0x Labs developer advocate believes the current crypto winter provides a chance for "rationalization" and "validates" underlying blockchain systems.
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South Korean authorities raid 15 entities linked to Terra collapse: Report
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday.
How to control stress and depression in a crypto winter?
Avoid considering digital currencies as your principal source of income to safeguard your mental health throughout this crypto winter.
How to control stress and depression in a crypto winter?
Avoid considering digital currencies as your principal source of income to safeguard your mental health throughout this crypto winter.
How to control stress and depression in a crypto winter?
Avoid considering digital currencies as your principal source of income to safeguard your mental health throughout this crypto winter.
Bitcoin may hit $120K in 2023, says trader as BTC price gains 25% in a week
Optimism is flowing around Bitcoin price potential, but warnings also point to intense correlation with stocks.
Bitcoin may hit $120K in 2023, says trader as BTC price gains 25% in a week
Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price rally "all macro driven"
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing its latest milestone after a brief consolidation.
Twenty-four-hour gains for the pair remained at nearly 8% and weekly returns near 25% as Bitcoin and altcoins benefitted from a declining U.S. dollar and rising stock markets.
Bitcoin's rise had seen bulls reclaim key trendlines lost in June, but the jury remained out on whether the newfound strength could endure beyond the current weekly candle.
"Bitcoin rally looking good? Yes. But BTC shall take no pride in this rally," analyst Venturefounder commented.
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin
Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged.
Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly realized that the technology would be crucial to ensure the continuation of privacy and democracy in the digital age. More recently, he founded xx Network, a privacy-focused blockchain whose connected xx Messenger Chaum hopes will withstand attacks even by quantum computers of the future.
“The National Security Agency was taking the position that cryptography was born classified, even if you created it yourself — like nuclear weapons technology,” Chaum recalls. He was told around 1980 that conferences on the subject would naturally not be allowed and that “people who organize them would be prosecuted.”
Cryptography, encryption, cypherpunks, xx Network, xx Messenger, xx Coin, privacy, quantum computing, Ecash, DigiCash, democracy, Hannu Nurmi — “I was risking spending the rest of my life in jail,” he says.
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin
Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged.
Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly realized that the technology would be crucial to ensure the continuation of privacy and democracy in the digital age. More recently, he founded xx Network, a privacy-focused blockchain whose connected xx Messenger Chaum hopes will withstand attacks even by quantum computers of the future.
“The National Security Agency was taking the position that cryptography was born classified, even if you created it yourself — like nuclear weapons technology,” Chaum recalls. He was told around 1980 that conferences on the subject would naturally not be allowed and that “people who organize them would be prosecuted.”
Cryptography, encryption, cypherpunks, xx Network, xx Messenger, xx Coin, privacy, quantum computing, Ecash, DigiCash, democracy, Hannu Nurmi — “I was risking spending the rest of my life in jail,” he says.
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin
Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged.
Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly realized that the technology would be crucial to ensure the continuation of privacy and democracy in the digital age. More recently, he founded xx Network, a privacy-focused blockchain whose connected xx Messenger Chaum hopes will withstand attacks even by quantum computers of the future.
“The National Security Agency was taking the position that cryptography was born classified, even if you created it yourself — like nuclear weapons technology,” Chaum recalls. He was told around 1980 that conferences on the subject would naturally not be allowed and that “people who organize them would be prosecuted.”
Cryptography, encryption, cypherpunks, xx Network, xx Messenger, xx Coin, privacy, quantum computing, Ecash, DigiCash, democracy, Hannu Nurmi — “I was risking spending the rest of my life in jail,” he says.
Demand for widely used euro stablecoin is huge, says DeFi expert
The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.
Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, the U.S.-based company Circle announced that it will launch its own euro stablecoin, Euro Coin (EUROC), on the Ethereum blockchain. With a euro-based stablecoin, uncomplicated euro transfers will be possible worldwide in the future, as is currently the case with the U.S. dollar.
Instead of the eurozone-based business, Circle has opted to issue the planned euro stablecoin via the U.S. bank Silvergate. But, is it permissible for a digital coin tied to the euro to be issued outside the eurozone? How will European regulators react? Can Circle simply ignore the upcoming Markets in Crypto-Assets Regulation (MiCA) and operate the stablecoin from outside the European Union? And, why is there still no major euro stablecoin?
Cointelegraph auf Deutsch asked these questions to Patrick Hansen. The former head of blockchain at the German digital association Bitkom was, until recently, head of strategy and business development at wallet provider Unstoppable Finance. Now Hansen advises companies such as Presight Capital and the Blockchain Founders Group and has a hotline to the European Parliament.
Euro stablecoin issued outside the EU
The European Central Bank (ECB) is keeping its options open on whether and when to launch a digital euro. However, it’s still not really clear to Patrick Hansen what exactly the ECB wants to achieve with a central bank-issued digital euro. “Whether it is to become a kind of digital cash or rather a new payment option. That’s why it's so difficult to evaluate the project,” he said.
Demand for widely used euro stablecoin is huge, says DeFi expert
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone?
NFT and Islamic education: A new frontier to teach religion?
In terms of whether NFTs are halaal or haram, Islam is usually taught with the intention of fitting into the world's ever-changing demands, said Shukla.
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
Solana price enters correction territory after 80% monthly gains
Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.
SOL price eyes 50% wipeout
SOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."
A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a higher distribution sentiment among SOL traders near the level. Therefore, the latest pullback from the same range could lead to an extended downside retracement.
SOL/USD daily price chart. Source: TradingViewMeanwhile, the bear flag's lower trendline has been capping SOL's sharp pullback moves. As a result, SOL's extended correction scenario could have its price hit the support level, now near $35.40 — a 20% drop from current price levels.
Additionally, a decisive close below the lower trendline would risk triggering the bear flag breakdown setup, wherein the price falls by as much as the height of the downtrend (called "flagpole") that preceded the flag's formation.
Solana price enters correction territory after 80% monthly gains
Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.
SOL price eyes 50% wipeout
SOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."
A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a higher distribution sentiment among SOL traders near the level. Therefore, the latest pullback from the same range could lead to an extended downside retracement.
SOL/USD daily price chart. Source: TradingViewMeanwhile, the bear flag's lower trendline has been capping SOL's sharp pullback moves. As a result, SOL's extended correction scenario could have its price hit the support level, now near $35.40 — a 20% drop from current price levels.
Additionally, a decisive close below the lower trendline would risk triggering the bear flag breakdown setup, wherein the price falls by as much as the height of the downtrend (called "flagpole") that preceded the flag's formation.