The creator of the Bitcoin Beach wallet in El Salvador has raised $3 million in a new seed round, the company said in a statement Wednesday. Galoy, a developer of Bitcoin banking software, worked closely with the Bitcoin Beach community to help them to use BTC as money for daily transactions, empowered by the Lightning Network. “The suite of Galoy…
sponsored Whether you are an experienced card game player, a fan of collectibles, or just getting into NFTs, Spellfire Re-Master the Magic is a game to keep your eyes firmly trained on. The creation of a group of crypto developers, Spellfire is a blockchain-based collectible card game (CCG) that finally gives ownership back to its players, in the form of…
Global Impact Week, an industry event which features fintech, policy, climate, healthcare, and media innovations, kicked off in Valencia, Spain, and is ongoing from Dec. 14 to 18. Recent figures put attendance at 100,000, with 500 speakers and 150 live sessions. Cointelegraph’s Editor-in-Chief Kristina Cornèr has been in virtual attendance at the event, moderating the panel titled Fireside Chat: Fintech…
The year-long calls for a $100,000 Bitcoin (BTC) price have fallen to the wayside since the asset struck a new all-time high at $69,000, but traders are not completely dismayed. At the moment, most analysts view the current price range as an optimal accumulation zone. For the past week, markets had been a bit rocky as investors across the globe…
The Federal Reserve said in a statement Wednesday that it will speed up the decrease of its monthly asset purchases starting in January, as inflation keeps rising above its long-run target of 2%. The central bank decided to double the pace of reductions in asset purchases and will now cut it by $30 billion per month, compared to a previous…
United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Addressing a question on crypto from Michael Derby of the Wall Street Journal on Tuesday, Powell supported the conclusions of a report from the President’s Working Group…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Dylan LeClair to go over on-chain data from his popular Deep Dive newsletter. We also tied it into some macro topics involving bitcoin and central banking. Once again, this was recorded live on the Bitcoin…
Cryptocurrency whale activity is usually associated with big price movements, particularly when whale transfers are taking place between an external wallet and an exchange. There are many whale alert tools which market participants monitor to gain insights into what’s happening in the market. A whale that transfers large amounts of BTC to an exchange usually does so to sell their…
In brief Haun’s deals at a16z include funding for OpenSea and Royal Her new fund will focus on crypto and Web3, but she has shared few additional details Katie Haun has cut a broad swath in the crypto world, first learning about Bitcoin as a federal prosecutor before joining the board of Coinbase and then Andreessen Horowitz (a16z) as the…
Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond buying program starting in 2022. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Kind of what we were thinking” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $49,310 on Bitstamp, its…
