Quant was one of the big movers in crypto markets to start the week, as the token rose beyond $200, hitting its highest point since last December. The move means that the token has now risen by nearly 40% in the last seven days. Monero was another notable gainer, rising for a second straight day. Quant (QNT) Quant (QNT) surged…
Month: October 2022
Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks
Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks climb as U.S. dollar heads lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows. The pair rose in line with stocks, with the S&P…
Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct
While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends. Bitcoin to hit $12K-$14K after midterms? Comparing Bitcoin‘s price actions that led to the midterm elections of 2018 with the ones in 2022 shows a strikingly similar bear…
How decentralized exchanges have evolved and why it’s good for users
Decentralized exchanges (DEXs) first appeared in the cryptocurrency industry in 2014, allowing users to trade a wide number of assets peer-to-peer. However, the first iterations of these platforms could be difficult to use. But, since their inception, developers have worked to make them easier and more accessible for users. Decentralized exchanges work by using smart contracts to fulfill orders placed…
Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC – Bitcoin News
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 Billion Worth of Bitcoin Has…
Sunny Aggarwal of Osmosis Labs – Cointelegraph Magazine
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today. “The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and…
Mastercard taps Paxos to launch crypto trading for banks
Mastercard officially announced on Oct. 17 a new program to enable financial institutions to bring crypto trading capabilities and services to their customers. Called “Crypto Source,” the program is designed to allow users to buy, hold and sell cryptocurrencies, complemented by Mastercard’s proprietary Crypto Secure solution for additional security and compliance. The tool is launched in cooperation with Mastercard’s existing…
Cameron Winklevoss Resigns From Gemini Europe Director Post
Billionaire Gemini co-founder Cameron Winklevoss is no longer a director at Gemini Europe, according to a Companies House filing made on October 12. Gemini Europe is a wholly-owned subsidiary of the New York-based Gemini cryptocurrency exchange, who currently provides services in 29 European countries. Cameron Winklevoss co-founded Gemini in 2014, alongside his twin brother Tyler, which has since grown to…
Bitcoin in space is good for user privacy, says Adam Back
Adam Back, the co-founder of Blockstream, took a timeout from the mainstage of Bitcoin Amsterdam, a three-day Bitcoin conference in the Netherlands, to talk with Cointelegraph. Perched at a park table amidst tulips and bicycles, the man behind the Proof-of-Work algorithm challenged Cointelegraph to a game of Jenga and made a case for beaming Bitcoin into space. One of the few people…
What new EU sanctions mean for crypto exchanges and their Russian client
Nine months into the conflict between Ukraine and Russia, sanctions against the latter have continued to grow at an aggressive pace. This time around, legislators for the European Union announced that they are introducing a complete ban on all cross-border crypto payments between Russia and its citizens. To elaborate, a prohibition of all “crypto-asset wallets, accounts, or custody services, irrespective…