Basic Attention Token (BAT) rallied to a new record high on Nov. 26 even as global markets plunged in tandem on fears about a highly mutated variant of Covid19 detected in South Africa. BAT's price surged over 30% on Friday to reach $1.88 for the first time in history, with its market capitalization rising to $2.74 billion. Its climb appeared in contrast to the cryptocurrency market that lost up to nearly $283 billion in the same period. BAT snubs crypto crash Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, led the losses by falling by as much as 7.5% …

Ethereum's native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency's run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery. According to data provided by Crypto Watch, the 30-day correlation between Bitcoin and Ether came out to be 0.81. That shows an 81% …

Medical services company MDS Mexico has launched a rapid COVID-19 testing service that uses blockchain technology to verify results. According to a Sunday report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are delivered physically and feature a QR code that can be scanned to verify the results and access a patient’s vaccination history on MDS Mexico’s blockchain. MDS stated that it adopted blockchain to safeguard the results of clinical tests, protect patients' personal data and prevent the falsification of COVID-19 test results. …

The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s financial stability department, the Bank of Russia is polling local cryptocurrency investors to estimate cryptocurrency investment volumes in Russia. “We need to work both on data and raising public awareness about the risks of such investments, which are backed by nothing,” Danilova said in a Reuters interview published on the Bank of Russia’s official website on Thursday. The official …

Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted Mike McGlone, senior commodity strategist at Bloomberg Intelligence, on Aug. 23. The financial analyst cited the consistently lower yields offered by the 30-year U.S. Treasury note to explain his upside prediction. He noted that if its rate of return persists below 2%, it could enhance the price discovery stage for Bitcoin while posing a competitive advantage for traditional safe-haven assets like gold. #Bitcoin, #Gold & Long #Bonds: Three Amigos for …

Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching a $119 billion market cap. The volatility of crypto has attracted more conservative investors to asset-backed stablecoins. Stablecoins are a form of private money. As Christina Segal-Knowles, executive director for financial markets infrastructure at the Bank of England, points out, modern money is a combination of public and private funds, up to 95% of which …

Shidan Gouran of Gulf Pearl: Shidan is a co-founder of Gulf Pearl, a Canadian merchant bank and advisory firm with a focus on emerging technologies. “With respect to blockchain technology, the ability to easily move wealth from one country to another and to prevent seizure of assets due to belonging to a particular religious, political, social or ethnic group is a very powerful feature that public blockchains can enable. All truly democratic countries should implement safeguard measures against the potential of a tyrannical government formation because no system is perfect. I believe digital bearer instruments enabled by blockchains are one …

With counterfeit Australian coronavirus vaccination certificates circulating online, local experts are calling for the national rollout of a blockchain-based vaccine passport to ensure the efficacy of the country’s “Covid certificate” system. A report in The Australian cites fraudsters who claim to have sold more than 200 fake COVID-19 certificates for $120 or more each while receiving interest from at least 900 other prospective customers. The fraudsters promote their products as being so convincing that “You’ll be the only one to know you’ve not been vaccinated,” claiming that they can arrange for doctors to enter false vaccination records into the Australian …

Just $20 million of the $1 billion in cryptocurrency that Ethereum co-founder Vitalik Buterin donated to a COVID-19 relief fund in India has so far been cashed out and distributed to aid recipients. Figuring out why the process is not as frictionless as crypto users would hope is the focus of a recent interview with the fund’s founder, Sandeep Nailwal. Cointelegraph readers will recall that this May, Buterin’s decision to liquidate several of his meme coin positions and donate the proceeds to various charities had prompted panic and admiration in equal helpings. Panic, firstly, set in among those traders who …

Contrarian investment firm Horizon Kinetics is advising investors to seek exposure to crypto assets amid mounting global economic challenges. Speaking to the Financial Times, Horizon co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection point for the world economy, predicting: “There is no turning back after the pandemic and globally there is a debt problem and it means either default or currency debasement.” Horizon’s Paradigm fund made a 1% allocation into Grayscale’s Bitcoin Trust in 2016, with the investment now representing 10% of the fund’s portfolio. “People should have exposure to the asset class,” …

The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin's price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist for a little bit longer due to the strengthening dollar, the possibility of decreasing economic stimulus and a slew of technical factors connected to Bitcoin's price action. A strong dollar threatens Bitcoin's recovery According to data from Delphi Digital, one of the biggest factors placing …

Bitcoin (BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020's crypto market crash. Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and in 2020, its invalidation as price floor has contributed to pushing the Bitcoin market into severe bearish cycles. For instance, the 50-week SMA acted as support during the 2018 bear market. The wave helped prevent Bitcoin from undergoing deeper downtrends — between February 2018 and May …