Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain't seen nothing yet Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher. The data relates to the roughly four-year halving cycles in …

Kevin Durant, a two-time NBA champion, has launched a special purpose acquisition company (SPAC) to look at collaborating with technology-driven businesses, including cryptocurrency enterprises. The firm was established in conjunction with Durant's business associate Rich Kleiman. Durant, who was an early Coinbase backer, isn't done exploring the sector yet. His new SPAC company is planning to invest in crypto and blockchain-related businesses. The new SPAC, Infinite Acquisition Corp., which was formed on Nov. 3 according to its SEC filing, seeks to raise $200 million in its initial public offering. A SPAC is a company that was formed to combine with …

Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. BTC hodlers in "buy the dip" mode Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8am UTC. The pair saw a difficult 24 hours after hitting local highs above $64,000, finally bouncing at $60,000 in a brief but significant dip. The plebs continue to stack. — Dylan LeClair (@DylanLeClair_) November 4, 2021 While some suggested the price action was a gift to investors looking to add to their BTC stash before further upside, analysts were …

The price of Shiba Inu has fallen 11% after a series of transactions from the whale wallet that famously transformed a $3400 purchase last August into $1.55B. On November 2, the whale moved ten trillion, one hundred thousand Shiba Inu tokens to four separate wallets. Each transaction was worth approximately $586M USD, totaling about $2.3B USD. After the wallet was first identified, social media users speculated that the owner may have forgotten or lost their key, given the lack of activity in the wallet since last year. Remember when everyone was wondering if the guy who turned 8k$ into 5 …

Cryptocurrency charity platform The Giving Block has announced the launch of 15 new 'Cause Funds' to better direct donations to charities with similar goals and missions. The Giving Block was established to facilitate cryptocurrency donations to over 700 nonprofits around the world including Save the Children, Malala Fund and World Vision. The new Cause Funds “bundle together multiple nonprofits that have a similar focus or mission”, according to The Giving Block’s website, adding that the feature is perfect for those who want to support a specific issue or cause rather than organization. In this way, the funds enabled multiple charities …

The blockchain gaming ecosystem has seen explosive growth over the course of 2021 as nonfungible tokens (NFT) and the play-to-earn gaming model helped create new income opportunities for people around the world while also ushering in a new cohort of users to the cryptocurrency sector. One project involved in gaming and the building of the Metaverse is The Sandbox (SAND), a blockchain-based virtual world where users to create, build, buy and sell digital assets in the form of a game. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.70 on Oct. 27, the price …

Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high. Even with Ether on the path to $5,000, there are still plenty of concerns about the network's capability to absorb the strong demand coming from the decentralized finance (DeFi) and non-fungible token (NFT) sector. Another potential setback laying ahead is the United States Treasury report on stablecoin regulation released on Nov 1. The report stressed the necessity of Congress to "ensure appropriate federal prudential oversight on a …

It's no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. At time of publication, Axie Infinity has over 360,000 concurrent players. Based on data from ActivePlayer.io, while the U.S. ranks third in terms of active Axie Infinity players, all other countries on the list are developing nations. An estimated 40% of players are based in …

Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved. In futures markets, longs and shorts are balanced at all times, but having a larger number of active contracts allows the participation of institutional investors that require a minimum market size. However, in Polkadot's (DOT) case, price crashes have often been anticipated by this indicator breaking the $1 billion mark. The April 17 crash happened after DOT reached its $48.30 all-time high, which led to a $1.2 billion futures open interest. Over the following week, the …

Members of the EOS ecosystem, a blockchain designed to power decentralized applications, or dApps, are voicing their dissatisfaction with former developer Block.one. As a result, they have formed their own organization and elected new leadership in an effort to revamp the network. As accessed by Cointelegraph, Yves La Rose, the "community-elected CEO" of the novel EOS Foundation, gave the following prepared statement during a virtual conference: “There's no sugar-coating it, EOS as it stands is a failure. The last three years or so have been nothing but dwindling in terms of market cap and in terms of token value. When …

The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million to invest. SFC's deputy chief executive Julia Leung Fung-yee stated that the re-evaluation will be made "to see if it is still fit for purpose and whether modifications are required." Fung-yee, speaking at the 2021 Hong Kong Financial Technology Week conference, said …

Calls for the arrival of an altseason are growing louder on Nov. 3 after the price action for altcoins is on the rise and Bitcoin (BTC) price lingers at the $62,000 support level. At the moment, gaming tokens, supply chain-related projects and decentralized finance (DeFi) protocols are scorching hot and as shown below, many altcoins are posting double and triple-digit gains today. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were OriginTrail (TRAC), XYO Network (XYO) and Maker (MKR). TRAC gets a boost from the “Coinbase effect” OriginTrail is a protocol that …