Coming every Sunday, Hodler's Digest will help you lot track every single of import news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a calendar week on Cointelegraph in ane link.

Pinnacle Stories This Week

Bitcoin grapples with $10,000 — two scenarios for the week ahead

Bears got their pound of flesh this week when Bitcoin prices tumbled by $800 in an hr. The crash led to significant losses across near altcoins, as well. Looking ahead to the coming days, Cointelegraph'south Keith Wareing says BTC is in the early stages of a descending channel that could see the digital asset retrace to $7,500 over the adjacent two to three weeks unless $ix,500 manages to serve as support. This could spark the resumption of a bull tendency, with $10,300 as key resistance and the breakout resistance beingness to a higher place $11,085. Earlier this week, fund partner James Torado shared historical information that suggests BTC prices will continue climbing for another 19 months. His figures revealed that, in terms of book-weighted average toll, 2022 is Bitcoin's best year always.

Bitcoin Cash faces "dull death" after alleged $30 one thousand thousand hack — commentator

A major Bitcoin Cash investor claimed that he lost a total of $45 million in a wallet hack this week — two-thirds of which was in BCH. In a now-deleted Reddit post, DreamHost Founder Josh Jones appeared to suggest that his SIM card had been compromised — and he promised big rewards if miners prevented the transactions from being validated. Dovey Wan, founding partner at Archaic Ventures, described the attack every bit "really fell" and criticized Jones for keeping millions of dollars in crypto on his smartphone. She warned this incident, coupled with a rumored dispute betwixt Bitmain executive Jihan Wu and Bitcoin.com founder Roger Ver, marks a "slow expiry" for BCH.

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Vitalik Buterin reveals Ethereum two.0 roadmap to Cointelegraph

The world learned a trivial more about Ethereum 2.0 this week. How, you may ask? Through an exclusive interview that Vitalik Buterin gave to Cointelegraph. At the Stanford Blockchain Briefing, Ethereum's co-founder revealed that this year's major evolution will be the launch of Phase 0, with a proof-of-stake network set to come online later in 2022. From hither, Ethereum two.0 will begin life as an contained PoS network and then information technology can prove its capabilities over time. "Ethereum two.0 will start with no applications and will have a pocket-size number of validators," Buterin said. It is hoped that subsequent phases would help tackle scalability issues. Buterin added that Ethereum ane.0 will just merge into the ii.0 system once the network is fully robust.

Binance CEO Changpeng Zhao says Bitcoin halving is not priced in yet

Has Bitcoin'southward toll adapted to the upcoming block reward halving yet? No, according to Changpeng Zhao. The founder and CEO of Binance has predicted that BTC will run into more upwardly motion in the futurity. Although he admitted that historic events aren't always an accurate indicator, Zhao pointed out that miners will before long have to spend near 2 times as much to mine a single coin. Despite his optimistic outlook, CZ expects resistance to remain in the brusk term. He added: "There are psychological barriers effectually overnice circular numbers. The price will fluctuate back and forth effectually that a flake."

HSBC to cutting 35,000 jobs and invest in digital finance

Afterwards annual profits plunged by one third, HSBC has unveiled radical job cuts equally it sets its sights on a digital transformation. An phenomenal 35,000 jobs are going to be cutting over the next two years — and retail branches will be reduced substantially, as the banking behemoth aims to simplify its operations by investing in technology. We already know that HSBC was due to launch a blockchain-based custody platform called Digital Vault by March, complete with $20 billion of avails. The company is hoping to digitize paper-based records of private placements to increase standardization and speed up processes.

Winners and Losers

At the end of the week, Bitcoin is at $ix,856, Ether at $270 and XRP at $0.28. The total marketplace cap is at $286,623,961,082.

Among the biggest 100 cryptocurrencies, the acme iii altcoin gainers of the week are DxChain Token, Kyber Network and Algorand. The acme three altcoin losers of the week are Lisk, WAX and Swipe.

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For more info on crypto prices, make sure to read Cointelegraph'southward market place assay.

Most Memorable Quotations

"I believe it's 99,99999% we're living in a simulation. Then, mathematically, it is basically 100 pct."

