Crypto
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WEF 2022: PayPal looks to embrace all possible crypto and blockchain services
Global payment giant PayPal is doing its best to bring all possible blockchain and cryptocurrency integrations to its services, according to a senior executive at the firm. PayPal is working hard on supporting all possible digital services, including digital currencies and central bank digital currencies (CBDC), vice president Richard Nash said in an exclusive statement to Cointelegraph at the World Economic Forum on May 23. After rolling out its buy, hold and sell service for Bitcoin (BTC) across the United States 2020, PayPal continues to expand its digital currency-related offering, Nash noted: “Just walking slowly in the crypto shield with buys or holds in certain jurisdictions. […] Looking to work with others to embrace everything we can, whether it’d be the coins that we have t...
WEF 2022: Ripple CEO reveals he visited SEC several times before lawsuit struck
Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion Monday at the World Economic Forum in Davos, Switzerland. Garlinghouse, who also occupies a role as a member of the company’s board of directors, commented on a wide range of topics, most notably the current status of regulation in the United States versus G20 nations. Ripple CEO Brad Garlinghouse. Source: Cointelegraph Emphasising the prudent necessity for regulatory frameworks which serve integral principles of “clarity and certainty”, Garlinghouse stated his belief that: “The overwhelming majority of people working within the crypto industry are good actors that want to do right by regulators. But when the rules of the road aren’t clear, it’s very difficult to m...
Galaxy Digital’s Novogratz finally clarifies the firm’s position following Terra crash
The Galaxy Digital CEO says the implosion is a reminder to investors to manage their risks He acknowledged that the algorithmic stable TerraUSD was a big idea that failed to live up to expectations The recent implosion of stable coin TerraUSD has demonstrated that cryptocurrencies still rank high among risk-on assets with extreme volatility. UST’s breakdown swept both retail traders and industry giants, and one CEO who’s felt the effects firsthand more than most is Galaxy Digital’s Mike Novogratz. The American investor was a recognised LUNA enthusiast before the breakdown of Terra, but he now says recent events are a reminder to remain humble in investments. Breaking a Twitter hiatus that lasted about ten days, Novogratz shared a link to a letter addressing the recent harrowing exper...
Weekly Report: China back atop mining charts as Russia mulls crypto legalisation
Despite China’s ban on crypto mining, it remains among the leaders in hash rate Portugal is issuing regulations to establish capital gains tax on cryptocurrencies Japanese bank Nomura is launching a crypto subsidiary later this year Russia’s trade minister insists crypto legalisation is not a matter of if but when Shopify merchants can now integrate Crypto.com Pay for payments on their storefronts Report: China lags only the US in Bitcoin mining despite ban mid-last year Crypto mining, particularly Bitcoin, has and will foreseeably continue being an environmental concern given that it uses a proof of work consensus model, which by design is energy-intensive. Last year, China banned all cryptocurrency mining in the country over the massive power...
Everdome Announces Upcoming Metaverse Land Auction Date
Dubai, United Arab Emirates, 23rd May, 2022, Chainwire Everdome, the most hyperrealistic metaverse, is giving investors the unique opportunity to own a piece of Mars with land auction(s) set to begin on Monday, May 30, 2022. 12,000 plots of metaverse land, located throughout the Everdome ecosystem, will be available for purchase over eight weeks. Set to launch in three phases throughout 2022, Everdome takes users on an immersive journey from Hatta in the UAE to colonize Mars. The platform leverages cutting-edge 3D scanning technology and Epic Games’ Unreal Engine 5 to deliver state-of-the-art photo-realistic graphics that will leave players wondering about the boundaries between gameplay and reality. From late May, Everdome will offer 12,000 hexagonal plots of land for sale through auction...
Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases
Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia: What do a family holiday to Japan, a 50 Cent album, a steak dinner, and a framed cat photo all have in common? They were all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin community! And just like the Bitcoin pizzas that cost 10,000 BTC, which are now worth more than $300 million, the community’s Bitcoin purchases have also skyrocketed. Benjamin de Waal, the VP of Engineering at Bitcoin exchange Swan Bitcoin told Cointelegraph, “I spent 7 BTC on a family trip to Japan a few years back.” In today’s value, 7 BTC is worth well over $200,000 — but Ben’s happy because his kids are happy: “It would have be...
Interest in Ethereum Name Service reaching ‘critical mass’
The Ethereum Name Service is having its best month on record for new registrations, account renewals, and revenue thanks to community awareness and low gas fees. Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on May 23 the metrics for the Web3 domain service through May so far. He noted numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May left.” May is now an All Time High for every single ENS metric we track – registrations, renewals, revenue (ETH & USD) and income (ETH & USD). And there’s still a week of May left. pic.twitter.com/u0tTcVPr3f — nick.eth (@nicksdjohnson) May 22, 2022 Jonson told Cointelegraph on Monday that the main factor contributing to higher demand in ENS dom...
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam. Harry Denley, a Security Analyst at MetaMask, alerted users that Beeple’s tweets at the time containing a link to a raffle of a Louis Vuitton NFT collaboration were in fact a phishing scam that would drain the crypto out of users’ wallets if clicked. ⚠️ Beeple’s Twitter account has been compromised (ATO) to post a phishing website to steal funds. 0x7b69c4f2ACF77300025E49DbDbB65B068b2Fda7D0xF305F6073CFa24f05FF15CA5b387DD91f871b983 pic.twitter.com/0MPNwOPlEu — harry.eth (whg.eth) (@sniko_) May 22, 2022 The scammers were likely looking to capitalize on a real recent collaboration betwe...
Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs
Twelve years ago today, on May 22, 2010, programmer and early Bitcoin (BTC) miner Laszlo Hanyecz made history when he traded 10,000 BTC for two large pizzas. It was the first real-world cryptocurrency transaction, and media attention from the act legitimized Bitcoin in a big way. Inspired by that delicious turning point in decentralized finance, the Cointelegraph Store has created a fresh new line of merchandise. And you won’t even have to tip your driver when it arrives. Bitcoin Pizza apron The Bitcoin Pizza Organic Cotton Apron will cook up a slice of fashion for the crypto chef in your life. Shield yourself against food mishaps, heat and more kitchen conundrums with this 100% organic cotton apron, complete with adjustable straps and a large front pocket with two compartments. ...
Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs
Twelve years ago today, on May 22, 2010, programmer and early Bitcoin (BTC) miner Laszlo Hanyecz made history when he traded 10,000 BTC for two large pizzas. It was the first real-world cryptocurrency transaction, and media attention from the act legitimized Bitcoin in a big way. Inspired by that delicious turning point in decentralized finance, the Cointelegraph Store has created a fresh new line of merchandise. And you won’t even have to tip your driver when it arrives. Bitcoin Pizza apron The Bitcoin Pizza Organic Cotton Apron will cook up a slice of fashion for the crypto chef in your life. Shield yourself against food mishaps, heat and more kitchen conundrums with this 100% organic cotton apron, complete with adjustable straps and a large front pocket with two compartments. ...
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy Bitcoin when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price history the more one can think it’s not the bottom After 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box) If time is any indicator, could be another 6 to 8 months pic.twitter.com/C1YHnfOzxC — Rager (@Rager) May 20, 2022 This is primarily because interest rates are lower despite Federal Reserve’s recent 0.5% rate hike. Meanwhile, cash holdings among the global fund managers have surged ...
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy Bitcoin when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price history the more one can think it’s not the bottom After 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box) If time is any indicator, could be another 6 to 8 months pic.twitter.com/C1YHnfOzxC — Rager (@Rager) May 20, 2022 This is primarily because interest rates are lower despite Federal Reserve’s recent 0.5% rate hike. Meanwhile, cash holdings among the global fund managers have surged ...
