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Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC is trading at $29,178 as the first digital asset seems to be preparing for a bearish movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $29,178 Bitcoin market cap – $566.8 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $35,000, $37,000, $39,000 Support Levels: $25,000, $23,000, $21,000 Despite carrying the highest market capitalization in the crypto market, BTC/USD seems to be waiting for an opportunity for a breakout in either a positive or negative direction. The first digital crypto is likely to cross below the 9-day and 21-day moving averages if the sellers increase the selling pressure. On that note, the Bitcoin price is likely to extend the bearish moveme...

Kraken’s editor and Bitcoin expert Pete Rizzo recently tweeted about Satoshi Nakamoto’s sudden disappearance after Bitcoin developer Gavin Andresen visited the CIA. It has created speculation about the timeline of Nakamoto’s vanishing. Exactly 12 years ago today, a #Bitcoin developer decided to visit the CIA. Satoshi Nakamoto was never heard from again. pic.twitter.com/L5XcAsSL8B — RIZZO (@pete_rizzo_) April 27, 2023 In Andresen’s notes from April 27, 2011, he stated that in 2011, the Bitcoin developer accepted an invitation to present about BTC at a CIA conference for the US intelligence community. He believed Bitcoin was already on their radar and saw it as an opportunity to discuss its potential benefits. Gavin Andresen’s notes from April 2011 Andresen believed Bitcoin’s goals are to create a better currency and efficient payment system and to give people more control over their finances. However, he didn’t see these as compatible wi...

“When you think about Bitcoin, it's potentially the largest country or one of the largest countries today. But it's digital in and it's spread out everywhere,” Jeff Booth told Cointelegraph. If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin venture fund Ego Death Capital and author of “The Price of Tomorrow.” Cointelegraph spoke to Booth to better understand–and visualize–the state of the Bitcoin movement in 2023.  Booth sat down to enjoy a pint and a chat about Bitcoin in Bedford, a small suburban town that has attracted Bitcoin advocates and key opinion leaders from all over the world. Booth commented on the emergence and resilience of the Bitcoin community in the 2020s decade and how people can get involved personally. Jeff Booth (right) speaks to Cointelegraph's Joe Hall Booth suggested that the Bitcoin community could usher in a fundamental change to the world if its members de...

The SEC Chairman has been accused of leading the Commission with his regulation by enforcement tactics, a system that has been called out by both lawmakers and leaders in the cryptocurrency ecosystem. Despite these criticisms, Gensler is unfazed, and maintains that the current SEC urities laws in the US are sufficient to guide the nascent Web3.0 world. advertisement Clarifying the misconception about most crypto assets receiving the tag of securities, Gensler said the definition of securities as given by Congress features 30 different things including stocks and investment contracts. The Investment Contract entails putting funds in a common enterprise with a reasonable expectation of profits derived from the efforts of others. Intermediaries for investment contracts are required to comply with securities laws & register with @SECGov. Instead, many crypto platforms are contending that their investment contracts are something else. Trendi...

In contrast to Bitcoin’s constrained proof-of-work (PoW) blockchain, the Polkadot blockchain permits cross-blockchain transfers of any kind of data or asset. Additionally, the project uses less infrastructure and enables more transactions per second. Polka DOT uses a nominated proof-of-stake (NPoS) blockchain, with a focus on the interoperability of parachains. The parachains are connected to, and secured by the Relay chain. The Relay chain is a flexible and scalable blockchain solution. Moreover, validators can validate both the Relay Chain and the parachains. The network supports trading, staking, bonding, paying transaction fees, and voting with the project’s native token, called DOT . How staking Polkadot works In Polka DOT staking, validators are nominated using DOT tokens in exchange for rewards. The complex NPoS mechanism allows nominators to choose the validators who are permitted to take part in its consensus protocol. Additionally, a network is considered to be more de...

Criticism Clouded Algorithmic Stablecoins Questions were raised in the past over a lack of collateral that supported the supply of stablecoins. advertisement In September 2021, billionaire investor Mark Cuban expressed doubts over the stability of algorithmic stablecoins. He felt stablecoins would be the first to get regulated citing the variance in the definition by product. “What is an algorithmic stablecoin ? Is it stable? Do buyers understand what the risks are? It needs standards.” He made the comments in the backdrop of losing money in IRON token, which is partially backed by collateral like BUSD, USDT and partially backed algorithmically. FRAX, another algorithmic stablecoin which is designed to adjust its collateral levels as per demand for its own currency, is also partially collateralised. What Are Algorithmic Stablecoins? The World’s first licensed Crypto Casino. Begin your jo...

Solana said that both the new as well as existing projects can apply for the grant. The Solana Foundation believes that the blockchain’s high throughput and scalability offer a unique opportunity to build new ideas using artificial intelligence. advertisement “These grants are meant to encourage the Solana ecosystem to explore new use cases of these novel technologies,” they added. However, to be eligible for the grant, the tool of dApp built atop the Solana blockchain should meet three criteria: It should be publicly available for others to use. It should be open-sourced when launched. It should have a source code that is always available to the Solana Foundation. Solana Implements the ChatGPt Plugin As we know, the introduction of OpenAI’s ChatGPT has created a major uproar in the global tech industry. ChatGPT is slowly turning into everyone’s go-to place for finding new and interesting stuff as well as the answer to most us...