Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870. Ethereum vs. Bitcoin: 14-month downtrend and counting Moreover, on Sept. 20, Ether reached its lowest levels against Bitcoin (BTC) in
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Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned. According to the September 21 announcement, Chris Donovan, Near Foundation’s general counsel, will replace Flament as the new CEO following the resignation. Flament gave no specific reason for her departure. Speaking on her tenure, Flament said: “Two years ago,
On Wednesday, Sept. 20, the United States House Financial Services Committee marked up two bills to curb the issuance of a central bank digital currency (CBDC). One of the bills would stop the Federal Reserve from running any test programs on CBDCs without congressional approval, while the other would stop federal banks from using CBDCs
Bitcoin (BTC) speculators are in “panic” mode as nearly all of them are in the red, research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed 97.5% unrealized losses among Bitcoin’s short-term holders (STHs). Research warns of “non-trivial” Bitcoin sentiment slide BTC price action in recent months has
An Ethereum developer has managed to get ChatGPT to launch its own ERC-20 token, AstroPepeX, modeled off data from the top traded tokens on Uniswap. X (previously Twitter) user CroissantETH unpacked details of how they integrated ChatGPT into a custom application using OpenAI’s API. They told it to design and issue its own ERC-20 token
An executive at the cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024. Marina Parthuisot, the head of legal at Binance France, said that since no project has yet to receive approval, “we are heading to a
Generative artist William Mapan’s latest collection, “Distance,” sold out in less than 24 hours despite launching in the middle of a very weak NFT market. From his early long-form generative series “Dragons” on the Tezos blockchain to the highly sought-after “Anticyclone” ArtBlocks collection that currently commands a 5 ETH floor, Mapan has a unique way
Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Rangebound until proven otherwise” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning prior to the Wall Street open, down by around 1.5% on the day. Bitcoin
Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), the firm officially announced on Sept. 21. According to eToro, the registration will authorize it to offer regulated crypto services
The Bitcoin network got its own community-based social token ecosystem after a new project called Alpha emerged overnight. As a decentralized social network protocol, Alpha is similar to the widely-known Ethereum-based platform Friend.tech. It allows users to monetize their online persona and content creation via its social tokens. ️Alpha α is officially here More than the @friendtech
Ethereum has been one of the cryptocurrencies to maintain a reasonably high level even through multiple price crashes in the market. However, it seems like the altcoin will not be able to hold as it has done in the past with a dreaded bearish signal resurfacing to threaten the asset’s price. Ethereum Addresses Holding More
The open-source nature of many hardware cryptocurrency wallets allows one to build a do-it-yourself (DIY) wallet like Trezor from scratch, but it requires certain skills. Florin Cocos, an electronics design manager from Romania, built his own DIY Trezor with the wallet’s open-source code in 2018, without having access to a “real” Trezor device. On his
Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP Color Code To $1.4: If XRP triumphantly closes above the Fib 0.5 level at $0.57 with undeniable
Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States. Alchemy Pay has obtained a Money Transmitter License in the state of Arkansas, the firm announced to Cointelegraph on Sept. 20. Granted by the Arkansas Securities Department, the license officially enables Alchemy Pay to operate
South Korea’s second-largest city, Busan, is developing a public blockchain network compatible with mainstream blockchain platforms, such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at the city level and develop Busan into a blockchain city. Busan City has allocated a 100-billion-Korean-won ($75 million) budget
The CBDC Anti-Surveillance State Act, aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee. According to a press release distributed by the bill’s author, Representative Tom Emmer, on Sept. 20, the CBDC
An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending in “ACa7.” Blockchain security firm PeckShield has labeled the address as being owned by a phishing scammer.
Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes. At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up
Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate
While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.” This, in turn, could drive the next wave of institutional investment. On Sept. 20, Bloomberg crypto market analyst
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