After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis. Recent moves have seen bitcoin (BTC) move below $20,000, with ethereum (ETH) dropping under $1,200 as market sentiment has shifted. This shift has come as a result of the rise in consumer prices, with global…
If you’ve ever used a cryptocurrency exchange or bought an NFT, it’s likely that you will have had to perform a know-your-customer (KYC) check to verify your identity. KYC checks are a key part of the global financial system’s infrastructure, and enable cryptocurrency businesses to remain compliant with anti-money laundering (AML) regulations. For states and regulators, KYC requirements are a…
On Tuesday, the product team at cryptocurrency exchange Binance held an ask-me-anything session with users on Reddit. Of particular interest was a discussion that arose regarding retrieval fees for crypto sent on different networks than the recipient’s wallet address on Binance. According to user Maxx3141, who brought up the issue: “I accidentally send WETH [wrapped Ether] to my Polygon address…
The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However, Bitcoin (BTC) may have seen…
Bitcoin has officially entered the Guinness World Records for a number of entries, the first of which is being recognized as the “first decentralized cryptocurrency.” “Bitcoin was developed as a solution to the challenge of regulating a digital currency without any centralized organization,” reads the entry. Indeed, Bitcoin does offer decentralized consensus through proof-of-work, as Guinness mentions, though the record…
On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets. To kick things off, we break down the latest news in the markets this week: Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks…
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans to leverage unorthodox means to…
A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse, and nonfungible tokens (NFTs). Licensed trademark attorney Mike Kondoudis shared in a tweet that Kraft Foods Group had filed a trademark for its iconic hot dog-shaped Weinermobile on Oct. 12. The filing revealed that the brand plans to…
The European Union is set to develop an energy efficiency label for blockchains. The European Commission has introduced these measures as part of wider plans to control the energy consumption of the ICT sector, including an environmental labeling scheme for data centers, an energy label for computers, and measures to make clearer how much energy telecoms services use. “The aim…
Polygon was one of Tuesday’s notable gainers, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third straight session. Cosmos also extended recent gains, climbing to its strongest point in recent days. Polygon (MATIC) Polygon (MATIC) was a notable gainer on Tuesday, as the token rallied for a third…
