Tag: cointelegraph

May 18
Meta trademark filing hints at plans for crypto payments platform

The five applications suggest the social media firm may use its namesake in a payments processing platform called Meta Pay. 719 Total views 49 Total shares Social media giant Facebook’s parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency.  According to records submitted to the United States Patent and […]

May 18
Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto report

Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum are “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword,” given that Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance […]

May 18
German BaFin official calls for ‘innovative’ EU-wide DeFi regulation

Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” 1050 Total views 48 Total shares Birgit Rodolphe, executive director at Germany’s Federal Financial Supervisory Authority (BaFin), has called for innovative and uniform regulation of the decentralized […]

May 18
Cloudflare to run Ethereum node experiment to help ‘build a better internet’

“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated. 812 Total views 67 Total shares Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cyber security firm Cloudflare is set to launch and fully stake […]

May 18
Analysts note parallels with March 2020: Will this time be different?

Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020. The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended […]

May 17
Crypto users react to Terraform Labs legal team purportedly leaving company

Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. 2884 Total views 25 Total shares The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment […]

May 17
Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K

Bitcoin (BTC) returned to $30,500 on May 17 amid hopes that a retest of 2017 highs could be avoided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,000 retest ‘highly unlikely’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing after the daily close to tentatively build on $30,000. Still, in a multi-day range, the […]

May 17
US congress research agency weighs in on UST crash, notes gaps in regulation

The CRS described the TerraUSD crash as a “run-like” scenario where holders started to doubt the reserves that back the dollar peg. 1895 Total views 19 Total shares The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points […]

May 17
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador

This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC).  Central bank delegates from Ghana to Burundi, Jordan to the Maldives and Pakistan to Costa Rica arrived in San Salvador for the conference upon […]

May 17
US agencies warn against the influx of North Koreans in IT and crypto jobs online

The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality. 775 Total views 44 Total shares The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North […]