Cointelegraph.com News

Cointelegraph.com News


BTC mining costs reach 10-month lows as miners use more efficient rigs

Posted: 14 Jul 2022 09:07 PM PDT

It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network.

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34% of gamers want to use crypto in the Metaverse, despite the backlash

Posted: 14 Jul 2022 09:03 PM PDT

According to Globant, 34% of gamers are interested in conducting crypto transactions in the Metaverse, while 16% have purchased NFTs in the past.

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Celsius bankruptcy filings show a company in deep trouble

Posted: 14 Jul 2022 08:13 PM PDT

The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back.

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Celo network back online after almost 24-hour outage

Posted: 14 Jul 2022 06:30 PM PDT

It was the first time the Celo mainnet had gone down in more than two years.

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UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K

Posted: 14 Jul 2022 04:21 PM PDT

Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years.

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Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization

Posted: 14 Jul 2022 04:18 PM PDT

Ankr is one of the largest remote procedure call (RPC) endpoint providers in the crypto space, which are critical for Web3 dApps that connect with blockchains.

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Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

Posted: 14 Jul 2022 04:13 PM PDT

The millionaire investor thinks that the market bottom will be marked by "total panic," at which point weak companies with "idiot managers" will be weeded out and the industry can continue to grow.

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OpenSea lays off 20% of its staff, citing ‘crypto winter’

Posted: 14 Jul 2022 02:25 PM PDT

The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces.

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CleanSpark scoops up 1K+ mining rigs at 'substantially discounted price'

Posted: 14 Jul 2022 02:15 PM PDT

"We are seeing unprecedented opportunities in this market," said CleanSpark president and CEO Zach Bradford.

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Circle discloses full breakdown of $55.7B USDC reserves

Posted: 14 Jul 2022 02:00 PM PDT

As of June 30, about 75.6% of Circle's reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions.

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3 reasons why Polygon (MATIC) is up 100%+ during a bear market

Posted: 14 Jul 2022 01:43 PM PDT

Steady adoption and internal growth back MATIC's 118% gain, even as most altcoins struggle to hold on to their short-term gains.

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CFTC labels 34 crypto and forex firms as unregistered foreign entities

Posted: 14 Jul 2022 01:30 PM PDT

"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails," said CFTC commissioner Kristin Johnson.

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UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

Posted: 14 Jul 2022 01:00 PM PDT

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.

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UK financial watchdog exec hints at importance of international collaboration on crypto regulation

Posted: 14 Jul 2022 12:15 PM PDT

"In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi.

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Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry

Posted: 14 Jul 2022 11:36 AM PDT

Bitcoin's failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week's options expiry.

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WEF introduces cyber resilience framework, index to increase organizational security

Posted: 14 Jul 2022 11:30 AM PDT

The international organization looked at ten cybersecurity frameworks as it created its comprehensive version with six principles and numerous best practices.

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Bill Murray's biographical NFT project set to be premiered by Coinbase

Posted: 14 Jul 2022 11:10 AM PDT

"Anecdotes, observations, advice, memories, Murray-isms" are coming to the world of NFTs as acclaimed icon Bill Murray prepares to launch an inaugural NFT series with Coinbase.

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More than 2.6 million users signed up for the City of Shenzhen's digital yuan airdrop

Posted: 14 Jul 2022 10:30 AM PDT

The city has about 18 million residents in its prefecture-level area.

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Data transfer network Plaid integrates 4 major crypto exchanges

Posted: 14 Jul 2022 09:45 AM PDT

The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts.

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Why is there so much uncertainty in the crypto market right now? | Market Talks with Crypto Jebb and Crypto Wendy O

Posted: 14 Jul 2022 09:00 AM PDT

Why is there so much uncertainty in the crypto market right now? Join us as we try to figure it out with Tim Warren, co-host of Coffee N Crypto, and Crypto Wendy O.

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CoinFLEX resumes withdrawals, limiting users to 10%

Posted: 14 Jul 2022 09:00 AM PDT

Since halting user withdrawals three weeks ago, CoinFLEX has announced plans to reclaim up to $84 million in owed funds.

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Bitcoin analysts weigh sub-$17.5K dip after 'weak' BTC price bounce

Posted: 14 Jul 2022 08:46 AM PDT

There is "no way" that Bitcoin price performance will not eclipse the recent $17,500, one analyst insists.

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What is a crypto airdrop and how does it work?

Posted: 14 Jul 2022 08:32 AM PDT

Crypto airdrops are a marketing strategy used by startups to give tokens to existing cryptocurrency traders for free or in exchange for minimal promotional work.

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NFT market worth $231B by 2030? Report projects big growth for sector

Posted: 14 Jul 2022 07:45 AM PDT

Continued adoption of nonfungible tokens across a variety of industries from video gaming, music, art and digital collections could see the sector valued at $231 billion by 2030.

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Philippines’ digital transformation could make it a new crypto hub

Posted: 14 Jul 2022 07:05 AM PDT

The archipelagic country of the the Philippines is exploring blockchain use cases across different industry verticals.

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BNB Chain launches DApp platform with 'Red Alarm' to warn users about scams

Posted: 14 Jul 2022 06:27 AM PDT

DappBay's Red Alarm is a contract risk scanning tool that helps users identify high-risk projects to avoid rug pulls and frauds.

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Will Ethereum ever surpass Bitcoin? Crypto community answers

Posted: 14 Jul 2022 06:15 AM PDT

From predicting that ETH will overtake BTC in 2030 to firmly rejecting the thought, crypto Twitter offered their takes on the topic of ETH becoming crypto's top dog.

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Blockchain-based solutions aim to address US disaster relief

Posted: 14 Jul 2022 06:03 AM PDT

Various blockchain solutions are being used by organizations and enterprises to create efficiencies for U.S. disaster relief efforts.

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Bitfinex donates 36 BTC to Salvadoran businesses to support economic development

Posted: 14 Jul 2022 06:00 AM PDT

El Salvador officially made Bitcoin legal tender in September 2021; since then, the Latin American country has placed BTC near the center of its economic growth strategy.

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Bitcoin trading volumes post new high in Philippines peso on Paxful

Posted: 14 Jul 2022 05:51 AM PDT

Weekly Bitcoin trading volumes in the Philippines peso grew steadily on Paxful this year and eventually hit a new high in July.

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