crack resistance even at $40,000,…

Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet

Ethereum Classic (ETC) reached its highest level in almost three weeks Wednesday, buoyed by Barry Silbert-backed Digital Currency Group’s $50-million investment and by an overall cryptocurrency market recovery led by Bitcoin (BTC). The 17th-largest cryptocurrency by market value traded as high as $63.19 — a nearly 98% rise from its June 22 low of $31.91. Meanwhile, the market value of all the…

Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry

Ether’s (ETH) $1.5-billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options.  However, bulls were unable to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call…

Child’s play: Gajesh Naik, 13, manages a fortune in DeFi

At 13, it is hard to believe that anyone can understand the potential — and responsibility and danger — of holding private keys while living life as a normal seventh-grader in India. What makes the case of Gajesh Naik, the 13-year-old decentralized finance (DeFi) wunderkind from Goa, so unique is that while he can design a DeFi protocol able to accept $1 million of investors’ money, he is too…

Aave price hits 3-week high as ‘Aave Pro’ debuts for institutional lending

Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by offering institutions, corporates and fintech clients access to decentralized finance (DeFi). That said, it would follow strict…

Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve

Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days.  Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30 on June 22, the price of ALPHA has rallied 196% to a monthly high at…

Las stablecoins están bajo escrutinio: USDT defiende el ‘papel comercial’ de Tether

El mercado de stablecoins ha crecido exponencialmente, y la semana pasada, Eric Rosengren -presidente del Banco de la Reserva Federal de Boston- pareció levantar una bandera de precaución. “Hay muchas razones para pensar que las stablecoins -al menos, muchas de las stablecoins- no son en realidad especialmente estables“, dijo en unas declaraciones ante el Official Monetary and Financial…

Price analysis 6/4: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH

Bloomberg senior commodity strategist Mike McGlone believes Bitcoin (BTC) is more likely to turn up and rally to $100,000 rather than correct to $20,000. In the June edition of the Bloomberg Galaxy Crypto Index report, McGlone said that Bitcoin’s correction had not dented its foundation and it was “stronger, greener and less extended” than in April. While Bitcoin has yet to witness a surge in…

We’ve passed peak corporation already — Michael Anderson, Framework Ventures

The pandemic has changed society forever — and in many cases, not for the better. But when historians look back in a few decades, will they see this period as a turning point in the transition from an economy dominated by corporations to a new crowdsourced model where participants are incentivized with tokens to grow a project and share in the profits? It may sound far-fetched given that…

Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19

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 Hawkish Fed comments push Bitcoin price and stocks lower again The crypto markets had started the week with a…

Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this ‘healing process’ was seen when the crypto markets did not react negatively to the news that the United Kingdom’s Financial Conduct Authority banned…

Cambridge and IEA data shows Bitcoin carbon intensity peaked last year

According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the available data, Hass McCook, a…

Are cryptocurrency ransom payments tax-deductible?

About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China to Europe, and to secure a great source of wealth from trading in luxury goods. Now, as trade increasingly has shifted to the…

Canciller del Reino Unido coloca las CBDC en la lista de próximas reformas financieras del Tesoro

Rishi Sunak, canciller de Hacienda del Reino Unido, ha incluido las criptomonedas y las monedas estables en la lista de reformas financieras que el gobierno planea emprender en los próximos años. En declaraciones a los legisladores en la residencia del Lord Mayor de Londres el jueves, el canciller dijo que el gobierno del Reino Unido implementaría recomendaciones para establecer al país como un…

La SEC tailandesa y la autoridad reguladora de las Islas Caimán toman medidas contra Binance

Binance, el principal exchange de criptomonedas por volumen de trading, continúa enfrentándose al escrutinio de los reguladores con respecto a la legalidad de sus operaciones en ciertos países. La Comisión de Bolsa y Valores de Tailandia (SEC) y la Autoridad Monetaria de las Islas Caimán (CIMA) son los últimos reguladores financieros en anunciar una ofensiva regulatoria contra Binance. La SEC…