Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks. The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at…
Tesla CEO Elon Musk has changed his profile picture on Twitter to a collage of Bored Ape Yacht Club images. At the center of Elon Musk’s new picture is a gold-furred chimpanzee wearing blue translucent glasses, Bored Ape #5809. There’s no indication Musk owns the NFTs in question, though that hasn’t stopped the Ethereum address holding the Bored Ape from being…
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, El Salvador is still waiting…
Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this worry might not be overblown after all: as the European Central Bank’s (ECB) latest presentation hints, user anonymity is not a desirable design option. On May 3, crypto…
Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls pin hopes on history Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 Tuesday evening. A subsequent bounceback saw the pair clip $39,000…
Known only as blocmates on Twitter, Grant is a crypto content creator that “your dad could understand,” and he specializes in DeFi which often has the most difficult kinds of crypto products to understand. He recently joined the Bitcoin.com News Podcast to talk about the market: Among the many interesting topics discussed this episode are the problems with the current…
LGT Group, a top family-owned private banking and asset management group, is moving into cryptocurrency by launching Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein. Managing over $292 billion of assets, LGT Bank is preparing to debut digital asset custody and trading services in cooperation with Swiss cryptocurrency bank Seba, according to a joint announcement released on…
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian Payment System Qiwi Hackers from Network Battalion 65 (NB65), a group linked to the decentralized…
It’s all fun and games until your favorite canine crypto starts hemorrhaging gains. And this week, Dogecoin and Shiba Inu have done just that. The largest meme coin by market capitalization Dogecoin (DOGE) is currently down almost 8% over the past seven days. This puts the price of DOGE at roughly $0.13 a pop, according to CoinMarketCap. Since the token’s…
Popular podcaster Joe Rogan just gets Bitcoin (BTC). In his most recent podcast with Khalil Rountree, a renowned mixed martial (MMA) fighter, Rogan explained that BTC is something that the “government didn’t see coming.” “I think of Bitcoin the same way I think of the early internet. They [the government] didn’t see it coming and now it’s a viable form…
