Quick Look
Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts...
Gas-free transactions will revolutionize Web3
Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely...
Ted Cruz buys the Bitcoin dip
Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is. According to a financial disclosure...
US Lawmaker: Crypto Assets Are Here to Say, Diversified Portfolios Should Have Crypto Exposure
U.S. Senator Pat Toomey says that crypto assets are here to stay and “a thoroughly diversified portfolio should have some.”...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of...
Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher
The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the...
Winter is coming! Here are 5 ways to survive a crypto bear market
The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market...
Telos (TLOS) hits all-time highs – Here is why more growth is still to come
After suffering major selling pressure at the start of 2022, Telos (TLOS) has rallied massively. The token has now hit an all-time...
Unus Sed Leo (LEO) surges to all-time highs – But bullish momentum still remains
Despite experiencing a lot of volatility over the last week or so, Unus Sed Leo (LEO) has seen a massive uptrend. The breakout in fact...
A Team of Experienced Crypto Enthusiasts Launch RIDGE Charity Token
PRESS RELEASE. Podgorica, Montenegro – A group of crypto enthusiasts has announced the release of the RIDGE charity token. RIDGE is...
This Year’s Super Bowl Attendees to Get Commemorative NFT Tickets From NFL, Ticketmaster
The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in...
Bitcoin Turns Lower From Bearish Trendline, Support at $35.5K
Sellers look to regain control after bull failure at technical resistance. Source
ECB, BOE Have Scant Leeway to Influence Bitcoin
While all macro decisions matter, the Fed is the most important as it drives the global policy. Source
Price analysis 2/4: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin (BTC) and Ether (ETH) are attempting to build upon their recent recovery as the U.S. equity markets try to resume their relief...
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation....
These tokens saw the biggest trading volume pumps last week. How could traders benefit?
An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity...
Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday Rally
Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies...
Blockchain startups grow as global VC funding generated $25.2B in 2021
Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights...
Bitcoin SegWit adoption lags among major exchanges: Glassnode
SegWit has come a long way since its first appearance during the 2015–2017 blocksize war. However, despite its relative success as a...
Bitcoin surges toward $39K as stocks volatility keeps Wall Street on edge
Bitcoin (BTC) kept investors guessing with tech stocks as Wall Street opened on Feb. 4, circling $38,000. BTC/USD 1-hour candle chart...
Bitcoin returns to $40K, liquidating over $50M of shorts in hours
Bitcoin (BTC) returned to $40,000 for the first time in two weeks during Feb. 4 as Wall Street volatility proved a boon for BTC bulls....
Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
The company formerly known as Facebook also reported 2021 revenue of $2.3 billion from the newly broken out division. Source
Blockchain Bridge Wormhole Suffers Possible Exploit Worth Over $326M
The popular bridge for connecting Ethereum, Solana and more is now attempting to negotiate on-chain with the hacker. Source
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to...
Bitcoin, Ethereum Technical Analysis: ETH up Nearly 10%, Crypto Markets Rally
Following two consecutive sessions of declines, cryptocurrencies rebounded on Friday, as markets prepared for the first non-farm payrolls...
SIDUS HEROES Receives Investment From Animoca Brands, Alameda Research, Bloktopia, OKEX, Polygon and Master Ventures
PRESS RELEASE. February 04th – Sydney, Australia: SIDUS HEROES, the play-to-earn, blockchain, MMORPG game, announced today that it...
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the...
Bitcoin Slides Below $38K, Support Is Above $35K
Bitcoin (BTC) remains in an intermediate-term downtrend since November. Resistance around $38K capped a brief price bounce, suggesting...
Market highlights February 4: Cosmos is the biggest top 20 gainer
The crypto market was seen higher over the past 24 hours, as all top 20 cryptos were in the green at the time of writing. Shares in...
Bitcoin price bounces after Amazon stock gains 15% in US tech comeback
Bitcoin (BTC) recovered much of its recent losses on Feb. 4, but concerns remained that a retest of $30,000 was incoming. BTC/USD 1-hour...
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the...
Top places to buy FORTH, the first ever rebasing cryptocurrency
FORTH is based on a novel premise. The native coin of Ampleforth (AMPL) Governance Token is unique in that the number of AMPL you own can...
Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip?
Immutable X describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains...
Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP
The live Quantstamp price today is $0.098 with a 24-hour trading volume of $58.8 million. Quantstamp is up 34.36% in the last 24 hours. If...
