Dogecoin, a token created as a joke to mock bitcoin, has become a major digital asset whose holders are increasing by the day. Elon Musk’s favourite coin has slumped by more than 20% in the past seven days and lost 4.5% in the past 24 hours. DOGE started June with very high hopes after being …
Continue reading “Dogecoin Slips 4.5% to $0.304 – Where to Buy DOGE Weekend Dip”
The second-oldest continuously operating U.S. bank, State Street, has launched a new division dedicated to cryptocurrency and digital assets. Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division. State Street, the second-oldest continually operating bank in the United States, announced the …
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On Friday, June 11, 2021, data shows that Taproot could get locked-in this coming weekend, as the signal ratio is 98.3% and a touch more than 100 additional signaling blocks are needed to lock in the upcoming soft fork. Bitcoin Upgrade Taproot Inches Toward Lock-in, Success Means Activation in November Participants involved with the Bitcoin …
Continue reading “Speedy Trial Success — Bitcoin Upgrade Taproot Set to Lock-in This Weekend”
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would …
Continue reading “The CBN Says Nigeria Will Have a Digital Currency Before End of Year”
An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender “an interesting experiment.” BIS Official Doubts …
A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and …
Continue reading “Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat”
The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous. The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible …
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency in the country. According to a …
Continue reading “Nigeria’s central bank plans CBDC pilot launch before the end of 2021”
Nassim Taleb and Nouriel Roubini criticized tokens in general during a BSV conference panel. Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek Conference this week, while the always controversial Craig Wright boasted that the Bitcoin SV blockchain was on track to hit billions of transactions a second. …
Continue reading “Roubini and Taleb tell CoinGeek Conference data matters, not tokens”
A journey that started with trading shitcoins has now become a growing passion for NFTs — part of a wider wave of NBA players and cultural tastemakers taking over the blockchain space. As Wilson Chandler tells it, despite being a NBA star with a decade-plus pro career and nearly $80 million in career earnings, the …
Even grandma was bullish on Bitcoin in April, but market cycle analysis shows it was past time to take profit. Welcome to Cointelegraph Market’s weekly newsletter. This week we will identify emerging-sector trends across the cryptocurrency landscape in order to broaden your understanding of market cycles and better equip readers to take advantage of the …
Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines. Thailand’s Securities and Exchange Commission has approved guidelines prohibiting crypto exchanges in the country from supporting four different types of tokens in certain cases. In a Friday announcement from the Thai SEC, …
Continue reading “Thai SEC bans exchanges from handling certain token types including NFTs”
That picture of a dog staring into the camera in formal posture.. you know, the one that sparked the Doge meme? Someone just sold it for millions in Ether. Dogecoin has seen significant attention in 2021 in tandem with its dramatic price rise. Capitalizing on this rise in attention, someone sold a non-fungible token (NFT) …
Continue reading “An NFT of the photo that inspired Dogecoin just sold for $4M”
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. Growing Namibian Interest in Crypto This latest BON warning …
A Cryptopunk NFT was recently sold for $11.8 million during an auction organized by Sotheby’s. The sale, which also featured works of other artists, was organized virtually. Sotheby’s anticipates strong demand for this kind of digital good in the future, even as NFT fever has somewhat subsided in recent weeks. Cryptopunk NFT Sold for Almost …
Continue reading “Cryptopunk NFT Sold for Almost $12 Million in Sotheby’s Auction”
