“Cryptocurrency is just one use case for blockchain,” Karen Ottoni, director of ecosystem at Hyperledger, told Cointelegraph in an interview during Paris Blockchain Week. The list of blockchain-applicable ideas is numerous and growing, including “supply chain and trade, finance and capital markets, tokenizing green bonds and tokenizing real estate.” Hyperledger Foundation's bread and butter is to support the development and deployment of its open-source enterprise-grade blockchain technologies for projects such as “managing food, fish, diamonds, minerals — the supply chain,” Ottoni told Cointelegraph. While Hyperledger works in every industry, its impact on climate change and climate action is what most …

Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls' latest advance. Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 on April 22 after volatility during the latest Wall Street trading session. April 21 had seen United States markets react sharply to "surging" Treasury yields, the Nasdaq 100 dropping 2% and taking highly-correlated crypto down with it. US stocks fall in a dramatic reversal as yields surge. Nasdaq 100 drops 2% as US 10y yields jump by 7bps to 2.9%. pic.twitter.com/vlgaW9F62C …

STEPN (GMT) has rallied strongly against the United States dollar this week as it looks likely to form a classical bullish technical pattern called “the bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3.00. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of it to the upside. That is precisely because traditional analysts consider strong run-ups, followed by range-trapped price corrections, as bullish continuation setups. And, …

Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout. A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Steem (STEEM), TrustSwap (SWAP) and 0x (ZRX). Binance lists STEEM The community-focused blockchain network Steem is the underlying chain for the social media platform Steemit, …

Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin (BTC) and Avalanche (AVAX). One project that appears to be following Terra's lead is Origin Protocol (OGN), a platform focused on NFTs and decentralized finance. Data from Cointelegraph Markets Pro and TradingView shows that over the past month, the price of OGN has rallied 143% from a low of $0.25 on March 10 to a daily high of $0.725 on April 19. Three reasons for …

Proof-of-stake blockchain protocol Algorand will implement a smart contract that will automate the offsetting of the network’s carbon emissions. In a recent announcement, Algorand revealed that a new smart contract would take a portion of each transaction fee within its blockchain network and automatically process it to purchase verified carbon credits at ClimateTrade, a blockchain-based carbon offset marketplace. According to Algorand Foundation CEO Staci Warden, the move will allow the network to scale while still being carbon negative. Warden told Cointelegraph that the smart contract will ensure that their blockchain remains eco-friendly in the long-term and hopes that other firms …

Binance, the world’s largest cryptocurrency exchange, released a new Binance Emoji on Twitter that users noticed bore a striking resemblance to a swastika. On Wednesday morning, Binance CEO, Changpeng “CZ” Zhao retweeted Binance’s original post, adding “#binance” to show off the new emoji. The original posts, which have since been deleted, were quick to do the rounds on Twitter in the form of screenshots, where users immediately began criticizing the resemblance. The new Binance emoji is a literal swastika pic.twitter.com/lCOuWuPnyF — mann0000.eth (@nftshare) April 20, 2022 Smaller Twitter account Nftshare posted about it to their 300 followers, which gained more …

In a statement posted by Shiba Inu (SHIB) Metaverse developers late Tuesday, it appears that a user's wallet address has been blacklisted for drawing a swastika using the project's Metaverse land. The team at Shiba Inu wrote: "SHIB: The Metaverse will place the the wallet identifying the [hate symbol] violation on a blacklist, meaning it will never be able to participate in any and all areas of the platform." The ordeal began on April 12 with the launch of the Shiba Inu Metaverse land sale, with approximately 36,000 out of 100,000 plots up for grabs. Via Shib.io, crypto enthusiasts who …

The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the S&P 500 is struggling to build upon its strong rally on April 19. This indicates that Bitcoin remains tightly correlated with the U.S. equity markets. Irrespective of the lackluster price action, research projects several positives for Bitcoin this year. A report by Insider Intelligence shows that the number of adult crypto users in the U.S. could surge from 28.3 million in 2021 to 33.7 million in 2022. Along with the …

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a "rising wedge," the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after testing the wedge's lower trendline as support. This …

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network. PoS is one of the most popular mechanisms that allows blockchains to validate transactions and it has become a credible consensus mechanism alternative to the original proof-of-work (PoW) used by Bitcoin. Miners require a lot of computational power to carry out the energy-intensive PoW, while PoS requires staking coins as collateral to validate blocks and verify transactions, which …

ApeCoin (APE) price has exploded higher on anticipations that it would become a de-facto payment token in an upcoming metaverse land sale. APE price swelled nearly 28% in one day to reach over $17 per token on April 20. The rally came as a part of a rebound from three-day lows under $11, resulting in a 55% gain. BAYC land airdrop A rumor circulating across social media platforms since April 18 suggested that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs may receive virtual lands on the Yuga Labs' much-anticipated "Otherside" metaverse …