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Today Bitcoin (BTC) price and Ether (ETH) price pulled back to lower support levels after an exciting week that saw BTC soar to a new all-time high after the successful launch of two exchange-traded funds. While much of the focus has been on BTC and Ether, multiple altcoins have racked up notable gains on as some traders appear be preparing for a possible altseason run. Top 7 coins with the highest 24-hour price change. Source: Cryptox Markets Pro Data from Cryptox Markets Pro and TradingView shows that the biggest gainers over the past…
Recently, as the crypto market gradually rebounds, the expected latter half of the bull market has arrived. With a dazzling array of new projects, the rapid growth of the sector has attracted much attention. Many investors see great opportunities from the promising investment potential of the blockchain industry, with possible investment channels in DeFi, NFT, Metaverse, GameFi, etc. In the sunrise industry of blockchain, those who can make early plans will be able to seize the next opportunity and profit from its perks. Although there are plenty of crypto projects,…
On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event. Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking…
We think it’s fitting that this, the 50th episode of “Money Reimagined,” is being published inside an historic week for the crypto community, when the launch of a futures-focused bitcoin exchange-traded fund helped drive the leading cryptocurrency to a new all-time-high just shy of $67,000. This episode is sponsored by Quantstamp. It’s also fitting that at this moment in time – one that is truly looking like a “crypto moment,” defined not only by soaring bitcoin prices but also explosive interest in non-fungible tokens (NFT) and decentralized finance (DeFi) –…
Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $56,000 minimum BTC buy-in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day. A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week “Was watching that $64K zone as a crucial level to break and the market has…
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The crypto regulatory situation in the U.S. is sad. Not because the Securities and Exchange Commission or Department of the Treasury keep proposing new, unpopular rules but because there is a lack of depth and insights into most of the positions and intended actions coming out of U.S. regulatory agencies. What we have today is hastily concocted and coordinated decisions from various departments that have all been reactive and not proactive. Most of these end up delivering superficial, rushed, harmful, reactive or incomplete policies, not always aligned with helping the…
White hat hacker Gerhard Wagner has earned $2 million after reporting a solution to a potentially costly “double-spend” bug on the Polygon network. In an Oct. 21 blog post from Immunefi, a security service that helps facilitate bug reports in decentralized finance projects, Polygon network’s Plasma Bridge was at risk of having $850 million removed by a knowledgeable hacker. According to the project, the vulnerability would have allowed attackers to exit their burn transaction from the bridge up to 223 times, quickly turning an amount like $4,500 into $1 million…
This new generation of digital infrastructure could help realize goals that have long eluded policymakers, such as expanding access to consumer finance products, reducing the cost of capital, enabling capital formation for small businesses worldwide and improving compliance through easy, instantaneous auditability. Policymakers will still need to develop thoughtful regulatory frameworks in this space that protect consumers from bad actors and ensure the stability and integrity of our financial system. However, if we are judicious in how we incubate these tools, we can usher in a new renaissance of economic…