This Single Level Above $9,000 Is Crucial to an Even Greater Bitcoin Rally

Bitcoin has been on a stellar run over the past week, gaining 20%, according to data from Coin360.com. It’s a move that has brought the cryptocurrency above resistance level after resistance level, suggesting an uptrend is forming. Since peaking at $9,500 though, the cryptocurrency has slipped, with BTC now trading at $8,800 as of the time of this article’s writing. It’s a retracement that isn’t all too convincing of the bull case, an analyst has suggested. Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0…

Bitcoin Hash Rate Tag Hits New Record 8 Days From Halving

After the mid-March price crash led to a brief exodus of miners operating older hardware, the Bitcoin (BTC) hash rate posted a new all-time high (ATH) of more than 142 exahashes per second (EX/s) on March 3. The new record beats out the previous ATH of 123 EX/s posted on March 8. BTC hash rate tags new record 8 days from halving With Bitcoin’s third halving event roughly three weeks away, the BTC mining hash rate is against pushing into record highs.  BTC hashing power crashed 40% in two weeks…

Oscar-Winner’s Satanic Conspiracy Theory on COVID-19 and Crypto Goes Viral

Oscar-winning Russian director, Nikita Mikhalkov, has espoused a bizarre conspiracy theory on local television. He claims that Microsoft’s recent patent for a sensor-based cryptocurrency mining system using body activity data comprises the first-step in a satanic plot to microchip the human race. On an episode of ‘Besogan TV,’ which roughly translates to ‘demon basher TV,’ Mikhalkov claimed the patent number of Microsoft’s cryptocurrency system — WO/2020/060606 — alludes to the occult nature of the technology. “The 060606 part is somewhat alarming. You probably understand this, right? Is this a coincidence…

A Roundup of Virtual Blockchain Week

Over the past week, Cointelegraph has participated in Virtual Blockchain Week — a pandemic-proof crypto conference that invited participants from all over the world to join talks with some of Blockchain’s greatest luminaries. At the start of the week, famed venture capitalist, Tim Draper, doubled down on his prediction that Bitcoin (BTC) will reach $250K per coin by 2023. “That’s my prediction. Sticking with it. I’m very confident that that is going to happen.” said Draper, when pressed on the topic. He believes that massive commercial adoption around the world…

Hodler’s Digest, April 27–May 3

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin rally above $9,000 stalls as sellers push BTC back to key support What a week it’s been. After starting Monday at $7,650, Bitcoin surged through previously stubborn resistance levels to hit highs of $9,440. The gains mean the world’s biggest cryptocurrency has comfortably outpaced…

MoneyGram Reports ‘Quiet Quarter’ For Ripple Partnership

During an earnings call for Q1 2020, MoneyGram chairman and chief executive, Alexander Holmes, revealed that it was a “quiet quarter” regarding the firm’s partnership with blockchain payments company Ripple (XRP). Ripple first announced its “strategic partnership” with the Nasdaq-listed money transfer company during June 2019. The partnership’s initial term was set at two years, with Ripple providing a capital commitment of up to $50 million over 24 months in exchange equity. The announcement was also slated to see Ripple act as MoneyGram’s “key partner for cross-border payment and foreign…

MakerDao Brings Bitcoin to the Ethereum Blockchain

MakerDao governance, a decentralized community of MKR token holders that govern the Maker Protocol, has voted to pull Bitcoin onto the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, according to the official announcement on May 3. For the uninitiated, wBTC is the first ERC20 token backed 1:1 with Bitcoin. WBTC marks the fourth collateral asset type to be added to the MakerDAO DeFi ecosystem. The former three included ETH, BAT, and USDT. wBTC will now be able to open Maker Vaults in…

US Congress Considers Blockchain-Based Voting Amid COVID-19

A staff memo has revealed that the U.S. Congress is considering blockchain technology as a means for the Senate to conduct remote voting amid the coronavirus pandemic. The report states that blockchain may be deployed alongside end-to-end encrypted, or E2EE, applications to facilitate voting. The memo was composed after the Permanent Subcommittee on Investigations’ Roundtable on Continuity of Senate Operations and Remote Voting in Times of Crisis event.  The discussion came as the Senate prepares to reconvene this week. Senate considers DLT-based voting contingency The document states that Congress’ two…

Block.one Awarded Patent for DLT-Based Social Media Bidding System

Block.one, the company behind the EOSIO protocol (EOS), has been awarded a patent for a blockchain-based bidding system for promotional exposure tied to popular social media posts. The U.S. Patent and Trademark Office approved the patent on April 28. Block.one filed with the office during May 2019. The patent, which Block.one describes as means to incentivize positive feedback contributions among a social media community, describes a system where bidders can compete to have their profile displayed in a prime position on trending posts. “One way that posts achieve influence is…