Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Update Oct. 20, 1:15 p.m. UTC: This article has been revised to incorporate insights from Dr. Max Li, founder and CEO of OORT.Coinbase and Robinhood were among various significant platforms impacted by an outage at an Amazon Web Services (AWS) data center on Monday, highlighting the vulnerabilities of depending on centralized cloud providers for essential financial infrastructure.Coinbase, the third-largest centralized cryptocurrency exchange (CEX) based on trading volume, experienced disruptions due to the AWS data center outage, which noted “increased error rates and latencies” for multiple AWS services in the Northern Virginia area.The AWS outage caused problems for Coinbase’s mobile application,…
A coalition of U.S. crypto, fintech, and retail organizations is coming together to advocate for open banking, issuing a warning in a letter that major banks’ efforts to impose fees for data access could disrupt the integration between the financial system and digital wallets and stablecoins.Entities such as the Blockchain Association, the Crypto Council for Innovation, the National Association of Convenience Stores, and the National Retail Federation have reached out to the Consumer Financial Protection Bureau (CFPB) urging the regulator to maintain essential protections in its forthcoming Rule 1033.This rule would empower consumers to share their financial data with third-party…
A coalition of fintech, crypto, and retail industry trade groups is calling on the US Consumer Financial Protection Bureau (CFPB) to implement a strong open banking rule that ensures consumers maintain control over their financial data. The letter shared with Cointelegraph has been endorsed by prominent crypto advocacy organizations, including the Blockchain Association and the Crypto Council for Innovation, as well as fintech and industry entities such as the Financial Technology Association, American Fintech Council, and others representing retailers and small businesses. This letter addresses the CFPB’s examination of the Personal Financial Data Rights Rule under Section 1033 of the…
Main Highlights:Bitcoin seeks to address the recent weekend Bitcoin futures gap after retracting its recovery.The overall weakness in BTC prices is observed alongside low trading volume, according to traders.Price predictions increasingly indicate a potential return to testing the $100,000 mark next.On Tuesday, Bitcoin (BTC) slid back to its weekly lows, focusing attention on an existing “gap” in Bitcoin futures.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin contends with its latest CME futures gapData from Cointelegraph Markets Pro and TradingView revealed BTC/USD dropping to $107,460 on Bitstamp.Down 2.5% for the day, the pair was unable to maintain its early-week recovery, missing the chance to…
Bitcoin’s price remains around $107,000 as legacy wallets discreetly sell into institutional demand, keeping prices steady despite increased activity. Summary Bitcoin remains stable, hovering near $107K after a turbulent week. Long-term holders are selling into institutional demand, capping potential gains. Technical indicators show a neutral-to-bearish stance with resistance at $115K and support around $107K. At the time of writing, Bitcoin is trading at $107,619, a decrease of 2.8% from the previous day. The price fluctuated between $107,623 and $111,555 over the period, marking a 5% decline over the week and a 7% drop in the past month. Currently, Bitcoin is…
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) continued their downward trend on Monday, experiencing further outflows as investor sentiment remained delicate amidst increasing political and macroeconomic instability.According to data from SoSoValue, spot Bitcoin (BTC) ETFs saw $40.47 million in net outflows on Monday, marking their fourth consecutive day of withdrawals. BlackRock’s IBIT led the declines, losing $100.65 million, while Fidelity’s FBTC and Bitwise’s BITB reported inflows of $9.67 million and $12.05 million, respectively.The aggregate total net inflow in spot Bitcoin ETFs now stands at $61.50 billion, with total net assets decreasing to $149.66 billion, which is approximately 6.76% of…
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) continued their decline on Monday, experiencing another day of withdrawals as investor sentiment remained shaky amidst rising political and macroeconomic challenges.According to data from SoSoValue, spot Bitcoin (BTC) ETFs faced $40.47 million in net outflows on Monday, marking their fourth consecutive day of withdrawals. BlackRock’s IBIT was the hardest hit, losing $100.65 million, while Fidelity’s FBTC and Bitwise’s BITB saw inflows of $9.67 million and $12.05 million, respectively.The total net inflow for spot Bitcoin ETFs has now accumulated to $61.50 billion, while total net assets have decreased to $149.66 billion, representing roughly…
The Ethereum Foundation faces scrutiny as a May 2024 letter from a former core developer comes to light.The letter criticizes the Foundation’s organizational culture, alleging the presence of an elite power structure centered on co-founder Vitalik Buterin and inadequate compensation for key contributors.Sponsored What’s Really Happening Inside the Ethereum Foundation?Péter Szilágyi, who led Geth (Go Ethereum) from 2015 until his exit in 2025, publicly shared a letter to the Ethereum Foundation dated May 22, 2024. He outlined his dissatisfaction with the Foundation’s governance, compensation practices, and overall direction.Szilágyi described a disconnect between the Foundation’s public portrayal of his role and…
Blockchains that are established and governed by corporations are destined to fail, as users are unlikely to embrace a chain dominated by a central authority, according to Eli Ben-Sasson, co-founder and CEO of the blockchain company StarkWare.In a post on X on Monday, Ben-Sasson asserted his belief that “corporate” chains will not endure because they contradict the essential principle of blockchain, which necessitates the elimination of a central entity.“The key aspect of blockchain is a system that removes a central entity. This comes with challenges: It involves a highly complex technology that is difficult to construct and navigate. Even with…
The government of British Columbia is prohibiting new crypto mining connections to the hydro power grid, citing an unprecedented surge in electricity demand.In a statement released on Monday, the British Columbia (BC) government revealed a series of new regulations aimed at stimulating the economy and assisting the state-owned electric utility provider BC Hydro in managing power resources.“There are significant prospects in British Columbia’s established natural resource sectors, including mining, natural gas, and LNG, as well as in emerging sectors like data centers and artificial intelligence (AI). The success of proposed major initiatives depends on having access to dependable, clean electricity…