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The organization said that it intends to promote awareness and adoption of decentralized technologies, such as Filecoin, IPFS and Libp2p. Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement , one of the main goals of the newly formed alliance is to help Web2 enterprises transition to Web3 through education, advocacy and best practices. The Alliance said it hopes to achieve this by bringing together diverse viewpoints from leading Web2 and Web3 industry players, such as Advanced Micro Devices, Ernst & Young and data storage solutions provider Seagate. The organization aspires to become a trusted space where different companies can collaborate around Web3 technologies like decentralized storage in order to accelerate its adoption. It also seeks to provide access to educational materials and technical resources that will improve the proce

From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” — but what is more important is that it contains some new definitions for crypto products.  The bill moves stablecoins from the category of crypto assets to digital settlement assets (DSA) — a new category marked by its potential “to develop into a widespread means of payment.” It’s yet to be seen what regulations the DSA will be subject to and if this change of status will guarantee them a green light for adoption. But, even that scope of change brings optimism. It seems we may witness unprecedently active pro-crypto regulation on the islands, given S

The new mobile wallet, called Bitkit, was unveiled at the PlanB Forum conference in Lugano, Switzerland on Oct. 29. Bitcoin and Lightning Network service provider Synonym has launched a new BTC-focused mobile wallet it says could enhance the user experience for holders of the flagship digital currency — and broaden Web3 adoption without relying on convoluted blockchain applications. Synonym unveiled its mobile Bitcoin ( BTC ) wallet, dubbed Bitkit, at the PlanB Forum in Lugano, Switzerland on Oct. 29. The wallet supports BTC and Lightning Network payments with a self-custodial node and encrypted backup service, which users can utilize free of charge. Bitkit is being launched as a limited public beta app for both Apple and Android devices. The Bitkit app is being powered by Slashtags, a Bitcoin cryptographic seed that generates keys and gives users simultaneous control over their data and money. Through Slashtags, Synonym claims that Bitkit will power Web3 “without using a blockch

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com part

In this episode of NewsBTC’s daily technical analysis videos, we examine Bitcoin price action on Halloween night to see if the market is in for any tricks or treats. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 31, 2022 The forecast for Halloween night is cloudy with a chance of consolidation, according to the Ichimoku . As long as BTCUSD remains inside the cloud we shouldn’t expect many tricks, nor treats. The most recent rally took pause at the 100-moving average and could return to the 50-day MA for a retest before moving further. Losing both moving averages would send Bitcoin to goblin town. Bulls Run Into Resistance, But Bears Have Yet To Scare Last night was a weekly close in Bitcoin, but the top cryptocurrency narrowly missed closing above the mid- Bollinger Band  –– a sign that a bullish trend might be brewing that is now at risk of rejection. During the 2018 bear market, closing directly below the mid-BB led to further consolidation befo

Data shows Bitcoin is now approaching another retest of the realized price, will the bulls be able to blow through the resistance this time? Bitcoin’s Recent Upwards Momentum Has Brought It Near Realized Price Again As pointed out by an analyst in a CryptoQuant post , BTC has spent a total of 138 days under the realized price so far since the June of this year. Before we look at the data for the Bitcoin realized price, it’s best if a basic understanding of the “ realized cap ” is attained first. The realized cap is calculated by multiplying each coin in the circulating supply with the price at which the particular coin was last moved or sold at, and then taking the sum for the entire supply. This is different from the usual market cap, which doesn’t weigh each coin separately like this, and simply multiplies the entire supply with the current BTC price. Now, if the market cap is divided by the total number of coins in circulation, we obviously get back the BTC price. Much in the

ETH price rose to its highest level since September, but data shows whales lack an appetite for leverage longs. A $250 surprise rally took place between Oct. 25 and Oct. 26, pushing the price of Ether ( ETH ) from $1,345 to $1,595. The movement caused $570 million in liquidations in Ether’s bearish bets at derivatives exchanges, which was the largest event in more than 12 months. Ether’s price also rallied above the $1,600 level, which was the highest price seen since Sept. 15. Let’s explore whether this 27% rally over the past 10 days reflects any signs of a trend change. Ether/USD 4-hour price index. Source: TradingView It is worth highlighting that another 10.3% rally toward $1,650 happened three days later on Oct. 29, and this triggered another $270 million of short seller liquidations on ETH futures contracts. In total, $840 million worth of leveraged shorts was liquidated in three days, representing over 9% of the total ETH futures open interest. On Oct. 21, the market be

