Coming every Sunday, 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 A calmer week for Bitcoin — but price may not
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For the first time in just under a week, Bitcoin has tumbled under $6,000, extending Friday morning’s losses of 10%. As of the time of writing this, the cryptocurrency trades for $5,930, having hit $5,895 just minutes ago as of the time of this article’s writing. While this price action just transpired, many analysts believe
A growing number of Bitcoin analysts are sounding the alarm about the need for the flagship cryptocurrency to prove its worth during the current financial crisis. They assert that now is the time for the decentralized asset to prove its resiliency amid an increasingly unstable global economy. Global Conditions Open the Door For Big Gains
The digital dollar has been the talk of the crypto world this week. Drafts of the COVID-19 stimulus bill first included and then discarded the creation of digital dollar wallets; a digital distribution method that would enable direct aid to citizens. The version of the “Coronavirus Aid, Relief, and Economic Security Act” that became law
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,” the patent reads. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget
Bitcoin failed to surpass the $7,000 resistance and declined below $6,500 against the US Dollar. BTC is likely to bounce back as long as it is above $6,000 and the 100 SMA (H4). Bitcoin price is currently correcting gains from the $7,000 resistance area. The $6,000 region and the 100 simple moving average (4-hours) are
A network of malicious QR code generators has stolen more than $40,000 from Bitcoin (BTC) users in one month. At least nine fake Bitcoin-to-QR code generators have been spotted in recent weeks, with security researcher, Harry Denley, first tweeting that he had identified two domains hosting fake QR code applications on March 22. Denley later
The Malta Financial Services Authority, or MFSA, has issued an alert on March 25 about two crypto exchanges that do not have licenses to operate, nor are they regulated in the country. COINMALEX and Crypto Foxtrades are the exchanges that the country’s financial watchdog alluded to in the statement, as both companies claimed on their
On Friday, U.S. bureaucrats passed the 2020 stimulus bill, which has become the largest cash injection package ever created by the federal government. However, following the bill making it through the Senate and House, Republican representative Thomas Massie told the public the stimulus bill bolsters a shroud of secrecy surrounding the Federal Reserve. Moreover, within
After an extended bout of sideways trading within the upper-$6,000 region, Bitcoin’s bears finally gained the upper-hand over bulls, leading the benchmark cryptocurrency to plunge to its support within the lower-$6,000 region. This sharp downwards movement that first began late-yesterday also seems to have pushed BTC below a key trendline that bulls were previously defending.
Bitcoin has slightly declined during the last 24 hours, according to Coinmarketcap data, but the drop might extend in the coming hours and days. Currently, the BTC/USD pair is trading at $6,616.25 as of 7:47 UTC. Bears Might Take Control of Bitcoin Mood Yesterday, the price couldn’t break above $7,000 on most major exchanges and
On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors rushed to the safety of cash, and no cryptocurrency was immune from the mass sell-off. The
Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country has developed its own unique approach. Data and transparency seem to be
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin has flatlined, trading between $6,500 and $6,800 for a number of days. Almost all altcoins followed suit, also posting close to no notable price action over the past few days. Ripple’s XRP, though, got some time in the spotlight, rallying 10% higher on Thursday
How far can a preliminary injunction from an American court reach? The answer to that question is everything for Telegram’s embattled TON blockchain project. TON has been under legal fire since shortly after the SEC became aware of its token sale. The drama is ongoing as recently as this week, when a federal district court
18- year-old Erik Finman made his own rules when he invested in Bitcoin and left high school to start his own business
The coronavirus pandemic and the economic crisis that it has brought along is the first of its kind in this generation. For weeks now, global equities markets have been swinging wildly due to the uncertainty. However, compared to the traditional markets, Bitcoin has been holding up quite well and its volatility has been gradually reducing
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History
