In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs. The BIS highlighted the ability of current sovereign fiat money to provide (relative) price stability and public oversight while criticizing crypto’s lack of…
SHIB was trading almost 15% higher during today’s session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12. Shiba Inu (SHIB) SHIB was once again in the green on Tuesday, as it continued to move away from this weekend’s lows. Over…
IBEX onboarded 85 merchants to the Bitcoin Lightning Network in Miami, Florida.The onboarding follows a successful large-scale merchant trial IBEX conducted this April at Bitcoin 2022.The company has deployed a dedicated customer service team to Miami which will serve as a model moving forward. IBEX, an infrastructure provider for Bitcoin’s Lightning Network, has onboarded 85 new businesses to the network…
Noma, a Japanese film studio, has announced that it is producing three feature films that are based on the world of cryptocurrencies. The first film, titled The Rhetoric Star, is already in production and will be released in 2024. In an announcement sent to Cointelegraph on Tuesday, Taichi Ito, the founder of Noma and a producer of the series, said…
Luxury watchmaker Hublot is accepting bitcoin as payment for a limited-edition watch collection.Hublot partnered with BitPay to accept bitcoin with its U.S. eBoutique and will continue to accept bitcoin through this outlet.Other luxury brands, such as Gucci, Balenciaga and Tag Heuer also accept bitcoin. Swiss-based luxury watchmaker Hublot is now accepting bitcoin as payment, beginning with a limited-edition release of…
As the market gets hot with the recent price drops, traders need a way to stay cool and take a break from looking at their portfolios. Cointelegraph has dropped a summerwear collection to help holders express their identity as crypto believers, especially when it’s time to take a dip at the pool or the beach. Inspired by Bitcoin (BTC) and…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a trip to near $21,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst eyes diminishing BTC stocks correlation Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $21,633 on Bitstamp, its best performance since June 16. The largest cryptocurrency managed to avoid fresh losses…
Ethereum creator Vitalik Buterin has once again hit out at the much-discussed stock-to-flow (S2F) price model for Bitcoin, calling it “harmful.” Quoting a Tuesday tweet by Ethhub co-founder Anthony Sassano, who described stock-to-flow “an epic failure,” Buterin agreed that the price model “is really not looking good now.” “I know it’s impolite to gloat and all that, but I think…
Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value while zcash shed 56% against the U.S. dollar. Privacy Coin Economy Sheds Billions Since End of April The top five privacy crypto coins…
Deloitte has partnered with Bitcoin bank NYDIG to onboard businesses and further the adoption of BTC.Deloitte advises businesses worldwide, including 90% of the Fortune 500 companies. The partnership seeks to improve upon reliability and accessibility for businesses around the world hoping to integrate Bitcoin products and services. Global consulting services company Deloitte, one of the Big Four accounting and consulting…
