German gov’t prepares for next $276M BTC sell-off

The name is a reference to the protagonist in Neal Stephenson’s novel, Snowcrash. Blockchain software firm Blockstack PBC announced that it will be changing its name to “Hiro Systems PBC.”Muneeb Ali, co-founder and CEO of Blockstack, told Cointelegraph that the team plans to focus on a narrower set of priorities once the stacks 2.0 mainnet…

Tuesday started with a bang after Poly Network was hacked for $610 million in funds in what appears to be the worst hack in the history of decentralized finance and the price of Bitcoin (BTC) dropped by by 2% to trade near $45,000. Despite the severity of the hack, most altcoins are holding on to their…

Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFTX CEO tells of “complete failure of corporate controls”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeing only mild volatility at the Wall Street open.The pair showed acclimatization to events around the…

Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC).Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. BUSD…

Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of the United States government.On April 7, the New York Southern District Court approved a motion to adjourn the sentencing control date for Konstantin Ignatov, brother and accomplice of OneCoin co-founder and current fugitive…

Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives.One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a…

XRP is currently mirroring a trend from the April-June 2021 that preceded the price falling by 65% in the following months. 1628 Total views 6 Total shares The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding…

Bitcoin (BTC) topped out at around $46,000 on April 4 before freefalling back to $38,000, causing much frustration among crypto traders who have been so used to the market’s unreal returns in the past two years after the March 2020 crash. February and March showed signs of recovery, especially after the steep declines in December and…

Saturday, May 25 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,000 mark, with minor gains on the day.Market visualization courtesy of Coin360Bitcoin is a fraction of a percent up on the day, trading at $8,025 at press time,…