Coming every Sunday, Hodler's Digest will assistance you rails every single important news story that happened this calendar 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

A calmer week for Bitcoin — but cost may not return to $10,000 soon

Bitcoin remained largely steady in the mid-$half dozen,000s for virtually of this week but failed to dial through levels above $half dozen,900. Analysts, such equally Cointelegraph's Michaël van de Poppe, have warned BTC isn't in any bullish market right now, fifty-fifty as global stock markets show signs of a slight recovery. Co-ordinate to Glassnode, Bitcoin holders appear to be withdrawing their funds — with exchange balances at their lowest level in nearly viii months. On Wed, a "death cross" emerged that suggests BTC will struggle to return to five figures before May. Even though BTC might end up trading sideways between $half dozen,000 and $8,000 for some time yet, a poll of "VIP" Kraken users suggests about traders recall the world's biggest cryptocurrency will hit all-time highs earlier 2022. The survey constitute that the average BTC price target for this year is $22,866.

Vitalik Buterin proposes solution to "embarrassing" lack of Bitcoin–Ethereum bridge

Ethereum Co-Founder Vitalik Buterin has described the lack of like shooting fish in a barrel movement between the Ethereum and Bitcoin networks equally "embarrassing" — and is calling for a decentralized commutation to act equally a trustless bridge betwixt the two networks. The programmer also revealed that he has held talks with Electrical Coin Company CEO Zooko Wilcox-O'Hearn about creating a DEX span from ETH to the privacy coin Zcash. A lack of liquidity has stymied the progress of decentralized exchanges to date, but a dedicated BTC–ETH bridge supported by Buterin could enjoy greater levels of uptake.

World Health Organization launches blockchain platform to fight COVID-nineteen

Could blockchain engineering help wearisome the spread of the coronavirus? The World Health Organisation hopes and so. Information technology is partnering with major blockchain and tech companies to launch a DLT-based platform that enables data to be shared more than easily. Known as MiPasa, it's hoped the network volition achieve the "early on detection of COVID-19 carriers and infection hotspots." Built on top of Hyperledger Textile in conjunction with the likes of IBM, Oracle and Microsoft, it aims to facilitate "fully private information sharing between individuals, state regime and wellness institutions." In other developments this week, Ripple Labs announced it is altruistic $200,000 to two non-profits fighting to incorporate the spread of coronavirus in the U.S.

Battle for the digital dollar in America'south coronavirus stimulus nib

This calendar week, the biggest financial stimulus package in the United states's history was signed into law by President Donald Trump. Worth $2 trillion, it's hoped the drastic measures will assistance firms and consumers weather the impact of the coronavirus crisis. The U.S. has now overtaken Red china and Italian republic in the highest number of confirmed COVID-19 cases worldwide. One draft version of the pecker included the requirement to develop a digital dollar, significant all those entitled to financial aid would receive it in a free bank account. Alas, all mention of digital dollars was later erased from a later iteration of the legislation. Under the measures approved by Trump, every American who earns less than $75,000 a year will receive a direct payment of $1,200 — with $500 for every kid.

Canada's tax dominance demands personal information on 115,000 QuadrigaCX users

The seemingly never-ending saga of QuadrigaCX has taken another turn. Canada's Revenue Bureau has requested 750,000 documents on the commutation'southward 115,000 customers — many of whom lost money when the company collapsed. EY, the court-appointed bankruptcy trustee, is going to hand over a database containing personal user information, business relationship balances and transaction histories betwixt 2022 and 2022. A committee of affected users has given its approving because launching a dispute would be expensive and time-consuming. Non everyone is happy with the decision. Committee member Magdalena Grownowska described the demand as "an unprecedented affront to individual privacy," and cautioned the Canadian taxman may have other motives.

Winners and Losers

At the cease of the week, Bitcoin is at $half dozen,138.63, Ether at $128.87 and XRP at $0.17. The total market cap is at $173,316,921,060.

Among the biggest 100 cryptocurrencies, the top 3 altcoin gainers of the week are Quant, Status and Numeraire. The top three altcoin losers of the week are KuCoin Shares, Slacoin and Waves.

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

Most Memorable Quotations

"Bitcoin was born in a financial crisis. Information technology will come up of age in this one."

Dan Morehead, Pantera Uppercase founder and CEO

"I only have bullish scenarios for Bitcoin. Aye, I would say half dozen,800 is a cardinal level that has played out earlier…I would say overall, I mean, we're looking at a very wide range for Bitcoin, something between $iii,100 and $20,000."

