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UK financial markets bill authorizes regulation of stablecoins, service providers

Crypto regulation came through as expected in the Financial Services and Markets Bill in spite of changes in government personnel and the collapse of the crypto market.

CryptoPunk sells for $2.6M: Nifty Newsletter, July 13–19

A consulting firm predicted that the NFT market could be worth $231 billion in 2030, noting that the market will grow at a rate of over 33.7% in the years to come.

Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels.

Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

Cryptocurrency investors continue to enjoy this week's bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets

Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new round of bullish proclamations on Crypto Twitter.

BTC/USDT 1-day chart. Source: TradingView

While the week-long climb has helped boost investor sentiment, several analysts are warning traders to not get too far ahead of themselves because the market is still providing some red flags worth taking note of.

Prepare for an inevitable pullback

Bitcoin’s climb above $24,000 officially confirmed a breakout from the previous trading range between $18,000 and $22,500, according to market analyst Caleb Franzen, who posted the following chart noting the question the market now faces. 

BTC/USD 1-day chart. Source: Twitter

Franzen said,

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Lido co-founder discusses the future of Ethereum at EthCC

For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems.

Lido co-founder discusses the future of Ethereum at EthCC

For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems.

ETH CC: Crypto winter “reinforces” validity of blockchain, says 0x Labs employee

0x Labs developer advocate believes the current crypto winter provides a chance for "rationalization" and "validates" underlying blockchain systems.

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: TradingView

BTC 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.

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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.

 

ecash

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.

 

ecash

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.

 

ecash
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