Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products. Penned by CoinShares, an institutional crypto fund manager, the report highlighted that Avalanche-based investment vehicles attracted about $25 million in the week ending Feb. 21, the second-biggest inflow recorded in the
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The rise of community-oriented blockchain security companies may be making it more difficult for alleged bad actors to get away without a trace. Early Wednesday, CertiK issued a community alert regarding Flurry Finance, where its smart contracts were allegedly breached by hackers, leading to $293,000 worth of funds being stolen. Shortly after the incident, CertiK
Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.” The bearish
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use
Seemingly frustrated by the amount of ‘meme coin’ spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets. Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator
Robert Gryn is a serial entrepreneur who has built a high-tech Metaverse scanner which he hopes will act as a portal from our physical reality into the Metaverse. It is no secret that the physical world is beginning to merge with the digital, and that blockchain is serving as the arbiter of reality in many
Coinbase Wallet, an in-house wallet service offered by prominent crypto exchange Coinbase, has rolled out browser extension support for Ledger hardware wallets. The Coinbase Wallet extension, available in the Chrome Web Store, is a noncustodial wallet that allows users to store and transact cryptocurrencies and nonfungible tokens (NFT). By adding support for Ledger, Coinbase users
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which memecoins can get you the most return on investment in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the
One of the most significant transitions to occur for the cryptocurrency ecosystem since the launch of Bitcoin (BTC) has been the increasing dominance of proof-of-stake (PoS) protocols over the proof-of-work (PoW) model, primarily due to energy requirements of the PoW model and growing concern over its environmental impact. As more projects launch or transition to
After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift. Many Afghans subsequently began to learn about cryptocurrencies and the underlying blockchain technology to — at the very least — receive remittances
In 1602, the Dutch East India Company was formed in what many consider the world’s first initial public offering — allowing perfect strangers to share in stock ownership. Four centuries later, the joint-stock model — especially its incarnation as the modern business “corporation” — sets the pace for much of the economic world. But, decentralized
Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability. Bitcoin tiptoes around macro cues Data from Cointelegraph Markets Pro and TradingView showed an eerily calm start to the first Wall Street session of the week for both stocks and crypto. Fears had been high of a
Bitcoin prices declined for the sixth day in a row Tuesday, falling about 12% from the same time last week. BTC/USD fell to a low of $37,358.00 to begin the trading week after reaching a high of $39,394.44 on Sunday. BTC fell to its lowest level since February 4 as it approached its long-term support
Bitcoin (BTC) dipped below $38,000 on Feb. 21 but the bulls are attempting to arrest the decline and start a recovery. The sustained weakness in 2022 seems to have toned down expectations of a strong rally. Huobi crypto exchange co-founder Du Jun said that if the Bitcoin halving cycle repeats, then the current weakness could
Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner. One protocol that has been gaining traction in February thanks to its alternative
The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari. Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH)
Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian
The co-founder of crypto exchange Huobi has shared his view about the current state of the bitcoin market and when the next bull run will be. “We are now at the early stage of a bear market,” he said, expecting the next bitcoin bull market to be around the end of 2024 or the beginning
The returns on Ripple were promising in the past decade, but it largely missed out on significant crypto gains. However, it did succeed during the early parts of last year until April, when its value grew significantly higher than before, only to be replaced by other cryptocurrencies later in autumn, which had much better performances
Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin. David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin