MATIC retested the bull flag’s upper trendline as resistance Friday after its price rose by up to 30%.
Cryptocurrencies News
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.
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The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.
1495To support cryptocurrency projects starting at the beginning and looking to advance to exchange listing, one platform aims to provide a partnership-style solution.
132United Wholesale Mortgage had previously announced plans to test Bitcoin and Ether for mortgage payments in August.
2498Bitcoin has recaptured the $60,000 position after a six-month period of ups and downs.
11885Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.
7445ETH price recaptured the $3,800 level and derivatives data signals bulls are well-positioned for Friday's $385 million options expiry.
8436ALCX and SLP are flashing bottoming signals while BTC is steadily climbing toward $60,000.
6417One of the crypto industry's major players seeks to boost the public debate on how to best fit digital assets into the regulatory perimeter.
2199The Bank of Mexico and the National Banking and Securities Commission issued a statement earlier this year warning financial institutions not to deal with digital assets, but the president has not often spoken directly on the subject.
2531Open Interest surged to $3.22 billion on. Oct. 14 to levels not seen since February.
4392The investment firm withdrew its application for a physically-backed Bitcoin ETF in 2020 but has already received approval for a fund offering investors exposure to companies in the blockchain and crypto industry.
1676Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining.
4644Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000.
2807The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
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