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BTC price slips under $46K but analysts are betting on new Bitcoin all-time highs
Bitcoin (BTC) saw lows of under $45,600 on Aug. 15 as a second instalment of its resistance rejection played out. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Analysts eye BTC attack on all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $46,000 overnight on Saturday after an earlier failed breakout. As Cointelegraph reported, bulls had run out of steam during an attack on a major sell wall holding Bitcoin back from $50,000. The U-turn sparked a more fragile mood for Sunday, with daily losses sitting at 4% at the time of writing. “This area is to me the major boss and hurdle to climb,” popular Twitter trader Pentoshi warned, adopting a bullish view on higher timeframes. BTC/USD, he added, had almost completed pre...
How blockchain could have saved the Library of Alexandria
The study of history and ancient people is immensely important to preserving the knowledge passed down through the generations. Unfortunately, the significance of the knowledge is particularly acute when it is lost. With tragedies such as the fire of the Library of Alexandria, or the pillaging of the House of Wisdom in ancient Baghdad, or the more recent losses of artifacts at the Iraq Museum, perspectives were lost, advancements in philosophy and literature were forgotten, and languages and translations vanished from the earth. As we look to preserve our history, how can we safeguard the artifacts of our heritage from disaster? Using blockchain technology to keep a record of the data stored on a decentralized cloud service could be exactly what the historical and archive indus...
Nonfungible tokens: A new paradigm for intellectual property assets?
Nonfungible tokens, or NFTs, are digital records of the ownership of assets. The asset types most commonly associated with NFTs are digital assets, such as artwork like memes, GIFs, or gaming characters or properties. Assets represented by NFTs, however, may be digital, physical, tangible or intangible. Examples of asset types that have been transferred or that have had their ownership recorded utilizing NFTs include sports memorabilia, copyrights in music, artwork and real estate. Intellectual property assets and, specifically, the ownership and transfer of ownership of patents may also be recorded and transferred as NFTs. Related: Nonfungible tokens from a legal perspective The ownership of real estate may be recorded in a registry of deeds, the ownership of patents may be recorded in th...
XRP chart triggers sell-off warning after price explodes by 54% in one week
XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback. In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair’s gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154 — a 134% upside retracement on the whole. On a week-to-date timeframe, the XRP/USD rates were up circa 54%. XRP overbought The latest bullish moves in the XRP market prompted two classic indicators to forecast imminent price corrections. The first indicator is the relative strength indicator (RSI). It represents a magnitude of price...
How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer
Christof is the founder and CEO of Hornet, a queer social network with over 30 million users worldwide. “Emerging technologies play a major role for the LGBTQ community, whether we like it or not. On the negative side, 64% of adult LGBTQ Americans have reported online discrimination and harassment on the ‘big five’ heteronormative social networks [Facebook, Instagram, Twitter, YouTube and TikTok], according to the recently published Social Media Safety Index by GLAAD. That is the highest number of positive responses among any minority in the U.S. and is up from 40% in a similar study conducted by Hornet and Kantar in 2018. We see day in and day out how technology amplifies all aspects of our lives, including all the negatives, from LGBTQ discrimination in the ...
Bullish Ethereum traders can place risk-averse bets with this options strategy
Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance. Although Ether is not yet a fully deflationary asset, the upgrade paved the way for Eth2, and the network is expected to abandon traditional mining and enter the proof-of-stake consensus soon. Ether will then be slightly deflationary as long as fees remain above a certain threshold and the level of network staking. In light of the recent rally, there are still daily calls for Ether to rally above $5,000, but surely even the most bullish investors know that a 90%...
7.2 magnitude earthquake hits Haiti; at least 304 killed
Henry declared a one-month state of emergency for the whole country and said he would not ask for international help until the extent of the damages was known. He said some towns were almost completely razed and the government had people in the coastal town of Les Cayes to help plan and coordinate the response. “The most important thing is to recover as many survivors as possible under the rubble,” said Henry. “We have learned that the local hospitals, in particular that of Les Cayes, are overwhelmed with wounded, fractured people.” He said the International Red Cross and hospitals in unaffected areas were helping to care for the injured, and appealed to Haitians for unity. “The needs are enormous. We must take care of the injured and fractured, but also provide food, aid, temporary shelte...
7.2 magnitude earthquake hits Haiti; at least 29 killed
Henry said on Twitter that the ″violent quake″ had caused loss of life and damage in various parts of the country, and also appealed to Haitians to unify as they ″confront this dramatic situation in which we’re living right now.” He declared a one-month state of emergency for the whole country. At a press conference, he said he would not ask for international help until the extent of the damages is known. People pressure police to hand over two men who were arrested and the bodies of two men who were brought in by police after they were killed by police, in order to burn them in retaliation for the assassination of Haitian President Jovenel Moïse. | Joseph Odelyn/AP Photo Videos posted to social media showed collapsed buildings near the epicenter and people running into the streets. People...
Bitcoin holds $46K support after failed breakout, Cardano price passes $2.20
Bitcoin (BTC) bounced at $46,000 support on Aug. 14 after an attempt to crack major resistance ended in rejection. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Bitcoin rejects at $48,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to tackle a giant sell wall during Saturday, only to reverse downwards to Friday’s levels. As Cointelegraph reported, the area of seller pressure from $47,000 and upwards had been a formidable feature on the daily chart throughout the week, with Bitcoin taking several days to prepare its attack. In the event, the wall was only partially broken before momentum ran out and BTC/USD returning to more familiar territory. At the time of writing, BTC price action focused around $46,500, a classic “Bart Simpson̶...
Vietnam leads crypto adoption in Finder’s 27-country survey
Emerging economies like Vietnam, India and Indonesia are leading the charge when it comes to cryptocurrency adoption, underscoring important use cases for digital assets tied to remittances and financial inclusion. Finder’s survey of 42,000 people across 27 countries revealed that Vietnam had the highest adoption rate, with 41% of respondents claiming they had purchased cryptocurrency. Twenty percent of Vietnamese said they had purchased Bitcoin (BTC), which was the highest among all countries polled. Although Vietnam’s strong outperformance may appear surprising at the surface, Finder’s survey corroborated other data showing that the southeast Asian country is punching above its weight when it comes to crypto adoption. As Cointelegraph reported in June, Vietnam ranked 13th in realiz...
Wealth managers gain exposure to Bitcoin via Grayscale, according to new SEC filings
New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets. As first reported by MacroScope, a Twitter feed devoted to institutional trading and asset management, the firms disclosed their GBTC holdings in new filings for the period ending June 30, 2021. Clear Perspective Advisors, an Illinois-based wealth manager, revealed direct ownership of 7,790 GBTC shares on Friday. In an SEC filing today, Clear Perspective Advisors, a wealth management firm in Aurora, Illinois, reported owning 7,790 shares of Grayscale Bitcoin as of June 30. Filing:https://t.co/PT21czzjvO pic.twitter.com/WZ7RYk1RBp —...
Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14
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 Infrastructure bill passes US Senate — without clarification on crypto On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote. The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers, who will be required to report digital asset transactions worth more than $10,000 to the IRS.&nbs...
