Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying

    Bitcoin is at a “pivotal point” as several onchain metrics signal further downside, while whales experience the fastest Bitcoin accumulation rate in more than a year, according to a new CryptoQuant report. Bitcoin has been in a downtrend since turning away from its new all-time high in March. Over the last month, Bitcoin’s price action has been characterized…

    Crypto needs to remove friction for the next billion users: Coinbase

    Bringing the first billion mainstream cryptocurrency adopters on the blockchain will first require more beginner-friendly applications. The current user onboarding process is complicated and riddled with friction points, which is the main issue for mass crypto adoption, according to Chintan Turakhia, senior director of engineering at Coinbase. Speaking exclusively to Cointelegraph at EthCC, Turakhia said:…

    Worldcoin invites devs to build ahead of mainnet launch in 2024

    Worldcoin, the cryptocurrency and digital identity project co-founded by OpenAI CEO Sam Altman, is inching closer to a mainnet launch with the rollout of a blockchain preview for developers. On July 9, the Worldcoin Foundation announced the launch of the World Chain developer preview, a tool providing global developers with an opportunity to start building on…

    Ethereum’s future hinges on interoperable layer-2s

    It’s almost universally agreed within the cryptosphere that the Ethereum blockchain is good – but not perfect. The vast majority of Ethereum Virtual Machine (EVM) developers agree that if the layer-1’s (L1) execution layer were fast and scalable, there would be less of a need for layer-2 (L2) solutions. Yet, we know that Ethereum’s future depends on L2 solutions….

    Bitcoin’s sell-off could put ETF shares on the discount rack

    Bitcoin’s dramatic sell-off could present buy-and-hold bulls with a rare opportunity to scoop up BTC ETF shares at bargain-bin prices. Spot Bitcoin prices tumbled to a four-month low on Friday of around $53,500 as markets braced for billions of dollars in impending BTC liquidations by Germany’s government and Mt. Gox, the defunct Japanese crypto exchange. Share prices of top…

    Dubai Customs launches blockchain platform amid smart city effort

    Dubai Customs has announced the launch of a new blockchain platform aimed at smoothing out supply chain friction within Dubai and across its borders. The blockchain solution was launched as part of a broader strategy to cement Dubai’s position as a leading “smart” city, Dubai Media Office said in a July 8 statement. “This innovation reflects our…