Changpeng Zhao, Binance CEO

"I concede that anyone who bought #Bitcoin 10 years ago and sells information technology today will make a lot of money."

Peter Schiff, gold bug

"I am officially raising my target for Bitcoin — and I first fabricated this prediction when it was $1, I said this could go to $100,000 — I'thousand raising my official target for the first time in eight years, I'k raising it to $400,000."

Max Keiser, TV host

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"No matter what, this threescore,000 $BCH hack, the dispute amongst BCH campsite betwixt Ver and Jihan, all these will marker a wearisome decease of it."

Dovey Wan, Archaic Ventures founding partner

"Phase 0 is the first phase of the Ethereum 2.0 launch. This volition release the proof-of-stake network, which will come online this yr."

Vitalik Buterin, Ethereum co-founder

Prediction of the Week

Bitcoin will surge to $400,000 — Max Keiser quadruples BTC forecast

Despite being made 8 years ago, Max Keiser'south prediction that BTC will hit $100,000 has never been achieved. Nonetheless, the Tv host believes this judge is besides conservative — prompting him to quadruple information technology to $400,000. Unfazed past brusque-term levels of volatility, Keiser told Infowars's Alex Jones: "The proficient news… is that Bitcoin at $10,000 or $9,300 is equally as attractive as it was when it was $100." He hasn't named a specific timeframe for this target to be met, just forecasting returns of up to 40 times makes Keiser more bullish than even the best-known crypto advocates. Heck, even John McAfee has reneged on his prediction that BTC would hit $one million by 2022.

FUD of the Calendar week

Irish drug dealer tells police force that keys to $56 million in confiscated BTC are lost

A court in Republic of ireland has suffered a setback in its attempts to confiscate Bitcoin worth $56 million from a human being recently imprisoned for drug trafficking. Clifton Collins, from Dublin, says the private keys to the crypto fortune are gone. Reports suggest Collins had distributed his 6,000 BTC beyond 12 wallets — printing out the keys on a piece of newspaper stored in his fishing rod case. Following his arrest in 2022, the landlord of his rented home in County Galway ordered a clearout — and information technology seems the fishing rod was thrown away. Collins appears to exist taking the news of the loss in his stride, describing it as a punishment for his own stupidity.

Ripple CEO Brad Garlinghouse tells banks that "crypto is not a bad word"

Brad Garlinghouse has revealed that he is on a mission to tell bankers how crypto can solve real-world issues while remaining compliant. Ripple's CEO says someone at the Earth Economical Forum in Davos recently told him that "crypto is still a bad give-and-take" — but the entrepreneur says regulators "very quickly become disarmed" when they realize the avails aren't being used to circumvent existing frameworks.

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Gemcoin founder admits to fraud in $147 million scheme

The mastermind behind the Gemcoin cryptocurrency scheme has admitted to wire fraud and tax evasion in a plea agreement. Steve Chen agreed that he and other co-conspirators fraudulently promoted Gemcoin to lxx,000 victims — fleecing them out of $147 one thousand thousand. Known as "Boss," it appears the 62-year-erstwhile used his illicit gains to purchase properties and fund a gambling habit. The virtual coins he was promoting were supposedly backed past gems mined by U.S. Fine Investment Arts, Inc. But, in reality, the visitor did not own or operate any gemstone mines. U.Southward. Attorney Nick Hanna said: "Mr. Chen'southward promises to investors were as worthless every bit his non-real mines and phony digital currency."

Best Cointelegraph Features

Half of predictions are right half the time — BTC'south halving divides opinions

Past halvings have seen Bitcoin skyrocket in value. Is it going to exist a case of third time'southward the amuse? As Julia Magas explains, analysts are divided.

Trump'southward proposed budget snubs blockchain, crypto in crosshairs of security service

Kirill Bryanov dives into the Trump administration'southward budget proposal for the 2022 financial twelvemonth. It seems it does little to enhance blockchain-powered innovation.

How cryptocurrency trading has evolved in recent years

In the early days of blockchain, crypto trading was seen by many equally simply exchanging a few dollars for Bitcoins. As Oluwatobi Joel explains, times take inverse.