Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems. According to the director of Avalanche Foundation, Emin Gün Sirer, subnets are the next big thing on the blockchain. GünSirer said that subnets enable functions that are only possible with “network-level
Amid the ongoing discussion between the Central Bank of Russia (CBR) and the nation’s Finance Ministry on the future of crypto, a State Duma (the lower chamber of Parliament) working group has voiced their support for regulating rather than banning digital assets. The working group called for the “clear regulation of the digital assets industry”
Centre, an open-source technology project developed by Coinbase and Circle, has onboarded crypto exchange FTX and Alkemi Network as its latest partners to collaborate on Verite. Verite is a set of shared decentralized identity protocols — developed by Centre — to empower crypto-centric individuals and businesses by granting total control of personal information. Supporting Verite’s
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment network. Sanction Evasion Concerns The Estonian prime
Less than 24 hours after U.S. President Biden’s executive order, cryptocurrency markets were back in the red, as the global market cap fell by over 5%. Bitcoin was once again trading below $40,000, with ETH hovering marginally above $2,500. Bitcoin As the smoke clears following yesterday’s executive order, crypto traders seem to be coming to
Bitcoin (BTC) bulls jumped in to defend the $40,000 level after a devastating retest of the $38,000 support on March 7. The confidence and momentum that was building up earlier in the month was suddenly shattered after BTC failed to break $44,500 for the third time this month on March 2. The Bitcoin price rally
Terra’s LUNA resumed its upward march this week, with the price of the token rebounding more than 30% in three days. LUNA’s price reached nearly $100 on March 9 following a 15% intraday rally, coming near its record high of $106 from December 2021. At its week-to-date (WTD) low, the Terra token was trading at $75.60.
Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels. Bart’s back on the Bitcoin chart Data from Cointelegraph Markets Pro and TradingView showed BTC/USD forming a characteristic “Bart Simpson” retracement pattern overnight on Wednesday. The pair had managed to pass $42,000 before consolidating, but a lack
On Wednesday, the price of Ethereum extended its previous session gains. ETH is still trading below the psychological $2,880 level. Still, once a decisive close above the bearish sloping line stretching from the highs of $4,759 is achieved, Ethereum’s price has room to rise. Over the last four months, the king alt has been on
Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.” There was, however, a small bump in transaction fees last week. Shown as a small jump at the
Cryptocurrency mining has been and remains an attractive endeavor not only for fans of alternative financial instruments but also for those serious about investing. When deciding whether to start mining, potential miners keep several well-known factors in mind: equipment and electricity costs, suitable climate and favorable legislation in the country of operation. At least, that
Bitbull Capital CEO Joe DiPasquale thinks Bitcoin (BTC) is still on track to reach $100 thousand within the next 24 months despite the bearish sentiment dominating the crypto markets since the start of the year. “I think 2023 is a safe bet. We might need some time during 2022 to take a breath and to kind
Web3 infrastructure platform Our Happy Company has announced their inaugural product, OurSong — a social commerce mobile application designed to enable digital creators to monetize their content and cultivate their communities via nonfungible tokens (NFTs) — will utilize Circle’s established payment infrastructure to drive demand in the creator economy. Our Happy Company was incorporated in
On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities, and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds included the official Bitcoin (BTC) and Ethereum(ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. The same day, Kraken announced
Ethereum is a decentralized finance giant that has seen significant growth over the past few years, spurred on by events like “DeFi Summer” and the rise of nonfungible tokens (NFTs). Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position. Bitcoin and
Bitcoin (BTC) soared on March 9 as the Dow futures recovered sharply and United States Treasury Secretary Janet Yellen’s statement on President Joe Biden’s executive order regarding digital assets, which was released a day earlier by error, contained positive statements about the crypto industry. For the past few days, investors seem to have been accumulating
Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. Here’s a closer
Sheikh Mohammed bin Rashid Al Maktoum, prime minister and ruler of the United Arab Emirates, has announced a new law on virtual assets as well as the establishment of a crypto regulator. In a Wednesday announcement, Sheikh Al Maktoum said he had issued a law creating a legal framework for crypto in the Emirate of
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine. In a Wednesday statement, the European Commission said member states had agreed to amend regulations with the goal of ensuring “even more effectively that Russian sanctions cannot be circumvented,
Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare moment for the U.S. President. In a Wednesday announcement, the White House said President Biden’s executive order required government agencies to explore the potential rollout of a United