A new financial system; a more democratized, even more inclusive, financial sector; the future of the internet — the crypto ecosystem has been described as all of these things. However, as is evidenced by digital assets’ inherent correlation with the Nasdaq 100, most people fail to conceptualize blockchain as anything other than an extension of
Blockchain development company Peersyst worked with Ripple in the implementation of the Colombian National Land Registry on top of the XRP Ledger (XRPL). Part of a national initiative to improve the country’s blockchain capabilities, the announcement was made by high-ranking government officials. Related Reading | ‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The
Garry Kasparov, the Russian chess grandmaster and chair of the Human Rights Foundation, doesn’t appear at all bothered by the current crypto bear market. Kasparov, who is also a long-time Bitcoin supporter, told Cointelegraph during Consensus 2022 “so what” in regards to his thoughts on the bear market. Kasparov added that he thinks 99% of
According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week’s episode of NFT Steez, a bi-weekly Twitter Space hosted by Cointelegraph analysts, both Darlington and Udell agreed that the
European Union officials recently agreed on a landmark law called the Markets in Crypto-Assets (MiCa) framework that places guidance for crypto asset service providers (CASPs) to operate within the Europe region. Following this, experts reacted with varying opinions, from supporting the decision to explaining how it would have adverse effects. According to Richard Gardner, CEO
The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator’s largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO
Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto native media excoriate Bitcoin (BTC) and DeFi investors for investing in assets with no fundamental value. At the same time, crypto-savvy analysts and traders have been pouring over charts, looking for clues that signal when the
The World Of Women NFT collection has great marketing, strong leadership, and first-mover advantage. Plus, a flourishing community. Also, behind the punks and the apes, these ladies seem to have the biggest celebrity support. From World of Women’s partner Reese Witherspoon to Eva Longoria, to Bryce Dallas Howard; from Snoop Dogg to Gary Vee, everyone
The market cap of Bitcoin (BTC) dropped another 33% in June, which is now beginning to numb the Twitter community. On the upside, many crypto traders who wanted out did so fairly aggressively from March to May. But, the less optimistic news is that the stagnancy in address activity may need to change for prices
The historic deleveraging of the cryptocurrency market could be coming to an end, which could signal the close of the worst of the bear market, according to a JPMorgan analyst. In a Wednesday note, JPMorgan strategist Nikolaos Panigirtzoglou highlighted increased willingness of firms to bail out companies, and a healthy pace of venture capital funding
Bitcoin dropped 56.2% in the second quarter of 2022, according to crypto analytics platform Coinglass. That makes it Bitcoin’s worst quarter since the third quarter of 2011 when BTC price fell by 67%. A large part of the damage was done in the month of June when Bitcoin plunged 37%, the worst monthly drawdown since
Argentina’s tax authority has seized more than 1,000 cryptocurrency wallets linked to delinquent taxpayers in the country. According to a report from local media outlet iProUP, courts across Argentina authorized the seizure of 1,269 cryptocurrency wallets belonging to citizens with outstanding debt to Argentina’s Federal Administration of Public Income (AFIP). AFIP signaled its intent to
Unus Sed Leo (LEO) has not only survived the crypto market bloodbath in the first half of 2022, but has actually posted major gains, bucking the big crypto crash. LEO beats crypto kingpin Bitcoin LEO, a utility token used across the iFinex ecosystem, finished the first half of 2022 against Bitcoin at 32,793 satoshis, up
Bitcoin (BTC) finished June 2022 just below $20,000 after a last-minute pump saw bulls escape 40% monthly losses. Analyst: Bitcoin could stay “boring” for months Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking higher into the monthly close, which came in at $19,924 on Bitstamp. With that, the pair narrowly avoided its first-ever
The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is also set to run through its Merge trial over the next few days and is the second last testnet to go through the trial
VanEck, one of the first firms in the world to ever file for a Bitcoin (BTC) exchange-traded fund (ETF), is not giving up on its plans to launch a spot Bitcoin ETF in the United States. The firm has refiled an application for a physically-backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB),
Everyone expects another Bitcoin (BTC) capitulation event, but data suggests that mass buying has already started. In a Twitter thread on June 29, Checkmate, lead on-chain analyst at data firm Glassnode, drew attention to who in Bitcoin is really stacking sats. Shrimp or whale, Bitcoin hodlers are stacking sats Bitcoin selling has made the headlines
The United States Commodity Futures Trading Commission, or CFTC, has taken enforcement action against a South African national in what the regulatory body called its “largest fraudulent scheme involving Bitcoin.” In a Thursday announcement, the CFTC said it had filed a civil enforcement action in federal court for fraud and registration violations against Cornelius Johannes
The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is among that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying SOL at its current value. Data