‘There are already digital means of payment:’ EU Commission gets 11,000 public comments on CBDC project

In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback section will be open until June 14. Besides the open-ended comments section on the website, there is a […]

Bitcoin S&P 500 Correlation Means It Should Cost $18K, Says Analyst

Bitcoin (BTC) should cost $18,000 right now — or the S&P 500 must crash, says the analyst behind the model which predicts a BTC price of $288,000. In a series of tweets on June 17, PlanB, the creator of stock-to-flow (S2F) and stock-to-flow cross-asset (S2FX), highlighted a correlation between the largest cryptocurrency and the stock […]

Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

Bitcoin’s week-long bout of consolidation appears to be leading options traders to grow increasingly bullish on the cryptocurrency Data shows that options traders are nearly all anticipating BTC to see further upside in the weeks and months ahead There are multiple factors, however, that suggest it is poised to see downside in the near-term These […]

What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin

The largest 50-day “Robinhood” rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on? Saudi Arabia injects $13 billion in bank liquidity via blockchain. China’s state TV CCTV says Binance is still allowing crypto trading in China. MakerDAO community greenlights real world collateral.  Our main […]

BitMEX Open Interest Collapses Following $25m Bitcoin Liquidation Spree; What This Means

Bitcoin’s recent volatility has led open interest on trading platforms like BitMEX to plummet This has come about amidst a bout of choppy price action, which has led to a massive amount of position liquidations amongst margin traders It is possible that these liquidations are causing more and more traders to move to the sidelines […]

Decentralization and What Section 230 Really Means

With U.S. President Donald Trump clashing with social media behemoth Twitter, what does the fight over “Section 230” really mean and can decentralization offer a better solution? U.S. President Donald Trump signed an executive order last Thursday, seeking to amend Section 230 of the Communications Decency Act. Section 230 prevents social media companies from civil […]

Review: Documentary Film – Monero Means Money

You may recall that an independent film about Monero recently topped the United States box-office charts, with gross sales of just $3430, mainly thanks to the mass closure of cinemas during the COVID-19 pandemic. The film’s producer, Justin Ehrenhofer, recently got in touch with Cointelegraph to let us know that Monero Means Money is now […]

Bitcoin Halving Means Miners Will No Longer Be Biggest Sellers of BTC

Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst, the selling pressure may come from crypto exchanges. Willy Woo, the co-founder of Hypersheet, said that exchanges will likely begin selling their storage of crypto assets composed […]

Bitcoin Has Been Fundamentally Altered by Its Recent Rally; Here’s What This Means

Bitcoin’s intense rally seen throughout the past six weeks has allowed it to erase nearly all the losses that were brought about when it first started declining from highs of $10,500 in late-February This firm uptrend has also allowed it to gain fundamental strength as its market dynamics see a major shift Options data for […]