The cryptocurrency market has been on a tear over the last month as Bitcoin price climbed 73% from a low of $29,200 on July 20 to a high of $50,478 on Aug. 26, a move that has warranted caution from Dan McDermitt, cryptocurrency market analyst and co-founder of TheChartGuys. According to McDermitt, Bitcoin’s relentless march over the past month was done “with a lack of weekly consolidation,” which was an impressive progression that frustrated bears as “every week is a higher low.” McDermitt is “expecting an equilibrium pattern on the monthly time frame, which is a pattern of higher lows …
Cointelegraph is delighted to announce a nonfungible token charity auction in partnership with the Rotary Foundation and the Binance cryptocurrency exchange. Binance will feature the celebrity-themed charity campaign on its newly launched NFT marketplace, aiming to generate donations supporting financial education for children and training for physicians coping with COVID-19 emergencies. The charity auction will include an NFT series curated and designed by Cointelegraph and its outstanding art team, with the participation of global athletes, musicians, entrepreneurs and bloggers. As part of the campaign, Cointelegraph’s team of artists will create digital portraits of celebrities willing to support Rotary’s charity efforts …
High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. A group of respected computer scientists involved in the DeFi space got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs. Sergej Kunz, CEO of decentralized exchange 1inch, Mounir Benchemled, the Founder and CEO of ParaSwap, …
Google’s Play Store for Android smartphone apps seems to have taken an issue with reporting on cryptocurrencies and blockchain news, taking down several notable apps, including ours. The newest block? As of 2:00 PM EST, apps of crypto news sites including Cointelegraph and CoinDesk were unavailable on the Play Store. Screenshots of results returned for Cointelegraph and CoinDesk Google did not contact Cointelegraph regarding the planned removal. We have reached out to the company but received no response as of press time. This article will be updated with new information or comment from the company should we receive it. For …
As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the Swiss Alps. Cointelegraph will be on the ground to cover the World Economic Forum (WEF) as well as a host of blockchain-focused events taking place. Key members from global governments, businesses and civil society converge on the town annually for the WEF conference, but cryptocurrency and blockchain events are beginning to make their mark during the exclusive event. The official WEF agenda for 2023 has made provision for …