Cointelegraph Magazine

Social credit system or spark for global adoption? – Cointelegraph Magazine

Ethereum co-founder Vitalik Buterin’s Soulbound Token proposal for a robust identity and reputation system has stirred up the crypto community. Soulbound Tokens or SBTs are non-transferable, non-financialized tokens tied to a unique profile proving verifiable achievements and commitments. Still at the concept stage, it’s suggested SBTs will be capable of tracking memberships, credentials and affiliations with educational establishments, decentralized lenders and …

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Bitcoin

Bitcoin Drops 20%, Why The Bulls Must Protect $20K

Bitcoin extended its decline below the $25,000 support against the US Dollar. BTC is down 20% and approaching the key $20,000 support zone. Bitcoin extended its decline below the $23,500 and $22,500 support levels. The price is now trading below the $25,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance …

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Binance ends support for anonymous Litecoin transactions

Binance ends support for anonymous Litecoin transactions

Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can’t verify the sender’s address. The crypto exchange didn’t respond to Cointelegraph’s request for comments at the time of publishing.The announcement comes just days after major …

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Crypto Corner: The Sports Slice

One platform has raised $10M to build the next blockchain sports game, while several other sports crypto platforms have fallen. Meanwhile, a new Seton Hall survey shows that there’s a strong audience interested in both sports and crypto – and the UFC has yet again another crypto partner. Every weekend, we provide you with a weekly dose of sports and …

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Cointelegraph Magazine

Hodler’s Digest, May 29-June 4

Coming every Saturday, 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  Anonymous hacker served with restraining order via NFTIn what’s perhaps an industry first, an anonymous defendant in …

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Monetary Authority of Singapore partnered with JP Morgan to explore the use of asset tokenization and DeFi.

Monetary Authority of Singapore partnered with JP Morgan to explore the use of asset tokenization and DeFi

The Monetary Authority of Singapore (MAS), Singapore’s central bank, has joined forces with some of the country’s largest banks and financial services organizations to study the possibilities that asset tokenization and decentralized finance present. Project Guardian is a collaboration between the MAS and other financial companies. The purpose of the research is to investigate the practicability of asset tokenization and …

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Ethereum Eyes Strong Reversal, Why Dips Could Be Limited

Ethereum is showing positive signs above $1,720 against the US Dollar. ETH could start a strong increase if there is a clear move above the $1,850 resistance. Ethereum remained well supported above the $1,720 support zone. The price is now trading below $1,820 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance …

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