After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has impressive capability, it has yet to find mass adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull maket lows under $0.25 after the failure…
In brief Cawthorn said the “Let’s Go Brandon” coin would moon the day before a NASCAR driver claimed a sponsorship affiliation. The coin nosedived shortly thereafter. Rep. Madison Cawthorn (R-SC) lost a recent primary race in the wake of outrageous behavior that included repeatedly breaking the law and accusing fellow members of Congress of engaging in orgies and cocaine use.…
Most decentralized finance (DeFi) protocols aren’t truly decentralized, which means we need proper regulations in place to understand the inner workings of this emerging technology, according to European Parliament vice president Eva Kaili. In an exclusive interview with Cointelegraph at the World Economic Forum Annual Meeting in Davos, Switzerland, Kaili was asked to outline her definition of DeFi. By definition,…
Basketball legend Earvin “Magic” Johnson is the latest athlete to jump into the digital art market, launching “The anthology: Magic Johnson” NFT collection on NBA Top Shot. “I’m really excited to partner with @nbatopshot to release my first NFTs and bring some of my favorite moments from my career to fans everywhere,” Johnson tweeted today. According to NBA Top Shot’s…
After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left the company, the startup saw…
Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr hosted a panel discussion centred around decentralized finance (DeFi) titled ‘Programmable Money is Here — and It’s Changing the World as We Know It’. Panelists included Chief Partnership Officer of SwissBorg, Alexander Fazel; Global Markets Lead of Kraken Europe, Lucian Aguilar; Co-founder and…
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical analysis, a symmetrical triangle can…
Brazilian real estate developer, Gafisa, is now accepting bitcoin as payment for real estate transactions. In order to bring bitcoin to its customers, Gafisa partnered with a cryptocurrency gateway provider known as Foxbit. Bitcoin improves real estate transactions by allowing quick and final settlement of transactions, low fees and removing intermediaries Gafisa, one of the largest Brazilian real estate developers,…
The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before “a real breakout.” The seven-day moving average of the on-chain transaction volume tracked by Glassnode hit a nine-month low…
Crypto is another step closer to mainstream acceptance as a payment method—if buying $1,250 hoodies that come pre-destroyed can be considered mainstream, that is. Starting next month, French luxury fashion label Balenciaga will begin accepting Bitcoin and Ethereum as payment online and at select brick-and-mortar locations, according to The Wall Street Journal. The move makes Balenciaga the latest legacy fashion…
