Bitcoin (BTC) fell below $29,000 into April 20 as bulls faced a battle for ground reclaimed in March. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will $30,000 become Bitcoin’s latest “Bart Simpson”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,800 on Bitstamp. Earlier wicks below $28,600 were quickly bought up, but
Month: April 2023
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions. French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to only qualified institutional clients. According to observers who reviewed its smart contract code, ERC-20 transfers
Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto. On April 21, Web3 venture capital firm Paradigm published a policy piece on the problems with SEC registration. It claimed that SEC chair Gary Gensler’s “attempt to brute force crypto assets that may
A University of Tehran professor and member of Iran’s Presidential Delegation to China has stressed the importance of de-dollarization for the international community. “The dollar has been used as a weapon by the U.S. against different countries. It is unreliable and it is dangerous,” the professor warned. Iranian Professor Stresses the Importance of De-Dollarization Professor
Our weekly roundup of news from East Asia curates the industry’s most important developments. Three Arrows Capital (3AC), a once bourgeoning Singaporean hedge fund worth an estimated $10 billion at is peak, was utterly obliterated by the bear market last year. However, the carnival it has created since the initial blowup still lives on, and
The so-called Bitcoin (BTC) soccer team, Real Bedford Football Club, won the United Kingdom’s South Midlands League for the 2023 season. Fans from all over the world, from Vancouver to Beijing, flew in to watch the last home game and see the trophy raised. 327 fans turned up, many of whom had traveled thousands of
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market. Dubbed “Collective dynamics, diversification and optimal portfolio construction for cryptocurrencies,” the paper was written by Dr. Nick James, a fellow at the University of Melbourne’s
Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country’s fiat currency, the South African Rand, according to local media reports. South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block
The past few weeks have seen a wave of zero-knowledge proof project launches, including Polygon’s zkEVM and Matter Lab’s zkSync Era on mainnet, and the Linea zkEVM from ConsenSys on testnet. They join StarkWare’s long-running StarkEx solution and its decentralized cousin StarkNet along with a variety of other projects in development from Polygon (Miden, Zero,
Bitcoin (BTC) recovered from new ten-day lows at the April 20 Wall Street open as United States jobs data boosted investor confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: “Lights out” at $28,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp. Amid an ongoing correction,
The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported. Facing charges of fraud and money laundering, the local police immediately
Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash. Cointelegraph confirmed the news with the people familiar with the matter, and Pertsev
Hashing It Out Episode 16 explores one of the most popular use cases for cryptocurrencies: payments. Elisha Owusu Akyaw is joined by Ran Goldi, vice president of payments at Fireblocks, to explore the rapidly evolving world of crypto and payments, the steps necessary for adoption, the role of stablecoins, and the hurdles — such as
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa
An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins. The wallet address, linked to the Ethereum Name Service (ENS) domain “jaredfromsubway.eth” made $950,000 from the sandwich attacks on April 18 and profited about $300,000
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