Bitcoin sets up lowest weekly close since early March as 4th red candle looms

Bitcoin sets up lowest weekly close since early March as 4th red candle looms

Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance bids slowly thin below spot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to retake the $40,000 mark after losing…

Looking to take out a crypto loan? Here’s what you need to know

Looking to take out a crypto loan? Here’s what you need to know

Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality, sees most of the total value locked (TVL) on DeFi…

Monero ‘falling wedge’ breakout positions XMR price for 75% rally

Monero ‘falling wedge’ breakout positions XMR price for 75% rally

Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months. Falling wedge breakout underway Notably, XMR’s price broke out of its…

NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects. The bill drafted by Sen. Thomas, Senate Bill S8839, calls for defining,…

Here is why Germany is ranked the most crypto-friendly country

Here is why Germany is ranked the most crypto-friendly country

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Germany has risen to the top spot of Coincub’s guide to the…

Coinbase NFT launches beta, AMC Theatres rolls out SHIB and DOGE payments, and Blockchain.com eyes IPO: Hodler’s Digest, April 17-23

Coinbase NFT launches beta, AMC Theatres rolls out SHIB and DOGE payments, and Blockchain.com eyes IPO: Hodler’s Digest, April 17-23

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week AMC Theatres mobile app accepts…

‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?

‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?

Blue-chip NFTs is a popular buzzword one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks that are considered to be the well-established extension of corporations known for their quality, reliability and financial stability. But, exactly what are blue…

Bitcoin funding rates show demand to short BTC as $40K becomes resistance

Bitcoin funding rates show demand to short BTC as $40K becomes resistance

Bitcoin (BTC) consolidated under $40,000 on April 23 as market expectations favored further losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Extreme fear” accompanies Bitcoin’s descent to $39,200 Data from Cointelegraph Markets Pro and TradingView followed a bearish BTC/USD after the pair touched $39,200 on Friday’s Wall Street open. Falling in…