A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are Tied to Illicit Activity A…
United Kingdom Bitcoin (BTC) payments adoption just recruited a new player. Oxford City Football Club looks to become the first National League football club to accept matchday payments in BTC when the season kicks off on Aug. 6. Fans will be able to purchase tickets, food and drink at Oxford City’s RAW Charging Stadium with Bitcoin over the Lightning Network.…
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape the metaverse and Web3 strategies…
Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report. The findings come from an August 2 report sent to Cointelegraph by technology investment firm Telstra Ventures, which found that Solana had the most significant annual increase in monthly-active contributors, growing…
Decentralized mental health services could be the answer to the looming shortage of mental health professionals, according to professors from John Hopkins University based in Baltimore. Speaking to Cointelegraph, Dr. Johannes Thrul from the John Hopkins School of Mental Health postulated that the mental health support sector could take a page from Decentralized Autonomous Organizations (DAOs) by offering support services in…
The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller. Speaking with Cointelegraph, the Australian crypto exchange head argued that sectors such as Ethereum-based decentralized finance (DeFi) revealed its fundamental strength this year by weathering severe…
This is an opinion editorial by Max Borders, a well-published author and a contributor for Bitcoin Magazine. Well into the Great Recession, arch-Keynesian Paul Krugman wrote that what drew him to economics was, “The beauty of pushing a button to solve problems.” Yet economies don’t have buttons. Similarly, imagine someone who claimed they could build, fix or run the Great…
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the parent company of crypto lender…
This is an opinion editorial by Mike Ermolaev, head of public relations at the ChangeNOW exchange and a contributor for Bitcoin Magazine. A much-awaited recovery rally has occurred for bitcoin prices after a month of consolidation around $20,000. Interestingly, this coincides with the previous cycle peak in 2017. Short-term momentum remains favorable, while longer-term macro indicators suggest a firmer foundation…
Ethereum Name Service domain ownership surpassed 1.8 million names, with 378,000 new .eth registrations in July alone, according to ENS Domains. The surge in registrations comes as the Ethereum community prepares for the upcoming merge next month, which will switch the top blockchain for dapps, DAOs, and NFTs from a proof-of-work consensus algorithm to proof of stake. In the tweet…
