Cryptocurrency

More than 90% of 200 independent financial advisers (IFA) in the United Kingdom who participated in a recent poll by research agency Opinium indicated negative cryptocurrency sentiments, with over one-third reporting an increase in cryptocurrency-related inquires from clients since the start of the year. Quoting figures from the poll, Reuters reported on Wednesday that 93%

The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State. Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice

Vohra believes the gap between these two domains represents one of the biggest adoption challenges for decentralized technologies. “We are uniquely positioned to solve the biggest problem,” he said, adding: “There are around $300 trillion dollars of real-world assets which are illiquid. Pandora’s vision is to bridge those off-chain assets to the on-chain ecosystem with

The nonfungible token industry isn’t over yet as “The Tiger King” star Joe Exotic is set to launch his own NFT drop from prison with some external assistance. New York-founded cryptocurrency club More announced Tuesday its foray into the celebrity NFT space with an auction on behalf of former zoo operator and TV star Joseph

Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency. Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”. Roberts noted that local interest in crypto assets had piqued

Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon Musk who said the carmaker wil accept Bitcoin payments if more than 50% clean energy is

Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,500 on Bitstamp. The largest cryptocurrency capitalized on upside which

Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance firms are unlikely to launch support for Bitcoin and other crypto assets until prompted to do so by customer demand, likely creating a

Bitcoin’s (BTC) price continues to be range-bound between $30,000 and $40,000 level for the past few days, which is not necessarily a bearish sign. Generally, after a sharp fall, the price tends to consolidate as the asset transfers from weaker hands to stronger hands. After the transition is complete, the asset breaks out and starts

From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the

Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bill to make Bitcoin legal tender passes in El Salvador

This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated

Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered.  While these periods are useful to help shakeout the weak hands and weed out unnecessary projects,

Dogecoin has seen significant attention in 2021 in tandem with its dramatic price rise. Capitalizing on this rise in attention, someone sold a non-fungible token (NFT) of the picture on which the Dogecoin (DOGE) cryptocurrency was based.  “The original image that started it all,” read the description of the NFT, sold on very.auction. “This photo of

Billionaire hedge fund manager Alan Howard continues backing the cryptocurrency industry with fresh investment in two digital asset startups. The co-founder of major asset manager Brevan Howard led a $25 million extension fund raise for London-based crypto services firm Copper.co. The company announced Friday that the new investment follows a $50 million Series B funding

The Bitcoin Mining Council made a formal debut on Thursday as the debate regarding the environmental impact of the digital asset intensifies. The Bitcoin Mining Council describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles”. Its mandate is to promote transparency, endorse good practices, and

Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami.  While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various

The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.” According to a release by the Bank of France on Thursday, the Project Jura pilot study will also draw participation from a

A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On June 4, the popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm, Astrobotic Technology, in the company’s mission to send its

Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during

Software firm MicroStrategy has raised $1.6 billion in a junk bond offering — four times the initially sought amount. Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC).  Junk bonds are debt offerings by companies without

In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it all away to charity. Dogecoin was created in December 2013 and sought to capitalize on the popularity

The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency.

Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions.  According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time. The tentative schedule, subject to the approval of the Kusama Council and

The regulatory pressure is mounting in the U.S., with more politicians questioning whether the current framework is adequate. An opinion piece penned for Wall Street Journalby former SEC Chairman, Jay Clayton, and former Undersecretary of the Treasury, Brent McIntosh, have defended the United States’ existing regulatory apparatus regarding crypto and warned that excessive rulemaking could

United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches, according to Biden’s national security adviser, Jake Sullivan. In a White House press briefing on Monday, Sullivan said U.S. officials, seemingly including Biden, would like to see an action plan regarding

The Bank of England is continuing to devote significant resources to researching digital money in both private and public forms. With an eye on both the domestic and international context, the central bank’s latest discussion paper, published June 7, outlines the role and possible developments of both in the ongoing evolution of money. Commenting on the

Research has revealed that one in five Australians believe that crypto is the key to homeownership as confidence in traditional savings dwindles. The survey, conducted by cryptocurrency exchange Kraken, found that an increasing number of young Australians are becoming disheartened by traditional investment options. Almost one quarter of those surveyed expressed concern that the value

While it was billed as the “one of the biggest announcements in Bitcoin’s history,” the market seems to be puzzling over the landmark reveal that El Salvador’s sitting President will be submitting legislation to recognize Bitcoin as legal tender.  In a presentation at Bitcoin 2021 from Jack Mallers, CEO of Zap — developers of a