Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.
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Hodler’s Digest, Aug. 12–18: BTC Premiums, Coinbase Blow, Binance Revival
Coming every Sunday, 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 WeekPremiums for Bitcoin in Hong Kong and Argentina despite price slumpBitcoin (BTC)…

VC calls Ethereum killers ‘toothless’ based on token allocation to insiders
Only two of Ethereum's recent competitors had a "fair launch" according to the specified criteria. 1653 Total views 25 Total shares Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders:Source: Twitter.Adams was referring to a recent Messari report, which summarized the token distribution for…

Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash
Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year. 4941 Total views 20 Total shares Bitcoin (BTC) has performed "very well" as traders send more coins to exchanges than at any time since the March 2020 crash.Data from on-chain monitoring resources…

Polygon eyes record high as MATIC’s 150% price rally activates textbook bullish pattern
Polygon's native asset, MATIC, tests its June resistance level near $1.51 for a bullish breakout setup. 1123 Total views 179 Total shares A recent price rally in the Polygon (MATIC) market pushed its prices above $1.56 for the first time in more than two months.In detail, the MATIC/USDT exchange rate rose 20.65% in just two…

This Altcoin Has Thrived Amid Global Lockdown, Seeing 102% Growth in 28 Days
Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum. From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14…

Report: Ethereum’s Gas-Guzzling Suspected Ponzi FairWin Funds at Risk
The biggest Ethereum contract in the industry, dubbed FairWin, is allegedly putting user funds at risk and continues to guzzle a major amount of gas on the network.Multiple crypto social media users have been analyzing what they believe to be the fastest-growing Ponzi scheme on Ethereum. On Sept. 27, blockchain developer Philippe Castonguay warned:“The http://FairWin.me…

Singapore to become Asia’s next crypto hub with 'risk-adjusted' regulation
Singapore’s crypto-friendly regulations and doubling of licenses in 2024 position it as a growing hub for blockchain innovation.

Crypto investor protections in EU won’t take effect until late 2024
Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late as July 2026, the ESMA said. 162 Total views 1 Total shares Cryptocurrency investors in Europe are not yet protected under European Union cryptocurrency asset market rules and it will take some time for the