Bitcoin futures premium hits 7-week high: is the rally sustainable?

The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet.On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time high price…

Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa. 410 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe African continent continues to be a fertile ground for the growth and implementation of blockchain technology.In…

6.7% of the entire circulating supply of Bitcoin (BTC) is held on the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst.“Exchanges are the biggest HODLers”On Oct. 8, the Token Analyst, a Twitter account that provides real-time and historical blockchain data, wrote that throughout Bitcoin’s history, the amount of the world’s…

3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend. 163 Total views 4 Total shares Own this piece of history Collect this article as an NFTKyle Davies, the co-founder of bankrupt hedge fund Three Arrows Capital (3AC), disclosed in a Twitter thread that the first meeting of…

Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021. 602 Total views 14 Total shares El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product (GDP) but also for the local tourism development.According to Salvadoran…

Cointelegraph, the leading publication for blockchain and cryptocurrency news, has announced the launch of its Cointelegraph Consulting division. The new business sector is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain technology and then matching them with enterprise blockchain vendors to implement solutions.According to Gartner, the business value added…

The new camera from IoTeX reportedly features a private key for access and end-to-end encryption of all data. IoTeX, a privacy-focused platform for the Internet of Things, has partnered with camera manufacturer Tenvis Technology to offer Ucam, an indoor security camera powered by blockchain technology.Head of business development at IoTeX Larry Pang told Cointelegraph that Ucam…

A new form of malware steals cookies from cryptocurrency exchanges and other data in an attempt to hack user accounts, cybersecurity research team Palo Alto Networks reported on Jan. 31.CookieMiner, a progression of OSX.DarthMiner, is a malware targets Mac users, stealing saved Google Chrome passwords, iPhone SMS messages and iTunes backups on tethered machines and…

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk.Many existing flatcoins, like Terra’s TerraUSD (UST) stablecoin, are algorithmically backed and therefore serve as a stark reminder of the risks associated with…