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Access real-time blockchain and cryptocurrency news updates from around the globe.
Bitcoin HODL Waves: 2020 bull market buyers now control 16% of supply
Bitcoin (BTC) has gained a new generation of hodlers in the past three years as stubborn investors refuse to sell.
Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins.
BTC price should go “way higher” for hodlers to sell
Bitcoin’s longer-term investor cohorts, also known as long-term holders (LTHs), are in no mood to decrease their exposure despite the 2023 bull run.
HODL Waves, which groups the BTC supply by the time elapsing since each coin last moved, shows a particular age band growing considerably over the past year.
Since the bear market bottomed in late 2022, unmoved coins in two to three years have increased their presence within the overall supply considerably. Last December, the group accounted for around 8% of the supply; now, its share is more than 15%.
Crypto is for criminals? JPMorgan has been fined $39B and has its own token
Crypto proponents on X wasted no time pointing out the hypocrisy of JPMorgan CEO Jamie Dimon’s recent remarks about Bitcoin and crypto to the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
House Committee passes bill to ‘preserve U.S. leadership’ in blockchain
The pro-crypto bill is one of many before Congress that aims to promote the country’s deployment and use of blockchain technology.
UAE researchers launch blockchain carbon trading platform at COP28
The institute said it adopted a lightweight, efficient blockchain not intended to be computationally wasteful, where trading can be facilitated at little to no cost.
VC Roundup: Investors pick games, collectibles and creator economy
Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic and Intract are among the latest startups to secure venture capital funding.
Game studios quietly integrate blockchain without the buzzword
Blockchain technology is facing backlash from players and gaming developers, forcing some studios to avoid “buzzwords” tied with Web3.
Lawmakers’ fear and doubt drives proposed crypto regulations in US
If the Digital Asset Anti-Money Laundering Act were to become law, many cryptocurrency providers would have to learn how to comply with the same regulations as traditional financial institutions.
Lawmakers’ fear and doubt drives proposed crypto regulations in US
Real bipartisan legislative efforts are rare in Washington, DC, these days, but Democratic Senators Elizabeth Warren and Joe Manchin and Republican Senators Lindsey Graham and Roger Marshall have managed to come together to co-sponsor a bill focused on crypto crime.
According to the senators, the Digital Asset Anti-Money Laundering Act of 2023 aims to close loopholes in the nation’s Anti-Money Laundering rules. The bill would amend the Bank Secrecy Act and would designate a diverse range of digital asset providers as financial institutions.
The Bank Secrecy Act establishes program, recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. Digital asset providers would be required to adhere to many of the same regulations as traditional banks.
Warren introduced the legislation to the United States Senate on July 27, 2023, on behalf of herself and Senators Joe Manchin, Roger Marshall and Lindsey Graham. The bill was then referred to the Senate Committee on Banking, Housing and Urban Affairs. It hasn’t been voted on by the entire Senate or sent to the U.S. House of Representatives for consideration. Nor has President Biden signed it, and it is not a matter of law at this time.
The legislation would add several types of cryptocurrency providers to U.S. regulators’ list of financial institutions. These include unhosted wallet providers, digital asset miners and validators or other nodes that validate third-party transactions, miner extractable value searchers, other validators or network participants with control over network protocols, or just about anyone else who facilitates or provides services related to exchange, sale, custody or lending of digital assets.
Bitcoin halving, BTC ETF hype driving price up into 2024 — NBX Berlin
Several macro events are contributing to increased interest in Bitcoin, its price and a knock-on effect on the wider markets.
IEEE to issue blockchain skill certificates on Avalanche in India
Avalanche was selected as the primary settlement layer for IEEE’s certificate issuance because of the need for an ecosystem compatible with the Ethereum Virtual Machine.
Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K
Bitcoin (BTC) has gained almost 170% since the European Central Bank (ECB) warned of its impending “irrelevance.”
As noted by crypto proponent Eric Wall and others on Dec. 4, BTC price action has done the complete opposite of economists’ predictions.
ECB Bitcoin myopia: “What else are they wrong about?”
Bitcoin traded at just $16,400 when, on Nov. 30, 2022, the ECB published a blog post dedicated to its death.
Coming just after the implosion of the FTX exchange and subsequent market flight, the post argued that even those levels were a stopping point on the way to new lows.
“The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000,” it stated.
Web3 gaming trends in 2024: Execs weigh in on blockchain gaming future
Wemade CEO Henry Chang said that as more developers gain confidence, there will be greater experimentation and more complex use of blockchain elements in games.
Michael Jackson’s first-ever studio demo to be released on blockchain
Over five decades after Michael Jackson recorded a demo version of the song “Big Boy,” it’s set to be released globally on the blockchain as digital vinyl through the blockchain music platform Anotherblock.
France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s customer base for trading use.
Bitcoin Ordinals ORDI token tops $1B market cap after 850% monthly gain
Following an outsized rally, ORDI became the first BRC-20 token to breach a $1 billion market capitalization.
Debt Box urges judge to toss suit, says SEC got case ‘badly wrong’
The SEC initially misled a court to freeze Debt Box’s assets, which has since been reversed, with the firm citing the incident as grounds to dismiss the suit.
Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?
The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization.
Despite the recent bullish momentum, analysts have observed that retail demand remains relatively stagnant. Some attribute this to the ripple effects of an inflationary environment and decreased interest in credit, given that interest rates continue to hover above 5.25%. While analyst Rajat Soni’s post may have dramatized the situation, the underlying, in essence, holds true.
Numerous United States economic indicators have surged to record highs, including wages, salaries and household net worth. However, analyst Ed Yardeni suggested that the “Santa Claus rally” might have already occurred earlier this year, with the S&P 500 gaining 8.9% in November.
This rise reflected diminishing inflationary pressures and robust employment data. Yet, investors remain cautious, with approximately $6 trillion in “dry powder” parked in money market funds, waiting on the sidelines.
With no dependable indicator to track retail participation in cryptocurrencies, a comprehensive data set is necessary for making conclusions, beyond relying solely on Google Trends and crypto-related app download rankings. To determine if retail traders have missed out on the rally, it’s essential that the indicators align across various sources.
IBM unveils new air-gapped cold storage solution for digital assets
The new system works a lot like a time delay safe for digital assets with a policy engine to broker communications.
Bitcoin bulls charge to $44K as week-to-date BTC price gains pass 10%
Bitcoin (BTC) clipped $44,000 later on Dec. 5 as the Wall Street trading session delivered more snap BTC price gains.
BTC/USD 1-hour chart. Source: TradingViewBitcoin applies more pressure to bears
Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on Bitstamp.
Taking week-to-date gains to 10%, this marked its highest levels since early April 2022 and represented a key challenge to significant resistance.
As noted by popular trader and analyst Rekt Capital, $44,000 constitutes the high point of a range that has occurred several times since early 2021.
“Bitcoin has successfully revisited the Range High resistance at ~$43900,” he continued in subsequent commentary on X (formerly Twitter).
