Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the United States could prove to be bullish for Bitcoin. In a note to clients, Anthony "Pomp" Pompliano said that the only way to protect oneself in the current environment is to invest in “equities, real estate, crypto, etc.” Bitcoin’s market dominance recovered from about 40.66% on Sept. 12 to 43.75% on Sept. 18, indicating that traders may be booking profits in altcoins and buying Bitcoin. The outcome …

Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average (SMA), which is considered to be an important level by institutional investors attempting to decide whether an asset is bullish or bearish. Along with this, crypto investors are also watching the formation of a golden cross in Bitcoin. If this bullish setup completes, it will signal a trend in favor of the bulls. For the time being, investors continue to focus on select altcoins that have continued their northward journey. On the fundamental front, Bitcoin reached another milestone as miners produced …

Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations. One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the “internet of blockchains” thanks to its Inter-Blockchain Communication (IBC) protocol. Data from Cointelegraph Markets Pro and TradingView shows that the price of ATOM rallied 180% from a …

Bitcoin (BTC) is knocking at the doors of the key $50,000 level, and most traders are still optimistic, even after the digital asset rallied 70% from the July 20 low at $29,278 to an intraday high at $49,757.04 on Aug. 21. Monitoring resource Material Indicators pointed to a lot of puts at the $50,000 strike price and the “positive funding almost across the board (overheated),” which suggests a rejection at the current levels and a “pullback going into September.” Nikita Ovchinnik, chief business development officer of 1inch Network, said that several new institutional investors began adding exposure to crypto in …

Interlay, a Bitcoin (BTC) interoperability project that first launched on Polkadot, has concluded a $3 million seed round to further develop its flagship decentralized finance product, marking another important capital raise in the blockchain industry. The funding will go towards supporting Interlay’s interBTC platform, which allows users to invest, earn and pay with Bitcoin on any blockchain. Originally commissioned for Polkadot, interBTC will expand to other blockchains including Ethereum (ETH) and Cosmos. As Cointelegraph reported, Interlay began building its Bitcoin bridge in early 2020 after receiving a grant from Web3 Foundation, a technology steward for the decentralized web. Interlay claims …

Bitcoin (BTC) price is still range-bound and traders are searching for signs that may provide insight about the next directional move. Philip Swift, the creator of analytics resource LookIntoBitcoin, pointed out on July 9 that the Puell Multiple rebounded “out of the green zone of this week” only for the fifth time in history. Swift said if the indicator continues to move up, Bitcoin’s price may follow it higher. Another positive outlook for Bitcoin came from Lex Moskovski, chief investment officer at Moskovski Capital, who highlighted that Bitcoin’s price was trading about 59% below the target price projected by the …

My colleague, Elias Simos, likes to say we're living through a digital asset renaissance, including the digitization of non-digital asset value. Decentralized solutions to a myriad of financial and peer-to-peer obstacles are flourishing, but many innovators and entrepreneurs are still tied to old models of building the projects. Some platforms, such as Polkadot and Cosmos, are establishing new startup models suited for Web 3.0. They make it easier to create and connect decentralized applications and to empower innovators to build better solutions. Acting like a startup accelerator, these multichain protocols present a mechanism to launch and naturally scale hundreds of …

In bull and bear markets, wise cryptocurrency investors know that the primary focus should be on project longevity rather than jumping on every short-term price movement. As the crypto ecosystem expands and new sectors arise, protocols that offer the most value to the community stand the best chance at long-term survival and price appreciation. The goal of this newsletter is to take a more thematic, macro view of niche sub-sectors within the cryptocurrency market and identify projects whose signal they will be successful within the space. It isn’t about the token price; it’s about the tech, the fundamentals of the …

Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band. Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud applications to be built which use decentralized oracles.” He continued: "Our teams are empowering researchers and developers to use decentralized oracles for any …

Plasm Network and Secret Network, two projects based on Polkadot and Cosmos, respectively, have launched the first iteration of a bridge to connect the two ecosystems, each representing a different “layer-zero” protocol. The bridge, deployed on Tuesday on Plasm’s testnet, allows users to transfer assets between Plasm Network and Secret, allowing them to enjoy transaction privacy and use SecretSwap, the first automated market maker exchange on Secret Network. The bridge would allow Plasm users to benefit from Secret Network’s privacy layer, which is based on hardware guarantees offered by trusted execution environment, or TEE, cells. Secret nodes and validators use …

Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain. Unfortunately, the actual vote to implement it failed to reach the required quorum, pushing back the launch by at least a week. The Kava 5.1 upgrade is a significant boost to performance over previous major versions, with the team claiming a ten-fold increase in throughput through “consensus enhancements.” The upgrade also carries improvements to the BEP3 relayer that acts as the connection to Binance Smart …

The self-described “Internet of Blockchains,” Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains. Comos’ IBC went live on Monday, enabling token transfers between Cosmos and other IBC-compatible blockchains. The feature, which has been in development for five years, was voted in via community governance with 112 million votes supporting the activation and 75 million opposed. Over a two-week period, the Cosmos proposal needed to secure at least 512 ATOM tokens deposited in support of it for voting to proceed. The number of tokens an individual or group holds determines …