WisdomTree Grows a Stablecoin Today to Nurture a Crypto ETF Tomorrow

The news that WisdomTree, a major asset manager with $63.8 billion in assets under its belt, plans to launch a regulated stablecoin — pending approval from the United States Securities and Exchange Commission — could be a significant development. It would bring a unique combination of being an enterprise level and having financial regulatory experience to the stablecoin arena — and if talks with the SEC go well, perhaps even the first U.S.-regulated crypto exchange-traded fund. The stablecoin will be pegged to a basket of assets such as gold, fiat…

Crypto News From Japan: Jan. 13-17 in Review

This week’s news from Japan included additional comments against crypto trading from China, Binance’s potential involvement in Japan, positivity from the International Monetary Fund (IMF), more crypto exits from European Union (EU) regions, and stablecoin positivity from France. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. China reaffirms its stance against crypto trading Crypto-hostile China has once again confirmed its ban on crypto asset trading, according to comments from Beijing’s director of Financial Supervisory Administration Huo Xuewen. “Virtual currencies cannot be used as…

Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

Recently, the cryptocurrency mining community has been shaken with rumors of Chinese miners leaving Iran — where crypto mining is authorized as an industrial activity — for Central Asia. The move has ostensibly been taken in an attempt to find a new safe haven amid the tensions between the United States and Iran, as well as rising oil and energy prices. Iran’s attraction for crypto mining operations lies in subsidized electricity rates — as of July, 0.7 cent per kilowatt-hour (kWh), — which had purportedly even prompted miners from mining…

Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

Bitcoin (BTC) price sees a tremendous start of the year as it surged 25% year-to-date. Not only has Bitcoin been flourishing over the past few weeks, but altcoins have also been following along. Will Bitcoin continue the upward momentum, or is it a temporary top close? Crypto market daily performance. Source: Coin360 Bitcoin breaks the 7-month downtrend The price of Bitcoin broke through the downtrend a few weeks ago, which marked the possible end of the downwards pressure. The slight test of $7,600 confirmed this breakout, after which price continued…

‘Weak Hands Are Out’ — Trader Who Called $20K Bitcoin Top Calls Bottom

Bitcoin (BTC) investors who are waiting for a price dip to even $6,000 have “missed” their opportunity already, veteran trader Peter Brandt says. In a market discussion with Cointelegraph on Jan. 17, the 40-year market stalwart said that contrary to what some believe, BTC/USD has already hit its floor. Brandt: “The weak hands are out” “They all now want to sit and buy a break back to $6,000 or $5,000 and they’ve missed the bottom — and during that bottom, I think you had a lot of people accumulate with…

Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys

Controversial altcoin Bitcoin SV (BSV) has crashed 17% overnight after its main proponent failed to prove he has access to $9 billion in Bitcoin (BTC). Data from Coin360 and Cointelegraph Markets confirmed a difficult 24 hours for BSV holders, who saw huge gains over the past week as Craig Wright’s court case delivered fresh revelations.  Wright evidence “did not include” BTC keys After Wright had promised to prove he was the controller of funds linked to Bitcoin creator Satoshi Nakamoto, BSV — the hard fork of BTC he claims is…

New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

This week saw Bitcoin price (BTC) hitting the $9,000 barrier amid the launch of CME Bitcoin options and Plaid’s acquisition by Visa, reaching a record price for the last two months.  Bitcoin’s 27% price gain since the beginning of the year along with the future bullish scenarios laid down by investors may attract new crypto holders. But since BTC/USD is traded 24/7, new investors may be wondering: is there a difference between investing on a particular day of the week? Figure 1. Crypto market data, 1-day performance. Source: Coin360 The…

This Month Will Critically Decide Whether Bitcoin Enters a Full Blown Parabolic Rally or Not

Bitcoin is technically still in a bearish trend. It is down by more than 30 percent since the 2019 yearly high when it surpassed $13,000. This month will decide whether BTC enters a new extended bull market or falls back into a bear market. It all depends on the monthly close of bitcoin on January 31, 2019 For the first time since July 2019, the bitcoin price is set to end a full month with a higher low. For six consecutive months, the bitcoin price recorded a lower low, which…

It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs

The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests. Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at the time. Bitcoin hash rate (1-day moving average) versus price. Source: Glassnode Consensus on BTC hash rate record Hash rate refers to the amount of computing power miners are using to validate the Bitcoin…

Ethereum 1.x Devs Focusing on ‘Stateless Clients’ to Curb Chain Bloat

While Ethereum continues to develop the next stage of its evolution with the sharding-enabled Ethereum 2.0, a group of developers will focus on the existing chain to maintain its operability during the transition.  Dubbed Ethereum 1.x, the project’s goal is to maintain Ethereum’s (ETH) usability while the Serenity upgrade is being worked on. As explained in a Dec. 10 blog post by Ethereum Foundation (EF), the new version is still years away: “Our story begins with a realization by core developers that the final phase of the Ethereum roadmap, ‘Serenity’,…