Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K

Bitcoin bulls finally pushed the price above $8,500 and the 50-DMA but bulls now need to take out the $8,500-$8,650 level in order to reach the next target at $8,800. As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. Source: Coin360 Earlier in the…

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The Decade of the Consumer–Citizen Governance Dilemma

How can currency, and its value for its holders, sustainably play out over the next decade? We see three forks in the road ahead of us. The health of a democratic nation’s currency is shaped by two forces: monetary policy, set by its Central Bank; and fiscal policy, set by the state’s ruling government. The thrust of it is that currency and politics are bound together, whether we like it or not. But that’s old news. Citizens of the cryptosphere are already aware of this, as many members of the…

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Digital Courts Trial Decentralized Justice, Real World Weighs Verdict

Can blockchain-based Aragon Court deliver legally-binding rulings? Imagine a future where conflicts and legal disputes are no longer settled between the four walls of a courtroom but by anonymous jurors of a blockchain network. The concept seems far-fetched, but it is already a reality as a result of some forward-thinking projects that are using the power of decentralized smart contracts and participants that are incentivized to make rulings as jurors. Kleros, a blockchain dispute resolution system, is already operational, and it has sparked heavy debate around blockchain technology and its…

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More Than 77 Crypto Projects Claim to Be Backed by Physical Gold

The last few years have seen the creation of blockchain projects that claim to have tokens backed by physical gold. In October, Coinshares and Blockchain.com launched a digital gold token (DGLD) backed by physical gold that uses BTC’s security. Tether just announced a new token called tether gold (XAUT), which will be listed for trading on Bitfinex. The company that created the dominant stablecoin USDT claims a single XAUT token represents one troy fine ounce of gold. Also read: Data Shows $25 Billion Worth of Bitcoin and Ether Held by…

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Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26

Catch up on all the gossip from the World Economic Forum, and find out what Elon Musk *really* thinks about cryptocurrencies. 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 World Economic Forum debuts framework for central bank digital currency It was a c-c-c-cold week in Davos, but Cointelegraph’s reporters wrapped up warm to…

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Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…

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Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban

While the Indian Supreme Court hears arguments regarding a ban on banking services for crypto business, the prime minister awarded a crypto app developer. India’s Prime Minister Narendra Modi awarded young entrepreneur Harshita Arora, the developer of a cryptocurrency price tracking application, amid an ongoing battle in her home country over the status of cryptocurrency. In a tweet on Jan. 24, Modi said that Arora’s “passion towards science, technology and human welfare are clearly visible.” She received the Bal Shakti Puraskar 2020: an award recognizing youth’s contributions in the fields…

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Hawaii Introduces Bill Authorizing Banks to Offer Crypto Custody

Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes. The Hawaii State Senate has passed the first reading of a bill authorizing banks to hold digital assets in their custody. The bill was introduced on Jan. 17 by five state senators, including the only Republican member of the Senate, Kurt Fevella. It passed the first reading on Jan. 21 and was then referred to the committees on Judiciary and Commerce, and Consumer Protection and Health on Jan. 23. The bill specifies the set…

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Elon Musk Reveals His True Opinion on Bitcoin and Crypto

Elon Musk finally revealed his nuanced stance on cryptocurrencies, saying that they could be a valid replacement to cash and its usage in illegal transactions. After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he…

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Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC

Coinbase is by far the biggest exchange hoarder of Bitcoin, with second place Binance having holdings totaling only around 250,000 coins. United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry. According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC ($8 billion) as of Jan. 1. Coinbase weeks away from 1 million BTC If current growth continues, the company will reach the 1,000,000 BTC mark by…

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