WEF 2022: Terra was offering unsustainable yields; DeFi can support financial inclusion
Industry experts share insights and commentary with Cointelegraph on the first day of the Blockchain Hub 2022 conference in Davos, Switzerland.Continue Reading
ECB: One in ten households in eurozone population centers now own cryptocurrency
The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximatelyContinue Reading
Weak stocks and declining DeFi use continue to weigh on Ethereum price
Crumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495Continue Reading
WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood
Blockchain startups building for the Web3 economy have attracted billions of dollars in venture capital funding this year alone. Although Web3 has become a sort of buzzword in the cryptocurrency community, its application and utility extend far beyond the world of blockchain, according to Polkadot (DOT) founder Gavin Wood. InContinue Reading
Polkadot Price Prediction for Today, May 24: DOT Moves to Hit $12 High
The Polkadot price prediction shows that DOT may cross above the 9-day moving average as the coin may benefit from the buying pressure. Polkadot Prediction Statistics Data: Polkadot price now – $10.15 Polkadot market cap – $9.8 billion Polkadot circulating supply – 987.3 million Polkadot total supply – 1.1 billionContinue Reading
Bitcoin Price Prediction for Today, May 24: BTC May Retrace Above $29,500
The Bitcoin price prediction shows BTC is rising from the opening price of $29,000 as the buying interest approaches $30,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $29,340 Bitcoin market cap – $559.9 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap rankingContinue Reading
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account offerings issued by financial giants like Fidelity. InContinue Reading
Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’
This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEFContinue Reading
Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent
The City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion inContinue Reading
Government of Uruguay Presents Campaign Against Crypto Scams
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams.Continue Reading
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.”Continue Reading
Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC
Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval. Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted byContinue Reading
WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto
Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining. The need for a clear, balanced concept of the issue was a constant theme at the panel discussion of crypto’s carbon footprint at the 2022 WorldContinue Reading
Bitcoin Pizza Day 2022: Here’s What’s Happening This Year
The crypto community celebrated the 12th anniversary of Bitcoin Pizza Day this year on May 22, 2022. The event commemorates one of the first purchases involving cryptocurrency: two Papa John’s pizzas that were paid for with Bitcoin in 2010. That purchase was made on the BitcoinTalk forums by Laszlo Hanyecz,Continue Reading
Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price
Solana continues to consolidate near the critical $50 price range, while bulls have begun to flirt with the idea of a possible upswing.Continue Reading