Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more accessible transactions
By exploiting its higher processing capacity to defeat the encryption that safeguards private keys and transactions on the Bitcoin network, a quantum computer could theoretically hack Bitcoin. However, the current state of quantum technology is not yet advanced enough to pose a significant threat to Bitcoin’s security. Quantum computers might make public-key cryptography less secure
Crypto exchange Binance denies allegations of mismanagement of customers’ funds. Binance’s denial came in response to a Reuters report that alleged that the crypto exchange comingled customer’s funds with company revenue. The Reuters report alleged that Binance violated United States banking regulations that require client money to be kept separate. The report alleged that the exchange
City: OsakaCountry: JapanPopulation: 19 millionFounded: 1889 (as a municipality)Language: Japanese Jump to: Understand, Crypto culture, Projects and companies, Financial infrastructure, Where can I spend crypto?, Education, Controversies and collapses, Notable figures in Osaka and Japan. Understand As one of the largest cities in Japan, Osaka and the broader Kansai region stand out in contrast to
Bitcoin (BTC) staged a classic range comeback on May 23 as markets “bought” hopes that the United States had resolved the debt ceiling debacle. $30,000 back on the cards Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed toward $27,500 on Bitstamp overnight. Still stuck in a familiar trading corridor, the pair
Earlier in May, the market capitalization of Pepecoin (PEPE) — a cryptocurrency inspired by the popular internet meme Pepe the Frog — had soared to $1.8 billion. Two weeks later, the PEPE market cap has come crashing down to roughly $665 million, a 65% decline. Let’s look at the reasons why. Pepe mania winners dump PEPE whales appear
Cryptocurrency and Bitcoin (BTC) ATM provider, Bitcoin of America, consented with the Connecticut Department of Banking to halt its operations due to a lack of licensing. In a statement released on May 22, the Department of Banking highlighted that Bitcoin of America failed to obtain a proper license to operate Bitcoin ATM kiosks in the
An obscure footnote in a Ripple opposition brief from 2022 could play a role in the ongoing battle between the United States Securities and Exchange Commission (SEC) and Ripple, according to pro-XRP lawyer John Deaton. Deaton took to Twitter on May 22, explaining that a short footnote in a Ripple legal document that he had just
Institutional investor sentiment over digital assets took another beating last week, with “poor sentiment” around Bitcoin (BTC) leading to yet another week of outflows of digital asset investment products. According to CoinShares’ latest edition of its “Digital Asset Fund Flows Report,” published on May 22, outflows for crypto funds totaled $32 million between May 15
Bitcoin (BTC) price has consolidated within a tight range as hodlers remain hardened and new liquidity is not arriving. While Bitcoin is typically a highly volatile asset, weekly consolidation around a slight 3.4% price range has many analysts feeling that BTC price is stuck. Others are anticipating an uptick in volatility. While the lack of
Bitcoin’s price has stabilized near $27,000 since May 13, displaying reduced volatility in the period. This movement is eerily similar to early April, when Bitcoin’s (BTC) 12-hour chart ranged between $27,800 and $28,700 for 11 days. Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price. According to technical analysis,
Bitcoin stayed motionless after the May 22 Wall Street open amid suggestions that United States interest rates may keep rising. Bitcoin analyst eyes “capitulation by time” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the range immediately below $27,000. Despite some brief volatility for stocks, Bitcoin (BTC) remained firmly trapped in a range that it
Bitcoin has been trading in a narrow range for the past few days. Generally, tight ranges are followed by a range expansion, resulting in strong trending moves. Market intelligence firm Glassnode tweeted on May 22 that Bitcoin’s (BTC) seven-day price range is “comparable to Jan 2023 and July 2020, both of which preceded large market moves.” It
On May 22, The Open Network (TON), a layer-1 blockchain previously created by Telegram, announced the launch of a $25 million fund for projects building on its ecosystem. The venture, dubbed “TON Accelerator Program,” will invest between $50,000 and $250,000 per project and be accompanied by partnerships and mentorships from TON’s staff. Justin Hyun, head
There are key events in the fascinating world of cryptocurrencies that have shaped the trajectory of adoption. One such occasion is commemorated annually as Bitcoin Pizza Day: a commemoration of a seemingly unremarkable transaction that had a profound effect on the development of Bitcoin (BTC). So, on Bitcoin Pizza Day, let’s indulge in a cheesy
Thirteen years after the world’s first Bitcoin (BTC) pizza purchase, the pioneer cryptocurrency network faces a new wave of disruption thanks to the advent of Ordinals, the recently launched protocol that allows adding digital content such as art — i.e. nonfungible tokens — in the Bitcoin blockchain. Since the launch of Ordinal NFTs on the
Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin? Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support
On May 22, GameFi project Gala Games announced that it has partnered with Las Vegas poker streaming platform PokerGO to launch a new Web3 social poker game. Dubbed PokerGO Play, users will have the ability to enhance and upgrade their players in addition to redeeming real-world prizes. PokerGO is scheduled for beta testing in June,
Illuvium CEO Kieran Warwick has once again been in the thick of a controversy, this time taking aim at applicants seeking to join Illuvium DAO’s marketing sub-council. Warwick, who is not coincidentally also the game studio’s chief marketing officer, took to Twitter on May 9 to say that the DAO faced a “significant challenge,” with
It’s been 13 years since programmer Laszlo Hanyecz made the first commercial transaction with Bitcoin (BTC) on May 22, 2010, buying two supreme pizzas from Papa John’s for a whopping 10,000 BTC, or $266 million at current prices. That day is known and celebrated as Bitcoin Pizza Day. To commemorate the occasion, Cointelegraph sought to