Bitcoin (BTC) held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Dollar dives 2% as risk assets recover Data from Cointelegraph Markets Pro and TradingView showed BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high. The pair had benefited from the latest United States economic data, while the dollar conversely suffered. The U.S. dollar index (DXY) lost 2% in a day for the first time in years, helping fuel a risk asset rally. U.S. dollar index (DXY) 1-day candle chart. Source: TradingView “And, just like that, Bitcoin took out all the highs, volume is increasing and it’s back above $21K,” Michaël van de Poppe, CEO and founder of trading firm Eig...
Solana (SOL) has been in a steady downtrend for the past 3 months, but some traders believe that it may have bottomed at $26.80 on Oct. 21. Lately, there’s been a lot of speculation on the causes for the underperformance and some analysts are pointing to competition from Aptos Network. Solana price at FTX, USD. Source: TradingView The Aptos blockchain launched on Oct. 17 and it claims to handle three times more transactions per second than Solana. Yet, after four years of development and millions of dollars in funding, the debut of the layer-1 smart contract solution was rather unimpressive. It is essential to highlight that Solana presently holds an $11.5 billion market capitalization at the $32 nominal price level, ranking it as the seventh largest cryptocurrency when excluding sta...
Humanode is a project that gracefully combines different technological stacks including blockchain and biometrics. Humanode tech encompasses a bunch of layers such as a blockchain layer represented by a Substrate module: a biometric authorization module based on cryptographically secure neural networks for the private classification of three-dimensional (3D) templates of users’ faces, a private liveness detection mechanism for identifying real human beings, a Vortex decentralized autonomous organization (DAO) and a monetary algorithm named Fath, where monetary supply reacts to real value growth and emission is proportional. Let’s look at them in more detail. Substrate framework Humanode is a layer-1 blockchain whose architecture lies on the Substrate open-sour...
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 JPMorgan executes first DeFi trade on public blockchain A cross-border currency swap was carried out on a public blockchain by JPMorgan as part of a pilot program involving the Monetary Authority of Singapore’s (MAS) Project Guardian, SBI Digital Asset Holdings, Oliver Wyman Forum and DBS Bank. The Polygon blockchain hosted the swap between tokenized deposits of the Japanese yen and the Singapore dollar, helped by smart contract technology from Aave. UnionBank of the Philippines launches Bitcoin and Ethereum t...
Few doubt the potential that DeFi has to redefine crucial aspects of finance for all. But, as it stands, using DeFi platforms and protocols is often time consuming and anything but easy. One of the biggest draws of DeFi are the yields users can earn on farming and staking protocols. However, the yields on offer are constantly changing, meaning crypto enthusiasts need to stay locked to their screens to ensure they aren’t missing out. Given the 24-hour nature of this fast-moving industry, keeping on top of things is often easier said than done. Some protocols are also pretty difficult to use, requiring users to monitor a plethora of different pools. And even when you find the best returns that the market has to offer, the process of manual compounding can be quite tedious. In search of...
The year 2022 in crypto was eventful in many ways. However, the negative impacts of a bear market dampened the excitement around the blockchain upgrades that significantly brought crypto ecosystems closer to the future of finance. For Bitcoin, it was the Taproot soft fork upgrade, which was aimed at improving the scripting capabilities and privacy of the Bitcoin network. Ethereum underwent the Merge upgrade to transition from a proof-of-work to a proof-of-stake (PoS) consensus mechanism. Leading decentralized Ethereum scaling platform Polygon kicked off the year with mainnet upgrades based on Ethereum Improvement Proposal (EIP)-1559, otherwise known as the London hard fork. The upgrade was accompanied by Polygon (MATIC) token burning and better fee visibility. On Jan. 25, Ryan Wyatt joined...
Cryptocurrency trading is a complex skill requiring extensive knowledge of fundamental and technical analysis and the cryptocurrency ecosystem as a whole. As most traders lack the capability to develop a winning trading strategy, they struggle to learn a multitude of skills needed to be a successful investor (who knows how to swim through the steep tides of the waters). Do amateur traders have no hope, then? Are they left to fend for themselves, speculating about the prices and taking to stride the sharp ups and downs of the cryptocurrency industry? Thankfully, there are tools that help such traders explore the potential of the cryptocurrency industry, simplifying over-complex cryptocurrency trading by following expert traders. This article discusses what cryptocurrency copy trading is, ho...
This is the inconvenient truth: Governments are undermining the Paris climate agreement just seven years after they signed it. And nearly all the large companies that announced pledges to bring their net carbon emissions down to zero have failed to produce plans matching their words. Dozens of national leaders are scheduled to come to the desert resort town for the conference, which runs through Nov. 18. Among them is President Joe Biden, who the White House has said will attend next Friday to “highlight the need for the world to act in this decisive decade.” On the other hand, Chinese President Xi Jinping, whose country ranks No. 1 among current greenhouse gas polluters, plans to skip the summit. Those leaders who do attend can expect their green promises to meet a lot of skepticism. Arou...
China should contribute its own funds to the cause, U.S. Special Envoy John Kerry told reporters late last month, “especially if they think they’re going to continue to go on to the next 30 years with increasing their emissions.” John Kerry, special presidential envoy for climate, speaks during a briefing at the State Department on Nov. 2, 2022. | Susan Walsh/AP Photo The issue, referred to as “loss and damage” in the parlance of the global talks, calls for the U.S. and Europe’s industrialized nations to send funding to less-developed countries that have suffered from floods, heatwaves, droughts, rising seas and other disasters worsened by the changing climate. Those nations have contributed little to the crisis — in contrast to the United States, which during the past two centuries has pu...
Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz Truss after just 44 days in office. Currently, at least 10 emerging economies are hyperinflationary, with more expected to follow. And the Federal Open Market Committee (FOMC), the part of the U.S. Federal Reserve responsible for keeping prices stable, just announced higher interest rate hikes in the midst of a return to positive gross domestic product — signaling continuing inflation troubles ahead. The worldwide struggle to reduce inflation is tangible evidence that yesterday’s central bank tools are inad...