One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools. For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic…

A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility. Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWeekend produces brief…

While many community members came in support of the prominent coder, Gabagool owned up to the allegations made against him following Velodrome’s investigation. Velodrome Finance, a trading and liquidity marketplace, announced the recovery of $350,000 stolen on Aug. 4. However, the occasion turned bittersweet when internal investigations pointed out the…

BlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe. BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million…

Coming every Saturday, Hodlers 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 Elon Musk: US past peak inflation after Tesla…

Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022. Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins.ETH/BTC 1-day candle chart (Binance). Source: TradingViewAltcoin market…

Solana is tailing broader crypto market trends while battling concerns about repeated network outages and centralization. Solana (SOL) risks a significant price correction in the coming weeks owing to a classic bearish reversal setup.A 35% SOL price correction ahead?On the three-day chart, SOL’s price has been painting a rising wedge,…

Read this article to know why El Salvador and the Central African Republic (CAR) have adopted Bitcoin as a legal tender. Which countries are banning Bitcoin and other cryptocurrencies?Banning a global technology and economic paradigm like BTC is not the best approach for governments to protect their citizens from the…

Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a…

Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside? Crypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users. In addition, the firm has filed for bankruptcy protection,…

Clear the fog around the most significant upgrade in the history of Ethereum, The Merge. Here are five misconceptions that stand out among the rest. The excitement around Ethereum’s (ETH) upcoming upgrade, The Merge, which involves the merger of two blockchains — Mainnet Ethereum and Beacon Chain — has unknowingly…

It is high time for a deeper retracement on the “relief” rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table. Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs. BTC/USD 1-hour candle chart (Bitstamp). Source:…

Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in USD, network difficulty and hash rate. The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the United States dollar. However,…

The vice president of the European Parliament shares her perspective on the European Union’s Markets in Crypto-Assets legislation and how it would affect the industry. In an article I wrote for Cointelegraph, I commented on how the European Union has moved forward to regulate the crypto-asset market through Markets in…

The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country. India’s Directorate of Enforcement (ED) announced Friday that it has frozen the financial accounts of Bengaluru-based financial services company Yellow…

Majority of the DeFi tokens in the top-100 traded in green along with rest of the market in the wake of new CPI data release and several tokens registered doubled digit gains. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to…

The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda. You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North…

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve. Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a “favorable” Consumer Price Index print and news…

The national regulator urges the industry players to comply with the local legislation. The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity. In…

Github, Circle, dYdX, Alchemy, and Infura… All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions. The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s…

The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.” An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility,…

The email marketing service provider temporarily suspended crypto-related accounts due to alleged terms of service violations. The email marketing platform Mailchimp appears to have suspended its services to crypto content creators. Platforms associated with crypto news, content or related services started to have issues logging into accounts, followed by notices…

With some areas of the blockchain space showing signs of a potential bottom, July showed that the market remains in a cautionary state. The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short…

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024. The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few…

The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies. Paradigm has announced the launch of spreads trading in partnership with crypto exchange FTX.In a Friday blog post, Paradigm said under the FTX partnership users would be able to utilize…