Bitcoin bear trap over? BTC price fractal hints at parabolic move next

“The Global South is where we should be looking” for Bitcoin adoption, Paxful CEO Ray Youssef told Cointelegraph in an interview at the gym. 147 Total views 3 Total shares Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a…

The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally be behind us.The decentralized stablecoin space has only proved effective with ETH, USDC and BTC backed…

On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn.BTC/USD daily chart. Source: TradingView.comAs the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell in tandem. The seemingly inverse…

Some members of the crypto community believe this could trigger a domino effect, with other countries following Brazil's lead.

Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023, Fineqia

If you look at crypto assets’ price movements as a series of isolated events, the picture is messy. Sure, some traders can occasionally win big off one-time events or thanks to sensing a meme-inspired trend.In the long run, however, most of these “fortuitous” traders tend to lose.Why? Because they have to pick big-time winners to…

Miami’s mayor believes that if city-specific cryptos succeed, it would mean residents “won’t have to pay a cent in tax.” 1865 Total views 18 Total shares Miami Mayor Francis Suarez has been celebrating the success of a recent initiative to fund municipal projects through the proceeds of a city-specific crypto protocol built atop the Bitcoin blockchain.On…

Any country seeing widespread use of Facebook’s proposed Libra digital currency could find that its central bank monetary policy is severely undermined. This is the view of Hiromi Yamaoka, former Bank of Japan executive, who oversaw research into digital currencies for the organization.“The emergence of Libra would pressure policymakers to discipline themselves”Issues are likely to…

The MultiversX Snap for MetaMask introduces a new level of security, embedding two-factor authentication directly into the blockchain protocol for enhanced protection.