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Access real-time blockchain and cryptocurrency news updates from around the globe.
6 Questions for Kim Hamilton Duffy of Centre
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!
This week, our 6 Questions go to Kim Hamilton Duffy, director of identity and standards at Centre Consortium — an open-source technology project designed to create a more inclusive global economy.
Kim is a leader in the emerging decentralized identity field and has architected successful open-source projects such as Verite, Blockcerts and the Digital Credential Consortium toolkit.
1 — Which countries are doing the most to support blockchain, and which ones will be left behind?
Rather than assessing this through the narrow lens of whether certain crypto transactions are taxed, I think about whether countries are supporting innovation in blockchain — and, more broadly, decentralized architectures — in a collaborative, responsible, sustainable way that can benefit individuals and businesses.
Bitcoin due 'one of greatest bull markets' as July gains circle 20%
The future for Bitcoin price action may be much more bullish than the short-term charts, says Bloomberg Intelligence's Mike McGlone.
Bitcoin due 'one of greatest bull markets' as July gains circle 20%
Bitcoin (BTC) spoofed a breakout to fresh six-week highs into July 31 as a showdown for both the weekly and monthly close drew near.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Bart Simpson" greets traders into BTC monthly close
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD canceling out all its gains from early in the weekend, dropping from $24,670 to $23,555 in hours.
The resulting chart structure was all too familiar to long-term market participants, creating a "Bart Simpson" shape on hourly timeframes.
Liquidations nonetheless remained manageable, with the cross-crypto tally totaling $150 million in the 24 hours to the time of writing according to data from analytics resource Coinglass — less than on previous days.
Crypto liquidations chart. Source: CoinglassFor popular trader and analyst Rekt Capital, there was now reason to believe that the coming weekly candle close would confirm that Bitcoin had reestablished a key trendline as support after weeks of failure.
Hong Kong university to inaugurate mixed reality classroom in Metaverse
By building MetaHKUST, the institution plans to create a learning environment that virtually connects the two campuses — in Hong Kong and Guangzhou.
Ticketmaster scouts productization of enterprise NFTs beyond ticketing
Ticketmaster’s job posting for a product manager of NFT ticketing tooling reveals the company’s intent to roll out NFT-based enterprise products “across all content categories including sports and music.”
Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
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
‘Bullish rate hike’ — Why crypto spiked in the face of bad news
Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum Economics founder and CEO Mati Greenspan jokingly called it a “bullish rate hike” and stated that investors were clearly expecting far worse. Analysts such as Swyftx’s Pav Hundal suggested the recent rally may be due to an easing of inflationary pressures around gas and goods such as corn and wheat.
Ethereum dev confirms Goerli merger date, the final update before the Merge
On Thursday, lead Ethereum developer Tim Beiko revealed that the final Goerli testnet merger ahead of Ethereum’s long-awaited Merge and switch to proof-of-stake will occur between Aug. 6-12. In what has been a long and much-delayed roadmap since late 2020, the Ethereum network is now in the final stages of completing its largest upgrade to date. The official Merge is slated for Sept. 19 but could be subject to further delays if there are issues with the Goerli testnet.
Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
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
‘Bullish rate hike’ — Why crypto spiked in the face of bad news
Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum Economics founder and CEO Mati Greenspan jokingly called it a “bullish rate hike” and stated that investors were clearly expecting far worse. Analysts such as Swyftx’s Pav Hundal suggested the recent rally may be due to an easing of inflationary pressures around gas and goods such as corn and wheat.
Ethereum dev confirms Goerli merger date, the final update before the Merge
On Thursday, lead Ethereum developer Tim Beiko revealed that the final Goerli testnet merger ahead of Ethereum’s long-awaited Merge and switch to proof-of-stake will occur between Aug. 6-12. In what has been a long and much-delayed roadmap since late 2020, the Ethereum network is now in the final stages of completing its largest upgrade to date. The official Merge is slated for Sept. 19 but could be subject to further delays if there are issues with the Goerli testnet.
Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
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
‘Bullish rate hike’ — Why crypto spiked in the face of bad news
Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum Economics founder and CEO Mati Greenspan jokingly called it a “bullish rate hike” and stated that investors were clearly expecting far worse. Analysts such as Swyftx’s Pav Hundal suggested the recent rally may be due to an easing of inflationary pressures around gas and goods such as corn and wheat.
Ethereum dev confirms Goerli merger date, the final update before the Merge
On Thursday, lead Ethereum developer Tim Beiko revealed that the final Goerli testnet merger ahead of Ethereum’s long-awaited Merge and switch to proof-of-stake will occur between Aug. 6-12. In what has been a long and much-delayed roadmap since late 2020, the Ethereum network is now in the final stages of completing its largest upgrade to date. The official Merge is slated for Sept. 19 but could be subject to further delays if there are issues with the Goerli testnet.
Can blockchain be used without cryptocurrency?
Blockchain technology supports cryptocurrencies but can also be used for supply chain tracking, identity management systems, healthcare and more.
Historically accurate Bitcoin metric exits buy zone in 'unprecedented' 2022 bear market
Bitcoin has historically profited from Puell Multiple lift-offs, but unique macro conditions mean what happens next is uncertain.
Historically accurate Bitcoin metric exits buy zone in 'unprecedented' 2022 bear market
Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.
As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past.
Puell Multiple attempts to cement breakout
The Puell Multiple one of the best-known on-chain Bitcoin metrics. It measures the value of mined bitcoins on a given day compared to the value of those mined in the past 365 days.
The resulting multiple is used to determine whether a day's mined coins is particularly high or low relative to the year's average. From that, miner profitability can be inferred, along with more general conclusions about how overbought or oversold the market is.
After hitting levels which traditionally accompany macro price bottoms, the Puell Multiple is now aiming higher — something traditionally seen at the start of macro price uptrends.
Bitcoin price eyes $24K July close as sentiment exits 'fear' zone
The relatively good times could continue next month, one prediction says after July manages to reverse the worst of the 2022 crypto downturn.
Bitcoin price eyes $24K July close as sentiment exits 'fear' zone
Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average in focus for July close
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30.
The pair had benefitted from macro tailwinds across risk assets in the second half of the week, these including a flush finish for United States equities. The S&P 500 and Nasdaq Composite Index gained 4.1% and 4.6% over the week, respectively.
With off-speak trading apt to spark volatile conditions into weekly and monthly closes thanks to thinner liquidity, however, analysts warned that anything could happen between now and July 31.
“Just gonna sit back and watch the market up until the weekly close like always,” Josh Rager summarized.
