Category: Cryptocurrency

May 08
Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near […]

May 08
For the crypto industry, supporting sanctions is an opportunity to rebrand

One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks lost access to the international payments and messaging network SWIFT, and private sector payment companies, such as […]

May 07
‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over

Bitcoin (BTC) dipping below $36,000 “smells like capitulation,” one trader says as suspicion mounts over United States stock markets. In a tweet on May 6, Cointelegraph contributor Michaël van de Poppe suggested that the BTC price was at least giving “serious signals.” Analyst: Stocks saw “forced liquidation” After plunging to 10-week lows in line with equities […]

May 06
SEC approves Valkyrie’s Bitcoin futures ETF

Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act. 5561 Total views 36 Total shares The United States Securities and Exchange Commission (SEC) has given the green light to Valkyrie’s futures exchange-traded fund (ETF) application. This represents another ETF […]

May 06
Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour

Top golfers from Africa and Europe will be eyeing lucrative Bitcoin (BTC) payouts at the end of the 2022 season after a new sponsorship of South Africa’s Sunshine Tour. The year-long season sees golfers compete for the top spot on Sunshine Tour’s overall leaderboard, the Order of Merit. Crypto platform Luno, which has a big […]

May 06
Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate

Thursday was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7%, while the Nasdaq slipped over 5%.  Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin looks weak, one analyst and some evidence would suggest that Bitcoin is still […]

May 06
Controlling 17% of BTC hash rate: Report on publicly listed mining firms

The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current […]

May 06
OpenSea Discord server hacked, users warned to be vigilant of phishing scams

The hacker’s initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space.” 692 Total views 10 Total shares Nonfungible token (NFT) marketplace OpenSea suffered a server breach on its main Discord channel, with hackers posting fake “Youtube partnership” announcements. A screenshot […]

May 06
Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume

After almost seven months and over 8.4 million emails on the waitlist, Coinbase opened its NFT marketplace to the public but only recorded 150 transactions on the big day. 2597 Total views 51 Total shares Coinbase, one of the largest crypto exchanges by volume, opened its beta nonfungible token (NFT) marketplace to the public on […]

May 06
Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)

The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans. 2281 Total views 52 Total shares Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add […]