Bitcoin price descending channel and loss of momentum could turn $60K to resistance

[ad_1] Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel.Bitcoin price in USD at Coinbase. Source: TradingViewAmong the factors limiting the rally

Inside the blockchain developer’s mind: What is a testnet?

[ad_1] Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance.Blockchain testnets are an

Will Halloween NFTs be hauntingly good or too spooky for crypto?

[ad_1] Halloween is traditionally known for costumes, candy and trick or treating, but this year, the holiday is transitioning to the virtual world as the metaverse unfolds. As such, nonfungible tokens, or NFTs, are being created to showcase Halloween themes in hopes of attracting collectors looking for themed drops. Although Halloween-inspired NFTs appear to be a new concept, NFT artist Etsploit told Cointelegraph that Halloween holds a certain cultural importance that

What is the worst nightmare that could happen to crypto? Experts answer

[ad_1] Amanda is the chief people officer at ConsenSys, a global community of developers, businesspeople, programmers, journalists, lawyers and others made to create and promote blockchain infrastructure and peer-to-peer applications. “My worst nightmare is to wake up in five years and realize the crypto industry has become just like the ‘old Wall Street’ — an exclusive industry. The crypto ecosystem is a unique opportunity to build a more inclusive global

Bitcoin set for record monthly close with BTC price still below ‘worst case scenario’

[ad_1] Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRecord monthly close hangs by a threadData from Cointelegraph Markets Pro and TradingView showed lackluster price action on Sunday, with BTC/USD below the "worst case scenario" for its October close.Analysts were eagerly awaiting to see if the end of the month could provide

Bitcoin white paper turns 13 years old: The journey so far

[ad_1] The 13th birthday of the Bitcoin (BTC) white paper has crept up just as the world continues to deal with a global pandemic, inflation fears, an astounding memecoin mania trend and growing institutional adoption of the cryptocurrency space.On October 31, 2008, Satoshi Nakamoto released the Bitcoin white paper to a cryptography mailing list hosted by Metzdow. The Metzdow mailing list was run by a group of cypherpunks and was filled

6 Questions for Yoni Assia of eToro – Cointelegraph Magazine

[ad_1] We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Yoni Assia, the co-founder and CEO of eToro.Yoni Assia is the co-founder and CEO of eToro, the social investing network with over 23 million registered users from more than 100 countries. Yoni is

Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit

[ad_1] An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin (BTC).A Cointelegraph report from Aug. 26 shows that 11% of the respondents between the ages of 18 to 34 reinvested a part of their stimulus checks into cryptocurrencies. Adult Americans that reinvested

Satoshi Nakamoto’s Bitcoin white paper is now a 13-year-old teenager

[ad_1] The iconic Bitcoin (BTC) white paper celebrates thirteen years of financial disruption after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto.The white paper, titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity. The Bitcoin network was launched on Jan. 03, 2009, having each Bitcoin priced at