Cointelegraph.com News

Cointelegraph.com News


Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government

Posted: 06 Jul 2022 10:00 AM PDT

In his resignation letter, Economic Secretary to the Treasury John Glen said that "vital reforms" to the country's financial services were ready to be presented to Parliament.

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DeFi protocol Porter Finance shuts down bond issuance platform after just one month

Posted: 06 Jul 2022 09:15 AM PDT

The firm cited better interest rates from traditional finance loans and regulatory risks in mulling the bond platform.

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Circle looks to reaffirm commitment to transparency as USDC market share soars

Posted: 06 Jul 2022 08:15 AM PDT

"With USDC, our business model is minimizing risk, not taking and managing risk," wrote Jeremy Fox, Circle's chief technology officer.

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World's first short Bitcoin ETF sees exposure explode 300% in days

Posted: 06 Jul 2022 08:10 AM PDT

Since launching last month, the ProShares Short Bitcoin Strategy ETF (BITI) has eclipsed others in inflows.

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What does a bear-market ‘cleanse’ actually mean?

Posted: 06 Jul 2022 07:37 AM PDT

The latest bear market should send a clear signal to projects: It's all about finding a problem that needs to be solved, and actually using your product to solve it.

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Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners' revenue

Posted: 06 Jul 2022 07:17 AM PDT

The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy.

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Hardware crypto wallet sales increase as centralized exchanges scramble

Posted: 06 Jul 2022 07:09 AM PDT

Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges.

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NFT platform wars could be ahead, says new DappRadar report

Posted: 06 Jul 2022 07:00 AM PDT

OpenSea, UniSwap, MagicEden, eBay and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem.

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Australia’s world-leading crypto laws are at the crossroads: The inside story

Posted: 06 Jul 2022 06:48 AM PDT

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Ethereum Name Service registrations surge by 200% amid lower gas fees

Posted: 06 Jul 2022 06:36 AM PDT

ENS domain registrations went from 11,042 to 29,727, as the domain "000.eth" was bought for 300 ETH.

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Bear market delivery! Bitcoiner rejoins DoorDash to buy more BTC

Posted: 06 Jul 2022 06:20 AM PDT

A software developer from Ohio is taking on extra work at DoorDash to grow his stack of Bitcoin.

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El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022

Posted: 06 Jul 2022 06:10 AM PDT

El Salvador payment app Chivo processed $52 million in remittances over the past six months, as expatriates make use of commission-free BTC transfers.

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Salary payments in USDT stablecoin ruled as illegal in the Chinese court

Posted: 06 Jul 2022 06:07 AM PDT

Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country's blanket ban on all types of crypto transactions.

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Web3 will unite users from social media platforms, says Aave exec

Posted: 06 Jul 2022 06:07 AM PDT

At this year's NFT.NYC conference, Aave executive Christina Beltramini shared detailed insights into the platform's recent launch and future vision.

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Majority of British crypto owners revealed to be hodlers: Survey

Posted: 06 Jul 2022 05:27 AM PDT

In the U.K., crypto owners prefer centralized exchanges and claim their assets to be largely profitable.

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85% of merchants see crypto payments as a way to reach new customers: Survey

Posted: 06 Jul 2022 04:14 AM PDT

The crypto payment report noted that crypto payment fees are around 1%, which is much lower than other payment options that charge between 1.5% and 3.5%

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Crypto tax deters 83% Indian investors from crypto trading: WazirX report

Posted: 06 Jul 2022 03:29 AM PDT

With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market.

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Korea and US agree to share investigation data on Terra

Posted: 06 Jul 2022 03:27 AM PDT

The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra.

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Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Posted: 06 Jul 2022 03:11 AM PDT

Voyager Digital has joined the growing list of CeFi firms hurting as a result of exposure to Three Arrows Capital and declining crypto asset prices.

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Virginia county Fairfax commits $35M to Van Eck crypto lending fund

Posted: 06 Jul 2022 01:47 AM PDT

Fairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the asset manager.

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Bitcoin price approaches potential springboard to $23K as DXY cools surge

Posted: 06 Jul 2022 01:46 AM PDT

With support and resistance inches from its spot price, BTC/USD has increasingly little room to consolidate.

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US expansion for Huobi a step closer after it secures a FinCEN license

Posted: 05 Jul 2022 10:51 PM PDT

It says users in the United States can expect digital asset services to come in the future.

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Risk profile of crypto markets similar to oil and tech: Coinbase

Posted: 05 Jul 2022 10:31 PM PDT

A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute's chief economist.

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Fed conference hears stablecoins may boost USD as global reserve currency

Posted: 05 Jul 2022 08:26 PM PDT

The underlying tech of a central bank digital currency wasn't enough to convince some panelists at a Fed conference that it could change the international currency system.

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The bottom is in: CNBC’s Jim Cramer says crypto has ‘no real value’

Posted: 05 Jul 2022 08:04 PM PDT

"Mad Money" host Jim Cramer has changed his sentiment on crypto again, predicting the total market cap will tank below $1 trillion, as "There's no real value there."

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PennyWise crypto-stealing malware spreads through YouTube

Posted: 05 Jul 2022 08:00 PM PDT

The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs.

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MakerDAO voting on collaborating with a traditional bank

Posted: 05 Jul 2022 07:22 PM PDT

The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week.

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