Molly White, a longtime editor of Wikipedia who edits under the username GorrilaWarfare, has submitted a proposal that seeks to end the Wikimedia Foundation’s acceptance of crypto donations. The Wikimedia Foundation is a nonprofit charitable organization that has been set up to fund Wikipedia. White’s concerns revolve primarily around the environmental impact of cryptocurrencies. Currently, Wikipedia accepts Bitcoin, Bitcoin Cash,…
Dogecoin (DOGE) and Shiba Inu (SHIB)—the industry’s two most-popular meme coins—have both rallied by over 12% in the last 24 hours, leading the charge in the broader cryptocurrency market. According to data from CoinGecko, DOGE is up 13.3% over the day, changing hands at $0.175 by press time. SHIB rallied 12.3% over the same span to the current value of…
According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. Ryval’s Initial Litigation Offering Concept…
Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher overnight following the previous day’s…
The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities including the SBP submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are illegal and cannot be used…
China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry. The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to…
The CEO of Swiss-based financial institution SEBA Bank shared his predictions for Bitcoin in 2022. A boon for BTC bulls, Guido Buehler was optimistic about institutional adoption and a price increase to $75,000 per coin. He explained in an interview that, at SEBA, asset pools are looking for the right time to invest. However, they need the right counterparties and the necessary regulation…
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that the history of the U.S.…
Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon. Almost one out of four small and mid-size businesses (SMBs) that participated in a survey…
N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondered whether focusing on cryptocurrency instead of going global may have been a better idea. The company closed operations in the U.K. and is now exiting the U.S.…
