First Bitcoin-backed synthetic dollar to launch with 25% yield

Fidelity's Jurrien Timmer believes that the significance of El Salvador’s Bitcoin move is “a little bit overplayed.” 364 Total views 10 Total shares El Salvador’s adoption of Bitcoin (BTC) as legal tender is widely celebrated across the crypto ecosystem, but one expert believes the importance of the rollout was a little bit exaggerated.Speaking to CNBC,…

Artificial intelligence-based crypto assets have surged as much as 70% in the past seven days as all eyes fall on Nvidia’s incoming earnings report. 

Ethereum's native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone.In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization from…

We’ll have three crypto music entrepreneurs on hand to discuss the future of the industry. What are you doing Friday afternoon?Cointelegraph is hosting the latest edition of its Cointelegraph Talks series this Friday, August 28, at 3 PM Eastern / 12 PM Pacific on our YouTube channel. We’ll have three entrepreneurs active at the intersection of…

The software company added another $10 million in BTC to its war chest. 3202 Total views 22 Total shares MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average…

Police in Burnaby have noted a surge in Bitcoin-related scams across Vancouver. 1211 Total views 42 Total shares The Royal Canadian Mounted Police, or RCMP, in Burnaby, a district of Vancouver in British Columbia, reported a surge of Bitcoin (BTC) related scams across the city. This news comes amid recent reports of similar activity occurring…

Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines.On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike McGlone has…

Lido Finance is the market leader in Ethereum staking, claiming 28.2% of net ETH deposits.