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from...
Valr Becomes Latest South African Exchange to Exit Crypto Arbitrage Market
Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of...
ADALend Sign the Contract With Robatz Network for the Cardano Native Decentralized Lending Protocol Development
PRESS RELEASE. ADALend and Robatz Network sign the contract for development of the decentralized lending protocol. Robatz Network and...
Crypto Asset Manager Grayscale Launches ‘Future of Finance’ ETF in Partnership With Bloomberg
Grayscale Investments has launched its first exchange-traded fund (ETF). The Grayscale Future of Finance ETF “seeks to invest in...
Microstrategy CEO on Mainstream Bitcoin Adoption: ‘I See Evidence of a Lot More Institutional Adoption’
The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited...
India Edges Toward Crypto Legalization With 30% Tax, Announces Digital Rupee
India's Finance Minister, Nirmala Sitharaman, made the announcements in a budget speech in parliament on Tuesday. Source
Hackers Move $3.55B Worth of Bitcoin From 2016 Bitfinex Hack
Bad actors will have a tough time cashing out the stolen bitcoin as most of them are blacklisted. Source
3 reasons why Telos (TLOS) price hit a new all-time high
It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and...
Crypto Startup Amber Group Acquires Japanese Exchange DeCurret
DeCurret is one of several exchanges struggling to make a profit in Japan. Source
Address Linked to Wonderland's Sifu Cashes Out $5.5M Worth of Ether
Sifu is an alleged serial scammer who has previously been convicted. Source
Alexis Ohanian’s VC Firm to Focus on Crypto With $500M Capital Raise
Ohanian’s 776 Management has raised two new funds and plans to make the majority of its future investments in crypto startups. Source
With ‘NFT All-Stars,’ Two Crypto Art Veterans Take the Conversation Further
Jason Bailey and Marguerite deCourcelle take the reins of CoinDesk’s newest show, which debuts today. Source
Cardano Developers Propose Block Size Increase
The proposal will increase Cardano’s block size to 80KB from the current 72KB in line with a broader plan for increasing network capacity....
Japan's Crypto Exchanges Body Considers Easing Rules for Token Listings: Report
Industry association Japanese Virtual Currency Asset and Exchange Association (JVCEA) has to approve token listings on exchanges. Source
Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say
The crypto bank plans to launch a stablecoin by the end of the year Source
SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms
A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the...
The best choice of stablecoin: Tether (USDT) vs USD (coins)
The volatility of most cryptocurrencies brought about the deployment of stablecoins. These assets are pegged to external assets,...
First Mover Asia: Bitcoin Is Flat in Muted Trading; Ether Declines
Good morning. Here’s what’s happening:Market moves: Bitcoin remained largely flat, while its spot volume reduced further.Technician's...
Sphere 3D Signs $1.7B Deal to Buy 60K NuMiner Machines
Sphere 3D, the data management firm that is merging with bitcoin miner Gryphon Digital Mining, has signed a deal with mining computer...
Render Token (RNDR) plunges by 15% in 24 hours despite outperforming the entire crypto market this week
Render Token (RNDR) has been a star performer in crypto over the last week or so. In fact, the coin has been outperforming the market,...
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320...
Tezos (XTZ) Continues to surge upwards as the chain announces a new sponsorship deal with Manchester United
Tezos (XTZ) is starting to put the choppy days of January well behind it. The coin has been surging over the last seven days despite...
Immutable X (IMX) price soars after GameStop partnership and new project launches
Nonfungible tokens (NFTs) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month...
Bitcoin bulls may ignore Friday’s $730M options expiry by saving their energy for $40K
The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United...
Who’s Using the Metaverse? Poker Players in Decentraland
In a metaverse often criticized for being devoid of things to do, the poker tables in Decentraland’s ICE Poker virtual casino have never...
Crypto derivatives volumes hit an all-time high in January 2022
Trading in derivatives increased 10% in January, hitting a new high amid speculation, data highlighted by CNBC’s Kate Rooney...
Best new coins to buy in February that could grow 100x this year
The thing with crypto is that fortunes can be made overnight. We saw it last year and we will see it again in 2022. The key is to however...
Quant ( QNT) surges to a 3-week high – Can this bullish momentum bring sustained gains?