Mati Greenspan, Breakthrough Economics co-founder and CEO

"Going above $6,800 would maybe give me 85% confidence nosotros're not going to go below this — and we're near in that location, we've virtually cleaved it; we're sitting at resistance."

Tone Vays, trader

"It's embarrassing that we still tin't easily move between the two largest crypto ecosystems trustlessly."

Vitalik Buterin, Ethereum co-founder

"Every bit we get used to talk about Trillions, a modest $2 trillion market place cap of #bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?"

Changpeng Zhao, Binance CEO

"Only fools are choosing Bitcoin. So far this year golden is up over 7%, while Bitcoin is down iii%. Aureate is but 2% from its 2022 high, while Bitcoin is 35% below its 2022 high!"

Peter Schiff, crypto skeptic

"$BTC will continue to exist volatile over the adjacent few months but the macro backdrop is WHY it was created. This will be and needs to be BTC's year."

Mike Novogratz, Galaxy Digital founder

Prediction of the Week

As Trump talks trillions, Binance CEO predicts $2 trillion Bitcoin market cap

Many were shocked at the calibration of the U.S. stimulus parcel in light of the coronavirus. The Federal Reserve has started churning out fiat money to prevent a deeper financial crash — and has even suggested it could print an infinite corporeality of cash. Binance CEO Changpeng Zhao has predicted that this could be skilful news for Bitcoin. He tweeted that a BTC toll of $100,000 is "not such a hard to imagine number now," calculation that this would achieve a "pocket-sized" market capitalization of $ii trillion. As pocket-size as such a projection may be, it's some way off BTC's current market cap of $112.three billion — and the industry's overall valuation of $173 billion.

FUD of the Calendar week

Suspicions grow during BitBay's 18-hour outage

BitBay was offline for more than eighteen hours this calendar week — disruption blamed on a "network trouble" with an "external service provider." The company claims to be the third-largest cryptocurrency exchange in Europe, with more than than 800,000 users. Alarm bells quickly started ringing equally the outage rumbled on, with the commutation resorting to a Facebook live stream to calm users. It stressed that "all fiat and crypto funds are safe" and asked for a "little more trust" as work connected to bring the platform back online. Some users suggested that the so-called "network trouble" was a comprehend story for a much bigger upshot. Trading has now resumed.

Billionaire demands Facebook reveal who placed scam Bitcoin ads about him

The billionaire ex-husband of Janet Jackson has demanded that Facebook reveals who was behind ads on the platform that used his image to promote a Bitcoin scam. Wissam Al Mana alleges that a cryptocurrency firm chosen "Bitcoin Trader" used his name to promote itself in the Heart East. Facebook has deleted the offending ads, but Al Mana fears fraudsters could publish like ads in the future. His lawyers now want the social media giant to unmask the advert's publishers — and share their names, addresses, contact details and payment methods. Crypto scams have increasingly been injecting stardust into their campaigns to achieve false legitimacy. Kate Winslet, Bill Gates, Elon Musk and Richard Branson have all had their identities recently appropriated by swindlers.

California governor namedrops Bitcoin in speech about "extraordinarily bad people"

Gavin Newsom has warned the public to be vigilant against Bitcoin fraudsters during the coronavirus pandemic — namedropping the cryptocurrency in a speech almost "extraordinarily bad people, who do extraordinarily bad things." The California governor has warned there are criminals who are using the health crunch to their advantage. He'south not alone. The U.S. Article Futures Trading Commission has warned scammers are likely to use the coronavirus to add together credibility to their scams or manipulate emotions. Some online perpetrators have even been impersonating the Earth Health Organisation in an attempt to steal cryptocurrency donations intended to fight the pandemic.

All-time Cointelegraph Features

Big tech in blockchain: Comparing IBM, Microsoft, Apple, Google and more

The earth'south largest technology companies have fabricated concerted efforts to investigate and integrate blockchain technologies over the by few years. Gareth Jenkinson has more than.

Global crypto customs comes out in full force against coronavirus

Many prominent members of the blockchain and crypto industries have heeded the global cry for aid and have swiftly engaged in meaningful action. Shiraz Jagati looks at what'southward being done.

No tax for y'all: Why crypto traders and miners might head to Portugal

Is Portugal willing to provide a friendly foundation for digital avails to grow? António Madeira finds out.