Coinbase Chief Product Officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022 and he foresees major advances in the scaling of Ethereum. Industry leaders, analysts, and investors are sharing their 2022 predictions for the crypto ecosystem, and Coinbase’s Surojit Chatterjee is confident that Ethereum will be at the forefront of Web3 and the…
New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a fine of $1.4 million. Polymarket is a decentralized platform that enables users to bet on the outcomes of event markets such as pro-sports games and political elections via binary options contracts. On Jan. 3, the CFTC announced that it had…
In brief Bitcoin had a great 2021. So did a lot of stocks. When it comes to investing, it’s hard to quibble with an annual return of 60%. And yet Bitcoin holders earned lower yields in 2021 than one of the Web2 companies that crypto is trying to overtake: Alphabet (GOOGL). Bitcoin had a lackluster December, limping into the new…
Although 2021 was a good year for the cryptocurrency industry in terms of market performance, the number of jurisdictions banning crypto has more than doubled since 2018. A report by the Library of Congress (LOC) details the nine jurisdictions that have now applied an absolute ban on crypto and the 42 with an implicit ban. This is up from eight…
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto Enforcement Action of the Year…
Fantom (FTM) looks poised to hit a new record high in the coming sessions after its 125% price rebound from $1.23 on Dec. 14, 2021, to $2.84 on Jan. 3, 2022 triggered a classic bullish reversal setup. Dubbed inverse head and shoulders (IH&S), the setup appears when an asset forms three troughs below a so-called neckline resistance, with the middle…
Perhaps no contributor to Bitcoin Magazine has explored the moral and ethical imperative of Bitcoin more extensively than Alex Gladstein. Gladstein is the chief strategy officer at the Human Rights Foundation and he has also served as vice president of strategy for the Oslo Freedom Forum since its inception in 2009. His unique ability to paint a detailed picture of…
Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022. One project is…
2021 was a volatile yet highly fruitful year for cryptocurrencies. The crypto market capitalization tripled from under $800 billion on January 1 to around $2.2 trillion today, with some assets doing astronomical returns in terms of both price and users. And those increases were distributed across the ecosystem, as Bitcoin and Ethereum went from making up 80% of the market…
Marathon mined 3,197 bitcoin in 2021, an 846% increase from the previous year.In December, the company produced 147% more bitcoin than in November.Marathon received over 10,000 new mining rigs from Bitmain during December. Bitcoin mining company Marathon Digital Holdings had a record year in 2021 as it produced over 3,000 bitcoin, up from 338 BTC in the previous year, the…
