Bitcoin ordinals have been the most hyped-up Web3 trend of 2023 so far. How do ordinals compare to traditional NFTs, and what are the opportunities?
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What are Bitcoin ordinals?
Bitcoin ordinals have been the most hyped-up Web3 trend of 2023 so far. How do ordinals compare to traditional NFTs, and what are the opportunities?
Silvergate downfall sparks debate over whose fault it actually was
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
The Biden administration wants to apply the wash sale rule to digital assets.
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021.
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021.
Marathon Digital terminates credit facilities with Silvergate Bank
The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity.
FCA officials tell UK parliamentary committee crypto regulation is unavoidable
The CEO and chairman of the UK’s financial regulator took a grim tone as they discussed crypto regulation, but conceded that they’re the ones who have to do it.
Gemini's banking relationship with JPMorgan 'remains intact'
In a brief and straightforward message, crypto exchange Gemini denied reports and said its banking relationship with JPMorgan remains intact.
Breaking barriers: Meet 7 women shaping the future of crypto and Web3
Cointelegraph spoke with women from different backgrounds, projects, countries, and generations about career, diversity, and their journeys in crypto.
Breaking barriers: Meet 7 women shaping the future of crypto and Web3
Cointelegraph spoke with women from different backgrounds, projects, countries, and generations about career, diversity, and their journeys in crypto.
Crypto bill draft will be released in April, says Senator Gillibrand
The Lummis-Gillibrand bill is expected to offer regulatory clarity for many crypto projects and determine whether they fall under the purview of the SEC or CFTC.
Bitcoin NFT auction nets $16.5M in 24 hours: Nifty Newsletter, March 1–7
An NFT generator powered by artificial intelligence was recently launched by crypto exchange Binance, with 10,000 mints in 2.5 hours.
Price analysis 3/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70% from 30% a week earlier, FedWatch Tool data suggests.
The U.S. dollar shot up and the S&P 500 plunged after Powell’s comments on March 7 but a minor positive in favor of the cryptocurrency investors is that Bitcoin (BTC) stayed relatively calm. The next trigger that could influence the markets is the February Jobs report to be released on March 10.
Daily cryptocurrency market performance. Source: Coin360Although the macroeconomic environment is not favorable for risky assets, Bitcoin has shown relative resilience. This suggests that Bitcoin investors are not panicking and dumping their positions due to the short-term uncertainty.
Will Bitcoin and the major altcoins continue lower or is a rebound around the corner? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
The bulls are finding it difficult to push Bitcoin back above the breakdown level of $22,800. This suggests a lack of aggressive buying at current levels. That could pull the price down to the crucial support of $21,480. This is the make-or-break level in the near term.
Price analysis 3/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.
Women in Web3 discuss challenges within the industry
Challenges women face within the industry include the lack of representation and toxic "bro-culture."
Bitcoin bulls’ desire for a trend reversal could be obliterated by this week’s $565M options expiry
Significant headwinds continue to batter BTC price, and this week's options expiry is unlikely to provide any relief.
Bitcoin bulls’ desire for a trend reversal could be obliterated by this week’s $565M options expiry
Bitcoin’s price (BTC) fell below a four-day narrow trading range near $22,400 on March 7 following comments by U.S. Federal Reserve Chair Jerome Powell as he sat before a Senate banking committee. During the congressional appearance, the Fed chairman warned that the bank is prepared to tame inflation by pushing for more significant interest rate increases.
Fed Chair Powell added that "the ultimate level of interest rates is likely to be higher than previously anticipated," and that recent economic data was "stronger than expected." These remarks significantly increased investors' expectations of a 50 basis point interest rate hike on March 22, putting pressure on risk assets such as stocks, commodities, and Bitcoin.
That movement could explain why the $565 million Bitcoin weekly options expiry on March 10 will almost certainly favor bears. Nonetheless, additional negative crypto market events might have also played a significant role.
Bitcoin from the Silk Road and Mt. Gox are on the move
The movement of multiple wallets linked to U.S. law enforcement seizures on March 8 added to the price pressure on Bitcoin investors. Over 50,000 Bitcoin worth $1.1 billion were transferred, according to data shared by on-chain analytics firm PeckShield.
Furthermore, 9,860 BTC were sent to Coinbase, raising concerns about the coins being sold on the open market. These wallets are directly linked to the former Silk Road darknet marketplace and were seized by law enforcement in November 2021.