Bitcoin eyes Mt. Gox recovery amid warning over BTC price dip to $58K

The past eighty days have been moderately bearish for cryptocurrencies as the altcoin market capitalization declined by 16%. The downside movement can be partially explained by the U.S. Federal Reserve’s quantitative tightening, rising interest rates and the halting of asset purchases. Although they are aimed at curbing inflationary pressure, the policy also increases borrowing costs…

Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC. 506 Total views 6 Total shares Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce…

After flirting with a $2 trillion market cap for the last couple of days, the cryptocurrency market took a 7% hit on April 7, dropping the total crypto market cap to $1.8 trillion. As the unexpected sell-off took place, investors scrambled to find a reason to explain the move.Analysts typically identify the use of excessive…

The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume profile drops 90% since March 2020A “volume profile” indicator displays trading activity across prices, with the blue indicating buying…

The Israeli government has confiscated 30 crypto wallets from a small exchange based in Gaza, where the Hamas terrorist group has bolstered its military. 257 Total views 22 Total shares A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were…

Despite their large numbers of followers — and being potential targets for scammers impersonating them — not every major Crypto Twitter personality has signed up or been given a blue checkmark since the platform removed legacy verification on April 20.In a debate that’s almost exclusively limited to die hard enthusiasts of the social media platform,…

Ahead of its upcoming public beta launch, decentralized social media platform Voice announced that it hired former Forbes chief digital officer, Salah Zalatimo, as its new CEO, according to a press release, Jan. 9.Zalatimo joined Forbes in 2015 and led a successful digital transformation, rebuilding the Forbes platform from the ground up. Block.one CEO, Brendan…

Coming every Sunday, Hodler’s 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 WeekBitcoin price did not crash 60% due to coronavirus, Binance CEO saysIt’s…

Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23.Elvira Nabiullina, the head of the Bank of Russia, revealed that the bank may be interested in creating a gold-pegged crypto for conducting mutual settlements with global jurisdictions.However, Nabiullina claimed that she believes that it is…