Jealous brother claims twin earned $10M in Bitcoin

Many late adopters of Bitcoin often lament the fact they missed out on the chance to purchase coins when the price was under $1,000, $100, or even $1. However, one Redditor says his own situation is even worse as he’s forced to compare his “dumb” decision to invest in silver against his twin brother’s much wiser decision to back Bitcoin.  The story — which may be apocryphal given the source is a throwaway account named “TheDumbTwin” — claims the two brothers each received a $100,000 inheritance in 2013 but took…

Bitcoin price consolidates as traders contest the $18.2K to $19.5K range

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500.  The 1 and 4-hour charts show the price compressing into a pennant-like structure and break out from the pattern would likely see the price move to the $19,400 level where is a bit more resistance. BTC/USDT 4-hour chart. Source: TradingView A breakthrough the pennant would also suggest that the $19,000 level could now function as solid support and if bulls…

Ampleforth Makes Surprise Expansion Beyond Ethereum

Key Takeaways Ampleforth is set to launch on Polkadot, NEAR, and TRON. It will also continue to run on Ethereum. This makes AMPL a blockchain-agnostic cryptocurrency. The announcement comes as Ethereum attempts to solve its congestion issues and high transaction costs. Share this article Ampleforth will bring its Ethereum-based stablecoin to three other blockchains, according to an announcement from the team. AMPL to Expand Within Months Within the next few months, the AMPL token will be available on NEAR, TRON, and Polkadot’s Alcala parachain. Though Ampleforth will still be available…

Million-dollar startup taps Algorand to fight climate change

Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance.  Climatetrade announced Wednesday that it has selected the Algorand blockchain to power its carbon offsetting marketplace, which is designed to help organizations achieve CO2 neutrality — a key pillar in the fight against climate change. Climatetrade is building on Algorand for its “flexible architecture, low transaction fees and scalability of transactional performance,” according to CEO Francisco Benedito. Algorand is the 49th largest cryptocurrency project…

Broccoli and Bitcoin, a holiday love story

Crypto broker Bitcoin Suisse recently installed a blockchain-related Christmas advertisement in the  Zurich Main train station in Zürich, Switzerland. The ad, which is largely indecipherable to non-native speakers, involves a piece of broccoli, a shoe, and one lone Bitcoin (BTC). The text above the images reads Neujahrsvorsätze, a German word meaning “New Year’s resolutions.” Unsatisfied with the printed description for this seemingly non-sequitur string of objects, Cointelegraph reached out to Bitcoin Suisse for further clarification. Marc Baumann, the company’s head of marketing and communication, explained: “You can eat healthy, you can…

Trader Claims XRP is Poised to Rip to $1.00 as Airdrop Hype Mounts

XRP has been caught within a tight consolidation pattern throughout the past few days, with its recent parabolic rally slowing down as bulls struggle to break above the resistance in the upper-$0.60 region. The recent rally seen by the cryptocurrency came about after it broke above a long-held trading range between $0.20 and $0.30 that persisted for multiple years. One trend that gave the crypto room to rally was the fact that Ripple – the company that is closely associated with the XRP token – stopped offloading their holdings each…

If Tesla Was A Soufflé, It Would’ve Already Collapsed

Elon Musk has warned Tesla employees about risks to their stock price. Likening TSLA to a soufflé, Musk fears a “sledgehammer” should their future profits come into question. Tesla stock fell 4% at the open of trade on Wednesday. A leaked email from Elon Musk to his employees suggested the billionaire fears any damage to the company’s future-profits would crush TSLA stock like “a soufflé under a sledgehammer.” Here’s why Tesla’s more like a diamond than a dessert. Musk Is No Stranger To Bearish Talk Elon Musk is a different…

PayPal CEO Is “Bullish” on Many Cryptocurrencies

Paypal CEO Dan Schulman endorsed cryptocurrency during a web summit today and expanded on his company’s plans for the future. PayPal CEO Praises Crypto During the web summit, Schulman heaped praises on the advantages that cryptocurrencies bring to the world of FinTech. He believes that digital currencies can bring down the cost of payments and enable the broader inclusion of people from less fortunate areas of the world. Schulman concluded that he is “bullish on digital currencies of all kinds” in the long run. He also suggested that the COVID-19…

Ten Different Bearish Divergences Stack Against Bitcoin, But Drop Has Yet To Arrive

Bitcoin has been unstoppable from Q2 2020 on, bringing the asset to a new all-time high and restoring interest and bullish momentum in the cryptocurrency market. But as the most dominant crypto asset in the space continues to climb with very few corrections in between, ten of the most widely used technical indicators are now giving bearish signals, by way of a divergence between the tool and price action. Here’s why this could bring with it the first major crypto crash since Black Thursday. Remembering 2020: The Year Of The…

Ethereum 2.0 still has a long road ahead, MEW founder says

Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2.  “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding: “Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go through a lot of iterations similar to phase 0 and tons of bug…