Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network continue to deal with wild fluctuations in gas fees and transaction times, several that operate on the Binance Smart Chain (BSC) have seen an uptick Read more …
April 30, DeFi light game CryptoTycoon has announced the confirmation of the institutional fundraising seed round. Participating institutions include HappyBlock, CryptoDiffer, R8 Capital, A195 Capital, 4SV, AKG Venture, PrimeBlock Ventures, Amplio Capital (BitMart Labs), T3E (MW partners) , Infinity Labs, CatcherVC, BenMo Labs, BEST, Horizon Capital, Ternary Capital, 7Star Capital. According to the official website, CryptoTycoon is a DeFi light game platform built on Binance Smart Chain (BSC). All the founding members of CryptoTycoon have worked in Tencent Interactive Entertainment (IEG), and have Read more …
Phemex, one of the fastest crypto exchanges and futures trading platforms in the industry, has further bolstered its offering by announcing the inclusion of 8 new cryptocurrencies available in both their crypto spot market and derivatives market. The latest bunch of coins to make it to the list includes BAT, CHZ, MANA, ENJ, SUSHI, SNX, GRT, and MKR. Following the listing, Phemex now supports BAT/USDT, CHZ/USDT, MANA/USDT, ENJ/USDT, SUSHI/USDT, SNX/USDT, GRT/USDT, and MKR/USDT spot trading pairs, as well as contract Read more …
Fundstrat Global Advisors’ most recent “Weekly Crypto Briefing” and the company’s lead digital asset strategist, David Grider, opines a target bitcoin price of $100k per coin is still “intact.” Moreover, Fundstrat believes that the price of ethereum will reach a $10k target, while the entire crypto-economy is “on pace to hit $5 trillion.” Fundstrat Maintains $100K Target for Bitcoin The independent financial research firm Fundstrat has a very bullish view of the current trajectory of cryptocurrency markets in the future. Read more …
The Seven Primal Elements Of The Bitcoin Brand People tend to be dismissive about new forms of money. This makes absolute sense because the value of a monetary asset resides primarily in the fact that other people are already using it. In this sense, any attempt at introducing a new form of money into the world has very slim chances of succeeding. In modern world history, governments have had a monopoly over money creation initiatives. Just imagine how everybody would Read more …
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 Bitcoin bulls attack $57,000, and altcoins rally as April comes to a close A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a Read more …
One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable. Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind of Bitcoin Fog, a darknet-based BTC mixing service. Authorities were able to capture the operator after analyzing ten years of blockchain data. One doesn’t need Read more …
Laurence Newman is the cofounder of Coinmama, a bitcoin exchange. Since this time last year, the number of wallets holding bitcoin has grown by a whopping 8 million, with this growth accounting for over 20% of all 38 million bitcoin wallets in existence. This adoption trend shows no signs of slowing down, as our news feeds continue to fill up with stories about institutional investors and Fortune 500 CEOs diving into Bitcoin. Both the statistics and the stories suggest that Read more …
Crypto investors are scratching their heads this week, as a key indicator suggests that Bitcoin is about to take center-stage once more — even as Cointelegraph Markets Pro subscribers had the opportunity to take major profits on altcoins such as Rally (RLY), Polygon (MATIC) and Ampleforth (AMPL). Since Markets Pro was launched in January, the Altseason Analysis indicator has leaned heavily toward altcoins — and indeed, the performance of an evenly-weighted basket of the Top 100 altcoins has strongly outperformed Read more …
DOGE is set to make its pop culture debut. As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” The DogefatherSNL May 8 — Elon Musk (@elonmusk) April 28, 2021 Musk’s fascination Read more …
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About the Future of Cryptocurrencies and Mining Two weeks ago, Bitdeer Group, the corporate organization behind the web portal bitdeer.com, announced the firm has been granted Read more …
“Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual shareholder meeting Saturday. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.” “I think I should say modestly that the whole damn development is disgusting and contrary to Read more …