On this week’s The Market Report show, Cointelegraph’s resident experts discuss why the British pound is at its all-time low and how that might impact the cryptocurrency market. To kick things off, we break down the latest news in the markets this week: Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016 A classic snap of sideways…
Bitcoin (BTC) crossed under $20,000 after the Sept. 27 Wall Street open as United States equities inched higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. dollar has room to run — trader Data from Cointelegraph Markets Pro and TradingView confirmed the $20,000 mark barely remaining as tentative support on the day. BTC/USD had managed local highs of $20,344 on…
press release PRESS RELEASE. New York, 09/27/22: US-based Posh Markets Inc has announced the presale of PoshCoin, the all-new cannabis cryptocurrency, on September 28, 2022. With this presale, the company aims to offer end users – cannabis fans an opportunity to gain insights into PoshCoin before unveiling it to the general public. The much-awaited presale of PoshCoin will happen on…
The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country. In a Monday update to its list of registered cryptoasset firms in the U.K., the FCA showed Revolut was in compliance with amended regulations from 2017 on ‘Money Laundering, Terrorist Financing…
The International Monetary Fund (IMF) highlighted some potential issues surrounding a proof-of-stake (PoS) approach to blockchain infrastructure as part of a recent paper, making suggestions for a regulatory framework that could limit global digital asset risks. PoS is an alternative to the proof-of-work (PoW) consensus mechanism, which Bitcoin uses, and the older pre-merge version of Ethereum used. Instead of dedicating…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” Bitcoin is a combination of many innovations — technological, mathematical and scientific. It, of course, includes cryptography, timestamping, hashing and proof of work, the combination of which has given rise to new forms…
According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it “underscores the need for independent…
The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few months. In a Sept. 27 announcement on Twitter, Harrison said he will be resigning his position as FTX US president but wilremain with the exchange “with the goal of removing technological barriers to full participation in and…
Christine Lagarde of the ECB, the Federal Reserve’s Jerome Powell, and BIS general manager Agustin Carstens attended an online panel hosted by the Bank of France on Tuesday to share their thoughts on the decentralized finance (DeFi) sector, agreeing that a broader regulation is warranted. According to Bank for International Settlements (BIS) general manager Carstens, one of the big problems is…
Multi-party computation (MPC) developer MPCH Labs has concluded a Series A funding round totaling $40 million ahead of the planned launch of its Fraction digital asset operating platform later this year. The funding round was led by Liberty City Ventures, the same venture studio that incubated MPCH Labs, with additional participation from QCP Capital, Global Coin Research, Polygon Studios, Quantstamp,…
