Cointelegraph.com News

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Cointelegraph.com News

Bitcoin’s Velvet Revolution: The overthrow of crony capitalism

Posted: 06 May 2022 07:32 PM PDT

Today, the revolutionaries are gathering again. But this time, they have the most powerful economic weapon citizens have ever had: Bitcoin.

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Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T

Posted: 06 May 2022 02:08 PM PDT

Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market.

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Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022

Posted: 06 May 2022 02:00 PM PDT

On May 4, the FOMC voted to raise interest rates by 50 basis points. Here's why Bitcoin investors need to care about central bank's policy.

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Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack

Posted: 06 May 2022 01:19 PM PDT

The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers.

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There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society

Posted: 06 May 2022 01:00 PM PDT

NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years?

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Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more

Posted: 06 May 2022 01:00 PM PDT

The week in DeFi saw European lawmakers write a new chapter on DeFi, a Virginia county plan to put its pension fund in a DeFi yield, DeFi protocols lose $1.6 billion to exploits, and more

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Amid crypto hype, Google’s cloud unit creates Web3 team

Posted: 06 May 2022 12:30 PM PDT

The decentralized space continues its expansion and major brands are adopting Web3 tools, including Google's cloud unit.

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90% of surveyed central banks are exploring CBDCs — BIS

Posted: 06 May 2022 11:00 AM PDT

"Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term," said the BIS.

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'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM Philip Davis

Posted: 06 May 2022 10:17 AM PDT

The Bahamas Prime Minister Philip Davis shared his plans to welcome crypto businesses to the region during SALT's Crypto Bahamas.

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Will Polkadot (DOT) price reverse course now that cross-chain messaging is live?

Posted: 06 May 2022 09:55 AM PDT

DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin.

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Grayscale’s GBTC and ETHE products now available on Robinhood

Posted: 06 May 2022 09:30 AM PDT

The discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.

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Controlling 17% of BTC hash rate: Report on publicly listed mining firms

Posted: 06 May 2022 08:47 AM PDT

Mining firm Core Scientific's hash rate leads all public companies with 8.3 EH/s, and it mined 5,769 BTC in 2021.

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Nvidia to pay $5.5M as part of SEC case concerning 'inadequate disclosures' around crypto mining

Posted: 06 May 2022 08:14 AM PDT

"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete and accurate," said Kristina Littman.

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Bitcoin price heads under $36K as three-day losses near 12%

Posted: 06 May 2022 08:11 AM PDT

More pain for both crypto and stocks on May 6 as traders see no hint of a relief rally coming so far.

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Eager to work: Bitcoin switch to proof-of-stake remains unlikely

Posted: 06 May 2022 07:07 AM PDT

Environmental and proof-of-stake proponents have been lobbying to change Bitcoin's mining consensus code, but history tells us why BTC is great the way it is.

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Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout

Posted: 06 May 2022 07:05 AM PDT

Ether could continue dropping against the U.S. dollar in a high interest-rate environment.

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Ready Games will help developers upgrade their games to Web3

Posted: 06 May 2022 07:01 AM PDT

The company will release tools to swiftly upgrade mobile Web2 games in compliance with Apple and Google app store rules.

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Blockchain technology to power De Beers’ diamond production

Posted: 06 May 2022 06:11 AM PDT

De Beers has launched its long-awaited blockchain-powered Tracr platform to track and manage diamond production.

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Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display

Posted: 06 May 2022 06:00 AM PDT

The Spatial Reality Display lets people view the nonfungible tokens in 3D without the need for 3D glasses.

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OpenSea Discord server hacked, users warned to be vigilant of phishing scams

Posted: 06 May 2022 04:50 AM PDT

The hacker's initial post, which was published in the announcements channel, claimed that OpenSea had "partnered with YouTube to bring their community into the NFT Space."

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Bitcoin’s rocky road to becoming a risk-off asset: Analysts investigate

Posted: 06 May 2022 04:37 AM PDT

Bitcoin has long been known as a "store of value," but is the world's largest cryptocurrency transitioning to becoming a risk-off asset in 2022?

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Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour

Posted: 06 May 2022 04:12 AM PDT

Africa's top golfers are set to receive Bitcoin prize money after ground-breaking sponsorship of the Sunshine Tour.

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SEC approves Valkyrie’s Bitcoin futures ETF

Posted: 06 May 2022 03:32 AM PDT

Last month, the watchdog gave the thumbs-up to Teucrium's Bitcoin futures ETF, which is the first such vehicle to be approved under the '33 Act.

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‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over

Posted: 06 May 2022 12:37 AM PDT

Does Bitcoin have further to fall? BTC calms after stocks see a situation that has happened only twice this century.

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NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already

Posted: 05 May 2022 10:38 PM PDT

Despite sporadic market conditions, NFT collectors are on track to spend more on NFTs in the first half of this year than in all of 2021.

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Argentina’s central bank steps in to block new crypto offerings from banks

Posted: 05 May 2022 09:39 PM PDT

Only four days have passed since two of Argentina's biggest banks opened up to crypto trading, but now the central bank has stepped in to block the offerings.

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Ice Cube backs DOGE and an ‘incredible and historical’ transaction

Posted: 05 May 2022 09:32 PM PDT

Ice Cube said he is down with the "DogeArmy" after Bill Lee bought $625,000 worth of NFTs tied to the rappers' BIG3 basketball league in DOGE.

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Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)

Posted: 05 May 2022 09:16 PM PDT

The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor's bid to block Bitcoin investments in self-directed 401(k) investment plans.

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