Tag: cointelegraph

May 20
Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’

Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August. 6236 Total views 61 Total shares Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August — hopefully.  Preston Van […]

May 20
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines after 20-year record Data from Cointelegraph Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp. Still struggling to flip $30,000 to reliable support, […]

May 20
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach

On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. 2700 Total views 56 Total shares The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for […]

May 20
Crypto veterans extend a helping hand to bear market newbies

Guy Swann listed buying Bitcoin on top of his list of advice for beginners who are experiencing their first bear market. 1929 Total views 59 Total shares As the bears take over and the markets slow down, Twitter user DeFi Edge asked crypto veterans, who experienced the bear market of 2018, what advice they would […]

May 20
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash 1592 Total views 26 Total shares The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents […]

May 20
Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’

“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino. 2422 Total views 40 Total shares Tether (USDT) and Bitfinex chief technology officer Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, […]

May 20
People want to be paid crypto to exercise in the Metaverse: Survey

A new survey has revealed that blockchain technology may be a better fitness motivator than traditional monetary incentives. 1029 Total views 19 Total shares A new survey has found that over 80% of people would be motivated to take up more physical exercise if they were paid in cryptocurrency for their efforts.  The survey, which […]

May 20
Commonwealth Bank puts crypto trading trial on ice as regulators dither

Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up. 141 Total views 1 Total shares The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on […]

May 19
South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. 5029 Total views 2296 Total shares Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early […]

May 19
Bitcoin trades in $29K ‘no man’s land’ as Tesla ESG fallout routs stocks

Tesla’s removal from the S&P 500 ESG Index adds to an already bearish trajectory while BTC/USD stays stuck below $30,000. Source: Cointelegraph