Quant ( QNT) has been rallying over the last week or so. The coin managed to hit 3-week highs after losing much of its 2021 gains in...
Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit
PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech company and digital asset wealth management platform, has...
Market Wrap: Bitcoin Range-Bound as Altcoins Underperform
Bitcoin was stuck in a narrow range of between $36,000 and $37,000 on Thursday as some analysts remain cautious on speculative assets,...
Polygon (MATIC) remains above a crucial support zone despite plunging nearly 10% in less than 24 hours
Polygon (MATIC) has seen a sharp decline over the last 24 hours. The altcoin has however managed to trade above a crucial support zone as...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points...
The Battle to Change How the IRS Taxes Mining and Staking
This episode is sponsored by Nexo, Arculus and FTX US.Download this episodeTwo Tezos stakers sued the IRS to get back...
Decentraland rallies nearly 70% from January lows – But some indicators suggest a pullback is feasible
There are some signs right now that perhaps Decentraland (MANA) may be coming out of its bear market trend. The coin has rallied for the...
Boston Fed, MIT Publish Open-Source CBDC Software
The Federal Reserve Bank of Boston and MIT’s Digital Currency Initiative published open-source research software to support a...
Calling a Hack an Exploit Minimizes Human Error
Yesterday, beginning at 18:24 UTC, someone or something exploited a security vulnerability on Wormhole, a tool that allows users to swap...
Bitcoin Capped Below $40K Resistance; Support at $35K
Bitcoin (BTC) buyers and sellers are at a stalemate, evidenced by low trading volume and muted price action over the past few days.The...
US Lawmakers Reintroduce Bill to Provide Tax Relief for Small Crypto Transactions
A bipartisan group of U.S. House representatives has reintroduced a bill that would exempt consumers from paying taxes on crypto payments...
Muneeb Ali’s Trust Machines Raises $150M
Trust Machines, co-founded by Stacks founder Muneeb Ali and Princeton computer science professor J.P. Singh, has raised $150 million in...
OpenSea monthly volumes top $5B as NFTs continue to mainstream
In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and...
Crypto Options Trading Volume Surged in January as Prices Fell
January was a gloomy month for digital assets, but the crypto options market boomed.Deribit, the biggest crypto options exchange, wrote in...
Coachella Music and Arts Festival Partners With FTX US to Issue Solana-Based NFTs
The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the...
Coinbase Users Can Now Receive Tax Refunds in Crypto Through TurboTax Partnership
Cryptocurrency exchange Coinbase (COIN) is giving users the option to receive their tax refunds in crypto, the company announced in a blog...
Kanye West, NFTs and 'Building Real Products in the Real World'
Earlier this week, the American rapper and entrepreneur Kanye West implored people to stop asking him to do a “f***ing NFT.” There was...
Technical Analysis: Gamestop Partnership Sends IMX 35% Higher
Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership...
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology....
The Five Big Risk Vectors of DeFi
As the decentralized finance (DeFi) market grows, the subject of risk is taking center stage. DeFi holds the promise of automated,...
Jump Trading Backstops Wormhole’s $320M Exploit Loss: Sources
After one of the most devastating exploits in crypto history, the parent company for a popular cross-blockchain bridge has stepped in to...
Social Media Site Stocktwits Taps FTX to Launch Crypto Trading Service
Stocktwits is the latest online finance firm to add crypto trading in a bid to court users looking to branch out from traditional...
Solana price ‘bear flag’ paints $50 target as Wormhole hack exposes security hole
Solana (SOL) became one of the worst performers among the top cryptocurrencies on Feb. 3 as traders assessed its links with the...
Fighting Back Against Data Centralization
The internet has played a significant role in shaping the way people live today. Just about everything a person does with their lives is...
Crypto News Roundup for Feb. 3, 2022
This episode is sponsored by Kava.Today's Stories:Bitcoin Turns Lower From Bearish Trendline; Support at $35.5KTech Stocks Set to Drop...
India’s Prime Minister Modi: Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The...
Loopring Names CTO Steve Guo as CEO, Replacing Founder Wang
Loopring, an Ethereum-based project that helps developers to build decentralized exchanges (DEX), named Chief Technology Officer Steve Guo...
This metric shows Bitcoin is at its ‘4th most oversold’ level in history,’ says analyst
The entity-adjusted dormancy flow has historically been used to mark potential price bottoms in the Bitcoin market. Bitcoin continues to...