Category Archives: Crypto News

Bitcoin crisis, Elon Musk criticized, Ether thrives, Dogecoin survives: Hodler’s Digest, May 9–15

Bitcoin crashes after Tesla abandons the cryptocurrency as a payment method, the crypto world criticizes Elon Musk and DOGE staves off competition from a furry rival. 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 loses 6% in an hour after Tesla drops payments over carbon concerns Already losing dominance […]

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Top 5 cryptocurrencies to watch this week: BTC, XRP, DOT, XLM, SOL

Bitcoin price remains under pressure but select altcoins like XRP, DOT, XLM and SOL are showing signs of resuming their uptrend. Bitcoin (BTC) has been struggling to rise above the $50,000 mark, which could have resulted in traders dumping their Bitcoin positions to invest in altcoins. Glassnode data suggests that whale addresses owning more than 1,000 BTC have reduced from about 2,500 in February to 2,100. If large investors continue to sell, Bitcoin could witness a sharp correction until institutional investors step in and buy at lower […]

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Bitcoin slips below $46K as correction deepens; institutions keep accumulating

After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market. Bitcoin (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to a session low of $45,127.01, according to TradingView, before staging a modest recovery to around $45,400. The largest cryptocurrency by market capitalization is down 5% on the day and over 20% in […]

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Caitlin Long reveals the ‘real reason’ people are selling crypto

“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin’s reserves may have contributed to the altcoin selloffs last week. In a series of Saturday tweets, Caitlin Long said that Tether Holdings Limited’s breakdown of Tether’s (USDT) reserves were not invested in “short-term, lower-risk, liquid securities,” but rather credit assets of “who-knows-what quality.” The Avanti CEO claimed traders may have felt compelled to […]

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Solana pumps to all-time high as Bitcoin, altcoins lag

SOL was one of the top-performing cryptocurrencies on Sunday, outperforming Bitcoin and Ethereum by a considerable margin. Solana’s native SOL token is charting new highs on Sunday, gaining in U.S. dollars and in Bitcoin (BTC) on the back of growing network adoption and a key technical breakthrough.  The SOL token peaked at $52.42 on Sunday, according to TradingView, having gained 24% over the 24-hour trading cycle. That marked a new all-time high for SOL and the first definitive break above the psychological $50 level. As Cointelegraph previously […]

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The regulators are coming for crypto: What investors need to know

Increasingly sophisticated and constructive regulation of digital assets promotes innovation and helps economies to flourish. Just this week, Ether (ETH) breached the $4,000 mark while Bitcoin (BTC), the world’s most popular cryptocurrency, recently hit another all-time high at over $63,000. Meanwhile, Dogecoin (DOGE) continues its roller-coaster ride after “Dogefather” Elon Musk’s appearance on Saturday Night Live and news about digital artwork fetching eye-watering prices in the form of nonfungible tokens is all over the airwaves. Crypto is hot, whether you like it or not. Still, not everyone […]

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Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value

Firms with iconoclastic leaders, like Musk and Dorsey, “would be the most likely to take the plunge” and commit sizable cash balances to crypto. As corporate finance leaders prepare to set sail into the post-COVID-19 world amid inflation storm warnings, an increasing number of corporations are taking stock of their treasury reserve holdings. If the worst happens, and the dollar and other reserve currencies weaken, are they sure that all their balance-sheet cash is lashed down securely? It surely hasn’t escaped their notice, after all, that a […]

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FATF draft guidance targets DeFi with compliance

The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space. The decentralized finance, or DeFi, space exploded over the last year, with a total value locked in DeFi of around $90 billion, according to DeBank. The DeFi ecosystem includes projects like Maker, Aave, Compound, Uniswap and more, with new ones rapidly emerging. DeFi is a broad concept to describe an emerging area of finance built using decentralized technological tools and characterized by being open, permissionless, […]

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Defying COVID-19: Blockchain events make an in-person return

Due to the pandemic, many global events have been canceled, but some conferences can still be visited in 2021. The year 2020, for most of the inhabitants of our planet, was passed in lockdowns or quarantine due to the COVID-19 pandemic; many were forced to stay at home. Social events were canceled or postponed, and entire sectors of the world economy suffered huge losses.  The start of this year wasn’t any better, as governments across the globe are still forced to restrict events and activities to combat […]

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DeFi growth helps push crypto’s share of the global money supply above 2%

The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the […]

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