American fast-food chain White Castle took to Twitter to announce that it had just registered with the Ethereum Name Service (ENS). ENS has been compared to the crypto version of the Internet’s Domain Name System (DNS). Like purchasing a domain, White Castle now owns the whitecastleofficial.eth address. Instead of a string of numbers and letters, people could now hypothetically send…
Growing inflation has become a mounting concern for nations around the world, especially the United States. The U.S. has seen one of the sharpest rises in consumer inflation over the past year. Lawmakers around the globe have claimed that they didn’t see the inflation coming, but people often draw their attention towards the seeming unrestricted money printing spree throughout the…
According to a report by The Economist, in the first nine months of 2021, the crypto industry spent $5 million lobbying the United States Senate–half of which was spent in Q3 alone, amounting to quadruple the amount spent over the same period last year. Coinbase was one of the biggest supporters of the cause, spending $625,000 in Q3. Jack Dorsey’s…
The Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate digital assets that have been involved in criminal activities. Russian Prosecutor General’s Office Prepares Amendments Allowing Seizure of Cryptocurrency With cryptocurrencies being only partially regulated through the law “On Digital…
The world’s biggest football clubs have earned big money on fan tokens, according to the BBC. “Analysis commissioned by BBC News estimates more than £260 million ($350 million) has been spent on the virtual currencies,” the BBC said. According to the BBC’s findings, 24 clubs across several European leagues have launched or are considering launching fan tokens. Eight of those…
Blockchain data platform Chainalysis will add support for the Lightning Network, a layer two protocol on the Bitcoin blockchain, in February 2022. The integration will make the Chainalysis Know Your Transaction compliance software available to companies that process Bitcoin payments through Lightning nodes. It also means that virtual asset service providers (VASPs), like exchanges, will be able to handle Bitcoin…
Bitcoin has played a central role in financing the white supremacy movement, according to a new Hatewatch analysis published by the Southern Poverty Law Center. “Hatewatch identified and compiled over 600 cryptocurrency addresses associated with white supremacists and other prominent far-right extremists for this essay and then probed their transaction histories through blockchain analysis software,” the SPLC said. “What we…
The International Monetary Fund (IMF) has warned of “systemic” financial stability risks from the growing crypto sector and called for “comprehensive, consistent and coordinated” global regulation of the industry. In a blog post, the IMF’s Tobias Adrian, Dong He, and Aditya Narain argued for “comprehensive international standards” to address the risks posed to the financial system from cryptocurrencies, while calling…
Bitcoin (BTC) recovered above $48,000 on Dec. 10 after another fall took BTC/USD to lows of $47,350 overnight. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Taper tantrums Data from Cointelegraph Markets Pro and TradingView showed the pair orbiting $48,300 at the time of writing as markets braced for November’s Consumer Price Index (CPI) readout. As Cointelegraph reported, economists tip this month’s…
beginner Although for many people the word “blockchain” has become synonymous with the term “cryptocurrency,” that’s not all there is to it. Cryptocurrencies are just one of the many, many use cases that exist for blockchain technology. Blockchain technology is essentially a system of recording information. It is incredibly secure, making it almost impossible to change, hack, or tamper with…
