Category: Cryptocurrency

Aug 10
Tether also confirms its throwing weight behind the post-Merge Ethereum

We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated. 798 Total views 8 Total shares Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed […]

Aug 10
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn

Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.  It’s the second consecutive quarter of loss for the crypto company and the largest loss […]

Aug 09
BitMEX former executive pleads guilty to violating the Bank Secrecy Act

Gregory Dwyer becomes the last one from the exchange’s management to enter a plea. 861 Total views 14 Total shares Another top executive joins three co-founders of the crypto exchange BitMEX, pleading guilty in the United States District Court for the Southern District of New York. The court case under the headline U.S. v. Hayes […]

Aug 09
Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022

Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto. 1003 Total views 38 Total shares Crypto platform Bitcoin.com is looking to expand its ecosystem by introducing Bitcoin (BTC) holders to the world of decentralized finance (DeFi) and implementing new services […]

Aug 09
Korea Blockchain Week, Aug. 9: Second-day takeaways from the Cointelegraph team

Korea Blockchain Week (KBW) 2022 wrapped up its two-day mainstage events this evening, which again saw a number of influential speakers take to the podium including Janine Yorio of Everyrealm, Yat Siu of Animoca Brands and Sky Mavis’ Jeffrey Zirlin. Held at the Grand Intercontinental Seoul Parnas, the second-day conference saw thousands of attendees engaged across […]

Aug 09
Bitcoin realized price bands form key resistance as bulls lose $24K

Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200.  The pair had seen swift gains to start the week […]

Aug 09
GameFi and crypto ‘natural fit’ for game publishers: KBW 2022

Korean experts believe that crypto would play a major role in the gaming ecosystem, and within the next three years, the majority of games might have an in-game crypto economy. 497 Total views 29 Total shares South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country […]

Aug 09
Axie Infinity looking to ‘double-down’ on Korean market: KBW

Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world. 1317 Total views 26 Total shares Sky Mavis, the firm behind play-to-earn (P2E) heavyweight Axie Infinity is looking to “double down” in South […]

Aug 09
Ready Player One gave us the misconception that the Metaverse is VR — Everyrealm CEO, KBW 2022

Steven Spielberg’s ‘Ready Player One’ presents an unrealistic glimpse into life in the metaverse, Everyrealm CEO Janine Yorio told an audience in Seoul. 651 Total views 24 Total shares Everyrealm CEO Janine Yorio has dispelled misconceptions that the Metaverse can only be presented “exclusively in VR.”  Speaking on Aug. 9 during Korean Blockchain Week 2022, […]

Aug 09
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3, says Animoca’s co-founder. 169 Total views 4 Total shares Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main […]