Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week Pro traders unfazed by Bitcoin price stalling at $12,400, data shows Another week, another unsuccessful attempt at meaningfully cracking $12,000. Bitcoin suffered an 8.6% drop to as low as $11,370 after a stubborn
Altcoins
As the price of Bitcoin (BTC) couldn’t break through the resistance level of $12,000, a retracement did not come as a surprise. In recent days, BTC/USD pulled back to $11,400, a correction of almost 10%. Crypto market daily performance snapshot. Source: Coin360 Meanwhile, gold, silver and other commodities are also correcting due to a slight
The billion-dollar cryptocurrency space is no stranger to hype, as it is considered a factor that increases crypto prices. While this may be, hype generated from major centralized crypto exchanges may actually be creating more harm than good for users involved with certain community-based projects. For example, Web3 Foundation’s flagship project Polkadot aims to enable
The businessman behind Akon City, the 2,000-acre crypto project in Senegal ‘powered by’ Akoin tokens, has explained how the futuristic $6 billion city will work. Co-founded with singer Akon, the whitepaper for the Akoin cryptocurrency published in March, says it is a utility token aimed at the African market that powers “atomic swaps” between cryptocurrencies,
Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise. The company is the official manufacturer of Jack Daniels whiskey. According to cybersecurity services provider, AppGate, the famous alcoholic beverages manufacturer did fall victim to an
“I’m coining this term right here, right now,” Ray Youssef declares. “Financial Apartheid.” The CEO and co-founder of Paxful is on a mission. “It’s what has held Africa back more than anything else.” “How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California?
According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication companies, installing a Monero (XMR) mining app known as XMRig. Guardicore Labs explains that FritzFrog uses a brute-force
Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating.” However, with the S&P 500 hitting a new all-time high today, traders are booking profits in gold and
The price of Bitcoin (BTC) broke through the resistance level of $12,000, which led to a new yearly high for the number-one cryptocurrency by market capitalization. However, the breakout was short-lived as the BTC price fell to $11,650 in recent days, marking a drop of almost 10% since the breakout. This drop caused the price
Cybersecurity researchers have detected what they believe to be the first ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials. The mining campaign was described as being relatively unsophisticated by Cado Security in their report on Aug. 17. In total, it seems so far to have only resulted in the attackers —
Author Cal Evans bills The Little Book of Crypto as “A No BS Introduction To Crypto.” Evans also claims to be “regarded as one of the best crypto lawyers” working for “the largest independent crypto-only law firm on the planet.” This will become relevant later. The book claims to provide the reader with unique “in-industry”
In the previous weeks, altcoins gained momentum while Bitcoin (BTC) was hovering against the psychological barrier at $12,000. After a few weeks of consolidation, the price of Bitcoin finally broke the resistance zone of $12,000. However, it’s uncertain whether the price will continue moving upwards to $15,000 from here. Is the upside move a clear
The first Litecoin (LTC) native Visa debit card is being launched by BlockCard. Charlie Lee told Cointelegraph this is their second attempt at the endeavour as the previous one failed: “We previously worked with LitePay on a debit card but that failed when LitePay went out of business.” Lee also drew a distinction between this
Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week our 6 Questions go to Justin Rice, Head of Ecosystem at the Stellar Development Foundation. Stellar Development Foundation (SDF) is a
Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI. Since June, the amount of DAI on the Compound Decentralized Finance (DeFi) protocol rapidly surged. As of August,
Robert Wiecko is getting back into playing electric guitar. Armed with his brand new Fender Stratocaster, the COO of DASH Core Group is reliving his youth as a high school student living in Poland. “It’s an amazing feeling to restart something you loved so much and forgot for some reason.” Playing guitar gives him a