Author: Coin Telegraph

Cardano founder Charles Hoskinson has revealed he is setting up a policy office within his company, Input Output, to support cryptocurrency policy development in the United States.“I’m going to be spending quite a bit of time working with lawmakers in Washington DC and quite a bit of time members of the administration to help foster and facilitate with other key leaders in industry the crypto policy,” Hoskinson explained in a Nov. 9 video posted on X.“The best opportunity” is now, says Hoskinson“We have to do this, and we have to get it done,” Hoskinson declared.Hoskinson reiterated that there is “a very high…

The Ethereum Name Service (ENS) token rose more than 10% as ENS Labs announced details of its new Ethereum layer-2 solution “Namechain.”Namechain is a purpose-built Ethereum layer-2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives said in a presentation at the “frENSday” conference in Bangkok on Nov. 11.Namechain will work in tandem with “ENSv2” — the protocol that enabled ENS to expand to Ethereum L2s.“With ENSv2 and Namechain it will be significantly easier to register names, update records, manage decentralized websites and more,” said Greg Skril, ENS…

Top Stories of The Week BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high The world’s largest asset manager, BlackRock, accumulated more than $1 billion of inflows to its Bitcoin exchange-traded fund (ETF) across a record trading day as Bitcoin continued to break all-time highs.  On Nov. 7, BlackRock’s iShares Bitcoin Trust ETF (IBIT) clocked $1.1 billion in inflows, reclaiming inflow status after two consecutive days of outflows totaling $113.3 million, according to Farside data. It came on a day when Bitcoin again hit all-time highs, reaching $76,943, according to CoinMarketCap data. IBIT’s inflows represented almost 82%…

Bitcoin (BTC) took daily gains to 4.5% on Nov. 11 as an unlikely weekend of upside held firmly in place.BTC/USD 1-hour chart. Source: TradingViewBTC price knocks on $85,000Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum passing $84,000 after the Wall Street open.Now up nearly 25% in the past seven days, BTC/USD showed no signs of a major retracement or consolidation as bulls ripped through sell walls and continued price discovery.“In the short term, capo-bears are going to help drag the bitcoin price higher, as they keep adding shorts for the market to liquidate,” popular analytics account Bitcoindata21…

Cardano (ADA) struggled as one of 2024’s worst-performing cryptocurrencies, shedding over 40% of its value year-to-date through October. However, November brought a swift turnaround, with ADA wiping nearly six months of losses in just one week. Now, it eyes 100%-plus price gains by March 2025.ADA booms on Hoskinson-Trump rumorsOn Nov. 10, Cardano’s price rose by over 20% to return to its April high of $0.597. The cryptocurrency’s gains are primarily part of a broader crypto market rally following the reelection of pro-crypto US presidential candidate Donald Trump on Nov. 6. However, its intraday gains appeared majorly due to rumors that…

Bitcoin has hit new all-time highs as President-elect Donald Trump secured victory in the 2024 United States presidential election.Set to return to the White House after departing in January 2021, Trump now appears to be bringing a pro-crypto stance with him. His campaign made several pledges in support of the cryptocurrency sector, marking a difference with the previous administration.As Trump prepares to resume office, Cointelegraph looks back on how the cryptocurrency landscape appeared during his last term. The industry has seen major shifts since then — half of the top 10 coins from his previous term have fallen out of…

Ethereum, the second-largest cryptocurrency by market capitalization, hit $3,200 on Nov. 10 — its highest since August — as Bitcoin surpassed $79,000 following Donald Trump’s victory in the United States presidential election.According to CoinMarketCap, the market cap of Ether (ETH) now stands at around $383 billion, up almost 5% in 24 hours, putting it roughly $40 billion above Bank of America’s market cap.ETH’s high valuation compared to Bank of America shows a shift in financial market dynamics as blockchain technology adoption and growth begin to exceed traditional finance (TradFi).The shift signals the rising popularity of decentralized finance (DeFi) and crypto…

Bitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe.However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term.Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview to discuss the state of the Bitcoin bull market, whether an altseason…

Bitcoin has been on a roll this past week, rising above $81,000 on Nov. 10. Some analysts say the rally has just started and has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.”Newbie traders may wonder if Bitcoin’s rally has made it overvalued, but Bitwise Invest CEO Hunter Horsley said in a post on X that “Bitcoin (BTC) is different.” “When Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And…

Today in crypto, the FTX bankruptcy estate has filed a $1.8 billion lawsuit against Binance, CryptoQuant boss Ki Young Ju thinks Bitcoin could end 2024 under $59,000 despite it hitting new highs, and Elon Musk has voiced his support for ending the United States Federal Reserve.FTX bankruptcy estate files $1.8 billion lawsuit against Binance, CZThe FTX bankruptcy estate is continuing its pursuit of lawsuits against cryptocurrency companies as part of its ongoing proceedings, with the latest filing targeting Binance.A group of firms involved in the FTX bankruptcy proceedings have initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8…