Why is Bitcoin price up today?
Bitcoin’s resurgence is driven by two key factors: the German government running out of BTC to sell and a weakening US dollar.
Related Posts
Digital Chamber urges US crypto users to support new NFT bill
Crypto advocates urged Americans to help the industry flourish without "misapplied" securities regulations.
Aave’s path to decentralization hopes to attract institutional investors
Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority.Aave recently launched its Aavenomics proposal to reward both liquidity providers and AAVE…
Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO
Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups.On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will…
IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’
IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network.1,000 times fasterIn an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is…
BAYC investors have less than a week to join class action against Yuga Labs
Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects.Rosen Law Firm, a global law firm focused on investor rights’ protection, announced on Jan. 30 that it’s planning to file a class action lawsuit against Yuga Labs. Rosen invited…
Bitcoin’s ‘Elon Musk pump’ rally to $48K was exclusively driven by whales
Bitcoin whales drove the rally to $48,000 and are aggressively buying, Binance exchange data shows. 3141 Total views 16 Total shares The price of Bitcoin (BTC) rallied to above $48,000 on Feb. 9, and has been consolidating since. Analysts from Material Indicators found that whales were the primary driver of the rally.This is largely considered…
Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder
Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17.Hoskinson compared crypto’s major growth…
How Bitcoin Is Becoming Both Resistance Money and a National Security Concern
In little more than 10 years, Bitcoin (BTC) grew from a small cypherpunk community to a matter of national security with vast implications for geopolitics.At the Unitize panel titled “From Bitcoin to Fedcoin: The Next Decade of Digital Money,” Meltem Demirors, CSO of CoinShares, and moderated by Andy Bromberg, president of CoinList, actually spent very…