Crypto

Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric, CryptoQuant deduced that major Bitcoin investors were taking no chances when it comes to short-term price action. Exchange whale ratio measures the size of the largest inflows and outflows from exchanges relative to total inflows and outflows. Before Saturday’s dip to $41,900, the metric spiked above the peak 0.95 level — and as of Monday, is back in the same territory. “Whales are still depositing BTC to exchanges. Exchange W...

Picking the right DeFi wallet comes down to selecting a solution that supports the right assets and products while offering user’s a minimum level of security, simplicity, guidance and convenience. The number of DeFi wallets continues to increase, making it more difficult for users to determine which one is the best for them. Therefore, it becomes crucial for users to carefully weigh their options before making a selection. Among the most important considerations is the assets that the wallet supports, as naturally, not every wallet will support the asset a user is looking to hold. The secondary consideration comes down to a reputation for security. Does the provider take the necessary steps to ensure the safety of its user? Furthermore, users will want to consider the types of p...

Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall, Ether (ETH) has continued to outperform Bitcoin. While Bitcoin’s market dominance has dropped below 41%, Ether has continued to gain ground and its market dominance has risen above 21%. Crypto market data daily view. Source: Coin360 Some analysts believe that Bitcoin’s recent decline could result in a lengthy phase of consolidation. Decentrader co-founder filbfilb expects Bitcoin to consolidate well into the first quarter of the next year. Lex Moskovski, CIO of Moskovski Capital, also expects “a slow grind up.” Could Bitcoin hit a bottom within the next few days? Let’s ...

Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on crypto exchanges. Binance is one of the world’s largest crypto exchanges. To become a registered crypto asset firm in the U.K., the platform must abide by money laundering and terrorist financing controls. To meet these requirements, Zhao indicated the company was considering setting up a specific company to run in the U.K. — similar to its Binance.US subsidiary. Zhao told the Telegraph on Dec. 4 that Binance plans to apply for an FCA license, having hir...

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance. This series is focused on the consensus algorithm: part one is about proof-of-work, part two is about proof-of-stake and part three is about proof-of-burn.  In this article, I want to leverage my unique perspective to help the reader gain a deeper understanding of a popular concept in blockchain technology, but also one that is woefully misunder...

The endless cookie settings that pop up for every website feel a bit like prank compliance by an internet hell-bent on not changing. It is very annoying. And it feels a little bit like revenge on regulators by the data markets, giving the General Data Protection Regulation (GDPR) a bad name and so that it might seem like political bureaucrats have, once again, clumsily interfered with the otherwise smooth progress of innovation. The truth is, however, that the vision of privacy put forward by the GDPR would spur a far more exciting era of innovation than current-day sleaze-tech. As it stands today, however, it simply falls short of doing so. What is needed is an infrastructural approach with the right incentives. Let me explain. The granular metadata being harvested behind the scenes As ma...

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below. Borderless Capital launches $500M fund to support Algorand ecosystem Capital venture firm Borderless Capital announced the launch of ALGO Fund II this week, a $500-million initiative assembled to support the creation of digital asset projects on the Algorand blo...

Bitcoin’s (BTC) downtrend extended a few rungs lower on Dec. 3 after the price dropped under $54,000 and traders will note that the BTC/USD daily chart shows a notable uptick in sell volume.  Crypto Fear & Greed Index. Source: Alternative Investors seem concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts have to say about the current market and what to be on the lookout for as 2021 begins to wind down. Strong lower support at $52,000 to $53,000 The “listless” nature of Bitcoin’s...

Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed a less volatile BTC/USD as it rose to $49,777 on Bitstamp before consolidating. Fresh off a crash to $41,900 early Saturday, the pair stabilized as the market digested what was the latest giant deleveraging event to hit Bitcoin this year. TLDR of what happened last night: Open interest being built up for weeks + a regime of positive funding and low weekend liquidity (meaning thin order books) gave a perfect storm for a long liquidation cascade. These forced sells executed into thin books, thus the drawdown. — Will Clemente (@WClementeIII) December 4, 2021 For some,...

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 Mati Greenspan, a crypto analyst and the founder and CEO of Quantum Economics, an investment analysis and consulting firm for the cryptocurrency space. Mati is the former senior market analyst at eToro and a licensed money manager in the European Union. He’s the co-author of the e-book The Complete Guide to Fintech Trading and Investments and currently advises publicly for LunarCrush, Electroneum and Luno. 1 — Does it matter if we ever figure out who Satoshi really is or was? Why, or why not? Even though our team is currently conducting extensive research on this, I don’t think we’ll ever be abl...

Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year. But one French startup is taking more of an ambitious approach with wine NFTs. In an exclusive interview with Cointelegraph, Samuel Balthazard and Yacin Kharroubi — CEO and chief product officer of World Wide Wines, respectively — discussed the logistics of making French wine available on the blockchain. Balthazard is the descendant of the family operating the Chateau du Rouet vinery in Provence, which has existed since 1840. The project itself is built on the Elrond network.  At 300 people w...

Coming every Saturday, 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 Jack Dorsey has stepped down as Twitter CEO Twitter co-founder Jack Dorsey announced Monday that he has stepped down from his role as CEO. Replacing Dorsey will be Twitter board member and chief technology officer Parag Agrawal, who was unanimously appointed to CEO by the company’s board of directors.   Dorsey also serves as the CEO and chairman of crypto-friendly payments tech firm Square, and it is unclear if he left Twitter to solely focus on the platform’s plans to develop a decentralized Bitcoin...