Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator. According to a Feb. 21 Reuters report, Paxos chief executive officer Charles Cascarilla said the firm was “engaged in constructive discussions” with the SEC and would continue to
Blur (BLUR) could rise by up to 30% by March 2023 owing to a mix of technical and fundamental factors. Blur airdrop hype Blur is a nonfungible token (NFT) aggregator that indexes digital art listings across various base marketplaces like LooksRare and OpenSea. In doing so, the aggregator allows users to trade across all NFTs
After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128. Next Bitcoin Difficulty Change
Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. According to an article, quoting а leaked report from a police informant, the “missing Cryptoqueen” was killed on a yacht in the Ionian Sea more than four years ago. Murder in the Mediterranean – Another Theory
Our weekly roundup of news from East Asia curates the industry’s most important developments. China blockchain SIM card Conflux Network says it is working with the second-largest telecommunications provider in China to develop a blockchain SIM card that will serve as a secure place to store digital private keys and nonfungible tokens. Conflux announced its
Feb. 21 lifts the curtains on numbers 4–10 of the most impactful crypto and blockchain sector players, according to Cointelegraph’s 2023 Top 100 list. The controversial player at No. 10 was not on Cointelegraph’s Top 100 list for 2022, nor were the players occupying No. 9, 8 and 4. The person who takes the ninth
Chris Georgen, founder of the social impact-focused blockchain company Topl, believes that many consumers are unaware of the consequences of their buying habits. “Forced labor, deforestation, the destruction of endangered habitats… As responsible citizens of the world, we wouldn’t knowingly support, condone or participate in anything like this,” he tells Magazine. “Unfortunately, too often, what
Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high. Prices surged to their highest point since last August earlier in the day, prior to a red wave sweeping through the market. Ethereum has also dropped, falling below $1,700. Bitcoin Bitcoin (BTC) fell from earlier highs on
Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns. In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems. Active addresses not copying bull market paradigm As on-chain metrics flip green and some even
The Central Bank of Nigeria (CBN) continues to develop its central bank digital currency (CBDC), the eNaira, but this time it’s calling for backup. According to a Feb. 21 Bloomberg report, the CBN is in talks with new “technology partners” to develop a new and improved system to manage the eNaira. According to sources close
As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to await a ruling from Judge Analisa Torres of the United States Southern District Court of New York, Ripple’s chief legal officer has spoken out with a striking statement on Twitter. The belligerent statement comes at a time when
Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which are then leased to institutions such as schools and hospitals. Momint
In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout
The Moscow bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ). The man is accused of conspiring to violate U.S. sanctions on North Korea. According to local media, on Feb. 21, Christopher Emms was arrested in Moscow upon the “red notice” from Interpol. Th 31-year-old British citizen was
Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support failed. Bitcoin unsettled before Wall Street open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,250 on Bitstamp. A firm rejection on hourly timeframes then saw the pair return below $24,750, maintaining a trading range in
Edogawa Ward in Tokyo plans to use metaverse tech to help social recluses, also known as “hikikomori,” begin to integrate with society again. The ward will organize a series of hybrid (virtual and in-person) meetings this year with the objective of reuniting people with social reclusion problems and helping them in their reintegration process. Edogawa
Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots. To create a grid of orders that covers a range of potential market
Globant, a Luxembourg-based tech giant with Argentine origins, has referred to the short-term future of the metaverse in its latest Tech Trends report. According to the company, this year the metaverse will “burn bright or burn out,” as it needs to show its potential when compared to other trendsetting tech like artificial intelligence. Metaverse at
‘Less interest than anticipated’ — PROOF cancels NFT event Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds has confirmed that their flagship conference “Proof of Conference” scheduled for May has been canceled, citing “less interest than anticipated.” We made a tough decision today, I want to apologize to everyone that planned on
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto