On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss why the crypto market is dumping after the Ethereum merge and why the bears are winning. To kick things off, we broke down the latest news in the markets this week. Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week. Bitcoin (BTC) faces…
MicroStrategy’s stock dropped 6% at the opening bell on Tuesday after its executive chairman Michael Saylor announced the firm had purchased another 301 Bitcoin, totaling $6 million at the time of purchase. The latest purchase brings the business intelligence firm’s total holdings to 130,000 Bitcoin. In its filing with the Securities and Exchange Commission (SEC) today, MicroStategy began its latest…
In brief Nova Labs and T-Mobile have partnered to launch Helium Mobile, a 5G wireless service for smartphones. It will use Helium’s decentralized, crypto-powered 5G network as well as T-Mobile’s network, and switch between the two as needed. Crypto-fueled wireless network Helium will soon be able to introduce its mobile 5G vision to many more users. Today, Helium network founder…
Colorado has become the first U.S. state to accept bitcoin for tax payments. Gov. Jared Polis announced the implementation of the new payment method on Monday, at Denver Startup Week, according to a report by Axios Denver. Citizens can use cryptocurrency to pay individual income tax, business income tax, sales and use tax, withholding tax, severance tax and excise fuel…
Ethereum’s switch to proof-of-stake (PoS) on Sep. 15 failed to extend Ether’s (ETH) upside momentum as ETH miners added sell-pressure to the market. On the daily chart, ETH price declined from around $1,650 on Sep. 15 to around $1,350 on Sep. 20, an almost 16% drop. The ETH/USD pair dropped in sync with other top cryptocurrencies, including Bitcoin (BTC), amid…
The sustainability movement has emerged as a 21st century megatrend, and it shows no signs of abating. Record heat in Europe, wildfires in the U.S. West, floods in Pakistan, drought in China, and accelerating ice cap melt in Greenland and Antarctica have driven home to many the looming threat of climate change. Meanwhile, the New York Times declared in December…
BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help protect users against scams, malicious actors and possible exploits. The security-centric decentralized autonomous organization (DAO) has been developed in association with leading security firms and popular crypto projects such as Certik, TrustWallet, PancakeSwap and Opera, to name a few. The AvengerDAO security initiative mainly…
Insurance is key for financially securing important assets. Yet, the cryptocurrency sector — which is predicted to reach a global market size of $4.94 billion by 2030 — may be lagging behind when it comes to insuring digital assets. For instance, it’s been noted that less than 1% of all crypto investments are currently insured. This statistic is alarming, considering…
Bitcoin mining company Riot Blockchain Inc. and on-chain analytics firm Blockware Solutions have released a report detailing the future scalability of Bitcoin transaction fees, per a release sent to Bitcoin Magazine. The report notes that the average transaction size per individual currently represents 1-5 Bitcoin transactions per year and explains this would likely evolve to 1-5 transactions per day of…
Following the publicly-listed mining operation Terawulf’s announcement that the firm’s Lake Mariner mining data center is up and running with 30 megawatts (MW) of capacity, 11 days later, the company has revealed the operation of nearly 12,000 miners at the facility in New York. Between the owned and hosted hashing capacity at Lake Mariner, Terawulf has 1.3 exahash per second…
