Tag: cointelegraph

Jun 08
Human rights activists take aim at privileged crypto critics in letter to Congress

Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a “responsible crypto policy” and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions. The letter comes just a week after an anti-crypto open letter was sent to Congress purporting […]

Jun 08
Metaverse tokens up 400% year on year despite altcoin bloodbath

A new report from Kraken Intelligence reveals that Metaverse tokens were one of only two categories of crypto that saw year-on-year growth in prices. 606 Total views 15 Total shares Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) […]

Jun 08
New York Governor yet to commit to signing Bitcoin mining ban into law

“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul. 197 Total views 2 Total shares New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that […]

Jun 07
LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking

Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network […]

Jun 07
Chainalysis exec touts blockchain analysis to Senate homeland security committee

Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them. 169 Total views 3 Total shares The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: […]

Jun 07
FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing” during the bear market. 780 Total views 60 Total shares Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues.  In a […]

Jun 07
IRA Financial Trust to sue Gemini over $36M crypto assets exploit back in February

It’s unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds. 1393 Total views 11 Total shares On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital […]

Jun 06
Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly […]

Jun 06
Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event

The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now underwater” and the market is gearing up for a final capitulation event.  Bitcoin net unrealized […]

Jun 06
CertiK shares security tips following third BAYC security compromise in six months

According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with. 188 Total views 3 Total shares On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth […]