Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains. "No free lunch" for speculators Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility. The pair had moved up sharply on the back of U.S. inflation hitting its highest in 30 years, this combining with derivatives market reactions to produce uncertain price action. With $69,000 now the all-time high, some were fearful, while seasoned market participants took the opportunity to poke fun at the weak hands. "Why the BTC pullback from 68k? There …

A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field. Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter's ON1ON custody platform. OneDegree claims to be the first Asia-based insurance provider for digital assets, having insured $100 million in digital assets under HKbitEX's custody. Insurance demand for digital assets is growing and insurance and risk management for digital assets will boost investor confidence and help the market develop, according to OneDegree. Third-party insurance covers …

Bitcoin (BTC) and Ether (ETH) have again risen to a new all-time high on Nov. 10, indicating that the trend remains firmly in favor of the bulls. In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017. Bitcoin had rallied 220% in 4Q 2017 and if history repeats itself, Bitcoin could reach $96,355, which could potentially be this cycle’s top. Long-term holders, who have held their Bitcoin for more than 12 months, are reluctant to spend their coins, according to Glassnode’s “The Week On-Chain” …

Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network. Transaction volumes, the creation of decentralized applications, and the number of chains connected via IBC have all been trending upwards in recent months. Speakers at the Cosmoverse Conference, which took place last week, presented many of the latest technologies under development on the blockchain. Its biggest-ever hackathon will also take place in Lisbon tomorrow. #HackAtomVI is trending in the dev community! 1000+ …

Cryptocurrency markets rose to record highs on Wednesday, as investors continued to pile into Bitcoin (BTC) and alternative coins against a backdrop of surging inflation in the United States. The cryptocurrency market capitalization — an important barometer for the health of the digital asset class — reached a high of $3.11 trillion, according to Coingecko. The asset class has grown by a cumulative 20% over the past two weeks. Bitcoin’s price suddenly spiked above $69,000 through the morning session, marking a new all-time high. Ether (ETH) also touched new highs, peaking at around $4,870, according to Cointelegraph Markets Pro. One …

Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. Bitcoin, Ethereum "relentlessly up" Data from Cointelegraph Markets Pro and TradingView captured a snap change of direction for BTC/USD, which gained $2,000 in just 45 minutes. In step with various similar moves in recent weeks, Bitcoin not only reversed its previous short-term downtrend but eclipsed its previous record high of $68,564. New #Bitcoin all-time high! — Michaël van de Poppe (@CryptoMichNL) November 10, 2021 At the time of writing, the volatility was not done, as $69,000 came into view and with it the prospect …

In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that purchasers of carbon credits will be able to securely and directly fund NbS projects through the platform. The initiative, known as the Cambridge Centre for Carbon Credits, or 4C, is based in the Department of Computer Science and Technology and the Conservation Research Institute. Scientists and researchers will build the …

Bitcoin (BTC) remains bullish but has "one more leg down" to complete before a resurgence, one trader argues. In analysis on Nov. 10, popular Twitter account Crypto Ed said that the pullback from this week's all-time highs above $68,500 was turning out to be deeper than anticipated. Target $65,000 for Bitc "Going a bit deeper as I was expecting yesterday. Looks like it will do 1 more leg down to complete that ABC," he said alongside a forecast price trajectory chart. "Lines up with 2nd chart: taking out those lows and retest support. When bounce, going for 70k." BTC/USD could …

Zimbabwe's Minister of Information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified that the government of Zimbabwe is keen to experiment with a central banking digital currency (CBDC). The rumor about Zimbabwe’s crypto adoption was sparked based on numerous reports quoting Charles Wekwete, Permanent Secretary of the President’s office, saying that the government was in talks with the private sector businesses to help introduce cryptocurrency in the country. Just one day after the reports, Mutsvangwa took to a cabinet briefing to dismiss the ongoing crypto adoption claims: “Government …

Robinhood COO Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short term gain” of listing new tokens. Brown made the comments in an interview for the Crypto Goes Mainstream event streamed live on YouTube on Nov. 10. When asked about Shiba Inu (SHIB) she said: “One of my favorite things is seeing the community around these coins really engage with us and let us know what they want.” However Brown would not be drawn on whether the American stock and crypto trading app would list Shiba Inu. SHIB is currently the …

This week a number of contenders are set to participate in Polkadot's first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot parachain auctions follow the success of similar auctions on its sister network Kusama, where projects like Moonriver (MOVR) and Karura successfully secure a parachain slot for the next year. The Kusama parachain auctions began during a downturn in the wider crypto market and played a …

It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms that source liquidity from multiple DEXs, thereby providing better token swap rates with less slippage. The network has a 57.40% market share in the DEX aggregator industry and well over 820,000 users. According to CoinMarketCap, 1inch Exchange is the eighth-largest DEX in the world, …