DeFi adoption on the Binance Smart Chain reaches new highs

Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future.  While projects that operate on the Ethereum (ETH) network continue to deal with wild fluctuations in gas fees and transaction times, several that operate on the Binance Smart Chain (BSC) have seen an uptick in protocol activity and token value over the past week.…

Bitcoin’s grim close, Tesla’s crypto sell-offs, Ether’s jaw-dropping surge

Coming every Saturday, 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 bulls attack $57,000, and altcoins rally as April comes to a close A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a matter of hours. Highs of $58,448.34 helped to erase recent…

What are Bitcoin mixers, and why do exchanges ban them?

One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector.  In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable. Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind of Bitcoin Fog, a darknet-based BTC mixing service. Authorities were able to capture the operator after analyzing ten years of blockchain data. One doesn’t need to be a forensic analyst to know that every single…

Altseason indicator flips to Bitcoin even as Rally and Polygon surge

Crypto investors are scratching their heads this week, as a key indicator suggests that Bitcoin is about to take center-stage once more — even as Cointelegraph Markets Pro subscribers had the opportunity to take major profits on altcoins such as Rally (RLY), Polygon (MATIC) and Ampleforth (AMPL). Since Markets Pro was launched in January, the Altseason Analysis indicator has leaned heavily toward altcoins — and indeed, the performance of an evenly-weighted basket of the Top 100 altcoins has strongly outperformed holding Bitcoin since Markets Pro began tracking these metrics on…

Elon Musk, DOGE market maker? Meme currency pumps as SNL skit looms

DOGE is set to make its pop culture debut.  As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.”  The DogefatherSNL May 8 — Elon Musk (@elonmusk) April 28, 2021 Musk’s fascination with the digital currency dates back to last year, and…

Cardano Expands Influence in Africa, Sparking New Interest in ADA

Key Takeaways IOHK is developing a new blockchain to serve African nations. Ethiopia will be the first country to make use of the new protocol. Market participants seem to have welcomed the news as Cardano’s ADA token holds on top of stable support. Share this article The Cardano Foundation is making strides in expanding the utility of the ADA network. The organization recently revealed a new identity solution to improve the education system in Ethiopia. A Blockchain-Based National Identity IOHK, the development team behind Cardano, revealed a partnership with the…

Several factors power ETH all-time high push

After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways with its original proof-of-work consensus algorithm in favor of the touted energy and cost-efficient proof-of-stake consensus. While the technical details may not concern many day-to-day Ether (ETH) users and traders, the recent price action of…

Europe awaits implementation of regulatory framework for crypto assets

The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now, all eyes are on the European Union and its bespoke approach to regulating crypto assets. As part of an expansive digital finance package announced in September 2020, the European Commission, or EC, issued a regulatory proposal titled Markets in Crypto-Assets, or MiCA. The proposal is now making its way through the legislative process and…

China’s tech giants drive digital yuan adoption

While key central bank figures in the West like Jerome Powell and Christine Lagarde appear to be procrastinating on the subject of central bank digital currencies, China continues to make significant progress. China’s digital currency electronic payment project, or DCEP, helmed by the country’s central bank, continues to draw significant private sector participation. From tech giants, to e-commerce conglomerates, many of the major private sector firms are playing pivotal roles in the quest to create the digital yuan. DCEP testing also continues to expand, with trial runs via lotteries taking…