Web3 — or Web 3.0 as crypto boomers like to call it — is a topical buzzword with only a very vague definition. Everyone agrees it has something to do with a blockchain-based evolution of the internet but, beyond that, what is it really? Yet, the conversation surrounding the meaning and prospects for Web3 has…
Read more
This month, the Board of Governors of the United States Federal Reserve System issued its widely anticipated report on the nation’s possible use and adoption of digital currencies for its financial system. The document is titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” and true to its name, the paper…
Read more
Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding. FTX Trading, the owner and operator of Sam Bankman-Fried’s crypto exchange FTX, officially announced Monday that it closed a $400 million Series C funding round, bringing the firm to a…
Read more
Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems? Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.” Will Bitcoin see a rare “red”…
Read more
Blockchain can’t be separated from crypto in a progressive manner because extracting blockchain from crypto diminishes the former to a glorified database, leaving all the exciting opportunities out, Turkish law expert Elçin Karatay told Cointelegraph. As a country that saw Bitcoin (BTC) hit an all-time high on a very different date than the rest of…
Read more
Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins. The…
Read more
A former Bank of Japan (BOJ) official who reportedly headed the digital currency research is now advising against its use. According to a report published in the Japan Times, Hiromi Yamaoka, the former head of the BOJ’s financial settlement department, advised against using the digital yen as a part of the country’s monetary policy. Yamaoka’s…
Read more
The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. UNICEF’s “Prospects for children in 2022” report, which examines the impact of global trends on children, anticipates further mainstream adoption of cryptocurrencies — “demonstrating both the promise of greater financial…
Read more
Bitcoin (BTC) starts a new week with a bang — but not in the right direction for bulls. A promising weekend nonetheless saw BTC/USD attract warnings over spurious “out of hours” price moves, and these ultimately proved timely as the weekly close sent the pair down over $1,000. At $37,900, even that close was not…
Read more
BTC is attempting to form a bottom while LINK, HNT, FLOW and ONE are showing early signs of accumulation. Source link