Monthly Archives: August 2021

Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin

ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network’s high transaction fees and delayed confirmations.  One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on […]

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U.S. Congress submits 18 crypto bills in 2021, Visa buys $150K CryptoPunk, MicroStrategy snaps up more BTC: Hodler’s Digest, Aug. 22-28

Coming every Saturday, Hodlers 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 Congress has put forward 18 bills on digital assets in 2021 so far The U.S. Congress has been ramping up its efforts to provide a regulatory framework for crypto in 2021 and has put forward 18 bills concerning digital assets and blockchain tech […]

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Remembering Bitcoin Pioneer Hal Finney (May 4, 1956 – August 28, 2014)

Seven years ago today, Bitcoin pioneer Hal Finney passed away from complications of ALS. He’ll always be remembered for “running bitcoin.” Seven years ago today, legendary computer programmer and recipient of the first-ever Bitcoin transaction Hal Finney passed away as a result of complications of ALS. Finney worked as a video game developer and then as a developer for PGP Corporation, an early public-key cryptography software provider. He was also an active member of the cypherpunks mailing list and, in 2004, created the world’s first reusable-proof-of-work (RPOW) […]

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Crypto, Congress and the Commission: What’s next for the ‘Wild West’?

Recently, there’s been much regulatory activity around crypto; anyone whose business deals with digital assets will need to pay attention. The entire cryptocurrency industry is waking up to a new reality. Politicians and regulators have decided to wade into the space, which had flown mainly under their radar until now. A House committee chair is launching a working group; the Securities and Exchange Commission is seeking new authorities to regulate digital assets as securities; and the Senate-passed infrastructure bill includes $28 billion in tax revenues from crypto […]

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Blockchain technology can change the world, and not just via crypto

Blockchain offers great efficiency — and this is the main reason it will be increasingly prevalent over the next decade. Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s really hard to get it right. It’s best to divide the blockchain topic into two main buckets in order to understand […]

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Bitcoin in line for ‘phenomenal’ weekly close if BTC price holds $49K

The final hurdle for Bitcoin bulls this week could still cancel out recent losses if downward BTC pressure stays away. Bitcoin (BTC) held $49,000 on Aug. 28 after the United States Federal Reserve sparked a run-up toward critical resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $49,300 on the weekly chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday. The end of the working week had seen a positive reaction to comments from […]

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Brands must tokenize their loyalty and rewards programs

Branded stablecoins will revolutionize reward points in the same way nonfungible tokens are revolutionizing ownership. The adoption of nonfungible tokens has served as a practical entry point for users joining the crypto economy, driven primarily by their respective fandoms and the benefit-centric nature of the tokens. For instance, if you’re a Lebron James superfan, you can understand why “The Block” from the 2016 NBA finals is valuable on NBA Top Shot without understanding the blockchain. But when it comes to brands, stablecoins are likely to become the […]

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How A $1 Million Bitcoin Price Will Drive The Billionaire Flippening

The explosion in wealth that will occur as bitcoin gains in value will create a new class of billionaires. When technological change happens in society, it happens quickly and in a pronounced manner. Precisely one decade ago, Apple’s market cap had just matched Exxon Mobile’s market cap of $310 billion. In the decade since, Apple’s market cap has gone up to over $2.4 trillion, and Exxon’s has gone down by 100 billion dollars to $216 billion. This gap is likely to only increase as time goes on. […]

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A Gentle Introduction To The Lightning Network

Often seen as the path forward for Bitcoin’s scalability, this is a simple description of the Lightning Network. *This article assumes the reader already has a basic understanding of the Bitcoin protocol, as well as how nodes, users and miners interact within it. Bitcoin is extremely secure, but this initially came at a trade-off: It’s slow. On its base layer, there’s no getting around the immense computing power and 10-minute average block time — and that’s the point. Bitcoin’s maximum transactions per second (TPS) is about five, […]

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3 reasons why Tezos (XTZ) price has gained 85% this month

Major protocol improvements, attractive staking rewards and real-world adoption from banks back the current bullish price action seen in XTZ. The Ethereum (ETH) network is currently the dominant layer-one protocol in terms of smart contract deployment and active users, but the race to become the ‘world’s computer’ is far from settled because competing protocols are gaining traction by offering solutions to high transaction costs and slow confirmation times, the biggest problems facing the network. One project that has been on the rise over the past month is […]

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