Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week The price of Bitcoin is facing its final resistance before $15,000 It’s been a (slightly) calmer week for Bitcoin — with the world’s biggest cryptocurrency managing to recover from the low $11,000’s in
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Bitcoin has been consolidating within the upper-$11,000 region for the past several days. Its ongoing bout of sideways trading first came about last weekend when it faced a firm rejection at $12,000. The selling pressure here has proven to be insurmountable ever since, and traders are now shifting their focus towards smaller altcoins – which
The U.S. markets have rallied sharply from their March lows, led by the tech sector and Fed injections designed to hold up the ailing economy. Markets across the globe have also joined the party as a steady economic recovery from the coronavirus pandemic picks up steam. The fast-paced rally in global stock markets has pushed
Evan Shapiro is CEO and co-founder of O(1) Labs, the team behind Coda Protocol, a lightweight chain that affords all participants fully P2P, permissionless access from any device. Who controls Bitcoin? A hint: It’s not you. And it’s a far cry from the decentralized utopia many claim it to be. Systems of power are rapidly
China’s dominance in Bitcoin mining may not last as more mining chips are produced and other countries offer cheap power sources, said cypherpunk Jameson Lopp in a blog post. Lopp noted China has a virtual monopoly on Bitcoin mining mainly because most of the facilities that manufacture of mining chips are in Asia and its
Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left Bitcoin (BTC) and Ether (ETH) prices soaring while provoking mixed feelings among crypto miners. The COVID-19 pandemic
They say that education prepares you for later life. For many sleep-deprived teenagers staggering through the corridors on a Monday morning, this is the sole motivation to learn — the hope that upon graduation, they will be equipped with the tools and wisdom necessary to navigate the intimidating minefield of adulthood. So it is expected
Konstantin Ignatov, a major figure behind OneCoin cryptocurrency exit scam, was dismissed from a civil class action brought by OneCoin victims. According to an Aug. 7 report by Finance Magnates, OneCoin investors have agreed for a settlement with Ignatov. In a court filing on Aug. 6, plaintiffs Donald Berdeaux and Christine Grablis agreed to discontinue
Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt. The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex. In June, the plaintiffs namely, Matthew Script, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz
Crypto cards have become a must-have for many crypto services. Hoping to reduce the risk of blocking transactions, companies have been looking again and again for reason why their customers should use “plastic.” But a crypto card is a placebo that does not solve the problems of either users or fintech companies — its only
The hype surrounding decentralized finance is sometimes credited with triggering a wider market rally in July, as new protocols began releasing tokens that were immediately posting gains of many times their initial value. Despite undeniable price growth, however, it is not immediately clear if the sector as a whole has grown, as reliable metrics to
Evidence suggesting a change in investor behavior continues to grow as XRP and a handful of other projects see serious declines in crypto wallet addresses over the past 4 weeks. XRP Investors Hodling or Losing Interest? Analyst CryptoRand has posted a chart showing the number of dynamic addresses has decreased among many major platforms over
In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs — the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed
Bitcoin has stalled in the high-$11,000s over the past few days after the cryptocurrency faced its second rejection at $12,000. As of the time of this article’s writing, the cryptocurrency trades for $11,650. This is a price above critical support levels such as $10,500 and $11,500, but it is clear that the uptrend Bitcoin was
Decentralized finance (DeFi) has been clogging the Ethereum network, but not in the way most analysts would have guessed. An architectural quirk in the most-used software version of Ethereum, Geth, has led to an uptick in the practice of spamming the network to secure trade profits over the last six months, according to Certus One
Understanding Bitcoin as something static — as some ‘thing’ with a solidified identity — is not understanding Bitcoin at all. Bitcoin is not being. Bitcoin is becoming. The perpetuation of its identity is not terminal but rather instrumental to something else. Bitcoin maintains identity so that it can serve its meaning. And, like identity, meaning