Bitcoin price continues to remain under the $21,000 price mark as the bulls have lost force over the last 24 hours. In the past day, the coin lost 1.3% of its value. Bitcoin price is consolidated under the tough resistance of $21,000. If BTC keeps maintaining a sideways movement, then the bulls could lose further steam and drop to the nearest support line. The technical outlook of the coin remains positive on the one-day chart. The demand for the coin slipped slightly. However, it remains positive at the time of writing. Buying strength was also optimistic for BTC on the 24-hour chart. If demand accumulates slightly, then BTC might attempt to revisit the $21,000 level. A move above the $21,000 level will pave the way for a clear move to $22,000. The next levels that BTC might trade are between $28,000 and $22,000. If BTC picks up the pace, then the coin can also revisit the $22,000 mark. Buyers need to remain confident that Bitcoin bulls will be able to move north over the next tr

After last year’s hype over nonfungible tokens, people have been speculating about their potential. It created a bubble of unfounded expectations. Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs ). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs — they need to sort their lives out. And, decentralized catalogs are there to help them do it. We can think about an NFT as a book someone owns, and this ownership is recorded on the blockchain. But what we’re actually missing is the library. Not just a flower, but a garden Multiple NFTs making up a collection form a system. This system has a structure through the standards it uses. If you’ve ever visited CryptoKitties, you’ve probably noticed the museum-like categorization

Litecoin price witnessed an increase in value over the last 24 hours. In the past day, the coin surged more than 3%. The past week for LTC has remained quite positive for the altcoin as it logged over a 9% gain in that timeframe. The coin has continued to form higher highs on its chart, demonstrating that the bulls were in control of the price. That caused the altcoin to break its consolidation and shatter above important resistance marks. The technical outlook for the coin was bullish at the time of writing. The demand for Litecoin registered appreciation as demand for the coin also shot up. The coin has established strong support for itself at the $53 price mark. Currently, LTC trades at a vital price mark as the coin has struggled to move past this price level for the past several weeks. If the bulls fail to sustain the price at the current price, a fall through the $53 support line will bring the bears back on the chart. At this price mark, LTC is trading at an 86% low compa

The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter. Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia.  As the original report counts more than 200 pages, Cointelegraph prepared a summary with the intent to capture the most vital information about the state of crypto and blockchain in Europe. Cointelegraph started from a group of countries that are usually labeled as Western European and continues with a review of Northern European states. Sweden Numbers: $39.9 million (40 million euros) raised in initial coin offerings (ICOs) , 15 blockchain st

Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes. As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts.  While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentiality for Web3 platforms . Although Nillion is still in its early stages, the technological innov

October has been a bullish month for Dogecoin as the “Dogefather,” Elon Musk, takes over Twitter. Despite trading in the red at press time, the meme coin still holds over 90% gains. There has also been a rise in demand for the asset. This surge comes as many anticipate that DOGE would gain value due to Musk’s purchase of the social media giant. Dogecoin’s price increased from $0.05 on October 23 to $0.11 today, October 30, a gain of 93.%. In addition, the weekly DOGE chart reveals that the price hit a five-month high of $0.14 on October 23. Simultaneously, the asset has seen a rise in capital invested. Market valuation for the token rose from $9.02 billion a week ago to $15 billion as of press time. It’s worth mentioning that the popular meme coin is still trading at a massive 82.66% loss from its all-time high. Dogecoin Snatches The 8th Spot From Cardano Dogecoin is now the eighth largest cryptocurrency by market capitalization, according to data provided by CoinMarketCap. Cardan

Celsius’ bankruptcy proceedings resulted in 14,000 pages of customer data leaking to the public. The incident displayed the pitfalls of centralized finance. In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent — a prescient reminder that privacy absent decentralization is no privacy at all. As part of its bankruptcy proceedings, CeFi lending giant Celsius Network disclosed names and on-chain transaction data of tens of thousands of its customers in an Oct. 5 court filing. While Celsius’ user base complied with standard Know Your Customer (KYC) procedures in order to open personal accounts with the CeFi platform, none consented to nor could have anticipated a mass disclosure of this scope or scale. In addition to doxxing the multi-million dollar withdrawals of Celsius founder Alex Mashinsky and chief strategy officer Daniel Leon just b

It was about time that MLM made an appearance. Multi-Level Marketing explains a lot about the OneCoin story. In this ONE-HOUR episode of “The Missing Cryptoqueen,” we’ll learn about the secret ingredient that catapulted Dr. Ruja from the millions to the billions. We’ll meet interesting people and the plot will thicken. Also, the size of the OneCoin scam will increase significantly. This thing gets bigger by the episode, which is what makes the show so entertaining. What a clusterfuck this was. It begins by answering the question posed in episode 4 . Could an unrecognizable version of Dr. Ruja have been in attendance at the Miss OneLife beauty pageant? The production team shows a UK plastic surgeon pictures from the event. There was a person with OneCoin’s main directors that they suspect might’ve been Ruja Ignatova. He hesitates, but when Jamie Bartlett tells him that the person they’re looking for is a billionaire with an infinite budget, he changes his mind. “It’s possible, those th