crypto blog
Overwhelming support for Grayscale BTC Trust ETF conversion proposal
The U.S. Securities and Exchange Commission has allowed comments and feedback on a proposed rule change that would convert Grayscale’s Bitcoin Trust to a spot-based exchange-traded fund (ETF). A notice of filing a proposed rule change to list and trade shares of Grayscale Bitcoin Trust as a spot-based ETF has generated a long list of comments with a large majority in approval. Bloomberg’s senior ETF analyst Eric Balchunas had a look through some of the more recent comments on Feb. 15 observing that 95% are in favor of the proposed conversion. Just glancing through the many comments from ppl to the SEC re converting $GBTC to an ETF and 95% are in favor of it and most using real names and pointing to the stupefying fact that futures ETF ok but spot not. eg: pic.twitter.com/j15iNYnh8R — Eric ...
Best cheap tokens to buy in February
Getting into the cryptocurrency industry might seem extremely expensive in the eyes of people who are starting with their investments or purchases for the very first time, but this couldn’t be further from the truth. While some platforms will even allow you to buy a fraction of a Bitcoin (BTC), which is worth well over $40,000, and will essentially allow you to buy $50 or $100 worth of BTC, a lot of users might prefer owning the entirety of a token, or a coin. This is where altcoins come into the picture, cryptocurrencies which are alternatives to Bitcoin. Some of these have an extremely affordable entry point and are cheap to buy by just about anyone. Most of the time, these cryptocurrencies tend to be used online for transacting more than the expensive tokens due to the fact that t...
Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains
It’s a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla’s CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that Tesla would abandon plans to accept BTC, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” However, a recent report published by CoinShares notes that despite the widespread use of coal, oil and gas for Bitcoin mining, the network accounts for less than 0.08% of the world’s CO2 production. During an exclusive interview with Cointelegraph, Kristian Csepcsar, chief marketing officer at Slush Pool, the oldest Bitcoin mining pool, gave insight on what he believes are ...
Report: 74% of stolen funds from ransomware attacks went to Russian-affiliated wallet addresses in 2021
According to a new report published by blockchain analytics firm Chainalysis on Monday, approximately 74%, or over $400 million USD, of ransomware revenue last year were funneled into high-risk wallet addresses that are likely to have been based in Russia. The report analyzed ransomware hacks throughout 2021 and determined their affiliation to Russia through three key characteristics: Traces of Russia-based cybercriminal organization Evil Corp being behind a given breach; the group has alleged ties to the Russian government. Ransomeware programmed only against victims of non-former-Soviet countries. Ransomware strains that share documents and announcements in the Russian language. In addition to the selection criteria, it appears that web traffic data confirms the vast majority of ext...
Bitcoin price consolidates in critical ‘make or break’ zone as bulls defend $42K
The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $43,000 and awaiting some spark in momentum that can sustain a rally back to the $50,000 range. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has traded in a range between $41,500 and $43,000 over the past couple of days and with tensions between Ukraine and Russia escalating, many traders are less than optimistic about Bitcoin’s short-term prospects. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what analysts are saying about their short-term expectations for Bitcoin price. Is Bitcoin on a path to zero? Well-known cryptocurrency perma-bear Peter Schiff made sure to chime in on the latest struggles for Bitcoin by post...
Where do crypto donations go? Here are six charities that have benefited, as told by The Giving Block
Charities and donations have been a trending topic in the cryptocurrency realm as of late. And it’s not simply an act of giving. In countries such as the United States, the country’s revenue authority provides generous tax deductions for those who donate their crypto to registered charities. One company, The Giving Block, provides such crypto-fundraising onboarding solutions to more than 1,000 nonprofits. But just how does investors’ money make a difference? In a series of case studies provided to Cointelegraph, The Giving Block illustrated how six such charities benefited as overall donations volume on its platform surged over 1,000% year over year in 2021. As told by Tammy Tibbetts, co-founder and CEO of She’s the First, a charity organization helping gender equal...
Cardano founder not sold on the idea of a Bitcoin world reserve currency
Charles Hoskinson is pessimistic of Bitcoin becoming the world reserve currency of the future He cited, among other reasons, the lack of smart contract functionality and low throughput Input Output Hong Kong CEO Charles Hoskinson has opined that Bitcoin is not fit to become a world reserve currency but acknowledged that it could evolve into suitability for the role. Hoskinson was responding to a question by Crypto Jebb on YouTube that sought to establish what evolution away from the dollar would be like. Despite Bitcoin’s first mover advantage, the Cardano CEO dismissed its submission as a world reserve currency, explaining that it was plagued by characteristics that “don’t make it very desirable.” So, why not Bitcoin? As a Proof of Work digital asset, Bitcoin mining consumes massive amoun...
Best meme coins to buy in February
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Top 3 altcoins worth taking a look at in February
While Bitcoin (BTC) has remained as one of the largest cryptocurrency tokens in terms of market capitalization, it is not the only coin within the crypto industry, and for investors that want to diversify their portfolio, knowing which altcoins provide them with solid opportunities plays an essential role in their overall decision-making process. This is due to the fact that many altcoins historically have showcased the huge potential for growth, and as such, play a major role in shaping the overall cryptocurrency market. However, with a vast number of altcoins available, in fact, over 17,000 at the time of writing, it can be a challenge to decide which one to pick. As such, today, we will be going over the top 3 altcoins that are worth taking a look at throughout February of 2022. What is...
Super Bowl 2022: Here’s the scoreboard of crypto ads
Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship, and for businesses, it’s a fair sign of making it in the real world. This year, however, marked a new milestone for the crypto community as FTX, eToro, Crypto.com and Coinbase debuted crypto ads during Super Bowl 2022. With rising demand in crypto — recently fueled by nonfungible tokens, meme tokens and the metaverse — Super Bowl crypto ads stole the limelight from traditional businesses on social media platforms such as Twitter. Let’s gauge the advertisements and echo the feelings expressed by the community. Coinbase Super Bowl 2022 commercial Coinbase is one of the most popular crypto exchanges in the United States, often taking the No. 1 spot for being the most downloaded...
NBA merch designer turned to blockchain to help end world hunger
When he’s not designing merch for the NBA or supplying coffee for big retailers, Shawn Kurz is fighting world hunger with the help of blockchain technology. Motivated to mend the shortcomings of traditional charity systems, Kurz founded FoodChain Global (FCG), an organization that uses a blockchain-based ecosystem to support charitable initiatives targeting global hunger. Enlisting the help of Cody Boyd, a former military systems engineer, to lead a blockchain development team, FCG has launched digital asset products such as FoodChain Global token (FOOD) and nonfungible tokens (NFT) and uses the profits to supply food to food banks. Kurz told Cointelegraph that the project aims to bring the fight against global hunger to younger generations. The team aims to continuously ...
Singaporean megabank DBS works on expanding Bitcoin trading to retail
DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO. DBS Bank CEO Piyush Gupta spoke of the bank’s cryptocurrency business during the Q4 2021 earnings call on Monday, stating that the company will focus on measures to further scale its crypto exchange operations in 2022. During the call, Gupta was asked whether DBS Bank has a roadmap for rolling out digital asset trading to retail investors. While the CEO did not provide a straightforward answer, he still said that DBS Bank did initiate some work in order to expand its current investor base, stating: “We’ve started doing the work on seeing how we get in a sensible way, take it out and expand it beyond the current investo...
