August was the worst month for the crypto markets since Bitcoin (BTC) bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded on the derivatives market, erasing 7.3% of BTC’s and 6.9% of Ether’s (ETH) value. Grayscale’s court victory was only a temporary reprieve from…
Crypto winter keeps sparking consolidation among crypto firms. The latest deal in the industry is the acquisition of payments and accounting platform Gilded by one of its competitors, Bitwave. According to a statement shared with Cointelegraph, the acquisition is expected to enhance Bitwave’s enterprise solutions, including crypto payments and invoicing features, as well as tools for tax tracking and bookkeeping.…
European Union president Ursula von der Leyen announced a new initiative to give artificial intelligence (AI) startups expedited access to European supercomputers. The announcement came during the president’s 2023 E.U. State of the Union address on Sep. 13. We have to ensure AI develops in a human-centric, transparent and responsible way. I believe , together with partners, should lead the…
On Episode 30 of Hashing It Out, Elisha Owusu Akyaw speaks with Sara Drakeley, CEO of MobileCoin, a company enabling cryptocurrency payments through instant messaging applications such as Signal. Drakeley talks about going from working on animated films like Frozen and Moana at Disney to entering the cryptocurrency space. She also shares her experience as a mother in crypto and…
The Macy’s Thanksgiving Day Parade, one of the most iconic events surrounding the United States holiday in November, will feature characters from the crypto and blockchain space for one of the first times in its 99-year history. In a Sept. 14 announcement, Web3 firm Cool Cats Group said some of the characters from their nonfungible token (NFT) collection will appear…
Criticisms aimed at the perceived centralization of Ethereum (ETH) staking pools may finally be quelled by an alternative staking infrastructure that aims to improve private key security and reduce validator down times and slashing penalties. Speaking exclusively to Cointelegraph, SSV.network founder Alon Muroch outlined how the platform’s distributed validator technology (DVT) developed in partnership with the Ethereum Foundation will help decentralize…
Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation. BTC/USD 1-hour chart. Source: TradingView Bitcoin gains while U.S. PPI beats forecast Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it made new September highs, topping out at $26,762. Bitcoin built on strength seen after the…
Many who aren’t crypto industry insiders may view “Bitcoin” and “crypto” as basically synonymous. While members of the traditional finance industry know that there’s much more to crypto than Bitcoin, they also know that Bitcoin’s performance and health serve as a bellwether for the acceptance and growth of the overall crypto industry. Monitoring select blockchain metrics can help financial institutions…
The Lightning Network is a faster and cheaper form of Bitcoin, but using it without a custodian can be a nightmare, requiring businesses accepting Lightning payments to know much more about the inner workings of Lightning “liquidity” than they’d like. In super simple terms, businesses need liquidity to send and receive payments on the Lightning Network. But getting it in…
Forex trading, commonly referred to as foreign currency trading, entails buying and selling other currencies to increase one’s financial gain. Forex trading involves trading fiat currency pairings and is open 24 hours a day during weekdays — i.e., closed on weekends — with trading sessions in major financial hubs, such as London, New York, Tokyo and Sydney. The first currency…
