Cryptocurrency

Columbia Investment Management Company president and CEO Kim Lew thinks that cryptocurrencies are here to stay.  “I think it will have profound effects,” she said in a recent interview, “There are many different avenues that it can go.” Lew explained that people could build many new things within the crypto ecosystem, such as stablecoins and nonfungible

Australian crypto influencer and Nuggets News founder Alex Saunders is facing backlash over his non-fungible token (NFT) sale from late last year. Nuggets News is a paid group providing technical analysis and crypto tips to subscribers that was founded by Saunders in 2017. As of Aug.17, Nuggets News had roughly 146,000 subscribers on YouTube. In

Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized social media initiative first announced by Twitter in 2019. In a Twitter announcement on Monday, Graber said they would be in charge of the Bluesky project after working closely with “a group of thinkers and builders” from

Singapore is reportedly the next port of call for Kakao’s globalization agenda for its legacy blockchain platform Klatyn. According to a report by The Korea Herald on Monday, Kakao has established two new blockchain-based entities — the Klatyn Foundation and Krust — in the city-state. The Klatyn Foundation is a non-profit organization while Krust serves

The study of history and ancient people is immensely important to preserving the knowledge passed down through the generations.  Unfortunately, the significance of the knowledge is particularly acute when it is lost. With tragedies such as the fire of the Library of Alexandria, or the pillaging of the House of Wisdom in ancient Baghdad, or

Emerging economies like Vietnam, India and Indonesia are leading the charge when it comes to cryptocurrency adoption, underscoring important use cases for digital assets tied to remittances and financial inclusion.  Finder’s survey of 42,000 people across 27 countries revealed that Vietnam had the highest adoption rate, with 41% of respondents claiming they had purchased cryptocurrency.

After months of unrelenting turbulence, the crypto industry has been on somewhat of a tear over the last couple of weeks, with the total market capitalization of the space recently topping the $2 trillion mark for the first time since May.  In fact, over the last 21 days alone, a whopping $700 billion entered the

The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced the growing digital collectible trend.  After a brief sector-wide pullback which coincided with the market-wide declines seen beginning in May, the NFT sector roared back to life as collectibles like CryptoPunks, Pudgy Penguins

Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack. According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the hackers and seize the stolen assets. Fetch.ai reportedly claimed that hackers stole $2.6

Due to their anonymity or pseudonymity, digital assets are perceived as entailing the risks of money laundering and financing terrorism. In October 2018, the Financial Action Task Force (FATF) adopted changes to its recommendations on financial activities involving digital assets, adding the definitions “virtual asset” (VA) and “virtual asset service provider” (VASP).  Since then, the

Delaware-based Kryptoin Investment Advisors has joined a score of other crypto ETF hopefuls by filing for an Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The crypto investment firm previously tried and failed to get a Bitcoin ETF greenlit back in 2019. The firm came back with another attempt this April,

Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round. According to a Thursday announcement, IVP and Insight Partners led a $130 Series B funding round for TaxBit with participation from Bitcoin bull Anthony “Pomp” Pompliano, Tiger Global,

PSG, a fan token launched by Paris Saint-Germain, resumed its uptrend Thursday after Lionel Messi confirmed that he is joining the French football club. The PSG/USD pair jumped by 10.57% to hit an intraday high of $41.90. The pair’s latest upside move followed an almost 40% bearish correction from its all-time high of $61.53, achieved on

The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and  conducted a question and answer session detailing how the initial hack went down. In what is being described as the largest DeFi hack to date, the Poly Network suffered a $612 million exploit on Aug. 10 which saw the hacker

The total value of all cryptocurrencies in circulation — a major bellwether for the health of the overall market — reached $2 trillion on Wednesday for the first time in almost three months, offering compelling evidence that buyers are back in control.  Measured by market capitalization, digital asset values peaked at $2.007 trillion on Wednesday,

India’s regulatory uncertainties have not affected the investor’s sentiment towards crypto as the latest data from crypto exchanges suggests a rising influx of users.  Binance-owned Indian crypto exchange WazirX reported a 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, that can host up to

Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s revenue beat analyst predictions — with industry standard financial estimators Refinitiv forecasting $1.78 billion in expected

Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant low-cost token transfers across blockchains like Ethereum and Polygon.  With the launch of Hyphen, users can make near-instantaneous USD Coin (USDC) transfers between Ethereum and Polygon rather than waiting 30 minutes or hours, as is currently the case with transfers. Biconomy

Bitcoin (BTC) returned to $46,000 after a brief consolidation on Aug. 10 amid continued surprise at the strength of the BTC price comeback. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3 days to Bitcoin golden cross Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering around the $46,000 mark Tuesday. The pair had spent the night

Bitcoin (BTC) price soared to a 3 month high at $46,293 after bulls confirmed that they intend to take full control of the market. While crypto traders might be in the green again and pro traders are looking to add larger leveraged positions, no every class of investors to obtain direct exposure to Bitcoin.  For

Pintu, Indonesia’s first mobile native cryptocurrency wallet and trading platform, has raised $35 million from some of blockchain’s biggest venture funds — putting the company on track to expand its team and product offerings in the near future.  The Series A was led by Lightspeed Venture Partners, a technology-focused investor with broad exposure to blockchain,

Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold? After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend. In the event, Saturday and Sunday

Despite the recent slight recovery of the cryptocurrency market, there is no denying the fact that the crypto industry has been faced with a great deal of volatility over the last few months, made evident by the total market capitalization of the sector that dipped from $2.5 trillion to $1.18 trillion over a 45-day span

Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to this shared sense of skepticism. There is no denying that cryptocurrency has and continues to be used for illicit activities

It’s no secret that Coinbase has played an instrumental role in bringing new users into the crypto space. Coinbase’s friendly onboarding process and status as a publicly traded company allow it to appear as a more traditional investment platform to non-crypto savvy investors, leading to greater trust. However, it seems almost weekly that another article hits

After a 13% rise in two days, Bitcoin’s (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network’s market capitalization at $340 billion.  Positive expectations for the London hard fork and its potential deflationary effect

Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least two

We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and while they have received widespread attention, they haven’t quite achieved their potential. That

The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from

A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed. Oleksandr Bornyakov, deputy minister of Ukraine’s Ministry of Digital Transformation, is confident that it would be “quite legal to pay with cryptocurrencies” in Ukraine through payment intermediaries enabling crypto-to-fiat conversions.