“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. The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a...
According to Globant, 34% of gamers are interested in conducting crypto transactions in the Metaverse, while 16% have purchased NFTs in the past. Despite a backlash from a vocal part of the gaming community, a new survey has revealed one-third of gamers have expressed interest in using crypto in the Metaverse. And more gamers than not believe the Metaverse will...
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. The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. On July 13, strategists from JPMorgan led by Nikolaos...
Kumite NFT founder Gareb Shamus chats with NFT Steez about how NFT projects can engage with their respective communities through storytelling. In the most recent episode, Comic-Con legend, Gareb Shamus discusses how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about...
The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.” The Financial Stability Board (FSB), a global financial regulator including all G20 countries, is preparing to propose international regulations for cryptocurrencies and stablecoins in October. The FSB on...
Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience. While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. In...
1. What does the total value locked mean? Since decentralized finance (DeFi) boomed in 2020, financial market experts have come to terms with a new type of investment and have looked at ways to measure its performance. Other than market capitalization, trading volume and total and circulating supply, total value locked (TVL) is one crypto indicator that is...
A potent combination of CPI figures and more make for a problematic week as Bitcoin price struggles. Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is struggling to hold onto its recently-reclaimed levels. Major...
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted. Bank of England (BoE) deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations — similar to conventional financial systems — to tackle risks within the cryptocurrenc ecosystem while improving...
Someone is buying the dip with conviction as the start of Wall Street trading drags the market lower. Bitcoin (BTC) sold off into the June 27 Wall Street open as United States equities fell. $25,000 eyed as bulls' line in the sand Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following stock markets downhill as the last week of June...
Voyager said that it will continue to operate and fulfil their customers’ orders and withdrawals amid its current issues. Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement. In a market...
A covenant is used in private property law as a contract to restrict an object’s use, for example, the interdiction to extend a building or change a facade's color. Since Bitcoin is private property, the term covenant seems perfectly fitted to indicate restrictions on its transactions. You have ownership of the property but can be limited in what you can do with...
Bitcoin bulls still have a battle on their hands in low-volume weekend trading, analysis warns, while altcoins preserve multi-week record gains. Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its...
Over the past seven days, X2Y2 generated $144.16 million worth of NFT sales compared to OpenSea’s $117.64 million, while Crawley Town F.C. is set to launch a tokenized third kit. Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape...
1. What are covenants? A covenant is used in private property law as a contract to restrict an object’s use, for example, the interdiction to extend a building or change a facade's color. Since Bitcoin is private property, the term covenant seems perfectly fitted to indicate restrictions on its transactions. You have ownership of the property but can be limited...
With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 Bitcoin. Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across the...
Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this? They're an indispensable marketing tool for up-and-coming projects that want to create a buzz around their ecosystems. Done right, distributing free tokens to the public can help elevate demand — and unlock big benefits for...
The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured. Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when...