Bitcoin price may have pumped 10% to $41,000 but derivatives indicators show top traders aren’t feeling so bullish.
The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
A cryptocurrency network consists of a global community of stakeholders, including the validators that secure the network while adding transactions to the blockchain, the traders who speculate on these radically market-driven assets, and the builders working to onboard people to this new financial paradigm.
At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week.13204
The move to a digital world, and the proliferation of cryptocurrencies, has unlocked exciting opportunities — but it’s also created new problems that need to be solved.1340
Bitcoin’s surge above $40,000 and the breakouts from select altcoins may be signals that the bottoming process has begun.10585
The Avanti Financial CEO says Bitcoin shouldn’t be leveraged and that regulations for stablecoins are underway.6812
After being critical of cryptocurrencies, the Wall Street investment bank officially embraced Bitcoin earlier this year. It’s now expanding its offerings to include Ether.10874
DeFi gets a bad rap for being complex, technology makes it simple enough to cut out middlemen in non-finance industries ranging from energy to e-commerce.1247
Traders who are unsure about Bitcoin’s chance of continuation above $40,000 can use a combination of protective put options to generate profit.19495
Despite recording high weekly outflows, Ether funds have generated $994 million in inflows this year. The total assets held in ETH funds are nearly $11.1 billion.11269
This nonfungible token platform specializes in the world of football — and it’s doing things a little differently to the many other NFT marketplaces out there.2264
Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency.7766
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators.5073
Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies.7195
Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright.8116
Bitcoin price is still 38% away from its all-time high, but a handful of technical indicators suggest bulls are gathering strength.53471