Cryptocoins News / The Cointelegraph - 2 years ago
The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap b...
Cryptocoins News / The Cointelegraph - 2 years ago
The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted traditional markets just as hard. The recent bust removed some speculation from the market. But the shakeup is dif...
Cryptocoins News / The Cointelegraph - 2 years ago
The Bitcoin (BTC) network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens.While the Bitcoin community rejoiced in the a...
Cryptocoins News / The Cointelegraph - 2 years ago
“The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of...
Cryptocoins News / The Cointelegraph - 2 years ago
Further cementing India’s decision to introduce an in-house central bank digital currency (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional...
Cryptocoins News / The Cointelegraph - 2 years ago
The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that t...
Cryptocoins News / The Cointelegraph - 2 years ago
As reported by the University of Sao Paulo (USP), the metaverse-centric research will be carried out by research groups interested in 3D modeling, psychology and human behavior, and the effectiveness of virtual and augmented reality devices. These re...
Cryptocoins News / The Cointelegraph - 2 years ago
Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falli...
Cryptocoins News / The Cointelegraph - 2 years ago
Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we're just not there yet. Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which...
Cryptocoins News / The Cointelegraph - 2 years ago
The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One...
Cryptocoins News / The Cointelegraph - 2 years ago
Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country's experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, w...
Cryptocoins News / The Cointelegraph - 2 years ago
Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology.WEMIX, a gaming protocol that operates on the Klaytn network,...
Cryptocoins News / The Cointelegraph - 2 years ago
Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution....
Cryptocoins News / The Cointelegraph - 2 years ago
The global economy is becoming increasingly digital, and it's no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencie...
Cryptocoins News / The Cointelegraph - 2 years ago
Equities markets in the United States rallied sharply on May 25 and 26 but Bitcoin (BTC) and altcoins have not followed a similar trajectory. This suggests that traders are not confident that the crypto markets have bottomed out yet. On-chain analyti...
Cryptocoins News / The Cointelegraph - 2 years ago
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based I...
Cryptocoins News / The Cointelegraph - 2 years ago
The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in gen...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTrader demands higher low above $28,000Data from Cointelegr...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin (BTC) is regaining its lost crypto market dominance even as it trades nearly 60% below its record highs.Bitcoin dominance at 6-month highsThe Bitcoin Market Dominance (BTC.D) index, a metric that weighs BTC's market capitalization against the...
Cryptocoins News / The Cointelegraph - 2 years ago
The Metaverse is poised to become tech’s next trillion-dollar opportunity, as an increasing number of companies are showing interest in immersive virtual spaces that will allow consumers to go beyond what’s possible in real life. This was highlighted...
Cryptocoins News / The Cointelegraph - 2 years ago
While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain. In a Cointelegraph interview, Nguyen shared that a globa...
Cryptocoins News / The Cointelegraph - 2 years ago
The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements.The company's uncertainty has been fueled by rumors that it will be forced to leave mainland China. STEPN is a popular "mo...
Cryptocoins News / The Cointelegraph - 2 years ago
With the World Economic Forum (WEF) Annual Meeting drawing to a close, attendees had the opportunity to join Cointelegraph for a farewell party at Ex Bar in Davos — where they could actually pay for food and drinks using cryptocurrency.
Early partyg...
Cryptocoins News / The Cointelegraph - 2 years ago
As the dust settles on the cataclysmic collapse of the Terra ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways.The cryptocurrency ecosystem was awash with varying speculatory theories arou...
Cryptocoins News / The Cointelegraph - 2 years ago
Tales of traders getting scammed out of their nonfungible tokens were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.It...