Cryptocoins News / The Cointelegraph - 2 years ago
Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation.Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray...
Cryptocoins News / The Cointelegraph - 2 years ago
The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 Ether (ETH), worth about $5,713 at the time of writing, as other major collections are also getting hit.The Otherdeed for Otherside c...
Cryptocoins News / The Cointelegraph - 2 years ago
Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector. The Dallas Mavericks owner and crypto proponent was commenting on the current “lull” state of the crypto mar...
Cryptocoins News / The Cointelegraph - 2 years ago
The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s...
Cryptocoins News / The Cointelegraph - 2 years ago
The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that they are “urgent” transactions due to investors de-risking.A sudden influx of 42,800 transactions hit the m...
Cryptocoins News / The Cointelegraph - 2 years ago
AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema chain has gradually been working on various crypto adoption plays after first rolling...
Cryptocoins News / The Cointelegraph - 2 years ago
Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market.The latest update came late on Monday as Cboe Australia iss...
Cryptocoins News / The Cointelegraph - 2 years ago
The third-largest stablecoin by market cap Terra USD (UST) appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on May 10.As its price has fallen, so has its market capitalization along with th...
Cryptocoins News / The Cointelegraph - 2 years ago
The third-largest stablecoin by market cap, TerraUSD (UST), appears to be in a catastrophic tailspin which has seen it de-peg from the dollar and drop to as low as $0.67 on Tuesday.As its price has fallen, so has its market capitalization along with...
Cryptocoins News / The Cointelegraph - 2 years ago
Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified, with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021. Crypto Fear & Greed Index. Source: Altern...
Cryptocoins News / The Cointelegraph - 2 years ago
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bitcoin’s price tumble more than 11%. Data from bloc...
Cryptocoins News / The Cointelegraph - 2 years ago
According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) became the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor's (1860–1949) painting, "Car...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For...
Cryptocoins News / The Cointelegraph - 2 years ago
The International Monetary Fund, or IMF, has turned its attention to the Bahamas’ central bank digital currency (CBDC), the Sand Dollar, and suggested additional regulatory oversight and education.Reporting on a consultation with the Caribbean nation...
Cryptocoins News / The Cointelegraph - 2 years ago
Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith of Mi...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer.In a Monday announcement, Bitstamp said Sawyer, who first became...
Cryptocoins News / The Cointelegraph - 2 years ago
“When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Market...
Cryptocoins News / The Cointelegraph - 2 years ago
On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rat...
Cryptocoins News / The Cointelegraph - 2 years ago
Global equity markets extended their decline on May 9 and the S&P 500 fell to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets.Data...
Cryptocoins News / The Cointelegraph - 2 years ago
Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility in the digital asset sector in 2022. Galaxy Digital repor...
Cryptocoins News / The Cointelegraph - 2 years ago
Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021. The survey was conducted via email between March 2021 and December...
Cryptocoins News / The Cointelegraph - 2 years ago
Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close to $6,000, a purchaser receive...
Cryptocoins News / The Cointelegraph - 2 years ago
Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or NFTs.In an interview...
Cryptocoins News / The Cointelegraph - 2 years ago
Shiba Inu (SHIB) price dropped by over 10% to $0.00001641 on May 9 amid a broader crypto market decline. This year, SHIB's returns were 50% below zero, one of the worst performances by a top-ranking cryptocurrency in 2022.Last week, luxury fashion br...
Cryptocoins News / The Cointelegraph - 2 years ago
Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem.Investopedia reports that cryptocurrency insurance is seen as a...