Tag: cointelegraph

May 25
WEF 2022, May 25: Latest updates from the Cointelegraph Davos team

Disclaimer: This article is being updated all day long. All timestamps are in the UTC time zone, with updates in reverse order (the latest update is placed at the top). WEF 2022, the first in-person World Economic Forum event since the pandemic started, continues to bridge traditional finance with the future of money on its […]

May 25
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. 847 Total views 50 Total shares 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 […]

May 25
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback

The FTX founder said he’d spend “north of $100 million” with a “soft ceiling” of $1 billion and added “who knows what’s going to happen between now and then.” 2606 Total views 29 Total shares The billionaire founder and CEO of the FTX cryptocurrency exchange Sam Bankman-Fried has revealed he intends to spend anywhere between […]

May 25
Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket

If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in space Cryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s Transporter 5 mission. […]

May 25
Could GameFi and carbon currencies reverse blockchain’s climate stigma?

Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets. 228 Total views 27 Total shares Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment — but could that perception be changed […]

May 25
Weak stocks and declining DeFi use continue to weigh on Ethereum price

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 $495 million in futures contracts since May 13, according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions […]

May 24
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates

As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history and it doesn’t appear that there is any […]

May 24
Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years

Bitcoin (BTC) stuck to “rangebound movements” into May 24 as price action avoided expected volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No joy for BTC bulls after DXY downmove Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to circle $29,000 after failing to hold $30,000 support. On hourly timeframes, the pair thus continued […]

May 24
WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor

Francis Suarez reminded people that volatility plays an equal role when the market is going up, but the concerns only come up during bear markets. 1250 Total views 22 Total shares Miami mayor Francis Suarez believes that Bitcoin (BTC) should be seen from an innovation perspective rather than just as an investment asset. Suarez’s comments […]

May 24
Japan’s Bitbank to set up a custody firm to facilitate institutional entry to local markets

Crypto exchange Bitbank revealed plans to establish JADAT, a crypto-specialized custodian, in partnership with Sumitomo Mitsui Trust Holdings. 578 Total views 38 Total shares In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings to establish Japan Digital Asset Trust (JADAT).  According to […]