Bitcoin (BTC) soared on March 9 as the Dow futures recovered sharply and United States Treasury Secretary Janet Yellen’s statement on President Joe Biden’s executive order regarding digital assets, which was released a day earlier by error, contained positive statements about the crypto industry. For the past few days, investors seem to have been accumulating
Ongoing developments on the global stage continue to cause havoc in traditional markets and in the cryptocurrency sector. Despite these headwinds, projects in the Waves ecosystem have managed to climb higher in both price and total value locked (TVL) as a renewed focus on interoperability with popular blockchain networks brought fresh momentum. Here’s a closer
Sheikh Mohammed bin Rashid Al Maktoum, prime minister and ruler of the United Arab Emirates, has announced a new law on virtual assets as well as the establishment of a crypto regulator. In a Wednesday announcement, Sheikh Al Maktoum said he had issued a law creating a legal framework for crypto in the Emirate of
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine. In a Wednesday statement, the European Commission said member states had agreed to amend regulations with the goal of ensuring “even more effectively that Russian sanctions cannot be circumvented,
Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare moment for the U.S. President. In a Wednesday announcement, the White House said President Biden’s executive order required government agencies to explore the potential rollout of a United
Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed. Executive order enters with a whimper Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9. The pair had shrugged off the latest round of macro
Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the
[embedded content] Yana Novikova is on a mission to solve complex problems before they actually become problems. In her seven years at Ripple, Yana has approached every challenge with the determination to find clarity in complexity by using her wealth of experience and industry knowledge. She started her career at Ripple as one of the
The most enduring headline from the Beijing Winter Olympics may have nothing to do with medal counts or inspiring pursuits of athletic excellence. Instead, it could be a milestone from the latest real-world pilot of China’s digital currency, which was used to make more than 2 million yuan ($315,761 USD) in payments per day at
Bain Capital Ventures, one of the world’s largest startup-investment firms with $5.1 billion in assets under management, has announced the formation of a new $560 million fund that will focus on crypto-related investments. According to a March 8 Bloomberg report, the fund closed in November and it has already invested $100 million in 12 undisclosed
VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund that invests in gold mining and Bitcoin (BTC) mining companies. According to the SEC document filed on March 3, the fund will
At its core, Web3 is about regaining control from centralized online experiences, allowing creators to interact within peer-to-peer (P2P) ecosystems focused on music, film, artwork, fashion and other popular topics. This has also given rise to nonfungible tokens (NFTs) and digital ecosystems often referred to as the Metaverse. Given the broad range of interests Web3
Mama Bitcoin is the pseudonym claimed by a young Senegalese Bitcoiner called Bineta. Her business, Bleu comme la mer, was the first retailer in Senegal (and possibly West Africa) to accept crypto as payment. She’s also the first generation of her family to read and write proficiently. The name Mama Bitcoin takes inspiration from the
As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies (CBDCs) have caught the eye of various countries, including the Philippines. In a joint event organized by Bangko Sentral ng Pilipinas (BSP) and the Alliance
press release PRESS RELEASE. Last week Africa founded cryptocurrency exchange, Quidax, announced that its crypto markets had been listed on CoinMarketCap, the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency ecosystem. With this announcement, Quidax is the first fully African owned crypto exchange to be listed on CoinMarketCap. This listing represents
Another big drop in the U.S. stock market could leave Ethereum’s native token Ether (ETH) in a similar downside spell, according to the latest Bloomberg report on digital assets. Ethereum faces global recession risks Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, anticipates U.S. equities to face downside pressure against the prospects of the
The Ripple case versus the Securities and Exchange Commission (SEC) could have an unexpected result, according to a report from Fox journalist Eleanor Terrett. The legal battle started almost two years ago, in December 2020, and the regulator seemed like the clear winner. Related Reading | SEC Will Lose Lawsuit Against Ripple, Former SEC Official
The ESG-focused mining company HIVE is the latest organization to sign a deal with Intel. It joins Block, Argo Blockchain, and GRIID, as the first clients and testers of the giant’s new ASICs. Intel’s Bonanza Mine project is quickly becoming one of bitcoin’s stories of the year. It’s funny that, so far, no one has
Publicly traded crypto mining company HIVE Blockchain Technology has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their new custom mining devices. HIVE has arranged for the new devices to be made by a third-party custom design manufacturer that will integrate the Intel chips into new air-cooled
CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the nation’s trade flows. Last year, through its 80%-owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trade platform. Usage of the