Research warns that Bitcoin (BTC) still lacks the on-chain volume and active address increases that characterize bull markets. In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin might be weaker than it seems. Active addresses not copying bull market paradigm As on-chain metrics flip green and some
Month: February 2023
Friendsies founders have abruptly shut down the NFT collection and all associated projects. The rug pull was confirmed after the project’s Twitter account was deleted. The collection had raised $5 million at Christie’s auction on OpenSea less than a year ago. Founders of the NFT collection blamed their decision to shut down on volatility and
A small monetary bounty and an aptitude for coding were all it took to fork the Ordinals protocol to the world’s second-ever cryptocurrency network, Litecoin (LTC), earlier this week, its creator told Cointelegraph. On Feb. 18, an Australian software engineer by the name of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin (BTC)
Our weekly roundup of news from East Asia curates the industry’s most important developments. China blockchain SIM card Conflux Network says it is working with the second-largest telecommunications provider in China to develop a blockchain SIM card that will serve as a secure place to store digital private keys and nonfungible tokens. Conflux announced its
Feb. 21 lifts the curtains on numbers 4–10 of the most impactful crypto and blockchain sector players, according to Cointelegraph’s 2023 Top 100 list. The controversial player at No. 10 was not on Cointelegraph’s Top 100 list for 2022, nor were the players occupying No. 9, 8 and 4. The person who takes the ninth
Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. According to an article, quoting а leaked report from a police informant, the “missing Cryptoqueen” was killed on a yacht in the Ionian Sea more than four years ago. Murder in the Mediterranean – Another Theory
Chris Georgen, founder of the social impact-focused blockchain company Topl, believes that many consumers are unaware of the consequences of their buying habits. “Forced labor, deforestation, the destruction of endangered habitats… As responsible citizens of the world, we wouldn’t knowingly support, condone or participate in anything like this,” he tells Magazine. “Unfortunately, too often, what
‘Less interest than anticipated’ — PROOF cancels NFT event Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has confirmed that their flagship conference, “Proof of Conference,” scheduled for May, has been canceled, citing “less interest than anticipated.” We made a tough decision today, I want to apologize to everyone that planned on
The Moscow bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ). The man is accused of conspiring to violate U.S. sanctions on North Korea. According to local media, on Feb. 21, Christopher Emms was arrested in Moscow upon the “red notice” from Interpol. Th 31-year-old British citizen was
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto
Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein. In a Feb. 20 interview, Gladstein argued that the decentralized nature of Bitcoin (BTC) can act as a barrier against corruption and tyranny. “Where the
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to achieve is a decentralized, secure interoperable solution. Let’s take going from Ethereum to Bitcoin, the largest blockchain network, as an example. Historically, centralized exchanges have been one
According to a press release shared with Bitcoinist, the XRP-based wallet Xumm partnered with the loyalty program platform Friiworld. The partners launched a crypto payment system in the Netherlands to bridge traditional business with the advantages of digital assets. Traditional Business Can Embrace XRP Payments With Xumm Product Per the release, Xumm and FriiPay launched
The price of Ethereum’s native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH’s price is not out of the woods yet despite several bullish cues in the pipeline, such as the Shanghai upgrade. Ethereum price bull trap? Ether’s rise aligns with similar upside
Jesse Powell, CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda. In a Feb. 19 Twitter thread, Powell speculated that U.S. regulators — seemingly including the Securities and Exchange Commission — were allowing crypto firms to operate without enforcement actions as a
Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission. In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses
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