Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors. The new exchange will be backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released Sept. 13. Jamil…
Exchange-traded funds (ETFs) have grown in popularity as a means of investing since the mid-1990s due to their intraday liquidity and low transaction costs. In general, ETFs track a specific index and are generally traded on exchanges. In a securities market, ETFs allow investors to trade their shares continuously throughout the trading day, unlike mutual funds, which only permit investors…
On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases” and to develop a “secure, multi-purpose open source engine” that anyone can use to build a wallet. Linux Launches…
What is bitcoin mining? Bitcoin mining is the pillar that keeps the Bitcoin system upright, functioning, and thriving. It is based on a type of governance mechanism called a distributed proof-of-work (PoW), designed to incentivize participation and facilitate Bitcoin’s network growth, security, and decentralization. Bitcoin issuance is identified as mining because it recalls mining gold and other minerals, even though…
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it will be issuing IOU tokens in an effort to “minimize the impact of withdrawal suspension” for users. In a Tuesday blog post, Poolin said its wallet service will be releasing IOU ERC-20 tokens for users unable to withdraw their Bitcoin (BTC), Ether (ETH), Tether (USDT), Litecoin…
press release PRESS RELEASE. Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange. Based on the world-class digital asset exchange technology, CoinFloww is proud to launch at a time when crypto exchanges are fighting for rights and struggling…
Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022. Ahead the event on Monday, the Foundation announced the addition of eight newest members to its international community, namely: CasperLabs, Realto Group, BCW Group, Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada, International Association…
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the significance of the Ethereum Merge, the latest CPI data, important things to know in Bitcoin (BTC) this week and altcoins analysis. To kick things off, we broke down the latest news in the markets this week. Bitcoin price sheds $1K in 3 minutes as US CPI inflation overshoots. Bitcoin‘s…
In brief BitGo has filed suit against Galaxy Digital after the investment firm terminated its planned acquisition of BitGo. Galaxy Digital previously claimed that it would not owe a termination fee for exiting the deal. Digital asset custodian BitGo has filed a lawsuit against crypto investment firm Galaxy Digital, following through on its announced plan to seek more than $100…
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of 8.3%, According to the Latest…
