New York’s State Senate has passed a bill in a 36-27 vote placing a two-year moratorium on proof-of-work (PoW) cryptocurrency mining with fossil fuels, the method used for mining bitcoin. The moratorium placed by New York states: New applications will not be accepted, nor will new permits be issued “for an electric generating facility that utilizes a carbon-based fuel and…
Crypto asset prices crashed in early May, when BTC fell nearly -32% from $39,500 to $27,000 within a week. Could this be the beginning of a long crypto winter? Or do the on-chain metrics tell a different story? In Kraken Intelligence’s latest report, Survival Mode, the team investigates key on-chain data points to explore where the crypto market stands today…
Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin City announced last year by…
Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting. Data from monitoring firm Arcane Research published this week shows that Bitcoin exchange-traded products (ETPs) now have record high BTC under management. “Happier days” for Bitcoin ETPs as buyers pile in Despite BTC price action failing to…
Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At…
In brief The BIG3 pro basketball league, co-founded by rapper Ice Cube, is offering team ownership stakes via NFTs. The mint will continue on June 10, with the bulk of the NFTs rebranded and now offering additional benefits to owners. Rapper and actor Ice Cube’s BIG3 basketball league is using Ethereum NFTs to decentralize team ownership, and the initiative has…
The Bitcoin network may be powered by unbiased math, but the users who transact with bitcoin are ruled by the neurons coursing through their brains, so mental health is truly the foundation of financial sovereignty. And watching the market value of bitcoin fluctuate can be incredibly stressful. It’s crucial for bitcoin investors to question their own motives when they want…
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called…
The upper house of Japan’s parliament has just passed a landmark law clarifying the legal status of stablecoins, essentially defining them as digital money, per a Bloomberg report Friday. The bill, initially prepared by Japan’s Financial Services Agency (FSA), was first announced in December 2021 and passed Parliament in March before being approved by a majority during today’s House of…
WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over…
