‘Make or break’ for Bitcoin, Binance under pressure, Strike attacks Coinbase

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 mining difficulty just fell by a record 28% — but will this help prices recover? Bitcoin has recorded its biggest mining difficulty drop of nearly 28%, but one model suggests prices will not bottom until October. The drop is in response to the…

The $500 million bet on ETH 2.0 making waves! June 24-July 1

Whales can be bashful and clever creatures, but when you manage to catch one in action it’s a sight to behold — consider, for instance, the single entity responsible for depositing 100k ETH into the Eth 2.0 deposit contract from 133 different addresses last week. Deposits into the ETH 2.0 staking contract have been picking up as of late, with 100k ETH pouring into the Eth 2 deposit contract on a single day last week. It caught the attention of the crypto space and, like most stories about on-chain activity, looking…

Cryptocurrency and the rise of the user-generated brand

In the whirl of excitement and debate over where cryptocurrencies are going and whether they are legitimate, sustainable and prudent investments, there is an overshadowed conversation of interest to those in marketing: Are Bitcoin (BTC), Ether (ETH), Cardano’s ADA, Litecoin (LTC), XRP, Dogecoin (DOGE), etc., crypto brands? And, if so, how are those brands created, and what role do they play in each coin’s adoption? Or, for that matter, how does branding collectively contribute (or detract) from the legitimacy of a cryptocurrency as it seeks increased mainstream acceptance/use? Related: Decentralization…

To change the art industry, NFTs must be more secure

2021 has already seen a number of eye-catching milestones reached for the nascent nonfungible token (NFT) market, which has seen an increase in value of 2,100% from Q4 2020, with consumers spending over $2 billion. While headlines have been dominated by record-breaking sales, what’s often overlooked is the growing demand from new investors. According to NonFungible, which tracks NFT transactions, there were 73,000 NFT buyers and 33,000 NFT sellers in Q1. Although these numbers may seem impressive, they are in fact relatively small compared to the global art market, which…

London fork enters testnet on Ethereum as difficulty bomb sees delay

The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559.  Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one of the important steps in the roadmap to implement a proof-of-stake (PoS) consensus on the Ethereum network, also known as Ethereum 2.0. The London upgrade brings five EIPs that are going to be deployed on…

Crypto Briefing’s CB10 Index Outpaces BTC in Q1, Q2

Key Takeaways The sixth rebalancing of Crypto Briefing’s CB10 was carried out at 10:00 EST on Jul. 1. Bitcoin was the only cryptocurrency to see a positive allocation during this month’s rebalancing. Solana replaced Polygon in the top ten index. Share this article The half-yearly gains of Crypto Briefing’s CB10 index have outperformed Bitcoin despite the market’s negative trend in the last two months.  CB10’s Performance in the Crypto Market  Crypto Briefing’s experimental index of the top ten cryptocurrencies by market capitalization has closed in the red for a second…

DeFi proved resilient during the March 2020 and May 2021 market crises

As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite conveniently forgot that the price of Bitcoin has experienced a 533% increase since the third halving happened in May 2020.  Given the number of people claiming the crypto bubble has burst — including former U.S.…

Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks?

Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency’s spot prices has turned into a hotly debated topic among the analysts in the space. Grayscale’s premium remains negative for months  The argument concerns Grayscale Bitcoin Trust, the world’s largest digital assets manager that allows institutional investors to gain indirect exposure in the Bitcoin market through its product, GBTC. Investors purchase GBTC shares directly via Grayscale in daily private placements by paying in either Bitcoin or the U.S. dollar. Nevertheless, investors…

Trustless bridges may be the key to blockchain interoperability

Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized finance faces a major hurdle: a lack of interoperability. Meanwhile, decentralized applications (DApps) — the fruits of decentralization — are being held up. DApp developers face difficulties while transacting between different blockchain networks, and the reason behind this is they are stuck in the Ethereum ecosystem.…

Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?

Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip is not over. Bitcoin network hash rate 7-day average. Source: Blockchain.com Hash rate model: Long road ahead to Bitcoin bottom Bitcoin mining difficulty dropped by an estimated 27.94% on Saturday at block height 689,472, the biggest…