Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the site fully shuts down. The site’s developers did not say that they would be offering another path forward in the future, but hinted at building “leaner web3 experiences and/or products on mainnet.” “2022 was a challenging year not only for the platform, but also for the entire crypto industry,” said Rally. “The team has worked …

Anticipation of the next Bitcoin (BTC) halving will be the main catalyst to spark a crypto rally as soon as the second quarter of 2023, according to hedge fund manager Mark Yusko. The halving mechanism, which reduces the Bitcoin block rewards by half every four years, has historically been a major catalyst for crypto rallies. The next halving is expected to occur in early 2024. “Usually the market will anticipate that by about nine months,” Yusko said in a recent interview with Cointelegraph. According to the hedge fund manager, the halving will propel Bitcoin to $100,000 "by the laws of …

Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal's predictions. “The Fed are unlikely to raise rates as far and as fast as people expect. My guess is they probably stop raising rates sometime in the summer and that will be it,” he said in an exclusive interview with Cointelegraph. Pal sees the combination of high interest rates and fear of an upcoming recession as the main macro factors …

In previous bull market cycles, there has been a measurable correction before a rally at the end of the year — and if history rhymes it could be on the cards again. We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current levels. Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline: “Did Bitcoin Enter A Bear Market After Falling 20% From Its ATH?” on a Nov. 30 article. But …

Dogecoin (DOGE) soared on Oct. 28 amid massive capital rotations out of its top meme coin rival Shiba Inu's (SHIB) market. Notably, the DOGE price rallied by a little over 44% to reach its intraday high of $0.3449. Its gains appeared in contrast to SHIB's losses in the same period. On the other hand, the so-called Dogecoin Killer dropped almost 28% to log an intraday low at around $0.00005700—in the same hour DOGE printed its daily top. The sudden price rally also pushed Dogecoin's market cap over $40 billion, a mettle Shiba Inu achieved hours before, with the two cryptocurrencies …

Bitcoin (BTC) adoption is growing in the auction world, where privacy is a key concern. An anonymous buyer purchased a legendary rally car driven by iconic rally figures Colin McRae and Carlos Sainz, which was thought to be long-lost in an auction for half a million Australian dollars ($360,000) and reportedly used Bitcoin as a payment method. Australian auction house Lloyds Auctions announced that the 1994 Subaru Prodrive 555 Group A World Rally Championship Car had been found in a barn, covered in dust, in the Victoria state of Australia. The car was originally thought to be valued at 15,000–20,000 …

Tuesday started with a bang after Poly Network was hacked for $610 million in funds in what appears to be the worst hack in the history of decentralized finance, and the price of Bitcoin (BTC) dropped by 2% to trade near $45,000. Despite the severity of the hack, most altcoins are holding on to their recent gains, and those that have registered small losses line up with the pullback in Bitcoin’s price. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), Rally (RLY) and Axie Infinity (AXS). Coinbase listing boosts …

The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) and become the 8th largest cryptocurrency by market cap. More retail outlets have adopted the currency as a form of payment in recent days. On Tuesday, a popular …

In a newsletter released today, the Quantum Economics founder said Bitcoin’s recent rally past $23,000 — a gain of roughly 29% in a week — didn’t necessarily mean the market was “overheating” and heading for a crash like the one in December 2017. “In our opinion, things are just getting started,” said Greenspan. “We probably shouldn't be using any old yardsticks when it comes to determining what kinds of percentage gains are possible.” He added: “Should demand continue to pick up from these levels and supply continue to constrain, there is a distinct possibility that we may see some days …

Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision — and that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market. That is what, according to Pal, makes the latest Bitcoin rally fundamentally different from 2017’s crypto bubble, which is believed to have been driven mainly by retail investors. According to Pal, most of Bitcoin's additional supply is currently being absorbed by PayPal, Square — which recently adopted crypto …

Coming every Sunday, 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 Bitcoin rallies 13% to break through $11,000 After weeks of stagnation, Bitcoin finally roared to life this week. Late on Monday, the world’s biggest cryptocurrency surged to a new 2020 high of $11,394. The bull run meant almost 95% of Bitcoin’s supply was in profit. Bloomberg released a mid-year report predicting BTC could soon rise …