The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
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Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1
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
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
Edward Snowden has reportedly received Russian citizenship via a decision from the country’s president, Vladimir Putin. Snowden has been a permanent resident in Russia since 2013 after he exposed secrets relating to the United States National Security Agency. However, Snowden favors less government involvement than Putin’s approach to leadership. Snowden has offered comment on crypto multiple times and helped build crypto asset Zcash.
Breaking: Interpol ‘Red Notice’ issued for Do Kwon — South Korea prosecutors
Global criminal police organization Interpol has put out an alert known as a Red Notice in order to help locate and arrest Terraform Labs co-founder Do Kwon, wherever he may be. Terra’s ecosystem fell apart earlier in 2022. Charges were brought against Kwon in South Korea for his involvement in the Terra project. Kwon has tweeted that he is not hiding. He was thought to be in Singapore, although Reuters reporting has indicated a possible change in location. Authorities in South Korea have also taken steps to freeze funds reportedly associated with Kwon.
Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1
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
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
Edward Snowden has reportedly received Russian citizenship via a decision from the country’s president, Vladimir Putin. Snowden has been a permanent resident in Russia since 2013 after he exposed secrets relating to the United States National Security Agency. However, Snowden favors less government involvement than Putin’s approach to leadership. Snowden has offered comment on crypto multiple times and helped build crypto asset Zcash.
Breaking: Interpol ‘Red Notice’ issued for Do Kwon — South Korea prosecutors
Global criminal police organization Interpol has put out an alert known as a Red Notice in order to help locate and arrest Terraform Labs co-founder Do Kwon, wherever he may be. Terra’s ecosystem fell apart earlier in 2022. Charges were brought against Kwon in South Korea for his involvement in the Terra project. Kwon has tweeted that he is not hiding. He was thought to be in Singapore, although Reuters reporting has indicated a possible change in location. Authorities in South Korea have also taken steps to freeze funds reportedly associated with Kwon.
Read also
Features
Space invaders: Launching crypto into orbit
NFT space bridges passions for tennis legend Maria Sharapova
Maria Sharapova sat down with Cointelegraph at Binance Blockchain Week Paris to discuss her growing interest in NFTs and passion for bringing more women into Web3.
What is wrapped Ethereum (wETH) and how does it work?
wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets.
What is the economic impact of cryptocurrencies?
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession.
What is wrapped Ethereum (wETH) and how does it work?
wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets.
Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd.
Net Bitcoin ATMs growth drops globally for the first time ever
Data on net changes of crypto ATM installations confirm that, in September, 796 crypto ATMs were pulled off from the global network.
US senator bill seeks to cushion crypto exchanges from SEC enforcement actions
The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws.
So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention
For bulls, Bitcoin’s (BTC) daily price action leaves a lot to be desired, and at the moment, there are few signs of an imminent turnaround.
Following the trend of the past six or more months, the current factors continue to place pressure on BTC price:
Persistent concerns of potential stringent crypto regulation.United States Federal Reserve policy, interest rate hikes and quantitative tightening.Geopolitical concerns related to Russia, Ukraine and the weaponization of high-demand natural resources imported by the European Union.Strong risk-off sentiment due to the possibility of a U.S. and global recession.When combined, these challenges have made high volatility assets less than interesting to institutional investors, and the euphoria seen during the 2021 bull market has largely dissipated.
So, day-to-day price action is not encouraging, but looking at longer duration metrics that gauge Bitcoin’s price, investor sentiment and perceptions of valuation do present some interesting data points.
The market still flirts with oversold conditions
On the daily and weekly timeframe, BTC’s price is pressing against a long-term descending trendline. At the same time, the Bollinger Bands, a simple momentum indicator that reflects two standard deviations above and below a simple moving average, are beginning to constrict.
So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention
Tune out the noise and focus on the signal. 5 important BTC price indicators are in multi-year “buy zones.”
CFTC takes legal action against Digitex futures exchange and CEO
Many in the space have criticized regulators including the CFTC and SEC for taking a “regulation by enforcement” approach to crypto in the United States.
What is regenerative finance (ReFi) and how can it impact NFTs and Web3?
On Sept. 30, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.
As a "mission-driven movement," Mutmainnah explains that ReFi enables users to redefine their relationship with the current financial system and their relationship with finance and wealth.
Currently, in many countries, millions of people lack basic, equitable access to the financial services that would allow them to meet their daily needs.
What if there were newer models that could sustainably alleviate this? According to Mutmainnah, ReFi can redefine what money means and how it's used.
What is the impact of ReFi?
Mutmainnah emphasized that ReFi brings awareness to how the present financial systems operate in an "extractive" and "exploitative" manner. She also drew a comparison to fast fashion by explaining that what enables a user to purchase a shirt for $5 comes at the expense of a child laborer.
What is regenerative finance (ReFi) and how can it impact NFTs and Web3?
NFT Steez chats with Celo ecosystem lead Mashiat Mutmainnah about the promise of ReFi and its capacity to promote environmental and social good.
Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses
Those who bought BTC between six and eighteen months ago are losing out big, says research, but now there is even more reason to buy their supply.
Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses
Bitcoin's (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals.
In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers.
2021 bull market coins "have been sold aggressively"
As BTC/USD lingers near levels barely seen since 2020, it is not just miners feeling the pinch.
Analyzing Bitcoin’s Exchange Inflow Spent Output Ages Bands (SOAB), CryptoQuant contributor Edris showed that those who bought between April 2021 and April 2022 have been selling coins en masse — for less than they bought them.
“Looking at the chart, it is evident that coins aged between 6–18 months ago have been sold aggressively recently,” he concluded.
