The latest survey carried out by Cointelegraph Research among 84 professional investors across the globe revealed that out of $316 billion in assets managed by the respondents, 3.3%, or approximately $10.42 billion, is invested in cryptocurrencies. Some surveyed investors reported over 50% exposure to digital assets, but respondents’ median percentage invested in cryptocurrencies stands at about 3%. The risk-return ratio…
ShapeShift, a noncustodial crypto exchange and decentralized autonomous organization (DAO), has taken additional steps toward complete decentralization by migrating users to a new open-source application — a move the organization said would enhance user mobility. The organization announced that as of Oct. 19, all native web users of the ShapeShift platform have migrated to a decentralized version of the application.…
In brief Helius, a Solana infrastructure startup, raised a $3.1 million seed round. The development platform was co-founded by former Coinbase and Amazon engineers. Solana infrastructure startup Helius today announced that it raised a $3.1 million seed round co-led by Reciprocal Ventures and Chapter One, in an effort to provide the tools to help developers build Web3 applications in less…
Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today’s move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak. Monero (XMR) Despite cryptocurrency markets mostly trading…
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.” It’s October 2022. Bitcoin is once again below $20,000. R.I.P. bitcoin. You have finally died. You’ve lost your luster. The Ponzi has ended. The show is over. It’s time to go home. Next…
Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent high. The Bank of England is 8% off the inflation…
Bitcoin (BTC) sagged with United States equities at the Oct. 19 Wall Street open as markets awaited tech earnings. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eurozone sees fresh all-time high inflation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 after falling steadily overnight. Still trapped in a tight range, the pair offered few cues to traders…
At least 3 million new users have turned to crypto, scrambling to scoop up one of Reddit’s Collectible Avatars NFTs. Redditors have created more than 3 million Reddit Vault wallets to buy and trade NFT avatars, which are based on the platform’s Snoo character, since the series launched in July, according to chief product officer Pali Bhat. Bhat was speaking…
The Law Commission of England and Wales hopes to establish the United Kingdom as a leading jurisdiction to grapple with legal disputes involving emerging technologies like cryptocurrencies, digital assets and electronic documentation. The project, dubbed “Digital Assets: Which Law, Which Court?” was announced on Oct. 18 with the aim of reviewing international legal challenges involving cryptocurrencies and providing recommendations for…
Cardano (ADA) price is in the process of painting its seventh red monthly candle in a row as the token fell to its lowest level since February 2021. The trend saw ADA’s price rising nearly 800% to $3.16 between February 2021 and September 2021, followed by a complete wipeout of those gains entering October 2022. Amusingly, the entire price action…
